Impact that its products have on smartphone addiction in children cnbcs leslie picker has more on this story for us. Leslie hey, bill, thats right, its a twist on activist investing. Jana and california state teachers retirement system, sending a letter over the weekend to apples board pushing for changes there. In the letter, they say that apples ubiquity has created unintended negative consequences for children, particularly when it comes to their physical and mental health. They want apple to form a committee to study this issue and add more restrictions for younger users. Apple already provides tools that allow parents to restrict what their kids do on their phones, but jana and calsters believe there should be more thats done there. The letter was part of the firms announcement of their own social impact fund the plan is to raise money then use their activism knowhow to target Companies Like apple they they believe could do better when it comes to social issues now, investors and
Good afternoon, glad you could be with us on hour one of power lunch. Im Tyler Mathisen the dow on track for its first fiveday winning streak of 2018 after that historic january. The dow, that index along with the s p on pace for the best weekly gains now best weekly gains since november of 2016. The nasdaq on track for its best weekly gain in nearly three and a half years now Cisco Systems rallying on its earnings beat, teva pharma soaring on news Warren Buffetts Berkshire Hathaway is going to take a stake there and trip advisor is higher. The company be buy back stock and gave an upbeat forecast. And for more on these markets, lets go down to the New York Stock Exchange Bertha Coombs is here today standing by. The dow trading above 25,000, the s p above 2700 the nasdaq recovered three quarters of the losses trading above 7200 the fiveday winning streak is putting these indices on pace for their best weekly gains in forever. Take a look at the mass in dnasq its up over 4. 5 , thats th
Welcome to bloomberg daybreak europe. Im anna edwards. Manus cranny. A couple of push and pull factors in the market. Last week volatility was surging. Anna i noticed. Manus was that your opportunity, maybe, to sell volatility . Yes, we flagged those massive warns, its game on as north korea strikes guam. What does that mean . We had the biggest jump in volatility in three years. And they piled into an Exchange Rated fund that shorts volatility. The fund gains if the markets get coma. Anna investors are aware of the fact that when the vix rises, it typically falls afterward. That is reflected in the appetite. Lets look at the risk radar and show investors had that translate into headline stories around north korea how this translates into a risk on atmosphere. Asian equities, up by 0. 5 . On the one hand, you have these comments coming through from jim mattis, who says it is game on. But the wall street journal cites north korean media, saying kim jong un wants to watch the u. S. A lit
This and the backlash of trumps handling of charlottesville, the riots. Is americas first ceo president losing . Government saying it wants an interim Customs Union with the eu for a period after it leaves the union. This has pivotal u. K. Inflation data hits later this morning. Matt less than an hour from the cash open. Lets look at where futures stand this morning after a rally in the u. S. Carried through to asia. We are seeing at least three nara green euros here. Those substantial moves, little change of the euro stoxx 50 and ftse 100. Little stronger gains for futures on the backs and cap futures. Take a look at bones, bunds, a threeday chart shows that the yield on the trade this morning really jumped up and is now coming down a little. , looks like a risk off day, or at least investors dont need to hide in the safety of government debt. Gmm,lets talk about the really fascinating stories this morning. Areas we dont normally talk about. Argentinas market hit a record high yesterd
Instead of midaugust. Look at the low cloud deck. It is just roaring to the north. And it is expanding westward and in there for everybody. Im easing into that warmup after a cool day yesterday. I bumped some inland temps up. Im nervous with that but we will go with it. Livermore up 5. That is ten degrees below average for this time of year. The big news continues to be the cool temps. There are 50s all the way to tibber on and up to kill seeville at 57. That is the coolest they have been for a while. Low clouds will be reluctant to burn off for some. Not right now it is not happening. Might happen later on today. Overall one system sweeps through and now setting the stage for a warmer pattern. More so tomorrow. There is is an on shore breeze. Low 60s and some locations in the east bay havent changed all morning long. 56 martinez. 59 in brentwood. That is cool. Danville, 58. We will have a sunny breezy day. Tomorrow looks to be warmer. Today, below average temps continue for the coast,