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Stocks slide on anniversary of 1987 crash

Stocks are set for a slide this morning, just a day after closing above the 23,000 milestone for the first time ever. This all comes on the 30th anniversary of the 1987 crash. Yahoo Finance’s Alexis Christoforous, Myles Udland, Seana Smith, Dan Roberts and Ethan Wolff-Mann discuss the big stories of the day.

Today’s topics:

  • Stocks set to slide at open a day after Dow closes above 23,000
  • Apple shares fall on iPhone 8 demand worries
  • Senate gets ready to vote on crucial budget measure
  • 30th anniversary of ’87 crash: Then and now
  • MongoDB makes market debut on Nasdaq under ticker ‘MDB’
  • Fed Chair Yellen to meet with Trump today
  • Verizon higher after top and bottom lines beat
  • Amex down on CEO departure despite positive earnings
  • Nike falls after Goldman Sachs downgrade
  • Blue Apron lays off 6% of workforce
  • Gilead up on FDA approval of lymphoma drug
  • Vanguard investors to vote on companies associated with genocide
  • Walmart is close to partnering with Lord & Taylor
  • Cities go crazy in bid for Amazon’s second HQ

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Which one of these offers might lure Amazon to build its new headquarters in a city/town?
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  • Finance
    Reuters

    U.S. Supreme Court rebuffs companies over lead paint liability

    The U.S. Supreme Court on Monday rejected appeals by three paint manufacturers challenging a California court ruling that held them liable for millions of dollars in damages relating to the use of lead paint decades ago. The justices left in place the lower court's 2017 ruling that endorsed a trial

  • Hi-tech peer-to-peer networks let Nigerian farmers log on for cash
    News
    Reuters

    Hi-tech peer-to-peer networks let Nigerian farmers log on for cash

    It looked like the end had arrived for Adewale Fatai's chicken farm. Two years later, Fatai now has 20,000 chickens. Flanked by thousands of chirping birds at his farm in Nigeria's southwestern Ogun state, Fatai says his operation was saved by Farmcrowdy, one of a breed of new peer-to-peer

  • Correction: Gas Explosions story
    Finance
    Associated Press

    Correction: Gas Explosions story

    In a story Oct. 11 about the federal investigation into natural gas explosions in Massachusetts, The Associated Press erroneously reported on the preliminary findings. The National Transportation Safety Board found that the Columbia Gas company, not the utility workers, failed to account for critical

  • Finance
    U.S.News & World Report

    Should Investors Diversify Providers?

    If you rely on your firm for advice or asset management, it could pay to have another for safety and a second opinion. "If a client has over $1 million in investable funds I generally recommend splitting between two advisors," says Blake Christian, a partner at Holthouse Carlin & Van Trigt

  • Stocks down as Trump threatens more China tariffs
    Finance
    Yahoo Finance

    Stocks down as Trump threatens more China tariffs

    Stocks (^DJI, ^GSPC, ^IXIC) drop as Apple slips, Saudi issues flare up. The real estate (XLRE) sector is the most in the green, and the technology (XLK) sector is the most in the red. Yahoo Finance’s Scott Gamm joins us live from the floor of the New York Stock Exchange to talk markets. To discuss the

  • Bracing for Brexit, Dutch regulator seeks more resources - sources
    Finance
    Reuters

    Bracing for Brexit, Dutch regulator seeks more resources - sources

    The Dutch financial markets regulator, already scrambling to process a flurry of relocation requests from UK-based companies, will need about 10 percent more staff to cope with the extra work caused by Brexit, sources close to the matter told Reuters. Amsterdam is competing with European Union cities

  • Global warming to leave us crying in our costlier beer
    Finance
    Associated Press

    Global warming to leave us crying in our costlier beer

    A new study says global warming may leave people crying in their costlier beer. The international study says bouts of extreme heat waves and drought will cut production of barley, a key ingredient of beer. ...

  • Finance
    Reuters

    Top uranium producer Kazatomprom may sell 25 percent stake in London/Astana float

    The Kazakh company said in an IPO registration document, seen by Reuters, that it plans to publish the prospectus for the offering on Nov. 13. The IPO is part of an ambitious privatisation programme set by Kazakhstan after Central Asia's biggest economy was hard hit by the fall in world oil prices

  • The Latest: Saudi-Turkish team begins search of consulate
    Finance
    Associated Press

    The Latest: Saudi-Turkish team begins search of consulate

    A joint Saudi-Turkish team has entered the Saudi Consulate in Istanbul to search it, nearly two weeks after the disappearance of Saudi journalist Jamal Khashoggi. The team arrived Monday afternoon to the consulate in Istanbul's upscale 4th Levent neighborhood as journalists filmed and shot photographs

  • Sector ETFs & Stocks to Bet for Q3 Earnings
    Finance
    Zacks

    Sector ETFs & Stocks to Bet for Q3 Earnings

    We have highlighted one ETF and one stock from some of these sectors that could make great plays as the Q3 earnings season unfolds.

