Correction for stocks. Im in for melissa lee. Tonight we start with apple. The stock surging on a big top and bottom line about it. We just sat down with the ceo tim cook moments ago. Lets get straight to josh with the headlines. Josh . Sarah, i did sit down with ceo tim cook to go over the quarter. Let me give you the highlights. He said he feels fantastic about how the iphone did in q3. 40. 4 million un iits. Cooks point to me was that iphone demand was actually even better than what those sales might indicate because he took down that smart phone inventory by about four Million Units in the quarter. He also says he feels bullish about that iphone franchise looking ahead. He pointed at the q3 that the switchers from an zroidroids hi record. Iphone se he pointed out that, is the latest iphone, the four inch device, is attracting a whole new group of users to the ios system. And as for other products, ipad about ten million. That is a product still under pressure. Cook telling me this
His ideas into the democratic platform, but what impact will that have on the economy . Former white house economic adviser laura tyson who served under bill clinton will join us coming up. And one thing both the republicans and democrats seem to agree on this election is breaking up the big banks and bringing back that gla glass steagall law. We have somebody who says glass steagall is not to blame for the financial crisis. Lets start with apples big reveal on earnings coming up in about an hour, hour and a half. Josh lipton is joining us now. What is the street looking for, josh . Bill, lets just start with estimates for the bottom and the top. So analysts are going to be looking for eps of 1. 38 on revenue of 42. 1 billion. Now, that would represent drops of 25 and 15 respectively. Analysts think apple sold 40 million iphones in the quarter. That would be a decline of 17 as that company deals with just tough comps and fans, of course, waiting for that new iphone 7. Beyond those basi
Excited about this market. Today was a profit taker after Interest Rates spiked again. This will be backsliding. The get the proposed deal. Before you get too negative lets propose a few more acquisitions. Why shouldnt they sponsor apache . Shouldnt i be questioning analytics . All these deals make sense to me. They make sense to me because they remind me when activist bought alergen which is looking like pure genius. They reported the biggest numbers in 2015. A monster beat vrsous what the analysts were looking for, propelling the stock up 9 on top of pretty good action at the end of last week despite the hideous backdrop of a really terrible stock market today. Hey if you dont know activist allow me to refresh your memory. It is the business run by Brent Saunders operating at an incredible lechl. Their turning them into commercial power houses well before their time. November 2014 he boughtaler again for 66 billion. 219 a share. At the time it looked like a ridiculous overpay. Alerge
a bull market somewhere. mad money. you can t afford to miss it! hey, i m cramer! welcome to mad money. welcome to cramerica. other people want to make friends. just trying to make you a little money. my job is not just to entertain but to coach and teach you. so call me at 1-800-743-cnbc. the chatter about the stock market becoming a bubble has been thicker and is thicker of late. as commentator after commentator come on our network and say this is absurd. this market is ridiculously overvalued was the case again today with dow jumping 63 points, s&p climbing 3.6%. nasdaq advanced .09% and all i heard was yep, it s bubble, bubble, toil. and, indeed, trouble! i rebel at the simplistic line of reasoning, it tends to come from people who haven t liked the market for ages and ages or more important, do not know about individual stocks. if they did, i think they would be drawing different conclusions. so tonight we re going to tackle the bears who think we re in a bubble. a
is absurd. this market is ridiculously overvalued was the case again today with dow jumping 63 points, s&p climbing 3.6%. nasdaq advanced.09% and all i heard was yep, it s bubble, bubble, toil. and, indeed, trouble! i rebel at the sim list particular line of reasoning, it tends to come from people who haven t liked the market for ages and ages or more important, do not know about individual stocks. if they did, i think they would be drawing different conclusion cans. so tonight we re going to tackle the bears who think we re in a bubble. attack them head-on. we are anti bubble heads! we re going to find out where they are right as they are in some places, i m not dogmatic. and where they are wrong. and we ll print this bubble talk before it gets out of hand, and we re also helium! first, how about the overall market. is it too rich. let s consider the s&p 500. right now we re taking 15 times earnings for the s&p 500. that price to earnings multiple lingo may elude you. suffic