From apple yesterday plus, jim, fedex and adobe to kick around from last night. Wow i mean, these were congratulations gentlemen and ladies calls because the numbers were so unbelievably good, much better than people expected. Now, this is rather amazing, carl why . Because there were firms that upgraded and pushed and raised numbers for weeks and yet they were dramatically exceeded, fedex because of e com, 96 of the growth is e com and adobe because its how companies are able to digitize quickly, particularly retailers, in order to be able to take advantage of this this amazing wave, this amazing boom of ecommerce to the home because of the pandemic so how can there be such a structural thematically strong story behind ecommerce and packages and growth and the targets that fdx has pulled forward by years and all the good news today on vaccines and therapeutics well, i think whats really convincing here with fedex is that theyre talking about how theres actually a weak economy in the S
Cap off the best quarter since 2004. We have a labor market improving. Gasoline prices which remain low. The number coming in at 93. This is university of michigans confidence reading. 95. 4 is where it was in february. The average from january through march was the highest we have seen ends the Third Quarter of 2004. If you look at the various components within confidence you want to look at the Inflation Expectations in particular. It looks like Inflation Expectations over the next year remaining at 3 , which is what economists had predicted. We will continue to look through these numbers. Overall, not seeing as much of a drop in the confidence number as had been anticipated. Matt thanks very much. Breaking the march news, the Consumer Confidence number they are at 93. Number there at 93. The top business stories of the morning. Big news out of washington. The most powerful democrat in washington will retire. Harry reid will not seek reelection. He has been the democratic leader for
Now apple is counting on new ipads to boost tablet sales which a full and for the last two quarters. They are also expected to unveil new macs and the latest version system. Ac operating the apple store site has been several hoursast with a message that they will be back soon. Kedrosky and paul wired. Entered of and president of the Global Design firm winner lunar. How big a deal is todays event . Click not as big a deal as the last event. The ipad is not as much of apples revenue as it used to be. Tablet sales are not going well or anybody right now because of larger phones taking the tablets place. The ipads will be unveiled and the new imacs will be a filtered but they will talk more about yosemite and isa. Off the tabletde just yet . No, and i think apple is king of teasing us with innovation. But we are seeing them nudge things along, really to respond to what is happening in the market. Updates and hardware and software are par for the course. Sojust saw the apple watch, we are n