Josh lipton talked to tim cook last night after the earnings print and joins us this morning. Josh reporter carl, investors want to see iphone trends improving. Thats what they got with the latest report. Iphone revenue dropped 9 in q4, but revenue dropped 12 in q3. Ceo tim cook telling me for iphone specifically we improved year over year performance even more compared to last quarter, and significantly compared to the first part of the year, and we are off to a really good start with the iphone 11, iphone 11 proand iphone pro11 max i asked about tariffs and trade tensions cook tells me he did not ship more iphones here to the u. S. To try to get ahead of potential new tariffs in december, nor does he plan to, as analysts know that means recent positive supply chain data points represent real demand. More broadly, cook is optimistic a trade deal gets done, saying i am still optimistic in the end there will be agreement between the countries where it will not solve everything, it will
Carl quintanilla with Morgan Brennan and jon fortt. Interesting monday morning getting news a few moments ago that the president met with jay powell earlier today, tweeted about that got a statement from the fed as well as the market tends to struggle a bit this morning for some direction joining us, michael puree vis, and pete stall good morning, guys good to see you both good morning. News from the fed first and then the white house is interesting. What could they have to talk about . Seems like the macro i think it is interesting you listen to any Earnings Call in the last six months, how many of them are belly aching about cost of capital not hot enough, not low enough there was some belly aching about trade. And Dollar Strength, sure, but the Dollar Strength has been persistent but hasnt been dramatic not a reply of the 2015 and 2016 which threw earnings off it has been a gradual steady rise that allowed ceos to manage more effectively, at least to manage the street better on that
Responsibili responsibility we see it every day now with every data breach, every privacy violation. Every blind eye turned to hate speech fake news poisoning our National Conversation the faults miracles in exchange for a single drop of your blood. Joining us to discuss this morning, ricos editor at large, cnbc contributor, kara swisher, fresh off of code con last week great to have you back im glad to be here we were discussing offcamera how the evolution of cooks rhetoric began in an interview you did with him a long time ago. We were doing an interview for nbc and i asked him what he would do if he was Mark Zuckerberg and he would say, i wouldnt be in this situation, and went on from there, talking about privacy. Which is a good thing for apple to talk about. Its good on lots of levels, a marketing thing, its what theyre like theyve made commercials about it since and this is him continuing to talk about that topic. Hes been ratcheting up over time, which has been irritating a lot
Year amd left out of the party recently stock down in 2017 a rare exclusive with amd ceo. Her plan to power growth a 24 carat edition of power lunch starts right now. Move yeah what yall trying to do all right, bruno mars may make want to dance but these numbers on wall street will certainly get you out of your chair. Welcome to power lunch, everybody. Im Tyler Mathisen dow, best day of the ye so far final trading day of november. The dow giving ply son macke a wonderful birthday present happy birthday mack best day of the year dow, s p 500, russell 2000, small caps and transports all hitting new alltime highs the dow up triple digits this hour look at that, topping 24,000, 25,000 in sight. Intel, united technologies, Goldman Sachs, visa, other movers, cvs aetna higher cvs closer to a deal to buy the Health Insurer price between 200 and 205 a share. Sears higher struggling retailer posting a smaller than expected loss Michaels Companies soaring. Double digits. Arts and craft retailer b
Stocks are in the red, at least no now do you as much as check out movers, underarmour, soaring, earnings estimate were met blue apron rallying. And wayfair hitting new alltime highs. Climbsing about 6 in that time. All right. For more on the markets, le ate go to the New York Stock Exchange and check in with bob pisani bob . Tyler, 111 points in the dow, used to be big news a few weeks ago, but not anymore were starting to settle down. Im not saying its over yet advancing to declining stocks. The volume, surprising below average from what weve seen in the last few weeks, volatility is moving in a much narrower range. Trying to find some footings sectors, well, the market leaders used to be slightly to the down side. Banking are fractionally positive consumer staples, defensive group has generally been stronger all day here. Finally were following as interesting story from an anonymous whistleblower who has written a letter to the s. E. C. Alleging we dont have his name or what he does