New device. But today, there was no new device. The dow component did not chart a bold, new course or show off major innovation and the Company Might dispute that. It did, however, make some changes to its flagship product. The iphone. But those arguably incremental changes come at a time when the Company Faces challenges. Its smartphone sales are slowing. Big institutional shareholders are selling and the company is in the middle of a huge tax fight with the European Union. Its stock once a rocket ship is a slowmoving barge. Shares are off about 3 this year. While the broader dow index of which its a component up 6 . We start tonight with apples latest announcement and josh lipton has it for us from San Francisco. Less a revolutionary new product than an evolution, apples ceo tim cook unveiled the iphone 7 and 7 plus today in front of a crowd of apple diehards in San Francisco. The new phones have come definite upgrades and one noticeably absent feature. Apple is eliminating the headp
With a big event and unveils a new device. But today, there was no new device. The dow component did not chart a bold, new course or show off major innovation and the Company Might dispute that. It did, however, make some changes to its flagship product. The iphone. But those arguably incremental changes come at a time when the Company Faces challenges. Its smartphone sales are slowing. Big institutional shareholders are selling and the company is in the middle of a huge tax fight with the European Union. Its stock once a rocket ship is a slowmoving barge. Shares are off about 3 this year. While the broader dow index of which its a component up 6 . We start tonight with apples latest announcement and josh lipton has it for us from San Francisco. Less a revolutionary new product than an evolution, apples ceo tim cook unveiled the iphone 7 and 7 plus today in front of a crowd of apple diehards in San Francisco. The new phones have come definite upgrades and one noticeably absent feature.
Meanwhile, roach is still on the hunt for a targeted acquisition. Sales of nestle and car four tradi carrefour trading in the red. Good morning and welcome. The stoxx 600 was up as much as 1 about an hour or so ago ppts now down just below flat, 0. 13 . But even a decline of 0. 13 does not tell the full story. The uk and germany were both down nearly 3 . Frabs, italy, spain down nearly 4 and greece was down 7 . 7 in one day. What on earth is going on . Unsurprisingly, we see a bit of a bounceback today across the board relative to yesterday. The other european bourses are struggling particularly over the last hour, particularly portugal down 1. 3 . Portugal and greece are now down 30 from their highs earlier this year. Thats significant correction territory and most of the other major bourses in europe are now down 10 from their highs earlier this year. Lets look at bonds. We also have volatility in the bond markets yesterday. In particular, lets check on the u. S. Tenyear. It hit 1. 8
be going. look at it there. there you see what s going on in the other column, here s what s out. gold is out. money moving out of there. and more aggressive form of the 2,000. moving out of there. the dough stocks. the spider trust. moving out of there and utilities also losing money. sue? well, we also have some dualing quotes adding to the debate over the big question, what should investors do with their money right now? nyc trader think about that. ben, i m going to start with you. which quote resonates more with you. mr. cooperman or mr. ravini. i have to believe right now that the equity markets are somewhat fully invested. but if you re looking for bubbles you want to look for the u.s. treasury market. we have gone that is not a healthy market. it s not a traditional rally. it s not really being fuelled by a multiple expansion. it s not even being dramatic by an earnings expansion. apparently good enough for the market. this is liquidity driven for the rally. e
all ahead. first, a huge day on the street today. s&p 500 trying to close at a record high. take a look at how we re selling out on the street today. dow jones industrial up 105. volume on the light side. nonetheless, prices on the upside. nasdaq composite up 27 points today. almost 1%. finishing the day at 3307. s&p 500, 1593. gain of .75%. 11 points higher on the standard and poors. more on today s big rally and bring in eric ristubon of russell investments. andrew keen. doug cody. and kenny pulkari of o neill securities finishing up his trades and will join us momentarily. good to have you on the program. eric, you saw the friday gdp report having an impact today. despite the disappointment, how is that possible? everybody complained that the gdp report was below expectations and here we have more money moving into stocks? yeah. disappointed exactly the right way. when you look below the headline number of of 2.5% and you look at the composition, what you saw is housin