Apple beat on the bottom and top. Iphone revenue, the street was looking for closer to 29 million. And mac and ipad beating expectations i talked with ceo cook about that the decision not to offer a q1 forecast saying the pandemic is causing too much uncertainty right now. Saying naturally naturally, iphone, saying they are not seeing the benefit of sales like last year telling us we have a number of tail winds we launched four new models. 5g is a onceinalifetime opportunity. We have a large and loyal base to sell into and in the United States there are aggressive carrier promotions initial data points, cook said, are quite good he talked to us about the stores the vast majority of 500 stores are open, but in different ways. Some as usual, some by appointment only cook said the call is just starting now. I will bring the headlines as they come. Thanks, josh. Guy, no guidance for what should be its strongest quarter of the year what do you make of that it leaves you in suspension suspen
Gap, all falling very hard as you can see there. Well go shopping for opportunity in that Retail Sector later on, buy gold now thats the message from one top wall street firm we will debate if there is any shine left in that big trade we start first with breaking news out of disney the stock is moving lower in the after hours session as the Company Announces some very, very major job cuts. Lets get to our own Julia Boorstin with the details. These are tens of thousands. Thats right. Disney is laying off 28,000 domestic employees, hourly, sal rye e aried and executive roles. In light of the prolonged impact of covid19 on our business, including limited capacity due to physical distancing requirements and the continued uncertainty regarding the duration of the pandemic exacerbated in california by the states unwillingness to lift restrictions that would allow disneyland to reopen, we have made the difficult decision to begin the process of reducing our workforce at our parks, experiences
Local economies continue to reopen across the nation and the Consumer Staples etf has risen more than 10 off march lows, but there might be only a handful of names within it that have all the ingredients for a continued run higher the chart master, carter worth, has been in the kitchen, tinkering with the secret sauce based on the one stock, carter, have you been crafting something for us exactly, how clever crafty and clever. Before we look at a couple charts, this has been a disaster of a stock what we know is it peaked almost four years ago at basically 98, and bottomed this year at 20. Youre talking about a 79 decline. Its not loved only two analysts consider it a buy, yet two people hold almost 50 of the stock, warren buffett, of course, and 3g global but anyway, a few charts so here is the first chart and what we see is that it has all the characteristics of a bottoming out formation. A bearish to bullish reversal. You can see the 150day moving average starting to flatten and ris
Industrial average ended the day on the down side on its lows maybe not the best sign for tomorrow welcome, everybody im Brian Sullivan i have a full show for you as always, guy adami, tim seymour, dan nathan and Karen Finerman are your Investment Team today great to see everybody still social distancing here lets just right into this, guy adami, because it looked like we would carry through mondays momentum we did not do you have anything you can put your finger on to say this is why we rolled over yeah. Pretty much everything weve been talking about for the last two weeks and im not trying to be a wise guy here, but since that low we made a few weeks ago and as it became somewhat clear the bounce was in play, weve been saying for quite some time that the logical level for this thing to bounce was 2790 or so in the s p 500 and we came with a little more than a percent of that in terms of what it did today, again, im not trying to be funny here, but it didnt surprise us all that much b
Fade it. Todays foul version. Are they worth a bite . Do they past the smell test . Are they past their Expiration Date . We could keep going. Only got an hour. On the desk tonight, tim se seymour, steve grasso, guy adami. The do you ending the day up 288 points. After the blue chip index started the day down nearly a percent. S p seeing its best day since august surging more than 1. 5 . The strength coming despite a bigger than expected jump in payrolls for september. The economy added 336,000 jobs l. A. Month. That strength initially sparked fears the fed could raise rates at the meeting. But take a look at the groups leading todays rally. Technology, communication services, sectors that dont usually thrive in a high interest environment did well today. Why are investors flocking back to these names . What was the jobs report all about . Good news was bad news and then good news was good news. If you look at the payrolls, weve averaged 2,626,000 jobs over the past three months. Lets