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TheStreet TV

Summary: Financial news and analysis from TheStreet

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 Tech Stocks Lead After Monday's Selloff | File Type: | Duration: 01:28

The U.S. indices were mostly higher during midday trading on Tuesday as investors await a monetary policy announcement from Federal Reserve Chair Janet Yellen. Tech was leading after Monday's selloff. Nvidia Corp. , in particular, was moving higher after inking a deal to provide chips to some of China's largest cloud-computing companies. Alibaba , Baidu and Tencent are integrating Nvidia chips into its data centers. Red Hat Inc. also contributed to sector gains after a better-than-expected second quarter. Adjusted earnings bested estimates by a dime. Revenue increased nearly 21%. For the third quarter, the open-source software company anticipates revenue of at least $730 million, higher than estimated. Equifax Inc. shares were lower after the credit-reporting company announced that Chairman and CEO Richard Smith will retire. The announcement follows a data breach that compromised the personal information for about 143 million U.S. customers. Paulino do Rego Barros Jr. was named interim CEO while the board conducts a search to find a new permanent CEO. Smith, who had served as CEO since 2005, has agreed to serve as an unpaid adviser to Equifax to assist in the transition.

 CLOSING BELL: Stocks Slip on North Korea Tensions, Tech Pressures | File Type: | Duration: 01:43

Wall Street started the week notably lower as political tension with North Korea nears a boiling point. The Dow Jones Industrial Average dipped more than 50 points this afternoon. The S&P 500 fell over 0.3% at one point, while the tech-heavy Nasdaq was weighed down well over 1% as the tech sector suffered Monday. North Korean Foreign Minister Ri Yong Ho told reporters on Monday that the U.S. had "declared war on our country." The official said North Korea also has the right to consider all counter measures. Those could include shooting down United States strategic bombers at any time, even when they are not yet inside the aerospace border of North Korea. Ri's comments come after U.S. warplanes flew near the reclusive country's coastline north of a demilitarized zone between North and South Korea on Saturday. General Electric agreed to sell its industrial solutions unit to ABB Ltd. for $2.6 billion. The Swiss robotics and energy grid conglomerate will pay just under one times the unit's sales and about 12 times the unit's Ebitda earnings. It's GE's first big disposal under new CEO John Flannery, who has promised to cut costs and sell operations in a bid to reverse recent lackluster performance. In other deal news, Genuine Parts agreed to purchase European peer Alliance Automotive Group for $2 billion, including debt. The deal is expected to close in the fourth quarter. It should deliver $2.3 billion in gross annual billings and is predicted to boost profit-per-share by 45 cents in fiscal 2018. Watch More with TheStreet: Jim Cramer Reveals What to Watch in Nike and Micron's Earnings Is the iPhone 8 More Fragile Than the Samsung Note 8? Kevin O'Leary: Women-Run Companies Make Me More Money Under Armour Has a Lot to Prove With the Upcoming Curry 4 Basketball Sneaker

 Stocks Move Lower as Apple Weighs, Political Concerns Abound | File Type: | Duration: 01:37

Wall Street kicked off the week with a slow start as stocks fell on renewed geopolitical concerns. The Dow Jones Industrial Average dipped more than 50 points this morning. The S&P 500 fell over 0.3% at one point, while the tech-heavy Nasdaq was weighed down close to 1% by Apple. Apple's Monday move hurt the entire tech sector, where reports of sluggish demand for the new iPhone TEN hit suppliers hard. A Digitimes analysis said Apple ordered its suppliers to ship just 40% of planned iPhone TEN production and hold the remainder. The phones are set to ship November 3. Allergan stock gained more than 3% after the company authorized a new share buyback program and promised to pay down $3.75 billion in debt next year. Allergan is set to repurchase $2 billion in stock, which is around 2.9% of current shares outstanding. The move comes as Allergan called its shares "substantially undervalued." D.R. Horton fell slightly after slashing fourth quarter guidance on news recent hurricanes caused delays in its pipeline. The largest U.S. homebuilder anticipates roughly $150 million of cash flow from operations over its fiscal year, down from its previous guidance of $300 million. Its fourth-quarter backlog conversion rate is expected to slip to 85% from a previous target of between 88% to 90%. Watch More with TheStreet: Donald Trump's Tweets Spark NFL Protests 3 New Badass Indian Motorcycles That Will Probably Make Polaris Investors Happy $1,000 for a Men's Fragrance? Domino's Pizza CEO: In 10 Years,Self-Driving Cars Will Deliver Pizza

