Target to an a rating following weaker sales caused by the massive data breach. Mf global is suing pricewaterhousecoopers for 1 billion. Mf blames its bankruptcy on what it calls erroneous advice. Pricewaterhouse tells First Business its disappointed in the claim, and regulators found no errors. Northwestern university prepares to appeal by april 9th. The decision by the National Labor Relations Board to allow the schools Football Players to unionize. And mcdonalds will soon offer free coffee for two weeks to perk up its breakfast business. Trader Phillip Streible of rjo futures joins us on this monday morning. Good morning philip. Good morning to you. Today marks the last day of the quarter for trading so what do you expect from the market . A lot of it has to do with a lot of sector rotation right now. Weve seen the equity market start to come off in the last couple of weeks. I think that traders are going to be a little more defensive. Remember when we had such a big runup here in 2
Well get more on all of it. An rue, apple reported report earnings. Strong iphone numbers,. Apple shipping nearly 40 million iphones and with a 16 year over year and better than analysts estimated the rt yeaher including only about a week or so or iphone 6 sales, but cook telling me demand so far for the new iphones has been, in his words, off the charts. Here is what cook told analysts on the call. Today, weve launched in 32 countries, including china, and our new iphones will be shipping in 69 countries and territories by the end of this month, making this our fastest and most successful iphone launch ever. Another high lie of the quarter, mac ships, the best in the history of mac. So what didnt work . Ipad clicking in at 12 million. That was a 13 drop. Consumers dont buy ipads as frequently as iphones and its increasing competition with smartphones from bigger screens. Looking ahead, coke is bullish on his companys prospect. I think this will be the best Holiday Season we have ever
Substantial. The nasdaq composite is up half of 1 . The swing is not even 100 points. We started off in the red and now we are in the green. We got in home prices that rose the fastest in seven years. This group is doing really well. Kb homes up 7. 7 . We saw double digit Revenue Growth for kb homes. Back to you. Lori thank you, nicole. Gaining 12. 4 from a year ago. There are some concerns about the home price gains peaking. Adam news alert for you, Eric Schneiderman seeking the help of washington, d. C. To help prevent highfrequency traders from getting information earlier than the rest. They paid thompson and reuters for that information. Speaking at the bloomberg market, the attorney general had this to say. We are seeing something far more insidious than insider trading. Small coop of powerful groups inside the market are able to use soon to be Public Information combined with highfrequency trading. Adam he says regulators face several challenges tracking and preventing these. He
Japanese officials are shoring up their computer defenses as hackers go after top secrets. People who hoped to see the president s of the u. S. And iran meet at the u. N. General assembly this week have been disappointed. The muchtalked about encounter between president obama and rouhani failed to materialize. However, the two countries are maintaining their momentum. Their Foreign Ministers are due to meet on thursday for the first time in six years. A highranking u. S. Official has revealed the u. S. Tried to arrange a meeting between obama and rouhani. It would have been the first president ial encounter since the severing of diplomatic ties more than 30 years ago. But the source said iran declined on grounds it would be too complicated. Irans Nuclear Program continues to dominate the relationship. U. S. Secretary of state john kerry and Iranian Foreign minister Muhammad Zarif are scheduled to attend multinational talks on the issue. Theyll be joined by five cabinet members of the u
Were not searching for a needle in a haystack, were still trying to define where the haystack is. Thats how australias defense minister describes the search for flight 370 in the remote indian ocean. Want to bring you cnns saima mohsin from kuala lumpur and will riply in perth where planes are getting ready to take off, we hope. Saima, first to you. What can you tell us about this socalled International Working group, a group that the malaysian government is now forming to help narrow the search area . Whats involved here . Reporter well, wolf, that still remains a mystery. Thats all theyve told us so far. As you know, we get very Little Information in these press conferences, which is amounting to a lot of frustration for a lot of people, including us trying to report this story. And, of course, more importantly, the families that are involved in this. Now, what we know is that this working group will be heavily reliant on the data that particularly countries like the United States an