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
Tax reform and infrastructure plans coming to focus blake bur man has the latest from the white house for us. The president also accusing china of being caught red handed helping north korea claiming there will never be a peaceful solution to the north Korean Nuclear threat if china keeps acting the way it is. Cliff may is coming up with the analysis on the latest threat. The dow headed for its 71st record close of 2017 with one more session remaining. Dow 25,000 and it could happen maybe not today but certainly tomorrow. We are less than one hour to the closing bell on wall street. I am Lauren Lauren simonetti in for liz claman. Were at the countdown. Breaking news, softbank has successfully bought a large sake in uber the wall street journal is reporting this deal values the Ride Hailing Company at 48 billion which is about a 30 discount to its most recent valuation which was almost 70 billion. Meanwhile on wall street the dow racing to another record close again, this would be the 7
Cuts are signed, its time for americas Biggest Company to bring the billions of bucks theyre hiding overseas back home. We have an allstar guest line up including republican South Carolina congressman ralph norman and President Trump 2020 Advisory Board member bruce lave ll. Also legal attorney are all here tonight. But first politics and money weve got you covered welcome to risk reward im adam shapiro. Before we go into the first story i want to share something with you because this is breaking news and were going to address this in just a second. The house intelligence chairman nunes sent a letter to the department of justice addressing its response and requesting more documents in relation to the russia dossier. Nunes due to numerous delays and discrepancies that hampered the process of subpoena compliance the committee can no longer credit representations made by the agency, the department of justice. The doj and fbi have until january 3 to produce all outstanding records, identif
After that. This is week to 10 days worth of subfreezing temps for a lot of big cities in the east. That is very impressive. We havent seen cold like this since the polar vortex from a few years ago. David what about erie, pennsylvania . I have got to focus on one little town. Not so little if you live there. My grandmother is from eerie. Five feet so far. Theyre getting a another major snowstorm by this weekend. They could end up with 10 feet before long. It is amazing. That is what you get arctic air going over relatively warm, unfrozen waters ever the great lakes. That is why the rest of big cities in the east dont have the snow with arctic air mass. The air is too dry. You know moisture to deliver the snowfall totals. That is it what the great lakes do. I will say, david, next week, january 3rd or fourth, middle of next week. We could get gulf and atlantic moisture involved in the arctic up break, big cities on east coast have to watch for a potential big snowstorm. That is a few d
Of the month that could spell more pain. Well tell you what that is. First though, were going to start with what looks like stock heaven todays jobs numbers coming in this morning, stronger than expecteded a sign of perhaps a strengthening economy. Interest rates, they rose sharply this week, but still, theyre low. Oils hovering around 45. That keeps energy costs low for the consumer and a strong earnings season is predicted just around the corner so, is this stock heaven why isnt this rally getting more respect with all those good factors . Tim. Michelle. Welcome to the show, by the way. Stock heaven is definitely an overstatement. I think t a difficult time for stocks i would actually run in the other direction. Its not that i think the markets are in a very dapg rouse place, but were in place and you said it all week, for two weeks. Central banks are, theyre at least dimming down the lights in the party and telling you that the free money, its still going to be relatively free, but