Earnings which will include some hightech bellwether names later in the week. We have apple shares, they lost their opening pop despite top apple analysts saying first day iphone 12 preorders surpassed last years numbers for the iphone 11. That bodes well for the mini and pro max, who Iphone Models that have not taken preorders and ship four weeks from today a couple more big q4 products, the xbox series x and the Sony Playstation 5 will hit shelves verizon and at t this week morelikely with 5g comments Texas Instruments and intel all reporting. Mike santoli joins us now with more well get more of a Critical Mass of earnings hitting the tape the question is is the street going to be more impressed this week than last week in the opening rounds we had an 81 beat rate by the companies that reported last week yet the average stock move buzz down more than 1. 5 in the one day after those results. It suggests perhaps that a lot of investors would think a big beat rate was in the bag for thi
Realize that this lawns full of weeds and dead grass and bugs and a golf ball okay, this is what the market is really about not this, but this see how the averages rallied again today, the dow inches up 47 points, s p advancing 2. 3 . The nasdaq gaining 1. 06 but almost 3 5ths of the stock in the s p 500 are actually down for the year were in high territory because of the other 2 5ths up a lot heres the real economy. The truth is, the weeds are more representative than the healthy patch of lawn, and in many ways its getting worse, not better, as the weeds begin, i think, to infect the nice part but when you look at the whole s p, you cant see the weeds you see, theyre obscured by Tech Companies with big gains. Who wants to talk about the other 291 stocks that are down for the year when you can focus on the incredible runs in amazon, microsoft, apple, facebook, alphabet its a lot more fun talking about tesla, up 378 than talking about gm or ford down 27 and 21 . Tesla has about 50,000 e
The google made a big announcement about the future of its work from home plans, could inspire other companies to follow suit . An uncertain future for as many local fishermen, still trying to recover after that destructive warehouse fire at pier 45. That fire burned the gear for half the city is. Those crews now scrambling. Reporter report commission estimates that 7000 of these crab traps were lost in the fire and for the fishermen they will not be easy to raise, theyre not exactly something you can buy at walmart or home depot. This crab boat owner has long waiting to do, 500 buoys have to be marked with identifying colors as he works at his home accounting to create 250 new crampons for the upcoming season. 50 of them in the fire that destroyed all the gear for his two crab boats. I got down there and pretty much knew at that point that it was a bad deal. Reporter report will begin demolishing was left this week but its losses were covered by insurance. The fishermen steer was not
Ah but have a look at tesla. It made a profit. Its opening a factory in texas. It hopes to sell a half million vehicles this year and the stock is up again this morning. Elon musk now leads, im going to say he leads the technology economy. The stocks up 64 bucks now. Microsoft down. Whys that . Im told its because their Cloud Business only grew 47 . First time the growth rates been below 50 . Well, sell that thing. The stocks down nearly four bucks. Theri cnhe tin in po rt landrtla oregonor a44th offf inriing. Th ayor or jtl jedostl bedy b b pst at th supporsupp the anarc ahinast anast anaaken ne inne t ihen theheneworkork ity i nows theshehe wororst pl ac businebuness retairsrsrsrsrs sarsy. Now, tnohaw,tw,w,s a is. Th e new cold war, china and andhe s. A a fitivs researcher linked to chinas military is reportedly holed up in the chinese consulate in San Francisco. The president s considering closing that consulate just like the one in houston. And now look whats lapping on happening o
The dangers for tens of thousands of ethiopian migrants and why they cant return home. Anger at the killing of a top soldier the fallout in azerbaijan after new border battles with the media. So china is vowing retaliation after moves by the governments of the United States the United Kingdom on 2 different fronts President Donald Trump has announced sanctions against chinese officials over the new National Security law imposed on hong kong so any executive order to hold beijing accountable hong kong is being stripped of its special trade and economic status and banks that deal with some chinese officials would also face sanctions. The hong kong or tanami act which i signed this afternoon passed unanimously through congress this law gives my administration powerful new tools to hold responsible the individuals and the entities involved in extinguishing hong kongs freedom weve all watch what happened not a good situation their freedoms been taken away their rights have been taken away a