Speaker pelosi remains optimistic about a preelection aid package. I dont know talks are continuing today not sure how Mitch Mcconnell feels about all that yeah, we got meadows on the tape too making some comments about that well get to that in a bit, guys lets start with snap. Hard to start anywhere else as they crush the estimates, revenue up 50. Rbc this morning says the growth looks less like a v and more look a check mark. And i saw you gave evan spiegel shoutouts on twitter last night. I had to. Doesnt have a lot of followers. Didnt bounce it back to me. Unlike there is some people who get right involved like one of my guests today. One thing i found that was spectacular was when i first started the street, we had a guy from advertising, he said, look, the holy grail is to get someone to start using colgate when theyre 16 snap augmented reality is all about reaching that age before they decide, you any, look, it is going to be old spice or going to be whatever, i dont know, churc
Good morning, it is 8 00 a. M. At apple park in coopertino it is 11 00 a. M. On wall street, and squawk alley is live. Good Tuesday Morning welcome to squawk alley. Im jon fortt. Were going to kick things off with apple, just under two hours away from a big event this afternoon where we expect to see a new ipad and a new apple watch. I argue this is the most important launch for those products since their debut why . The environment that were for the ipad it is all about covid productivity people are trying to buy devices for work from home and school from home. They are trying to extend their lead on the tablet space and what about the watch its all about Health Monitoring as people work out from home and now look for additional tools to monitor their vitals during covid. Apple might provide the knockout punch and make things like googles proposed deal for fit bit irrelevant if it was a fortune 500 company, that would have put the ie had alo alone ahead. One star of the show today cou
[laughter] i heard that one already. will: yeah. try having a sitdown with that person. it never goes well. we have had it. you leave right now and play now and give you six months pay. that s half of your entire contract. please, just just go. [ laughter ] see if i stay the whole year, i get it all. will: sound logic. george always had sound logic. i don t know if we can say the same for the city of oakland in california who in this analogy is george castanza. they haven t sat back and realized covid is over and it has been for a while. but the city in the bay area is still operating under pandemic insanity and they do not want it to end. oakland hasn t killed its covid eviction moratorium. in fact, right now as we speak, they are holding hearings on potentially ending that moratorium. possibly extending it though into july. too little, too late. if you are a tenant in oakland you haven t had to pay rent for the past three years. on the other side of that, there
In fact, if you arent at least a little worried at all times, you cant call yourself a professional all pros are paranoid in this business why . Because without some permanent paranoia, you end up missing days like today where the dow lost 158 points, and nasdaq plunged 1 no day can be dismissed, especially not a big down day like this one where you might miss some major disaster lurking around the corner. Before you get to what has me concerned here, let me point something out. I got into this game im older than the old pros who hate to call it the game i got into the game at 1100. The dow is now 21,000320 back then the dow had just run up 300 points over a series of months to get to that 1,100. I liked the tape i liked the market what did i hear at the time . First people told me that i had missed the move. It was over. It was based on nothing. So forget about it second, they said theres no reason to believe the future would be better than the past. This was in the early 1980s. The j
So much curiosity around the world for what the two leaders will be discussing in that meeting. One of the questions on the american side is whether donald trump would press Vladimir Putin on the issue of russias interference in the 2016 election campaign. No word yet on whether any of that was discussed well wait for some more reporting. There you see the picturing of the two leaders earlier before their meeting. We heard a bit from the president about what it was the two leaders were discussing today. He kept it fairly high level and fairly vague, but heres what President Trump had to say president putin and i have been discussing various things and i think its going very well weve had some very, very good talks. Were going to have a talk now and obviously, that will continue but we look forward to a lot of very positive things happening for russia and the United States and for everybody concerned. And its an honor to be with you. Reporter so the president there saying its an honor t