S p and the dow look to make some history again today crypto again as we said in the cross hairs getting blasted from all sides and a surprise for snap were going to tell you what has that stock moving higher this morning. Stocks are aiming to make some history again dow and the s p on track to set some new alltime interday records. A day after posting record closes including the dow finishing above 27,000 for the first time, jim. As, again, powell was the name of the game. Yeah. Look, powell is giving you what you want if youre a bull. There were some great lines where you said, look, remember what my job is my job is if we have an expansion, keep it going and that is so bullish because what hes saying is we have an expansion. It may be slowing. Weve got to keep it going so we have to do some cutting. The part of the game with 25 versus 50 is a setup the bears are saying we need 50 so that the stock market does not run down theyre not going to get 50. Im disappointed i think what powe
And the yen finds its footing. Im melissa lee here with you tonight. We start with a human move last night on appear 8 after the tech titan announced a monster buyback, the largest in history across all companies. Apple is no strange tore giant repurposes, reducing share count over the last year buying nearly 85 billion worth of stock. Yesterdays announcement brings the total to nearly 700 billion. Is not all just a bit of Financial Engineering. After all, overshadowed, it was a 4 drop in overall sales with iphone revenues down 10 from a year ago. Thats the largest decline since the pandemic. Other products, like the watch, airpods saw sales down. Tim cook said he feels good about the businesses in china. Recent. Reporter has suggested that apple is in fact losing share in that region. Is apple using the buyback as distraction to get the investors to look away . Did we just buy that today in terms of the stock popping today . No, its not a distraction like tesla. Apple should get the b
Us, charles payne. Charles ill grab that baton. Thank you very much. Good afternoon, everyone, im charles payne. This is making money. Stocksal i thinking on a weaker than expected jobs report. Investors can sort of ignore the earnings season which, in my mind, has been something of a bust. But heres the thing, the buy on dips crowd can has been licking their chops. Were starting to make the move, but people are looking beyond just the normal suspects. Well investigate opportunities outside of tech. Also again with that big jobs number coming in below consensus, where does this put the Federal Reserve . Jay powell hinted over and over again that the rate cut could come when we get a jobs report, and what does this mean for main street . This is not great news for main street. Yet tim cook, i said i thought he needed more than just a buyback program. Little did i know he was going to unleash a historic buyback program, 110 billion. Ill ask dan flacks, what about the rest are of the repo
More and more analysts are becoming believers with these levels, should you join them . Well trade that stock coming up. We begin with two big tech topics steve kovac covering Apple Earnings and ayeamon javers in washington we have a historic case wrapping up steve, lets start with you. Reporter yeah, leslie, we have Apple Earnings coming at 4 30 p. M. Eastern. The real, top thing were looking at here is what does it look like over there in china . Were expecting overall revenue to be down about more than 4. 5 . A large part of that is because of these stung lruggles weve sn apple go through in china. Sales for iphones down 13 in the september quarter, and since then, loads of data showing iphone sales have been down as much as 19 . We see other rivals like huawei grow significantly huge competition there by the way, a lot of that data has caused some analysts to trim their estimates for the june quarter in addition to this disappointment theyre expecting in the Current Quarter the que
Closing alley, you could call it im thinking about the lyrics in the song, g4 pilots on a firstname basis did you catch any of that . I did, dont ask me to explain it joining us this morning, raul sudd, ceo and founder of unicorn and ed lee, managing editor of recode welcome to both of you on this first trading day of the year, we asked you both to come with your 2018 tech predictions, from deals, ipos, and, yes, bitcoin and cryptocurrencies lets start with you you have some predictions in media. Media, tech and media thats my favorite topic, because i feel like tech has been sort of dipping their toes in the media water for years media, by the way, they see this threat coming for a long time and they are acting much more quickly and decisively, more dramatically with the tieups. You have at t and time warner, disney and fox whats coming next . Heres the thing, i think the next big step is for amazon in particular and possibly facebook and apple to take a deeper look at, you know what,