Companies by market value. And they comprise a large percentage of the nasdaq 100. That means their quartersu s, their outlooks, and what their executivesbu say abo ness can sway the broader market. On the we hear from all three. Lets start with apple. The worlds biggest publicly traded company. Its flagship product, the of course has been a driver of growth. But in the latest quarter, which includ the Holiday Season apple didnt sell as many as expected. In fact iphone unit sales fell 1 . Nevertheless, earnings in the quter topped expectations, revenue did as well, coming in at more than 88 billion, almost a billion a day. But stock whipsawed in late day trading. Josh lipton is at apple headquarters in cupertino. Reporter 77. 3 million. That was the bigumber in apples latest quarterly report. Refers to the nber of iphones that apple shipped in the quarter. That was a bit light versus expectations. M analystselled 80 million. When people are buying those phones they are paying wemore. K
Seventh straight session. Dropping triple digits today. For the year the dow is actually down the better part of 3 . S p 500 is still positive for 2015. But its broken a technical level, slipping below the 200day moving average. Twice in the summer it has bounced on that. Will it do that from here . The dollar hit highs not seen since april, but if im looking at the screen to the right of me correctly, it is raised those gains and now in negative territory for the session overall. Despite that, Oil Continues to be under pressure. Prices down about 5 1 2 percent for the week. Oil light sweet crude is just trading above 44 a barrel. If we break that it will be significant. Check out the yields on the benchmark 10year treasury notes. Yields down to 2. 18 . Despite the view that the fed might be hiking on this payroll data in september. Vrm the nasdaq is the biggest loser right now. Kate rogers is following the action. It is not quite as ugly as it was here yesterday. We are less than by t
At the high of the day joe, the meltup continues. Steve and i were talking before the show. Surat and i also had a conversation about how methodical the rise it its almost like walking up that staircase. I think its interesting, tomorrow youre going to get the unemployment report. I think you have to begin to really price in is this also beyond just good earnings, scott, is this about growth accelerating is this about repricing the economy maybe towards 2. 5 , something that we didnt think was possible so getting yields of 2. 35 on the tenyear tomorrow you get unemployment. I think its very valid to think about this is an economy thats going a lot faster than we thought. People who are waiting for a pullback are getting run over by the day and it is so widespread now, whether its small caps or midcaps, transports or industrials, now technology tries to resume its leadership role youve got big news in netflix, an upgrade for microsoft, but the starts to take off within the last 20, 25 m
Next week. Want to know what it is . Heres a hint. Well tell you how to play snap shares into earnings for less ribs the action begins right now. And we start the show with deal chatter in the chip space shares of qualcomm soaring nearly 13 on reports it could be a takeover target of rival broadcomm, marked what could be the biggest merger in the ship space ever, broadcomm ending the day more than 5 some stocks are surging more than 100 . Now were starting to fade the move, why the change of heart . Its interest that a mega deal comes back. A lot of viewers understand that qualcomm is already in agreement to actually purchase nxpi which was another mega deal. So this is broadcomm coming in and kind of shaked that thing up a little bit m a was a big driver this sector, 2015, 2016, there was hundreds of billions of dollars in the Semiconductor Space the rumor of this deal is kind of interesting especially when the sector has massively outperformed technology as a whole, the etf that trac
Heres a hint. Well tell you how to play snap shares into earnings for less risk the action begins right now. And we start the show with deal chatter in the chip space shares of qualcomm soaring nearly 13 on reports it could be a takeover target of rival broadcomm, marking what could be the biggest merger in the chip space ever, broadcomm ending the day more than 5 some stocks are surging more than 100 . Now were starting to fade the move, why the change of heart . Its interesting that a mega deal comes back. A lot of viewers understand that qualcomm is already in agreement to actually purchase nxpi, which was another megadeal so this is broadcomm coming in and kind of shaking that thing up a little bit. M a was a big driver this sector, 2015, 2016. There was hundreds of billions of dollars in the semiconductor space. The rumor of this deal is kind of interesting especially when the sector has massively outperformed technology as a whole. The etf that tracks the Semiconductor Sector is