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Josh lipton is on the ground there with the very latest. Josh. Reporter new products announced today, including a new smaller version of the ipad pro. Remember, apple executives billed the ipad pro as the future of personal computing and said for many people the ipad pro can replace the pc. Take a listen to what apples Paul Schiller had to say. There are over 600 million pcs in use today that are over five years old. This is really sad. It really is. These people yes. To really, really benefit from an ipad pro. Reporter we know that the ipad faces real structural headwinds and consumers moving, for example, to smartphones with larger displays so the question for investors, do they think what was announced here today can change the trajectory of that ipad product line . In addition, of course, we saw the new iphone se, 4inch display and faster chip and support for apple pay and shoots 4k video so who does that appeal to and a lot of ....
Hour. What in the world is going on here. Thats what serve wondering at this point. You always have to wonder going into today who is shorting valeant because they wondered what else could happen. Today were seeing if it closes at these levels it will be the biggest one day drop ever in its history. Its down more than 40 today so you mention that restatement of its guidance on the call. This is something theyre beefing up their financial reporting. Trying to improve their communications but in their press release the next four quarters is going to be 6. 2 to 6. 6 billion. And then on the Conference Call their cfo said it was going to be 6 billion. Thats how it is written in the slides. Somebody tried to clarify and said there is a typo on our guidance. This is the kind of thing that people cannot believe anymore. Now youre seeing analysts saying we thought it was a communications issue. Maybe they were bad at that. Now we have se ....
The crash of a ups cargo plane in alabama. New information coming out throughout the day. The very latest, plus fire sweeping through parts of iota including around several bigname ski areas. They are being threatened right now. Well tell you about that, but, first, to sue at the new york Stock Exchange. Good to see you, ty. Well start with the markets right now. A down day right here on the floor of the nyse. The Dow Jones Industrial average is off 93 points, twothirds of a percent. The s p is off a third of a percent or about 6. 33 point. The nasdaq is down 7. 33 points and the russell 2000 is off two points on the trading session. The tenyear yield is right now up above the 2. 70 range. Were now at 1. 71 . The gold market, after a little bit of a selloff yesterday bouncing back, up number 13 bucks on the day and brent crude is up 17 cents. Apple above 500 bucks in to ....