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Inventories are today. 11 00 a. M. This morning. Hillary Clinton Holding a News Conference in the next few moments. We will take that live. When it begins. Road map with apple unveiling the iphone 7, will the new features boost the companys product cycle. Getting a downgrade from wells this morning. Hp enterprise shares falling despite what was an earnings beat, servers numbers perhaps a concern. Ceo meg whitman right next to us here at post nine. And b of a Ceo Brian Moynihan said more cost cutting is coming. First up apple hoping the newly launched iphone 7 and 7 plus will revive slowing sales. The features include longer battery life, higher resolution cameras, Water Resistance and, of course, the lack of that headphone jack. Meantime wells downgrading it ....
Crude Oil Prices Last week was a big mover for oil prices up by over 3. 50 by the end of the week. Wti up another 1 . Youre getting close to 49. Right now its at 48. 74. Here are the stories we are watching today, its a busy week for economic data. Today we have september isf manufacturing, august Construction Spending, september auto sales. And tomorrow we get the Paychex Small Business index. On wednesday we get the adp employment report as we always do and the ism services index. On thursday we get jobless claims, weekly jobless claims. And on friday we close out the week with the september jobs report again. Not again for september jobs report, but another well, again if you talk about last years fast and furious. It went quickly once again. Here we are counting down to the its the ultimate release be ....
We read the tea leaves on the data thats driving down the market this morning. Cbs and time warner are on the move both after reporting earnings. Were going to dig into those quarters. Well also talk to cbss chief executive. Tim cook calling the u. S. Government dysfunctional on mad money with jim. Well hear from the apple ceo and dig in on what last nights primary results may mean. Stocks are poised to open lower a day after falling to their lowest levels in three weeks amid concerns about slowing economic growth. Speaking of the economy, data from adp shows the private sector added 156,000 jobs in april, that is below consensus and marks the smallest increase in three years. 156, we were looking for 196. And everybody wants to know, jim, what this might mean for friday. Yeah. I think that were back into a mode which says this roving bull market that weve had in cyclicals maybe give that a break. Go back into the clorox market. Remember, it is just bull, bear, bull, bear, we rotated o ....
Japan was closed. Oil coming off the best week since august. Bond markets are closed. This morning its the largest tech deal in history. Dell agreeing to buy emc for 67 billion. You will hear what ceos of both companies told cnbc. We will hear where things stand now with inbev and san miller. And twitter planning companywide layoffs. A big move from newly installed ceo, jack dorsey. Dell agrees to acquire emc in a cash and stock deal valued at 67 billion. Transaction includes a special stock that tracks the performance of emcs stake in vmware. Michael dell will lead the combined company. He talked about his future plans this morning on squawk box. We are focused on in the first 18 to 24 months, a significant reduction in the debt, which will come from certainly the cash flow of the combined companies which is quite powerful. Some cost synergies, but importantly the revenue synergies here are about three times larger than the cost synergies. As we said, biggest tech deal ever. Biggest p ....
Bank warning the fed not to hike. Oil is just a tad lower. The road map has the rally continuing this morning. Plus the september date has arrived for apple. A new iphone, ipad, apple tv, can it help the stock going into the Holiday Quarter . Next big short. Why one Natural Gas Company is, quote, a disaster. First up, futures are arise again after the dow closed up 390. The nikkei surged up 7. 7 . And shortseller, continuing to sell the alarm on his bet against china on squawk. The chinese economy, since i was on squawk in february of 2010, was growing at 15 , nominal. Its now growing at 5 nominal. 7 real, 2 deflation. It has been going down in terms of the economy by 2 a year. Thats going to continue. The model is broken. Chanos reiterating his message, that is the economy is still 50 . Investment driven, and as the economy slows down, he sees a credit event where they ....