New york stock exchange. The u. S. china trade war taking a bite out of apple, now on pace for the worst day in over a week as the white houses 15 tariff on a new batch of goods goes into effect over the weekend obviously, a big story for the markets. Apple products expected to be hit this time around include the apple watch, air pods, the home pod, imax, and some beat headphones for more on where the stock may go from here, were joined by an apple bear, Pierre Ferragu has a sell on the stock, a 170 target. Also with us, apple bull, daniel flax, whose target is, daniel . Carl, i cant give you a specific target, but what i can say is that while the nearterm environment certainly remains sluggish with iphone and clearly theres a risk in terms of higher prices from tariffs impacting demand, we see a lot that we like over the medium term and i say that because the iphone install base is continuing to grow the company has opportunities to show additional growth with Newer Services like tv a
Market but bond market and this inversion of the yield curve. We can talk about what youre seeing, what people are telling you. The bottom line, if history is a judge this could mean recession is on the way. Reporter makes people so anxious, connell. Yields on two year treasurys rising above the yield on a 10year. First time since 2007. That date alone spook as lot of investors. The yield curve on shorter end, now as people call it inverted. The reason it makes so many people anxious, that means investors have less confident in the near term economy versus the long term economy. Normally if you loan money in this case to the government for a short period of time, you expect your principle plus a small payment, youre not loaning money for that long. If you lend money longer you expect a bigger pay back. That is the normal logic of the bond market. You get paid more for lending longer. When this pattern reverses like now, it signals a shift in the pattern, signals a problem for a lot of
Leadership of the city of baltimore. The president says his office is being inundated by baltimore citizens thanking him for exposing their citys corruption. I think im helping myself because im pointing out the tremendous corruption thats taking place in baltimore and other democratic. Run cities. All you to do is look at the past mayors in baltimore, see what happened. I think im helping myself. And i tell you what, the white house and myself in letters, email and phone calls have received more phone calls than i the on any other subject of people from baltimore and other cities corruptly run by democrats thanking me for getting involved. Those people are living in hell in baltimore. Theyre largely africanamerican, you have a large africanamerican population and they really appreciate what tham what im dd they let me know it. Lou how tough is the situation in baltimore . For example, well be taking up owe examples here tonight. Baltimore has the highest murder rate among all major am
We are looking for disney plus competition about how youre going to turn it around well speak exclusively with tom to launch in november. Well, i think were focussed back to you. Julia, thanks donahue about the impact of the on what we can do to make our new round of tariffs on american uber and lyft set to report next airline better every day and continue to execute well for the week leslie picker with a pick for companies. Very powerful business lobby group. Joining us for the how is longterm. Us. Reporter both trading well we are competitively better below the ipo prices michael from ubs with us for the top of the show can Second Quarter earnings give is steve grasso. Equipped to serve hawaii because them the boost they need of our fleet and our products wall street expects both companies to continue posting losses if you remember last quarter and our Great Customer service the search for yield seems to be and cost structure than any they reported each had quarterly other carrier. D
30 Rockefeller Plaza in new york, its late night with seth meyers. Tonight milo ventimiglia, from this changes everything, actress and producer geena davis, music from ex hex, featuring the 8g band with julian dorio. [ cheers and applause ladies and gentlemen, seth meyers. [ cheers and applause seth good evening, im seth meyers, and this is late night. Wed like to begin tonight by saying a few words about the horrific Mass Shootings in dayton and el paso this was a heartbreaking weekend of unspeakable tragedy, and yet, one that disturbingly feels all too familiar of course, as we all know by now, theres an epidemic of gun violence and Mass Shootings in this country, and no matter how difficult, we cannot become numb to it, but its also not just about guns the shooting in el paso was an act of white supremacist domestic terrorism specifically targeting hispanics. Its a threat that is growing and real these are facts we must look squarely in the eye, no matter how monstrous. This spread