 Nasdaq, S&P 500 Close Higher Amid Tension With North Korea | File Type: | Duration: 01:37

The S&P 500 and the Nasdaq closed out the day in the green, while the Dow finished down slightly as investors grappled with the tension between the leaders of the U.S. and North Korea, while also keeping an eye on the latest healthcare battle. Tech stocks were lower again, with Apple Inc. falling nearly 1%. Apple was under pressure on reports of weaker sales for its new iPhone 8. Nomura is seeing signs of weakness in preorders of the device as slower promotional activities and the launch of the company's special edition iPhone X potentially cannibalize sales. The weekly reading on drilling activity in the U.S. showed the total oil rig count fall by five to 744, according to Baker Hughes. A week prior, the count fell by seven oil rigs. West Texas Intermediate crude settled at around $50.66 a barrel on Friday. Finish Line Inc. jumped more than 6% after edging out profit estimates in its recent quarter. Earnings of 12 cents a share beat the consensus by a penny. Revenue came in slightly short: Sales dipped 3.2% to $469.4 million, missing expectations by $1.1 million. Comparable-store sales declined 4.5%. The footwear retailer expects fiscal 2018 comparable-store sales to fall between 3% and 5%.

 North Korea Threatens to Test Hydrogen Bomb Over Pacific | File Type: | Duration: 01:16

President Donald Trump says North Korea will be tested like never before in a tweet this morning. Overnight, North Korea threatened to test a hydrogen bomb over the Pacific. The threat comes after President Trump announced that China banks will halt doing business with North Korea. Also, Iran is stepping up its missile capabilities and says that it will not seek international permission. Facebook will share the content and related information of the more than 3,000 ads it sold to Russian-linked accounts with Congress. Facebook says it will also make some other changes. It will strengthen its review process of ads and reveal more information about who is behind the advertising. Uber has lost its license to operate in London. Techcrunch says the city regulators say Uber's approach and conduct demonstrate a lack of corporate responsibility in relation to a number of issues. Watch More with TheStreet: Why PayPal Stock Is on Fire Bitcoin Is Garbage Says This $1.2 Billion Money Man Domino's Pizza CEO: In 10 Years,Self-Driving Cars Will Deliver Pizza 5 Insanely Good Fall Travel Deals

 The Dow Falls From Record High as Markets Wait on the Fed | File Type: | Duration: 01:02

The Dow, S&P and Nasdaq fell 0.24%, 0.3%, and 0.52% respectively. Watch More with TheStreet: Domino's Pizza CEO: Self Driving Cars Will Deliver Pizza in 10 Years UCLA & University of Colorado Are Now Top Schools for Educated Potheads Bitcoin Is Garbage Says This $1.2 Billion Money Man Domino's CEO: Artificial Intelligence and Technology Grows Employment

 Markets Recede From All Time Highs on Tech Selloff | File Type: | Duration: 00:59

The Dow was down 0.17% while the Nasdaq fell 0.34% Thursday afternoon. Watch More with TheStreet: Jim Cramer Reveals Why He Sold Western Digital for His Charitable Trust 5 of the Worst Recent Cyberattacks Here's Why the S&P 500 Could Be Headed to 2,700 by Year's End 5 Insane McDonald's Meals You Can Only Try Abroad

 SEC Says System Hacked, Company Information may Have Been Comprised | File Type: | Duration: 01:13

Hackers penetrated the computer system of the Securities and Exchange Commission. The Wall Street Journal says the system hacked was used for storing public company filings and may have lead to trades based on the hacked information. The SEC says it is investigating the source of the hack, which exploited a software vulnerability in a part of the agency's EDGAR system, which is a database of filings made by thousands of public companies regulated by the SEC. Albertson's is getting into the meal kit business. The grocery chain announced it has bought Plated for $200 million. Albertson's also agreed to make payments to Plated depending on how well it performs. President Trump's approval rating is rising. The NBC-Wall Street Journal poll says Americans like to bipartisan way he's been pursuing deals but are split on tax reform. Watch More with TheStreet: You Can Become a Millionaire Even if You Make $35,000 a Year Why is Toshiba's Memory Chip Business so Valuable? How Healthy Is that Happy Meal? Inside the Kids' Menus at McDonald's and More Fed's Balance Sheet Plans Won't Interrupt the Strong Corporate Earnings Story Kiss Rock Legend Gene Simmons Explains How to Make Money

