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Anna welcome to countdown. Im anna edwards. Ryan im ryan chilcote. Anna at 6 00 lets have a look at the tech sector. Lets start with apple, because i have a chart here that shows the afterhours move we saw this was even after the Company Reported a record thirdquarter profit number. Revenues were disappointing. Ryan this threatens to remove again that apple saw that huge rally of almost 10 . It could be one of the biggest losses ever. Anna more generally, this was the biggest tech rally since october. Will that change in the session today . We have lots to talk about. Apple was just one of a few tech giants that reported in yesterdays session. That came afterhours. Lets get Caroline Hyde and paul sweeney. Great pleasure to have you. Lets continue the conversation with apple and what it is. Caroline its phenomenal when you put it in perspective we could see 66 billion dollars ....
Being against a rate hike and accepting its not inevitability are two very different things. We need to understand the difference. While you may not like it, you need to start accepting it. First, he get that we cant have ultralow rates forever, even if theyre good for the stock market for the duration. Eventually too much money chases too few goods and we get inflation. Inflation is pernicious. There are reasons weve never had ultralow rates forever. It has to do with the inevitable debasement of our money and dramatic decline in our purchasing power. The fed has two mandates, promote an environment for an flourishing economy, and the second to avoid inflation so people cant keep up with the rising price of goods. I certainly am not in favor of turbo charged inflation. However i am concerned that the first mandate might be upended by higher rates. Right now, after that barn burner of an employment number last friday, its difficult to fret over job losses. Ive been worried about the pr ....
By higher rates. Right now, after that barn burner of anmployment number last friday, its difficult to fret over job losses. Ive been worried about the precariousness of our trading partners like china. But china is back in bull market mode, even if the strength is in consumers and not industrialrelated. The data out of europe is pretty strong, that i follow. We know a lot of the strength comes from weaker euro. Companies that sell in europe rows are taking share from american competitors. Thats decidedly bad. But to worry about china or europe, that seems wrong. Thererwill be negative reverberations in emerging rkets. Thats a given. Theres always people caught up in that old trade. Thats one reason im not crazy about a rate hike. Them every day for weeks on end. Most important, i believe the causing the exports of our dramatically versus overseas competitors. Well have playoffs as manufacturers cant keep up, as we open borders versus every other country. They seem to be offset right n ....
Turbo charged inflation. However i am concerned that the first mandate might be upended by higher rates. Right now, after that barn burner of an employment number last friday, its difficult to fret over job losses. Ive been worried about the precariousness of our trading partners like china. But china is back in bull market mode, even if the strength is in consumers and not industrialrelated. The data out of europe is pretty strong, that i follow. We know a lot of the strength comes from weaker euro. Companies that sell in europe rows are taking share from american competitors. Thats decidedly bad. But to worry about china or europe, that seems wrong. There will be negative reverberations in emerging markets. Thats a given. Theres always people caught up about a rate hike. But these ramifications are inevitable and youll hear about them every day for weeks on end. Most important, i believe the dollar will soar on a rate hike, causing the exports of our companies to decline dramatically ....
Midday. Jessica rae good morning and thanks for joining us this midday. Im jessica rae. We begin with news out of california, the fbi is grilling the man who bought the husband and wife killers their highpowered rifles. Federal auththities are also tracking some suspicious activity in the killers banan account. Abcs elizabet hur has the latest. For investigators. This much is clear. Syed farook and tafeen malik planned their attack well in advance. The question now. Did they have help . The fbi says it has Surveillance Video of the two killers taking target practice around the los angeles area. Now under intense questioning. Is farooks friend and neighbor enrique marquez. Seen here on facebook. A former Security Guard and convert to islam. Who provided the couple with the rifles. sot john dangelo our major concern sot Den ....