Wednesday. Closing the day up by 123 points still on track for major indices to see the third week in a row looking at dow futures s p 500 down by 10, nasdaq down by 25. What happened . Stocks took a dive it was more a product of the percentages were going up for powell to have another cut all but factored in. Bad news has become good news. Good news has become good news if you look at the december percentage cut, it doubled 30 to 60 . October, yes december, yes. Sort of. The market took that as a positive well see what happens today the jobs report is the all important one that hits in 2. 5 hours time. Looking at what happened overnight in asia. The nikkei ended up by about a third a percentage point the hang seng is up just over 1 you are looking at a mixed picture. Not Much Movement for the dax or the ftse a little weakness in italy and spain. Looking at treasury yields coming under pressure on this data in terms of the ism manufacturing numbers and the nonmanufacturing ism we got y
Good to see you. Youve still got, what, 50, 60 House Democratic members who came from republican and trump districts who understand the power of usmca, and in fact, to some extent if they are going to think they are going to go off the ledge, on some crazy idea of impeachment, which is doomed to failure, they might even be more inclined to do something constructive on the u. S. Canadian mexican trade deal. David but nancy pelosi says they will be able to work something out on usmca. Listen. Were moving ahead on the u. S. Mexico canada agreement. Were again hoping to be on a continuing path to that. David amid the noise, do you think we can see sustained Economic Growth and progrowth legislation . Im not sure that the first requires the second. And thankfully it does not. Weve had growth. We continue to have growth. Mainly because of the u. S. Consumer benefitting from great job market, higher wages and all the rest of the things we have talked about on this panel because nobody else is
Intelligence individual. And, in india, however company is to capture the ecommerce market and in coming years. To our top story as the trade ceorages on, seems like the might be making progress in getting the president s ear the f phone calls. That is what via phone calls. That is a President Trump told reporters. He is the one that called. That is why he is a great executive. Others go out and hire very expensive consultants. This one called donald trump directly. I would take their call, too. He calls me whenever there is a problem. Emily pto discuss this and mort to welcome kathy wood. So great to have you here in the studio. What do you make of tim cooks approach . I think this is good news for apple, for technology. Emily the president has the night some of apples formal requests to give a tariff reprieve on the mac pro, for example. How much do you think these tariffs are actually going to impact apple given that starting september 1, we are supposed to see tariffs on air pods,
Lab. Opens his largest campus to date in india. Company is to capture the thecompany is to capture the ecommerce market and in coming years. Now, to our top story as the trade war rages on, seems like apples ceo might be making progress in getting the president s ear via phone calls. That is what President Trump told reporters. Thats before he departed for kentucky. Take a listen. Pres. Trump he is the one that called. That is why he is a great executive. Because he calls me and others dont. Others go out and hire very expensive consultants. Tim cook called donald trump directly. I would take their call, too. Hes the only one that calls me. He calls me whenever there is a problem. Emily President Trump, talking about tim cook there. To discuss this and more, i want to welcome cathie wood. So great to have you here in the studio. What do you make of tim cooks approach . Cathie i think this is good news for apple, for technology. Emily the president has the denied some of apples formal r
Company has a plan b. And the cost of being cool. A former executive testifies the Company Fired as many as 100,000 workers in recent years in an effort to compete with Companies Like google and amazon. The latest on multiple age discrimination lawsuits facing big blue. Our top story of the week, apple earnings. The tech giant forecasting revenues that topped analyst estimates, seeing a surge in services, which now contribute to a fifth of total sales. Apple also reported the iphone represented 48 of revenue, the first time it has made up half of sales in several years. In a way, this is progress towards apple relying less on the flagship product and more on new lines of business. I got reaction from bloomberg businessweeks max chafkin and a Portfolio Manager, dan morgan, who manages about 240,000 shares of apple stock for his clients. Dan it is an interesting report. If you would have told me they would have missed on both services and revenue, i would have said there was no way they