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The coronavirus takes a toll with tech leading losses. Earlier, apple cut its revenue guidance for the march quarter with the outbreak continuing to impact the iphone maker supply and demand. The coronavirus is impactful, but not permanently impactful. In other words, it is a temporary blip. On the demand side longer term for apple, i dont see any issues so that gives me a lot of confidence we will see a nice rebound when this is over. The bad news is, apple made a big bet on china. 20 of revenue, a huge part of the supply chain. If the virus isnt contained, this will continue to be a problem. In longerterm, it china and the was a u. S. Are likely to be at loggerheads. I think the virus could be a problem longer market thing. There is no better ceo to handle the current challenges then tim cook and while it is currently concerning, having him at the helm is very reassuring. It is quite hard to shift production in a number of weeks. Emily we got more reaction from the New York , United States , Ha Afon , Republic Of , Bruxelles Capitale , San Francisco , Ben Brody , Mike Mayo , Emily Chang , James Gorman , Robin Hood , Paul Allen , Bloomberg Emily , Bloomberg Brad , Bob Swan , Facebook Emily , Taylor Riggs , Takes Toll , Bad News , Tim Cook , Senior Research , Senior Research Analyst , Research Analyst , Allen Say , People Buy , Lot Companies ,
Of mismanaging funds. Coming up on afternoon sport now on afternoon live with Chetan Pathak live, all the sport. Its been a good week so far for the english clubs coming up on the sport, tottenham in the Champions League, and tonight spurs will be looking and Manchester City may have already to avenge that heavy defeat to Bayern Munich earlier qualified for the last 16 of the in the competition. Champions league, but they both have tricky away games tonight as they lverpool and chelsea secured their places in mondays look to end the group stages with a draw for the knockout stages of the Champions League. Nothing to worry about for spurs, they are already into the last 16. Win. Theyll finish runners up in th ....
All ahead for the session so far. Ten year note yield, crude oil, you ask, and we always like to answer as well, look at our ten year note yield, 1. 78. Lets get to our road map this morning, it starts with what you expect, the shopping surge, facing a condensed Holiday Season, retailers raking in a record 4. 4 billion online on thanksgiving day this is ahead of, of course, what is traditionally the busiest shopping day of the year, today. The final trading day of november and stocks pointing to a lower open on this holiday shortened session. Buffett thwarted, the oracle of omahas latest attempt to put his cash hoard to work, outed by by apollo global. We begin with retails busiest day. Courtney reagan is at the Woodbridge Center mall with what to expect this weekend as the Holiday Shopping season officially kicks o ....
Was with us, thank you to her and her guest for this live inclusion, meanwhile , less than an hour remains before the start of the inauguration ceremony of Vladimir Putin as president of the Russian Federation. As we can see from the broadcast from the halls, we are constantly broadcasting a picture from the halls of the large kremlin palace, people have already gathered, guests, of which there are a lot. Who today will become participants in this solemn event, a solemn event in fact, involved in this important event, again we are now transported to one of the halls, this time to the malachite hall of the large kremlin palace, where our colleague anton potkovenko continues to work. Yes, anton, we give you the floor, we see that you are already with the guest. Yes, colleagues, greetings, guests continue to gather here in the malachite faye before the ceremony. For two area ....