Inventories are today. 11 00 a. M. This morning. Hillary Clinton Holding a News Conference in the next few moments. We will take that live. When it begins. Road map with apple unveiling the iphone 7, will the new features boost the companys product cycle. Getting a downgrade from wells this morning. Hp enterprise shares falling despite what was an earnings beat, servers numbers perhaps a concern. Ceo meg whitman right next to us here at post nine. And b of a Ceo Brian Moynihan said more cost cutting is coming. First up apple hoping the newly launched iphone 7 and 7 plus will revive slowing sales. The features include longer battery life, higher resolution cameras, Water Resistance and, of course, the lack of that headphone jack. Meantime wells downgrading it to market perform expects shares to be range bound since positives surrounding apple largely unknown. The journal today, though, says enough new fiereatures people w be tempted to upgrade rather than next year. Age is ignorance. I
Sunglasses he is wearing there. Or maybe not. I think people will buy them. Under armour making a big push into asia. We have more with the company ceo and with stef curry and live coming up. Sarah, staying up late with us. I told you, the da test that completely changed my life a couple years ago and the book i wrote about it, plug, plug, plug, today we are looking at big business of genome sequencing. The cost is plunging. But there are some people still willing to pay 25,000 to have their whole genome sequence. I noticed we dont have griffeth in quotation marks. Not today. I know who i am. And we will talk about the value of his company and latest news in drug pricing, joseph papa coming up next hour. Meantime, the stock market sitting here down 23 point. A lot like yesterday and all of the last several weeks here, the beige book out today which didnt enlighten us again too much about the economy. Job openings at a record high. In terms of some movers today, on the apple news, look
Chip average and composite up 38 points, at 3783. And Standard Poors at 1725. Dow and s p at alltime highs. The stocks surging after the Federal Reserve holds off on tapping the brakes on the 85 billion a month bondbuying program. No taper when all is said and done. B bob pisani, reaction on the floor, all status quo, significant . A significant disbelief. Huh . Huh . I was flabbergasted, lets put it that way. The key statement mr. Bernanke made in his press conference here. He said put up full screen Economic Data does not yet provide sufficient confirmation to warrant reducing purchases. Thats what moved the markets. Take a look at dow industrials. From the fed announcement at 2 00 to the height of the market, the dow moved 200 point. Nice move there. We closed off the highs. It was sufficient for historic high. The dow industrials, history high for the transports. History highs for s p and russell 2000. Midcap, not historic high. Sensitive stocks, home building, reits moved up. Mr.
True but look at gold today up 40plus dollars, back above 1,300. A lot of traders are wondering whether the market is responding to Janet Yellens comment yesterday that the inflation data has been nothing but noise. Well get into that in a moment. Private equity legend jay jordan says this market is overpriced and too risky right now. Where is he putting his money . Well ask him in an exclusive interview ahead. Looking forward to that very much. Also, netflix trading lower today despite that major announcement that Chelsea Handler is moving her late night show to the streaming Video Content Service in what is being billed as an historic move. But the market is not buying it. Not impressed. Youll hear from an insider who says this movie is not a slamdunk success for either netflix or Chelsea Handler. Thats coming up. Heres where we stand in the markets right now. Stocks under a little bit of pressure a day after the s p 500 set a new high after Janet Yellens comments and the federal res
Sen. Durbin resuming the hearing. Sen. Whitehouse for questions. Sen. Whitehouse . Thank you very much. Mr. Zatko, i wanted to follow up a little bit on the repeated suggestions you have made in your testimony that the cybersecurity vulnerabilities will expose the United States to risks and to attacks and that security failures threaten the countrys National Security. Good with that . Peiter yes, sir. Sen. Whitehouse i guess he didnt add buyers we saw the same thing with facebook when they were taking ads with payments denominated in rubles and not figuring out that might have been russians behind those ads, and you mentioned concerns about hidden chinese ad buyers. If we could talk a little bit more about the National Security risks associated with, for instance, the unregistered Saudi Foreign agent who worked at twitter or the pressure to hire Indian Government agents, walk us through a scenario of how an individual planted in twitter like that could create a National Security risk f