Affecting our own societies. Yorkather of the new reportedly told the fbi in 2014 that his son was a terrorist. He said that his son was interacting with bad people overseas. He later recanted that claim. The Syrian Military set a set a truce brokered by the u. S. And russia had failed. Prosecutors say suspects arlington to the attacker who is killed by police. Emily im emily chang and this is bloomberg west. The u. S. Paves the way for Driverless Cars to hit the road. We will hear from government and Industry Experts about where innovation goes from here. Adobe scherzer popping on higher demand for their cloud software. And is india oracles next frontier question mark the ceo tells us about her ambition for that fast and growing market. First to our lead the u. S. Government is paving the way for Automated Vehicles to hit the open road. A framework released by the highway regulators say cars need to meet a 15 point check list showing, for example, how their virtual drivers will functi
Prove it. Got an insanely addictive gain for econ nerds everywhere. Power lunch starts right now. Welcome to power lunch. Econ nerd Brian Sullivan with three hours left in the trading session. Stocks, as you can see, at session lows, mildly in the green. But if this recent trend continues, it may not be for long. Trying to lead the dow higher at this hour, you got merck and other names out there. As you can see, the dow is up just 19 points. Goldman sachs doing okay. And were pleased to have seema mody riding shotgun with us today. Hi, everyone. Im seema mody. Heres what else is up on power lunch at this hour. Housing starts falling more than expected last month after two straight months of gains. U. S. Attorney general Loretta Lynch says this weekends explosions in new york and new jersey are being investigated as an act of terror. And the National Hurricane center says Tropical Storm lisa has formed in the atlantic. It is not expected to make landfall in the u. S. Lots to get to this
Tech. Later, if this man is president , what could it mean for your portfolio . A top strategist will tell you which names to buy and which will sell off as a result of a Trump Presidency, but, first, we start with the markets. Moments of truth. Were less than 24 hours away from what could be one of the most dangerous days of the year for stocks ahead of tomorrows allimportant fed meeting decision. As an investor whats the first thing you need to do tomorrow, guy . An interesting day. No question about it. Tomorrow shapes up for an interesting day. Todays sales revision gives the fed some cover not to do anything but some numbers give them every reason to hike rates as well. I have no clue whats going to happen, but what i do know is the corner that they have painted themselves in gets smaller and smaller. I think bronze rally. We talked about 2025, the s p, the potential to trade up to and it did. The bulls, the last two days its been pretty encouraging. Two days in a row where oil we
Crude that was the story yesterday. Look at that. You were just at 50. We were just pushing 50. You saw the latest caseshiller home prices, they were just released at the bottom of the screen. San francisco, denver, portland have the biggest home price gains. Lets get to our road map this morning. Earnings, earnings, earnings. Alibaba higher in premarket after profits and revenue beat expectations. Yahoo goes up when alibaba goes up. Mixed results in from dupont, ford and u. P. S. The cfos of u. P. S. Will be up later in the show to give us more insight. Pfizer, merck, bristolmyers all beating consensus and boosting fullyear guidance. Take a closer look at pfizer. Those were particularly good numbers. Lets start off with alibaba, up sharply in premarket. Posting better than Third Quarter results. Revenue up 32 . Strong growth across the board, particularly in mobile. Yahoo owns stake in alibaba, it will be putting that in a separate company, hence it goes up, almost as much as alibaba
In many locations, the 6 plus completely sold out. We will look at supply concerns and whether the large iphones could cannibalize the ipad. Oracle has been billions on acquisitions and has seen modest gains in revenue. Now that Larry Ellison has stepped down we look into the challenges the coceos will face as they try to adapt into the cloud age. First, to the lead. A historic day on the New York Stock Exchange as Alibaba Group started trading in the largest initial Public Offering in u. S. History. Trading began two hours and 23 minutes after the Stock Exchange opened and when it did shares were a hot item. Over 100 million trades were reported in the first 10 minutes alone. Shares nearly hit 100 before closing at 93. 89. It is sitting on a market cap greater than 231 billion larger than amazon and ebay combined. Also bigger than facebook already. What do you make of the giganticness of that market cap . I just made that up. It is interesting that the market digested it so well. From