George Soros: The Brexit has 'unleashed' a new crisis
We also discuss millennials' overconfidence in investing, and Hertz partnering with Uber and Lyft.
Stocks (^DJI, ^GSPC, ^IXIC) are modestly green and poised to post gains for the third straight day. Consumer staples (XLP) are leading, with consumer discretionary (XLY) and health care (XLV) taking the rear, but still in the green. Stephen Guilfoyle, managing director of floor operations for Deep Value Execution Services, 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's Rick Newman and Justine Underhill.
Soros warns the Brexit has 'unleashed' a new crisis
George Soros has another dire warning after the Brexit. The man who warned of a 20% devaluation in the British pound is now saying the Brexit has “unleashed” a crisis similar to the financial panic of 2007 and 2008. He says that a hard landing in China is “practically unavoidable,” and that a broken European banking system will now be “severely tested."
Millennials overconfident about investing: survey
A new survey reveals young Americans are a little too confident in their investing skills. Securian Financial Group found that about 42% said millennials are “very knowledgeable about investments,” compared with 17% of baby boomers. While financial confidence could be good, the survey also revealed 16% of millennials would sell when the market falls whereas only 1.6% of baby boomers said the same.
Hertz partnering with Lyft, Uber to supply cars
Hertz is partnering with both Uber and Lyft. The rental car company will supply drivers in the US with cars and build on pilot programs it's put in place in Las Vegas and Denver. The new agreement will begin in Los Angeles.
