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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 ....
Excesses of capitalism so that it doesnt run a muck. It doesnt mean anything if all of the new income in wealth is going to the top 1 . The largest u. S. Ipo of the year, first data prepares to price its ipo in a listing that hopes to raise 3 billion. Yes this is the start. The Big Bank Earnings from wall street and a bad omen to kick it all off with disappointing results from jpm. The largest bank by assets. Revenues missing forecasts. Profits were lower in really three of the four key businesses for jpm. Total net income rising 22 but this was thanks to a one off tax benefit. The ceo saying the bank chased a challenging Global Environment and hes promising to cut another half a billion dollars off of jpms costs. Now other financials and also they will report numbers later on today. Yes that includes bank of america, wells fargo due out after the bell. Dpoeld man will ....
Falling short yesterday. Adp helps, up 281,000, above estimates, strongest number in almost two years. Tenyear yield crept up to 26, two days in a row now, the fed may fall behind, and yellen speaks at 11 00 a. M. , and u. K. Home prices surpassing the 2007 peak. Road map begins with dow 17,000, index closer to the landmark. Will that better than expected adp number get us there . Dimon diagnosed with throat cancer plans to run the bank as normal during treatment. Google buying songs for an unus closed amount. Gopro going negative. Stocks setting up for the first down session since going public. Dow inches closer to 17,000, new record, and s p and nasdaq at new highs, adp surpassed expectations ahead of jobs thursday, tomorrow. Improving by 281,000, estimate was 205. May unrevised. Economists do not tweak models on adp anymore because of new methodology, but its better than the alternative. The surface jobs, well, where were they created . I dont see them in retail. I dont see them in ....
I am sure this decision will not haunt you forever. Sttart dagen and connell, it is yours. Dagen what is going on with House Republicans . We are live on capitol hill. Why the gop cannot get it act together. Connell walmart with quite a recruiting all for today. Any returning military veterans who wants a job can have it. Why this is just a great business move how much of the 100 million fortune could he lose. Access to cash may be imperative these days. Connell lets start with nicole petallides. Good morning. Nicole good morning, dagen and connell. The Dow Jones Industrials down right now. The nasdaq and s p also lower. The nasdaq is down about. 5 . We continue to watch apple. That is one of the names that is a laggard. Hewlettpackard, american express, a few of the names coming under the pressure. The debt ceiling remains in focus. It is earning season. Lets take ....