Apple’s stock leads Dow gainers as it climbs toward another record

Shares of Apple Inc. rallied $2.17, or 1.4%, in afternoon trade Monday, putting it on course to close at a second record high in four sessions since the tech giant reported better-than-expected fiscal third-quarter results after the Aug. 1 close. The stock is the leading percentage gainer among Dow Jones Industrial Average components, while the price gain is adding about 15 points to the Dow’s price, which is up 16 points. The stock is still below its all-time intraday high of $159.75, which was reached on Aug. 2. Apple shares have run up 37% year to date, while the tech-heavy Nasdaq 100 Index has climbed 22% and the Dow has gained 12%.

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DirecTV Now adds networks and sports programming from CBS

AT&T Inc. said on Monday it’s inked a deal with media and entertainment company CBS Corp. to carry the network’s programming on its stand alone live streaming TV platform DirecTV Now. The deal includes CBS’s main broadcast network, The CW, Pop, CBS’s Sports Network and its premium cable network Showtime is available as an add-on. DirecTV Now will gain access to The Grammy’s, as well as CBS’s NFL, March Madness and SEC programming. Live events and sports have been a linchpin for cable TV as viewers cut the cord in favor of cheaper and often more convenient streaming platforms and skinny bundles like DirecTV, Hulu’s live TV service, Google Inc.’s YouTube TV and Netflix Inc. . Shares of AT&T are down more than 9% in the year to date, while CBS shares are up less than 1% and the S&P 500 index is up nearly 11%.

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Oil prices retreat as OPEC meeting gets underway

Oil futures finished lower on Monday as investors remained skeptical over any viable results from an OPEC meeting to dicuss an agreement to limit crude oil production and stabilize prices. On the New York Mercantile Exchange, West Texas Intermediate for delivery in September slid 19 cents, or 0.4%, to settle at $49.39. Members of the Organization of the Petroleum Exporting Countries will wrap up their two-day meeting in Abu Dhabi, United Arab Emirates on Tuesday.

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Chemours’s stock jumps toward record close after UBS upgrade

Shares of Chemours Co. rallied 1% in afternoon trade Monday, on track for a record close, after UBS backed away from its bearish stance on the performance chemicals company for the first time in two years. Analyst John Roberts upgraded Chemours to neutral, after being at sell since Aug. 18, 2015. He raised his stock price target to $50, which is about 0.4% above current levels, from $36. Roberts wrote in a note to clients that his “prior concerns regarding [Chemours’s] ability to deliver costs savings, fluoroproducts growth and liabilities…have been disproved given company performance.” The stock had reported last Thursday second-quarter that rose more than expected. The stock has rocketed about five fold since Roberts went to sell in August 2015, or two months after it completed the spinoff from DuPont Co. , while the S&P 500 has climbed 22.5%.

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Fed’s Kashkari says he’ll remain doubtful there are worker shortages until wages rise

Minneapolis Fed President Neel Kashkari said Monday that businesses who complain they are having trouble finding workers but don’t raise wages are just “whining.” In a question-and-answer session in Sioux Falls, South Dakota, Kashkari said short-handed firms during the recent oil boom in North Dakota raised wages and “people responded.” “Are you really struggling to find workers? If so, the proof for me is you are raising wages. If you are not raising wages, then it just sounds like whining,” he said.

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December gold ekes out a slight gain

Gold prices finished fractionally higher Monday, but with enough of an advance to end a skid for the precious metal at three sessions. December gold settled 10 cents, or less than 0.1%, higher at $1,264.70 an ounce. The move for gold futures comes as U.S. stocks were trading modestly higher, highlighted by the Dow Jones Industrial Average’s attempt to carve out a ninth straight close in record territory, drawing some demand away from haven assets like gold.

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Bank of Tokyo-Mitsubishi UFJ charged with spoofing in Treasury futures by CFTC

The Bank of Tokyo-Mitsubishi UFJ was charged by the Commodity Futures Trading Commission for engaging in multiple acts of spoofing in a variety of futures contracts on the Chicago Mercantile Exchange and the Chicago Board of Trade, including futures contracts based on United States treasury notes and Eurodollars. The CFTC fined the firm $600,000 over activities from 2009 to 2014, done by an employee using the firm’s Tokyo office trading platform. The bank voluntarily reported the infraction, the CFTC said.

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