Lipton with the details. Josh so melissa, apple of course already designs processors for iphones, ipads and watches now it is the macs turn apple has reportedly planned to announce later this month that it is switching from intel chips on its Mac Computers instead, macs will have an arm based chip designed by apple apple stock is on a roll the team at ever core likes what they heard here. They say apples ability to design chips like this inhouse is under appreciated by investors in their opinion as they believe this can help give Gross Margins a boost. The report indicates these new chips are more power efficient with better graphics lighter, thinner macs could be on the way if these machines are attractive, it could help them stand apart from laptop rifvals bottom line, how concerned should intel investors be by all this this wont have a big Financial Impact for the chip giant. By his math, apple is a low single digit customer. But it could have a reputation impact if consumers get mo
And stockton mayor. I will say a few more words about them in a minute. But he really wanted to start by saying that we are gathering at a time where all as a country, and in particular, leading us as we go through a moment of deep pain and anguish for so many americans. That has come to the floor the last few weeks that it is a product of years and decades and really even centuries of any cool and unfair treatment. The murders of george floyd, breonna taylor, Ahmaud Arbery and many other black americans have shed a harsh light on the systemic racism that is pervasive in our country. People are not safe here. Now when they got their jobs are going to church, not even when they stay in our own homes. And they are too often killed at the hand of place. Black people. Right now our country is suffering of two abuses. One of them, medical professionals are working aroundtheclock theres a global effort to become a common entity. And still so many people are suffering. And dying. And for the
Chip botox straight ahead and we start with the rorschach test. Which did you see today . The dow closing at its highest level since march 10th and vaccine hopes with stills and stocks closing near session lows and the relationship 500 failing to hold its 200day moving average or guy adami, how do you interpret the ink blot being that i cant see it, is that the guy from welcome back cotter, mel or no, that rorschach test guy i think were having problems with guys audio tim seymour, well go to you on this which ink blot did you see today . I actually heard guy and he made a bad joke of welcome back to cotter. It was closing near march highs and i think we have a case where the reopening has allowed people to look at industrial and call them value stocks, but the ones that were the most beaten up and to begin to assess what schedules are going to look like for airlines out through kind of early to midsummer. We have no idea, but we also have some sense that the worst case has been largel
Market we have a great lineup of guests coming your way well speak exclusively with Morgan Stanley ceo james gorman. His take on the markets come back the read on the economy and the strength of the banks. Plus, you will hear from the ceos of macys, Signet Jewelers and brown foreman. Theyre joining us to discuss their path forward for their respective irz stroo respective industries. But lets begin with the Broader Market the rally, take the pause today following the rapid surge that pushed the s p 500 back into territory for the year if we close higher well get another record close for the tech hefin dechl. What you are watching . It does look that way, sarah. A recoil from the recent trends. The headline index is pulling back outside of the index. The majority of volume is to the down side. This is one day where the indices are understating the weakness they want to take a look at the one year really all the pullback meant is a little dip below 3200. It held there and bounced modestl
Brazil records its highest number of daily coronavirus cases and approves the use of an untimely leiria drug despite warnings about the risks. Thank you very much for joining as i knew standoff could be brewing between the United States iran and venezuela over a shipment of millions of dollars of fuel 5 Iranian Oil Tankers are just days away from arriving in venezuela to help ease your shortages said lexie obrien has a report in the venezuelan capital caracas the queue at the petrol station can last for days or the import all important to get this is the richest country in the world and we should not be like this because there is wealth there is oil there is everything. The shortages have plagued venezuela for years ever since its 1300000 barrel a day refining network collapsed which critics blame on underinvestment and mismanagement by the state oil company now president Nicolas Maduro has turned to iran for help for fuel itself and chemicals to help get the oil industry back on track