Announce the launch of its 5g. Power lunch starts right now tyler, thanks lets look at shares of apple. Remember, they were up 6 yesterday. They were down about 1 as the iphone event began last hour they are now down 3. 5 so you really took a turn lower in the last few minutes there. Josh lipton is standing by as the event continues. Josh the event did begin here. Four new models so far introduced so apple is saying the latest and greatest technology, billing it as the smallest, thinnest, lightest 5g phone in the world, thats at starts at 699 and then the next model will start at 799. Then there are those that want the most Cutting Edge Technology for them apple offers the iphon 12 probe and iphone probe max. Theyre powered by 814 bionic chip that should mean a real boost in performance. New camera system in these phones thats very important to consumers. New Wireless Charging system as well it not just iphones either they also did announce a smaller, less expensive version of their ho
I got some sleep you didnt miss much this last week. Kind of Nothing Happened not really actually. What week so much happened. What week are we in its going to be 52 for 52 at the end of 2020 in terms of crazy weeks. Thats true. S p was almost closing at a high im faking now like you. Im not in new york city do you like my backdrop . What do you think of it . Thats what im saying. You look great you look great you look fabulous. Okay. Is this are you old enough to remember huntly and brinkley what are we . What are we trying to pass our self off as here what do you think . Chancellor and tv people were probably trying all right who knows who knows. Let me tell everybody about the craziness of what happened in yesterdays market because the swings were wild stocks were up, as joe was mentioni mentioning, we flirted with the height of it most of the day but then turned late lower late we closed lower later in the day. At one point we should tell you the s p 500 was within 1 2 a percent fr
Of the s p 500 that is one of many questions. Power lunch has the answers, right now. Yes, we do, tyler thanks ceos are starting to sounds the alarm about the economic recovery and the path forward. Lets get to bob pisani for the details on that. Bob . Kelly, we were hopeful we would get more Earnings Guidance 40 said no guidance, were sort of hearing for the Second Quarter and into the third quarter, so ibm yesterday a good example of that. He said maybe we were a bit optimistic uncertainly makes us unwilling to provide guidance. Theres other issues, too, the ceo of capital one has made the stimulus has made it different i dont think we have a rigorous measure of how many current borrowers are unemployed i think its reflective of america and there are different degrees of unemployment right now. Thats tough ive seen some positive comments as well. Nasdaq had very big stock volume, ameritrade did as well theres been a lot of ipo activity recently. We have he Anita Friedman on, the chai
Worst day in a couple weeks. The nasdaq snapping an eightday winning streak if we close where we are today bob pisani now has more on the markets. Bob . Very tricky moment here, tyler, right near the 200day moving average technology has the leader whats the problem theres a number of issues the coronavirus story is the most important its not going well. We have infection just outbreaks, some threats from Governor Cuomo to close things down, tariff tensions are still out there. That moved the markets prior to the open valuations are still high. Energy stocks up and then down same with the banks here 12 to 16 honeywell, and then all way back down again. See how similar the stocks are, the inverted vs, and now theyre breaking down a bit more mcdorchlds 180 to 200 theres that v we have to figure out a way back to you theres the dow now, the tristate area closing off borders from visitors out of state. With no plans there to halt reopening. Meg tirrell has the latest details for us meg . Hi
We are down across the board these would be losses for the week that will end four weeks of gain weve seen up to this point. Does this count as the first week of 2020, even though it is only two days . We could look at the fiveday thing and if it is up, we could say that is the first week this is up as we see crude oil prices jumping we see that wti is up 4. 1 the gain to 63. 72 a barrel ice brent up by 4. 3 Natural Gas Prices up. Crude is the real focus as tensions are on the rise in the middle east. The market is up 30 from last year that is a place for people to look this year as for gains. We are moving crude from 60. We are not moving from 62 but based on the tensions rising you think about the heighten tensions and what this will mean for the potential repercussions in the middle east the idea of additional strikes of any ships going through the straits of hormuz, people will be watching that closely theyve been blessing with the Oil Production for months. We always look forward