And target will discuss their thanksgiving. And new wikileaks emails give insight into the Clintons Campaign relationship with still loi c Silicon Valley. Well show to you coming up. But we begin with the Earnings Reports. Bob pa welcome, everybody. Bob, well start with you. A lot of things going on, about 30 of the s p reporting. Tales of the tape, lets go through a couple companies. Oil and gas, baker hughes big sur rice. Narrower loss than expected. They see an uptick in drilling activity in the United States. That is a big story. North america activity will modestly increase. Wow, this quur similar are to what halliburton said. Baker hughes up 4 . How about Procter Gamble . 3 organic sales growth, an amazing number. They reaffirmed full year guidance. They have fewer brands but massive scale and reach. Take a look, that is a nice move up 4 their Earnings Report. And how about United Technologies . They raised the low end of their full year guidance that was a bit of a surprise. Aer
Apple Head Quarters for the details. Josh. Reporter i did, melissa, just speak to tim cook. Let me give his rundown. As for the iphone, he said they couldnt be more excited about the demand theyre seeing for those new models, the 7, and 7plus. He pointed out the demand continues to outstrip supply, specifically for the 7 plus. I did ask him about competition. I was interested in his reaction to, of course, samsung and that really unprecedented blunder with the note 7. Cook telling me too soon right now to really identify how much of an opportunity that is for apple. He, of course, said they do welcome all switchers. He is ramping up supply of the iphone 7 plus. He said. But thats not in a reaction to samsung. Thats simply trying to meet demand. I think you also hear a lot of investors have questions about Greater China. You did see revenue fall about 30 . Cook, in his explanation, saying a lot of that is due to just really apple being a victim of its own success. Specifically that six
Course. Power lunch begins now. In a week well know. Did the brits vote to stay or leave europe . This is power lunch with tyler and melissa. Im michelle carusocabrera. Brian is out today. This was the big trade yesterday. Right now the pound versus the dollar at this hour, 1. 43 is what its going to cost you. Pound is stronger again. That little yellow arrow indicates the strength of the dollar. European markets jumping sticks days before the vote. The footstse finished up 1 . A statement being made following the Fatal Shooting of jo cox yesterday. Brexit Campaign Officially suspended only for today. Lets bring in cnbcs wilfred frost who is on his way to london tonight. Tonight but not quite yet. The latest in terms of polls, the Financial Times poll of polls says 48 say theyll vote leave. 43 say theyll vote to stay. Im delighted to say that were joined now by kate, British Labor politician, a member of Parliament Since 1989. She is in the leave camp, one of the few labor members that
Im michelle carusocabrera, heres whats happening right now. Stocks are trading near their session lows with the dow currently sitting down 99 points. Were going to have full market coverage coming your way. In the meantime, evacuations are under way in california as a Massive Wildfire tears through parts of los angeles county. We are live on the scene ahead. And, take a look live at the floor of the Wells Fargo Center in philadelphia, thats where the Democratic National Convention Kicks off today. Full coverage coming up in just a few minutes. Brian. Well, as you can tell, folks, from michelle and tyler theres a lot going on today including more on this incredible heat wave smacking much of the country. But we begin with apple. And a big call on that stock that is pushing apple shares to session lows, lets get right now to cnbcs josh lipton with more. Josh. Well, brian, thats right. Those apple bulls are getting tougher to find. The reason for the worry, the health of that iphone franc
There. These are the hideout stocks. Hey, im always nervous. What do you say . Yeah. Three names. Look for names that have done pretty well over an interesting last month and the three that come to mind for me are cocacola, which is making alltime highs. No triple tops so coke is in the next range. A lot of analyst upgrades into their earnings in a couple of weeks. Home depot which seems to do everything right. Had a big selloff. Coming back now and i think facebook is going to knock the cover off the ball when they report in three weeks so names that have done well despite market volatility, thats where you like to be. Do you like those names, pete . I love growth. I love value, i like all three but im going to add a couple more. Really . Youre exactly right on cocacola. Ive been owning that stock for a couple of years. I think some of the investments outside of the koala world is part of the reason why i like them so much because they needed to do that. They have done that and i thin