Traders are diving in. Later, its the Stream Network that has more viewers than hbo, cnn, netflix and hulu. The ceo of amazons twitch is here to explain how its dominati dominating the streaming space United Airlines stocks sinking 10 , the worst in two years. Oscar munoz comments spooked investors. Phil lebeau spoke to him earlier today on squawk box. Hi, phil reporter melissa, two things killed united today, lack of clarity on what to expect next year, and the second are the comments of oscar munoz starting with us on squawk box regarding how far of a whole united is in relative to its competitors. I think the last few years, united dug itself a bit of a whole competitively. For us to dig ourselves out of that hole, well have to take a level of risk with regards to how we grow, where we grow, the type of investments that we make its a deep hole we have to dig ourselves out of were doing the right things for the long term. Reporter but they didnt give a whole lot of clarity on the Con
Moments ago. Josh, nice pictures of that first customer in line actually, a bunch of customers getting a handshake from cook on their way in thats right, guys. You can see the store here is opening right now in downtown palo alto. Youre looking there at apple ceo tim cook was here greeting the crowd, greeting the first customers. This has become a real tradition at this store. Cook is often here, welcoming the first customers looking, of course, to buy the new iphone x. Apple, remember, calls the phone the future of the smartphone and call the edgetoedge display, wireless charging, facial Recognition Technology in fact, we caught up to the first guy in line at the store and hes been here since tuesday night waiting to get his hands on this phone, and it was face i. D. , that was the feature he was most excited about of course, the starting price for this phone, 999 apple told walkin customers they could come and pick up the phone, but remember, they caution people, listen, you better a
Good tuesday morning. Welcome to squawk alley, joining me is jon fortt and sara eisen. Also joining me walter eisen and a lot to get to with walt this morning. Among it, apple, as berkshires Warren Buffett nearly triples his stake in the company to more than 19 billion. Stock hit yet another alltime high this morning. Walter, lets take a quick listen to what buffet said amid all of his mea culpas of miss in amazon and missing alphabet why he is increasing his stake in apple. The shares when we bought them were much more reasonable in relation to current earnings. Apple didnt have to do a lot better in the future than they were doing at the current time. When you get into a google or amazon, you are paying for the future more. The future may be more than justified. So, walter, here we have a very smart man who laments missing a big chapter in tech, doubling down on this one. What does that tell us . Well, it tells us that apple is a very secure, stable, good company because Warren Buffe
Well, after the 24th record high of the year, the Dow Jones Industrial average will open a little higher as of this morning. Up about 10, maybe 15 points, about 28 minutes from now. Now, a couple of big banks have reported their profits this morning, citi, j. P. Morgan, wells fargo. First of all, lets go to the Bank Earnings, bearing in mind that the bank analyst, dick bove on the program said that Bank Earnings will be bad and the end of the trump rally. Liz dick bove is really, really smart, impressive. Long growth came in pretty strong for the banks. Certainly, wells fargo, seeing decent profit numbers coming in and citigroup, j. P. Morgan as well. Now, the trading desk has been a problem for the banks because theres low volatility. When theres low volatility. Cant make money off the trades, but the numbers are coming in strong for the free ban three trades. That means were not going to see the end of the trump rally bearing in mind the Bank Earnings reports from last hour. Liz that
The ting jay y. Lee as investigation into south koreas scandal looks to iden to other conglomerates. Takata surges in tokyo after maker ubled airbag settles on a billion Dollar Settlement in the u. S. And with trade data from china will the implications of presidency be reaching. Examining reaction to at whats ng going on as far as the yuan goes, were still about 29 inutes away from the start of trading here in Hong Kong China a mixed picture when it comes to whats happened so far. Who is ve look at coming online and how they are changing the narrative. Malaysia, all starting their session. Kick off with in thegoing on, currency space given that a dollar is showing weekly loss. Fed chair yellen bolster the case of tightening policy. Traders tell us that funds overnight low to further unwind dollar ong positions and that laernl exporters are seen elling the yuan keeping below the 1,200 yuan level koreafter the bank of held its rate at 1. 25 , as largely expected. We do have gold steady