Matt u. S. Authorities worn americans to prepare for a can potentially coronavirus outbreak to prepare for a potential coronavirus outbreak. Meanwhile, rio tintos windfall. They report their highest fouryear profit in eight years on a surge in iron ore prices, but the Company Warns of significant uncertainty if the coronavirus persons. And a South Carolina freeforall. Democratic president ial candidates turn on Bernie Sanders and his rivals came to stall the front runners momentum. Matt, let me pick up with whats going on with breaking news this morning. Weve got a number of corporates reporting. Lets get to the luxury sector with hermes. 10. 7 . S up by the estimate was an increase of 10. 7 . Thats a redhead line across the bloomberg this morning. Still talking about ambition, some commentary coming out of the luxury french business. The ceo is saying it is too soon to know when sales will rebound. There is a potential normalization from coronavirus in china. In china, there has been
Results as leadership speculation swirls. Lets look at how we are positioned on the markets. Australia, looking like a flat open. Moved loweres have on that news from apple. Nikkei futures off about a fifth of 1 . New zealand has been trading for about an hour now. Ospi futures the latest company to announce fallout from the coronavirus. Joining us, mark gurman. Background into this announcement. Apples second revenue adjustment to years in a row. This time it also has to do with china but for a different reason , coronavirus. Billion for the march quarter. They are not saying what the new Revenue Target is. It is very clear that this is happening an impact on them. Sales in china are down dramatically. Two stores, most of which have been closed in february. China is the third biggest market. Second, the iphone is temporarily constrained, meaning they are producing less and selling less in the quarter. Andiphone makes between 50 60 of the revenues depending on which quarter you are loo
Rocking around the christmas tree. At the Christmas Party hop. Mistletoe hung where you can see. Every couple tries to stop. Rocking around the christmas tree. Let the Christmas Spirit ring. Lauren a beautiful shot of fox plaza in new york city. Merry Christmas Eve. Thank you for joining us. Im Lauren Simonetti. Tracee good morning. Merry Christmas Eve to you. Happy hand caw to our friends out there hanukkah to our friends out there. Im tracee carrasco. Lauren i was asking tracee, wheres the red. Tracee i thought it might be too much. Lauren lets show you how u. S. Markets are looking. Its a shortened session today. Markets closed tomorrow for the christmas holiday. The dow is up 20 points, the official santa claus rally kicks off today. The s p, you up up 2 points. As for the nasdaq, eight recovererecordcloses in a he roe we havent seen since 1998. Nasdaq you up 4 andahalf today. Tracee lets look at asia, how your money is moveing there. You can see the nikkei and shanghai pointing hi
To Committee Rule 7c, Opening Statements are limited to chair and Ranking Members. This allows us to hear from witnesses sooner and provides all members time to ask questions. Id like to thank secretary betsy devos and thank her to hold enough time to allow all of the members present and have five minutes of questions pursuant to house rules. I am especially thankful pause in this chair i am exercising my prerogative to go last in the question order. So if she were to leave early, i wouldnt get to answer questions. I thank you for agreeing to stay with us the full time. I recognize the opening statement. We are here to examine the department of educations implementation of the baar defense rule. I want to thank you, madam secretary, to discuss this important issue. The bar defense rule is grounded in basic fairness. Students face severe financial and emotional consequences and it is, therefore, cruel and counterproductive for the federal government to compound their misfortune by colle
The barr defense rule pursuant to Committee Rule 7c, Opening Statements are limited to chair and Ranking Members. This allows us to hear from witnesses sooner and provides all members time to ask questions. Id like to thank secretary betsy devos and thank her to hold enough time to allow all of the members present and have five minutes of questions pursuant to house rules. I am especially thankful pause in this chair i am exercising my prerogative to go last in the question order. So if she were to leave early, i wouldnt get to answer questions. I thank you for agreeing to stay with us the full time. I recognize the opening statement. We are here to examine the department of educations implementation of the baar defense rule. I want to thank you, madam secretary, to discuss this important issue. The bar defense rule is grounded in basic fairness. Students face severe financial and emotional consequences and it is, therefore, cruel and counterproductive for the federal government to com