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Transcripts For CNBC Closing Bell 20160726



his ideas into the democratic platform, but what impact will that have on the economy? former white house economic adviser laura tyson who served under bill clinton will join us coming up. and one thing both the republicans and democrats seem to agree on this election is breaking up the big banks and bringing back that gla glass/steagall law. we have somebody who says glass/steagall is not to blame for the financial crisis. let s start with apple s big reveal on earnings coming up in about an hour, hour and a half. josh lipton is joining us now. what is the street looking for, josh? bill, let s just start with estimates for the bottom and the top. so analysts are going to be looking for eps of $1.38 on revenue of $42.1 billion. now, that would represent drops of 25% and 15% respectively. analysts think apple sold 40 million iphones in the quarter. that would be a decline of 17% as that company deals with just tough comps and fans, of course, waiting for that new i ....

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