The backdrop, the strong economy, that is leading to a surge in travel, period, but tax reform doesnt go through then what . Lets go to scat martin who has been crunching numbers on the then what possibilities, what happens then, scott . Neil, i think we see a pullback and i think we see a pullback and a surely equity prices, anticipation of tax reform, Regulatory Reform to some degree we have seen and equity prices have responded positively and youre also going to see pullback in consumer spending. The nice thing Going Forward for us is the following, 401 k balances are on record, great year that makes you confident and probably more confident in your job than a year or two ago, thats likely going to make you take out the wallet as you go to holiday spend, without fax reform, that momentum likely doesnt continue. Neil a couple of different reads on this. Youre probably taking them all in. Morgan stanley saying, you know, to a point we have been debating, be careful what you wish for b
We begin this morning with a look at todays eye opener. Your world in 90 seconds. These flames are brutal. Gusting winds just fuelling those flames. The prospects for containment are not good. A deadly wildfire rages through Southern California. Nerve wracking to see a fire up on the canyon heading your way. The president s legal team scoffing at the idea that Robert Mueller is building a case for obstruction of justice. Its certainly evidence that goes to obstruction of justice. I believe the president is no more above the law than any other american. John conyers is expected to announce that he will not be speaking reelection. Does he face Sexual Misconduct allegations . Alabama Senate Candidate roy moore now has the backing as President Trump. The president told him he would be with him 100 and to go get them. Whiteout conditions in parts of dakota. A win for pittsburgh and it is good. Bozwell. And all that matters. Billy bush isnt backing down from his criticism of President Trumps
Hurricane. This morning, hes in florida following hundreds of thousands of Puerto Ricans who have gone to the u. S. Mainland to rebuild their lives. We begin this morning with a look at todays eye opener, your world in 90 seconds. These flames are brutal. Gusting winds just fueling those flames. The prospects for containment are not good. Wildfire rages through Southern California. Nerveracking to see a fire up on the canyon heading your way. Scoffing at the idea that Robert Mueller is building a case for obstruction of justice. President trump has seemed to confirm he knew Michael Flynn had lied to the fbi. Its certainly evidence that goes to obstruction of justice and i believe the president is no more above the law than any other american. Congressman john conyers is expected to announce that he will not be seeking reelection, as he faces Sexual Misconduct allegations. Its up to the people of alabama now. Alabama Senate Candidate roy moore now with the backing of President Trump as
Blockchain is shaking things up at oldschool giants. Inis now creating new life the stalwarts like ibm and oracle. Betty david, bitcoin was up, apple down, right . You saw some of that in asia yesterday, the apple suppliers getting hit on speculation about the numbers coming in far short of forecasts, in fact to 10 million shorter than what some analysts had predicted. I want to pull up a chart that you are familiar with. This is a 254. It shows you the Revenue Breakdown 8254. It shows you the Revenue Breakdown by segment and shows you how important the iphone revenue is to apple, but that decline we have seen a bit worrisome. This replenishment cycle really going to turn out to be the way apple believes it will be with the iphone x come or is 1000 the breaking point . David that is a lot of money for a handset. Betty yeah. David you look at these numbers and forecasts, you mentioned 10 million short. Coming out, may be shipping 35 million handsets in the First Quarter, still a big num
Good monday morning, welcome to squawk alley. Im Carl Quintanilla with mike santoli, Morgan Brennan here at post 9 of the New York Stock Exchange john fortt in San Francisco. In a minute hes going to bring us a cnbc exclusive with amds lisa su. You cannot miss that in the meantime, apple feeling pressure from investors. Urging the iphone maker to tackle smartphone addiction and overuse by children. They write the potential longterm consequences need to be factored in at the outset and no company can outsource that responsibility joining us at post 9 this morning, Elevation Partners cofounder Roger Mcnamee and scott galloway, professor at the stern school of business happy monday good to see you both what an interesting turn this is, roger. What responsibility does apple have to how my kids might use a phone . Quite honestly, they have a lot. The culture of Silicon Valley has been about disruption for so long that people have forgotten there are consequences to disruption, and at the sc