Announce the launch of its 5g. Power lunch starts right now tyler, thanks lets look at shares of apple. Remember, they were up 6 yesterday. They were down about 1 as the iphone event began last hour they are now down 3. 5 so you really took a turn lower in the last few minutes there. Josh lipton is standing by as the event continues. Josh the event did begin here. Four new models so far introduced so apple is saying the latest and greatest technology, billing it as the smallest, thinnest, lightest 5g phone in the world, thats at starts at 699 and then the next model will start at 799. Then there are those that want the most Cutting Edge Technology for them apple offers the iphon 12 probe and iphone probe max. Theyre powered by 814 bionic chip that should mean a real boost in performance. New camera system in these phones thats very important to consumers. New Wireless Charging system as well it not just iphones either they also did announce a smaller, less expensive version of their ho
Operation twist, where we just had a liquidity dynamics last time i was on we talked about Earnings Growth bottoming and reaccelerating of course the rate of change is what boosts the multiple so were this one of those periods where it should extend not just through end of the year, but into the beginning of next year as well. So if you think about when those rallies stalled out after qe2, that was the point where everyone realized all that liquidity didnt really boost earnings all that much and by then stock prices were ahead of fundamentals but between now and then, i think that the path of least resistance is still higher lets take a quick look at treasury yields. The fed operations is a large part of why. The ten year is yielding 1. 73 and meanwhile Chinese State media, remember on sunday the pro democracy candidate scoring a landslide victory winning almost 90 of the district down can still seats. And now beijing is calling the election a setback for hong kongs Democratic Developm
Mind and what he now tells his children only on gma this morning. Get by with a little help from my friends and hand in hand, the massive turnout across the country, stars from los angeles to nashville to new york. When tough times hit, this is who we are. Thousands of you jumping in donating more than 40 million and counting in less than 24 hours. Do not give up hope. The incredible effort and how you can still help this morning. Whoa stand by me darling darling i love that. We do say good morning, america. What an incredible night. So many people joining together to support those affected by hurricanes harvey and irma. They were right here in our little old studio and all across the country. It was amazing to see thousands of you at home opening up your hearts and your wallets to help those in need and guess what, the hand in hand telethon has raised more than 44 million so far. The money is still coming in and the need is still so great. Were reminded of that this morning as storm v
Of course spain and italy, we always like to have them when im doing this part of the show. But we dont this morning. Italy a couple percent. Thank you, sara. As for the tenyear note yield still hovering around that 2. 5 yeah, there we are, 2. 54 we call it this morning and crude down about 1 . Lets get to the roadmap on this friday before christmas, and it starts with the Trump Twitter bomb. Defense stocks on the move after the president elect pits boeing super hornet jet against lockheeds f35. Investors are taking notice. Going nuclear, russian president Vladimir Putin responding to president elect Donald Trumps call for a nuclear arms race. And wheres the santa claus rally . Come on, its that time of year. Futures are plunging to a lower open as we see from dow 20,000. But the dow does remain on track to match its longest weekly win streak in two years. Well, Lockheed Martin shares are falling as you see right there in the premarket. This after president elect trumps latest tweet on
Using a stock tool that says, yes. Me list yashgs after sulissa go out on a shopping spree. But if you choose wisely, there could be some money to be made. Now using a quantitative tool looks at market action. We looked at past occurrences when the retail etf has fallen 7 or more within one month as it just has. That has happened 12 times since 2009. Now no clear signal for the xrt itself about half the time it continues to lose ground. But we did find some good individual stocks. Now as for macys, nordstrom and jcpenney, they only post rebound gains of 67 of the time. But when they do rebound, theyre good for 2 and 3 average returns sprerespectivel. There are special i dty and dist names. The names are more reliable bouncing back one week after the xrt loses p 7 or more within one month. So look for names like tjx and ross stores. Head over to cnbc pro for more on other parts of the Consumer Sector that tend to bounce back. All right. Thank you for the data dive. Lets get to bob pisan