Hour of trade, barry knapp back. Certainly the tone feels better. Do you think its fundamental with the trade tensions or some month end rebalancing stuff . I suspect theres a bit of month end rebalancing going on i think its too early to tell whether the Macro Economic fallout from the latest negative Business Confidence shock has what degree of effect its had next weeks ism on tuesday, payrolls on friday, will be much more important bempl marks to see whether were over the hump sort to speak on this i tend to be cautious and not chase the move today. On the big stories that we are watching today, kayla has the story. Josh lipton is tracking tariff concerns for apple kayla . The hope began when chinese officials said there was some Effective Communication of the two countries and it continued this morning when President Trump said in a radio interview theres a conversation scheduled today. I have talked scheduled theres a talk scheduled for today at a different level and yeah, they ha
Congress. We are getting fox business Edward Lawrence in front of the camera to give us the up to the second news on president bidens latest comments on israel and whats happening with the hostages. If you see this 87point loss on the dow, turn your attention to the nasdaq. The loss is much bigger, down 308 points, 32. 33 . Thats investors 2. 33 . Alphabet plummets 9 plus percent right now, the stock on pace to lose more than 162 billion in market cap which would mark its largest oneday loss in value ever. This is all about weak cloud results in the parent of googles Earnings Report which came out after the bell last night. The stock is really acting like a dark cloud over the nasdaq. If the composite does close down 217 points, 6 points or more and, of course, yeah, we are definitely below that here, down 314 points, that will mean the nasdaq has officially entered a correction. Correction, of course, defined as a decline of 10 from the recent high. We will be talking about that. Inte
Sentiment. Weak pc demand sending revenue down 5 . But they buck the trend. The turn around strategy pays off as it defies a slow down in china by targeting the high end of the market. Welcome everyone to the show. Shares in apple fell in after hours trade after investors ignore the quarter. They focus on weaker than expected forecasts for revenue in the Fourth Quarter and there were some other reasons they turned sour on the stock. Iphone sales came in at 31 billion with shipments 3 billion below estimates. They also bundled other devices. The tech giant would only say june sales were higher than april or may but the lack of detail left some analysts speculating over the success of the newest gadget. The Earnings Report is also weighing on tech stocks here in europe. Investors are also shrugging off a 32 rise in Second Quarter profits from chip designer arm despite earnings being broadly in mind with expectations. Simon cigar spoke to cnbc earlier about a possible apple takeover. Ther
[inaudible conversations] good morning and welcome to the Hudson Institute. I am tim weinstein, president and ceo and im delighted to welcome everyone here this morning. Today as they think everyone in this room knows kicks off a very critical week for the u. S. India relationship. As Prime Minister modi is here in washington for a first meeting with President Trump. Here at Hudson Institute, we are delighted to host a special event hosted on the future of the u. S. India commercial partnership and we are also grateful to our friends at cspan for covering this event live. U. S. India bilateral trade has an estimated 11,420,000,000,000, less than one fifth of the u. S. China 640 billion bilateral trade relationship. India is americas ninth largest supplier of foreign goods and 18th largest export market. The worlds first in the worlds six largest economies respectively, we are hesitant to believe there is significant room for growth. The u. S. India relationship is an important one here
Ftse 100, italy, spain, all up. Looking at crude. Wti sitting at 50. 91. Lets get to that microsoft story. It is the top corporate story. Shares of the tech giant popping on better than expected quarterly results. The big driver, the cloud. The shares of the microsoft product doubling in the most recent quarter. The stock hitting an alltime high in afterhours trading breaking through a level hit at the peak of the tech bubble back in 1999. Its going to close in on a half trillion dollars again. Its great day to have ballmer on. He took a lot of flack for not turning it into something it wasnt. In hindsight, now that we have the benefit of hindsight, he kept that thing moving along. Increasing revenue. Maybe the share price didnt go all the way back. Got pretty rich himself. How much does he have left . I expect him well have him for an hour. I expect him to be in a really good mood today. Because of the stock price. Very few of us get like 4 billion richer on wake up in the morning. I