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good morning, david bosa is with us for the hour, as we wrap up august today, a historic month of equities. a lot of fed speak, earnings from high profile players like adobe and zoom the dow with a little weakness down the nasdaq and the s&p saw record highs of course we have stock splits to talk about. apple is now official. josh leadershipton going to start us off on that hey, josh. carl, the point of a stock political is simple. you try to attract those inve investors that night have been discouraged by a high share price. the fundamental reason is always the same, he says. we want to make sure that the stock is accessible to a broader range of investors this will be apple s fifth stock split here so how is apple performing around these prior stock splits? historically they say that apple has outperformed the parks in a three-month split break. apple shares have also out performed. this comes as apple as skyrocketed higher the share up more than 70% this year now ....
Following yesterdays rout john ferroli and dan sculley join us. Happy friday to you both a lot of debate this morning about the jobs number, and the degree to which it tilts the macro debate whats your take its more of the same, which is strong job growth, low unemployment, but disappointing wage numbers which is the story weve seen a bunch of times over the last year or two i dont think this does much to resolve the debate growth looks good. The question is where inflation is going the wage numbers dont scream out that theres a whole lot of inflation worries for the nrt nearterm. Dan, do you agree how long can that dynamic last i would say we had solid news in particular in the manufacturing jobs sector this morning. We may continue to see that as we get infrastructure announcements into january potentially some changes in capex trends as we have fiscal tax reform and tax changes the broader takeaway for our team is that were seeing a rate of change inflection in job growth going back ....
Records, tax reform and that surprise special election result in alabama. Plus a little more clarity and an update on disney and fox. We are less than 24 hours from the announcement of that deal. Apples billion dollar fund finds another investment fin asar surgeries on the news as apple builds on lasers and specialized chips. The fed is expected to raise Interest Rates again today as it concludes its twoday meeting. If so, it would be the third rate hike of the year. Then this afternoon the president is said to deliver remarks on tax reform as happens trying to put the final tuchoucs on the bill. The president is going to have lunch with some members of the Conference Committee it looks like theyre trying to meld the two by from the, get it to his desk by the 20th. Maybe corporate rate to 21, some compromise on mortgage interest deductibility. I think its interesting al ....
President obama. Its the first time the two men have talked face to face. Officials in thailand confirming they have satellite images showing 300 objects floating in the south indian ocean. The search for flight 370 called off due to rough weather. The official death toll is expected to grow up to 25 people. Hundreds of searchers continue to claw through a mountain of dirt and debris. Engine 33 has a mayday on channel 2 tragedy in boston. An inferno raced through a boston brownstone. Two firefighters were killed battling the ninealarm blaze. Citizens were saved, and thats what we do. We sacrifice our lives for the citizens of the city of boston. The twister touched down in roseville, up near sacramento. It damaged 12 homes. Tornado right there. Setting the case for athletics, northwestern Football Players can unionize. Oh, that . The photos from the grand canyon. They used canyons and harnesses to clean the underside of the skyw ....
Electoral votes from arizona tonight, after debate on the objection was historically interrupted earlier today. Shannon bream in washington, and we go back to capitol hill work Congressional Correspondent chad pergram has been tracking all of the latest developments today. The dangers playing out on the hill, and now what is happening is there back in business. Hey, chad. Hey there. There was just some applause in the House Chamber as they meet in this joint session of congress. The reason is they thought there might be some challenges to michigan. There were no challenges, so michigans electoral votes have been certified for joe biden. As you say, pennsylvania is the next big question. We thought earlier in the day that georgia was going to be one that they challenged. The idea with georgia, jody hice, republican congressman from georgia, he was the host petition ....