Itunes, icloud, ieverything, music, tv, Apple Services business, it is on fire. Ceo tim cook tells our jim cramer where he sees growth in the next three years. Its staggering. Power lunch, im going to stagger back to the lunch. It starts right now. Welcome to power lunch. Volatile session today, major averages are lower but the dow just bouncing back within triple digit losses. It could be oils plunge that really helped to send the markets lower. Take a look at the picture in crude oil down by 4. 3 . Tyler mentioned five month lows. The sector following suit. Fitbit soaring about 13 after posting a smaller than expected loss. Anheuserbusch up 5 and beezer homes up more than 10 on its strong earnings report. Bob is on the floor of the New York Stock Exchange with more. Hey, bob. Hello, melissa. This is largely a commodity story. A lot to like about stocks right now, but we talked this morning about the fact that theres a couple flies in the ointments that can make things messier. That i
Our road map begins with the retail surprise. Best buy, sears, Williams Sonoma, all with earnings beat. Shares of best buy are surging. And Mickey Drexler is explaining how the j crew market missed the tech revolution. The s p is on track for another fresh record close. Opec agrees on the cut extension and oil is down. A lot of news on the retail front. Best buy is up, helped by an unexpected increase in u. S. Comps. Williams sonoma is out with better than expected guidance and earnings beat and then sears coming in above forecast. Although sales continue to slump. Its not often, jim, an 11. 9 decline in comp is actually above expectations. Yeah. Look, sears is a big short squeeze whenever it goes up and people realize well, wait a second. Even when they keep selling Closing Stores the existing stores have bad numbers. These are terminal numbers. I mean, i wont tell you that maybe you can close all of the stores and see the stock go up. But i have never i mean, there has never been a r
Not . So, i mean, spot on. But progressive caucus is looking for partnership and were so proud to be working with six and we want to do nothing but work more and more with six. On the progressive caucus front, the thing is, when you have like nancy pelosi is a progressive, so, right now, you know, we basically go to nancy and say, nancy, if you really want to push on this issue, we got you. And shes like, awesome. Now, we may, if we had a conservative leadership . Well, then we would still have to say, look, you got 72 people in this caucus who dont think that what we need to do, you know, we dont actually believe rich people dont have enough money and poor people have too much. So, were not going to help you cut foot stamps. At the end of f the day, every leader of every caucus that you all are in is trying to build a consensus and if you and if were organizeded within your caucus, you create a gravitational pull in the other direction. Dont yall remember the days when you know, there
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