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Transcripts For CNBC Squawk On The Street 20160727

Steady. Road map on a busy day for earnings including apple, coke and boeing. Apple surging in the premarket on the sfwheets more from the dnc. Less discord from inside the convention. President obama, joe biden and Vice President ial nominee tim kaine are on tap to speak today. Another tough quarter for twitter and jack dorsey, the stock plunging after results disappoint. What happens to the company next. But first up, apple shares are surging after the Company Reports a beat on the top and bottom line. Revenue did fall for the second straight quarter. Iphones saw the steepest sales decline year on year but that number was less than what the street was expecting. Analysts expecting an uptick in iphone sales when the new 7 is released later this year. Revenue guide not too bad. Jim, cost control, margin guide, okay. Yeah. I think there are probably people at home saying how could they have a huge decline and the stock run. The answer is in the number of iphones that they sold a lot of

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