Than 61 million iphones in just the first three months of the year. Proving to investors that its smartphone sales are still going very strong. Here are the numbers and there are a lot of them. Apple reported a 33 increase in its quarterly profit over a year ago. It pulled in 2. 33 a share, that was 17 cents better than estimates. E up 27 . Coming in at an astonishing 58 billion, easily surpassing expectations there and apple is going to give back more to shareholders increasing its dividend 11 . Boosting its Share Repurchase program by 50 billion to a total of 140 billion and pledging to return a total of 200 billion to shareholders through buybacks and dividends by 2017. And how about for it . It now stands at 194 billion and investors initially sent shares to a new high in after hours trading. Josh lipton now with more on apples earnings and what tim cook told him earlie reporter the big number in apples latest Earnings Report 61. 2 million. That is the number of iphones that apple
Greece. Our road map begins with retailers hoping that online holiday sales click on this sibler monday. Will they make up for the thanksgiving weekend seeing shoppers spend less than a year ago. Lots of business around amazons Package Delivery via drones. Another month in the books. Well explore whether the trend is likely to continue in december. A number of wall street firms initiate cover of twitter. Well have details on the caller later in the program. First up, welcome to cyber monday, the day that online sales surge following the thanksgiving weekend. Retailers hope that makes up for the Holiday Weekend. The National Retail federation says total spending fell 2. 9 compared to a year ago, the first decline, guys, in seven years. How concerning is it . Well, look. I think that this omnichannel has taken off. I dont classic example. I dont know a lot of people went to the mall. You can say its A Groucho Marx thing. Everyone is there so they dont want to go. I went to amazon. I orde
Equities were favored over bonds but the flows into equities moderated into october. As for december, it historically has been the best month on the average for the dow and the second best month for the s p. This morning the futures, when we get into the trading month for december, you can see they have barely budged. Dow futures by 4 points, s p down by 1 and nasdaq up by 1. 5. Among the eye lights, we have the European Central banks last meeting of the year. In the u. S. , a first revision to the Third Quarter gdp comes on thursday. Friday, the big number. The november jobs report. Markets watching that very closely to try to figure out what the fed is thinking about all of this. Steve, ill send it over to you. Thanks, becky. Lets talk shopping. After the First Official weekend of Holiday Retail. The National Retail federation reports shoppers spent less than they did a year earlier. The nrf suggests shoppers spent 407. 20. Online sales soared. Meantime, Research Firms say the traffi
Obviously we were higher than that, not much more but were higher earlier in the day. The nasdaq up by only eight points and the s p finishing up by just a trickle of positive. Well, ticktock. The market is closed. Seems to be waiting once again for some clear signal on whats going to happen with regards to the fiscal cliff. How can you make money in the final trading sessions of the year amongst all this uncertainty . We have definite answers coming with our panel. Back with us Nathan Bachrach from the financial network. Also matt mccormick, sandy lincoln, and john spolinsani. What do we do between now and the end of the year . We wait. You hope there will be a resolution with the fiscal cliff. Also 2013 could be a difficult year. Its the first year of the president ial term which is usually a weak un. Earnings growth looks a little bit weaker. We are very big on di dends. We believe this is a grinded out market. Prepare for instability. So its glass half empty for you right now. Wed
The nasdaq a 13year record. Heres where we stand right now. What does great 2013 spell for 2014 . There you see the industrials up nearly 82 points. The s p up 10 and nasdaq up 38. So what the heck . Thats what were calling it with the tenyear near 3 . Rates rising in china. How can we hit record after record . It usually doesnt work that way. This time, maybe as the saying goes it will be different. Sue is out, joined by michele at the new york stock exchange. Hey there, tyler. The dow up today, you said it a second ago. Take a look at the returns for the year so far. 25 . The spy, the etf that tracks the s p 500, if you put 100,000 at the start of the year you would be up by roughly 28,000. The triple qs track the nasdaq 100 up 33 year to date. Bob pisani is here on the floor. If you put 100,000 in the s p at the start of the year i would be impressed and hang out with you for a while. Last week with the big rally it would cut into the santa claus rally. It starts tomorrow. Good for