 U.S. Indices Close Mixed as Fed Readies to Reduce Balance Sheet | File Type: | Duration: 02:16

Stocks fluctuated on Wednesday following a hawkish message from the Federal Reserve. The Dow and the S&P 500 closed at record highs, while the Nasdaq finished in the red after the Fed said it would begin unwinding its balance sheet in October and left the federal funds rate unchanged. FedEx Corp. was higher even though the shipping giant posted fiscal first-quarter earnings below analysts' expectations, blaming the miss on the TNT Express cyberattack and Hurricane Harvey. Adjusted first-quarter earnings for FedEx were $2.51 a share, below Wall Street estimates of $3.09. The company also lowered its adjusted earnings forecast for fiscal 2018. Adobe Systems Inc. shares fell despite posting fiscal third-quarter earnings that topped Wall Street estimates. Net income in the quarter was 84 cents a share, up from 54 cents a year earlier. Adjusted earnings were $1.10 a share, topping forecasts of $1.01. Revenue rose to $1.84 billion; beating analysts' estimates of $1.82 billion. But the company's experienced a shortfall in revenue for its cloud division. Adobe warned that some of its larger deals for its cloud service were taking longer to close. Finally, shares of Ford Motor Co. were in focus after the automaker announced plans to trim production at five North American assembly plants through the rest of 2017 as demand for new vehicles in the U.S. slips. Ford plans a two-week shutdown at its plant in Flat Rock, Michigan, which makes the Mustang and Lincoln Continental, and a one-week shutdown at its Michigan Assembly Plant, which makes the Focus and C-Max small cars. The automaker also plans to idle Transit van production at its Kansas City, Missouri, plant for two weeks. The company also plans shutdowns of up to three weeks at two plants in Mexico. U.S. sales at Ford have declined 4% through August compared with the same period a year ago Watch More with TheStreet: What's Behind Bitcoin's Volatility? 5 Things on the Menu at Jollibee, the McDonald's of the Philippines Billionaire Ray Dalio Reveals His 'Principles' for Success in Life and Investing 5 Stores With the Best Return Policies

 Midday Report: Stocks Mixed Ahead of Federal Reserve Decision | File Type: | Duration: 01:40

Wall Street wavered some Wednesday as investors await Federal Reserve Policy decisions this afternoon. The Dow Jones Industrial Average was slightly up, while the S&P 500 was just in the red. The Nasdaq was down further, as much as 0.3% around midday. Apple shares dropped more than 2% on reports it had confirmed the new Apple Watch had encountered connectivity issues. The Apple Watch Series 3 is the first model to independently connect to networks, rather than through an iPhone. In a statement to The Verge, Apple said its new watch had issues connecting to cellular networks when already using unauthenticated Wi-Fi networks without connectivity. Apple said it was "investigating a fix for a future software release." Pfizer pushed the Dow higher after Morgan Stanley upgraded its rating to overweight from neutral. Analysts raised price target on the stock to $39 from $35. "Underperformance" had led to an upgrade and that the stock shows "favorable risk-reward and M&A optionality." Tax reform could lead to better deal opportunities for Pfizer, analysts added. Shares of General Mills tumbled 4% after the maker of Cheerios posted fiscal first-quarter profit and sales that missed expectations. Earnings of 71 cents a share missed consensus by a nickel, while revenue slipped nearly 4% to $3.77 billion. Organic sales declined by 4%, while gross margins slipped by 230 basis points to 35.1%. Watch More with TheStreet: You Can Become a Millionaire Even if You Make $35,000 a Year Why is Toshiba's Memory Chip Business so Valuable? How Healthy Is that Happy Meal? Inside the Kids' Menus at McDonald's and More Fed's Balance Sheet Plans Won't Interrupt the Strong Corporate Earnings Story Kiss Rock Legend Gene Simmons Explains How to Make Money

 Hurricane Maria Weakend but Takes Direct aim at Puerto Rico | File Type: | Duration: 01:07

Hurricane Maria was downgraded overnight to a strong category 4 as it lashes at the Caribbean. Puerto Rico is bracing for a direct hit today. The National Hurricane Center says some parts of Puerto Rico may be uninhabitable for weeks. Meanwhile, the death toll continues to climb after a powerful earthquake hit Mexico. More than 200 people are dead. The earthquake was a magnitude 7.1 and scores of buildings were destroyed. The Mexican stock exchange is closed and the Mexico City airport is shut down. FedEx says its profits fell 17% and it's blaming the cyberattack. A hack at its TNT Express in June caused shipping delays in Europe. The shipping giant also said that Hurricane Harvey affected its fiscal 1st quarter results. The Federal Reserve is in focus as it wraps up a 2-day meeting and announced a decision on interest rates.

