Restrictions, giving us clues as to how consumers may react durables down 14 june wti holding at 17 as energy is the only positive sector for the week a lot of discussion about 2,800, are we range bound where is the ceiling now markets giving all kinds of important clues. A lot of analysts, we follow them for a long time they wait and wait until theres a moment where they can go negative theres enough companies that have done well, i have every piece of research in front of me i dont have an upgrade. I have downgrade, downgrade, downgrade. Because the stocks have run, it gives these analysts a chance to say, uh, im so lucky. It went from 29,000 down to 18 it bounced back, and now i can get off and not look bad and thats the whole tone of this morning i find it curious. I think that in general the companies have done a pretty good job just they like to pull their forecast because who the heck knows. If dr. Gottlieb doesnt know what will happen, why should he expect these guys to know wh
A payroll tax cut to provide shortterm stimulus, pu sources telling cnbc the white house is far from ready to roll out the proposals and a number of Companies Cutting their dividends and Spending Plans guests this afternoon, the ceo of jet blue as the company pulls its guidance due coronavirus jim oneill joins us to discuss the Economic Impact and government responses around the globe and what to do with your money now. David herro will join us as we count you down into the close. 59 minutes left of trade joining us for the full hour, paul hickey and paul, you guys have been doing some research as to how key and how stomach churning this final hour of trade has been this really is the most important hour of the day lately over the last ten days zblsh repeat that. Most important hour of the day. Over the last ten trading days, weve seen an average move of 1. 1 in the s p 500. Weve only seen that five other times going back to the early 80s last 15 minutes of trading, average move of. 8
Zuckerberg would not. Twitter banning political ads of all types. We have details. Tesla owners talk. Bloomberg conducts the biggest survey of tesla drivers today. 5000, in fact. What they have to say about what elon musk is doing right and wrong. Dominated byk was tech earnings. Apple beat across the board wednesday, topping estimates for both last Quarter Results and next quarters forecast. This all despite sputtering iphone sales. Andlights included sales profits that topped analyst projections. The ceo announced apple will launch a no interest iphone payments on the apple card, adding that the apple card is the most successful launch for a credit card in the u. S. Ever. I got insight from forrester analyst julie osc. We have been seeing upward revisions to basically all of the numbers throughout the quarter so it is not a surprise that the stock had performed pretty well coming into the report that said, especially on the services aside, this was a really large to be large be at. O
Twitter is banning political ads of all types. We have details. Tesla owners talk. Bloomberg conducts the biggest survey of tesla drivers today. To date. 5000, in fact. What they have to say about what elon musk is doing right and wrong. Now, this week was dominated by tech earnings. Apple beat across the board wednesday, topping estimates for both last Quarter Results and next quarters forecast. This all despite sputtering iphone sales. Highlights included sales and profits that topped analyst projections. Services revenue also reached a record high. The ceo announced apple will launch a no interest iphone payments on the apple card, adding that the apple card is the most successful launch for a credit card in the u. S. Ever. I got insight from forrester analyst julie ask. We have been seeing upward revisions to basically all of the numbers throughout the quarter so it is not a surprise that the stock had performed pretty well coming into the report. That said, especially on the servi
Final 59 minutes of trade, looks like the bulls started happy hour little too early and completely stopped. They had to sit down. Look at the dow entered day. The rally up 290 points to the upside, it has entirely disappeared. We reversed. The dow was down one hundred 12 points. A pretty significant swing here. Lets look at the s p. It was again of 38 points, we are down 17. All happening at precisely the same time. Look at the nasdaq, the broader markets around 2 00, 10 00 pm, the nasdaq had been as high as one hundred 59 points, way up higher, it comes just as apple dropped below its 50 Day Moving Average in heavy trading. A move that can be considered a cell signal. You can look at apple right now down 4. 5 , 11 00 a. M. 00 am it was down 2 and change. You see the doubling and this sort of waterfall situation and 182. 63 a share, apple has lost its 3 trillion market status, apple did beat on the top and bottom line for quarterly numbers but iphone sales in at 39. 67 billion, shy of