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15% so far this year and up 40% in the past one year. our jon fortt is live at the big event in san francisco. jon? reporter: well it hasn t started yet but we expect that to happen any moment mandy. right now they ve been pumping uptown funk in there as people get ready. the lights just went down. really we re probably just seconds away from tim cook walking out on the stage and saying something to the effect of, i m so glad you re here we ve got a lot of great stuff to share with you. what typically happens here is they show a video, possibly from an apple store, possibly in china, making the point of just how big the global audience is for ios and for the mac. they want to show momentum in units here. they want to show that they own the premium end of the market. they want to communicate to this audience in particular that if you want to make money in software apple s platforms are the place to do it. that s what we expect. of course we expect music and also th ....
shares of nordstrom down about 15% in the premarket, penne yerks s taking a hit. we ll break down what s really happening in the sector. donald trump launching another attack on amazon and jeff bezos. trump saying when it comes to taxes, amazon is, quote, getting away with murder. apple ceo tim cook told cnbc he s very optimistic about china and putting his money where his mouth is in a big way. we ll look at the chinese company apple just invested $1 billion in. but first up, government data shows retail sales up 1.3, surge led by autos, gasoline and online retail. but there s more department store pain on the earnings front. both penney and nordstrom tumbling. at least eight firms cutting their price targets on nordstrom, which misses by a large margin 26 versus 45. revenue was light. comps down 1.7, but the lesson here is that even retailers of that income demographic are not immune. everybody at the mall was out of position, no way to put it otherwise. if yo ....
is that he has a lot of interest in one of these companies, like he has a lot of at stake here and this is an unusual way to bring these two companies together and i m not sure that it makes sense. i think he would like to have us look at it as becoming the leader of clean energy but it s still, there s still a lot of questions about this deal and i m not sure that it makes sense for investors for the company at all. it s not a done deal. there s still a 45 day go shop period where any other suitors can make themselves known and musk is the largest shareholder in these two companies but it will be interesting to see how shareholders feel and how they vote about it and i m wondering if you think that either of those hurdles will not be overcome by this deal. yeah, i think it s possible that the deal won t go through. it does seem though that they have kind of, you know, they have barrelled against kind of all opposition so far. so it does seem likely that the deal ....
and we re going to get more numbers today. our roadmap begins with apple shares falling in the premarket after the company reported a drop in quarterly sales for the first time in 13 years. so what happens now? we got reports that comcast in talks to buy dreamworks animation. that has the stock soaring this morning. we ll give you the latest. and twitter shares down about 15% after reporting revenue that misses estimates. we ll hear what jack dorsey had to say about the quarter. first up, the miss for apple taking a toll on the stock, quarterly revenue down as iphone sales slide for the first time. for the current quarter here s what tim cook said on last night s earnings call. as we continue through the june quarter, i d like to remind you that we measure the health of customer demand based on sell through. despite ending q-2 within our channel inventory targets in light of the macroeconomic environment, we plan to lower our channelin e venn toirs in the june q ....
on what we re seeing on major heat waves. we ll be exploring the markets all afternoon for the next two hours and beyond. let s get more now on today s slide from bob pisani on the floor of the new york stock exchange. bob? hello, tyler, and what we re seeing is a little bit of a reversal of some trading trends, specifically around the dollar and also to a trading around the dollar. modest rally. look at the dollar index moving down all throughout the quarter here. the lows recently. that s reversed a little bit today and some people are debating. the dollar may have bottomed and that may have factored. energy financial materials were weak today. you know what the market leaders are. energy financials and materials this quarter and a very specific reap. those are cyclical stocks. very specific reasons why cyclicals have done well this quarter. let me show you the q2 trade, the trade everybody is doing. you have the weaker dollar and combine it with a stable china an ....