Lower starting point at 399 i asked cook if he was worried about the se denting demand for the higher priced models and then tanking his margins cook dismissed that telling us we are never worried about cannibalization. Our view is if somebody is going to cannibalize it better be us theres probably a little overlap between the two. The se right now cook saying appealing to android switchers and appealing to people who want the most powerful phone but in a smaller form factor. Sticking with the iphone i asked about iphone demand in china what are they looking like and can we use china as a leading indicator for other geographies in countries, europe and the u. S. Cook telling us there was a significant, very steep falloff in february that began to recover some in march, and weve seen further recovery in april so it leaves us room for optimism its hard to tell if thats a leading indicator, cook says there are differences. The u. S. Has had very bold stimulus programs and i think that wil
Europes closed. Apple didnt give a forecast and this white house commentary. I would start with the white house commentary the apple stock, even after you knew that there was no guidance, was up rather dramatically when we got word that the United States was going to retaliate against china, that was it it gave up the ghost and accelerated the decline in amazon we did have the greatest month since 1987 so that january month was augmented by tremendous japanese buying in 87. It was artificial. This was a solid rally off the bottom its time to consolidate theres no we have to get used to consolidation meaning a 400point dow instead of a 100point dow. We went down 34 in 25 sessions, up 35 in 27 sessions what does consolidation mean now . It has to do with the idea that we give up some of this last gain. The last gain was a short squeeze in airlines, in travel, leisure. We started believing in marriott up 10. Then yesterday we had a really strange day where the most important thing that ha
Jim, its clear that even though we had some constructive things happen tactically yesterday, sounds like you dont expect this bounce to last for long were the most oversold weve been i guess you could go back some people say get some great stuff from mr. Williams who is one of my favorite technicians, larry williams. I want to point out, hes done work which says going back to 1933 this is one of the most extreme panics ever. He wants to buy panics on the other hand, you say whos there to buy i feel that were due for a bounce i dont know how much money there is there is to buy much more stock liquidity is a concern in every aspect of finance, at the same time any time you skip over the Public Health issues, you forget that right now strapped in san francisco, strapped in boston, strapped in new york maybe theres not just equipment. The nightmare is occurring what do we make then of stei stifel looking for a 15 rally, gun gundlach not shorting. Why are there these Little Pockets of not o
Guys, that interview with barry right now makes you feel better. Gives you hope i think its important to he hear, are stocks cheap yes. Is the system working . Yes. Is the opportunity going to be great if the countrys locked down no so whats important is to find out where the country is fiscally thats why its important to speak to the treasury secretary. Yeah. The concerns that we had yesterday continue to be the concerns we have today, which is about businesses forced to potentially suffer significant financial damage as a result of being closed or having no customers. And what that will mean. Liquidity is always an issue it does seem to be not in the treasuries where we have seen illliquidity that scared people moving into credit, which we need to focus on huge repricings. The cost of capital has gone up for corporate america. You can provide people money, but those people dont want to go out we are a service economy, twothirds of our country is service. What do we do when you get mo
President foley and speakers and members of the legislatur legislature, distinguished guests friends, fellow nebraskans good morning. Congratulations on the commencement of the 106 nebraska legislature. I want to welcome each of you back and i look forward to working together to keep nebraska strong on what is known to be a fast pace from Property Tax Relief we have several priorities and as we enter this session our priorities in 2020 have been shaped by the events and circumstances our state has faced over the last year. As i have said before i believe 2019 will be remembered as nebraskas finest hour. [applause] when we were faced with the most widespread and costly Natural Disaster in state histor history, nebraskans responded with heroic grit and determination and resilience and generosity. For 318 days through december 19 nebraska had a flood watch warning or advisory somewhere in our state. Through it all nebraska show the world what it truly means to be nebraska strong. The resc