All closing at a record high on the same day for the first time in about 16 years. The big winners were energy and utility stocks. The nasdaq isnt taking part in the party at this point. If he check out the futures this morning, right now you see there are some red arrows. These are modest declines at this point. The dow futures down by 1. 5 points, dow down by 9. 5 points and the nasdaq down by 3. 5 points. Policymakers in europe are expected to stick with current plans keeps rates at record loys. But there is growing disagreement between ecb members and mario draghi. Here at home, two big economic reports to watch this morning. Both of them set to be released at 8 30 eastern time. We have weekly jobless claims seen at dipping at 285,000. Well be getting a first read on Third Quarter productivity and, andrew, ill send it over to you. Lets talk about some Corporate News this morning. Tesla posted better than expected Third Quarter results. Those results driven by record deliveries, but
Revenues rose to a record 74. 6 billion in the first quarter, up 30 profit. Here is ceo tim cook on the conference call. Interest in apple products is at an alltime high with half a billion customer visits in the first quarter. Demand has in shattering our high expectation driven by the unprecedented popularity of iphone 6 and iphone 6 plus. Staggering is right. As cook mentioned, iphones are flying off the shelves. Maybe the only negative note was a decline in ipad sales. The Biggest Development is the success apple has seen in china, where sales are up 70 yearoveryear, opening another potential growth area. For more, i spoke with Piper Jaffrays jean gene munster. I asked about the whopping iphone number. I wondered what was the catch, if there was some sort of channel fill in their or some explanation. It turns out that it was a clean number, that they did not fill the channel. Even though expectations were for high 60 million. That 74 million number was well above that. Anyway you c
Chase. The foreignexchange traders made about 300 million on the day of that. Citigroup barclays and Deutsche Bank all took it on the chin to a tune of about 400 million in combined trading losses. At t says sales grew 4 in the Fourth Quarter but somebody reported a loss of 4 billion due to underfunding the pension. They added subscribers as discount leeward subscribers. We will have more on at t and its plans to expand in mexico later in the show. Google fiber is heading south, not going south, moving business itself. They say they are bringing superfast Internet Service to atlanta charlotte, and raleighdurham along with nearby suburbs. Google fiber brings Internet Speed about 100 times faster than the average u. S. Connection. Its already available in kansas city, austan, and provo, utah. Now to the lee apple does it again. The worlds most valuable company post another recordbreaking quarter. Revenues were 74. 6 billion, a 34 jump over last year. Net income up year over year. Here is
Here is ceo tim cook on the conference call. Interest in apple products is at an alltime high with half a billion customer visits in the first quarter. Demand for iphone has been staggering, shattering our high expectation driven by the unprecedented popularity of iphone 6 and iphone 6 plus. Staggering is right. As cook mentioned, iphones are flying off the shelves. The company sold 74. 5 million in the quarter. Maybe the only negative note was a decline in ipad sales. The Biggest Development is the success apple has seen in china, where sales are up 70 yearoveryear, opening another potential growth area. For more, i spoke with Piper Jaffrays gene munster. I asked about the whopping iphone number. I wondered what was the catch, if there was some sort of channel fill in their or some explanation. It could just not be that good of a number. It turns out that it was a clean number, that they did not fill the channel. Even though Investor Expectations were for high 60 million. That 74 mill
18 billion,. Interest in apple products is at an alltime high with half a billion customer visits in the first quarter. Demand has in shattering our high expectation driven by the unprecedented popularity of iphone 6 and iphone 6 plus. Staggering is right. Iphones are flying off the shelves. Maybe the only negative note was a decline in ipad sales. The Biggest Development is the success apple has seen in china, opening another potential growth area. I asked about the whopping iphone number. I wondered what was the catch, if there was some sort of channel fill in their or some explanation. It just could not be that good of a number. It turns out that it was a clean number, that they did not fill the channel. Even though expectations were for high 60 million. That 74 million number was well above that. I do not know what the right number was, but any way you cut it, it was impressive. We were on live tv and they were talking to somebody else and i saw a number go by. I was waving frantic