Good friday morning. Welcome to squawk alley. Carl quintanilla with jon fortt at post nine of the New York Stock Exchange morgan has the morning off were going to start this morning with apple, with the companys latest slate of iphones hitting shelves this morning. Josh lipton is at the apple store in San Francisco where i think theyre just opening, right, josh . Reporter thats correct, carl were here at one of Apples Stores in San Francisco. Doors are just opening i will step out of the way so you can check it out three new iphones officially hitting shelves today, carl. Faster processor, longer lasting battery, better camera, the toughest glass in a smart phone, not just an iphone, but smart phone, period, according to the company. The big question for our audience, traders, investors, business people, did apple do enough to keep the iphone franchise stable over the next few quarters i checked in with mike olson he bets apple has done just that he is looking for iphone revenue to be
It will cost a consumer about five dollars a month. How the price and content stacks up against other streaming content companies. And the hits keep coming. Mutual fund giant fidelity reduced its wework valuation by 34 in march, adding to the Office Rental companys preipo woes. But first to our top story, it was a big day for apple as the tech giant launched its newest hardware at its annual Product Launch in cupertino, california. Among the new items, a new apple watch and a lowcost ipad, not to mention announcements tied to its new services, apple tv plus and apple arcade. But as always, all eyes were focused on the freshest versions of the iphone. This is the iphone 11 pro, and these are the most powerful and most advanced iphones we have ever built in a stunning new design. Taylor apple unveiled the iphone 11, the iphone 11 pro, and the iphone 11 promax. The iphone 11 is about 50 cheaper than the iphone xr, coming in at around 700. The iphone 11 pro will still hit the same 1100 mar
Pakistan accuses india of turning cashmere into the largest prison on the planet. In north carolina, republicans are hoping an 11th hour pep talk from President Trump will propel them to a special election victory today. The president urged an arena packed with supporters to vote for conservative state senator dan bishop, who is in a tossup battle for a vacant house seat, facing dan macready, a former marine. Both sides say the contest is too close to call. Global news, 24 hours per day on air and on tictoc on twitter, powered by 2700 journalists and over 120 countries. Im Mark Crumpton, this is bloomberg. Its 1 p. M. In new york, 6 p. M. In london, im vonnie quinn and welcome to bloomberg markets. Vonnie from bloomberg World Headquarters in new york, the top stories on the bloomberg and from around the world, we are following Charles Koppelman, President Trump sacking his national because he disagreed strongly with many of his positions. The deputy advisor has been named the acting in
Pushing back on the initial share filing until 2022. Forget facebook likes. Facebook love . Ook more on the plan for their dating service. Significantly reducing its valuation ahead of the ipo. They are saying we could now target closer to just 20 billion. One company could be hit even harder. And its affiliates who own a 29 of wework. This is a Software Company using protista helped create , in new york lets put this in context. You have been keeping abreast of the numbers. Why the lower valuation . 47 billion is what the last funding round was at and now it is at 20 billion . Common. Are pretty investors saw how uber and life to performed earlier this year and they were projecting a little bit on we work and its growth. Some growthking assumptions and are now paring down their expectations. Carolyn to get the perspective, kathleen, your perspective on this shares sale, was it that 47 billion was way out of leak or is it Market Sentiment and concerns . Is it more to do with the perspe
More bumps in the road for nissan. Planned job losses after profits fell 99 . Shery lets get you started with a quick check on how markets closed in thursdays session in the u. S. The dow falling to the lowest level in two weeks. Tesla and for taking a hit on weak results and earnings. The nasdaq falling the most in a month. Has stellar earnings, but because of the ftc probe, Market Sentiment was not too positive stock. We have the s p 500 losing. 5 . Investors did not like the president of the ecb. Was not as dovish as they expected and that weight on sentiment as well. U. S. Futures at the moment unchanged. Lets see how things are shaping up in asia. Sophie we are setting up for a riskoff session. Kiwi shares resuming losses. Cost they could come under pressure. Earnings in focus. In southings data korea sliding further in july. In sydney, the asx 200 may snap a gain. Switching the board to check in on bonds that rally in aussie debt how much upside may be left as we are getting more