Year of running the electric truck maker. And why and and why a familiar face is taking the wheel. Abbas on an amazon reporting apple and amazon reporting quarterly earnings, its market cap now below 3 trillion u. S. Dollars. A lost that market cap around. The other end of the scale, amazon up 11 on an intraday basis on track for its biggest jump since november, a beat across the board. We will dive into the earnings of both companies but i want to start with apple because this is a really big change of sure. Softness for iphone in the fiscal Third Quarter gone, over new rev overall revenue beat expectations but it fell 1 yearoveryear. That makes it the third consecutive quarter that apple is seeing a year on year sales decline. You see that on the far left inside of the chart. That is the biggest run of the kleins on sales dropped since 2016 but you go back 20 years, all the way over here. If we get another year on your Quarterly Sales decline for a fourth consecutive quarter, that is
The Social Security administration, National Archives, and state department testify on post Pandemic Services backlogs before a House Oversight and accountability subcommittee. Live coverage on cspan three. 22 more visas now than at the same period during prepandemic 2019. Despite our challenges, and thanks to the hard work of our teams in the field and domestically. We are currently issuing more u. S. Passports and visas than any other time in our history. Ultimately, this is great news for the u. S. Economy, businesses, family reunifications, and people to people ties. And we plan to continue our aggressive rebuilding efforts to be able to meet the demand today and into the future while rigorously safeguarding our National Security. We are striving to build a more agile and optimize bureau of affairs to be able to serve your constituents. To do so we are investigating the ante in Human Resources we need to ensure federal coverage experience. New parents overseas can now electronicall
be open. they are lying. to people who are thinking of making the journey to our southern border. bill: this comes as a federal judge has blocked the mass release of migrants already in custody. new york post with a front page on the biden border policy it says surrender. dana: matt finn live in el paso with the latest. what is it like there today, matt? within the past couple minutes we walked right up to the edge of this border gate or wall and saw a group of a few dozen migrants, as we have seen so often, they are lined up systematically, placed on a bus for processing. the group of migrants we saw this morning appear to be all single adult men. there were no family units or women or children in that group. cbp tells me in the el paso sector it is seeing 2,000 migrants per day crossing into the united states. so far from where we re standing this morning we aren t seeing any major rush or uptick which might make sense as perhaps migrants try to make it into the u.s
Russell 2000 is the biggest decline this afternoon and all of this happening, of course, just as the fed meeting gets underway and the chairman expected to carry a hawkish tone tomorrow afternoon. We shall see as we live up to that. It does take us to our talk of the tape. These necks, critical 48 hours beginning with those amazon numbers, yet another mega cap stock with a very hard by to get over. Lets bring in our panel. Mark of evercore. Cnb secret contributor, kate rooney getting ready for that print, im going to throw a little bit of an audible, admittedly off the top, mark, im going to come to you first because we are going to talk about amazon and a second but i want to talk about alphabet right now because i just got dan loebs up third point, his ew investor letter in which he discloses a new position in alphabet. He says during the First Quarter the funds made a substantial investment in that company and, mark, i want your take on what he says was really a capitalizing on the
Officials from the Social Security administration, National Archives and state department testified about federal services backlogs due to the covid19 pandemic. Modernization efforts and staffing issues. The House Oversight and accountability subcommittee hearing is about three hours. The subcommittee on Government Operations and federal workforce will come to order and we will welcome everybody to this board hearing. Without objection the chair may declare recess at any time. I recognize myself forthe purpose of making an open statement. Before we go to the floor id like to if i can acknowledge that even formal settings like this we recognize that its important to remember we are all people. And we have families and understand that some of the people who do Business Today have been visited by some hard luck in their life with a loved one and without saying anything in particular. Perhaps many of us more than one or two are affected and its my wishes for them and their family in these