New iphones go on sale as the stock feels pressured this morning. Plus, geopolitics over the market, north korea leader is say hell test a Hydrogen Bomb over the pacific. First up, though, stocks are looking to regain momentum after the dow snapped a nineday winning streak and hit an interday high early in thursdays market. War of words between the president and kim jongun. We had the sanctions yesterday of the u. S. And china and now a threat over the pacific. The escalation is notable this week, michelle. Journalists know that the statement of kim jongun came from him directly. Usually north korean media, et cetera an escalation certainly but still not that much response i mean, considering what donald trump, the president said on the floor of the u. N. General assembly on tuesday, not a huge reaction yet over the concerns markets are putting it in that file that says, its been going on for decades maybe an incremental escalation and theres no clear path to handicapping where this go
Josh, the store opening with a big product launch, not what it used to be, right there were the days when apple didnt do preorders. If you wanted to be the first with the product, you had to wait online. This time its very well choreographed. Im guessing there are more apple employees there maybe than there are people in line am i right no, absolutely, john. When i got here this morning, the lines not as strong as usual, although ill tell you, it has picked up now but i did talk to some people earlier who had been waiting in line and were expecting more people, but listen, we talked about that this morning, in some sense that might reflect consumers Shopping Habits have changed, people are more comfortable ordering phones on line and this is a different rollout. This is a staggered rollout this year with the iphone 10 coming later. That might also be having some impact analysts, though, so far are not going to look at those lines as some kind of honest proxy for demand, though, john be
Losing its license to operation in london. Is it a red flag for the london economy . Were going to get into that coming up. But we begin with this breaking news in the last hour or so, Health Care Stocks rebounding as senator john mccain says he will not vote for the Graham Cassidy Health Care Proposal Kayla Tausche is here to bring us to up speed kayla . Reporter that statement landed with a thud earl yer this afternoon, bill. Arizona senator john mccain becoming the second official no on the republicans final push to Reform Health care this year, with just republican votes creating a significant and perhaps insurmountable obstacle for this bills passage. Mccain says the bill of this impact should be done on a bipartisan basis, saying, i cannot in good conscience vote for the Graham Cassidy proposal. I believe we could do better working together, republicans and democrats. And have not yet really tried nor could i support it quhowith knowing how much it will cost, how it will affect i
Build and preserve your wealth we live in a world where its increasingly difficult to become rich if you werent born that way. Love it or hate it, i believe the stock market is the best ladder we have in this country for social mobility. There are millions upon millions of people in this country, but there simply arent that many jobs that pay you a salary fat enough to actually make you rich even if youre a total cheaps skate and save nearly every single penny you earn, the truth is you want to become really wealthy in this country, unless youre born with a silver spoon in your mouth, planning your Financial Strategy for on entire lifetime if you dont have a super high paying job, as long as you save a decent chunk of your paycheck and invest is wisely year after year, you can make your wealth grow, you become, if not filthy least, at least, very least, financial lly indpept meaning y dont need to worry about your job security, where your next paycheck is going to come from youll be ab
10ye 1 10year yield highest since july the gop does move closer to tax reform what does that mean for investors . Ge is down sharply after a wider than expected Third Quarter miss slashing the full year guidance, revenue did meet estimates in the release John Flannery said this was a very challenging quarter. While a majority of our businesses had Solid Earnings performance this was offset by the decline in power performance in a difficult market. Stay tune for david aegs exclusive with flannery. Talking with squawk about this what are your thoughts is this below 22 yeah, i actually confronted jim immelt with many of these particular issues in my last interview with him and he was very much in denial these things would occur. I point that out because today is flannerys day. This is not a report card on flannery it is a statement that says heres all the things weve done wrong. I think they did very ill advised accounting in turbines and the key phrase here is that ge capital might have