It was really the trading view u that got goldman. Bank of america on fixed income, up 30 . Goldman sachs flat only up 1 . On the earnings call, new incoming cfo is first to deal with. He said there was particular focus on weak commodities where they have a higher exposure. In general, he said it was lower volumes, not because of specific positions. He said it was a volumes things and said no quarter particularly defines the franchise. This doesnt mean our franchise is broken, but a big outliar. On the other conclusion, i spoke to one investor and he cited the fact they dont have the big commercial bank to off set things and therefore, they werent getting the flow coming in from other areas. We did see that in terms of jpmorgan citi. Which is something to bear in mind. I thought it was interesting on the Conference Call from marty chavez say thag the vix when it comes to u. S. Dollar euro was low and the Oil Volatility was very low so it was a cc and the thick that really got Goldman S
9. Terry is here joining us. We tackle samsung first this hour. Warning about thirdquarter profits, slashing them by a third as the production eats into their bottom line. Apple, meanwhile, is up 20 over the last month and up several days in a row. Cole windergart hasnote on apple called evidence on iphone strength. Good to have you back. Hi, how are you . How much strength are you assigning to samsungs difficulties . We already thought the iphone 7 would do quite well. In addition to this, the way i think of it, the note portfolio specifically we think maybe does 20 Million Units a year. We think apple can capture at least half of that volume Going Forward because this products now going to be halted. There is a longerterm issue that will be more beneficial and currently underestimating expectations, which is you think of the high end of the smartphone market, 350 Million Units a year. Its a twoplayer market. And what we have found in the past is when market share shifts to apple, the
Here on the Halftime Report. We do want to begin technology where were watching an up raffling of the chips. Smh seeing its worst day in a month. Youve been talking about it for so many months. Is this going to be the down fall of tech . Well, i think that there is no doubt in my mind we talked about the idea of this thing moving very fast. We talked about going all the way back to brexit and suddenly this entire sector took off with technology and a lot of that is because the fundamental story was there to to back up the fact that you had dividends. And pes are starting to stretch a little bit. Weve talked about this on the show. Time to maybe take it out of the stock and do a stock replacement, old options for more up side. If it falls apart like theyre starting to roll down now, you at least were able to get yourself into a risk reward position. And thats what were seeing right now is down side. And we asked if we were going to have some kind of melt up. And now i wonder if were goi
Retail in that country and laying out his plans for indias market. Also gave this extensive interview to india nd tv where he said he could see lowering prices in that country. I recognize that prices are high. What we want to do things that lower that over time to the degree that we can and so we are looking at a number of different things. What we wouldnt do is lower our quality bar. Of course, one of the bigger stories today might be the projections, reported projections for iphone 7 production as has a lot of the suppliers up today along with apple. Yes, indeed. Barrons did a writeup of it about 70 million phones where some had expected mid 60s productionwise. That maybe goes to show apples confidence in maybe what its got in the iphone 7 versus actual demand. What i think is interesting, theres a tension between local manufacturing and local invention versus american patronage. Facebooks Mark Zuckerberg saying people, have free internet, its good for you. A lot of people cant affo
Many months as the stocks have sold off, and john and Pete Najarian are with me here on 1 market, and we ask your opinion as we wait for the president. Well, it is incredible, and jon has been all over the story, but brexit, and now it seems that the world is getting more and more concerned about it, but brexit, and the fed and thele volatility of the way that it is skyrocketing, and even in the markets that are not that volatile quite honestly, and i look at the markets and going down 100 points, you dont expect the vix to move last thursday 14 and then 17 on friday and today, well over 2 1 and yesterday a huge jump in the volatility, and so concern out there, and unsecertainty, and t correlation of oil remains right intact, and down 1 , and markets down on the day. And the biggest loss on the s p since february and we mentioned the vix, but it in part the brexit issue as the polls over there are showing the creep up in the those who say leave. Well, they want selfdeterminati selfdete