Authorizing a big buyback. A big move in oil after what has been volatile week. The tenyear crept up to 1. 93. Reroad map, blockbuster news out of General Electric selling the bulk of g. E. Capital, 50 billion buyback. Stocks up 7 in premarket. Well get fabers exclusive with jeff immelt. Apple watch preorders began at 3 00 a. M. Large lines absent this goround but online models not available until june or july. What does it mean for sales at apple . Retail moving in premarket. Gap down 2 despite posting stronger than expected march sales. Stock futures are edging higher here all hail to the power of qe abroad nikkei surging past 20,000 for the first time in 15 years and equities in europe are now at a new record high. We will start with our news of course involving General Electric, released this morning at 6 30 a. M. The Company Effectively exiting the Financial Services business. Something that will take place over the next couple of years, as disposes of many of the businesses withi
Yield, no, we dont have negative rates the way they do in some places in this world, which still is an amazing thing but you dont get a lot when you loan your money to the u. S. Government for ten years 1. 863. The road map, megamerger kraft and heinz agreeing to merge with the help of Warren Buffett and most importantly 3g capital creating what will be the worlds fifth largest food and Beverage Company. I think Third Largest theyre saying in terms of Food Services or food products. Plus, dow futures pointing to a flat open this morning after an unexpected drop in durable goods for the sixth month in a row. Shares of merck, up in the premarket. Drugmaker announced it will increase its share of buyback by a significant amount this after good results yesterday on a potential melanoma treatment had the stock up. Start off with of course the heinz kraft deal. Unexpected deal structure, perhaps, for a name that has been rumored a bit. That is that heinz 3g Warren Buffett, are essentially ta
Our map goes Something Like this. A lot to talk about. We will start with a stunning quarter boating estimates on the top and bottom line. Company increased capital return. Over 60 million iphones. It looks like apple shares will open at an all time high. It is a busy morning of earnings as well. Shares of merck, pfizer and Bristol Meyers all moving higher in the free market. Numbers from ford disappoint. North america the bright spot. The Company Continues to lose in south america and if europe. We will interview the cfo bob shanks a little later on. Apple poised to open up 33 if profits. More than 61 million iphones were sold. Revenue in china grew 71 from a year ago him apple boosting the capital return program. Tim cook on last nights Conference Call. Take a listen. We are in the very fortunate position of generating more cash than we need to run our business an keep making these important investments. So today, were announcing another significant update to our capital return progr
Season would start and why mike duke is leaving years before expected. He hasnt been there but since 2009. His predecessor, lee scott, 2000 to 2009. It seems like a shortened period. Also, as someone who follows retail closely, this is not the time to change horses, so to speak. At the same time, i am sure this company will, without a doubt, say it is seamless. I want to hear from david, that there is nothing pertinent that would make it so this seems wrong. I dont think it is right. David, you do know mcmillon well. What can you tell us . I spent a good amount of time doing our last document on walmart, which has to be about five years ago. Then, there was a lot of speculation he would be the next ceo. I remember distinctly discussing it with him. It did make air on the documentary, that idea. He was running international. We spent a couple of days together in china. Certainly, wellschooled in international, had run, i believe, cosco prior tco, prior. You mean sams club . Sams club, e
The highest since may 2011. The breadth in europe is very, very strong. Our road map begins with the markets. Stocks are set to start at another high since the dow is working on its best years since 96. Flights were deeply discounted at delta yesterday, including a crosscountry trip to hawaii for only 68. Delta saying it will honor fares. And shares of twitter have been an absolute tear until today. The stocks falling nearly 3 in the premarket. Has the blue bird flown too far too fast . Markets are set to open at another record high, the dow having its strongest sixday streak in three years. The transports, the s p, the russell also joining the party, logging some more record highs. Guys, we had our 50th record on the dow yesterday and the nasdaq is shooting for its 13th friday higher. So theres just if youre a lover of the candy that are market statistics, theres a bunch to play with today. There certainly is. I find interesting the article in the journal today that says this year the