TheStreet Live

TheStreet Live

By JIm Cramer and TheStreet StaffBusiness
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TheStreet Live episodes

  • Apple's iPhone 7 Plus is Sold Out Worldwide in all Colors
    Apple's ( ) iPhone 7 plus is sold out in all colors worldwide. The jet black version of the iPhone 7 is sold out. It does appear that demand for the larger screen sized iPhone with the dual lens camera is seeing stronger demand than expected. The phone was supposed to be for sale in stores tomorrow but now that won't happen. Apple is reassuring fans that it is trying to get supply to stores as soon as possible. The feds are now looking into Wells Fargo ( ) and the fake accounts scandal. The Justice Department has launched an investigation into Wells Fargo and the millions of sham accounts that were opened at the bank to generate fees. The Los Angeles times reports federal prosecutors in San Francisco and New York are in the early stages of an investigation that could lead to criminal or civil charges. Amazon ( ) founder Jeff Bezos swaps places with Warren Buffett as the world's third richest person. Buffett has lost net worth due to his holdings in Wells Fargo.
    2 min
  • Stocks Sell off Globally as World Worries About Rising Interest Rates
    Global Markets sell off following Wall Street's worst day since the Brexit vote. The fear gauge jumped by 30%. Federal Reserve Governor Eric Rosengren indicated that interest rate hikes could be coming sooner rather than later. Oil prices are also pointing lower this morning. Democrat Presidential candidate Hillary Clinton has canceled her fundraising trip to California to rest. She stumbled and had a medical episode at the September 11th memorial yesterday. Her doctor says she's being treated for pneumonia. The incident has increased calls for both main presidential candidates to release full medical records. Tesla's ( ) self driving software just got a major upgrade. CEO Elon Musk says the new autopilot feature will make cars safer. The update will focus more on radars to see other vehicles instead of cameras.
    2 min
  • North Korea Rattles Markets, Claims Test of Nuclear Warhead
    North Korea says it has conducted its 5th test of a nuclear warhead. South Korea's meteorological agency confirms a seismic event was detected and if it is a nuclear detonation, it is a violation of United Nations Security Council resolutions. Pyongyang aid the test was of a nuclear warhead designed to be mounted on ballistic rockets and demonstrated that it was prepared to hit back at its enemies including the United States if provoked. The FAA is warning passengers not to use Samsung smartphones after reports of the devices catching fire. The Federal Aviation Administration also warned about putting the Galaxy Note 7 phones in their checked bags, citing recent incidents. Restoration Hardware (RH) is soaring in the pre-market on strong earnings and sales. It's earnings were 44 cents a share, versus 29 cents expected.
    2 min

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