Brian . Thanks. Im Brian Sullivan at apples 5 billion headquarters in cupertino. Probably a new iphone, maybe a new tv product, a new watch. Could there be surprises we dont know. A lot of questions well get answers in a moment. Michelle going to be exciting. Im Michelle Carusocabrera at the alpha conference Tyler Mathisen is with me, too we have been speaking with important investors in the world. We are going to bring what they said coming up in the next two hours on power lunch. Melissa, back to you lets check the markets and keep up on the rally stocks are mostly higher s p 500 hitting record highs nasdaq has been digging in and out of record territory. The dow would be higher if it were not for mcdonalds. They are down 3 because they will report below consensus estimates. This cites, specifically, the storms harvey and irma we want to point out gold mman sachs up about 2 and Apple Holding steady as they kick off their event in cupertino lets get to brian at apple headquarters we h
Drama in the Health Care Sector today. That group was the worst performing sector in the s p 500 on growing uncertainty over the republicanled health care bill, as senate gop leaders were looking to nail down final votes on their effort to repeal the Affordable Care act. Unitedhealth was a big drag on the blue chip dow index as a result today. But then just after midday came that statement from senator john mccain that he would vote no on the measure. That followed reports that fellow republican senator Susan Collins is leaning against the bill. And with the chance of passage declining, stocks moved. Health insurers including unitedhealth pared some of their losses and finished mixed. Hospital stocks got a lift by the end of the day. And the Dow Jones Industrial average lost just nine points, well off lows of the session, closing at 22,349. Nasdaq added four. The s p was up one today. And then theres apple. It had a rough day, capping off a rough week, its worst in the last year. The l
I know were out of time but could you address the question with you would take a fresh look in terms of fbi regulations about other parts of market coverage . Thank you for your letter which i read last night and i agree with you that we need to look at those other important venues in our equity market system to see if they should be reporting on the same basis and as you raised in your letter, whether the public has enough information about which entities are subject . Important we get the information out because responsible entities can vote and move to areas that have this minimum protection in place. Rounds. Good morning. Some of my colleagues have raised the issue of cyberattack, the Electronic System filing corporate disclosures. This incident occurred before your nomination and confirmation but i would like to hear your thoughts on what this incident might suggest about broader posture regarding cybersecurity. It is difficult for any one agency to protect against these intrusion
Jay clayton testified before the Banking Committee about a data breach at the agency. He answered questions about the Security Breach at equifax. Today, we will receive testimony from securities and Exchange Commission chairman, jay clayton, regarding the work and agenda of the fcc. Thank you, mr. Chairman, for attending here today. Oversight of the fcc is a critical function of the committee. We have an important threepart mission, to protect investors, maintain fair, orderly and efficient markets. No one part of this mission is more important than the other. The scc increases transparency and trust in the u. S. Stock market providing investors with the information they need to make informed Investment Decisions. It helps investors artis pate on a firm footing to participate in college, retirement or other lifechanging events. It is critical they fulfill this mission. At the same time, scc must be cognizant their work may carry risks to the investors it seeks to help. I commend you fo
Quiet Chester County community and we have the latest on the investigation. Also, a renewed call to rename 30th street station for a former philadelphia congressman. But the big story is the investigation into a stabbing during the busy rush hour. We are live at the scene with the details. Reporter rick, this man suffered a horrific death. It happened earlier this morning. I want to show you where this is, across the street from the free library and not far from the Franklin Institute this is where his body was found lying in a pool of blood and open play area where children and family gather. Andrew says he was getting coffee at wawa and saw two men approach a woman. I didnt think it was serious she was laughing and jovial. And suddenly the number of officers swelled to more than a dozen. I thought maybe it was shoplifting but then in a few minutes. 15 to 20 Police Officers showed up in various vehicles and they took him away. At 7 45 this morning a man in his 50s was stabbed multiple