Alphabet. We will have details. Wework went from one of the most anticipated ipos to a floundering Coworking Company just trying to survive. We will look at what it faces in the new year. But first, our top story. Bloomberg was the first to report the iphone maker has a secret team working on a satellite technology, striving to find new ways to beam data directly to its devices. This is all according to people familiar with the matter. The company has about a dozen engineers from the aerospace satellite, and antenna Design Industries working on the project with the goal of deploying their results within five years. For more, i want to bring in bloomberg technologys mark gurman. What do we know so far . It is topsecret. It is operating like a startup in apple. It has the right funding. It has the ear of tim cook. It has a bunch of Aerospace Engineers and executives working on a plan to let iphones and other apple devices receive their data directly from apple developed antenna towers, s
Learned that its renue returned growth, reassuring those shareholders concerned that theslowdown in sales of its flagship iphone was going to hurt other thi cs. Thpany also reported better than expected profits and issued solid guidance. A there wa noticeable improvement in its operations in china and it posted record revenue for itservices business. Apples results, of course, are widely followed given its status one of the worlds Biggest Companies and its shares are held in most mutual funds and retirements. Accou tonight the stock rose in initial after hours trading. Josh lipton starts us off tonight from apples headquarters in cupertino, california. Reporter app today sel a range of products and services from the watch to music streaming but its bread and butter remains the iphone. Iphone revenue in the quarter came in at 26 billion, that was roughly in line with what wall street was looking for. That was down 12 , but it is an improvement from their prior quarter. Remember in q2 ip
A couple people asked me what was going to happen, said, hey, cramer, booyah, is this thing for real now . I mean, are we really in trouble . I knew right then wed have a nasty selloff and we did, dow sinking 137 points, s p giving up. 90 . Nasdaq plunging. I knew it because the politicians have finally been able to create enough concern in enough people that its being chatted about in the street. Now it is ironic and tragic and sad that washington was also the scene of a real life and death drama today. Im talking about the artificial one created by the politicians. Both sides have started accomplishing what i perceive as their actual goal, which is to embarrass each other, stigmatize each other, make us feel the other side has a reason to worry about being reelected. Our savings are also affected by the debate in washington. One side, the other side or both are able to paralyze us with enough fear and truly hurt us with the collateral damage. Well, we havent really cared about it. Bu
Hey, cramer, booyah, is this thing for real now . I mean, are we really in trouble . I knew right then wed have a nasty selloff and we did dow sinking 137 points, s p giving up. 90 . I knew it because the politicians have finally been able to create enough concern and enough people that its being chatted about in the street. Now it is ironic and tragic and sad that washingtons the scene of a real life and death drama today. And im talking about the artificial one created by the politicians. Both sides have started accomplishing what i perceive as the actual goal, which is to embarrass each other, stigmatize each other making us feel the other side has a reason to be reelected. Our savings are also affected by the debate in washington. One side, the other side or both are able to paralyze us with enough fear and truly hurt us with the collateral damage. Well, we havent really cared about it. But today, we started caring. Now, im not going to tell you how i feel what can or should happen
Better. Some red arrows in europe as Indias Parliament continues to fight about berlusconi. Our road maam begins with the s p, looking to claw back some ground after yesterdays closing at the low, below 1,700, the longest streak of the year. Jcpenney had been pointing down sharply again on continuing concerns on whether they need to raise capital and just how much. But the stock looking up after the Company Comes out with a release saying, hey, were still seeing progress here on our turn around. Well have the entire story in a moment. 11 billion is what jpmorgan could end up paying to tie up security probes. And jcpenney did fall below 9, getting close to an historic intra day low. The company has a statement out saying theyre pleased with their progress thus far in their turnaround, starting to see greater predictability in its performance across many areas, improved by its purchase conversion, which has been a longtime Sticking Point and anticipates will experience positive comps com