Lowered iphone x shipment projections for the next quarter, citing weak demand late in the holiday season. Iphone sales have declined by 10 Million Units next quarter. Other analysts cite the iphones high price and a lack of groundbreaking innovations. We talked about that to Bloomberg Technologys alex webb. Alex the iphone x was released six weeks after the iphone 8. And so there was a fear that maybe if they got too close to the release date of samsungs next highend smartphone which will probably come in march, there would not be enough demand to sustain the demand they otherwise have to get. Cory competition is another part of this . Alex exactly. Particularly in china, a lot of the local manufacturers are coming out with products now, which have a better price point than what apple is able to offer, but have similar very features. Nobody quite yet has the Face Identification or the sensor that the iphone has. Some of these analysts were writing earlier today, that has not been enou
Haystack the dow tumbled another 1,033 points no, no, no. S p sank 3. 75 . Nasdaq nosediving 3. 9 . In all honesty, what does it take should we look the answer is no no at least for the moment. There are far too few winners and the circumstances behind their moves are so hard to predict its simply not worth the hunt, not right now. You have to be content with buying the stocks of the companies you like that have hit attractive levels even if you end up having to buy more lower later betting one day the madness ends with wildness its often a better idea and this is what my advice is to sit on your hands after late afternoons late reversal we know any move higher for the moment will prove to be effectual. I dont want you to sell everything look, im not trying to be a defeatist. Sometimes the truth hurts. First, let me do this. Let me clear up the real culprit behind todays shellacking i heard stocks are going down because of weakness in the bond market this is false. Bonds might have set
Seventytwo wilmington. Seventythree in lancaster. In the 60s in mount pocono, recapping a few spots that actually set new record highs, today, philadelphia, 71, previous record was 70. Atlantic city at seven. Mount pocono 64. Wilmington 74. Georgetown at 72. All, new, records. It does feel like spring even more so tomorrow where we are backup to 75 degrees, and temperatures do buckle up a little in the week, weekend shows more warmth but we will track rain chances, at a pay for this nice weather somehow. We will pay with days of rain chances and tell you when to expect it when i join you inside. Now back to you. If you need to make outdoor plans during this stretch of warm weather we can help track conditions by down loading free cbs philly weather app available on i tunes and google play. Happening not outrage at Maple Shade High School, authorities in the south jersey town are investigating racist, social media posts, Eyewitness News reporter cleve bryan is live in maple shade with d
Papelbon. Good riddance. Down the road in washington. Enjoy him the nationals he seems like the quality guy. Phillies won again. Yes, they did. In toronto. So well talk about that in a little while. This is kind of breaking weather news, just issued by the National Weather service excessive heat warning. And it is in effect in all of these areas in blazing red, until 6 00 tonight. This is for the heat index that could be 100 or above meaning, what it feels like outside after we get to the high of 95. We also have for the entire region, an air quality warning, until tomorrow, until, i should say until later today. So anyway, satellite radar picture, no rain on it, look where we are already at 79 degrees. We have 84 relative humidity. We have only a 3mile per hour winds. 5 57 is your sunrise time. Temperatures elsewhere 62 mount pocono, already 70 in allentown, 71 in reading and 72 in trenton. Seventyfour atlantic city, 73 dover, you get the idea, in the 70s just about everywhere. Winds,
Quickly on this headline that mccain plans to vote no on the Graham Cassidy bill. Heres the s p 500 managed care index. This is the spike, it has changed a little bit, but you saw how it is falling going into this headline. Some of the large Health Insurance Companies Like the United Health cares of the world have not been moving much over the past few months, but they have been moving today. United health is still down. Those companies are seen as having more leverage in the Health Care Policy changing. Ne, which has more exposure to those who would be affected by changes to healthcare legislation. , an operator of many urgent care centers, has been volatile in recent days as well. Traders try to figure out what this vote could potentially mean. Turning back to broader markets, taking a look at the week that we have seen for the major averages. As we know, the three majors did hit records this week. The dow has been leading on the but, up a quarter percent, the s p little change, the