With our rulses to suspend trading because we wanted to make sure that nyse stocks wouldnt be negatively impacted. Trading on platforms other than the floor was uneffected and despite the halt nyse consolidated volume which captures trading across all platforms was heavier than normal due to the Global Market sell off. Speaking of stocks lets check on how todays session is shaping up. U. S. Equity futures looking for a bounce back after the big sell off yesterday. Dow futures implied with an open plus 150 points. Heres big stories were watching today at this hour. Well start with china. Beijing taking drastic steps to prop up its market there. Along todays move banning shareholders with large stakes in listed firms from selling. It closed up nearly 6 . Elsewhere, south korea rates overnight but did have the countrys Economic Growth forecast. And then of course have to keep updating you on the situation in greece. Meantime germanys Central Bank Warns that greek solvency should not be in
Philadelphia southward, areas that have not had a freeze yet is getting their first one. The actual air temperatures have gone down during the day. Down to 32 degrees right now in allentown. You can see the temperatures in philadelphia by 7 00 a. M. Down to 25 and other places going pretty close to the teens and near record levels. Tell you more about what places are most likely to set the records and when were going to warm up, coming up in a few minutes. A cold blue alert goes into effect in philadelphia at 7 00 tonight. That means outreach teams will patrol the streets, encouraging the homeless to come indoors. Extra shelter beds will also be in place. That code blue alert runs through 7 00 a. M. Sunday. Plan ahead for the cold weekend with weather on the nbc 10 app. Get the hour by hour forecast for your neighborhood right on your smartphone. 20 minutes of nonstop news continues with one of the most popular comedians in the country admitting to allegations of Sexual Misconduct agai
Sara eisen, jon fortt at microsofts edu event in midtown, manhattan. First up this morning, apple is going to have earnings after the close tonight. Stock hits another record high, its cash hoard could swell to a quarter of a trillion dollars. Josh lipton joins us from apple hq in cupertino with all the details. Hey, josh. Well, carl, apple stock surged more than 60 from its low last may. So can tim cook keep those bulls in charge . After the close today, the street expects apple to report eps of 2. 02 on revenue of nearly 53 billion. They are expected to ship 52 million iphones in the quarter. Thats because many iphone fans could be delaying upgrades as they wait for that new iphone in the fall. He says the wild card this quarter, gross margins, apple could get stung by higher component prices, but could also benefit as is now withholding royalty payments to contract manufacturers in that ongoing brawl with qualcomm. Beyond the hardware, a lot of attention paid to Apple Services which
We will tell you what has him so bullish. We start off with the biggest stock in the world, apple reported earnings moments ago. The stock was falling after a revenue miss. We got full team coverage. Our joan e own josh lipton is at apple headquarters on a brandnew red iphone. We will check in with him later often. Josh, we kick it off first with you. Mel lit i lisa, lets start with the this iphone, they were down year over year, in an interview with ceo tim cook who cold me in part that demand looks better than those units suggest because he did take down that channel inventory that 1. 2 Million Units in a quarter. He said iphone fans may be deferring that upgrade because of what they think is coming. He told me, we have seeing a delay in purchasing behavior, we think is a consequence of the number of groomers and reports about future products. That is happening. However. If you look at the iphone outside of greater china, iphone units grew very nicely. We had more upgraders in the fi
One of the most widely reported incidents of course was at chicago with united flight 3411 and lots of lessons to be learned and im sure were going to hear what some of those Lessons Learned both with the airport and the airline and the industry are today. In looking at what happened, Sarah Cantwell along with senator nelson sent an meddler and that letter said the last thing a paying Airline Customer should expect is to be physically taken off an airline and the purpose of todays hearing is to follow up on the letters we sent, the responses we got, and really to find out what went wrong and what are we going to do to be sure that doesnt happen in the future. This is a year where faa reauthorization needs to occur between now and december 30th and part of this hearing is to determine what needs to be taken care of without the congress and what needs to be taken care of in the law itself. Im going to turn to senator cantwell for her opening comments. Thank you, mr. Chairman. Before i st