Apple news today. Company getting a big investment from Berkshire Hathaway, the Ride Sharing Service he just invested in there could be looking for a u. S. Ipo. Shares of yahoo up on quicken loans founder part of a Consortium Bidding for the company. Warren buffett says hell back it. Major m a deals, pfizer making a 4. 5 million purchase. But first, Berkshire Hathaway has revealed a new 9. 8 million stake in apple. Meanwhile, apple ceo tim cook visiting china in an effort to reinvigorate sales in that country. Hes expected to meet with chinese officials and is already met with the president of didi just days after apple announced that billion dollar investment in the ride hailing startup. Met with some other startup creators as well, posted waebo which has gone viral already. I think the story is the app store. 7 billion in business that regular Chinese People have done on the app store. Between that billion and billion last year and i think what thats about is to say you may think tha
Morgan stanley calling opec comments the spot behind price gains to put it back in a bull market. About 19 minutes until we close trading in europe. We saw a movement in the pound this morning. Probably off of the brexit news. Nejra yes. We were seeing a weaker sterling anyway, but it has moved even though were about after the news of a potential triggering of article 50. Sterling down 9 10 of 1 at the moment. Also seeing the ftse 100 down 3 10 of a percent. A number of the equity indices moving lower in europe. I want to switch this too sure mosttalys ftse down a 2. 7 , leading the losses in western european markets. Spain and france down lower all is well. The stoxx 600 intraday, down more than 1 . These losses have accelerated a bit since the brexit news. Whether it is down to that or not is the question. But we still see the losses. The stoxx 600 leading for a weekly loss. The rally yesterday, the first in five days, shortlived. Most Industry Groups heading lower on europes equity
Mates from the opposing side. Campaign trail is stacked ahead of tonights festivities. Hillary clinton in pennsylvania as new polls show her taking a slight lead. Donald trump heads to arizona to solidify a state once all covered in red. Our Political Panel and fox Business Team in the field break it all down. That deadly hurricane blasting through the caribbean may have sights set on the u. S. Mainland, but where exactly . Were going to follow its track and show you what you need to know about matthew before its too late. Death by hacking, it could happen to diabetes sufferers. Battery life of googles new smartphone and wells fargo victim comes forward to tell fox business im suing and suing big. Less than an hour to the closing bell. Lets start the countdown. Breaking news, a perfect Storm Brewing on wall street and in the caribbean. To the markets first, weve got three dark clouds weighing on stocks at this hour. First no matter how many clients try to talk up Deutsche Banks solvenc
Money linked to Guantanamo Bay detainees. Why the white house is now coming under fire. Hmmm. David all those stories in just a moment. First back to the markets. The dow sinking for the second day in the month with 3m, dupont and verizon among the biggest drags. Gold, if youre a gold bug like me youre taking a dive as well. Trader Scott Shellady is watching all the action on commodities from the cme. Lori rothman on the stocks at the nyse. Lori, what is driving stocks lower today . Boy, a lot of up and down, david. We end the day with losses. It was a global story. Investors here in the u. S. Are looking across the pond and concerned about, renewed concerns if you will about the impact brexit will have the on the uk economy and obviously contagion effect here in the u. S. As you know theresa may, put the deadline, the march date to put process for the uk to exit the eu imf basically saying it expects u. S. Inflation to rise faster than the fed does. So that puts pressure on all the ha
Lets look at where the numbers stand right now. The s p 500 the biggest gainer. Up gainer the nasdaq has been flirting with negative territory in the flat line. Its up minimally right there. Lets take a look at whats happening with currencies as well, in particular with the u. S. Dollar and the japanese yen. Kinds been a very seesawed of day, a volatile kind of day for the currency. You can see that a weekend over the course of todays trading session. We started hit right back where we started, around the late morning hour or so. A bit of more weakening and thats where we stand right now, one dollars will get you 108 yen. Lets also pop into my bloomberg, and i want to show you the Sector Health of the s ps 10 sectors, this is the imap function. Eight out of the 10 sectors of the s p are trading positively, energy has been the biggest leader all day, up. 2 materials up 1 . Now, talking about energy, i want to talk about oil, and see where that has gone. We are seeing it back up near the