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Low. Shake shack and tesla both getting slapped with downgrades. Star bucks raising prices but coffee addicts keep chucking. Well talk about why. First up it is the sign of a resilient u. S. Stock market. Eurozone officials are meeting today pushing for new reform proposes from the greek Prime Minister. Banks and stock markets remain closed. Pictures of people waiting outside the banks. Pensioners trying to withdraw some money. There is a sense, has tsipras built Political Capital post referendum in. I think that merkel is making a stand. Theres really good articles today about how merkel has emerged as being pretty much a dictator. And the wall street journal writing a story this morning about germanys rise in power over the last eight years. Its going to make it so it doesnt look good for tsipras. This dollar being strong earnings season starts tomorrow carl. Cut numbers ....
Five, it is still at 150 Miles Per Hour winds moving west northwest at 60 Miles Per Hour. It is taking aim at south florida late saturday in between key west and marathon in miami. Some of the updates will be coming in shortly. Low clouds and a big surge on the bank here. Its the first 50s for much of the San Francisco that theyve had in a long time. Near 60, but this is cooler than 24 hours ago. A lot of 60s but you can see anywhere from 4 to 6 to 7 compared to this time yesterday, that the airport is down five as well. Low clouds will burn off sooner today. 70s and 80s on the thames near average to slightly below. 7 a one, anything new or is it just moderate . It is going to be moderate. In other areas as busy as normal. We have a mixed bag out there as we go out to the bay bridge toll plaza. You can see the traffic bac ....
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 ....
Taxes and nuclear topping the agenda as candidates stake out their campaign ground. Sayse the baidu President Donald Trump is bad for the world. We hear exclusively from chung. Let us show you the reaction to what happened last week to the move on the reserve rate in china. Happenedou what has because we have Smaller Banks with different reserve ratios to the larger ones. It could boost the confidence of investors in china. Not to say china is turning to easing policy but there is a vast improvement. One of the strongest Central Banks can execute some easing when required. You can see this as the reserve cut is taking place. Interest rates, 4. 3 , way above 1. 75 interestts rate there. Inflation at about the same, about 2 . Releasedhe pboc september new lending today. That is what we are looking for. Paul allen has ....
Affective ad campaigns ever it. It was we try harder. It was for avis. It was behind hertz and not afraid to admit. That they went from a money lose tore profitable overnight and came close to overtaking hertz. I thought of this battle as a notice a marketing push from lyft, it is the second largest Ride Sharing Company behind uber but uber has a reputation as a bully. A company of tech pros. Watch this commercial from lyft. The guys in gray are from uber, even if the ad doesnt admit it. Miami, chicago, seattle, look at them in seattle. Why are all of the lyft drivers so happy. Because they let passengers [ inaudible ]. It is gross. I heard them paid over 100 million in tips to their drivers. Why would they do that . They use the extra money to g buy gifts for their family. [ laughter ] second place lyft is positioning itself as the good guys, the company you could trust. The company you could trust to take your dear grandmo ....