Minute look at quick u. S. Equity futures at this hour show you how things look to be opening up in about 3 1 2 hours from now dow would be off about 20 points nasdaq looking to open up 15 points s p 500 looking to open off a little off well call it 3 1 2 points right now and also show you whats happening overnight in asia right now as we speak. Youre looking at red arrows across the board but well call it marginal except for the hang sang take a quick look at european equities as well as we flip that board around youre looking at mostly red picture, except the ftse 100 looking up 1 right now and finally treasury yields, tenyear notes unless youre looking for a 30year fixed right now the tenyear note is at 2. 060 joe . Big deal of the morning. Big. Big. Mylan, potential pharma deal to tell you about. Unit of pfizer with mylan. Thats right. Were expecting this news to be announced sometime this morning. What were hearing is that pfizer plans to spin off a unit called up john, off patent
Telecom giant huawei says there has been a dramatic slowdown in sales growth in the midst of the trade war. In exclusive interview, he hints at even tougher days ahead. Capital one shares drop after a data breach. The company saying data on 100 million customers hacked. All of it stored on Amazon Web Services. A former amazon employee has been charged. But first to our top story, apple shares spiking after hours after reporting thirdquarter results. Revenue topped analyst estimates. Apple saying it remains optimistic about potential sales of new Iphone Models set to hit the market in the fall. For more on Apple Earnings as they are unfolding, we are joined by max chafkin from bloomberg businessweek, and we also have the sin of this trust Portfolio Manager with as. Walk me through this. Iphone sales missed estimates, Services Missed estimates, the forecast beat. What about all of these other indicators . It is an interesting report. If you would have told me they would have missed on bo
Learned that its renue returned growth, reassuring those shareholders concerned that theslowdown in sales of its flagship iphone was going to hurt other thi cs. Thpany also reported better than expected profits and issued solid guidance. A there wa noticeable improvement in its operations in china and it posted record revenue for itservices business. Apples results, of course, are widely followed given its status one of the worlds Biggest Companies and its shares are held in most mutual funds and retirements. Accou tonight the stock rose in initial after hours trading. Josh lipton starts us off tonight from apples headquarters in cupertino, california. Reporter app today sel a range of products and services from the watch to music streaming but its bread and butter remains the iphone. Iphone revenue in the quarter came in at 26 billion, that was roughly in line with what wall street was looking for. That was down 12 , but it is an improvement from their prior quarter. Remember in q2 ip
The german tenyear 32 basis points. What is that going to do at the end of the day if they rethink that inflation target . David and what does it mean . Peggy collins pointed out the u. S. Is taking a look at the same thing because Central Banks are saying we had this to ,rcent, it is not this 2 it is not working out. Do we have to take a different approach . Phillip morris the latest earnings coming out. It really highlights those that can take this environment and deliver to boost their forecast, and those that just cant and dont have the Pricing Power like netflix. David then you have honeywell somewhere in between. It beat on earningspershare, a little soft on revenue. It does seem to be weathering the storm of trade uncertainty at the moment. Alix in the market, lets look at how that push and pull is playing out. Netflix well off the lows of the session. Eurodollar taking a steep leg lower on the news about that reflation rethink that inflation rethink by the ecb. Money flowing in
We did get japanese factory orders which were disappointing down 7. 8 in may they were expected to fall only 5 were down full 1. 5 as you can see in hong kong a little more than that in shanghai 2. 6 . European equities are lower, down around about 0 where do we look on the screens 0. 1 there we go, down 0. 2 in france, italy holding on to slight gains we did get some better than expected german Industrial Production data up 0. 3 in may. It was expected to fall slightly treasury yields back about 2 . Similarly the german yield is back above 0, negative 0. 4 and were up 0. 23 . Deutsche bank announcing it will pull out of Global Equity scales, scale back Investment Banking and slash 18,000 jobs as part of a Global Restructuring plan you have been following this story obviously throughout the weekend. And i thought your comments earlier with dom chu were interesting. You sort of term this as ripping the band aid off. Finally. Perhaps a little too late. Finally exactly. So 18,000 had cut