China. Stocks look to rally this morning on the first trading day of may inve facebooks privacy shift, facebook is rolling out its biggest facelift in five years a boost in wearables and up against guidance and the 75 billion buy back iphone sales continue to slump now only 53 of apples revenue and down from twothirds of its peak jim, you talked to jim cook last night . Yes, better and better each month or week, it continues. China is looking good. I get to talk to tim alone it is a lot of fun we were puzzling over the notion of what a subscriber apple is worth now. I am trying to get these guys to understand the narrative to get 20 times earnings, you have 390 million subscribers. How many subscription they have and you can take a look, they have 500 millions. It is a much better price. Do you remember when everybody was angry that they stop talking about the number of assets if you are going to have a Service Screen that trumps your hand set numbers, that was trumped. We paid 10 a mo
Hundreds more cancelled flights. And one giant joining the likes of nike, coin base and more with a big bet on the metaverse its tuesday, december 28th, 2021, youre watching cnbcs Worldwide Exchange. Good morning, im seema mody in for Brian Sullivan at this hour kicking off your Tuesday Morning with a look at u. S. Stock futures after stocks hit a record high yesterday. The dow up 91 points, nasdaq higher by 77 and the s p 500 also trading in positive territory. This again after a very strong start to the final week of trade for 2021 with the dow gaining some 350 points, or roughly 1 in yesterdays trade, the s p surging 1. 4 to its 69th record close of the year. The index is now up four days in a row for the First Time Since its eightday winning streak since back in early november yeartodate with s p is up 27. 5 . If it ends up more than 28. 8 , that would mark its best annual performance since 2013 not to be outdone by the nasdaq, coming off a big day, closing up more than 1. 3 for it
Earnings season boost from cisco which is at the top of the i blue chips as you can see, up 3. 5 . Shares hitting a 52 week high after cisco reported a top and bottom line beat after the bell yesterday due to its enormous market share as well as future a. I. Opportunities at the company. Investors responding, up 3. 5. Walmart also smashing earnings expectations, raising its fullyear forecast as well. The retailing giant saying that bargainhunting customers buying more grocery staples as Household Budgets remain under pressure which, of course, helped boost sales for the big box retailer. As you can see though, currently trading down 2 . Despite tight budgets, analysts pointing to resilient demand in the u. S. As one of the reasons why the 10year yield is soaring to 10month highs right now. As you can see, up 4. 309 . Investors still have concerns that hot demand could keep inflation and, therefore Interest Rates, higher for longer. Of a lot of people talking about that. Plus, initial j
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