Before it gets better. U. S. Secretary of state mike pompeo urges the world to stand up to china. In a separate report accuses beijing of digital. We work to convince the Chinese Party it is not the best interest to behave in this behavior ceo warns of tough times ahead. When we went into the group, we knew that would be challenging with all the shut downs in different parts of the world. We saw recovery in china which was remarkable we have seen a weaker u. S. Affected by the pandemic dutch paint maker says material costs will have a positive impact. But ceo warns the virus will continue to weigh for the rest of the year. We will continue to see ups and downs. It is lucky it has been balanced between Home Improvement and the market we feel it has been under control and stay vigilant. A warm welcome to street signs. I want to start the show with the update on the latest numbers in the states. More than 1,000 people died from the virus in the u. S. Yesterday for the first time over a mo
Yearoveryear. This, despite a huge boycott by many advertisers. Apple delivering a surprise revenue boost, growing 11 amid expectations of a possible decline. The company delaying its return to work, now setting early 2021 as a target date for the u. S. Campus. I just got off the phone with apple ceo tim cook. He highlighted a record quarter, Record Services revenue, and focused on the iphone result, which he says was better than expected after a fairly depressed first few weeks of april. Thanks bounced back he says the pandemic is likely helping sales for the iphone for the ipad and mac, but hurting iphone and wearables. I spoke to alphabet ceo who talked about the fragile macroeconomic environment. We will get to her comments in a moment. Lets start with apple. What you see . Were looking at the post market over the last few days and it has been a little bit rocky. Some of that was psychological overhang. Something very impressive on apple, they put up 2. 58 a share. That is exactly
The ceo that just passed warren buffet this is Worldwide Exchange right here on cnbc well, good morning, good afternoon and good evening from where ever in the world you may be watching. Happy monday its good to be back with you after a couple of days off and with all due respect to the bengals it may be another manic market monday. Futures up higher 125 points now speaking of earnings, investors dont seem to care major averages they have been on a tear the nasdaq 100 is up nearly 7 in just 7 trading days this month. With ten stocks in that index up more than 10 in july alone thats lead by the remarkable 43 jump this month. You have bank of america, johnson johnson, and all set to open up their books this week now to date more than 180 companies in the s p 500 have completely pulled the Earnings Guidance in the wake of the covid19 induced crisis. Wall street now staring at the widest dispersion in earnings estimates among analysts its all the way back to 2007. With earnings projecting
Burning documents, not shredding them burning them, China Threatens to retaliate and feels and looks like a new cold war. We have a significant turn in the fight against a virus, President Trump says its going to get worse before it gets better. A clear sign that the economic effects will drag on past the election. However, the trump team signed a contract with pfizer with 100 million vaccine doses. America gets the vaccine first, they pay pfizer 1. 1 billion and the cost to you, 0. Two stocks, got to watch them all day long, microsoft and tesla, the Financial Results reported around 4 00 oclock eastern this afternoon, in advance of that those stocks are on the upside. By the way, as of right now tesla is the most valuable car company in the world worth more than gm, ford, and honda combined. And microsoft at 1. 5 trillion is the second most valuable company right behind apple. We have big news on real estate two, applications for mortgages to buy a home of 19 over last year. Refi appl
Congress now considering a temporary Unemployment Insurance extension. Ahead on todays show, as more government money flows into vaccine efforts, well speak with the ceo of thur ermo fishe. Plus micro Loan Campaign affirm striking a deal with shopify well teex wispeak with marks ln about that and a number of names are reporting after the close including microsoft, tesla and chipotle those numbers could move the market this evening. Lets get straight to the big stories were watching today mike santoli is tracking all of the action meg tirrell has the latest funding for pfizer and phil lebeau has fresh comments from the ceo of united about what a vaccine would mean for his business subdued summer choppy action the Market Holding up near recent highs the major takeaway from the action so far. The s p 500 on a oneyear basis, you could look at this and say were laboring to make further upside from where we got in early june that is true this looks like relatively defined uptrend. The questi