Speaking theyre lower no matter where you are in the world. Weaker against the yen. Were sitting right there at that 100 level. Pound is now 1. 29. Went to 1. 2796 at one point. Price of crude oil up this hour. Brent at 47. 76. Lower by. 20. Tesla says it doesnt alert regulators until nine days after the accident. The company is defends its decision not to make the news public before a federal probe was announced last month. The national Highway Traffic Safety Administration says the investigation is active and would not comment further in response to an article about the time iing of that disclosure. Elon musk tweeted the may fatal quote was not material to the stock. Bio tech firm is ready to explore a sell to one of several suitors. San if i has signed a confidentiality agreement. Gives access to a treatment that has produced positive results in mice. You cant say that something is not material to a stock. Thats its not his position to say that. Number one the stock did go down. It
Brent a decline of 49 cents. Couple big corporate stories to tell you about. The biggest one, its final. Its here. Verizon set to announce an agreement today to buy yahoo for 5 billion. Sources telling us that yahoo will no longer an operating company after this. It will become a Holding Company for stakes . Alibaba and yahoo japan. Has a small platen portfolio to sell. Marissa mayer not expected to stay on after the deal is completed. Her severance, expected to be 57 million. Well have a lot more on the story in a couple of minutes. Other news as well. Tesla and solar city, theyre reportedly closer to a merger. No brainer. Thats a new one. One brain. Elon musk the largest share hoeflder in both companies. In the final stages of carrying out Due Diligence on both companies. The companies are carrying out due dial generals the right brain talking to the left . Elon did an interview this morning. Did you see this . Its a good piece. We dont get that paper. Its called the new york times.
Officials are trying to shield him from protesters. Authorities have glued town pavement bricks to prevent them from being thrown. They started gluing down their sidewalks so that protesters cant grab the bricks and throw them . You have to admit thats a pretty smart solution. Yeah, because it stops the violence and it also makes the protesters look weak ill show you, government aaahhh aaahhh you know, ill just write a letter when i dont want to go to the gym. Its already interesting logic from the chinese government. Theyre, like, should we spend money and address concerns of the citizens . Somebody says, nah, lets buy glue. laughter a story thats particularly divisive in the past few vehicles, the rights of transgender people. With more states restricting bathroom bills, only a matter of time before the president stepped in. The Obama Administration sent out a directive to every Public School in the country to allow transgender students to use the bathroom of their chosen gender. Som
Higher. Up by a quarter percent. The cac down by half a percent the ftse down slightly. After the friday night release of the European Bank stress tests, they were not nearly as stressful as some thought they should be. But you did see a lot of concerning things that came out of it. You can see unicredit is down by 7. 5 . Well find out how much it could impact the u. S. Markets in a few minutes. Lets check out crude oil prices because each though crude was up on friday, if you looked at last week, it was still down by over 2. 50. Oil sitting right around 41. 60. This morning, wti under additional pressure. That september contract right now is trading just above the 41 mark at 41. 07. Brent crude at 42. 93. It may be august, but things arent slowing down. Earnings and important Economic Data, all this as the dow starts the month on a sixmonth win streak. Today, we get the july ism Manufacturing Index. Tomorrow, june personal income and spending and your auto sales numbers. Wednesday it
Hoping to ease some concerns apple had hit a wall. Marketing the first time in ten quarters the company has seen Revenue Growth in ipad sells. Talking about the performance with an analyst in just a couple of minutes. Take a look at the futures right now. Not only do we have the earnings report. We had twitter last night. Right now things looking up on the high side. Dow would open higher. S p 500 about 3. 5. Nasdaq up close to 30 points this morning. The apple stuff makes a lot more sense to me, andrew, because when we were talking about when they were still growing. Yes. They were going to grow from a revenue base quarterly of like 42 billion and thats an unbelievable i was thinking thats not guaranteed. Even know it was down of what was it revenue was down i forget how much. Who cares if revenue is down 49 to 42. So its 7 billion less, but its 42 billion. Their quarterly profit is like 10. 68, but my problem when it was priced for perfection is you think its going to grow to the moo