Stocks (^DJI, ^GSPC, ^IXIC) are mixed midday on higher-than-average volume. The energy sector (XLE) is leading the way down, while health care (XLV) is still in the green. Alan Valdes, director of floor operations at Silverbear, 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 Seana Smith.
Facebook now lets users order restaurant food for delivery
Facebook is trying to convince users they never need to leave the site—even when they’re hungry. The company this week rolled out a feature that lets you order food that’s delivered from restaurants. Users can also buy movie tickets or book salon appointments without ever leaving Facebook. You just go to the Facebook page of the restaurant, movie or local business. All these new features involve partnerships with third parties like delivery.com, which delivers food from participating restaurants.
Trump’s immigration problem
The Trump versus Clinton debates are officially in the history books. And although the issue of immigration has largely taken a back seat at the debates, Trump did vow to kick out the “bad hombres” and was critical of what he calls Clinton’s open-borders policy. Yet, the Wall Street Journal has uncovered a partnership between Trump and a Texas hotel builder that plans to exploit a controversial green card program—the kind that Trump himself has criticized. The company, Global Resource Management, would manage construction of a 33-story luxury hotel and condominium in Austin, and Trump would lend his name to the project.
Store-branded credit card rates charge higher interest rates
The holiday shopping season is coming, and here’s some timely advice: Think hard before you sign up for a store-branded credit card. A report from CreditCards.com shows store cards charge an average interest rate of 24%. That’s nearly 10 points more than the national average for cards at 15%. Big Lots led the list of major retailers named in the report, charging nearly 30%, with Zales and Staples not far behind.
