Thousand. U. S. Infections rise more than expected. Asia, a second wave is coming. Japans biggest banks are expected to join their global counterparts in bad loan costs. They could see the highest in a decade. Take haidi lets take a look at how we are setting up our final friday session. Positively from wall street after a pretty volatile session. U. S. Stocks faltered early on when President Trump said he was not interested and did not want to speak to xi jinping about the simmering trade tensions. In the beatendown bank stocks as well as energy names gaining on account of this jump we saw in crude prices. We are setting up positivity. Futures, both in australia and hong kong, and also in japan, setting up for a higher open, sophie. Ishie President Trump ratcheting up tensions with china amid the coronavirus and trade war. This is what he said about talks with xi jinping. Pres. Trump i have a very Good Relationship but i just, right now, i do not want to speak to him. There are many t
Is this another sign that the postpandemic travel boom is running out of gas im melissa lee, this is fast money, were live at the nasdaq ma marketsite we start off with a huge slate of earnings. Apple and amazon headlining the afterhours action. Full Team Coverage on all these names. We start off with steve kovach and apples big quarter. Steve . Yeah, melissa, it is, like you said, the Third Quarter in a row of falling sales, with revenue still beating estimates, but down 1 year on year so, revenues coming in at 81. 8 billion, street was looking for 81 p . 69 billion and the eps was a bigger beat, 1. 26 versus 1. 19 expected. Iphone, slight miss, coming in at 39. 67 billion. Just a couple hundred mill short of expectations there. But the story today is going to be services. Hitting a new record of 8 year on year. Growth accelerating there, booking 21. 21 billion in revenue there. And gross margin, i want to point out the expansion there, also beating expectations, 44. 5 gross margin, a
Numbers out moments ago on the surge in ecommerce. 640 million spent online so far today, up 18 year on year we have Team Coverage with Courtney Reagan and Morgan Brennan. Courtney, to you first good morning good morning to you, carl so black friday certainly changed over the years, right, with the idea you can shop on thanksgiving day in the evening, you can shop online all the time, but its still going to be retails biggest day of the year somewhere between 30 to 60 of americans are going to shop on this black friday. Personally, i like trying things on and its really not that crowded right now, so i think weve had a good experience much easier to buy it and have it already rather than waiting for it to get here i went out last night with my dad. I like to get into the Christmas Spirit early, so as soon as thanksgiving dinner is done, yes, christmas, lets go out walmarts traffic was stronger than target, at least during the beginning of the door busters on thanksgiving day or night,
But there is a weight given to cost . Im sorry . There is a weight, there is a consideration gifsh to costs . Whenever we do regulations theres an evaluation of costs and of benefits. Okay. I guess that thats im about out of time anyway. Morgan stole some of my notes and asked some of my questions. So anyway, with that, mr. Chairman, i yield back. At this time the chair recognizes the gentleman from texas, mr. Flores. Thank you, mr. Chairman. Ms. Mccabe, thank you for joining us today. How does the market price risk . If you know something and you know what the cost is of something, it has a price. You know that price. But if you dont know something, then the price is higher because you have risk, right . Um yes, okay. In 2010 the epa, when they proposed going to 60 parts per billion, said that that would cost 90 billion. Cost the economy 90 billion. In 2014, you reduced it to 40 billion. What happened over that fouryear period to make the cost go down . So, i think what youre comparin
Then they wouldnt be waiting in the middle of the town. We all have requirements on how long we can block thank you. And just if i could, just one more question on distracted driving. Right now only one state received our funding for the distracted driving grant which we would really like to have changed. Theres a ton of money sitting there and we have an emerging problem. Thats why senator hoven and i have sponsored a bill with senator booker to change that criteria to get that money out to states for engsducation efforts. I thought id ask you, ms. Ault, whats kinds of technology . We know thats drivers are doing things they shouldnt do in the cars. A lot of them have admitted to this in sorry have as and ss ss survey surveys. Weve had more than 3,000 People Killed that we know of from distracted driving. Again, these are individuals making decisions on their own. Are there any technologies you think from the Car Companies that could be helpful with this . I can speak not from the Car