Asia where we count down to asias major market open. Haidi apples sales disappoint overshadowing record Quarterly Services revenue. Amazon gaming after the bell as the outlook beats the street. A risk off following a slump in u. S. Stocks and bonds focus shifting to fridays jobs report for clues on the feds next steps. Donald trump pleads not guilty in a washington courtroom on charges of trying to obstruct the 2020 president ial election. It election. We are getting news when it comes to singapores ocbc reporting Second Quarter net income of 1. 71 billion sing dollars. A little shy of 1. 7 4 billion. Being declared of 40 sing cents. Net interest margin at 2. 26 , the estimate was for 2. 25 . The common equity tier one ratio sitting at 15. 4 . Noninteresting cover, one point z7 bion sing dollars, a little bit of a beat on expectations, total income at 3. 6 billion be on expectations, profit seems to be increasing based on a year ago based on what we heard from analysts. We had been exp
Is this another sign that the postpandemic travel boom is running out of gas im melissa lee, this is fast money, were live at the nasdaq ma marketsite we start off with a huge slate of earnings. Apple and amazon headlining the afterhours action. Full Team Coverage on all these names. We start off with steve kovach and apples big quarter. Steve . Yeah, melissa, it is, like you said, the Third Quarter in a row of falling sales, with revenue still beating estimates, but down 1 year on year so, revenues coming in at 81. 8 billion, street was looking for 81 p . 69 billion and the eps was a bigger beat, 1. 26 versus 1. 19 expected. Iphone, slight miss, coming in at 39. 67 billion. Just a couple hundred mill short of expectations there. But the story today is going to be services. Hitting a new record of 8 year on year. Growth accelerating there, booking 21. 21 billion in revenue there. And gross margin, i want to point out the expansion there, also beating expectations, 44. 5 gross margin, a
Numbers and, of course, the payroll report tomorrow, which leads us to our talk of the tape we ask how results from apple and amazon right after the close of trading might drive the tape from here. Here to discuss all that is stephanie link, and malcolm etheridge, both are cnbc contributors both are here at post nine as well welcome. Hi. Steph, obviously, look, apple and amazon together more than 10 of the s p they matter for the index how the market reacts to the numbers. In general, in the context of an earnings season that has been strong relative to expectations, the mark kind of shrugged on some level, where do you think that leaves us as we figure out if this has just been a little bit of an air pocket in august i think it is a little bit of an air pocket, digesting the doubledigit gains we have seen across almost every indices. And i think august can be volatile maybe trade around, maybe to september, mike. But i think the economy underlying is pretty good. The Economic Data has
Af reporting after the close today. And the one central bank cutting Interest Rates despite inflation. This as we an wait the latest fm the bank of england. First, amd and qualcomm coming up short and giving investors new reasons to worry it is thursday, august 3rd you are watching Worldwide Exchange here on cnbc good morning welcome to the show. Im dom chu in for frank holland. Lets check in on stock futures. Losing steam we are sitting at or near session lows for the futures market s p is implied lower by 15 points Dow Jones Industrial average lower by 100 nasdaq down by 60. You can see a sharp leg lower right around when europe just started trading and it has been drifting lower since here. We currently stand at 4,520 for the s p. This was all after a rough day for wall street on the heels of the fitch downgrade. Nasdaq posting the worst day since february right now,. 50 to the downside. S p down 1 . Some conviction in the move lower based on volume. By the close yesterday, spy clos
To nine months. And that is the key to how the Apple Growth Story Plays Out Stop , plays out. Interestingly, the other servers went up also what are the other services . Overall Services Continue to be strong, a key part of apple growth story, and really that is something they are building out further and further. Youre going to also have, going into this next year, cloud, i think app store, if you look at that, that continues to uptick. That has been a big part of what i call the re rating of apple stock. Meanwhile, Retail Giant Amazon has reported a quarterly profit that smashed market expectations. For 02, that came in at 6. 7 billion, eclipsing forecasts. In fact, this was amazons biggest earnings reveal since the last quarter of 2020. My colleague Michelle Fleury with more. Amazons results show its firing on all cylinders. It turned in a strong Online Retail performance and registered higher sales at its Cloud Computing business. Revenue for the Second Quarter rose ii . Investors