Stocks struggle as Broadcom offers to buy Qualcomm

Stocks are struggling to extend its record highs this morning. Meanwhile, investors are focused on a major merger in the chip sector, as President Trump continues his tour of Asia. Yahoo Finance’s Alexis Christoforous, Editor-in-Chief Andy SerwerJared Blikre, Melody HahmDaniel Roberts, Ethan Wolff-Mann and Myles Udland discuss the big stories of the day.

Today’s topics:

  • 26 people dead after Texas shooting
  • ‘Paradise Papers’ leak put the spotlight on Commerce Secretary Wilbur Ross
  • Broadcom offers to buy Qualcomm
  • New York Fed President Bill Dudley to retire
  • Saudi Crown Prince Mohammed Bin Salman arrests 11 princes
  • Apple, Twitter, Citigroup among secret holdings of Saudi Prince Alwaleed
  • Sprint and T-Mobile end merger talks
  • Sales top estimates for CVS
  • Mylan shares fall after earnings report
  • Michael Kors raises outlook
  • Amazon slashed prices on third-party sellers
  • Netflix scam steals credit card info
  • Mojiit taps Rob Gronkowski

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