Gene munster is gearing up for both of the calls. We kick things off with apple which is now negative after a brief pop after the release and josh lipton spoke with tim cook. Josh, whats the latest . Melissa, one question i had for tim cook is what hes seeing in china obviously, so important for apple as a key link in that cups supply chain and also as an important end market. I asked him what his iphone demand looked like in china and whether you can extrapolate for that and china is the leading indicator for possibly europe and the u. S. And cook telling cnbc there is a significant, steep falloff, and that began to recover some in march and weve seen further recovery in april and it leaves room for optimism. Its hard to tell thats a leading indicator and there are differences and the u. S. Has had a bold Stimulus Program and i think that will clearly help and im optimistic of the pace of the recovery in the United States i asked him about the work from home trend and so many millions
Spreads a little holiday chiara. Very good holiday for this one name all right. Thats not obviously all thats going on today so let us begin with the latest developments out of washington, d. C. , we are looking at the live look at the house floor. Lawmakers are closing in on a vote to impeach President Trump. Kayla tausche has the latest details. And the likely time line for you now, kayla. Brian, there is roughly two hours left of debate and remarks from Party Leadership before the house takes up a vote on two articles of impeachment against the president of the United States we just heard from the two congressman from texas moments ago. Republicans have lebron jamesly argued that President Trump is falsely accused of wrong doing by a party who doesnt like him. Democrats tried to argue that history will be on their side. A few moments ago we from justin amash who left the Republican Party earlier this year and may have president ial ambitions. He is going to be voting for impeachment
It really is way to early on this monday on august 21st. Im Katty Kay On August 21st in for jonathan lemire. We begin with the Tropical Storm pummeling Southern California. Hilary is already smashing records for rainfall across california with some parts of the State Reporting nearly 3 inches of rain yesterday. In addition to the Tropical Storm, Southern California residents also experienced a 5. 1 magnitude earthquake yesterday. Officials are reporting it did not cause serious damage, but it did produce several aftershocks. In response to hilary, governor gavin newsom declared a State Of Emergency. Hilary is the first Tropical Storm to hit Southern California in 84 years, almost a century. Turning to politics and new polling shows Donald Trumps hold on the Republican Base is as strong as ever. In a yougov survey, trump leads ron desantis, 62 to 16 . In third place is entrepreneur Vivek Ramaswamy. Hes at 7 . All the other candidates at 5 or less. Among them, the poll shows they trust t
J. P. Morgan and city topping estimates while wells fargo is hampered by rising costs. We will bring you the headlines. Mark have a look at european equities, 30 minutes until the end of thursday, the final trading session in europe before this long easter weekend. Dayencies were down for the after two weeks of gains. Trump wants a weaker dollar. He is not getting what he wants. Lets look at the sovereign bonds and commodities we are seeing. Yields decline. It is very much a day where investors are adverse to risk, commodities gaining. Lets get to some of the corporate stories. This is frances biggest retailers, shares little changed. Firstquarter Revenue Growth matched analyst estimates. Contracting sales in china were offset by growth in brazil. Most ollowing the down by 7 amid investor concern. London following is the title of this chart. Londons Housing Market is in its worst slump since the deaths of the financial crisis, eight years ago. Ricks. S price balance for london, the whi
Im sara eisen alongside dom ch chu. An update on Hurricane Matthew as it makes landfall in florida. A quick check of futures, under pressure just a bit here. The jobs report at 8 30 a. M. Eastern time for september. S p futures down almost 2 points. Nasdaq futures are down 6. Well keep an eye on that as it unfolds over this morning. A huge story overnight. Take a look at this chart. The british pond versus the u. S. Dollar. It all started just after 7 00 p. M. Last night in new york time, 7 00 a. M. In singapore and hong kong. Look at the intraday move. The currency plunging. In minutes. In minutes, by 6 against the u. S. Dollar. An extraordinary move like we have not seen before in this currency pair before recovering most of its losses. Concerns of the uks exit over the European Union, that shortterm drop speculating that it could have been triggered by a fat finger, rogue trade. Some traders are attributing the move made to comments late yesterday reported by the Financial Times fro