Giving a lot of insight well be bringing you results apple, amazon, alphabet and facebook all report their earnings coincidence those four Companies Make up about 16 of the s p 500. Worth about 5 trillion combined and come a day after the heated antitrust hearing. Wolf, this is a good read in for you. For sure. There was meant to be three of those. Facebook got moved from yesterday to today after that hearing. After the close, we are waiting for two economic reports it is thursday, that means weekly jobless claims. Another 1. 4 million filed for the first time last week the first read on Second Quarter gdp. The economy likely contracted by 34. 7 . Both jobless and gdp due at 8 30 eastern time you look at those numbers down 34. 7 from the estimate we know it, weve been hearing from companies and what has been happening. Thats a lot of news to digest ahead of all of these reports. You are watching futures under a little pressure. Lets look at where things stand now. Dow down 206 points,
Apple. Josh lipton has the latest reporter apple says the stock split is to make the stock more accessible to a broad base of investors iphone revenue is blowing past expectations 26. 4 billion. I did have the chance to catch up with apples ceo tim cook we talked about those iphone demand trends and the mix in the quarter. Cook telling me iphone 11 is the most popular iphone and we had a great launch, he says, on iphone se during the quarter. It was also very strong, an uptick in switchers, meaning android switchers, that we were happy to see and the iphone se is clearly helping with that i asked cook about those broader work from home trends, how is that benefiting apples products and services during the quarter. Cook says it definitely is, it definitely has boosted, cook saying, mac and ipad, we see those picking up for productivity weve son several school buys of ipads. We have the strongest lineup in both mac and ipads than weve ever had, a combination of those coming together at t
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Arrested 42 year old black man Robert Julian williams on a felony warrant for larceny after facial Recognition Technology fingered him was the perpetrator of shoplifting 3800 dollars worth of watches from a shy mellow store the computer said you did it so thats a wrap case closed looking down on lets go grab you know starbucks and maybe pepper pepper spray a few protesters on our way there but not so fast no no no turns out this Crime Fighting facial Recognition Technology has a pretty major fatal flaw the New York Times reports that while facial Recognition Systems have been dangerously used by police for more than 2 decades recent studies by mit and the National Institute of standards and technology or nist have found that while the Technology Works relatively well on white men the results are less accurate for other demographics in part because they will. Back of diversity in the images used to develop the underlying databases and this flaw in the programming has now made poor fathe
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