Let take a look at the new dow components. Goldman sachs, nike, welcome to the dow jones industrials. It changes some of the earnings projections for the dow overall. Back to you. Lori see you in 15 minutes. Apple reported record first weekend sales. Sales almost doubled the previous models debut. This calmness this comes after blackberry plummets. Brian, great to have you back on the show. Thank you for having me. Lori apple pulls off yet another record. Why were they able to do it . I think it speaks to demand more then anything else. You had a launch in the u. S. , but also in china. It exceeded every expectation. It was a terrific launch. Lori apple is reporting it will come in on the high range. We agree with the forecast. We think it would have happened anyway. Really, it is not a surprise. The bigger news is the gross margin project. By raising that guidance, we think it is a good sign that the 5s is not that much more to make them the 5c. Lori is that the most of today figured
Tom brian, before we talk about that forecast, what do you make of the fiscal first quarter. Some pretty big numbers reported. Some big numbers, but a little lighter than consensus, around 48 million iphone units, 22 million ipad units, a little less than consensus, and a little disappointing to investors, and certainly when you have the forecast that was light on top of it, it makes for a disappointing quarter. Tom i can already hear those apple shareholders saying financial expectations are just impossible for apple to exceed. Theyre so high. What do you say to them . Well, i think investors may have caught up to apples stunning growth, but perhaps the law of large numbers, i think growth is getting increasingly harder to achieve. I think the easy growth has already happened in the iphone in developed markets like the u. S. The next wave of growth will come from emerging markets, from china and lowerpriced phones. So apple may have a harder time getting that sort of growth. Tom i thi
A new report is out on who is paying and how. The share of the bill the parents are putting up is dropping bigtime. Well tell you how people are making ends meet. First though to sue at the nyse. They are talking about that burger down here on the floor, ty, but were going to talk about the s p because right now, as you pointed out, the s p, the dow and the nasdaq kind of a mixed performance. The s p is down about 2. 5 points, but the dow is up 21 and the nasdaq down 13 and the russell off just a fraction, but we want to focus on the s p for just a minute. At the 1692 mark just shy of the 1700 mark. Career to date that means the s p is up a full 18 . If we cross 1,700, what does that mean for all of those wall street strategists who are way under that for the yearend targets . Josh lipton and his team have been calling all the big firms out there and joins us live from hq. What have you been finding out, josh . Hey there, sue. The s p 500 nearing 1700, a big filestone for a market alre
There's been a lot of talk about AI's infrastructure buildout. Tech analysts say there's another area to invest in beyond data centers and cloud computing power.