Zinc. Apple shares under pressure with a rare disappointment for investors. Shareholders also frustrated with yahoos results and microsoft posted the largest loss ever. The story of the morning, apple with results did beat on the top and bottom line but iphone shipments lower than estimated and projecting Fourth Quarter below estimates. They didnt break out the apple watch sales as a category but they did address demand. A major highlight for the last quarter was the launch of apple watch in april. As you know weve been very excited to get this revolutionary product to customers. We started taking preorders in Nine Countries on april 10th and demand immediately exceeded supply by a large margin. As i look at all of these things, we felt really great about how we did. Of course the apple watch is fun to talk about but the phone metric is key. 47. 5. Best Third Quarter growth ever. Are we to believe the quarter hinges on if it can hold 119. I think there are many issues involved with app
Lets see where we are on that. 1. 977. Geez. Thats the worst performing asset. Japans tenyear yield because you didnt ask. Theres wti. Of course, the deth th the key market lets get to our roadmap this morning. It starts with politics. Big nights for Hillary Clinton and donald trump. Senator rubio drops out. A new political football. A Supreme Court pick is coming this morning from president obama. Confidence valeants stock cut in half. A very bad day for ackman, sequoia. Chipotle falling again. The sales were worse in february and the company sees a loss in the First Quarter. Were certainly going to hear from jim on that one. First were hours away from the feds latest Interest Rate decision. Policy makers expect to hold steady this time around. The decision will come at 2 00 p. M. Eastern. Fed chair Janet Yellens News Conference will begin 30 minutes later. Of course, you saw steve laceman on squawk box. You know, i looked at. Peter put a note out this morning. He comes on with san te
Watch the tenyear, near 2. 3 now. Fedex does miss expectations, cuts guidance. Shares are down sharply in the premarket. Well have a cnbc exclusive with hewlettpackards meg whitman. And the stage is set for what could end in the merger of the worlds two biggest beermakers. First up, so much going on one day after that rally on wall street. The fed kicking off that twoday meeting today with a decision on rates due tomorrow. Possibly the first rate hike in about nine years. One barometer of the economy, fedex missing with Quarterly Earnings and cutting its full year guidance. Sabmiller receiving a takeover approach from Anheuser Busch inbev. You have been busy. This is not something we have been unaware of. Many of us have been chasing it so a certain extent. Well get into more detail later, that Anheuser Busch, they did not want this to leak out the way it did. The time clock has started under uk takeover law. They have 28 days to make an offer. There is financing, the family which owns
And nearly tripling the Funds Available under the program. This all part of an attempt to bring down financing costs. Pay attention to brazil at this hour. About 7 00 eastern time thats when the central bank there is expected to hike rates again as inflation surges. Well watch them when we get to 7 00. The adp report is due at 8 00 a. M. Eastern. Its supposed to show the economy added 215 private jobs last month and theres a lot of fed speak on the docket today. Well hear from the president of the chicago, kansas city dallas and new york fed branches branches. In washington theyll start to consider obamacare. Focus is on how to determine the law. It allows premiums to be subsidized in states that set up exchanges. If the court agrees the money wont be allowed to go to residents and states using a federally operated exchange and theres an interesting piece in the New York Times today that so much posturing but that the Obama Administration at this point is saying theres no way if theres
Eastern time, italian unemployment 37year high and more signs of euro zone reflation. Shopper trak out with the first wide scale read on the Holiday Shopping season and its a mixed picture for november and december, instore foot traffic at the nations retailers fell 14. 6 compared to the year prior but instore sales grew at 2. 7 . Slightly hopper than what shoppertrak had forecast. The main reason for the traffic plunge they say is that. Shoers are making fewer store visits than in the past because most window shopping and browsing is done online ahead of time, so the shoppers that are making the Shopping Trips are going with intended purchases in mind. Black friday was indeed the strongest day for brick and mortar retailers both for sales and traffic. Then there was a large lull until the lastminute panic kicked in. The week ending december 28th accounted for four of the top ten sales and traffic days for the entire Holiday Season. When it comes to categories shoppertrak says electron