36 Burst results for "Wedbush"
Bloomberg Daybreak
Fresh update on "wedbush" discussed on Bloomberg Daybreak
"Fed in its decision coming up this week. No? It absolutely does, and you're already seeing some of the major Wall Street economists say, look, we actually are going to redo our calls. For example, Andrew hall and horse and his team over at Citigroup had the contrarian contrarian call 50 basis points on Wednesday was what they were calling for. Just this morning, they released now they are shooting for 25, essentially saying that some of the banking turmoil has perhaps had the same effect as a larger rate hike. And that's something that's shared by Bloomberg intelligence as well. Boomer account economics, I should say coming out and saying a lot of the banking terminal we've seen on both sides of the Atlantic is equivalent to about 50 basis points worth of rate hikes when it comes to the actual effect on the economy in the markets. And something that the market is pricing in as 80 basis points of rate high. So they're saying that that's perhaps an overreaction on the market side. Yeah, it puts a lot more attention on the fed decision coming up a little later this week. And it's really interesting as well. With all this focus on financials and the turmoil there, we're hearing a lot more commentary. I'm thinking about Dan Ives from Wedbush and some others playing the idea of tech stocks as a new safety play. Really interesting dynamic coming out now. Yeah, absolutely. And it's a pretty simple one there. I'm going to simplify it when the world is in crisis. You buy American and you saw that in the last couple of days, tech outperforming, treasuries, outperforming this massive move lower yields. And of course, the dollar catching a bit as well. Some of that's going to reverse post fed, but something to watch. Bloomberg radio and TV markets correspondent critic Gupta, very busy as always, even more so as we watch the fallout in the bank sector continue creating thanks as always. Just checking UBS shares once again in Zürich. They're trading lower by about 4.8% and Credit Suisse shares had been down more than 60% now down almost 60% as for stocks as a whole in this country. Futures are pointing a touch higher now with S&P futures pointing to a higher open up 6 points this morning. Karen. Nathan, it is 6 50 on Wall Street. And we turned a news and science and technology now with a
Bloomberg Radio New York
"wedbush" Discussed on Bloomberg Radio New York
"Flow a year from now. I went out and looked at four Midwest war horses, Boeing, deer, cat, and a troubled 3M and their modeled out at 27 billion. Three ten versus 27 is why everybody's focused on those four stocks, including data. I'm not saying they're not cash machines. They're cash machines. But some you've got to work out what multiple to put on some of these now. If growth is decelerating, and some of these companies are telling you the growth is decelerating, they're telling you that the good times have accelerated growth in cloud are coming to an end. They're now talking almost exclusively about AI to try and bid up their stock. We've seen that across some big names. Exactly. And you already have really high valuations, and let's go to what Jim Bianco is saying, yes, there are all these other companies that are doing incredible things aside from these 8 names. But those 8 names account for 60% of the total gains on the S&P 500 year to date. And what's important there to your point, John, is that apple's got a 26 multiple off the Bloomberg DS screen. AI, by the way, that means apple innovation. It's not what it makes. That's what I mean. Is that what chachi PJ said? Nothing. I can't even criticize you for not knowing. Slaughtered this morning. Slaughtered for not knowing the soup scene at Seinfeld. I'm just getting absolutely hammered. How can you trust this man? Where is he being? He hasn't seen the soup Nazi. I mean, it isn't, it is. Okay, but I don't get Doctor Who. Is it called Doctor Who? Yeah, delta. That's a pretty idea. It just wasn't that big in the UK. I'm on an airplane. I remember this very clearly virgin here. It's two in the morning. The guy in front of me. I can't sleep 'cause he's laughing so hard. Look over the fancy business thing. And he's watching this show called little Britain. Oh yeah. That's addicted to it. Have you seen that? I didn't know a third of the I didn't know a third of the humor. That's great. That's brilliant. No, I did. I missed that. Features right now down four tenths of 1%. Jobless claims about 18 minutes or so away. Up next on the program, we'll catch up with Dan Ives of Wedbush on these big tech names
Bloomberg Radio New York
"wedbush" Discussed on Bloomberg Radio New York
"The latest edition of the tape podcast, a conversation with Dan Ives of Wedbush securities. Dan, I know you've been dealing with this issue for all year. Your job over the years has been kind of in part educate your clients on the EV market on the opportunities on the investment opportunities. A lot of things have turned here in the last 12 months. Yeah, I mean, it's been in perfect storm. I mean, the first part was the must, Twitter, circus show driven. But this last part's been demand wars. And look, China is the hearts and lungs of the Tesla story. Competition clearly increasing within the country domestically. You're seeing price cuts in some cracks in the armor. And I think right now the big worry is you saw the price card today. What does that mean for demand? And especially what does that mean for margins? Look, my view is that they've actually have now the scale to expand margins. So they have flexibility. They get caught prices, even other four to 5%. And margin still, you know, I believe could stay relatively range bound. But it's all about the fear of the unknown. You obviously have a key earnings. You key guidance coming around the corner January 25th, and Musk is the one that started the 5 alarm fire. He is the only one that could extinguish it. Dan, if brands want to get away from the Elon Musk brand, because that's what it is, right? Do consumers want to get away from the Elon Musk brand? Well, I think brand deterioration has been issued. We've talked about it to black eye from Musk, it's a black eye for Tesla. It's a fork in the road. It's a moment of truth for Musk and it all starts Jan 25th. You guys set realistic expectations to hit. And then I believe the stock starts to correct
