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Than 10 down from its high two weeks ago. Should you step in and buy or get away dan . It is tough the stock closed poorly, down on its lows, down 11 from the alltime highs it made just a couple weeks ago it was one of the best stories in the market. I think whats most important to reflect on today, you can try to guess why the s p 500 sold off we know why apple sold off something fundamentally changed. A big part of that i for the last year there has been a notion there was going to be an upgrade super cycle because of the ten Year Anniversary of the iphone last nights results told you there is not going to be an upgrade super cycle. What they did was played a good trick on their most faithful customers, they raised prices on iphones and therefore the average selling prices on the phones they sold last quarter were much, much higher year over year thats fantastic for the company. Meant good margins the concern is they missed by ....
Officially speakering a correction, more than 10 down from its high two weeks ago. Should you step in and buy or get away dan . It is tough the stock closed poorly, down on its lows, down 11 from the alltime highs it made just a couple of weeks ago. It was one of the best stories in the market. I think whats most important to reflect on today, you can try to guess why the s p 500 sold off we know why apple sold off something fundamentally changed. For the last year there has been a notion there was going to be an upgrade super cycle because of the iphone x. Last nights results told you there is not going to be an upgrade super cycle. What they did was played a good trick on their most fateful customers. They raised prices, thereof sanch selling prices were much higher year over year. That is thats fantastic for the company. Meant good margins the concern is they missed by 3 million units. The channel inventory is at its highers, at 4 million. People think they are going to miss the nex ....
From its high two weeks ago. Should you step in and buy or get away dan . It is tough the stock closed poorly, down on its lows, down 11 from the alltime highs it made just a couple of weeks ago. It was one of the best stories in the market. I think whats most important to reflect on today, you can try to guess why the s p 500 sold off we know why apple sold off theres something fundamentally thats changed the big part is for the last year there has been a notion there was going to be an upgrade super cycle because of the iphone x last nights results told you there is not going to be an upgrade super cycle. What they did was played a good trick on their most fateful customers. They raised prices on iphones, therefore their asps, average selling prices, were much higher year over year thats fantastic for the company. It meant good margins. The concern is they missed by 3 million units. The channel inventory is at its highest, at 4 million. People think they are going to miss the next co ....
I am francine lacqua. Manus it is. I am manus cranny. First, the global standoff. Shares plunged the most since 2000 seven. Francine that european stocks are down in the red. Commodity prices sinking to a 16 year low. Rest ine will have the a moment. Lets get at the very latest in europe. Caroline, take it away. Caroline disaster is what one chief officers calling it. We are seeing a major selloff. Shanghai composite, check that out. Down 8. 5 . The worst since 2007 despite moves by the Chinese Government to stem the bloodshed. They are trying to support with pensions. The rumors are reserve ratio cut to the banks that did not materialize. Down goes asia and the affect on your. We are in correction territory. And the effect on europe. We are a bear market. If we close at this level, we will between 2 of our previous high. Not one single stock is rising. Concerned about Global ....
Live from bloomberg studios here in london, i am anna edwards. Lets remind you what an amazing 24 hours it has been. We still have the Chinese Market falling as we said in our headlines. Lets put that into broader context. U. S. Futures, looking ahead to where we are heading in this. Tory perhaps things looking a little bit more positive as we move towards the morning. This is what the futures tell us at this very early stage. It says what we expect to see in the u. S. Market a little bit later on. Theyre in mind that we saw some stubs some substantial selling, the dow jones closing down by 3. 6 . The s p 500 down by 3. 9 . What a roller coaster ride it has been over the last 24 hours. We saw corrections on the s p. That particular index down by 3. 9 on monday. Andes of 7 over two days at one point in the trading day, down more than 10 from their highs in may. Lets put the trading day in the u. S. In some context for you. What yes ....