Markets are starting the day in negative territory, pausing after reaching fresh highs. Meanwhile, the European Union is ordering Amazon to pay back taxes, a year after going after Apple. Yahoo Finance’s Alexis Christoforous, Myles Udland, Justine Underhill and Rick Newman discuss the big stories of the day.
Today’s topics:
EU steps up war on tax avoidance by US companies
Who will be the next Fed Chair?
Jeff Gundlach says Neel Kashkari will be the next Federal Reserve chair
Tesla started at Nomura with Street-high $500 price target
Pepsi falls flat on revenue miss
Yahoo: all 3B accounts affected in breach
Mylan soars on FDA approval of generic MS drug
President Trump suggests wiping out Puerto Rico’s debt
Uber’s board approves corporate changes & SoftBank investment
Uber CEO met with London’s transport Chief yesterday
Google to reveal Pixel 2 and Pixel 2 XL today
TWITTER POLL:
Which #smartphone would you most likely buy if you had $1,000?
-Google Pixel 2 XL
-Apple’s iPhone X
-Samsung Note 8
