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Firmly in the red here nasdaq is up 104 . Up 3 this week alone. Only tuesday coming up on todays show kraft is trading higher. Of they outline two billion in cost cuts and selling off part of the cheese business not all of the cheese business and some confusion as to which cheeses go and which stay. Well find out why the companys president about those moves will join us to discuss whether lack of fresh stimulus can impact and speaking of stimulus, former treasury secretary jack lew will join us and his article calling for more than 2 trillion in government spending. We begin with breaking news on apple. It is much anticipated event unveiling a new number of products we have the latest josh so a lot of news in that 60 minutes of apples show today. Start with the new hardware. That new ipad air. It is going to start at 599 available next month 10. 9 inch display with a huge boost in performance we know the ipad is a hardware line clearly benefitting from that work from home trend apple w ....
Big quarter for apple, set to report tonight after the bell. Investors closely watching the companys Current Quarter sales and forwardlooking revenue forecast joining us this morning, brian white as well as krish sangar. Stocks had a great run here. How much is priced in . Theres a lot of optimism going into this report i think really whats happening is the market is saying, look, we believe the services story. Iphone 11 has been good out of the gate theres a lot of things we need to think b aabout. All three iphones came out in september, versus september and october. We have some tariffs that have kicked in that could drag forward. All in all it should be a decent report, but i think the Services Report is more important big week for apple tv plus, big premiere here in new york. How much of that story is understood, especially when we start now paying more attention to di ....
Were expecting, up 15 , thanks to people taking more rides and also using its food delivery service, but the thing is the right hailing and Food Delivery Company still disappointed investors and one thing that wall street was focused on was gross booking. That number came in lighter than forecast and its predictions for the coming three months also were disappointing. So, despite turning in higher revenue, uber posted an unexpected loss of around 651; million, up from 157 million this time last year. Earlier, i was speaking to andrew hawkins, Transportation Editor at a new service covering the tech industry, and he told me what wall street was worried about. While ubers fundamental Business Model appears to be improving and gaining strength, its still not completely out of the woods. And what i mean by that ....
Designing also, caution is in the air as President Donald Trump prepares to address the nation and the world. He will call for unity after a deeply divisive year. Yvonne just starting things off with breaking news out of south korea, Industrial Production numbers missing by a longshot here, here are your numbers, falling 6 for the month of december. We were expecting that we would see a bit of a rebound here of a contraction of 1. 5 . We were expecting in october 6 soe saw that plunge in we have not seen the momentum yet when it comes to these numbers even though export growth still remains quite strong. There is a lot going on with the south korean economy in general. Something to watch here, the month over month numbers not looking good as well. The territories down half of 1 . In the meantime, we have been talking about the red across the screen for the last ....