And gop president ial nominee mitt romney is fueling speculation he may step back into state politics. In a tweet today he said he will make an announcement on february 15 about the senate seat skin to be vacated by orrin hatch. Two students were shot and one wounded critically in a Los Angeles Middle School classroom. Police took a female student into custody. It happened just west of downtown los angeles. Global news 24 hours a day powered by more than 2700 journalists and analysts in 120 countries. This is bloomberg and Bloomberg Technology is next. Emily welcome to Bloomberg Technology. Apples brandnew headquarters with what else but Apple Earnings. I just got out of a meeting with tim cook i will bring you highlights. Lets dig into the numbers. Apple selling slightly below estimates. The average selling price was 796. The company hitting an all time revenue record. 88. 3 billion. I want to bring in cory johnson in new york. I want to start with a quote from tim cook, there has bee
Bitcoin extending its bid slight, falling to around threemonth lows, below 7,000. Broadcom is higher, rising its takeover to 82 a share, but qualcomm shares falling after a Research Note says apple may drop the company in favor of intel for its next generation of iphones. Michelle will join us in a couple minutes its fast money trader guy adami, who will be with us for the entire show, but well begin, as we obvious do, where the action is, with bob pisani. Hello, tyler, quite a yoyo of a day traders are trying to figure out the bottom where to look for it in a market bottom first. Sellers are exhausteds, you want to see the selling stop and then if buyers have some kind of interest i would say right now were in an indeterminate moment. They tried to rally, but there really wasnt enough buying interest and then we drop below the low of the day, and then saw volume pickups for most of the etfs that are out there. Now i think you see a small attempt to rally, and then move back down here
Here we are august 1st already, summer flying by, hottest time of the year. We will see temperatures in the lower 90s. We are waking up, somewhat on the comfortable side. It is warm. Mid 70s in philadelphia at the airport. 76 degrees. Nice 60s showing up north and west allentown at 64. Sixtyseven in reading. South jersey we will go also in the lower 07s in wildwood right now. There are the suburbs quakertown a cooler spots and pottstown coming in at 64 degrees at this hour. The wind are shifting out of the southwest. That keeps heat around. Humidity levels slightly higher then yesterday but still not too bad for early august, and we will look at those dew point temperatures in yesterday and they were in the lower 60s and 50s and little bit high tore day. More moisture in the air with you overall not that bad. It could be worse. Storm scan three is quiet. A few clouds this morning. We should see plenty of sunshine throughout the day maybe fair weather cloud developing will in the aftern
Fraught with risk. Betty we are getting breaking industrialth korea production for the month of july, coming in better than 1. 9 , year on year. Estimates, they expected a decline of 2 10 of 1 , but we see a rebound of 1 10 of 1 . The prior month was revised lower, that is what you see a bigger rebound. Nonetheless, it speaks to the same conclusion among economists in south korea that the economy continues to grow in the second half, fueled by exports as well as domestic consumption, despite all these headlines we had the last 48 hours on north korea. Yvonne that is right. The economy is still on solid footing. But you wonder, we have heard hawkish rhetoric from the bank of korea governor. Can they continue this type of language if this north korea issue is not going away . It could start riling up markets and consumer sentiment, delay investment plans from businesses. That is the key question. We are looking to that press conference from the governor. A big day today with the u. S. Gd
With not see many rallies like this, certainly not many that are as broadbased at this. Last week, the s p 500 was down, but only by 0. 6 . The bounceback from Hurricane Irma was not as bad as feared. Declinearger than the going into it. Interesting phenomenon we are seeing. If you look at the daily change, this is the fourth time this year the index is up by at least 1 . If it holds by the closed, that is the copy yet. It could be a record lows for the index if theyll hold at these levels. This matches the number of 1 declines we have had this year. It has been relatively unusual we see a game like this. We got close a couple times, but have not reached that 1 threshold. Robbased rally. All the groups in the s p 500 are higher today. Financials are leading by the most as we see gains and insurance talks, which fell stocks, whichance fell going into the weekend. , technology, energy, all of these groups on the rise. Some of the companies that are exposed in florida and in the southeast