The top analyst on apple he is with us live after a major player at the company says, its time to leave. The Halftime Report with scott wapner begins right now. Welcome good to have you with us our Investment Committee at the table today. Lets begin with the market. Stocks are jumping on the last trading day in june. All eyes on osaka as the g20 in full spring. We countdown to the meeting between trump and xi trade playing a big role in what the second half of the year will hold for investors why dont you size it up for us after a great first half yeah. Then i think not only did we have a great first half, but this week looks like it was a really big catchup trade a lot of stocks that had been hit hard suddenly reversed i think thats important if were going to continue this trend and have a substantial breakout that lasts. I want to focus on the rate sensitive names got absolutely rocked this week a lot of bigger damage in some of the bigger. And utilities down 2. 5 on the week we came
Blow around a bit. It wind advisor is in effect until 3 00 p. M. You will hear the wind before you walk outside. Outside youll find the strong wind. Clouds on the breakup. Three degrees below average. Yesterday we win at 49 degrees. Our warmest day in two months. But not the same today. 35 at the lakefront. Wind chill of 17 in bartlett. 13 in dekalb. The wind is stiff at 32 mi. Per hour. Holding steady at 29 mi. Per hour in aurora. It will certainly take your hat for a ride if you are not holding onto it. We continue to see snow showers through midmorning. Little or no accumulation. But we go from 50 degrees back down to snow. Average high today is 37. We will be a run the low 30s with the wind decreasing during the day. Todays official high will be about 34. Tomorrow 32. Snow showers on sunday. Were feeling those gusts on the roads particularly coming in carried on the Digital Science overhead there werent people the best could make 50 mi. Watch the that when you come in. And also tal
Temperatures are going to stay warm. Today we are in the low 40s. Right now it is 34. 3340 hair. Union reading at 31. 314 decal. Light snow tapering off across the northern communities. We will have a mixed precipitation delivering tonight after midnight. When a potential for freezing rain and potentially icy travel tomorrow. It changes over to rain and then a rain and snow mixed. We just dont know what we are going to get. We are going to have the mixed early on thursday. Potential for rain and thunderstorms happen out. High temperature 49 degrees. We call that slop. Things are looking good on the roads. Outbound kennedy have a few leans down at cumberland. Whenever we see these temperatures warm up they get out there and start to do that work. Theyre also taking a manageable literatures by cleaning the snow off the side of the expressways. You may see more of those plows out there but other than that you are in good shape. A full rundown coming up in just a bit. With all the snow wev
Time since 2012. Maybe stocks are slowing because of the hunt for yield, the tenyear treasury note below 2. 6 . Whats that sound . It is realtors dancing as Mortgage Rates are likely to fall back again. Europe as you can see with the exception of what looks to be switzerland or lichtenstein is down. Our road map begins with apple and one very large acquisition. Talks to buy beats headphones, dont forget the streaming service for 3. 2 billion and create the first hiphop billionaire, we will address some skepticism from the street. And getting divorced before they got married. Publicist and omnicon calling off their merger. Ugly breakup in the ad industry. Somebody call john ham. Ralph lauren and the gap out with results. Ralph lauren beat, warning about shrinking margins. Ralph waging its Global Expansion at the begin of margins. Were calling it straight out of cupertino. Apple in talks to buy beats, the streaming Music Service founded by producer dr. Dre and jimmy i owe veen. Surprise
More cash to shairps shareholders. Sears shopping for buyers for its canadian unit. Eddie lampert making more changes to that retail empire and sony, negative results again. More record highs for the s p and dow despite the soft data. Will we see new highs today . Another acquisition for yahoo . Marissa mayer scoops up snap chat rival strategies by a thousand buys blink. Youll miss another one. Whatever that meant. I dont know what i just said. Alibaba liked it. First up, though, macys did report First Quarter earnings of 60 cents a share, Beat Estimates. Retailer says comp sales down 1. 6, hurt by the Winter Weather and macys earnings released Terry Lundgren says sales trends did improve in april when weather started to improve. Announcing a 25 Dividend Increase and boost in the share buyback. The story on m is margin control. Despite the decreasing comp held vndsers to the fire. Got operating margin, 7. 1, looking for 7, gross margin 38. 9. Thats in line. Did they squeeze toomey . I