Good jobs number, decent ism bob pisani has more. We are starting to break the new narrative out there that were going to have a slowdown in 2020. Remember, the recession narrative have gone away, worries of three, four, five months ago, no more. Gdp is 1 to 2 now economic numbers are starting to suggest maybe the slowdown narrative is not a good narrative any more were taking the edge off the slowdown narrative thats why things are moving up. We not only have a strong jobs market, markedly strong revisions people werent anticipating then weak manufacturing. But new orders were generally good still 49, above expectations thats what youre looking for, new orders stock market is a discounting mechanism for future stream of earnings represented by the new orders ism not getting worse, thats the key. Heres what you need to think about. What will it take to move the market higher, another 5 to 10 . Three things very important. First off, see bond yields move up more. Good sign of modest ref
Needle for investors were going to talk about weworks embattled ipo plans and play the long game, thats the white houses message for wall street on china trade stocks pointed to a muted open today. Apple is set to unveil the latest new Iphone Models and other product updates today, features on the phones might include upgraded processors, new camera functionality, the event will take place at the headquarters in california, beginning at 1 00 p. M. Eastern time jim, talking about what else we might hear about, content, some shows rolling out in the coming days i think they have some exciting tv. I want to see trailers i think people are underestimating what they have been working on. I would love to hear more credit card i think that it is too early i do think anyone with the watch, the iterations are getting very exciting. The watch sales, youll hear incredible numbers, i believe. Service revenue very strong. Not sure exactly what to say about the 11, because they have been pretty clos
Several mornings but even colder this morning. We have a freeze warning in the bay area. A lot of below freezing temperatures in the area. 42 in pacifica. Freeze warning is in areas away from the coast. The coast has a frost advisory. You want to protect pets, plants an pipes. And pipes. Sunny today. Same as all week. Sunshine by the afternoon but it is a spare the air through the weekend. And you can use mass transit. Thats the way to go. Right now, bart is on time. Lets look at the eastshore freeway. Heres 80 right at ashby and you can see traffic doing fine in both directions. No accidents on this stretch toward the bay bridge toll plaza we have just a few cars backing up in the cash lanes. Fastrak in the green 10 minutes into San Francisco connecting with 101. 680, highway 4 and 580, between205 and 680, no delays. Well check some of your Holiday Travel tips coming up. It is one of the busiest travel days of the year with christmas fast approaching. Katie nielsen is live at the San
Welcome to squawk alley. Carl and jon both have this morning off. Joining us is rekicricos he ha itting manager and author of the fore nice to have everybody here. And lets do our top story this morning. It is shares of apple and a number of its suppliers are under pressure on reports of slowing demand josh lipton, what is the problem if there really is one reporter apple investors have been counting on a waiver of iphone fans all around the world upgrading to the new iphone x, but this morning new questions about the real popularity of that device. So there are reports citing taiwans Economic Daily that apple in the First Quarter is going to cut its Sales Forecast for the 10 to just 30 Million Units. Ch and that is down from the initial plan of 50 Million Units. Apple doesnt remember Quarterly Sales targets for the x which officially went on sale back in early november apple suppliers down this morning on the report. Finisar just awarded 390 million to analysts have baeen not so bulli
This Oakland Hills will seek to bridge as a to a school for the peninsula it is still one to be hot harder than it was yesterday is what it is like right now 58 in this city we have 64 in san jose and a mix of the ultimate synthesis temper the to they would develop 9 00 tree chicanas of predicting at that point widespread 70s by the banks will have to see by noontime for sure 80s and 90s it will be a predominant makes about 100 and digging in for about 3 00 the afternoon. Michelle apon convert 100 into your survey reading the record of 95¢ a roll the 100 as well by 10 degrees and not bought 96 beat the record of 81 hey what was the biggest increase and High Temperature of 91 years in a record of 78 common will talk about what wreckers to expect for today. Darya quite on the side of the highway of highway 24 and lafayette jacket was live to the scene in fact saw the Fire Fighters roll up and now were watching the mob of after a quick look at the fire. Jackie sissel they have a control