15month low. Australia cutting rates, auto sales on the way. Roadmap begins with tim cook. He joined jim on mad money last night covered everything from innovation to china to revenue to the companys value. Global data driving futures. Well tell you what to expect on wall street today. And shares of aig down in the premarket after earnings. Peter hancock will join us live. First up, tim cook defending app apples latest results and the stock mired in a slump. He was on with mad money last night. If you talk about macroheadwinds, difficult compares dominant. Yeah. Currency, no new iteration yet. If youre going to be opportunistic wouldnt you say let all the hedge funds blow it out and then well make a statement . Well, opportunistic to me means you buy it when you think the companys undervalued. We believe the companys undervalued. All right. I got to get your thoughts on what he said and whether it changed your view in any way, whether it should change other peoples views. I think if yo
Northwest back out here in the northwest the winds arent calming down just yet. Were seeing a lot of trash and debris being blown around but coming up at 6 pm where the strong winds of the biggest problems for people. Live in the northwest Lesley Marin Jimmy Seely director, lee canyon ski resort inwhen we were actually walking up here Stephanie Tien skier inyes, it was pretty cloudy this morning outso its pretty nice stay with action news for continuing coverage on this well make sure you have the latest onair. Online. And with our allnew ktnv mobile app. Including updates on tonights hard freeze warning. Right now. Iowans are casting the first votes in the nominating process for president of the united states. Caucus voting opened just minutes ago after weeks of and 60thousand television ads. Senator Bernie Sanders and Hillary Clinton go into the caucus in a dead heat in the polls. On the republican side. The new Quinnipiac University poll out today showed donald trump widening his le
My reaction was, if theyre that worried about it we should be that worried about it as well. I think focusing on the border is something thats very important. I think the economy i really do think that we need to have an immigration policy that understands and complements that promotes our commerce within the United States. We need to understand that immigrants are a very important part of our work force. I think that Legal Immigration can improve our economy can improve productivity, can result in increased jobs which will make Jobs Available for me citizens here in this country. I think there needs to be more of a focus immigration policy should be more focused on our economy, driven by our economic needs. We should have visas for skilled workers. We need in todays economy and todays security situation i think those are the two drivers of what our economic what our immigration policy should be going forward. What about a socalled pathway to citizenship . Well, i think pathway to citi
United states. And a survey by a global watchdog suggest chinas Public Sector has become more corrupt. Safety concerns about takata air bags are prompting a series of recalls in japan. Toyota motor added 185,000 more cars to its recall list. This brings the total number of vehicles auto makers are calling back in the country to 2. 8 million. It involves 19 types of cars in 2002 and 2003. The firm says it will replace the air bags free of charge. Officials say no one was injured, but they do not know why the air bag malfunctioned. Toyota added cars equipped with the same type of airing bags as a precaution. Toyota executives say parts are in short supply due to massive recalls. They say replacements are unavailable and engineers will temporarily disable the air bags. Toy at that and other auto makers may have to deal if regulators in the u. S. Expand measures to this has resulted in recall of 8 million in the u. S. The recall has been expanded nationwide. Takata executives said that war
Good morning. Im Erik Schatzker. Im stephanie ruhle. Did you watch the world series . I did, but not much. I am part of the problem. Morningsart this show with a bulletin. The top stories in business and finance from around the world. The u. S. Economy has not grown this fast and more than a decade. Gdp expanded at an annual rate of 3. 5 in the Third Quarter, more than economists had forecast. It grew at a 4. 6 rate in the second quarter. Combined, the two strongest back to since 2003. Household spending slowed down a bit. Cook says he is proud to be gay. He has an editorial in a new of Bloomberg Businessweek. He writes that he has always tried to maintain a level of privacy. That has held him back from doing something more important. Here at Bloomberg Businessweek he ultimately decided it is more important for him to step out and represent within the world and say im gay and proud. Pick up a copy of Bloomberg Businessweek or go to the website to read the entire essay by tim cook. Appl