  • Rivals ARM and Intel make peace to secure Internet of Things
    Tech
    Reuters

    Rivals ARM and Intel make peace to secure Internet of Things

    Rival semiconductor giants ARM and Intel have agreed to work together to manage networks of connected devices from both firms, clearing a major stumbling block to market growth of the so-called Internet of Things (IoT). Britain's ARM, a unit of Japan's Softbank Corp, said on Monday it had struck

  • AstraZeneca halts UK investments due to Brexit - Le Monde
    Finance
    Reuters

    AstraZeneca halts UK investments due to Brexit - Le Monde

    AstraZeneca has suspended investments in Britain due to the lack of clarity over the country's departure from the European Union, the pharmaceutical firm's non-executive chairman Leif Johansson told France's Le Monde newspaper. British Prime Minister Theresa May was facing growing pressure

  • Gold gains 1 pct as investors shelter from sliding equities
    Finance
    Reuters

    Gold gains 1 pct as investors shelter from sliding equities

    Gold rose more than 1 percent on Monday to its highest in about 2-1/2 months as investors sought refuge in the metal after mounting tensions between Western powers and Saudi Arabia compounded jitters in global stock markets. Spot gold was up 1 percent at $1,230.05 per ounce at 1406 GMT, having touched

  • Court tosses DeLorean widow's 'Back to the Future' lawsuit
    Finance
    Associated Press

    Court tosses DeLorean widow's 'Back to the Future' lawsuit

    A federal court has dismissed a lawsuit brought by the widow of automaker John DeLorean over royalties stemming from the "Back to the Future" movies. Sally DeLorean claimed a Texas company using the DeLorean name had illegally accepted royalties from Universal Pictures for the promotional

  • Schwab (SCHW) Q3 Earnings Beat on Higher Revenues, Costs Up
    Finance
    Zacks

    Schwab (SCHW) Q3 Earnings Beat on Higher Revenues, Costs Up

    Charles Schwab (SCHW) delivers positive earnings surprise of 1.6% in third-quarter 2018 on top-line strength.

  • Sears, once a retail titan, files for Chapter 11 bankruptcy
    Finance
    Reuters

    Sears, once a retail titan, files for Chapter 11 bankruptcy

    The bankruptcy filing to reorganize debts of the parent of Sears, Roebuck and Co and Kmart Corp follows a decade of revenue declines, hundreds of store closures, and years of deals by billionaire Eddie Lampert in an attempt to turn around the company he acquired in 2005 for $11 billion. Lampert, who

  • Janus's Maris Sees 'Tremendous Opportunities' in Bifurcated Market
    News
    Bloomberg Videos

    Janus's Maris Sees 'Tremendous Opportunities' in Bifurcated Market

    Oct.15 -- George Maris, co-head of equities - Americas at Janus Henderson, discusses global markets, growing concerns facing investors, and pivoting out of U.S. tech into China. He speaks on "Bloomberg Markets."

  • The Latest: UK's May says Brexit deal with EU not far off
    Finance
    Associated Press

    The Latest: UK's May says Brexit deal with EU not far off

    British Prime Minister Theresa May says the U.K. and the European Union are not far apart in Brexit negotiations and a divorce deal remains achievable. Speaking to lawmakers Monday after weekend Brexit talks failed to make a breakthrough, May said "the shape of a deal" is clear in most areas

  • Business jet show kicks off amid optimism over U.S. tax cut-spurred demand
    Finance
    Reuters

    Business jet show kicks off amid optimism over U.S. tax cut-spurred demand

    The latest features of corporate jets, from high-end technology to hot showers at 40,000 feet, are on display at a flagship industry show in Orlando this week, where planemakers expect booming demand, helped by U.S. President Donald Trump's changes to the tax code. After years of sluggish sales,

  • Lululemon founder: 'Athleisure' term is totally lame
    Finance
    CNBC

    Lululemon founder: 'Athleisure' term is totally lame

    Lululemon Founder Chip Wilson speaks to "Squawk on the Street" about his new book, "Little Black Stretchy Pants," and his views on the industry.

  • Finance
    Associated Press

    Business sales have healthy gain, prices up over 11 percent

    As demand for small businesses increases, so do their selling prices, a sign that owners are reaping the rewards of keeping companies lean and healthy since the recession. Sales of small businesses have been increasing for nearly six years as companies first recovered from the recession and then began

  • Market Open: October 15, 2018
    Finance
    CNBC

    Market Open: October 15, 2018

    CNBC brings you fast, accurate, and actionable business news and market updates.

  • AstraZeneca halts UK investments due to Brexit - Le Monde
    Finance
    Reuters

    AstraZeneca halts UK investments due to Brexit - Le Monde

    AstraZeneca has suspended investments in Britain due to the lack of clarity over the country's departure from the European Union, the pharmaceutical firm's non-executive chairman Leif Johansson told France's Le Monde newspaper. British Prime Minister Theresa May was facing growing pressure

  • Finance
    U.S.News & World Report

    5 Products That Will See the Biggest Black Friday Discounts in 2018

    On Black Friday, practically everything goes on sale. Pay close attention to the Instant Pot in particular. This popular kitchen gadget has a huge following, and Walmart and Amazon have been locked in a two-year price battle to capture new customers.

  • Finance
    Associated Press

    British PM May: UK and EU not far apart on Brexit, talks have made "real progress," deal is achievable

    British PM May: UK and EU not far apart on Brexit, talks have made "real progress," deal is achievable.