New model three ahead of tonights unveiling. The line is longer for the tesla 3 than it is for the apple se today. Well tell you how to play the tesla announcement without buying tesla stock. Thats coming up a little bit. I did see pictures of people with tents popped waiting to sign up for teslas. Lets start with the digital disruption facing our nations banks, hours ago the u. S. Controller of the currency sounded the alarm on the risks Financial Technologies pose to banks saying what were trying to encourage is responsible innovation. This coming just as citigroup is out with new research claiming that the Banking Industry could lose up to 30 of its jobs in the next ten years due to the rise of Financial Technology companies. We turned mike santoli on this following the story. What did you find . Both of those things you mentioned, the concern about the rapid growth and unregulated areas and potential loss of jobs is because theres really been this gold rush of Financial Technology
York times reporter. Welcome to everybody. We have a lot to get to this morning. A strong rally in the market but shares of am in the green after getting upgraded to outperform. It comes as the stock officially exits bear market territory. Meantime, now that the government has hacked that iphone without apples help the company is trying to figure out exactly how to fix the flaw and what comes next. A report says apple could consider forcing the fbi to reveal how it did it as part of an on going case in new york. A lot to work with here but lets start with apple stock. We were watching it to exit bear market territory yesterday. Theres the Morgan Stanley note about iphones a couple of weeks ago. What do you think did it . People might have come to their senses. What was it doing below 95 anyway. Its not like that much has changed. They came out with the iphone se is that going to change the overall trajectory of the iphone. Were not sure what the Gross Margins will be on that. People ha
Months in five years. What a reversal to open up just over 100 points. Now lets move on to whats happening overseas, particularly the atlantic sea. The german franks and the ftse. The 10year treasury note, lets take a look at that. Yielding 1. 83 . Not a big move there. Crude oil, man, up one day, down the next. We had a drop yesterday. Now were up 2. 5 . 39. 15. Crude oil kind of stuck in that 35 to 40 range now for a couple of months. Something to be concerned about. Our roadmap begins today with what else, janet yellen sending stocks to their highest closes of the year yesterday. What you care about, where do we go from here. Many people are still waiting on the friday employment datatoo come out. Were going to see two components, boeing and ge and well let you know what theyre doing and why. And apple. Theyre climbing out of bear territory, but the saga from the fbi far from over. Weve got to the very latest. But the meantime, the big story, your macromarkets, theyre poised to cont
First up the iphone se and new pro now available in apple Stores Across the country. Josh is outside one of them in palo alto. How is it going. As you can see its pretty quite still here in downtown palo alto and another sign of that expected muted reaction apple stores will be open at their regular times today but we should keep in mind that for apple the se is targeting a different consumer. Apple did sell 30 million iphones last year. The hope is they now give some of the people a reason to upgrade and also with the starting price of 399 it could also appeal to more price Conscious Consumers and theres also the new smaller version of the ipad protoday. For our audience, for traders, for investors, the ipad is no longer as financially material as it once was. It now makes up 10 of the countrys revenue but whenever i talk to tim cook he remains confident in the product and the ipad and does believe theyll continue taking more and more share in the work place. Look at apple stock. They
Im sara eisen. And im wilfred frost. Its Throwback Thursday. Were throwing it back with some onehit wonders. Mambo number five playing there. I forget who sang that. Lou vega ive just been told in my ear. Im pretty sure in the u. K. They had more songs out. That would still be a onehit wonder if it didnt make it over here. No offense. There we go again. America is better than britain. I agree, sara. Happy Throwback Thursday and last day of the First Quarter. Indeed. And some great onehit wonders coming up. I know we cant talk about that the whole way through. But i am excited. Well switch to markets and have a look at u. S. Futures. Are we going to end the quarter higher or lower . Well, today at least were expected to take some of the positivity weve seen in recent weeks off the quarters performance. The dow is expected to open down by about 26 points. The s p by about 5 and the nasdaq by 10. Lets have a look at european trade today. Very much in the red as you can see. Germany down 0