Nearly 2 billion eu fine, while two new notes say, hey, dont worry. They suggest an apple comeback likely. As for tesla, well, its china struggles continue. Shipments plunging to the lowest level in more than a year. Lets begin with the markets entering a new week with record highs, fueled once again, jim, by a. I. , which seems to be the topic of so many weekend notes the last couple days. Oh my, carl. A lot of people want to say that the whole things gotten out of control, but lets say you go back a year, and you look at what nvidia the estimate for 2024. The stock was selling at 12 times earnings a year ago, so we can sit here and moan how expensive it was, but its by far the cheapest of the mag seven or mag six if you want to drop musk. But i think the problem has always been that when you look back, this thing is so underestimated in terms of what it can make that you dont know how to value it. What are you going to do, take it to nine times earnings like its a bad bank . Jim, my
100 bucks perhaps in the cards instacart readying its wall street debut pricing at 30, thats the first of five listings this week it is amongst the first of the tech unicorns the last few years to go public thats almost two years, in fact, since weve seen one go public lets begin with the markets and the fed kicking off a twoday policy meeting yields got a little pop here, jim, on canadas cpi, reaccelerating for the second straight month. What a bummer the fed must find itself in were not building enough homes. Lennar said last week a lot of brokerage houses raised numbers. Lennar today almost a de laid reaction we just dont have enough homes. We have this huge millennial bulge, and theres just no doubt about it they will not be deterred by these rates. That doesnt mean they wont be deterred by higher rates these rates, according to Stuart Miller who i think is the dean of the group and executive chairman of lennar arent detouring anybody. You have fewer homes you have the one thing th
Also iphones, macs are affected by a processor flaw and also billboard reports jimmy iovine could leave his role at apple music and a survey shows an improvement in demand for the iphone x, despite what it calls supply chain volatility. For all that lets bring in the man behind that note, steven malanovich steven, good morning, happy friday same to you i want to start with the iphone x thats the big profit and revenue driver at apple. Theres often all of this supply chain noise around iphone releases often a lot of it doesnt actually translate when we see the results. Which are we to believe, the fear, uncertainty, and doubt among the demand for the iphone x as evidenced by component orders from apple, or the demand that youre seeing for the phone itself well, at the end of the day demand drives supply, so we focus quite a bit on demand. We did this at Ubs Evidence Lab survey followup, so a couple months ago we looked at demand for the new phones we thought it was good, but more tepid
Closer to taking over the irish carrier. No signs of a nuclear deal in vienna. Iran maintains its red lines must be respected as iran is prepared to lift sanctions cannot be found. So welcome to the show. Breaking reports from iea. The International Energy agency. Crude Oil Prices Fell to the lowest in nearly three months. We know they say the oil price pressured by rising supply and financial turmoil in greece and china. They say demand growth appears to have peaked in the First Quarter of 2015. They cite factors like greece. Not only with a greek grexit curve oil demand but it could dampen deliveries if turmoil were to spread to other countries but the big headline is iea saying it may fall more around the world. On the demand side two curveballs in terms of greece and iran. Greece to the downside iran potentially to the upside. On supply they say that all supplies surged by 550,000 barrels in june and opec in particular increased because of record high output from iraq saudi arabia
A bill so what rose on the city right now but we talk about this and why were talk about dry lightning because what is happening if the surface will keep the litter drizzle mentioned in the forecast for you in your morning commute and what will signal of what is happening aloft even though we may get some light rain with fat was still with the ports a possibility will have that. Reporter were talking variable clouds and some would mostly sunny and hazy sunshine for the afternoon will have some sunshine come up 59 in the city San Francisco and oakland 63 offer little more around 66 the number of course will be jumping for early quickly for this morning will keep on top was going on for the radar big story to follow that to online www. Kron4. Com. Rebecca just about a seven and a trip into downtown the san mateo bridge looks well at this hour 92 westbound is going to be just under 10 minutes to get you from hayward over to the peninsula the Richmond San Rafael bridge is over live so far