Stocks (^DJI, ^GSPC, ^IXIC) are stuck in a four-day slide, with financials (XLF) leading the way down and utilities (XLU) the least in the red. 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 Thomson Reuters correspondent Bobbi Rebell, author of "How to be a Financial Grownup."
Twitter is the next buyout target: Goldman Sachs
Microsoft just gobbled up LinkedIn, and it could be the first of many acquisitions we see this year. Goldman Sachs says the market for mergers and acquisitions is “healthier than headline volumes suggest.” Analysts predict tech companies like Twitter, TripAdvisor and T-Mobile have at least a 15% chance of being acquired in the next 12 months.
Alibaba predicts an explosion of growth by 2017
After making some quick acquisitions, e-commerce company Alibaba is predicting accelerated growth. Alibaba expects sales will rise at least 48% by March 2017. One service, Alibaba’s cloud business, has tripled the company’s revenue to more than 1 billion yuan.
Watch out before you donate to Orlando victims
People are coming together to help out the families of those impacted by the shooting in Orlando. Unfortunately, that means scammers are trying to get involved. The Better Business Bureau is warning donors about potential red flags and how to avoid people who are trying to capitalize on your generosity. Around $2 million has been donated to families so far.