He is expected to arrive at the president ial palace for a meeting today. That is a big announcement by the way. A major speech on immigration policy. They hit the battleground of that today. Incoherent immature. Adding the endorsement of another push. They will break it all down for you. Plus america scoring a big win over isis. An airstrike in syria. Why is john kerry think we should keep it hushhush. The fight of the epipen prices. They call it exorbitantly expensive. When Health Insurance extras can be here exclusively to tell me if they can lower the price if they want too. We can have the latest on the tax bill. And they break it out. The latest attack. We are less than an hour to a closing bell. Lets start the countdown. The last trading day of the month of august and here we are as we approach the closing bell. We are on track to close out the month of august. They are calling it a calm month. Getting a rock today. It is surging. Taking a look at the stock right now. The stock
This is a company prone to cycles when they have the new phone coming out. Thats when the stock tends to do well. When theyre on the backside of that or theyre into an s model it hasnt done as well. The key here for shorter term traders is 93. That is a level that the stock has bounced off of. Six times in the last couple of weeks and thats where the buyers come in. If they dont the name could be in trouble shortterm. I found you find no compelling reason to own this stock. No compelling to own and no compelling reason to sell. There isnt anybody out there that doesnt know the apple story and what just said is apple is prone to cycles. It never used to be. It used to be a straight growth story. Growth after growth after growth. You dont think 28 off the 52 week high is worthy enough to buy the stock . Why is it going to go. I just dont see the catalyst. When im looking at a stock i want to know who is going to come in. Yes its a great value and yes its a great brand and i even like man
Weve got an allstar team lined up to get you the numbers, and more importantly, what they mean for stocks in the broader market. Stay tuned in about an hour when the action heats up. An impact on tomorrow, without a doubt. You know the saying buy the rumor, sell the news . When it comes to bill ackman and his reported takedown of herbalife today, it was more like sell the rumor and buy the news. I mean, big time. His presentation didnt tank the stock, as expected, it did just the opposite. Herbalife is surging right now by 18 . Why does the market think that hes so wrong about this company . Were going to take a closer look at that. Its an intriguing story. It is. Now, lets look at where we stand in the markets. The s p 500 at 1,982 is currently three points away from trading at an alltime closing high. Now, the Dow Jones Industrial average not far behind. Its at 17,110. Its High Water Mark is 17,138 for the close, 17,151 for the intraday high. And finally, the nasdaq doing reasonably
Investor john calamos here with his take on what investors should be doing right now. Could apple help pull this market out of the funk. Apple due out with earnings at 4 30. Well have the crucial numbers the moment they cross with the analysis they need. Apples results will be watched closer than ever. Regardless, it will have a huge impact whatever apple does because of the size of that company. It will have a big impact on markets tomorrow. Lets look again at this hour of where we stand. The tenyear u. S. Treasury yield is pretty flat. As a result earnings moving the indexes to some extend. We have caterpillar contributing in the range of 40 points to the dow which is up 47 at this hour. Take a look at the nasdaq. This the underperformer today and its the social media names which we have to watch. Its off about 0. 4 or 16 points. And the s p 500, as mentioned, is fighting to return to positive territory. You can look there at the chart and see this turnaround weve had since midday. L