Billion here in stimulus. Pedal to the metal. Jolte u. S. , we have the job openings coming out at 10 00 and Consumer Credit at 3 00. Those are secondary reads on what is happening. Yum brands, the owner of talk about the pizza hut dont they do a lot of china . You wonder, can they get to the restaurant given a protest in hong kong . Two thirds of yum brands sales occur outside the u. S. , much of which is Kentucky Fried Chicken in china. They open a kentucky fried one every day in china. It is an amazing amount of chicken. At how much we talk about chicken in china. That is because of the burj khalifa. Samsung earnings cannot on lower, down 66 galaxy smartphone sales. This is the head of the iphone 6. Treasury secretary le speaking 8 45. Economyw about president obama in new york for a fundraiser, stay out of midtown midafternoon. Dont go shopping at where do you go, bergdorfs . What makes you think i have time to go shopping . Because were a very early. President obama goes out with
Pretty tight supply. Weeble have fabers inclusive interview, and another upgrade for netflix, this time its ubs. Were going to walk you through that call. First up apple preorders are surging. They received almost 1 million orders on friday according to slice intelligence. No comment on they numbers from a third party. This took one day. Look basically a sight unseen fabulous ads, and i think what this says is long run, because if theres a million early adopters without even people just figuring how to sync, i would say this is not a 2016 phenomenon. By that time everyone will know you have to have this as a device. You know what . People under 25 carl theyve never had this device. Suddenly theyre going to wear it because its part of their ecosystem. Those of us older who have a watch, were trying to figure it out. Younger people have figured it out. They need it. Piper jaffray, everyone is trying to do their work. B of a is a little higher than that. Even if they sell eighth year is a
He says the q1 data was, quote, notably weak. The march picture march jobs numbers brought the jobs picture, quote, down to earth. Now, he does talk about this issue, was it partially explained by trance tore factors, we dont know yet but lower gas prices havent as expected boosted consumer spending. He says net exports are down as a result of the strong dollar and manufacturing has softened considerably. He does see growth picking up in later quarters but he says the evidence of that is not yet in the numbers. I guess ill throw back to tyler or mandy right now but this is a bit of a change in my opinion from a guy who was talking pretty confidently about june to september now saying you know what we need to wait and see a little bit. Steve, thank you very much. Mandy and i are both here by the way, welcome everybody to power lunch. Lets go down to dom and see if theres Market Reaction from these remarks. Youre not seeing a whole bunch of reaction but the dow industrials still here off
Low. Our road map with stock futures in the red. Exxon and conocophillips moving some of those stocks. Sales force surging on the news it hired advisors to look at takeover offers. More of the apple watch dlis. A defective component to blame. Apple announcing another partnership with ibm. Well get to that in a minute. First up a lot for investors to digest on this final trading day of april. Consumer spending up 0. 4 last month. Claims down last week by 34,000 to 262,000. Thats a 15year low. Employment costs up 0. 7 . On the earnings front, exxonmobil did top estimates despite a 46 drop in First Quarter profit. Exxon revenue, i love these figures. Last year 106 billion. This quarter, 67 billion. You have to understand exxon had good production growth. People say no one got hurt buying the stock of exxon. This is why. Because exxon really hasnt done anything during this period. When oil was flying exxon did good not great. Oil goes down, exxon shows you the breadth of its products and w
Public safety, and one that invests in our citys infrastructure at unprecedented levels. And it is a budget that significantly grows our citys reserves. This budget is being delivered as San Franciscos economy is recovering, going, and moving in the right direction. And san franciscans are getting back to work. In fact, our Unemployment Rate has dropped, as you all know, from 9. 5 in january of 2011 to an astounding 5. 4 just last month. applause i know, i know it has it has not been easy. Weve had to work hard with our Health Services system, our care our health care providers, and labor to reduce Employee Health care costs. And because of our collaboration, we will now save 52 million over the next two years. And weve made tough but necessary choices on everything from escalating pension costs to reforming our unfair job punishing business tax. Weve injected a healthy dose of fiscal discipline with twoyear budgeting, fiveyear financial planning, and a 10year capital plan to get to us