Hoping to ease some concerns apple had hit a wall. Marketing the first time in ten quarters the company has seen Revenue Growth in ipad sells. Talking about the performance with an analyst in just a couple of minutes. Take a look at the futures right now. Not only do we have the earnings report. We had twitter last night. Right now things looking up on the high side. Dow would open higher. S p 500 about 3. 5. Nasdaq up close to 30 points this morning. The apple stuff makes a lot more sense to me, andrew, because when we were talking about when they were still growing. Yes. They were going to grow from a revenue base quarterly of like 42 billion and thats an unbelievable i was thinking thats not guaranteed. Even know it was down of what was it revenue was down i forget how much. Who cares if revenue is down 49 to 42. So its 7 billion less, but its 42 billion. Their quarterly profit is like 10. 68, but my problem when it was priced for perfection is you think its going to grow to the moo
Inflation is heading back to its target level. Today, thats exactly what it got. The Consumer Price index, the prices americans pay for goods and services, rose 4 last month, the fastest rate in three years. It could be a sign the economy is regaining some steam and it could give the Federal Reserve just what it needs to raise Interest Rates again at potential leanne earlier date than wall street expects and thats exactly what the markets did not like. The Dow Jones Industrial average dropped to 17,529. The nasdaq fell 59. And the s p 500 was off 19. Mary thompson has more on todays stock slide. Reporter the catalyst for the decline, some hotter than expected data on Consumer Prices as well as nonvoting members between the Federal Reserve who said the two to three rate hikes this year would not be unreasonable. Well have a great discussion and get a lot more data between now and then and do more homework and analysis. Im at this stage sort of inconclusive on how im going to be thinking
Inflation is heading back to its target level. Today, thats exactly what it got. The Consumer Price index, the prices americans pay for goods and services, rose 4 last month, the fastest rate in three years. It could be a sign the economy is regaining some steam and it could give the Federal Reserve just what it needs to raise Interest Rates again at potential leanne earlier date than wall street expects and thats exactly what the markets did not like. The Dow Jones Industrial average dropped to 17,529. The nasdaq fell 59. And the s p 500 was off 19. Mary thompson has more on todays stock slide. Reporter the catalyst for the decline, some hotter than expected data on Consumer Prices as well as nonvoting members between the Federal Reserve who said the two to three rate hikes this year would not be unreasonable. Well have a great discussion and get a lot more data between now and then and do more homework and analysis. Im at this stage sort of inconclusive on how im going to be thinking
Prices are rising and that inflation is heading back to its target level. Today, thats exactly what it got. The Consumer Price index, the prices americans pay for goods and services, rose 4 last month, the fastest rate in three years. It could be a sign the economy is regaining some steam and it could give the Federal Reserve just what it needs to raise Interest Rates again at potential leanne earlier date than wall street expects and thats exactly what the markets did not like. The Dow Jones Industrial average dropped to 17,529. The nasdaq fell 59. And the s p 500 was off 19. Mary thompson has more on todays stock slide. Reporter the catalyst for the decline, some hotter than expected data on Consumer Prices as well as nonvoting members between the Federal Reserve who said the two to three rate hikes this year would not be unreasonable. Well have a great discussion and get a lot more data between now and then and do more homework and analysis. Im at this stage sort of inconclusive on
Tie fell out of your pocket again, andrew like it did the other day and no one there that looks good. I figured today was one of those days. We spent some time on a farm yesterday, joe. Thats right. You head back out to the north 40. North 40, andrew, is a term that people out in that part of the world use for the 40 acres that are north 40 . Yeah, andrew is going to be bringing us up to date on everything thats happening in Middle America right now and give us a real view from the front lines on all of this. Well be back with him in just a few moments. Joining us is the u. S. Managing editor for the financial times. Well get to her in a moment because we have to talk about Deutsche Bank and whats happening. Thank you for joining us. First lets get a check on the markets. Take a look at u. S. Equity futures. Yesterday was a down day. Dow down by 200 points on concerns about the Deutsche Bank. S p was down by 20 points yesterday. And the nasdaq was off by 50 points. This morning things