With the chairman in the midst of a sales lunch, whose as the company has a plan b. And the cost of being cool. A former executive testifies the Company Fired thousands of workers in recent years in an effort to compete with Companies Like google and amazon. The latest on multiple age discrimination lawsuits facing big blue. Our top story of the week, apple earnings. The tech giant forecasting revenues that topped analyst estimates, and services now contribute to a fifth of total sales. They also reported the iphone represented 45 of revenue, the first time it has made up half of sales. In a way, this is progress towards apples less reliance on the flagship product and more on new lines of business. I got reaction from bloomberg businessweeks max chafkin and a Portfolio Manager, dan morgan, who manages apple stock for his clients. Dan it was interesting, if you would have told me they would have missed on both services and revenue, i would have said there was no way they would beat on
Edwin star, war, what is it good for. Welcome to power lunch, im Tyler Mathisen and i date myself proudly, ladies and gentlemen the dow at its low, now down 123 or about a half percent. But why . Well, its basically boeing and caterpillar. S p 500, it is higher by about a fifth of a percent and nasdaq higher about a half percent. Those are sitting at record levels the nasdaq, i should say, despite the hurdles facing big tech as the doj takes aim at the industry more broadly launching a broad review of Big Tech Companies over fresh anticompetitive concerns. Elon moy with more the Justice Department plans to look at three areas of concern. Are the Big Tech Companies stifling innovation or harming consumers . The doj said there are widespread concerns about practices related to search, social media and some retail the doj does not name specific companies, but google, facebook, am amazon and apple could get caught up in this. Without the discipline of meaningful, marketbased competition, d
March. It can be cold and snowy. But when it comes the day after sunny weather and 70 degrees, its a little hard to take. But here we are. The cold weather will stick around for a while. Yellow weather alert day. That will be canceled momentarily as we watch these snow showers get out of the way. But theres still rain showers for southern maryland. Were drying out. We have a lot of snow falling around dc. Not much to speak of. There were some reports in the Higher Elevations around damascus and upper montgomery county. Through hagers town and West Virginia that did have a little layer there on some of the grassy and elevated surfaces. But we knew the roaded would be fine and they were. Live doppler, through annapolis, snow falling. Some big flakes out there. Melting right away. Through upper marlborough, what do we expect for the rest of the day . Its cold but now the winds will pick up. And the winds are bringing in the cold weather for the weekend. We gorgeous, sunshine, its just a l
Im toll sullivan in for neil cavuto. Epa head lisa jackson announced she is leaving. House republicans saying that jackson used an alias to use a slew of emails about epa business, they are wondering why that was necessary, they want answers, but first a member of the group who sued the administration to release the documents, myron gel is joining me now, we did contact the epa for a statement today, it did not provide one, myron, how did you find out, what led you dont this path to where there were aliases in a cloak and dagger about the way they used other outside email addresses . Tom, it was due to the persist stance of my colleague at cei, chris horner, with a series of freom of information requests, and a lawsuit. Discovered that lisa jackson was concealing the publics business under an email account in her name for that account was Richard Windsor. No freedom of information act request had until we discovered that account, had they ever searched her private email accounts that s
Im toll sullivan in for neil cavuto. Epa head lisa jackson announced she is leaving. House republicans saying that jackson used an alias to use a slew of emails about epa business, they are wondering why that was necessary, they want answers, but first a member of the group who sued the administration to release the documents, myron gel is joining me now, we did contact the epa for a statement today, it did not provide one, myron, how did you find out, what led you dont this path to where there were aliases in a cloak and dagger about the way they used other outside email addresses . Tom, it was due to the persist stance of my colleague at cei, chris horner, with a series of freedom of information requests, and a lawsuit. Discovered that lisa jackson was concealing the publics business under an email account in her name for that account was Richard Windsor. No freedom of information act request had until we discovered that account, had they ever searched her private email accounts that