4 00 oclock on wall street, nasdaq up 300 and s p higher by 67. Wild fires raging up the west coast this morning, several people now dead, homes destroyed and evacuations underway. Many areas bathe in orange glow of fire. Almost open for business, new York City Restaurants can allow Indoor Dining at the end of the month but there are strict rules to follow. In the next hour a Restaurant Owner and lady gagas father joe is here to talk about the state of the Restaurant Industry and whether his daughter will take a seat inside. Sky high technology, we are introducing you today to what some are calling the smartest and best drone yet, Android Industries Palmer Luckey is here 8 30 eastern with exclusive announcement and back to grid iron this morning. Fox sports is back and bringing nfl along with it. We have a preview of games to expect. Mornings with maria is live right now. European markets trading mix, the dax index is higher by 43, we are waiting the European Central banks decision out
Good friday morning. Welcome to squawk alley. I am Carl Quintanilla with Morgan Brennan and jon fortt at post nine of the New York Stock Exchange record highs across the board as the dow is up 129. Session highs now. Absolutely. Were going to start with apple at fresh highs shares of the tech titan hitting records as three wall street analysts upgrade price targets on the stock mike molson upped his bet on apple from 270 to 290. Dan iefs sees it head for 325, and another raises to 290 from 280. Joining us, dan ives happy friday you too. Quite a run for apple from here, up 38 in the last 12 months, consequently up 30 in the last six months. Those first six months, wasnt doing much, what convinces you, is it mostly the iphone thats got that much more room, 24 or so from here to run . Great question. There are two components to the bull thesis, a lot more fuel in the tank one in terms of iphone 11 and 5g combined, i view it as a super cycle in the next 12 to 18 months we think you have 40
With us and brew Group Investment banker and nfl star jack brewer great to see you this morning. Thank you so much for swroining us here we are looking at futures which are lower this morning going into another week. This is an important week because were going to begin Third Quarter earnings give us a window into the economy and corporates dow and s p 500 trying to snap a threeweek losing streak, with all eye on the china trade meetings this week on thursday. The two sides expected to resume the negotiation thursday. Beijing reportedly ready to talk about a narrow focus deal. Narrower than weve been talking about with full scale reform of stroll sector off the table whats your deal given the fact that president has been adamant about industrial issues and the behavior of china particularly with the intellectual property . Market clearsly not liking it maria. I mean listen the pressure is on certainly hong kong is not getting any better an chinese economy isnt getting any better our ec