Amd, starbucks, pinterest out with results in the last hour shares are all on the move here. Weve got the ateam of reporters ready to dive into the numbers for us were digging into amd, the Conference Call is just kicking off. Amd shares are higher well be looking for more clarity on two factors progress made on amds a. I. Chip todays report shows us that Data Center Revenue was mostly in line, client business, which includes pc processors, sales actually came in higher than estimated. Its a very similar narrative to what we saw from intell last week heading into q3, the Company Expects data center and client to each grow double digit percentages. But they didnt provide any numbers in the report. And thats going to offset some gaming weakness. And this comes even though i. T. Budgets have been prioritizing a. I. Chips over traditional servers. Overall, thats good news for the stock, contributing to the bump that were seeing right now, as well as the earnings beat lastly, a. I. Will of
Downgrade. Apple and amazon set to report after the bell tonight. Speaking of earnings, were going to talk to shopifys president this hour on the companys latest quarter after topping some estimates but lets begin with tech as we look ahead to apple and amazon tonight the nasdaq, as we said, worst daily performance since february, jim. Are we going to use qualcomm as a read for tonight no, qualcomm is just pa theting i. I was disgusted with that quarter. Im so tired of their hype im sorry. I have a negative attitude about them im positive about other things. I mean, at the start, once again, they do this thing, its great, its great, its great. And then you get to actually, but you know what, its bad, and its weak. Its great, its great, well, its bad, its weak, and this is post auto and handset inventory buildup and, no, im making the samsung story, the solutions to apple. But no it is not a tell now, you could say, well, look, maybe apple is coming in too hot. I think theres a theres t
More than a decade earnings in focus, state of texas, ea, match, humana and amds chief lisa su will join us later this hour. Apple sports books reportedly reaching a new streaming deal with the pac12 lets begin with the fitch downgrade. Downgraded the u. S. To aa plus you talked about this last night. Is the market shrugging it off or not i think it has to in some ways, its just an upgrade of the way we run our country, and i think you want to go back and think, well, what happened in august 5 of 2011 when the s p downgraded us s p was at 1,119 it had gone down to 1,095. So, there was a big decline. Then, one year later, it went up so, in other words, if you just take the worst case scenario, which is what happened in 2011, it was an amazing buying opportunity. And when people looked at it, i think they said it was quizzical. Tim geithner was very angry, said it was wrong. This one says, youre a completely dysfunctional country, and we recognize that but all countries are dysfunctional
Lauren 1 looking at the federal courthouse were in four hours donald trump will be processed by law enforcement, a fancy term for arrested for being released for the third time in four months. Its a ritual hes getting used to and has already produced 78 charges over three sweeping indictments and a ritual we might have to keep getting used to as there could be another big indictment out of georgia in a matter of weeks if not sooner. And big story number 2, stocks in a state of shock but not as big a shock as earlier on as the reality of that credit downgrade sinks in because traders are beginning to realize once a Credit Rating is doing that it doesnt go back anytime soon. Remember when s p did the same thing 12 years ago . It is not budgeted since. Guy lewis on what the former president faces now. Jim anderson on the new reality for investors right now. All that and the Federal Reserve, former Kansas City Fed president george and the former anheuserbusch operations president who says
On a dropoff in steel prices. Later, the mber chair on what to expect from the fed. Thats the committee that officially declares if were in recession. Why he is not necessarily buying the recession narrative. Well start with the markets ahead of tomorrows fed decision the dow is at the highest level since 2017 and looking to add to its 11day win streak. The next guest says the economy is out of the wood as liquidity is the issue joining us is jeff solomon what are you worried about on the liquidity front . Good morning to you. Good morning to you listen, i think the markets had an incredible rally but thats because we had this major two major issues with the budget crisis and the Regional Bank crisis so, any time you have anything that happens to the downside, youre going to see a rally. I just think when you look at some of the challenges in terms of where liquidity is in the marketplace, certainly in credit, were not quite seeing the flow of liquidity. And i think last time i was her