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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