Moves. Deirdre bosa is standing by. First to josh lipton with more on amds quarter josh reporter i caught up with rbcs mitch steeves, an amd bull he calls this a monster beat and raise, nothing negative in the print. Mitch says that he can see full raise to 32 growth, up from 25 growth. Gross margins also expected to expand thats due to the continued strength in server chips mitch saying amd clearly gaining share on intel just talking more about the report and the guidance. Calling for about 2. 55 billion, better than expected, closer to 2. 3 billion they expect 22 revenue to grow 32 . They call out strength in pc gaming and data center products. As for the two big segments in the quarter computing and graphics, 1. 37 billion that would include chips for pcs and graphics chips for gaming. That is the enterprise embedded and semicustom division, better than expected. 565 million that includes chips for the data center and also chips for game consoles and, by the way, tomorrow morning mu
Mollet. And im erika gonzalez. We are following breaking news at the walter reed campus on georgia avenue. Homicide detectives are on the scene after a man was killed. News4 tells us this appears to be a fight between two workers. Hi, amy. Mel lisa, erika, learned a man killed in his 20s. So they have arrested someone so no fleet to tthreat to the publ. One of them pulled out a gun and fight ended with one worker shooting and killing the other. Alleged shooter is a man in his 50s. D. C. Police say they are calling him a person of interest and questioning him. We came across him as we were coming up. So he was readily available. Hes been cooperating with us. Now as you can see, that shooting took place compound. This is the old walter reed medical campus. So in order to be on the grounds people would need clearance. Not yet clear who these people worked for. Police have not yet released their identity. That is the latest. Live in new york. Aimee cho news4. Aime, thank you. All right tra
We will tell you what has him so bullish. We start off with the biggest stock in the world, apple reported earnings moments ago. The stock was falling after a revenue miss. We got full team coverage. Our joan e own josh lipton is at apple headquarters on a brandnew red iphone. We will check in with him later often. Josh, we kick it off first with you. Mel lit i lisa, lets start with the this iphone, they were down year over year, in an interview with ceo tim cook who cold me in part that demand looks better than those units suggest because he did take down that channel inventory that 1. 2 Million Units in a quarter. He said iphone fans may be deferring that upgrade because of what they think is coming. He told me, we have seeing a delay in purchasing behavior, we think is a consequence of the number of groomers and reports about future products. That is happening. However. If you look at the iphone outside of greater china, iphone units grew very nicely. We had more upgraders in the fi
This time Spirit Airlines coming under pressure after a big fight breaks out in florida. We will bring you all the latest details. We have one of the most surprising trades of the month the retail resurgence, Retail Stocks surging more than 1 today up more than 5 in the last month. Check out names like home depot and lowes hitting an all time high. Walmart at a 52week high. All this ahead of macys, j. C. Pennies and in order stroms ahead of earnings. Is the Long National nightmare finally over . What do the performance say about the consumer . Guy, what do you think . I dont think its over for macys or nordstroms. I think these stores have tremendous head winds, still, you mentioned to start the show, home depot, dan has been all over walmart for quite some time. These stocks still make sense, people will knock home depot on valuation. Maybe 20 times forward earnings, its getting a little expensive kward to lowes at 16. The world continues to set up well for home depot. They continue t
Company, in this room could be the next hot ipo. Fast money trader dan nathan, guy adami made the trip to be out here. They survived last night. We wont ask what happened. Well see if they can get through this next hour. Snap just crapped out, were in vegas, crapped out, was this a reality check . Dan, lets kick it off with you. One of the questions you keep hearing in a conference like this, where there is a lot of companies doing disruptive things is whether or not they need to go public. There is a lot of access to capital, both equity and debt. They can finance a lot of their growth, dont forget, look back to facebook, one of the things facebook did in the leadup to 2012, they spent a billion dollars to buy instagram, that was before they went ipo. Then what do they do in 2013 . They spent more than 20 billion to buy whats app. They needed to do that to raise the capital in the Public Markets to be able to finance this next leg of growth. Heres a company thats valued over 400 billi