Weaker than expected u. S. Growth. Keeping an eye on Deutsche Bank as well. The lender yet to reach a settlement with the doj. Theres that, theres jamie dimons comments on banks. Jim, its good to have you back. What are you watching out west, first of all . Look, i think the dream force is a little more exciting this year than ever because theres so much consolidation or talk of consolidation. I feel like i dont have david to be able to look askance when i make suggestions on whats going to happen. Im probably more free wheeling. Hes probably more free wheeling because of the mets. As you know in your 11 00 show in the east, this is where most of the businesses are not hostage to the imf. These numbers mean nothing to the Technology Companies out here. I can still try and give you looks across the continent here, jim, if you miss it. Thank you to that shoutout to my mets, of course. Big game tomorrow with the team that resides where you are, but it will be here at citi field. You know,
Englishman in the house to discuss it. Google unveiling a new smartphone called the pixel. A number of other hardware products. We got someone who says todays announcement shows google is finally ready to take on apple. Hell explain why. Who comes up with those names . Pixel. Reminds me of the movie. Pictures from facebook, guns, sex, drugs, and facebook. Is that what you do at night we told you yesterday about facebook is this what its going to be like for two hours. Facebooks new marketplace was launched yesterday to take on the likes of ebay and craigslist. People are already selling some illicit items on the facebook site. Well tell you how the social network is responding today as we show you more and more of these photos here. And for the first time medical device maker is warning consumers about a cyber bug in one of its products. Johnson johnson said one of its insulin pumps is vulnerable to hacking. We got details. And the guy able to hack the device. This is no longer just an
John fort still at the mobile congress in barcelona. Kayla and myself at the New York Stock Exchange as the market for a second day now well see if it gets back up again. Were down 2000 points after yesterdays losses. We have been in the red pretty much all morning long. S p below 1900. Crude in the red over 2 . Well keep our eye on all of that. According to the ap apple will tell a federal judge that the fight against the fbi should be decided by congress and not in the courts. It appears the case is already not a one off decision. The doj is demanding apples help in unlocking at least nine iphones in addition to the one used in San Bernardino. He joins us to talk about that and a lot more. Jason we have not taken your temperature on this one. I imagine you have to have some striking views. Yeah, its a very complex issue and its one that we cant let the publics sentiment decide because obviously the public wants to see our country be secure. This is a complex issue. Its not a typical
Or nondecision. 59 minutes from now. But meantime, we start off with apple. That stock is more than doubled the daily volume average, 80 million shares trade sod far today. As you might expect, apple is pressuring the nasdaq. Surprising moves in the dow and s p 500 which look to be pretty resill yenlt on t yenl resili of this news. What does apple need to do to bounce back from the first revenue decline in 13 years . Lets bring in our analyst who lowered the price to 125 after 141. Jason ware, he owns 143,000 shares of apple. Gentlemen, great to you have with us. Ill start off with you, you know, it really is the Second Quarter revenue guidance that has a lot of investors concerned. And all the reasons they list behind that revenue guidance lower is theyre terrible reasons. Plan to cut inventory by 2 billion. Lower average selling prices because of that se. Overly optimistic forecast for the mac during the back to school season. Why do you stick with an overweight rating right now . We
Markets. Futures a little bit softer. 500 futures 16. In europe it was all about the banks. Syncing over 60 in the First Quarter. Switch up the board very quickly. The aussie dollar thats the headline thinking by 1. 4 . The rba surprises with a rate cut. Renewed dollar weakness. Bit. Me back just a little in a commodity market, very much risk down by 1. 2 1 . Some crude related earnings as well. Matt just going through halliburton, seeing the loss widen. Four cents. S was it reported firstquarter revenue of 4. 2 billion. Unchanged in the premarket. To 2. 4s really widened billion dollars from a loss of 643 million in the same quarter last year. Pfizer reported firstquarter earnings that blew away analyst expectations on stronger sales on products such as a Breast Cancer drug. Earnings of . 67 and we were looking for . 55. Raising its fullyear outlook. Earningssee aig mr. Expectations missed earnings expectations. Mylan up on generic drugs. Starwood also beating estimates in the premark