Alibaba sliding as growth slows to a three of year low. Macys volatile ahead of the estimates. Well have comments from the ceo who was on squawk box. Thats coming up with us. And getting ahead of cisco ease first report. First up, futures are down following tuesdays sell off off the lows of the morning. China devaluing the yuan. According to reports china intervened in the final minutes of trading. We got to some interesting levels. Fits in with what youve been saying for a long time, jim. These guys know what theyre doing and theyre doing it systematically. They have to. Theyre an export nation. When they came out its interesting what happened. When they came out, it was like it broke up the chatter even at the club. Thats how important this was. People werent necessarily all financial guys. Then monday is nobody is paying attention . They have to cut. I was waiting for germany to be able to fall. They sell bmw, mercedes. This is a big market. I was shocked. And the germans are still
Choice. Will be so good for detroit. We will also give our police and Law Enforcement the funds and support they need to restore law and order to this country. Law and order. [ cheers and applause ] thank you. Thank you. Without security, there can be no prosperity. Without security, there could be no prosperity. We must have law and order. We must have law and order. [ applause ] and by the way, our police in this country are really unrecognized for the incredible job they do. Thank you. [ applause ] in the coming days, we will be rolling out plans on all of these items. One of my first acts as president will be to repeal and replace disastrous obamacare, saving another 2 million american jobs. [ applause ] we will also rebuild our military and get our allies to pay their fair share for the protection we provide to them, saving us countless more, billions of dollars, to invest in our own country. [ applause ] we also have a plan on our web site for a complete reform of the veterans ad
Dow. Y. 5 , as is the health care is the only group in the green. Rest the tearye reading as the day has gone on. Telecom down big today on verizon earnings, utilities taking a hit. Staples as well in financials, the biggest racks we have seen at the moment. And financials, the biggest drags we have seen at the moment. Under armour beating estimates. Citrix systems also beating estimates and Union Pacific coming in, cutting costs nato costs innt cutting a tough environment. United airlines sang passenger revenue for each seat flown onemile will continue dropping. Those shares often percent. Saw a decline resume last quarter. Off 10 . Shares what else has been moving . Julie oil has had a volatile session along with the currencies on the ecb, on Mario Draghis commentary. You see of bouncing around. You see it bouncing around. Mario draghi talking about patience. News, viacomaking and dish resolving their differences over a fee dispute over which dish Network Subscribers would be able to
The lows of the session. Now, the nasdaq remains the outperform of the day. The dow and s p are both down 1 2 of 1 . I was looking at the biggest drags on the s p. We see verizon as the biggest drag, the Company Coming out with earnings that matched estimates. It says secondquarter earnings might be deeper. Those shares down 4 . At t also down, along with verizon. Koch falling for the second day after coming out with its earnings report. Going all the way back to 2009, on concerns about a secular decline in the soda business. We are also looking at qualcomm, and the Ripple Effect it is having on apple. Commentsording to some that qualcomm made, are being interpreted by analysts as saying apple might be going in a new direction for an iphone component that connects it to the internet. That is something that qualcomm makes for apple. Apple is also lower. Raymond james saying that iphone unit estimates for june and september, those two quarters, will be lower than previously estimated bec
Regulators before its put out for Public Comment and adopted. Now this is a proposal from 2011. The rule being proposed today mandated by doddfrank and deals with incentivebased compensation at a wide range of financial institutions. Here are the key elements of this reproposal. First of all, it mandates that 60 of incentive pay for Senior Executives and significant risk tears at firms with more than 250 billion in assets, think the big wall street banks, this pay be paid out over four years. These executives at firms with 5 50 it 250 billion in assets have to wait three years. Wall street firms defer this pay for three years. But for a Smaller Group of executives. Second, this new proposal includes claw backs at firms with more than 50 billion in assets, Senior Executives and risk takers will be subject to claw backs looking back seven years if they engage in conduct including misconduct, fraud, or financial misrepresentation. Lastly, were with firms with over 1 billion in assets they