Overnight in shanghai down almost 4 as the yuan sits near a sixmonth low. The roadmap begins with the markets, the s p starting off shy of the fresh record high and the nasdaq beginning from right around its highest level in 14 years. Home depot is posting quarterly profit above expectations and boosted dividend. Different story with macys and shares slipping after same store sales came in below expectations. And jpmorgan expected to announce job cuts in its mortgage and consumer business. The bulls off to a good start, the dow jumped more than 100 points and closed at 16,207 and the s p hit 1858 before pulling back and closing at 1847. Thats a point away from its alltime closing high. And as we said, the nasdaq reaching a 14year high before closing off its best levels. Jim, you said last night you would try to play the role of the skeptic. I do not like to see the nasdaq at a 14year high. I took to heart some of the comments we said on yesterdays show which is when you Start Talking w
He said microsoft is focused on building the next big thing, but adds that he is open to acquisition. It appears that corporations are not doing enough to fight hackers. A new survey from pricewaterhousecoopers found that the average number of security incidents at an organization was 135 over the past year alone. And 67 of the organizations responding were unable to estimate the financial losses due to the incident. Samsung is holding what it calls a major event focused on health later this hour. No new products are excited to be announced, but samsung is promising to start a new conversation about the future of health. Appleses just before worldwide developer conference next week where apple is expected to unveil a new forecast. Now to our lead story of the day , from search giant to carmaker, google is building more than 100 prototypes of the self driving car. No gasf this car has pedal, no breaks. It runs on software. Potential about the at a conference. Take a listen. The reason i
Sea levels continue to rise. Its mostly to do with infrastructure. The planning code needs to be amended to include mitigation efforts for future development, Wastewater Treatment plants particularly. Reporter she is one of 19 San Francisco resident whose have spent the last year interviewing experts and poring over research. Its happening. Reporter they issued their findings and recommendations to the mayor and the court of San Francisco. The city has been extremely good in acknowledging that there is a problem. Its not that theyre denying it. They acknowledge it, but they havent done a lot about it. So what were saying is, its getting to be time. Reporter besides ocean beach, other trouble zosome spo the embarcadero and San Francisco airport. The airport is very susceptible because right now they are built right at sea level. They are trying to do things about it, and were asking them to speed up. All you have to do is compare artworks of glaciers from the 19th century that are a fra
Later this year, weve got the best Product Pipeline that i have seen at apple in my 25 years at apple. It is the best Product Pipeline you have seen in 25 years . Thats right. Will you tell us about them . I get to see it tomorrow. I have been hanging out with this guy for two months. Im not kidding. That is a really strong statement you made a few minutes ago. I think you set for the rest of this year, you have the best Product Pipeline you have seen in 25 years. In 25 years, you did the imac, the ipod, the iphone, the ipad, the macbook air, those are all widely recognized as pretty good products, right . I agree with you. I believe the products we have coming are great. The appearance came just hours after apple struck a deal to buy beats electronics for 3 billion. Apple will gain access to the popular beats headphones and other hardware as well as the new beats streaming music service. Tim cook posted this photo of him sharing a laugh with eddie cue and jimmy iovine and dr. Dre. I s
Conference. Later this year, weve got the best Product Pipeline that i have seen at apple in my 25 years at apple. It is the best Product Pipeline you have seen in 25 years . Thats right. Will you tell us about them . I get to see it tomorrow. I have been hanging out with this guy for two months. Im not kidding. That is a really strong statement you made a few minutes ago. I think you set for the rest of this year, you have the best Product Pipeline you have seen in 25 years. In 25 years, you did the imac, the ipod, the iphone, the ipad, the macbook air, those are all widely recognized as pretty good products, right . I agree with you. I believe the products we have coming are great. The appearance came just hours after apple struck a deal to buy beats electronics for 3 billion. Apple will gain access to the popular beats headphones and other hardware as well as the new beats streaming music service. Ceo tim cook posted this photo of him sharing a laugh with eddie cue and jimmy iovine