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Blockchain is shaking things up at oldschool giants. Inis now creating new life the stalwarts like ibm and oracle. Betty david, bitcoin was up, apple down, right . You saw some of that in asia yesterday, the apple suppliers getting hit on speculation about the numbers coming in far short of forecasts, in fact to 10 million shorter than what some analysts had predicted. I want to pull up a chart that you are familiar with. This is a 254. It shows you the Revenue Breakdown 8254. It shows you the Revenue Breakdown by segment and shows you how important the iphone revenue is to apple, but that decline we have seen a bit worrisome. This replenishment cycle really going to turn out to be the way apple believes it will be with the iphone x come or is 1000 the breaking point . David that is a lot of money for a handset. Betty yeah. David you look at these numbers and forecasts, ....
You have confident consumers. You have consumers that are spending. Now they have got even more reason to be optimistic with tax reform and i think you say see a bump here. As you know a lot of our media brethren were telling people how this tax deal was so terrible and essentially only the Koch Brothers will benefit. Now that it is enacted people see you get tax cuts across the income ladder. I think that could be another driver for more optimism. David cabot, before we jump right into politics as james wanted us to, we tend to focus always on amazon and online stores. Incredible thing about this, this is still the stores that people walked into. Real Stores People walked into that led this growth. I dont think that will be a long term thing. I think amazon will continue to take over that space but david their growth is much greater than the growth of stores. Exactly. It is in ....
About trading in private venues. Two figures joined the race to be deputy fed chair. We have the low down and their cvs. Betty it looks like a second month of disappointing industrial numbers from south month. Up. 2 month on expectations were for a rebound from that is small prior month in october. The expectation was again of 1. 3 . Also a decline of 1. 6 year on year, worse than the no change expected by economists. Ands. Saw huge plunge factory output distorted by the holidays in south korea. The expectation was there might be a rebound from those numbers. It looks like there was, but still not what economists had expected. We know these numbers are choppy, but the chip boom and auto exports, that has been expected to help industrial output numbers, but looks like not quite what economists had hoped for or predicted. Again, a lower than estimated numbers, up to 2 month on month. In the u. S. , we saw markets edging higher at the close. Changing nasdaq barely , the dow adding 30 poin ....
Art laffer on what this can be done to correct this. The fda is under fire for its handling of food recalls. What the agency is accused of doing. Were fourdays away from new years eve. New york city is bracing for unprecedented security and record low temperatures. What is being done to prepare for the nations largest celebration. Leah . Lea dow making a turn around this afternoon. Inching closer to 25,000. Gerri willis on the floor of the new york stock exchange. Gerri, what are the traders saying. Lea, were down with the traders and they are optimistic. The dow closed up 27 points. Back and forth all day long, finally ending in the green for the dow. Winners in the dow, visa, mcdonalds, amex, unitedhealth. Variety of industries there, broad improvement across the board. Other news that markets responding to, pending home sales increasing. 2 of a percent, exactly like it sound. Tells you how the Housing Market will be in future w ....
President trump. The irs said, not so fast. Local governments may have to respond to millions of dollars. Laura davison. What did the irs say yesterday . If you want to prepay your taxes and get the deduction on a, the county has to assess them and you have to pay them before 2018. To prepay their taxes between christmas and new years. This deduction because you havent gotten the assessment. Those people. I saw that notice and talked to my accountant. In yonkers, they will not get those bills out. They are busy. They cant write all these bills and send them out. I cant pay it. It will create a ton of confusion just depending on where you live. A lot of people trying to get it done before the new year are stuck here thinking, shoot, i dont know what to do. David there was a bloomberg story out today about the International Last fact. They are getting, perhaps, a nasty surprise here about how this works. How does that work . It ....