Crisis and travel concerns. We begin with a market rally after and eightday losing streak. Good afternoon. Good afternoon. At the midpoint of the trading day, u. S. Stocks are rallying as we close out the trading week. U. S. Data is showing new Home Construction rose in september after slumping a month earlier. Consumer confidence also surprised wall street, rising this month to the highest level in seven years. Saying theyed in, will start purchasing assets in the next nine days. That said, the s p 500 is still down roughly 6 or says the highway saw september 18. An economist at lpl financials says the markets seem to have a. Y the dip mentality most of the traders get ready to hit the weekend. Will the gains last on monday, or are people stepping in because it looks like the market was oversold. We have also been watching treasuries how our bonds doing . Essentially, falling for a second day. The 10year yield up the most in one month. Look at what is happening, spiking through the 2
Share of 1. 42 on revenue of 42. 1 billion. That for its fourth quarter. The bottom line handily beating wall street expectations. Here with more is fox businesss cheryl casone. Cheryl, your reaction to these earnings . What are you finding new . I think it is real interesting to see not only how the stock is performing and it is heading higher in afterhours trading well see how it opens 9 30 eastern time, but the break down what theyre selling and not selling. It is all about the iphone. Sales up 16 . Units coming in 39. 3 million. That was a strong beat. Ipad, gerri, not so much. They only sold 12. 3 million. Mac sales were look strong. Ipad sales down 13 but profits up 13 . Ipad there is pressure there with the ipad division. That is one of the things i was watching. Gerri cheryl, what about the iphone 6 . I know it was out only 11 days before the end of the quarter, did it have a big impact on results . The fact it did because the cfo said we saw stronger interest and more sales nu