Wall street closed pretty flat yesterday but enough for the nasdaq to make it another record close. the market being helped by a robust earning season. wall street keeping an eye on the conclusion today of the fed s two day policy meeting. we re not expecting a rate hike but looking for comments about the slow down in economic growth. april tell iphone sales are down. earnings were reported after the close. iphone sales fell 1%. apple ceo tim cook blames rumors of an upcoming iphone 8 for the drop. sales for the smartphone went into a slump last summer earning apple s first decline in sales since 2001. the company reported $256 billion in its stockpile. just in cash. like a bank in its own right. most of that cash sitting overseas. airline passengers paid a million dollars more a day in
Or simply do stock buy backs? neil: let s say we don t even have to let s say it is a 10% rate, then the company and what it does with that, that s not the point. the point is, that money comes home, that is tax let s say in this case, $256 billion comes back with a tax tab on it, and the government can do with it what they wish. the president maybe with the tax cuts or something goofy, but what do you think of that? this president will do whatever he can to shine bright things in the face of the ceos like tim cook and politically, it is smart for a company like apple to play ball a little bit here. does it necessarily mean that they re going to reinvest all of their money here in the united states, and like charlie points out, does that translate to jobs? no, it doesn t, but it could be a short-term solution. but again, neil, $25 billion,
Cities safer are fools. as i said the other day on fox, we receive, greg abbott and i received almost 50% of the hispanic vote in the last election. hispanics support law and order just as much as everyone else. neil: thank you, we ll keep an eye on this and where it is going. we re keeping an eye on i call them barometer earnings, apple, disappointing a little bit, although it did beat estimates. iphone sales were below expectations, a lot of people waiting in the fall for the ten-year anniversary phone coming out, the iphone 8, whatever it is. shares are down about 2 dollars 50. the stock had been running up fast and furious. $256 billion, more than most countries.
neil: all right, here is good news/bad news on apple. reporting after the bell earnings better than expected. bad news, sales worst than expected. the incredible news cash hoard over the top, more than anyone expected, $256 billion, that s what this technology jugg juggernaut has on hand. charlie and kennedy, that s a lot of money. oh, that s a lot of money. so you don t have to cry for tim cook tonight. apple sitting on $250 billion in cash. sales a little softer, and neil, as you also pointed out during the break. mac nerds are waiting for the 10-year anniversary phone. they re still snapping up the 7 and 7 plus. sales were a little softer than expected, but still, quite robust. so in the tim cook era, there is
14 days and begin next month. keep watching that, heather. the president promised obama care would accomplish a lot. but for millions of people it has brought more. we have talked to doctors and insurers to separate fact from fiction. dr. seigel is here from the medical a team. the first question that i have for you is obama care will save on healthcare costs fact or fiction? that is fiction. the reason that s fiction is because we already know that we are projected out, total healthcare costs according to the center for medicare and medicaid services it will be over $4 trillion in 10 years. it is over 3 trillion now. it used to be 256 billion in 1980. it is continuing to rise despite obama care. it is not controlling costs. how can it when you consider our insurance policies are front