Money Minute: Apple Rumor Mill Heats Up as Meeting Convenes

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Two more restaurant chains are telling their customers to leave their guns at home.

Chili's (EAT) and Sonic (SONC) both issued statements asking people to "refrain" from bringing their guns into the restaurants. They join Starbucks (SBUX) and Chipotle Mexican Grill (CMG), which had previously established "no gun" policies.

The Apple rumor mill is heating up. The company will live-stream its presentation at a major developers conference in San Francisco. It's done that only a few times before, mainly for major announcements such as the iPad Air. What could it unveil? Guesses range from the long-awaited iWatch to a new iOS platform. As usual, Apple (AAPL) isn't saying anything.

The Motorola Mobility unit of Google (GOOG) is abandoning its effort to build smartphones in the U.S. Just a year after opening a factory in Fort Worth, Texas, the company says it will close the facility by the end of the year.

More than 12,000 Europeans asked Google to remove some online information within the first few hours after the company set up a site to collect those requests. This follows a recent ruling in Europe known as the "right to be forgotten." It gives citizens there the right to request that Google and other search engines remove links to items that are deemed irrelevant, inappropriate or outdated.

"Sell in May and go away." That's one of the most often repeated sayings on Wall Street. The idea is, the market often loses ground during the summer, so get out in May. And history bears this out. According to the Stock Trader's Almanac, from 1950 through 2012, the Dow Jones industrial average (^DJI) rose more than 16,000 points from November through April but lost nearly 1,800 from May through October. Well, that strategy would have backfired so far this year.

The Dow and Standard & Poor's 500 index (^GPSC) both ended last week at record highs. And the Nasdaq composite (^IXIC) was the big winner for the week and the month, jumping more than 3 percent in May.

The best performing stock on the S&P 500 last month was Netflix (NFLX), up 30 percent after raising its monthly subscription fee. The worst performer was Whole Foods Market (WFM), down 23 percent after slashing its earnings forecast for the year.

-Produced by Drew Trachtenberg.


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44 Comments

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pwl.sey

Gun nuts. There is a reason these places are banning you kids.

MORE people want you gone, then there are of you.

Simple economics.

June 02 2014 at 3:53 PM Report abuse +2 rate up rate down Reply
tkngod

Then look for Chili's and Starbucks to lose business! I go nowhere that I am not legally armed pursuant to my constitutional right! And just what are they going to do if you carry in their restaurant...ban you?

June 02 2014 at 3:47 PM Report abuse -1 rate up rate down Reply
1 reply to tkngod's comment
pwl.sey

You won't go to Chili's. Good. But LOTS of families that don't want gun fetishists hanging about will be more than happy to patronize their establishments.

There are a lot less of you than you think.

June 02 2014 at 3:52 PM Report abuse +2 rate up rate down Reply
1 reply to pwl.sey's comment
pwl.sey

Frightened, sad, little people aren't solely a phenomenon of the United States.

There are cowards like you the world over.

Is that news to you?

June 02 2014 at 4:18 PM Report abuse +1 rate up rate down
ducklakeman

The libs are as dumb as is obama a lying ass. Libs love to believe that if guns are outlawed, illegal activities with guns will stop. Actually, listen up you dumb ass libs, crimes will increase. The criminal will run wild in the streets, knowing that their targeted victim will not be able to defend him/herself. Most they can do is call 911 AFTER they are robbed or car jacked.
Also, the U.S. army, under obama's watch and direction, will be ordered to fire on civilians. The army will less likely do so if they themselves may face gun fire.
obama is a true pile of human excrement. one lying sack of sh*t. His followers are cowards and will be glad to give up their freedoms so this country can become like Cuba, or Venezuela or Canada.
obama is a accomplice to mass murder, on a daily basis. He LOVES abortions and late term and partial birth abortions. He got the lib votes on that topic. Google his "Botched Abortion Law" he signed in 2013. lf you have the guts.
When an attempted abortion goes "wrong", the breathing and fighting for it's life "glob of tissue" is placed in a darkened room for the many minutes, hours, or days it takes for it do draw it's last breath. Class act barrack. Real humane. Do your daughters know you have blood on your hands? Seems most pro-choice people do not know the fact about partial birth abortions. Or choose to not think about it.
Hitler would be proud.

