Stocks (^DJI, ^GSPC, ^IXIC) are off yesterday’s close at the midday mark, with consumer discretionary (XLY) leading the way down and consumer staples (XLP) still in the green. Alan Valdes, director of floor operations at Silverbear, joins us live from the New York Stock Exchange.
To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Tech founder David Pogue and Yahoo Finance’s Justine Underhill.
Apple to unveil new iMac, MacBook Pro Thursday
Apple is set to report third-quarter earnings after the bell today, and after the dust settles, investors and customers will be eyeing Apple’s big unveil of a new line of computers, which is expected to happen this Thursday at their Cupertino headquarters. Major changes are expected, particularly for the iMac and the MacBook Pro, which hasn’t had a major redesign in over four years.
Microsoft’s latest Surface may allow creation of 3D, holograms
Tomorrow is a big day for another big tech company: Microsoft. The company is holding a major event here in New York. Tech watchers expect to see an all-in-one PC that doubles as a drawing tool you can lay flat on a desk. Think of it as a Surface-iMac hybrid that allows you to create 3D objects and holograms with Microsoft’s new Surface hardware. We also may hear details of Microsoft’s attempt to take on Amazon’s Echo. This so-called “Home Hub” smart device will reportedly be powered by Cortana, Microsoft’s voice-activated virtual assistant.
Big banks to launch payment system to rival Venmo
Big banks are teaming up to take on payment systems like Venmo. Venmo and other so-called peer-to-peer payment services like Square Cash make sending money to friends or splitting a restaurant bill quick and easy—and free. In response, 19 banks are creating a payment network called Zelle, which some bank customers will see on their banking apps by the end of the year. Zelle says it’s not charging a fee and its bank partners aren’t charging any fees either. At least not yet.
