Continuing to be all about tech. Surging since the best monthly performance since 2000 u. S. Equity futures, youll see at this point you are looking at some green arrows across the board. Nasdaq indicated up. Dow is up, so is the s p 500 well talk about zoom. It is those Technology Stocks leading the way. Looking here to date, they are up more than expected. Looking at the treasury market, it looks like the 10year is yielding around the same amount of 0. 726 . Zoom, huge news. Right now, top single stock of the day is zoom the stock is on fire that may be the least impressive thing. Jumped over 300 year over year. Free cash flow up 2,000 year over year. New customer subscriptions delivered 81 of the Revenue Growth and less customer churn than expected. Kelly will join us to dig through the quarter at 8 30 eastern time stock up 80 right now how would you like to be in a business where your Free Cash Flow was up 2,000 it sounds like a kids lemonade stand. Thats what has happened to zoom
A cash spinoff his criticisms of bitcoin like the high transaction costs and amount of time it takes to complete them came as a shock to many and those surprising comments come on the heels of more bad news for crypto currency with one Major Exchange in south korea shutting down and filing for bankruptcy after suffering its second cyber attack in eight months the appian which operates the seoul based you but exchange ceased trading on tuesday in a statement said the latest hack caused the company to lose seventeen percent of its total assets but didnt specify the financial value of its losses. And in the latest round of merger news were seeing big moves in the food and Health Care Industries the new jersey based Campbell Soup is spending four point eight seven billion dollars to North Carolina based snyders lens is known for its healthy snacks like spiders of hanover kettle brand and pop secret all. Which will become part of campbells division that makes Pepperidge Farm and goldfish sn
All of which will become part of campbells division that makes Pepperidge Farm and goldfish snacks meanwhile Hershey Foods located in pennsylvania is buying amplify snack brand of texas for one point six billion dollars amplify makes skinny pop and other non chocolate snacks at her she is hoping to integrate into its businesses but still the major changes in the Food Industry have not been able to outshine the mergers in health care at least not yet not long after we learned that c. V. S. Is buying aetna humana and two private equity firms announced their purchase of kinda health care for four point one billion dollars the deal mainly impacts kindred at home which employs forty thousand caregivers who serve nearly one hundred thirty patients per day. Thank. You after disney announced its plan to acquire parts of twenty First Century fox question. About everything from competition to cable bundles quickly popped up but there are just as many if not more about the future of Sports Broadc
This is boom bust broadcasting around the world from washington d. C. And beyond coming up disneys purchase of twenty First Century fox could mean more than just antitrust and cable bundle headaches in fact it could mean big changes Global Sports programming well talk to the aftermath of about that plus can we expect a jump in gold prices next year peter schiff of europes effect capital and gold will tell us what we can see now lets get to todays top business and financial headlines. Point might be hovering around seven hundred thousand dollars there are still plenty of critics that say its way too risky to get involved in and you can now include one of bitcoin dot coms founders on that side of the spectrum and the oldenburg c. T. O. And cofounder of the site recently said in an interview with break it investment in bitcoin right now i would say is the most risky investment you can make it is an extremely high risk he added ive actually sold all my bitcoins recently and switched to bit
Trading in a pretty tight range today. It feels as though they are waiting more direction. That said, stocks are new the highs of the day. Earlier, we were offering we were saying major averages trade lower. On the plus side, we have the financials, which have been writing today along with technology. On the downside, Consumer Staples and consumer discretionary. Apple is one of the stocks on the rise today. Tony over a bernstein says the company could reach a trillion dollars in market cap if it shifts toward a Subscription Services type of model where people will pay a monthly fee for their iphone and other Apple Services rather than one lump sum for the iphone of front and so an interesting call and the stock is trading in the obit higher. We are watching the banks trade higher. They have been going up along with rates today. That is treasury yields on this outlook. Perhaps some insight in the fed minutes that we will see in interestrate sooner rather than later potentially. , bank o