Again. Im Brian Sullivan power lunch tees off right now. And welcome to power lunch. Im melissa lee. The major average giving up gains. Dow and s p, russell 2,000 small caps did soar to record highs but now looking at losses across the board. The dow managing to hold on to ever so small gains. Commodities are crushing it and oil at threeyear high and copper and gold soar the dollar at a low. Saying a weaker dollar is good for u. S. Trade transports getting slammed led by united. The airline down 11 on pace for the worst day in four months on fears about a price war. Got much more on this coming up. Michelle. Thank you. Im Michelle Caruso cabrero live in switzerland where the trump tax cut and the surging and Global Economy are front and center well talk taxes, trade and whether davos is ready for President Trump to arrive on friday and michelle, on this multicon innocent, over the next couple of hours you will meet four managers who are the sole of consistency. That is why they have be
Rocketed higher. We begin tonight with earnings from apple. The worlds most valuable company and most widely held stock and mutual funds reported the slowest pace of growth for iphones since they were introduced. The dow component is forecasting revenue in the Current Quarter will decline at the steepest rate in 15 years. Apple earned 3. 28 for the quarter. Revenue increased from a year ago but came in below expectations. As for the shares, they were initially lower after the report. Josh lipton spoke with tim cook a short time ago and has the key take away from the report. The big number to watch in apples latest earnings report, 53 billion. That was the high end that apple gav gave. I spoke to the ceo about the quarter, he said the march quarter will be the toughest compare of the year. He said the iphone franchise is solid and 60 of the installed base on the older models implying a lot of potential upgrade head room. A will the of great things happening in a turbulent environment. I
We begin tonight with earnings from apple. The worlds most valuable company and most widely held stock and mutual funds reported the slowest pace of growth for iphones since they were introduced. The dow component is forecasting revenue in the Current Quarter will decline at the steepest rate in 15 years. Apple earned 3. 28 for the quarter. Revenue increased from a year ago but came in below expectations. As for the shares, they were initially lower after the report. Josh lipton spoke with tim cook a short time ago and has the key take away from the report. The big number to watch in apples latest earnings report, 53 billion. That was the high end that apple gav gave. I spoke to the ceo about the quarter, he said the march quarter will be the toughest compare of the year. He said the iphone franchise is solid and 60 of the installed base on the older models implying a lot of potential upgrade head room. A will the of great things happening in a turbulent environment. Im josh lipton. Wh
Rocketed higher. We begin tonight with earnings from apple. The worlds most valuable company and most widely held stock and mutual funds reported the slowest pace of growth for iphones since they were introduced. The dow component is forecasting revenue in the Current Quarter will decline at the steepest rate in 15 years. Apple earned 3. 28 for the quarter. Revenue increased from a year ago but came in below expectations. As for the shares, they were initially lower after the report. Josh lipton spoke with tim cook a short time ago and has the key take away from the report. The big number to watch in apples latest earnings report, 53 billion. That was the high end that apple gav gave. I spoke to the ceo about the quarter, he said the march quarter will be the toughest compare of the year. He said the iphone franchise is solid and 60 of the installed base on the older models implying a lot of potential upgrade head room. A will the of great things happening in a turbulent environment. I
Theyll tell us what they expect for 2014 and how their position now higher right now by 14 points. Reports that the has decide odd a 50 billion euro a month Bond Buying Program for at least a year. Those reports come ahead of tomorrow mornings ecb meeting. Were also watching microsoft. Today is a make or break moment for the tech giant. Right now its unveiling its next generation of windows software. Stocks move quickly at the open. Its europe. Its oil. Its chooip. Three sect or that is are moving today. Let me show you germany which by my eyeballs closed at an historic high. Theres been talk that the ecb might announce a program. 50 billion euros a month. 50 billion euro ones on its qe program. Some people think its not enough. Others say its a start. Germany moved up on that news earlier on than down. Then slowly drifted up. Its closing at a historic high. Elsewhere, oil has stabilized around 45 to 48 in the last week and a half. Thats very important because that means stability in t