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
Reform plan will further spur growth forecast for the e commerce giant and shares of ge on the move jp morgan report seize a dividend cut as increasingly likely the Company Tells us it remains a top priority historic run in the markets includes the 47th record close of the year. Weve got black rocks larry fink talking about risks in the market earlier this morning on squawk. Lets be clear, the United States deserves a premium. Our companies are stronger they are better managed over across Many Industries so i actually believe the u. S. Deserves a premium to the other markets. Not just that, jim, says he wouldnt expect to see any major reversal in equities until sometime next year. I love the guy, what can i say . Every time i talk to him and see him, he has a sense of whats going on there are moments when hes pessimistic and not like hes permable, i like what he had to say and liked his quarter. I wrote a piece this morning for real money saying its events that i cant see and north kor
Earning is the big driver today. Despite that, p g, having a positive impact on the dow. 3m is your biggest threat. Im michelle carusocabrera. Here is what else is on the menu or happening this hour. Ibms board approving Quarterly Cash Dividend of 1. 40 a share and announcing a 3 billion stock buyback program. Consumer confidence taking a big tumble in october, the conference boards number, its index falling to 98. 6. And in the meantime, home prices jumping in august to near record levels. But we begin first with what is going on here with lets get to Tyler Mathisen i see what were doing. Welcome, everyone. Tyler mathisen is with us from cnbcs net net summit at the New York Stock Exchange. Well get to him in a bit. Lets start with the outrage today over health care and your money. The average premium on the benchmark obamacare plan jumping 25 . Year over year. Dan mengin joyn mengin joins us. I see there are some states where they have risen 60 , 100 . Yeah, arizona, for example, that
Will these help or hurt the economy . With this administration it will hurt the economy. The irs is now going after the conservative groups under rule making even though it was illegal before. Epa is going after fracking and shutting down the coal industry. You see it in the Federal Reserve and other federal agencies. Their attitude is we will do the law like a third worl country and let the world clean it up later. Extra powers means extra cause for taxpayers. Lets put this in perspective. Every president has pursued an agenda. They pursued it through executive orders. Going way, way back to Ronald Reagan and his firing of the air traffic controllers. Why shouldnt obama use this to in a time when congress is in a stalemate. I think you are forgetting the positive things that come out of the executive orders. Things like aid for Hurricane Sandy victims and review of cancer drugs. Things dealing with nonuse of or pro huh business of biological agents. It is true that other president s h
Will these help or hurt the economy . With this administration it will hurt the economy. The irs is now going after the conservative groups under rule making even though it was illegal before. Epa is gng after fracking and shutting down the coal industry. You see it in the Federal Reserve and other federal agencies. Their attitude is we will do the law like a third world country and let the world clean it up later. Extra powers means extra cause for taxpayers. Lets put this in perspective. Every president has pursued an agenda. They pursued it through executive orders. Going way, way back to Ronald Reagan and his firing of the air traffic controllers. Why shouldnt obama use this tool in a time when congress is in a stalemate. I think you are forgetting the positive things that come out of the exetive orders. Things like aid for Hurricane Sandy victims and review of cancer drugs. Things dealing with nonuse of or pro huh business of biological agents. It is true that other president s ha