Good Tuesday Morning im Carl Quintanilla with Morgan Brennan and jon fortt at post 9 of the New York Stock Exchange markets reacting to the apple news over the weekend. A lot of news for the long Holiday Weekend coming in. Well e get right into that with apple it is sinking this morning and taking the dow down with it after warning its going to his Second Quarter forecasts on revenue due to cocid19, the coronavirus. Our guest joins us now good morning. You feel confident this is a shorterterm issue even though to my eye apple seems to be backing away from that shorter term position, explaining why its no longer sticking to its previous guidance saying its going to update us in april. What makes you still feel pretty good about the limited impact of this virus yeah, i mean, apple did say that but they also gave more color on the fact that overall theyre strong but theres no quantity final guidance so theres no help on the press release they gave. The Biggest Issue seems to be the supply
Including contra costa. As a Foreign Trade zone Board Regulations require the Foreign Trade number three be operated as a public utility requiring all rates and fees for all services that we charge within the zone be fair and reasonable. The regulations also require the Foreign Trade zone number three apply uniform treatment under what conditions to all users and applicants within the zone. Either foreign treatment doesnt require acceptance of all proposals by zone participants, but rather the bases for grantees like our decision on a particular proposal, it must be consistent with the uniform treatment requirements. Foreign trade zone number three is a local contact for all Foreign Trade zone operates. This early this consists of the chevron facility in richmond, the valero refinery which was approved in 2010, the 66 refinery in rodeo which was approved in 2014. The Expediters International logistics and distribution facility in brisbane which is also just approved last year, most rec
From the president S Manufacturing council. P g ramping up its fight against nelson peltz and netflix with a big score in the content war signing shonda rimes away from abc a tweet from ken frazier saying he will resign from the president S Manufacturing council was met almost immediately by a response from the president in which he said frazier would now have time to go lower rip off drug prices and immediate reprisal for what i assume the white house sees as a breach of loyalty. Ken frazier is known as one of the more thoughtful executives out there anyone that followed the drug industry knows that he has a lot of false promise he speaks his mind the president. Hes the president of the United States but it does seem a little, ill advised to just immediately attack him for going and gouging and mr. Frazier as also been a man that tried to hold the line on drug pricing. So it does to me, i mean, who am i to say its unfair it just seems like that mr. Frazier deserves better. He speaks h
We did a piece on these flipflops. Come to the camera. She asked if she could get a pair of flipflops. We want to get her the flipf p flipflops and stuff with will give away a little later. Its not going to fit me right now. Its really soft. Id raet having it for fitting longterm. You gt me a large. I cant wear. Youll be working out. I know, that makes me you should have been a medium. Im going to try it on. Its the thought that counts. Thank you for thinking of anything. I would not probably have. You were on a quota, too, right . You werent allowed to you only could spend so much down there. This was personal. This was personal money. Because the expenses. He paid for this himself. Bought it with my credit card. Thats even nicer. You can write it off. I cant write it off. Who is reading this . I am. Were going to take a look at the u. S. Equity futures this hour. Thank you andrew. Very sweet. Take a look. Things looking positive for the bulls. Dow futures indicated up 66 points. S p
That stock soaring today after meeting expectations on earnings. This company now has a higher multiple, higher market capitalization than wall administrator. Probably higher multiple, too. Yeah. Im sure it does, as a matter of fact. But is it justified . Well talk about that coming up, as well. Heres the markets right now. Final hour of trade on this mid ferm tuesday and the dow slightly higher after spending the morning in the red. Higher by 22 points or so. The s p though is negative off by about 5 and the nasdaq off by about 14 and talking about whats off today, bill, may have something to do with the midterms and a question to explore. The price of oil as you mentioned. Fouryear low for wti which well get to here and the closing bell exchange. Mark spellman joining us here at the new york stock exchange. Amy wu is with us. John manly. Kenny pulcari and our own rick santelli. Why isnt the low on oil putting more downward pressure on the stock market hand it has . Im on the opposite