Josh lipton will cover apple for us josh, what are you looking for kelly, here is what the streets going to be looking for from tim Cooks Company after the close here earnings per share of 3. 86. That will be on revenue of about 87. 28 billion that will represent gains of 15 and 11 . Iphone units, 80 million with an average selling price of 756. Key metric for investors, march revenue guidance, the street expecting 65 billion, meaning a jump of 24 . Apple stock is about 7 off that recent high we saw of 180 in midjanuary on concerns of demand for the iphone x. Though, there are some apple suppliers who are probably saying some of these reports we were hearing about steep Production Cuts were actually overstated we should soon have a better idea guys, back to you. Josh, how key is the china number particularly when it comes to the iphone . It is very key, wilfred we have a debate there are some including bulls at morgan stanley, theyre very bullish on apples business in china. We saw the
Streak as the tenyear pulls back from highs. Bob pisani here at the nyse. Lets start with you. Listening to this lovely music. Im 12 years old again another thing about today, selloff in the middle of the day. Three days in a row this is happening. Up 350, cut essentially in half. The market started very strong in fact, the cyclicals were the story. Looked like early january. What i mean by cyclicals, growth names. United technologies up 3 . Thats moving the dow up 30 points boeing was much stronger earlier in the day still up but a classical cyclical name. Lets show you 3m. These are all dow components, cyclical stocks, all of them, up 1. 5 , 30 points. This was 237, 238 and now back to 235 caterpillar up 2 , fourpoint gain another 30 points. This was almost 160 just a couple minutes ago finally, one group that hasnt been doing that well today, the bank stocks. Goldman sachs, all the big bank names are down fractionally. Even though there hasnt been huge moves in the tenyear you cant
Missed earnings forecast amid unfavorable currency moves and shrinking margins. John lewis rings in a record Christmas Season, but the cfo resigns following a profit warning earlier in the week. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. And a warm welcome to the first Worldwide Exchange of 2014. We kick off the data out of the eurozone. Manufacturing pmi, 52. 7. That was in line with the flash number a few weeks ago. It is the highest since may 2 1 2011. We did see producers reporting further growth of new orders, exports and backlogs of work says market for a good 2014 which compiled the pmi. The one concern will be france, struggling italy and spain showing signs of a brighter year ahead. The recovery may be held up by a sickly french manufacturing base. France has been back in recession. Well have to see whether that was the case in the Fourth Quarter or not. Nevertheless, european stocks just over an hour into trade in the new ye