Earnings in the 7 00 hour. Here are top headlines. Vonnie investors want to know if the hits can keep on coming for apple. They appear skeptical. Shares have fallen . 50 in premarket trading. Apple reported iphone sales up 35 but still missed estimates. A Sales Forecast came up short. Bloomberg estimates sale of the new apple watch were less than what analysts expected. Tim cook says the company is pleased. Tim cook sales of the watch exceeded expectations and they did so despite supplies still trailing demand at the end of the quarter. To give you additional insight, through the end of the quarter the apple watch fell was higher than the comparable launch periods of the iphone or the original ipad. Vonnie cook says one bullish side is that 73 of old iphone users have not upgraded to the device. In Greece Parliament will vote on the second package of austerity measures demanded by creditors. Greece cannot get another bailout unless legislation is approved. Alexis tsipras will have to a
In the final 30 minutes of the thursday session. All of these stocks are rising. Europe is getting for a second day. All of these currencies are getting against the dollar except for the pound. Today, the talks between the eu and the u. K. Not going as smoothly as some would hope. Commodities are declining. A 3. 4 increase in revenue. The Telecoms Company winning orders for its Construction Business and gaining more mobile phone providers as well. The conglomerate that generates most of its revenue from construction is set to benefit from the massive expansion of project. Ris benefiting from a pickup in the local building. Arket shares of British American tobacco have tumbled after the fda said it is seeking to reduce nicotine in cigarettes to nonaddictive levels. The Regulatory Risk has been over discounted says morgan stanley. Remains say that b. A. T. The strongest among its peers. Any potential impact seems more than embedded. They wrote that in a note yesterday. 7 white line, it i
Things right in the winter. Trading, 30ities minutes from the friday session in end. Stocks higher today after dropping for a third consecutive month, the worst stretch since february of last year with the index on track for a weekly gain after falling last week. Likex market is looking this with sterling rising against the dollar and these other currencies falling with bond yields gaining and commodities the final u. K. I data out of orders andxport domestic demand with Companies Reporting the strongest intake of new order since they were bolstered by the weak sterling, the currency depreciation. Also it is contributing to Purchase Price gains, accelerate for the first time in seven months but at a slower pace since the start of the year. Overall growth slowing in the first half of the year as Consumer Spending some boe policymakers calling for a rate increase to keep a lid on above target inflation. That is the data highlight in the u. K. Sterling in august, worst month against the d
Things for congress to tackle, why is the president kicking this to them . There was an informal deadline of september 5 where state attorneys general threatened to sue the federal government over this program. The judge restricting the sues as setting the deadline. He technically did not have to act but decided to get it over with. Julie we got a headline that sessions will announce plans to end a daca. Marty that is hardly news. Julie we have been talking about it. What kind of details sorry, kevin, what kind of details do we know additionally at this point about what sessions will say . Kevin what he will do is essentially has the buck to lawmakers and they are set to return this evening and through the day from their august recess. He will give them about six months to come up with a congressional solution to this to give them the opportunity to reinstate. Also potentially reignite some of the same political battle lines amongst republicans. House Speaker Paul Ryan has not commente
Abigail a bit of a decline. The worst day in more than two weeks as geopolitical decisions that julie was talking about is rattling investors to some degree as we see the decline for the small cap is lower now. Unlike what will seem more feeling, investors are uncertain about what is happening with north korea. This is intraday chart in the bloomberg, a sixday chart. Last week, we had a north korea missile fly over japan and the dow have fallen but today on that day, it turned even and we see it had been climbing higher through the week. Thoseors are looking past geopolitical decisions but we see the big drop for the dow on pace for the worst a day since the middle of august. David over and mainstay capital who has been good in terms of bullish and saying the market is able to look past the broader concerns, he things based on the north korean tensions along with the fact that the durable good numbers was disappointing, it could be a chaotic week for stocks. We are seeing that, but you