 Closing Bell: Stocks Higher Despite President Trump's North Korea Aggression | File Type: | Duration: 01:28

Wall Street pushed higher Tuesday following a very nationalist speech from President Trump at the UN General Assembly meeting. The Dow Jones Industrial Average led the benchmark indexes, up as high as 0.2%. The S&P 500 was up close to 0.1%. And the Nasdaq eked into the green after hovering near zero for most of the afternoon. Equifax took another blow Tuesday after it was reported that the consumer credit provider knew of a data breach in March. That's almost five months before the breach was publicly disclosed. Equifax said the incident was separate from the recent hack that released sensitive information on 143 million customers. Sources said differently, though. Synchronoss Technologies moved sharply lower after its largest shareholder backed off previous interest in an acquisition. Siris Capital Group said it could potentially pursue other deals with the company, and Synchronoss said "active discussions" are ongoing. Shares of software services firm Synchronoss closed sharply lower by 40% Tuesday. Kohl's enjoyed gains today after it announced a new venture with Amazon.com . 82 Kohl's locations in Chicago and Los Angeles will now accept returns to Amazon. Kohl's will package and ship the returns to Amazon centers nearby.

 Hurricane Maria Barrels Toward Puerto Rico, Destroys Dominica | File Type: | Duration: 01:34

Hurricane Maria is gaining strength and is now a category 5 storm. It's already left a trail of destruction on the Caribbean island of Dominica and is headed toward Puerto Rico. Also, a magnitude 3.6 earthquake hit Los Angeles. Experts say it is unlikely to cause any serious damage. Toys R Us filed for bankruptcy. The retailer has been hurt by shrinking sales and increase online competition. Toys R Us was also struggling with a large debt load and payments were coming due before the end of the year. President Donald Trump will speak to the United Nations today for the first time. His speech is expected to have a nationalist tone. He is also expected to say the body should focus on outcomes, not ideology. The White House says Trump will also stress the need for cooperation, particularly regarding fighting terrorism. Bayer has asked for more time to complete its merger with Monsanto (MON) as the $66 billion dollar deal was facing scrutiny, particularly from the European Commission.

 Caterpillar Leads Dow to Records, S&P 500 Also at All-Time Highs | File Type: | Duration: 01:07

The S&P 500 and Dow Jones Industrial Average scored new records even with just modest gains to begin the week. This marks the S&P's second closing high in a row and the Dow's fifth. Gains were broad-based with investors particularly favoring materials and industrials. Caterpillar Inc. led the Dow higher after a bullish note from UBS wherein its rating was upped to BUY from NEUTRAL. The firm based its revision on forecasts of higher private nonresidential construction activity in the fourth quarter and an increase in mining equipment spending next year. Nvidia Corp. reached an all-time high after Bank of America raised its price target on confidence it can capture AI market share. The chipmaker drove peers higher, including Advanced Micro Devices Inc. , Texas Instruments Inc. , and Micron Technology Inc. . Oil prices ended barely higher after fluctuating for much of the day. Commodities wavered as refineries in the Houston region began to slowly come back online following Hurricane Harvey.

 Closing Bell: Apple Leads Dow; S&P 500 at Closing Highs for First Time in August | File Type: | Duration: 01:04

It was another record for the Dow Jones Industrial Average and the S&P 500's first for August. The Dow has ended at records for nine straight days in a row, largely tied to positive earnings from some of its major components. Apple Inc. led the Dow to its records after rising more than 1% and climbing for its second day in a row. It's been a solid year so far for the world's largest company. Its shares have surged just over 37% since the beginning of 2017. Marriott International was higher after partnering with Alibaba to tap into the growing Chinese travel market. The joint venture allows Chinese travelers to book rooms at Marriott properties through the Alibaba travel website. BlackBerry fell after Goldman Sachs resumed coverage with a SELL rating and $8.50 price target. The firm is cautious in its outlook for auto business revenue.

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