Im telling you, we went to a flea market and that means we were looking for them, we were looking for them, so in a cap with such a nose, yeah , he says show me, he takes out a box, a microphone, one, that means one, one, one, they take it, at the concert there was fox mitchell or bobby farl, he had a microphone, themselves, and from the speakers there was one, one, one, this is a device that repeated, repeated, created an echo, who used it, at that time practically everyone, and you named legendary name . That even he, yes, but he didnt use a note, a speech, he had an analogue tape recorder on a reverber, a tape recorder stood not far from his marshal, and he created the sound, also by reverberating the repetition, lets increase our rudicity, the marshal is not a military commander, in this case, the marshal is guitar apparatus, marshal. Olya, since we have a lifeandeveryday program, how concerned is sasha about everyday life . Its hard to say, because like all musicians, a person who
Today. Road map begins with apple. Shares falling after that first revenue decline for a year since 2001, but its cash hoard swells to a new record. Cocacolas poised to open higher, this after a quarterly beat. North america showed signs of strength, and that did offset sales weakness abroad. And shares of chipotle and panera going in opposite directions, both reporting earnings. Were going to break down those numbers. But first, apple shares falling. Quarterly earnings did beat consensus but profit and rove knew fell for third consecutive quarter as apple sold fewer iphones than a year ago. Apple is banking on iphone 7 to boost holiday quarter. And on last nights Conference Call tim cook talked about prospects for growth in china. Its very hard to gauge demand, as you know, when youre selling everything youre making. And so well find out more through the quarter, but were confident enough to give you guys guidance that were returning to growth this quarter, which obviously feels very
This hour. Microsoft rolling out 3d capabilities in the latest windows update. Home sales unexpectedly climbing in september, up 3. 1 . Stocks roll off their session lows at this hour, the dow was down triple digits at the open. Nasdaq still in the red, the other two averages have gone green. Melissa . Thanks, michelle. Welcome, im melissa lee. Power lunch coming to you coast to coast today. Brian sullivan is live for us in sunny san diego. Whats on tap . Thank you very much. We got a big two hours for you from one of the biggest investment conferences in the united states. Jeff kline coming up, he says there is one big potential positive for the stock market that nobody is talking about. Well find out what that is. What is the overall mood here. Are people nervous . Bernie clark will join us. Big thinker, novelist, generally smart guy, Malcolm Gladwell, your guest coming up as well. Well talk about the markets, talk about the economy, and well talk about why college is actually so exp
Profits to buy. New home sales rose more than 3 in september, to their secondhighest level of the recovery. Still, builders are struggling to keep pace with demand. Production is up, but not by enough. Diana olick has more now on housings big challenge. Reporter the autumn leaves are mostly changed, but the market for newly built homes is still in something of a holding pattern. Sales figures rose in september, but only after the readings from the summer were revised down sharply. The overall trend is higher, but not by much. Really struggled to take off. Theyre nowhere near where they need to be. If you think about a normal market, where supply is meeting demand, they presently probably need to be about 800,000 to 1 million so quite a bit higher. Reporter the supply of existing homes for sale is still very low, as millions of entrylevel properties were bought by investors during the housing crash, and now Service Still vibe rant rental markets. Buyers are desperate for new constructio
Profits to buy. New home sales rose more than 3 in september, to their secondhighest level of the recovery. Still, builders are struggling to keep pace with demand. Production is up, but not by enough. Diana olick has more now on housings big challenge. Reporter the autumn leaves are mostly changed, but the market for newly built homes is still in something of a holding pattern. Sales figures rose in september, but only after the readings from the summer were revised down sharply. The overall trend is higher, but not by much. Really struggled to take off. Theyre nowhere near where they need to be. If you think about a normal market, where supply is meeting demand, they presently probably need to be about 800,000 to 1 million so quite a bit higher. Reporter the supply of existing homes for sale is still very low, as millions of entrylevel properties were bought by investors during the housing crash, and now Service Still vibe rant rental markets. Buyers are desperate for new constructio