They want to check that out as well. We kick it off here with the google, hitting all time highs in the after session, costing 900 a share for the first time ever. Lets go to san francisco, they just spoke with a top Company Executive moments ago, josh, whats the headline . Obviously here, melissa, listen, some investors expressed concern headed into this print because of that youtube advertiser boycott. What that would mean in terms of impact. I did talk to a senior capextive at the company. They said listen, they take seriously to protect the ecosystem. We know google did implement few controls and policies from a revenue perspective, this executive saying the near term impact from that controversy would be in their words modest. You saw google advertising revenue 24 billion. Long term this executive saying they continue to benefit from a secular shift from how people are consuming continent, in oth words, youtube is the place to be t. Cfo also weighing in on the quarter. Take a list
We will tell you what has him so bullish. We start off with the biggest stock in the world, apple reported earnings moments ago. The stock was falling after a revenue miss. We got full team coverage. Our joan e own josh lipton is at apple headquarters on a brandnew red iphone. We will check in with him later often. Josh, we kick it off first with you. Mel lit i lisa, lets start with the this iphone, they were down year over year, in an interview with ceo tim cook who cold me in part that demand looks better than those units suggest because he did take down that channel inventory that 1. 2 Million Units in a quarter. He said iphone fans may be deferring that upgrade because of what they think is coming. He told me, we have seeing a delay in purchasing behavior, we think is a consequence of the number of groomers and reports about future products. That is happening. However. If you look at the iphone outside of greater china, iphone units grew very nicely. We had more upgraders in the fi
Down, we will take your questions about additional currency. First, we start with what looks like investor heaven. Stocks are soaring, the dow is up 7 the year, the s p had a record high of 9 t. Nasdaq also had a record up a staggering 15 this year. Its not just stocks, gold is up 9 . Bond is up. Its the same across the globe. So is this investor heaven . Or is it something has to give, guys . Smr smag has to give, absolutely. Right now, i love the graphic and the hearts and everything. Did you ever have harp lessons as a kid . I think you say the course. We had a section last fight, do you stay with the winners . I think the winners are winners for a reasonch i think you continue to stay with names, names that weve talked about for a long time. Honeywell in the Aerospace Defense industrial section you stay with. Clearly something is going on with netflix. Analysts get their arms around. Home depot has been a monster now the last five or six years. I do think the slf is giving you an o
Could sends them back. Well tell you on the profit. We start tonight in the financials, while tech stocks took it on the kin today the banks actually surged. The xlf rallying 2 the best week since early december. This as bank of america, wells fargo, j. P. Morgan and citigroup are up 2 or more. Coming on the heels of a doddfrank roll back. Is a pank trade on tractor should you save this mover . Dan. Well, i think fade it. Listen, you mentioned the two events. Theyre well known. We know that the fed is going to raise 25 basis points next week. What happened to the 210 spread . It didnt move this week. Okay. Also, last week what did we get from a lot of these banks . Management, q2 is not shaping up particularly great. Yeah, they need a little volatility. They dont need the volatility that we saw in todays action in the nasdaq personally. I dont think they do. So when i look out to the 3. 5 move, the xlf the track the bank stocks here, i think it sets up as a really Good Opportunity to o
When you looked at what was going on and really did feel like if it were possible, we had reached yet another new low in the trump presidency. Battles over gold star wives and families and the back and forth, just extraordinarily ugly, but it was good to see george w. Bush striking out against casual cruelty, saying White Supremacy was blasphemy against the american creed, balk obama speak physical terms of unison and fought demonizing the other side. As the repiepder that even in president s that many of us saw deeply flawed on policy issues in many ways, that they still had their countrys best interests first and they still tried to figure out a way in the end to bind us altogether. So the timing was important, but i must say, the continued political battle over a president s phone call to a grieving widow and what we saw from the white house and what we saw from Democratic Congress woman just had most people that i was talking to saying enough. Enough. Its time to move on. Yeah. Wel