Teslas luxury cars. And the square continues its banner year with a betterthanexpected quarter. First our lead, apples shares surged to record highs. The figures called and analysts concerns that the new iphone may be delayed. In a phone call with ceo tim cook, he told me that more users are waiting to upgrade to reports about the new iphone. He said it feels like the rumors are much larger and more frequent this year than in the past. We do believe that has created a pause. It is likely larger than previously. We broke down the guidance and earnings with the julie ask. And our bloomberg gadfly cheryl. There is a lot to look forward to hear. On the one hand, the market is going to grow about 50 , so over the next five years, so there is a lot of upside in that market. There is a lot more to come with the smartphone needing a bigger ecosystem in peoples homes, a lot of upside to come with things like virtual or voice assistants, and then there is all of the services they sell, whether i
Teslas luxury cars. And the square continues its banner year with a betterthanexpected quarter. First our lead, apples shares surged to record highs. The figures called and analysts concerns that the new iphone may be delayed. In a phone call with ceo tim cook, he told me that more users are waiting to upgrade to reports about the new iphone. He said it feels like the rumors are much larger and more frequent this year than in the past. We do believe that has created a pause. It is likely larger than previously. We broke down the guidance and earnings with the julie ask. And our bloomberg gadfly cheryl. There is a lot to look forward to hear. On the one hand, the market is going to grow about 50 , so over the next five years, so there is a lot of upside in that market. There is a lot more to come with the smartphone needing a bigger ecosystem in peoples homes, a lot of upside to come with things like virtual or voice assistants, and then there is all of the services they sell, whether i
Control. For example, the euro swiss rate, saw the dollar start to be stretching while these might be esoteric, sometimes theyre tell tale signs. Investors were worried about whats happening with President Trump, whats happening with u. S. Policy, and the big danger would be loss of confidence and potential crisis for the dollar. I dont think thats going to happen, but well see. Certainly the most recent moves in Euro Dollar Exchange rate are interesting. What do you think the fed makes of the jobs report, it is only the july report, talking about a potential december hike a couple months away, i know wages number is still pretty low. 2. 5 do you think despite that the fed is now embolden, wanting to do a third hike . I think they are. The parliamentary speeches from the fed would suggest they do want to continue the mobilization of policy give us color fresh spin on what intentions are, but i think embolden by the jobs report in line with what theyre expecting, u. S. Economy mixed dat
Statutory debt limit as soon as possible. A Bipartisan Policy Center in washington released its statement, based on bbcs projections, the debt limit would need to be raised suspended by the end of september to ensure the federal government does not fall on obligations. Joining us now is steve bell and a former staffer from the Budget Committee as well. Great to see you again. Walk us through this x date. It is a window through september and october. Steve every day our team goes through on a daytoday basis and says pardon me what has to be paid today by the treasury . And we make an estimate. We compared it to the last 45 years and then we take a look at one of the statutory requiremd payments by the treasury. That is one reason we are all surrounding here in our shop the date of september 29 two about the first week in october. On october 2, the beginning of the week. We have an 80 billion plus transfer from the treasury over to the veterans retirement system. That is mandatory. On oc
Regulations and reform has made the u. S. Financial system a safer place. Maria the market seemed to like the fed chairs comments. Dow closing higher in the nasdaq and s p also turning positive for the week three President Trump letting out his new plan for the war in afghanistan. The president says the u. S. Will shift away from nationbuilding approach and instead focus on killing terrorists. The u. S. Will also put more pressure on pakistan a country that harbors taliban. Plus trumps chief economic adviser gary cohn says hes facing enormous person pressure to resign after the violence in charlottesville. He even drafted a letter of resignation. In interview with the Financial Times he said the must do a better job condemning neonazis and white supremacists. Colin is a key member of trumps Economic Team and is noticed to be on the shortlist for the next Federal Reserve chair. Your asparagus waters about to get a bit cheaper. Amazons 13. 7 billion acquisition with whole foods closes on