High end model with the biggest screen yet but shares are slipping after yesterdays big gains. Banks but are in the red a busy afternoon 59 minutes left of trade the dow down 157 or so. Lets get to the big stories. Josh lip ton has the latest from today as apple each. We have the latest on eli lily and we have the Broader Market action josh, apples shares are slipping today, but still higher so far for the week. Wilf, apple bulls will argue what you saw today is the start of a new iphone super cycle. We have to wait and see whether consumers though are just as excited. Tim cook introducing the companys first new 5genabled iphone, the iphone 12. It will be available in four versions, different sizes starting at 699 for the mini, which has a 5. 4 inch display to the max, which has a 6. 7 inch display and costs 1,09 9. The transition from 4g to 5g is complex. Some argue 5g coverage is spotty right now. Though it could act as a catalyst helping to bring the technology to the mainstream won
Thank you all for your service past and present to this country into your fellow veterans. We are honored to work alongside you. Thats exactly what we are going to be doing over the next few days. Were going to be working together. Not in a typical way that we work, not our daytoday work. Nothing normal sense. But over the next three days, you are going to have the opportunity to pause and take a step back from the daytoday grind, the daytoday challenges, all of the things that we struggle with. Every single day. Really think about what we are doing and why are we are doing it. Were going to think about what we know, and what we dont know. Im going to pause for a second. Those of you who know me, you know that formal remarks are really not my specialty. I want to see a show of hands when you heard us when we said, its going to be data, you had a big hug, its okay. I am a self professed data geek. I want to talk to you a little bit about data being important. I know sometimes data can f
The latest phil melissa, not surprisingly boeing will take a big hit when it comes to the q2 earnings that it reports next week lets run down the numbers the Company Announced within the last half hour it is taking a 4. 9 billion after tax charge that works out to 8. 74 a share. Thats for the Second Quarter. Essentially it comes down to the 737 max, they say it is due to concessions and considerations theyre going to be needing to make to customers, not only those they made in the Second Quarter but extending over the next couple of years revenue and pretax earnings are going to drop by 5. 6 billion in the Second Quarter or theyre going to be reduced by that much in the Second Quarter. Production costs in the Second Quarter, up an estimated 1. 7 billion, but we should point out that is accounted for over the life of the program so it is going to be extended out over many years since they have more than 4,000 737 maxes on order the assumption from boeing at this point is that the airpla
Way to make money in apple if the stock goes up, down, or nowhere at all i dont believe it. Is that possible it is possible and hell show you how to do it its time to risk less and make more the action begins right now. After lagging the market are year, suddenly, stocks are showing signs of life. Surging 5 as oil hit 60 should you stick with Energy Heading into the new year . Mike when you take a look at the entire space, you know, its the integrative names at the top of the list they represent the largest constituents of that index and as oil prices rise, theyre essentially a big bucket of oil themselves the oil service names, i like that space a lot i have even when oil prices were lower because weve seen a lot of basically the fracking businesses have been able to make money, innovation in that space, helps it Oil Service Companies more than anybody. I think you have two things going on in the oil business right now. Weve seen crude get above 55 a barrel thats been key for the oil
Party lets get to it. Despite the fed rate hike and talk of deregulation financials were down about 1 . Morgan stanley, goldman sachs, bank of america saw red. Is this the beginning of a Bank Breakdown . Lets get in the money right now. Im going to piggy back something off fast money earlier in the week, carter worth had this Tour De Force about the relative performance of bank stocks versus the broad market and it got me thinking and jeffrey gundlach, a big fan too. Total shoutout there. Total shoutout. Heres the thing. This group has paused. We obviously know the reasons why they ran up. Obviously the hope of deregulation and higher Interest Rates. Ill let mike talk about net interest. Ill let you talk about the relative performance. One of the issues i think is first and foremost, especially as the new administration is bogged down with obamacare, is the potential for doddfrank to really change meaningfully over the next few months, is not particularly great. I do think there may be