Of trading, lets go to the close of trading where julie hyman has more. People are awaiting centralbank action, or inaction, as the case may be this week. Not Much Movement in stocks. On an intraday basis, we had a bigger pullback earlier this morning but then stocks have been bumping along in this range. If you feel that, look under the hood, you will see there is a lot of individual stock movement. It just has not been translating into much direction on the macro level. But of course it is earnings season. Day in because earnings terms of total number of companies reporting. Here are some of the winners we have seen. Caterpillar turned around today, it had been lower, but the company is now saying the Second Quarter may have been the worst for mining operations. So they may have bottomed come in other words. Texas instruments coming out with a positive forecast for the Current Quarter saying demand for the automotive sector and pictures around the home, that coming in above estimates
Look at the s p 500 over the see seven days, we will again, not much changed, only a. 1 move. Only midcap stockse performed better go. The small caps a little lower, but the midcaps are higher by 3 . We have allegheny technologies, with demandker from aerospace contractors. Crane also Beat Estimates and raised its forecast for the full year as well. Fallingtexas roadhouse after jefferies says we have reached the top in the restaurant cycle. Cadence missed estimates. Its also worth mentioning whats going on in the bond market today. Fiveyear notes, 34 billion worth, showing the weakest demand going back to 2009. This decline in yields weve been seeing is starting to have an effect. , a bit of action turnaround. Popave seen the yields go and a bit of an extension of that after 1 00 p. M. An increasing trend recently and something to Pay Attention to. Vonnie a theme for the week. Lets get a check on the first word news this afternoon. President obama will be hitting the campaign trail thi
Steady. Road map on a busy day for earnings including apple, coke and boeing. Apple surging in the premarket on the sfwheets more from the dnc. Less discord from inside the convention. President obama, joe biden and Vice President ial nominee tim kaine are on tap to speak today. Another tough quarter for twitter and jack dorsey, the stock plunging after results disappoint. What happens to the company next. But first up, apple shares are surging after the Company Reports a beat on the top and bottom line. Revenue did fall for the second straight quarter. Iphones saw the steepest sales decline year on year but that number was less than what the street was expecting. Analysts expecting an uptick in iphone sales when the new 7 is released later this year. Revenue guide not too bad. Jim, cost control, margin guide, okay. Yeah. I think there are probably people at home saying how could they have a huge decline and the stock run. The answer is in the number of iphones that they sold a lot of
Today . Speech therapy, trying to deal with the mutiny that was coming as a result of Bernie Sanders supporters who did not want to give in. After a storm calls for unity is the headline in the philadelphia inquirer. As the night went on it looked like the bernie supporters had finally calmed down. You heard john harwood report earlier about how Sarah Silverman told them they were being, quote, ridiculous. And that seems to have helped. Lets see what happens tonight with the big headliner. Former president bill clinton, historically hes always a crowd pleaser. But, guys, he has run into trouble with the black lives matter protests as hes been on the campaign trail a couple of times. But you can assume this is probably going to be a pretty friendly crowd tonight. Lets get over to brian and tyler back at cnbc headquarters. All right, michelle, thank you very much. So a ton in the Business World going on as well. Your power lunch menu seems very appropriate today because mcdonalds is the
Correction for stocks. Im in for melissa lee. Tonight we start with apple. The stock surging on a big top and bottom line about it. We just sat down with the ceo tim cook moments ago. Lets get straight to josh with the headlines. Josh . Sarah, i did sit down with ceo tim cook to go over the quarter. Let me give you the highlights. He said he feels fantastic about how the iphone did in q3. 40. 4 million un iits. Cooks point to me was that iphone demand was actually even better than what those sales might indicate because he took down that smart phone inventory by about four Million Units in the quarter. He also says he feels bullish about that iphone franchise looking ahead. He pointed at the q3 that the switchers from an zroidroids hi record. Iphone se he pointed out that, is the latest iphone, the four inch device, is attracting a whole new group of users to the ios system. And as for other products, ipad about ten million. That is a product still under pressure. Cook telling me this