Ann sheehan. Welcome to you all. Thank you. I think the question on everyones mind today is why apple . Of all the companies out there, why apple . Why apple apple is unquestionably a remarkable company, most valuable company in the world, and and a very responsible company, but theres no question that we need to be more responsive to childrens needs and childrens activities, and theres lots of research that has indicated that excessive usage of smartphones is damaging to kids, and so, you know, this should be an easy fix for apple. Apple, in fact, came out with a press release as you saw this morning that i was very encouraged by. They indicated that they acknowledged that theres an issue, that its an important one and that they expect to further improve their interactions, parents interactions with the kids phones. You could perhaps take their statement though as a why us maybe you guess have targeted the wrong company, that were already doing a number of these issues charlie, from m
Dow is down 28 points. S p 500 down 11. That is nearly. 5 doc, theyre selling the teches again. Banks are trying to get a bid post fed they look like they dont know which way they want to go. A lot of the teches got bids, too. Youre right they were under pressure hard today. And that selling pressure, i expected it to continue for longer than maybe 15 minutes but it didnt. I mean when you look and we didnt get we couldnt break the 50 day in, for instance, amazon and you look at the other support levels for alphabet, even on the downgrade today or facebook these broke but then they held basically right there at some key Technical Levels and we saw v shape bottom on that nerld in other words, the money did come pouring into the names. The one that caught my eye is netflix for other reasons because filling a gap, i believe. Ill talk to josh about that boy, i was impressed about this i expected, judge, there to be more of a bloodbath based on what we saw in the premarket and the early sell
Is there freedom of speech when you work for a big company not. Well debate the profits go to pot quite literally. Cnbcs marcus limonus goes inside californias market he is going to give us a sneak peek power lunch starts right now welcome, everybody, to power lunch. Im Tyler Mathisen i am never disappointed when jeff done lunlop is on fasfas one more time, the dow is at record, 22,135 on the verge of an 11day win streak and potentially its tenth Straight Record close. The s p 500 joining the party. Record interday high there up three points or. 14 check out some movers. Fibrogen, up 50 and on pace for its best daily performance ever, overwhelmingly positive Clinical Data on its lung fibrosis drug flip side, dean20 meanwhile, chipotle, lowest level in four years at 336. 50. Trouble more for chipotle. Brian . Hey, tyler, im Brian Sullivan in kenosha, wisconsin. We are here for one reason there is no state that delivered the presidency to donald j. Trump more than wisconsin did. There is
On cnbc. Im sara eisen im dominic chu in for wilfred frost this morning sara, i never heard this song before. Thats because its new music friday this is not new either i dont know escalating tensions between the u. S. And north korea remaining front and center for Global Markets a big selloff on wall street yesterday. It was the worst day for a lot of stocks since back in may. Dow futures are pointing higher, perhaps some stability in todays session. This comes after three backtoback losses for the major averages in what is a pullback officially. Dow futures flat s p down 3. 5 nasdaq fought chorutures down 2. The tech sector has been a big winner this year thats receiving some of the biggest moves down it maybe makes sense that the stocks that have had the bigger runs higher are selling off the most during the course of the last three days. We made such a big deal that we saw ten straight sessions up for the dow, then its three in a row. Today could be four. As you pointed out, stabili
Barrel, 47. 53 home depot is just out with Earnings Results are good 2. 25 a share see how the stock reacts 3 cents above revenue. Comparablestore sales, an important metric to watch, up 6. 3 the consensus was for under 5, 4. 9 so thats a significant outperformance home depot raised sales and Earnings Guidance for the fullyear. As you can see, its been a grade p great performer. If we went back any period, two, five, ten years. Very close today well see if it will trade at a new high its last earnings report, it jumped about 11 on the stronger than expected earnings, and has been flat after amazon and sears announced that deal to sell ken mother applian kenmore appliances on amazon. North koreas leader has delayed a decision on firing missiles towards guam. The country state media said kim jongun will wait to see what the United States does next. The leader made his first public appearance in about two weeks inspecting military assets and reviewing plans to fire missil s s near guam. B