Stocks (^DJI, ^GSPC, ^IXIC, ^RUT) are marching higher, with crude oil (CLK16.NYM) and the energy sector (XLE) leading the way. Keith Bliss of Cuttone & Co. joins us live from the floor of the New York Stock Exchange to discuss the markets and the Pfizer-Allergan merger, which was just called off.
Joining Yahoo Finance's Alexis Christoforous to discuss some of the other big stories of the day are Yahoo Finance's Dan Roberts and Mark Martiak, senior wealth strategist at Premier Wealth First Allied Securities.
Eastern Mountain Sports to file for bankruptcy: Bloomberg
Another one bites the dust. Eastern Mountain Sports is the latest brick-and-mortar retailer expected to file for bankruptcy protection. While details are not public, the company, owned by private equity firm Versa Capital Management, could file as soon as next week, according to Bloomberg. This follows the Sports Authority bankruptcy in March, and a string of other retailers that have filed in the last year.
Facebook doing it live
Mark Zuckerberg and crew have been focusing on video for some time, but now they're doubling down on live. Facebook (FB) is now featuring live video on its mobile app, devoting an entire tab to live video content. Is this Facebook's move toward taking out rivals with video features similar to Twitter and Snapchat?
Older workers take on bigger share of gig economy
Finally, millennials and Uber drivers aren't the only ones powering the "gig economy." Older workers, particularly women, are increasingly taking on a bigger share of alternative work arrangements. The share of independent contractors has grown over the past couple decades from about 6.3% in 1995 to 8% in 2015. Is the increasing share of alternative work arrangements a net positive or negative for the economy?