Chips made by their own engineers. Apple integrating hardware and software together is what makes our bankrupt so great. Having a world dallas silicon design team is a game changer. For apple, analysts say the transition should be a significant benefitbecause it gives the company that much more control over its hardware and it should translate to improved performance and performance. There is a broader insurgency because there are rivalries. Josh, that is a great set up today to bring in our next guest. Talking about apple, google ad revenue, good morning, dick, good to sue yee you how are you . Good, how are you good. Apple, it is amazing we didnt get any grand announcements, but the platform gets more vertical and stickier and i guess that is leading to the alltime highs. What do you think . Yeah, the hardware news was surprising to me i think it is worse news for intel than it is good news for apple. It was just surprising when people are trying to focus more on their Core Competenc
Take a look at some of the individual nasdaq winners year to date. Align technology, taketwo interactive, vertex, wynn resorts, micron. You stick with whats working. For most of those names, yes. They show growth if they can continue to show that growth absolutely most of these names fundamentally, when you look at, for instance, micron, i dont know whether or not its certainly a buy or not today, this moment, but when you look at this after it broke through 32. 5 it went straight up towards 50 i mean almost every single day yet when you look at the valuation and the Growth Prospects of this company, theyre still very, very compelling so i think there are plenty of opportunities out there, even in some of these names. Now, wynn, i love that name, absolutely love that name. And you love steve wynn. I sure do, you know why, because he led the way he was buying his own stock at 53 all the way up to 100 but can it hold up at these valuations at 170 a share im not so sure. Well talk to the
Creeping back into this market lately, as attention remains squarely on the potential for tax reform, on lower oil prices, and on the health of the economy. When all was said and done, the dow jones industri dropd another 138 points, closed at 23,271, its lowest level in three weeks, by the way. The nasdaq was off by 31. And the s p 500 fell 14, but it does still remain just 1 from its most recent high. And tax reform is indeed a big deal for the markets and investors. This afternoon senator johnson became the first republican to say that he will vote against the Senate Tax Plan because he thinks it unfairly benefits corporations more than other types of businesses. The senate can lose only two votes and still pass the proposal. But as ylan mui reports, there are a lot of changes being made, including one that could make your tax cut tempo. Reporter the senate adding two bombshells to its tax plan. Getting rid of the individual mandate for health care, and making the tax cuts for house
See a significant selloff somewhere down the pike. Bank beats biggest estimate. Francine lacqua speaks to our guests shortly. Are less than half an hour away from the european open. Take a look at european futures indicating a strong open after a week or session. The ftse was down yesterday. Sending u. S. Stocks up to my asian stocks following through and european stocks will do the same. Talk about what is on the g a man. That is one of the big stories. The dollar setting the trend for pretty much anything. U. S. Equities had a solid day. Up by. 7 of one percent. Its being set. Two things to watch out for, what happens to the peso as we work away through the day. The other thing to watch out for is what happens to the lira. Many people think it got off lightly. It was a risk on kind of session. It did not get hit as hard as it may down the road. We will watch that very closely. Heres the bloomberg first word news with juliette saly. Trumpte president donald plans to unveil actions on
John forte and myself at post 9 and joining us from out west former twitter ceo. Its good to have you back this morning. As we said first up apples big event kicks off at 1 00 p. M. Eastern. Its expected to be about the iphone and kayla is going to cover that and is going to raise the curtain on it. Good morning. Good morning carl. We got a tweet just a few moments ago from apples ceo tim cook saying the sun is coming up in San Francisco and we are ready for a big day. A big day indeed could be ahead for the iphone. For a lot of apples hardware and its product lineup and here is what is telegraphed and what we think we know so far about what could be announced today. First some new colors. Double the memory. A better camera which reportedly has 800 people working on it and then on the other side outside of the iphone, perhaps we get a refresh of the mac book. Of the ipad. Siri could get an update. More visual messages. Well have to wait and see. This update has been described by wall s