Apple soars nearly 5 to a fresh all time high after reporting earnings moments ago crushing on every metric the company has added 31 billion in market cap just in the post market session. Weve got full Team Coverage gene is here onset, hes deialig into the call. Josh just spoke with tim cook, so josh, kick it off i had the chance to speak to tim cook lets talk about iphone number 41 Million Units in the quarter. I asked about that he said demand was greater than the shipment indicated because he did take down channel inventory by more than 3 Million Units. It was also impacted by the pau. Theyre seeing these reports andrew man and rumors cook said the noise andrew mors are at a different frequency than weve had and its clear because im getting different comments from people that there is a pause, but despite that, i feel great about how we did. I also switched gears and asked cook b aboservices business. Cook telling me if you look at services, we came in at 7. 3 billion. Up 22 year on
Became careless using their own phones to report fires. The European Union has notified safety authorities in britain, france, sweden and switzerland, that was precautionary measures that some bigs contaminated with an insecticide may have entered their territory. The European Commissions say that germany and the netherlands notified the eus both safety alert system over the weekend. Andhey notified the system to share the information so that. Verybody knows bigs are traceable. Great for European Commission also stressed that bigs contaminated with an insecticide have actually enter those countries. Belgian and dutch authorities are investigating how the insecticide came into contact. More hours a day, powered by more than 2700 i amalists and analysts, mark crumpton, this is bloomberg. Live from bloomberg in new york, Joe Weisenthal is uptodate. We are 30 minutes from the close of trading. Thisstocks are higher monday. The question is, what did you miss. Two titans of the bond market a
prevails. And when push comes to shove people realize there would be an enormous damage, to both europe and Great Britain, should britain walk away. A warm welcome to countdown. I am an edward. Just past 6 00 in london. Manus will be joining us from dubai. Let us talk about what is happening in oil and stocks, a chart next to me that really encapsulates the relationship between these two asset classes, if you go back to the middle of last year. They have moved very much in synchrony. And of the oil price tending to move in lockstep, or least in the same step. Oil prices over 50 a barrel or the first time in six months. A oneweeks hitting high. But i should say that old has actually snapped its sixday losing streak. Not all good in the overnight trading environment. Lets talk about the risk radar. We have to feature the price of oil because we have gone on the brent price over 60, up high 7 10 of a percent. Theda, venezuela, nigeria disruption playing in here, as well as the drop we saw
Because of all the issues we had after the government shutdown. We get the unusual dump of data. Thats been something weve been waiting to see because the Housing Market is one the fed watches closely. There are a few corporate reports of note today, as well. Before the bell, we get Quarterly Results from fedex, General Mills and menards. This afternoon, we have oracle to report, too. This morning, youre going to see right now dow futures are up by about 358 points above fair value. S p futures are up by 6. I dont know what that tells one if they think the fed is not going to taper. But, again, a gain of about 58 points and, andrew, ill send it over to you. Thank you, becky. We have some corporate stories for you this morning. Amc Entertainment Holdings priced their ipo at 18 a share. That was at the lower end of the initial range. The second largest Theater Group in the United States will begin trading this morning on the on new york stock exchange. Also in mergers and acquisitions ne
The secretary stressed any action would be carefully tailored and would not involve u. S. Boots on the ground. David before the president or secretary of state talked we had consumer sentiment. That slipped to 82. 1 in august after hitting a 6month high last month. Despite the declines americans were more upbeat about their outlook for the future. Cheryl vodafone confirmed it is in talks with verizon. You knew this if youve been watching fox business, is in talks to sell its stake in verizon wireless. No news but it could potentially be a 130 billiondollar deal. David this is not good news. Spending rising just. 1 of missing analyst estimates. It matched weak growth in personal income which also rose. 1 percent. Cheryl look at gold falling for a Third Straight day, the commodity declining, 16. 80 an ounce 1680 an ounce. Gold gained more than 6 . That big safety play were following for you. David remember were telling you for every seller there is a buyer. Hedge Fund Operator Perry Capi