continue to drive growth stocks are poised to rally ahead of what could be the fed s first rate cut since the crisis. and gaming headwinds, amd delivering a revenue warning first up, apple rising on the better than expected results iphone down from a year ago and now represent less than half of quarterly revenue for the first time in about seven years. yeah, headlines today in the papers are staggering. new york times, apple reports declining profits and stagnant growth again wall street journal quotes richard cramer, no relation. were these people on the same call maybe they were on the rotten apple call, i was on the straight apple call. i heard a situation where you are going to if you actually think out in the out years, it is a service company with the best customer satisfaction there is and when you get an appliance of which there are about 1.5 billion, you are beginning to take either apple cloud or the app store, the ads, i think that you will be looking at th
see, there are about a dozen weeks each year when we re in the heart of earnings season and the wall street analysts become powerful enough to control the action this is one of those times they have an outside ability right now to move stocks particularly tech stocks. today because of chatter about a possible break in the trade log jam with china and britain and iran didn t seem to go to war with the tak nker, the bulls pushed stocks higher it s important to know how this works. behind the scenes i m opening the curtain to give you solid examples how the an lists are able to move some stocks and therefore the entire market. it s beens toed back and forth since it peaked at $64 and change for pulling back to $28 bottomed in december when micron reported, they made positive noises enough to send the stock into the stratosphere and goldman sachs decided to call the bottom in the chips and the stock had yet still one more leg higher as the buyers went nuts for it. and that s how
s&p coming up with a nine-day win. apple is nine in a robach in the 200. boeing is back in the spotlight. this time is over tariffs centering around air bus and boeing google and executives are back in congress today. facebook stock continues to climb back s&p is in the win streak since october 2017 the tech sector closed at a record yesterday for the first time in seven months s&p were ten bases points from an all time high jesus, i got to tell you that yesterday if it were not for boeing dow would have had a nice run and nasdaq doing quite well. there was an article in bloomberg yesterday of how the faang, the faang made it back. i have been watching the action for apple. i think apple is very telling. your last five points was when they preannounced. you got to wait a couple of months we got a bunch of positive notes for apple. the way i measure this moment is that there are people cutting numbers and raising rates. raising what? raising ratings telling you to buy th
american sales the ipo wave rolls on. the new york stock exchange reportedly winning both uber and pinterest listings and miller coors suing anheuser-busch over its controversial bud light super bowl ad. futures are falling as weaker german and eurozone pmi adds to global growth slowdown nike down on warning of the sales slowdown in the current quarter. with a fiscal q3 earnings beat, mike parker cited china as a bright spot on last night s earnings call. china earned the 19th consecutive quarter of high quality double digit growth as the chinese consumer increasingly making sport a part of their daily lives jim, let s break nike down. a lot of this is currency. and a timing issue. at one point, kind of throwaway, they said, look, basketball was not necessarily the right time and parker said that was a coaching question, which to me said, this does matter i think that as matt boss put out this morning at jpmorgan, there was a lot of underpromise so they can overdeliver.
plus battle ground 2800 for the s&p. the halftime report investment committee is taking a stand on this line in the sand. it is high noon on wall street the halftime report with scott wapner starts right now. welcome. good to have you with us here to debate and trade, joe terranova, jim, steve, the brothers are here and also cio of is sand hill global advisers. ge giving new guidance, the outlook far from glowing larry culp saying there is more work to do to turn the company around pete, you do not expect this bump in the stock to last. why? i just think it is temporary like we ve seen in the past. and then i think it is just in the trading range. that is i guess my feeling larry culp has become the cleaner from pulp fiction. his job was to clean things up so what is he doing? telling you exactly how bad things are he s telling you how much of a cash burn they will have this year in multiple different segments of their business and yet the reaction is to move to the u