Charles schwab is expected to buy ameritrade jim as you noted on twitter, the unprecedented influence of robinhood. Yeah, look, when youre out here, you realize there are players. David talks about them a lot, including softbank, theyre fun organizations with no real growth path for earnings a fabulous growth path for revenues this robinhood has been an incredibly well funded sensation particularly among the younger demographic. Its very hard to fight a company that will you play for free and thats exactly what disrupted this industry was Venture Capital money. Think about it, its been a stable oligothic for a while. Why not surrender to schwab . This makes so much sense now schwab will be the largest asset gatherer, incredible machine. I this i schwabs store, we dont know the ratio, this deal done makes schwab go up a lot more than its up right now. David, lets talk about this deem we got some paypal news as well. Mna is getting a bit spicier as we get to year end yes this would be a
Commentary plus back off the worst day and week of the week, the Company Reportedly looking to boost its efforts in a. I and elon musk and Mark Zuckerberg seemingly agreeing to that cage match, but some hurdles still ahead. Lets begin with the markets. The s p, nasdaq, as we said, coming off their worst week since march, jim that reversal friday didnt feel great. Oh, my. It took your breath away and i was watching them just saying, what happened . Is there some event . Did something happen that was exogenous . But then again, look, lets remember, bonds having a nice move today they were down 36. Now theyre only down 11 i thought that friday was one of those days where people just said, okay, weve had a great year now, lets just sit here and sit on our hands and that was what i was thinking to start my show tonight is to just sit on my hands, and i may do it. I just felt that weve made a lot of money, and maybe thats what were going to make for a month. Youve been pretty leery of this p
End down today, it will probably still be a strong july wall streets eyeing what would be a fivemonth winning streak thats very impressive. It is we have some downgrades today on the research front. Ford, ge, csx, u. P. S. , salesforce, thats just a few. We will dig into some of the reasons why. And twitter left its heart in san francisco, but elon musk saying the newly branded company, x, will still call that city home despite its downward spiral, as he says ill be out there next month. You will . Well, september, for dreamforce oh, dreamforce. Im a big believer in the city, and i was out there in september and was i dont want to say i was horrified. But its mnot the city that i remember were going to talk more about that, but i want to get to the markets as we start our coverage for the week. Today is our last day of july. As we said, fifth straight month were coming off what was a fairly strong week sure. And what seems to have been generally speaking, and of course, we got a lot mo
You just heard scott talk about that. Youll see it right here. We begin with the markets. Dom chu has those markets. Dom, good news. Maybe some good news over here, deidre. Take a look at this. The markets are green across the board for all the major indexes. The dow up about 0. 2 of 1 , 39,229. The s p 500 up about 18 points, 1 3 of 1 gains there. Tilting towards the higher levels of the session. We were up 23 points at the intraday points and down 11 at the lows. So theres your range in context for the s p. The nasdaq composite, the tech heavier index, up one half of 1 , 16,322 for the nasdaq. Up about 82 points. One of the key stocks helping is a bounceback were seeing in tesla stock. Up about 2 3 of 1 right now, 168 and change. Remember, trying to bounce back from those disappointing delivery and product production numbers from yesterday. A number of analysts with some price target cuts. But shrugging that off. The shares trying to get some kind of footing above that 165 market. Th
Blow to the worlds biggest tech company. Were going to start off with football fans breathing a sigh of relief ahead of Aaron Rodgers new york jets debut. Disney and charter inking a deal to end a blackout that was keeping espn and all of disneys cable linear channels blacked out for all spectrum customers in new york and around the country. Shares of both stocks higher today, but who came out on top in this deal . Cnbcs julia boorstins got the latest. Julia . Well, melissa, sources on both sides are describing this as a winwin. Disney and charter calling it tron t transformative, and gives new appeal to charter tvs business, wheel at the same time, increasing the reach of disney with ads. And also, disneys payment for that app. Now, disney ad supported tier will be included in spectrum packages, what they call a wholesale arrangement for all of spectrums video subscribers. Espn will be included spectrum tv select plus video packages. When espn plan ching its direct to consumer flagshi