We always look to see what the us. Operators are doing. Some of my peers do a great job of tracking whats going on in asia which impact the current. The consensus is around 50 Million Units for this quarter and what were seeing is the operators arent seeing their customers upgrade their phones and that gives us a little bit of concern over whether theres a change in how people are holding on to their phones longer and we were totally wrong on this six months ago. I thought that with the payment plans it would be easier for customers to upgrade. They wouldnt charge you 2 or 300 up front. It would be zero down. I thought that would stimulate more upgrades and the exact opposite is happening. We saw a little bit of this in the Fourth Quarter and it got really dramatic in the First Quarter and youll see at t and verizon and others report. Youre talking about a potential game changer here. Structural changers is the move in your note. Are you waivering on your buy call. Thats an issue. It c
1800743cnbc. You want to get a sense of just how important this i hate to even say it anymore fiscal cliff is . Today we got an incredible employment report from the labor department. With 146,000 new jobs. I was looking for 90,000. The Unemployment Rate dropping to 7. 7. I thought it might be 8 . And all this despite the effects of Hurricane Sandy. Who knows how high we could have been if it werent for that darn hurricane . Yet the market barely blinked. Yet the potential layoffs if we go over the cliff make these rearview numbers seem almost irrelevant to the market. Hence the mixed performance of the averages today. Sure, dow gained 81 points, but the s p barely budged, edging up 29 . And the nasdaq actually declined. 38 , led once again by the slip sliding away apple, which you know i like, but how many times during a particular show can i say i like it . So with that in mind, whats the game plan for next week . First off, perhaps the most important day of the week is monday. But n
My job is not just to entertain you but im trying to educate and teach you. Call me. 1800743cnbc. You want to get a sense of just how important this i hate to even say it anymore fiscal cliff is . Today we got an incredible employment report from the labor department. With 146,000 new jobs. I was looking for 90,000. The Unemployment Rate dropping to 7. 7. I thought it might be 8 . And all this despite the effects of Hurricane Sandy. Who knows how high we could have been if it werent for that darn hurricane . Yet the market barely blinked. Yet the potential layoffs if we go over the cliff make these rearview numbers seem almost irrelevant to the market. Hence the mixed performance of the averages today. Sure, dow gained 81 points, but the s p barely budged, edging up 29 . And the nasdaq actually declined. 38 , led once again by the slip sliding away apple, which you know i like, but how many times during a particular show can i say i like it . So with that in mind, whats the game plan f
Last two weeks. The yields on debt that comes due in one month have risen to levels higher than yields for maturity thats dont secure for six months. Thats a big deal because normally an issuer would pay to borrow for longer periods of time. The institutions want to avoid being stuck with debt in the event of a default. Citigroup has told clients it would rather not take treasuries on october 24th as a sign of collateral. Andrew, this a sign your money is no good here. Weve got more on the situation in washington in just a few minutes. I dont know if people are going to be taking paengz or not, but i think we should see a number of Companies Set to post Quarterly Results for today. Before the bell, well hear from the follow. Citigroup, cocacola and johnson and johnson. Intel and yahoo are among the other we will be hearing from. Burberrys ceo is leaving the British Fashion house to move to, guess where . Apple. Angela ahrendts is going to take up a newly created position at apple with