Bloomberg Radio New York
"wedbush" Discussed on Bloomberg Radio New York
"On the latest edition of the tape podcast, a conversation with Dan Ives of Wedbush securities. Dan, I know you've been dealing with this issue for all year. It's your job over the years has been to kind of in part educate your clients on the EV market on the opportunities on the investment opportunities. A lot of things have turned here in the last 12 months. Yeah, I mean, it's been a perfect storm. I mean, the first part was the must Twitter circus show driven. But this last part's been demand wars. And look, China is the hearts and lungs of the Tesla story. Competition clearly increasing within the country domestically. You're seeing price cuts and some cracks in the armor. And I think right now the big worry is you saw the price cut today. What does that mean for demand and especially what does that mean for margins? Look, my view is that they've actually have now the scale to expand margins. So they have flexibility. They could cut prices, even another four to 5%. And margin still, you know, I believe could stay relatively range bound. But it's all about the fear of the unknown. You obviously have a key earnings. You key guidance coming around the corner January 25th, and Musk is the one that started the 5 alarm fire. He is the only one that could extinguish it. Dan, if brands want to get away from the Elon Musk brand, because that's what it is, right? Do consumers want to get away from the Elon Musk brand? Well, I think brand deterioration has been issued. We've talked about it to black eye from Musk, it's a black eye for Tesla. It's a fork in the road. It's a moment of truth for Musk and it all starts Jan 25th. You guys sent re was expectations to hit. And then I believe the stock starts to correct
Bloomberg Radio New York
"wedbush" Discussed on Bloomberg Radio New York
"Bloomberg radio on demand and in your podcast feed. On the latest edition of the tape podcast, a conversation with Dan Ives of Wedbush securities. Dan, I know you've been dealing with this issue for all year. It's your job over the years has been kind of in part educate your clients on the EV market on the opportunities on the investment opportunities. A lot of things have turned here in the last 12 months. Yeah, I mean, it's been a perfect storm. I mean, the first part was the must Twitter circus show driven. But this last part's been demand wars. And look, China is the hearts and lungs of the Tesla story. Competition clearly increasing within the country domestically. You're seeing price cuts and some cracks in the armor. And I think right now the big worry is you saw the price card today. What does that mean for demand and especially what does that mean for margins? Look, my view is that they've actually have now the scale to expand margins. So they have flexibility. They get caught prices, even other four to 5%. And margin still, you know, I believe could stay relatively range bound. But it's all about the fear of the unknown. You obviously have a key earnings. You key guidance coming around the corner January 25th, and Musk is the one that started the 5 alarm fire. He is the only one that takes distinguish it. Dan, if brands want to get away from the Elon Musk brand, because that's what it is, right? Do consumers want to get away from the Elon Musk brand? Well, I think brand deterioration has been issued. We've talked about it to black eye from Musk, it's a black eye for Tesla. It's a fork in the road. It's a moment of truth for Musk and it all starts Jan 25th. You guys set realistic expectations to hit. And then I believe the stock starts to
Bloomberg Radio New York
"wedbush" Discussed on Bloomberg Radio New York
"On demand and in your podcast feed. On the latest edition of the tape podcast, a conversation with Dan Ives of Wedbush securities. Dan, I know you've been dealing with this issue for all year. It's your job over the years has been to kind of in part educate your clients on the EV market on the opportunities on the investment opportunities. A lot of things have turned here in the last 12 months. Yeah, I mean, it's been a perfect storm. I mean, the first part was the must, Twitter, circus show driven. But this last part's been demand wars. And look, China is the hearts and lungs of the Tesla story. Competition clearly increasing within the country domestically. You're seeing price cuts and some cracks in the armor. And I think right now the big worry is you saw the price card today. What does that mean for demand and especially what does that mean for margins? Look, my view is that they've actually have now the scale to expand margins. So they have flexibility. They get caught prices, even other four to 5%. And margin still, you know, I believe could stay relatively range bound. But it's all about the fear of the unknown. You obviously have a key earnings. You key guidance coming around the corner January 25th, and Musk is the one that started the 5 alarm fire. He is the only one that could extinguish it. Dan, if brands want to get away from the Elon Musk brand, because that's what it is, right? Do consumers want to get away from the Elon Musk brand? Well, I think brand deterioration has been issued. We've talked about it to black eye from Musk, it's a black eye for Tesla. It's a fork in the road. It's a moment of truth for Musk and it all starts Jan 25th. You guys set realistic expectations to hit. And then I believe the stock starts
Bloomberg Radio New York
"wedbush" Discussed on Bloomberg Radio New York
