Of credit sweets forecast trim and it worked but stocks slipped again. But then this morning we get a different kind of note. A Research Note from Goldman Sachs entitled the shift to apple as a service. This piece was a totally refreshing and, yes, intellectually pleasing way to look at apple as a company transforming from a hardware play, a simple maturing cell phone company, into more of a Service Provider with the fabulous install base that will have recurring revenues including the upcoming tv service and other Attachment Services like the apple watch. This piece makes so much sense. Why should apple forever be pegged as just a cell phone story when it has so much else going for it . By the way, we have reports of another apple supplier from china saying the phone business is quite strong, totally disputing the asian team channel checks from credit suisse. This whole thing reminds me of the summer when tim cook told me china sales were strong even as every channel check by the asia
Slumber and regained their gusto as part of a broader move higher. S p up 1. 6 , nasdaq 1. 9 . Lets start with apple. After reporting a terrific quarter back in october where the company delivered on every single metric, apple stock had started percolating like the old days rallying from the low teens to 122. But when it got there, Credit Suisse came out with a brutal forecast of reduction based on weak supplychain orders discovered by, and i quote, our teams in asia. At the time i said here we go again, yet another Research Firm has used its team in asia to discern weakness in apples Product Sales by measuring components. Something thats been done dozens of times since the 2009 when the stock was at 11. How many times has this channel check asian team kept people out of making big bucks with apple . For every new product, every cell phone chain, ive heard about supply chain weakness from asian teams, brokerage firms. This note was particularly destructive because it came from a bull w
S p up 1. 6 , nasdaq 1. 9 . Lets start with apple. After reporting a terrific quarter back in october where the company delivered on every single metric, apple stock had started percolating like the old days rallying from the low teens to 122. But when it got there, Credit Suisse came out with a brutal forecast of reduction based on weak supplychain orders discovered by, and i quote, our teams in asia. At the time i said here we go again, yet another Research Firm has used its team in asia to discern weakness in apples Product Sales by measuring something thats been done dozens of times since the stocks historic run from the generational lows of march of 2009 when the stock was at 11. How many times has this channel check asian team kept people out of making big bucks with apple . For every new product, every cell phone chain, ive heard about supply chain weakness from asian teams, brokerage firms. This note was particularly destructive because it came from a bull with an aptly titled
We are in london. A the Greek Parliament passed 2015 budget last night, but they havent reached an agreement with their creditors to receive their final payments for some 7 billion euros. Ministers meet in brussels today after the german chancellor increased pressure on france and italy to reform their economies. Hans nichols joins us now from berlin to discuss this. Is there a solution for greece or are the markets really spooked . It looks like Wolfgang Choi blood may have just hinted at a solution. You have a technical extension, a longerterm discussion about what greece needs to do. We are talking about 2. 5 billion euros. Wherepeaking in brussels finance ministers are gathering, he says, it looks like greece will need more time. That is more time for the longerterm bailout. There has been a lot of talk about a technical extension. Markets. D calm when we saw this whispered about last week, you saw yields starting to drop on greek debt. There is a little bit of exasperation, franci
Because with time comes change and what matters in the end is that you are Strong Enough to support it. Mufg, we build relationships that build the world. And now, bbc world news america. This is bbc world news america reporting from washington. Hackers break into the twitter and youtube accounts of the u. S. Military central command. They say they are working for Islamic State. France launches a Major Military deployment to try to stop another terrorist attack. By tuesday, 10,000 troops will guard areas at risk. Survivors return to class with a mix of grief and determination. Welcome to our viewers on Public Television in america and around the globe. Hackers claiming to be acting on behalf of Islamic State have broken into the twitter and youtube accounts of u. S. Central command. Theyve released a statement saying operational military networks were not compromised. Others say it is very disturbing. For a brief time this morning when you went on to central commands youtube site, this