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Apple. Josh lipton has the latest reporter apple says the stock split is to make the stock more accessible to a broad base of investors iphone revenue is blowing past expectations 26. 4 billion. I did have the chance to catch up with apples ceo tim cook we talked about those iphone demand trends and the mix in the quarter. Cook telling me iphone 11 is the most popular iphone and we had a great launch, he says, on iphone se during the quarter. It was also very strong, an uptick in switchers, meaning android switchers, that we were happy to see and the iphone se is clearly helping with that i asked cook about those broader work from home trends, how is that benefiting apples products and services during the quarter. Cook says it definitely is, it definitely has boosted, cook saying, mac and ipad, we see those picking up for productivity weve son several school buys of ipads. We have the strongest lineup in both mac and ipads than weve ever had, a combination of those coming together at t ....
President is pressuring states to reopen to stop the economic free fall with one fed official talking about a potential depression. Well have the latest from washington coming up in just a moment. The Supreme Court taking up trumps attempt to keep his tax returns private. Trump attorney jenna ellis gives us her take on the Supreme Courts move today . Stocks are mixed as you can see right now. Questions do remain about the reopening that is happening across the country and also the issue of china. Maybe that virus is it going to come back . We never know. All of that coming up right now. Cheryl well, for the First Time Ever dr. Anthony fauci testifying before the Senate Health committee with the heads of the cdc and the if. Da on reopening america. It was virtual heari ....
With the Union Bank Private Bank stocks, as you know, continuing to stage their rebound many of the big names recovering a good prgs of their losses. Pete, i will start right there apple because down more than 5 on monday. Today back over 202. Nike was down 2. 5 on monday its up five since then. Yeah, we talk about the rotations all the time the rotations used to take weeks. Then it was a week then it was days now its intraday. Look where apple and microsoft and a lot of these various different Tech Companies were trading before this flip into this move to the upside. Absolutely extraordinary i am going to bring this up. Lee cooperman brought to up last week he talked with algorithms and uptick rule. Those two elements are a big part of this market. I am saying the algorithms even to the upside, not just to the downside, but the upside showed up yesterday when we lef ....
Because he kind of got this ball rolling. Earlier on we got stocks hitting new highs as earnings season kicks off. Iting still very early. 5 of the s p 500 companies have reported. Of never less in small pool of names. They handily beat expectations. They were after cheted down. You know how they. Fbn ams lauren lawyer simonetti. Ceo jamie dimon said this, we continue to see positive mope momentum with the u. S. Consumers. Rising wages reflected in our consumer and banking results. The banks credit card sales that division saw doubledigit growth. That stock is up today. Different picture at goldman sachs. Stock trading revenue rose, highest level in four years by the way. Goldman has been investing in the trading technologies, algorithms, but the effort to bulge up the consumer fell short. The stock is up 1. 1 . Johnson johnson down 1 1 2 now. The Company Raised its Sales Forecas ....
Asia. Rishaad we saw some tailwinds in the asiapacific, and it does it stop here . That question after asian stocks had their best week in six months. At what isa look going on here. Equities at record highs, but analysts seeing earnings season providing a further boost. Is essentially earnings per share coming through, and they are Getting Better and better. Companies had their profit estimates lifted by an average by analysts. Sts here for the rally to be sustained. Haidi whether this sentiment story or the fundamentals, it looks like earnings season looking buoyant as that gets underway. It is a big event risk week. , whether in particular that changes the narrative of the synchronize Global Growth story. China, cpi and ppi readings out of the United States after that payrolls number disappointed. Singapore, taiwan, and ....