Nasdaq futures up 55. Yesterday record highs to tell you about, s p 500 closing at record high, nasdaq also was higher but then retreated. Dow industrials closed at 38 points, the nasdaq down 54, despite taking hit from Google Parent Company alphabet 7 and a half percent drop, initially nasdaq was higher, it ended lower. Mornings with maria begins right now from los angeles. Maria all right, top story this hour is apple and the earnings were better than expected. Technology giant reported secondquarter results last night. Showed decline in profit and sales however still beat analyst expectations earnings per share and revenue. The company saying that the the iphone sales showing signs of weakness, down 17 , there are the numbers. Joining Us Investment adviser, Larry Haverty and cyber guy kirk. Let me get your take, first, larry, on how you see the quarter, what was your reaction, larry . You have to be very, very positive and you have to think a little bit outside the box here. If your
Deals, i think the resolution of the uncertainty around these trade deals would be a positive for Business Sentiment weve been hearing from our business contacts a lot since the beginning of the trade negotiations that uncertainty is a concern for your product or if you export your product. Then its been a challenge for you. So that would be a positive. And, of course, the most of the gains, though, i would expect, from even from a successful trade negotiation, would come in over time. They wouldnt be the thing where youd immediately feel big effects right away but they can be important over a longer period so thats, i think, that would be my expectation. And havent seen the details of whats been negotiated don don lee with the l. A. Times. Getting back to inflation. Can you talk about the factors holding down inflation, how significant they are and why you think those factors will pass. Sure, i would just mention a couple i dont mean to diminish concerns about too low inflation, but i
Bell. Lets check in on the markets with just under an hour left of trade. We are off the lows, which for the dow is down 250 points were currently down 162 but still declines for the three main indices the dow down 0. 6 the s p down 0. 4 and the nasdaq down 0. 3 real estate, financials, health care the only positive Sectors Energy very much bringing up the rear with oil prices slipping over 3 . Lets get right to it with our closing bell exchange. Joining us today is sam stovall from cfa drew mattis from metlife and our own Rick Santelli at the cme group in chicago gentlemen, as always, hello to all of you is this just an opportunity to lock in profits after a record run or is there really a tantrum going on about the fed still i think theres a combination. I think what has triggered the likely digestion of the gains weve seen, remember this is the third best year to date performance since the end of april weve seen since world war ii and usually in that sell in may period the market de
Hearings on capitol hill into how the Usjustice Department handled the special counsels report on Russian Election interference turned ugly today. The Speaker Nancy Pelosi accusing us attorney general william barr, who gave evidence yesterday, of lying and dishonouring the office he holds. The attorney general of the United States of america is not telling the truth to the congress of the United States. Thats a crime. Shes referring to mr barrs testimony yesterday to a senate committee, during which he rejected claims hed played down the conclusions of the Mueller Report. My understanding was his concern was not the accuracy of the statement of the findings in my letter, but that he wanted more out there to provide additional context to explain his reasoning on why he did not reach a decision on obstruction. Thejustice department has responded to speaker pelosis comments, calling them reckless, irresponsible and false. William barr refused to attend a session of the Housejudiciary Comm
Despite encouraging noises from the u. S. And china, the trade talks have had a problem. We are live in beijing. Taylor i want a quick reminder on how the u. S. Stocks ended in a mixed session. We are having to reset from where we were after getting some comments yesterday from Jerome Powell. Markets have been pricing in that the next thing we would see is a cut. That may not get the case. Either the case. We could get a hike. Out in thet play bond market with your getting a lift as we are pricing in if we hike. Get a futures looking unchanged to slightly positive as well as we are coming into the end of the u. S. Earnings season and things are starting to look a little bit better than expected, but of course, all eyes will be on so thats jobs report, is keeping us in limbo. A look at how things are going in the asian market. Limbo land as in well. It has been a relatively quiet week with japan and china both out for the count. We are set for a mixed start with tv sucks getting up earl