Learned that its renue returned growth, reassuring those shareholders concerned that theslowdown in sales of its flagship iphone was going to hurt other thi cs. Thpany also reported better than expected profits and issued solid guidance. A there wa noticeable improvement in its operations in china and it posted record revenue for itservices business. Apples results, of course, are widely followed given its status one of the worlds Biggest Companies and its shares are held in most mutual funds and retirements. Accou tonight the stock rose in initial after hours trading. Josh lipton starts us off tonight from apples headquarters in cupertino, california. Reporter app today sel a range of products and services from the watch to music streaming but its bread and butter remains the iphone. Iphone revenue in the quarter came in at 26 billion, that was roughly in line with what wall street was looking for. That was down 12 , but it is an improvement from their prior quarter. Remember in q2 ip
Edwin star, war, what is it good for. Welcome to power lunch, im Tyler Mathisen and i date myself proudly, ladies and gentlemen the dow at its low, now down 123 or about a half percent. But why . Well, its basically boeing and caterpillar. S p 500, it is higher by about a fifth of a percent and nasdaq higher about a half percent. Those are sitting at record levels the nasdaq, i should say, despite the hurdles facing big tech as the doj takes aim at the industry more broadly launching a broad review of Big Tech Companies over fresh anticompetitive concerns. Elon moy with more the Justice Department plans to look at three areas of concern. Are the Big Tech Companies stifling innovation or harming consumers . The doj said there are widespread concerns about practices related to search, social media and some retail the doj does not name specific companies, but google, facebook, am amazon and apple could get caught up in this. Without the discipline of meaningful, marketbased competition, d
I rarely read news articles on me. Even alter isaacsons book, i asked walter should i read the book and he said no so i did not read the book on myself. I actually dont quite know what the Public Perception is. Except that the nature of news is that it is going to be salacious. It is going to be somewhat of a caricature because the more crazy something sounds, the more clicks it will get. When you think about a news story about something you know well and say, how accurate is that new story about something you know well, i think you will find it is not very accurate to that is true for everything. There is sort of a desperate quest for clicks. The more crazy the headline is, the more clicks it will get. This is not to suggest there are not true things by the media. It is best thought of the medias best thought of as a click maximizing machine and not as a truth maximizing machine. I think it is best to look at the words someone says themselves as opposed to what is written about them.
With plans to spend even more aggressively on a. I. Also, that Second Quarter guidance, perhaps, not that exciting on top of that, we got a massive earnings day comcast, five dow components also reporting, merck, honeywell, caterpillar, dow and ibm, one of the biggest laggards on the s p, by the way lets begin with the Market Reaction to the weaker than expected gdp, jim. 1. 6 looking for prior actually, it was about 2. 5 . Goldman was at 3. 1 . This is one where people were obviously the wrong way on both. Wrong on how slow it is and wrong on inflation so, the fed needs some help. These were numbers where you could say, you know what, they can cut. But david, you dont cut when you have this kind of inflation. So, the core price index, up 3. 7 when you were looking for 3. 4. What are you smirking about . These are awful numbers. Im not smirking. I was looking at you happily, happy to see you my gosh. What am i, your kid you bring me to work today listen to me gdp no. The worry now is s
Whether it will go up or down, what it will look like, i cant comment much , as a supervisor of the Capital Market, i have to follow up on these issues that i mentioned. The issues that are actually operationalized by legislative Decision Makers or executive bodies and they should follow up from here, now the result. They say that it has not increased that fast, because of this, the net profit of the companies that the net profit margin of the companies in 2019 was 34 in the last quarter that we calculated from Manufacturing Companies to it has decreased by 13 and this has prevented the increase in prices to some extent, which means that the value of the companies is not proportional to their profitability. The amount of investment that is made in companies now is not proportional to their profitability and this profitability is not the answer to that investment. What will be the result of this if we continue in this way , there will be no new investment in this industry, which means t