We will tell you what has him so bullish. We start off with the biggest stock in the world, apple reported earnings moments ago. The stock was falling after a revenue miss. We got full team coverage. Our joan e own josh lipton is at apple headquarters on a brandnew red iphone. We will check in with him later often. Josh, we kick it off first with you. Mel lit i lisa, lets start with the this iphone, they were down year over year, in an interview with ceo tim cook who cold me in part that demand looks better than those units suggest because he did take down that channel inventory that 1. 2 Million Units in a quarter. He said iphone fans may be deferring that upgrade because of what they think is coming. He told me, we have seeing a delay in purchasing behavior, we think is a consequence of the number of groomers and reports about future products. That is happening. However. If you look at the iphone outside of greater china, iphone units grew very nicely. We had more upgraders in the fi
Rules that give americans more online choice, and feeds and innovation in short digital opportunity. We are going to deliver. Earlier today, i shared with my fellow commissioners a proposal to reverse the mistake of title two and return to the framework that served the nation during the clinton administration, bush administration, and the first six years of the obama administration. And that was fcc chair ajit pai and our discussion on the the communicators is about his Net Neutrality proposal. Jeffery eisenach of the American Enterprise institute and advisor for the Trump Campaign and chris lewis Vice President of Public Knowledge the consumer group. Mr. Lewis, what is your take on what the chairman proposed . We are concerned. We think the Net Neutrality rules are working. They are wildly poplar. Overwhelming majority of americans want clear rules of the road by a protected and open internet. We are concerned he is going down a path to review and repeal some or all of the rules. Host
Democrats claim victory on the new 100 spending bill. And president and his team saying not so fast, have you it wrong, and misleading the american people. First this, apple shares sinking about 2 after hours. We head to Laurie Rothman on the floor of the new york stock exchange. Reporter a big disappointment. Three key misses. Slightly on revenue. This was a huge surprise, this is seasonaly weak quarter for apple iphone sales just before the unveiling of the next version of key product. 50. 8 Million Units, lower than 52. 25 Million Units apple was hoping to sell. Revenue guidance, 43 1 2 to 45 1 2 billion is the range, analysts were looking for upwards of 45. 6 billion dollars. We also learned that apples free cash glo cash flow swelled. If also announced a 50 billion capital return program. They will raise the dividend by 10 . Authorize a big Share Repurchase program. To enhance the share price. Which closed a record yesterday, alltime high before fading back today, and during the e
Shares of the morning times up. As the president would say bigley on the back of its strong earnings. The ceo of the nyt joins us live. Power lunch starts right now. Welcome to power lunch. Im michelle carusocabrera. Major averages are lower but Holding Steady ahead of the fed decision. This move in the nasdaq down 29 points. Right now thats the biggest drop in more than a month. The nasdaq still off lows of the day. Check out whats moving, a retail wreck this hour. Groupon and etsy leading declines on the back of their weak earnings. Groupon down 15 and etsy is down almost 10 . Melissa . Im melissa lee. Puerto rico announcing a historic debt restructuring on a portion of its 70 billion of debt. The move comes after talks with bondholders failed fbi director james comey grilled defending his decision last year, just days before the president ial election to reopen an investigation into Hillary Clintons email. And facebook making a major move to crack down inappropriate material. The so
The biggest mover when you get sort of adjustments, well, a little bit. But not really. 2. 35. Kind of hanging in there. Crude oil has been one of the bigger stories of the week of course with its significant drop over lets call it the last week or so. Oh, its a crash. Crash. I would put it when you have its almost one of the things that we have to talk about was there two hedge funds somebody didnt liquidate it. 53 or 54, straight line, i think it borders on a crash. Straight line. One of the stories were following this morning. Lets get to the others and our road map it starts with of course the u. S. Employer employment picture. U. S. Employers picking up the pace of hiring. The Unemployment Rate fell to the lowest level in nearly a decade. Plus oracle of omaha, is r ouring is osouring on ibm. Jim and i may wonder what took him so long. A warning to the Trump Administration. Ges jeff immelt calling on government to try harder to avoid the protectionist policies and to level the Play