iPhone 7 sales strong

iPhone 7 sales are strong.

T-Mobile and Sprint say they’ve seen record pre-orders for the new phone.

T-Mobile says pre-orders for the latest version are almost 4 times what they were a year ago, when the 6 was introduced.

Sales were helped when all four major carriers offered a free iPhone 7 to customers who traded in an earlier model and agreed to stay on for two years.

The Bayer buyout of Monsanto is nearly done, according to reports from Reuters and others.

A deal could be announced as early as today and is said to be worth 65 billion dollars.

The deal would combine St. Louis-based Monsanto, known for its genetically modified crop seeds, and Bayer, the German manufacturer of a wide range of pesticides as well as aspirin.

Stocks tumbled on worries about economic growth.

The problem was oil; it fell as economies around the world don’t need as much because of weakness.

The Dow lost 258 points.

Americans saw a raise for the first time since 2007.

After years of watching their incomes go nowhere, America’s middle class finally got a big raise last year.

Median household income rose to 56-thousand 516 in 2015, up 5 percent from a year earlier, according to the U.S. Census Bureau.

The poverty rate also fell.

Millennials are picking pets over people.

Young Americans are less likely to own a home or a car then previous generations but Mintel research says they do lead in pet ownership.

Three-fourths of Americans in their 30s have dogs…. 51 percent have a cat.

For more business headlines from Jane King at the Nasdaq, watch Daybreak Monday through Friday.

Categories: Daybreak, Morning Business Report

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