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Good morning, welcome to squawk alley. Were at post 9 of the New York Stock Exchange joining us this morning, re ric executive editor kara swisher joins us a lot to talk about including Apple Earnings after the close tim cook tempering expectations especially when it comes to iphone sales as more Customers Put off buying new devices in anticipation of the tenth anniversary iphone which may arrive as late as apples december quarter kara, a lot has been written about this particular cycle. Both the features and phone and the timing of the release. What are you going to be watching for tonight well, i think nobody is paying attention to this quarter. Theyre anticipating the next quarter. Projections will be happening in the december quarter thats whether they start selling the phones there is some stories it will be release the later and theyll be in limited quantities. I think everyone is focused on the phone and not you know this is the midyear trough as dan wrote today on recode. But i
United-statesJapanBeijingChinaFloridaCaliforniaNorth-koreaItalyUnited-kingdomAmericaJapaneseChineseArthur, president of the United States it is a big day on power lunch, hon. And it starts right now, jon najarian, dont ya know . Esther a. Arthur was a friend of mine welcome, im Tyler Mathisen. What a beautiful turn you made, nick that is good what else is happening this hour amtrak and lyft announcing a partnership beginning today. Customers can use the amtrak mobile app to access the lyft app to request a ride. Presumably from the train station home or whatever u. S. Automakers reporting sharp sales declines in july fiat, chrysler and gm, down double digits. Ford sales down last month and credit card losses hitting a fouryear high, according to ratings. The average chargeoff rate, the percentage of debt thats written off as a loss, came in at 3. 29 in the Second Quarter the eighth largest card issues also saw their chargeoff rates increasing what some say is a worrisome sign for the markets and the economy. Melissa. All right, tyler. And welcome to power lunch. Im melissa lee. We a
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