Stocks reversing steep losses as investors shake off the latest North Korean threat. Plus – after the storm – The CEO of Waste Management, a Houston-based company, tells us how the city and its businesses will recover. And – Gold is on fire – but is too late to hop on this trade? We break down the carts. Plus – the fallout from the Mayweather-McGregor streaming fiasco rolls on – we have the latest. Catch The Final Round at 4 p.m. with Seana Smith and Yahoo Finance markets correspondent Myles Udland.
Winners and losers
Stocks in the green today include Movado as the watch designer reported and earnings beat and new stock buyback plan, Immunogen as the drug maker struck a deal to license its leukemia treatment with Jazz Pharmaceuticals, and Rockwell Collins – shares jumping on reports United Technologies is near a deal to buy the aircraft equipment maker.
Lots of retail in read today starting with Best Buy as the world’s largest electronics retailer said this quarter’s strong earnings won’t be the new normal, J. Jill as the woman’s apparel maker reported guidance that was softer than expected, and Finish Line – shares getting trampled on as the athletic retailer slashed its profit forecast for the current year, claiming sales and margins would be under pressure.
Buffering … on fight night
Saturday night’s big fight between Floyd Mayweather and Conor McGregor was the most hyped boxing match in years. But a HUGE streaming glitch left many fans very upset. Here with more on this is Yahoo Finance’s Dan Roberts.