Summary: The Hollywood writers reached a deal with the studios on pay per episode and royalties on re-runs. If the two sides didn't reach an agreeement by the midnight deadline, it would have been the first writers strike since 2007. Apple is out with its earnings after the closing bell today. The big focus this quarter, like many quarters, is on the company's flagship smartphone products. iPhone sales are expected to increase 4.3% from a year ago. Analysts also hope Apple will share some insight about the expected iPhone release in September. Aetna says full year earnings per share are $4.48 to $4.68 and revenue was $15.17 billion versus a little more than a year ago. However, the insurance company overall had a net loss, due to the costs of the termination of the Humana merger. The House Financial Services Committee marks up its replacement to Dodd-Frank act. The Senate Commerce Committee studies broadband infrastructure. The Federal Reserve begins a 2 day meeting.
