He says he will leave by 2017. Why should he go now. First of all were very happy well talk about the facts in a second and i want to reassure investors that the family is a big fan of conservative land investment. We want to be disciplined and we dont want to go back to the big land buying days. Theres been sames made about how we want to change a big directionment we just juan a new leader so let me just say that about the conservative smart growth that our family wants and reensure investors that we want that. But let me tell you scott. Richard has been a family friend of the family. We didnt bother him for the last several years but from 2004 to 2015 on acumulative basis the pretax earnings of the business have been a loss of over 400 million and thats very concerning for us. Additionally over the last two years the stock prices stayed stagnant and its time to go and were very hopeful that he goes before next year. The board says your campaign is, quote, misguided and not in the in
Of strength following the best twoweek run in nearly three years. Apple reportedly set to hold an investor call today ahead of a potential bond sale that could be priced in euros for the first time. And two big deals. Well get more details on that. But we begin november after a halloween rally which saw the dow and s p set some record closing highs each with gains of more than 2 for october. The nasdaq outperforming them up 3 and this week more earnings reports, Midterm Elections tomorrow and big october jobs report comes up on friday. Really, jim, getting through october some consider a success. Its the biggest mid month comeback for stocks since 09. You had a couple of things. You had people betting that ebola was going to become a very big issue because people felt that the late mr. Duncan was going to make it so that there were multiple infections. There were a lot of people who were shorting restaurants, retail, theme parks, airlines. Turns out that none of them had a downturn. Th
Loss for july. Down in two of the last three months. Its been worse for technology stocks. The nasdaq is heading towards biggest monthly drop since april. If you check out the futures this morning and take a look at was been happening, youll see there are green arrows on this last trading day. The nasdaq up by close to 50 dow jones up by 50 and s p up by 6. In corporate related news out of china, the country giving the green light to apple iphone 6 after beijing addressed security concerns. The iphone 6 will go on sale in china on october 17th. Apple did promise the smartphones dont have any back doors for security that could led u. S. Agencies access data for users. The European Union slamming apple today, saying its tax deals in ireland broke rules. Apple will have about a month to comment. Apple is one of those good names. Its up nearly 8 this quarter. After all of those concerns people had right after the phone came out, about bendgate or whatever we were calling it at that point.
Department says the data is not complete, two states with faulty data. That number is probably going to be revised. Europe wrestling with euro production down. In the oned by putin in the times calling for caution in syria. Facebook looking to hit a second consecutive alltime high today. Ceo Mark Zuckerberg changes his tune about the ipo process. Shares of lululemon. And an initial public offering. Ill have more details in a moment. Weve had three tripledigit gains in the dow. Last time we had four tripledigit gains in a row, never. Doesnt look like were going to do it today judging from futures. We did have an eightday streak in july, longer than the sevenday streak. The s p, yes. I was looking at the s p. After that it didnt go down immediately. August was tough so maybe i dont know. Last night im watching the tape and unfortunately we saw some tough numbers from jay crew, which it just shows you if apparel how tough apparel if jay crew didnt do that well and theyre the best there is