Nasdaq is a fractional mover first a story new at noon today. And my reporting on a short seller who has targeted the medical device makerwn 14 after Quintessential Capital Management and its principal released a letter it sent to the fda alleging the companys primary product, the flex cathet catheter has a known safety risk and can cause death. On november 10th a letter said the device is structurally flawed and prone to malfunction. Its alleged 13 deaths and 80 injuries are because of that device at that time the company responded to the original allegations saying, quote, we have full confidence in our product, which has been used in tens of thousands of cases to successfully remove clot from ischemic stroke patients they updated instructions for use in accordance with procedures that follow quality regulations and other international standards. Thats just one part of the story. In addition to todays letter to the fda, quintessential also released a new short report containing anoth
[moment of silence] [moment of silence] [moment of silence] [moment of silence] [moment of silence] [moment of silence] [moment of silence] [moment of silence] neil we have just completed what is one of the longest moments of silence ever recorded on the floor of the New York Stock Exchange, 8 minutes, 46 seconds to indicate aicers knee before he ultimately died two weeks ago. This being simultaneously recognized around the world as exchanges in towns, protests all stopped in their tracks to honor the victim who is now become a cause and a big cause at that. Already we heard from new York Governor Andrew Cuomo says hopes to move rapidly on legislation that will reform the Police Forces in the state of new york. There is a similar move afoot to do the same on the federal level. Some going so far as to advocate totally defundings Police Forces all together. They are a minority of the Progressive Movement but a powerful and vocal element within that call to change business as usual within
Asia a new benchmark lending rate, 4. 25 down from 4. 31 that help stocks early in trading and the hang seng and shanghai gave up those gains. Hang seng down by a quarter of a percentage point stocks in japan were higher. The nikkei closed up by just over half a percent. In europe with the early trading taking place youre going to see that at least the three major averages are in the green right now. Germany just barely. Its just above the flat line but the cac is up by a quarter of a percent stocks are weaker in italy and spain and then if you check out the treasury yields here in the United States, this again is what the market has been watching so closely. Those yields lower today the ten year note sitting just below 1. 6 the two year at 1. 518 and the 30 year bond is above 2 but just barely 2. 04 . Home depot reporting 317 a share. Thats above 308 thats what the consensus is however the revenue indicated 30. 984 and its at 30. 8. So the stock is indicated at this point down a littl
Set to begin in about 30 minutes. Mexico had said it would present a comprehensive proposal to the United States delegation, though it has said it will also reject a u. S. Proposal for mexico to accept all Asylum Seekers coming through from Central America that is something that the white house has floated before, but mexico has now called it a red line so well see exactly what, if any, sort of compromise the two sides can reach. Were running about a half an hour behind today. The meeting originally set for 3 00 p. M and mexico is expected to have a press conference this evening at about 6 30 President Trump himself touched down at his golf course just about 90 minutes ago im told hell be briefed at the end of this meeting. But earlier today when meeting with the irish Prime Minister, he expressed a little optimism of his own they have their entire delegation right now going over to probably the white house location, but to negotiate with our people its headed up by mike pompeo and Bob
Settlement, what it means for the future of iphones and 2020 race, President Trump predicting the democratic primary race. Twitter changes jack dorsey suggesting big twist. Find out what it is and users are revolting, mornings with maria begins right now. Maria welcome back, futures pretty strong, s p up 5 and 3 quarters, nasdaq up 20 points. We did have news out of china overnight, better than expected growth in firstquarter Economy Numbers and sales better than expected. Chinese market overnight, shanghai composite a quarter of a percent. Nikkei averaging up quarter percent. We are, of course, watching earnings, thats been setting tone notably, we are waiting on the numbers from pepsico, we want to look at earnings in terms of Growth Numbers because so far things have been better than lowered expectations, netflix also reporting First Quarter results beating on earnings per share, streaming giant gaining subscribers abroad but reporting lower domestic growth. Cfra media analyst, plea