Its stillness estimates. The Sales Forecast came up short as well. They were planning on selling a lot. Sales of the new apple watch were less than what analysts had estimated. Ceo tim cook says the company is pleased. Tim cook sales of the watch exceeded our expectation despite supply still trailing demand at the end of the quarter. To give you additional insight through the end of the quarter the apple one sold higher than the comparable launch times of the original iphone or the original ipad. 73 of old iphone users have not upgraded to the latest device. Plus, more than double, more than apple coming up in a few moments. Olivia boeings cash flow is surging thanks to the 787. Earnings beat analyst estimates. They lowered their forecast for the year. Also out beating earnings estimates. Increasing prices and cutting expenses. It is a nice combo. The price hikes helped offset falling sales in the u. S. And stagnant demand overseas. At ts proposed takeover of directv has cleared a hurd
Flag. It is like a stroll. Tom ok a greece update their. There. We will have other headlines coming out on it. We need to brief you on greece. We begin our top headlines with vonnie quinn. Vonnie i want to mention that earnings are out as well expected to be 1. 04. Creditors and Alexis Tsipras are negotiating a third bailout. More than three dozen members of his party abandoned him in the final vote. Tsipras warned that the rest of the bell talks will not be easy. Pm tsipras this hard negotiation process is not end here. After the approval of this last package, according to the deal of july 12, we are obliged to negotiate again with the same persistence and fashion in order to negotiate on the terms of the loan. Vonnie tsipras promise to try to approve the final bailout deal. Secretary of state john kerry goes to make his case for the iran deal. Kerry and other officials will testify before the Senate Foreign relations committee. Congress has 60 days to review the agreement. Obama said
Worse but the profit and sales matt continue to do through that report. Olivia they will finally sell matt they will finally sell breakfast all day which is a nobrainer. Stephanie let us give you some top stories right now. We have so much news for you this morning. We are talking about matts breakfast later because they are serving all day. Matt in greece, lawmakers approved another round of creditor demand. The European Commission says talks should begin quickly. Tsipras warned the rest of the process will not be easy. It is hard negotiation process. It does not end here. After the approval of this package we are obliged to negotiate again with the same persistence and passion in order to agree on the terms of the loan. Matt he said he will diplomat the Austerity Program demanded by creditors even though he thinks it is wrong. Secretary of state john kerry goes to capitol hill today to make his case for the iran nuclear deal. He and other ministers and officials will testify before t
Wave of consolidation in the Health Insurance industry. At t is on the verge of winning Regulatory Approval for its 49 billion takeover bid of direct tv. Bloomberg north the bloomberg report said many commissioners have voted to favor the deal. The Justice Department will not challenge the deal because it does not pose a risk to competition. Stephanie president obama will land in the country where his father was born, kenya. He left washington d. C. Last night. He is on his way to nairobi and will attend a Global Entrepreneurship conference, and meet with kenyas president. He will become the first u. S. President to visit ethiopia on sunday. A gunman opened fire in lafayette, louisiana in a Movie Theater. He killed two people and wounded nine others before killing himself. The shooter tried to escape but turned back when he saw police enter the theater. Governor bobby jindal spoke at a news conference. When these kinds of acts of violence happen in a Movie Theater, when there is no rea
Morning. It is so vast that the Vice President of the united dates jumping into help here we will hear that plan coming up. Stephanie until then, ill give you the top news stories for the morning. I mentioned it earlier. Stocks in china earlier today. The benchmark shanghai composite index, 8. 5 , the most since 2007. Investors are growing concerns the Chinese Government may end those unprecedented steps it took to prop up share prices. Earlier this year on bloomberg television, the head of the council on Foreign Relations call that a nightmare scenario for chinese leadership. Where does the government and this party get its legitimacy . The answer is that they cannot quite figure it out. They have got a real problem on their hands and they do not quite know what to do it that is why you see massive intervention. This is a serious political problem. Stephanie let me break it down. From july 8 through this past friday, the shanghai rebounded 15 , more than 1400 stocks, were allowed to s