Good thursday morning. Welcome to squawk alley. I am Carl Quintanilla with Morgan Brennan and jon fortt at post nine of the New York Stock Exchange getting close to new highs well start with facebook. Mark zuckerberg goes to the hill today. Were getting news out of the company on new ad formats as well Julia Boorstin has both those stories. Good morning to you Mark Zuckerberg is making the rounds in washington, d. C. , meeting with legislators, looking to regulate two areas, one, facebook privacy policies, two, responsibility for inappropriate, manipulative content on its platform. Zuckerberg met with democratic senator cantwell and also attended a dinner with mark warner and senator blumenthal also joined take a listen. I was impressed by a number of the ideas and interests of facebook in advancing privacy on the internet but i hope that we also can continue the conversation zuckerbergs meetings span the aisle, he is meeting with republican senator moran, and supposed to see hawley an
Tensions on college campuses. Last night, officials at nyu asked the nypd to remove pr protesters from the campus. The palestinian protests had not been authorized and asked police to enforce trespassing violations. Students and faculty among those arrested. And then at columbia university, classes for the semester would be hybrid and remote when possible as billionaire donors are rethink going support of columbia. In a statement, patriots owner robert kraft, is not comfortable supporting the university until corrective action is taken. When asked if he would pause support, leon cooperman said i cannot say that yet. He doesnt hold the administration possible for the demonstrations. He said the kids are out of control. Cooperman will join us live this morning at 8 00 a. M. To talk about the protests and donations and other plans as well as views, of course, of the market. Back to corporate news. We are watching novartis. Reporting better than expected First Quarter results and raised fu
There is all on very light futures. Oil stocks have been trading in nearly the same direction every day for the past month. Asia overnight. Were not being big moves. A fallout for that massive explosion in china continuing. Shanghai was up 0. 75 . We have some news to tell but. I cant believe this is real. Apple planning a big announcement in september. But the big question is whether we can expect more than an iphone in maces. The new speculation this time is about a car. I know weve talked about it before. But this is totally different now. The Guardian Newspaper reporting the company is building a selfdriving car. Its looking for locations to test it. The report says apple is further along than many suspected. If you read through the story, its real. Assuming the reporting is right, they talk about the location of where the offices are, the garages, all of the things that they tested and built out, the people that called on the record. Theres a guy on the record from one of these tr
The dow and s p closing at record levels, the 32nd record close in 2017 for the dow, the first record close in more than a month. What is left to buy . Weve got some ideas we start with the breaking news, the biggest day for apple in the last ten years the expect unveiling its new iphones, lets get straight to josh lipton at apple headquarters reporter hi, melissa the new iphone finally getting revealed today, the iphone x ceo tim cook was on stage, he introduced the device right behind me here at the steve jobs theater in cupertino take a listen. We do have one more thing this is iphone x it is the biggest leap forward since the original iphone. Reporter among the new features, an edge to edge 5. 8 inch oled display. No more touch i. D. , instead facial recognition to unlock the device apple says that is more secure than touch i. D well wait and see whether consumers agree. New and improved camera system when you looked at surveys at what people were looking for, an improved camera wa
Closes since july 26th this morning futures are ever so slightly lower dow is down by less than one point below the fair value the s p 500 futures down by 3 5 3 1 2 and nasdaq down by 8 the tenyear up to 12. 160 in terms of the dollar, dollar is down against the euro and yen. Looks like its at 1. 1972, dollar yen is at 110. 04. And if you wanted to check out crude oil prices, slightly higher yesterday wti closing at 48. 73 this morning up 50 cents a couple stories were watching, nordstroms founding family selecting Leonard Green and partners to help take it private. A formal bid could be submitted within the next few week shares are up about 10 in the premarket. Apple getting buzz today after unveiling the highly anticipated iphone x among the highlights, the phone doesnt have a home button it unlocks with facial Recognition Technology it has 2. 7 million pixel display. Thats the highest resolution ever for an iphone and it has an extra two hours of battery life and charges wirelessly