Apple (AAPL) Suffers After Foxconn Investigation & Chevron (CVX) To Buy Hess (HES)

Apple (AAPL) is lower after the Chinese governments opens an investigation into Foxconn. Tax officials conducted office searches at locations in Guangdong and Jiangsu provinces. Foxconn stated that “we will actively cooperate with the relevant units on the related work and operations.” Renita Young discusses this along with news that Chevron (CVX) is to buy Hess (HES) in at $53B all-stock deal. Tune in to find out more about the stock market today.