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Or nondecision. 59 minutes from now. But meantime, we start off with apple. That stock is more than doubled the daily volume average, 80 million shares trade sod far today. As you might expect, apple is pressuring the nasdaq. Surprising moves in the dow and s p 500 which look to be pretty resill yenlt on t yenl resili of this news. What does apple need to do to bounce back from the first revenue decline in 13 years . Lets bring in our analyst who lowered the price to 125 after 141. Jason ware, he owns 143,000 shares of apple. Gentlemen, great to you have with us. Ill start off with you, you know, it really is the Second Quarter revenue guidance that has a lot of investors concerned. And all the reasons they list behind that revenue guidance lower is theyre terrible reasons. Plan to cut inventory by 2 billion. Lower average selling prices because of that se. Overly optimistic forecast for the mac during the back to school season. W ....
15month low. Australia cutting rates, auto sales on the way. Roadmap begins with tim cook. He joined jim on mad money last night covered everything from innovation to china to revenue to the companys value. Global data driving futures. Well tell you what to expect on wall street today. And shares of aig down in the premarket after earnings. Peter hancock will join us live. First up, tim cook defending app apples latest results and the stock mired in a slump. He was on with mad money last night. If you talk about macroheadwinds, difficult compares dominant. Yeah. Currency, no new iteration yet. If youre going to be opportunistic wouldnt you say let all the hedge funds blow it out and then well make a statement . Well, opportunistic to me means you buy it when you think the companys undervalued. We believe the companys undervalued. All right. I got to get your thoughts on what he said and whether it changed your view in any way, whether it should change other peoples views. I think if yo ....
Paris just in the last few last minutes but at this point early indication is it doescati not have any ties to ties to terrorism. Te the big story closer tostors home state police in virginiairi investigating the tragic tra shooting of one of their own. Trooper chad dermyer was cha killed yesterday at a y greseyhound bus station inund bt richmond. Fox5 has learned much more about that gunman. T wisdom martin back in studiock with the very latest. He good morning. Od good morning to you. Morn this morning we are learning more about the man who opened od fire during a police trainingin exercise at the richmondichmon greyhound station. Grey our fox affiliate in chicagon ca says the shooting suspect isuspi james brown the third from illinois. Is police say trooper dermyerermy approached brown and thats when shots were fired. Ed dermyer didnt have his his bulletproof vest on. Proof and he died. Ie police say all this happened hne in a short amount of time. It was so brief there ief the cant ....
Succeed. And counting down to cnbcs republican president ial debate. It is live tonight from colorado. Well tell you where the candidates stand on fixing things like Social Security and medicare, plus what some Small Businesses would love to hear from the candidates arrayed out there in boulder. Meantime, lets aez go down and check in with my friend, kayla at the nyse. Kayla. Hey, ty. The countdown to the latest fed decision is on in earnest. We will get that decision from policy makers in less than one hours time. Steve leaseman is life at the Federal Reserve and says the fed has some new data to think about today. Steve, is it all about gearing up towards december now . Yeah, it is. Thats what all of the discussion is about. Before we talk about the fed i want to talk about new data. We got some advanced trade data ....
Coming up, well tell you whats behind the crude comeback. Thats coming up in just a moment here. Janet yellen and the fed leaving rates unchanged for now, but a warning that a hike could come in december. Well look at the impact that theyre having. Meanwhile, hes at it again. Carl icahn revealing hes taken a large stake in insurance giant aig and hes urging the company to split into not two, but three separate companies. We have the latest details on that. The stock has been up about 4 or 5 in todays trade. Lets begin with todays spike in crude oil. Jackie deangeles, back about 45. Good afternoon to you. This was a move that took a lot of traders by surprise. Let me break down what happened for you. The session low, 43. 06. You can see this incredible range that we went through today. The rebound in part was due to the fact that there was some selling pressure in the last three sessions. Not really enough conviction to take us down to 40 as some were predicting. Ahead of the fed this m ....