Scorcher: Silicon Valley blasts Trump
Stocks (^DJI, ^GSPC, ^IXIC) are having a quiet day but are poised to cap a week of solid gains. Utilities (XLU) and health care (XLV) are leading, with financials (XLF) in the red despite favorable earnings. Keith Bliss of Cuttone & Co. joins us live from the New York Stock Exchange.
To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance editor-in-chief Andy Serwer and Yahoo Finance’s Nicole Sinclair.
Trump makes it official
Donald Trump has chosen Indiana Governor Mike Pence as his vice presidential running mate. Unfortunately for Trump, 140 tech companies are signing an anti-Trump letter. How big of a problem is this for the presumptive GOP nominee?
Cashing in on Pokémon Go
Pokémon’s Go’s developer Niantec isn’t the only company raking in the cash. Battery pack makers like Zagg, Anker, and Mophie are piggy backing off the wildly successful launch. How much can other companies profit off of Pokémon Go?
Emmy nominations
Netflix continues to gain ground. The streaming service forged ahead of the competition and snagged 54 Emmy nominations. That’s a 59% increase from the year before and a bigger increase than any other platform. Why are services like HBO and Netflix so much more successful than traditional networks?