Slightly higher. At the low, down more than 100 points. All on pace for the worst day of the year. That is only true for the tech heavy nasdaq. Really weighing on the nasdaq, the Philadelphia Semiconductor index down 2. 4 . Still on pace for his worst day since december 4 of last year. Lets dig into one stock weighing them all down. Apple down 1. 6 . Its worst day of the year. This appears to have to do it to death and analysts. Jpmorgan is cutting the estimate, Sales Estimates for 2018. That is based on deteriorating iphone demand. We also have bernstein saying the iphone estimates for the march quarter, the street is looking at it right now, and it may be too high. It is interesting to see when the Company Reports what does come up. Broadcom trading lower in 70. Lets look at some of the homebuilders. We have some weakness here. D. R. Horton, all lower after existing home sales for the month of december missed the survey a little bit. Daca have to do it tax reform. Investors not likin
Right thing just want to go back. And double shrug our lives at the World Economic forum in davos can you reassure the worlds movers and shakers that his America First policies can be good for them to. Thank you so much for your Company Every month all right we begin our broadcast with a scientific breakthrough in china the baby monkeys that you see right here behind me dont just look like they are identical researchers created them using the same cloning method that produced dolly the sheep almost two decades ago but monkeys are primates just like us humans and now the question is being asked are we next. Me chose sean and they might just look like two cute baby mechanics but they also represent a breakthrough that has excited scientists around the wild the monkeys are close the very First Successful clones of a primate using the method to produce dolly research is that the Chinese Academy of sciences presented them to the public this week the purpose of doing it and the use monkeys e
Today. And someone investors believe a lot. Jeremy siegel calling for dow 20,000, sounding a cautious note despite the big rally. Find out why. Exclusive interview with him coming up. And can we get to his target . Twitter, by the way, have you seen that . Up 8. 5 right now, popping on news of more insider buying. Plus this partnership with the Company Announced this morning with the nfl. Is this the comeback that the beatendown stock has been waiting for . We have both sides of that were bringing back an analyst we had on last week who was skeptical about twitter. Shares hovering around the 30 a share mark. And shake shack will report its latest Earnings Report. Its the third time reporting since going public. The first two reports missed wall street estimates. Well bring you the numbers and tell you what it means for the restaurant space coming up. And this stock is up more than 200 since its ipo. And they only have 30 stories 71 around the world. 40 in the united states. Still, not
Im Carl Quintanilla with john ford, mike santolli. Also joining us this morning, henry blogdet, as well Jason Callahan good morning, a lot to get to. First off, google making the 1 billion bet on smartphones with its purchase of part of htcs mobile division, as the Company Takes on apple deidre is in San Francisco and is going to set the table on this one hey, deidre. Good morning, carl. Thats right, google is betting on talent to make that hardware push google picked up htcs pixel division, so half of its 4,000 person team in a deal worth 1. 1 billion. This also comes with a nonexclusive Licensing Agreement for htc intellectual property. Its still early days for googles hardware business were focused on building our core capabilities and were investing for the long run. This comes just days ahead of their october 4th launch of Second Generation products its current suite of gadgets includes the pixel smartphones, google home, daydream view and others googles record in hardware has bee
That is on location in texas. 30 minutes into the trading day, Abigail Doolittle is here. Abigail we are looking at various bond declines after what that after that jobs report. The first decline since 2010. Investors seem to be looking past that. Much of that had to do with uncertainty around the hurricanes. What stands out, the declines may be small but we dont have any record highs at least so far. And the fact that Hourly Earnings rates rose in the big way. That is putting a big reaction into the 10 year yield. It is up five basis points. The 10 year yield now having its best weekly winning streak of the year. We see that coming after the jobs report. Thinking Hourly Earnings rise is enough to put the fed on course to hike rates in december. There is good reason to think that could be the case. Btv 6588. Look at this goes back to 2008. In yellow we have the Market Participation rate. Blue, we have the Hourly Earnings growth. In white we have the 10 year yield. At the Great Recessio