Good wednesday morning welcome to squawk alley. Im john for the with caro quintanilla and Julia Borstin well start with apple, a cost cut for Small Developers josh lipton breaks down the news for us. Here is how the new program is going to work its called the App Store Small Business Program it launches on january 1st and it does represent a big change here. Developers earning up to 1 million during the Previous Year will now be eligible for a commission of 15 on paid apps and inapp purchases, and that is half of apples Standard Commission apple says the new program will impact what it says is the vast majority of developers selling Digital Goods and services on the store. Tim cook saying in a statement the app store has been an engine of Economic Growth like none other, creating millions of new jobs and a pathway to entrepreneurship accessible to anyone with a great idea for investors this change is also important remember, the app store is critical for apple it accounts for an estima
It in boston businesses talked about a delay of getting product from other places than china because foreign imports could not handle the excess capacity overall the fed monitored Manufacturing Activity as slightly down. Half of the districts reported a slow down in manufacturing rather than lay off workers, companies in cleveland were opting to reduce overtime and cut shifts in st. Louis declines in production, new orders and Capacity Utilization for the First Time Since 2016. But, guys, there were still several districts such as philadelphia and minneapolis that were reporting strengthening in Manufacturing Activity so, there was still somewhat of a mixed picture across the country. Back to you. Thanks very much. Steve liesman joins us now with more on what the beige book, steve, is telling us about a possible slow down you see the continuation of the krkz we had in the last hour about the mixed message in the fed. Did a great job covering all the different, you have one place where
as your reminder of the journey you helped me make, and the journey you re helping other kids make too. - it s amazing to know that there s someone looking out for me and my family. - and it isn t just the doctors and nurses who have been looking out for me. it was you. pick up your phone or go to loveshriners.org, and you ll be a part of something special too. it s good to be back with you for this second hour of chris jansing reports. at this hour, more on the breaking news, after intense international pressure, israel now says that for four hours a day, it will pause fighting in gaza. what that means for humanitarian aid and negotiations to get hostages out. plus, after skipping three debates, donald trump s team says don t count him to go to the next one either. what the former president is saying about his remaining gop rivals. also developing, fbi s.w.a.t teams are on the hunt, searching for an ex-national guardsman. what he s accused of doing during the january 6
Its up another half a percent. Well get disneys earnings after the bell today. Apple is thought of as sort of the lead dog. Its the Largest Company out there. I think disney is the company to watch these days. What a performance it has turned in. Meanwhile, aetna out with earnings this morning. Its getting a big boost from medicare and medicaid these days. We have a first on cnbc interview with ceo mark bert bertolini. Breathtaking consolidation in that industry. Really looking forward to that. Also rock star and actor Rick Springfield is joining us at the New York Stock Exchange. Well talk about his latest film with meryl streep and what he thinks about taylor swifts harsh words for spotify. Ring springfield has sold 25 million albums in his career. Thats a lot of potatoes. Im sure he has some comments about streaming these days and whether or not that is a way for a musician to want to get paid whether the compensation is enough. Taylor swift says its not. As soon as you said he had
Is where the storm is coming in atlanta. First a check to david of the weather. We have been watching irma to continue to fall apart over the last couple of hours its still packing winds about 60 to 65 miles per hour, but it is continuing to pass out of the region and starting to weaken through the next couple of days. I want to talk about what weve been seeing with irma here were going to start off by talking about what the damage currently looks like you can see what the pictures looked like earlier, where we had strong winds as this came ashore into portions of florida with some very strong winds. Right now it is down to Tropical Storm force. It is expected to stay a Tropical Storm force level for at least the next couple of hours and then as we head through the next couple days, well continue to weaken into a tropical depression. One of the concerns weve had is whats happening in jacksonville easterly and southwesterly wind, so its packing the water up the st. Johns river and leadi