Trailing it, microsoft, about 50 for the year joining us, ted smith, cofounder cramer likes to say apple is the key to the market. Do you agree i do. What about it is so important . I think the breadth of technologies they deliver to consumers and enterprises over time, and the fact in the latest cycle where they come out with apple pay, apple card, all of the partnerships theyve got going, in addition to core products, theyre so dominant on so many fronts. Getting investors familiar with new fronts has been a bit of a challenge this year, feels like were getting there, wouldnt you say the thing we talked about is slowing of iphone sales. The dominant apple story of the last decade is actually coming, that chapter is over they have to transition people to things like subscription services, streaming is one of the big wars payment, theyre doing more retail things now. With apple credit card, i think as a new chapter opens, were seeing more and more stuff like that. You talk about apple
Proclaims we dont need to raise taxes on middle class by one penny. Reality check and so much more on making money. Charles the economy booming, showing no signs of slowing down. Were doing better experts thought we were. United states adding 128,000 jobs, 40,000 more than consensus. Hours worked outpacing expectations. That hid the highest level in six years. I have liz peek and steve moore. This was 128,000. Minus 40,000 from the gm strike and consensus revised up 95,000. Doesnt get any better than that, charles. To see manufacturing would have been up except for this. After all the concern about a slowdown in the manufacturing sector. This is great news. 15th consecutive month where wages go up by 3 or more. I think, look, i think democrats have to be horrified by these numbers. This blew out expectations. Absolutely, by the way you mentioned Third Quarter earnings a second ago. It is one more data point including Third Quarter earnings where everything is coming in above expectatio
Power lunch starts right now lets get a check on the markets which are fluttering close to record highs. Slightly higher today well off the lows the dow was down about 100 points early this morning. The s p still just 1 away from record highs as it gains about 5 points take a look at a pair of housing stocks hitting new highs d. R. Horton is at its highest levels since january 2018. The doctor is in we begin this hour with new dovish comments from st. Louis fed president. We know he was the guy who dissented from the last meeting. Now he says a sharker than expected slow down is possible it will determine that on a meeting by meeting basis he does not expect trade uncertainty. Its not going to go away any time soon. In addition to trade, bullard highlights these downside risks, slower growth. That could feed into the u. S. Economy. Second, contraption and global and u. S. Manufacturing and third slowing u. S. Business investment hes worried about the inverted yield curve that suggests
From Stewart Frankel welcome, steve thank you are we going to end the sixday win streak here . If we did would it be a shock . And its still plenty of time for us to turn around, turn green. We bounced about 6 off the lows but we are not overbought. So to your point, i dont think that we necessarily have toned today but its a good stop to say lets take a breather, were still above all the moving averages in the overall market about 10 handles lower in the s p cash but i still think were on good footing. Is 2900 a tough footh for the s p . It is because its a big fat round number so i think the 2954, the alltime highs, thats the tough number you have to worry about, not the 2900 lets focus in on the big stories we are watching. Bob pisani has whats driving todays market which of course has been up and down ylan mui is watching a tech antitrust hearing on capitol hill and phil lebeau is covering teslas Shareholders Meeting bob, lets start with you. Lets take a look whats going on its ver
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