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China. Of course, we are going to get that 9 30 a. M. Press conference. Stocks as you saw look to higher look to a higher open. Dont worry about china iphone weakness why one key Analyst Thinks apples china woes are overblown. And two big tech names are moving in opposite directions. Oracle is falling on a revenue miss adobe rallying on an earnings beat we got broadcom to get to, costco, number of earnings this morning. Lets start with the Broader Market investors are trying to digest conflicti ining headlines. The Chinese Commerce ministry set to hold a News Conference half an hour from now. And, jim, we dont have a heads up in terms of what theyre going to discuss whether or not were going to learn about their view as in, yes, were all in or not. Kayla tausche ....
Halting max production plus, iff is merging with duponts biosciences and nutrition unit it is a deal that will create a new consumer giant valued at more than 45 billion. Iff ceo and duponts executive chairman will be joining us to discuss the deal in just a few minutes. And record rally, the iss p and nasdaq new highs lets start with boeing, moving lower in the premarket, the journal is among those reporting that the company is considering suspending or cutting production of the 737 max. In response to the story, boeing issued a statement to cnbc saying it would continue to assess production decisions based on the timing and conditions of a return to service for the max. And as we know, guys, faa last week through cold water on that return happening before year end. Right i think that this is something that some people say it is a foregone conclusion. And that the reason why you didnt see this before was that the way that accounting works, something i think a great cfo would understan ....
Thats why youre here. Cant find anyone. We have one guy left. Simeon. Is he bullish . He will be on. Already talked to him. One of the things hes saying is even if if there is a stumble in some of this stuff, market already deserves to be here, which is what i think. I think so, too. In terms of tax policy or that stuff is a bonus. Just not having the private sector vilified on a daily basis, not adding a new regulation, layering on a new regulation every day. When you take that off, its going to come back to a more normal level. Im with you. I think i know you are. The multiples are getting a little stretched, but Interest Rates, you know, stock prices are a function of earnings and Interest Rates. Interest rates are historically low still at 2. 5 roughly. Youre the one who coined t. I. N. A. I have. There is no alternative. And we have other things to talk about which in part ....
Today. Road map begins with apple. Shares falling after that first revenue decline for a year since 2001, but its cash hoard swells to a new record. Cocacolas poised to open higher, this after a quarterly beat. North america showed signs of strength, and that did offset sales weakness abroad. And shares of chipotle and panera going in opposite directions, both reporting earnings. Were going to break down those numbers. But first, apple shares falling. Quarterly earnings did beat consensus but profit and rove knew fell for third consecutive quarter as apple sold fewer iphones than a year ago. Apple is banking on iphone 7 to boost holiday quarter. And on last nights Conference Call tim cook talked about prospects for growth in china. Its very hard to gauge demand, as you know, when youre selling everything youre making. And so well find out more through the quarter, but were confident enough to give you guys guidance that were retu ....