indices drop sharply earlier, as the number the coronavirus cases continue to say rise and despite solid labor market and manufacturing data, yields are falling today. some oracle employees are planning to walk off the job any minute now in protest of the fund-raiser oracle founder larry ellison is holding to raise money for the reelection of at the president trump. we ll bring you any updates when we see them. thousands of employees have already signed live pictures nothing to report there, but we ll bring you any when we get there. joining us is stephanie link good to see you, as always we re down about half a percent, so well off the lows. what did you make at that gut check this morning, and are you in fact encouraged by the way the market has steadily improvement that that ises that there s confidence with the ceos, and that jibes with a data here in the united states. earnings are running about 3.5%. i understand we have to deal with why the dollar is so strong, why
soybean and pork shipments that putses up 343 points on the dow. we are positive for the week as a whole now despite the declines earlier on this week joining us for the first hour, nathan from risk aver sal advisers so that point exact ly that we r up .2 on s&p, do you think the b jobs number justifies that given where we were monday, tuesday? i think it s helpful when you think about the weak ism data and services this week that was a cause of concern. especially if you did not have a lot of confidence that we were going to have the fear of increas increas increased tariffs taking off so this kind of mitigates that and here we are in familiar territory back at all time highs. there s a lot of cross currents here what has happened to get us here you know, the fed has expanded the balance sheet by 300 $300 billion, right and they ve lowered interest rates three times, 75 basis points in the last four months just to get us and keep us here. we re going to focus in on the b
well and apple. that event is just wrapping up now. announcements shaking out in the stocks of different competitors. we re going to fill you in on all of that action but joining us for the hour is steve grasso from stuart frankel. steve, great to see you. good to see you it s amazing. not necessarily a major move for the averages today or right now. everything is slightly lower and actually, if you look at the week, the dow is actually flat so far to start off the week and yet there s been this great rotation talk to us about that. the rotation is coming out of growth into value. how long does that last is how long the market will be under pressure and for now, it probably will last a little bit longer, but get a trade deal, throw everything i just said out the window and you see everything rally back people are making the analogy back to 09 and 2016, with this rotation that lasted for a couple of weeks. i don t think it will be that long do you really think we
closing bell starts right now. bringing back our love triangle graphic from yesterday with warren buffett above it welcome to clbltd clblt great to see you just less than one hour of trade. well off the session lows as we stand. there s the intraday chart for the dow. just higher by 20 points the s&p s just in negative territory. as you can see, the nasdaq sinking more meaningfully. the sectors that are gaining are defensive today. we ve got the likes of staples, utilities at the top, communication services at the bottom and google notable declining certainly not helping coming up the ceo of rio tinto joins us on a closing bell exclusive to discuss a global economy and the company s new climate change initiative. let s get straight to the story of the hour. apple one of the most important reports of earnings season josh lipton at am hq with a preview of what we can expect. josh sara, here is what we expect when apple reports results after the close. earnings per s
fed shrinking the portfolio. we ll discuss with don kohn. 59 mupinutes left of trade today communication services and technology that lead the declines in terms of sectors in the s&p. consumer discretionary and industrials the only outperformer. dechfense contractoring lift apple is lower ahead of the results. now to the reporters on earnings dom and josh dom, let s start with you. morgan, wilfred, a lot of numbers. we are at the quarter-mile mark. 27% of companies within the s&p 500 reported their numbers and of those 27% of the companies 74% of companies have beaten analysts estimates and 24% missed estimates and a positive start to the earnings season with regard to growth, it is still a positive story there, as well with the companies that reported and if all other companies in the s&p report as expected, we will see a gain in earnings per share by about 14.2% meanwhile, we ll see a gain in overall revenue 5.6% generally positive theme check out what s happening with