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Europe is a big week personal income and spending is roughly in line. Our road map begins with apple, nearing an all time high, expanding ipad and air pod demand, Services Growth offsetting that demand social media twitter banning political ads, facebook defending its decision not to, saying, quote, its not all about money, facebook shares by the way rallying on those earnings head winds, markets are set for a mixed open, a report about chinas longterm doubts about a trade deal with this white house. Well begin with apple, though, higher than better expected revenue, despite iphone sales, results got a boost from stronger demand for ipads and air pods as well as growth in services they are issuing upbeat quarter guidance jim and josh lipton talked to tim cook about better sentiment in china as well. I was surprised with that, when talking with tim and with josh and on the street the whole tone of the discussion was that things ar ....
The president criticizes the fed and europe as powell testifies this week. Deutsche bank announcing massive job cuts, exitinging Global Equities business, a highlyanticipated 8. 3 billion Restructuring Plan, but will it be the last. Another controversy brewing at starbucks well tell you what has the company apologizing this morning. Late last week, the s p was at within striking distance of 3k. Since the release of the stronger than expected june jobs number on friday, stocks have fallen on dampened hopes of a fed rate cut as the chairman prepares to testify on the hill later this week the president ramps up his criticism of the fed over the weekend. Take a listen. Despite everything, theyre not doing well and were doing great. Theyre not doing well at all, were doing great. Were taking money out and Interest Rates ....
Jonathan lets get you to the weekend. Live from new york city, good morning, good morning from our audience worldwide, we are closing out the week and heading towards the weekend, looking for four weeks of gains on the s p 500 with a sprinkle of fed speak. Kashkari, daily, and for the really committed, sunday at chairman powell commencement speech. Lisa im sure everyone around this table is very committed and some are double dipping this week. Yesterday, fed speak was kind of the same, higher for longer to gain confidence. I want to bring you to raphael bostic. If things dont go that way, im not locked into policy but if they go that way, he could see a cut by the end of the year. Annmarie i love how that is the most dovish thing you can get, but this week has shown us that there is a difference between relief and surprise. The data that we got was relieved. Surprised was the First Quarter. This week was relief, the market maybe st ....
Antitrust violations without getting into specific, and Washington Post ran an article saying trump posed as a publicist to generate stories, a claim trump denies. Bezos would offer trump a ride to space. Would he field any questions at the meeting about trump . Well wait for that. The brawl has not worried investors yet. Look at amazon stock, outperforming the market this year, and still up more than 60 over the past 12 months. Adding to the drama today, though, ultra violet, a Group Fighting sexism, lhas a petitio to ask amazon to stop selling trumps line of mens waear. Why is amazon continuing to support the trump empire, and now, ultraviolet says 1500 shareholders signed the petition and commissioned a plane that will be circlingover head today at the meeting with a banner saying, dumptrump. For its part, amazon declining to comment on that. Ill head into the meeting rig ....