June 02 2014 at 3:30 PM Report abuse -4 rate up rate down Reply
2 replies to ducklakeman's comment
Liza

You're a full blown psychotic, duckman.
(if you hadn't gone off into tearing babies apart for fun (u must watch too many slasher movies) , I would have said you have a future in lurid, delusional fiction writing for a very select readership of frothing-at-the-mouth bunker-dwelling crackpots).
Just wow.

June 02 2014 at 3:44 PM Report abuse +1 rate up rate down Reply
pwl.sey

"Libs" are cowards? Yet you're the one scared to leave his house without a gun.

Sorry son. But that doesn't make any sense. When you get tired of being afraid of your own shadow, we'll talk. Sound good?

June 02 2014 at 3:48 PM Report abuse +3 rate up rate down Reply
sasha

If I see anyone packing in a store or restaurant I will not patronize again. I live in a rural area where interestingly you never do see anyone doing this. People just have guns, they have always had them and I own a rifle. No big deal.

The ones that have made packing a big deal are actually hurting everyone who owns a gun. They are the face of the absurdity of their interpretation of the 2nd.

What IS going to happen is the courts will some day go back to the way they were for over 200 years or even to 1791 when you were required, if white, to register your gun and have it inspected. Of course, the weapons then were flintlocks. No laser sights; no silencers; no paranoia.

June 02 2014 at 3:13 PM Report abuse +1 rate up rate down Reply
Jeff Connors

We'll the should ask people to refrain from driving their vehicles since they kill many more people than guns. I hope the make a nice long list of these restaurants so I know where not to dine. I will dine where I feel safe and that is where Americans can protect themselves.

June 02 2014 at 3:12 PM Report abuse -1 rate up rate down Reply
1 reply to Jeff Connors's comment
chris1011

I will not patronize any restaurant that allows people to drive into the building with their vehicle.

June 02 2014 at 4:30 PM Report abuse +2 rate up rate down Reply
pwl.sey

A well regulated militia being necessary to the security of a free state, the right of the people to keep and bear arms shall not be infringed.

I suppose this was true. Before this nation had a standing army.

Now, like conservatives, it's pretty much obsolete.

June 02 2014 at 3:03 PM Report abuse rate up rate down Reply
bilyd333

Left wing wackos love to believe in their own twisted minds that the world revolves around them. Guess what. It doesn't. Hasn't. And won't. Period!!!!
You insane losers need to learn this, but you can''t because you are too stupid. You also hate reality and truth. Your world revolves around lies. Look at who you worship....the liar in chief. The worst president EVER!!!
Keep writing your made up stories. Keep believing in them. Keep praying to your false god and prophet, his oloserness.
The rest of the world will just roll our eyes at you and laugh. We will continue to live in the real world. You people should do us all a favor and follow Jim Jones. Then you can spend eternity in hell writhing in pain. That is what you nut jobs deserve!

June 02 2014 at 2:58 PM Report abuse rate up rate down Reply
1 reply to bilyd333's comment
pwl.sey

LOL You conservatives sure are funny.

June 02 2014 at 3:01 PM Report abuse rate up rate down Reply
Liza

Oh well, this subject has brought out the worst in people and the worst people.
(and a few good ones, trying reason, but in vain with these neanderthalers.)

June 02 2014 at 2:51 PM Report abuse +1 rate up rate down Reply
steve99966

I will carry my weapon into Starbucks here in Florida where I have a carry permit.....Period!!!!

June 02 2014 at 2:31 PM Report abuse -1 rate up rate down Reply
1 reply to steve99966's comment
pwl.sey

What's it like? Living your life constantly in fear?

June 02 2014 at 2:36 PM Report abuse +1 rate up rate down Reply
rockmanatgv

I will not go to those restaurants and all should follow and see how well they do! There are a whole lot of gun owners verses non gun owners. I am tired of all this nonsense about all of the gun owners.

June 02 2014 at 2:30 PM Report abuse +1 rate up rate down Reply
1 reply to rockmanatgv's comment
pwl.sey

Kid, the number of gun owners compared to non gun owners is miniscule.

If you think you have more economic power, you are severely mistaken.

June 02 2014 at 3:06 PM Report abuse +1 rate up rate down Reply