the wild ride. take a look at futures again, we are in the green opening up about 80 points higher s&p looks like it would open up higher nasdaq dak would open about 30 points higher. almost as if it didn t happen. no coronavirus, no worries, no nothing. amazing amazing how quickly the market gets over things i don t know if this is positive i feel like we may have overreacted on friday. some recovery on monday was okay i don t know that i can explain this much of a rally is this all fed related and maybe the central bank of china? part of it is that it didn t pred to the u.s. as many feared. there are so many people quarantined and so many people not at work. the cases are going up so much why do you feel the fear in the market has evaporated. what is that about irthink it is a little bit of animal spirits we get too scared when we see a pull back. you shake the apple tree and some of those fall down and it is okay. the tieback to our companies we are not min
is to. we will debate in our call of the day. the investment committee is ready to go. halftime report starts right now. welcome, good to have you with us on this thursday our investment committee at the desk, joe terranova, steve weiss, jenny herring ton we begin with the markets. the major averages getting everything back from the coronavirus selloff, and then some weiss, this week dow is up 3.5%. basically, s&p nasdaq is up almost 4%. okay semis are having their best week since november of 2018 thank you all is good in the world now. or is it. yeah, look, i think we have the same issues we had before, that the coronavirus is being treated as a short-term disruption, perhaps mostly in china, maybe economics but these things always get overstated when you start reading about unfortunate deaths, oh, myrestrictions but when you look back, you say you know what, it is an opportunity to buy more expose ooir change around exposure in the market. i find it interest
Mother says it was his sneakers. The new redhot jordan contour shoes that just came out earlier this month. Somebody tried to take those shoes . Somebody tried to take those shoes. Reporter and when he wouldnt give them up, they killed him . They killed him. Reporter what do you think of Something Like that . Its horrifying. Its horrifying. Reporter you see, ms. Smith bought a pair of the new jordans for james as an early christmas gift. He loved those shoes. He even went with her to pick them out. Hes wearing them in this picture. She says he was wearing them last night, last night at this basketball court. And she says someone killed her son to get those shoes. When you heard about what happened to your son, what was it like in your heart . I was disbelief, i still havent taken it in yet. I still dont believe it. Its untrue, its unreal. Its unreal to me. Because you cant excepted your children outside to play, for one. And we all walk around here with jordans. They can kill for our s
We will tell you what has him so bullish. We start off with the biggest stock in the world, apple reported earnings moments ago. The stock was falling after a revenue miss. We got full team coverage. Our joan e own josh lipton is at apple headquarters on a brandnew red iphone. We will check in with him later often. Josh, we kick it off first with you. Mel lit i lisa, lets start with the this iphone, they were down year over year, in an interview with ceo tim cook who cold me in part that demand looks better than those units suggest because he did take down that channel inventory that 1. 2 Million Units in a quarter. He said iphone fans may be deferring that upgrade because of what they think is coming. He told me, we have seeing a delay in purchasing behavior, we think is a consequence of the number of groomers and reports about future products. That is happening. However. If you look at the iphone outside of greater china, iphone units grew very nicely. We had more upgraders in the fi
Adp in line at 177. And our road map begins with apples iphone sales disappointing. Why the company says future product rumors could be to blame. Private sector hiring slows. Will signs of a cooling job market change the feds potential rate hike plans . And a food rally, mondelez and yum brands beat the expectations. Mcdonalds gets an upgrade at goldman up. The iphone shares disappoint and tim cook said we are quote we are seeing a delay in purchasing behavior that we think is a consequence of the number of rumors and reports about future products. That is happening outside of Greater China. Jim, it will be interesting to watch you get him to expand on that. It is going to be the smallest gap up or down for apple on earnings in a couple of years. Well, look, i think that this is one of those where if we looked at it as a Consumer Products company, wow, they beat by eight cents, look at this return of capital its amazing. But you know what, that is not the way that the street views appl