"Demand and in your podcast feed. On the latest edition of the tape podcast, a conversation with Dan Ives of Wedbush securities. Dan, I know you've been dealing with this issue for all year. It's your job over the years has been to kind of in part educate your clients on the EV market on the opportunities on the investment opportunities. A lot of things have turned here in the last 12 months. Yeah, I mean, it's been a perfect storm. I mean, the first part was the must Twitter circus show driven. But this last part's been demand wars. And look, China is the hearts and lungs of the Tesla story. Competition clearly increasing within the country domestically. You're seeing price cuts and some cracks in the armor. And I think right now the big worry is you saw the price cut today. What does that mean for demand and especially what does that mean for margins? Look, my view is that they've actually have now the scale to expand margins. So they have flexibility. They get caught prices. Even another four to 5% and margin still, you know, I believe could stay relatively range bound. But it's all about the fear of the unknown. You obviously have a key earnings. The key guidance coming around the corner January 25th, and Musk is the one that started the 5 alarm fire. He is the only one that takes extinguish it. Dan, if brands want to get away from the Elon Musk brand, because that's what it is, right? Do consumers want to get away from the Elon Musk brand? Well, I think brand deterioration has been issued. We've talked about to black eye from Musk, it's a black eye for Tesla. It's a fork in the road. It's a moment of truth for Musk and it all starts Jan 25th. You got to set realistic expectations to hit. And then I believe the stock starts to correct
Bloomberg Radio New York
"wedbush" Discussed on Bloomberg Radio New York
"Feed. On the latest edition of the tape podcast, a conversation with Dan Ives, a Wedbush securities. Dan, I know you've been dealing with this issue for all year. It's your job over the years has been kind of in part educate your clients on the EV market on the opportunities on the investment opportunities. A lot of things have turned here in the last 12 months. Yeah, I mean, it's been a perfect storm. I mean, the first part was the must, Twitter, circus show driven. But this last part's been demand wars. And look, China is the hearts and lungs of the Tesla story. Competition clearly increasing within the country domestically. You're seeing price cuts and some cracks in the armor. And I think right now the big worry is you saw the price card today. What does that mean for demand? And especially what does that mean for margins? Look, my view is that they've actually have now the scale to expand margins. So they have flexibility. They get caught prices, even other four to 5%. And margin still, you know, I believe could stay relatively range bound. But it's all about the fear of the unknown. You obviously have a key earnings. You key guidance coming around the corner January 25th, and Musk is the one that started the 5 alarm fire. He is the only one that could extinguish it. Dan, if brands want to get away from the Elon Musk brand, because that's what it is, right? Do consumers want to get away from the Elon Musk brand? Well, I think brand deterioration has been issued. We've talked about to black eye from Musk, it's a black eye for Tesla. It's a fork in the road. It's a moment of truth for Musk and it all starts Jan 25th. You got to set realistic expectations to hit. And then I believe
Mac OS Ken
"wedbush" Discussed on Mac OS Ken
"The 3rd of January, apple's market valuation stood at $1.99 trillion 24 hours later. It was 2.01 trillion. It's almost like it barely moved. One of the most bullish Apple bulls has reassessed the climb, Apple three ran part of a note from Wedbush analyst Daniel Ives on Wednesday, wherein he cut his price target on Apple shares in a pretty big way. Not as rating on the company. He is still into it. But Apple is currently trading around $126 as price target had been 200 and that is a steep climb in 12 months. Especially it seems the 12 months ahead. Quoting his note with the fears of a softer holiday December quarter around the corner on China supply chain shortages. The street continues to sell off the stock in an unabated fashion with worries around an uncertain 2023 ahead for coopertino. Our Asia supply chain checks are clearly mixed, heading into the next few quarters and Cupertino appears to be cutting back on some orders around max, iPads, and AirPods over the coming quarters to reflect a softer consumer backdrop. Not that all of the news is bad. iPhone 14 pro demand appears to be more stable than feared in his estimation. That said, he sees potential weakness for iPhone overall, pointing to the perceived strikeout that is the iPhone 14 plus. Honestly, his note is kind of all over the place. He's worried about the sell off and consumer strength. At the same time, he says he and his believe, the overall demand environment is more resilient than the street is anticipating, they also believe the massive amount of bad news ahead is already baked into the stock. He really didn't want to change his price target, it seems, and yet quoting his note again on a sum of the parts
Mac OS Ken
"wedbush" Discussed on Mac OS Ken
"That never happened according to Elon Musk. Because remember, despite senator hawley's assertion that reports indicated Apple might pull Twitter from the App Store, it was actually just a thing that Musk tweeted flash forward to Wednesday when Elon Musk posted a video to Twitter of a reflecting pool at Apple Park, Musk wasn't in it. Apple CEO Tim Cook wasn't in it. And yet it was accompanied by the message. Thanks at Tim Cook for taking me around apple's beautiful headquarters. Personally, I figured the meeting between the two never happened, though daring fireballs, John Gruber actually had the meeting confirmed by some insider, a little bird told me cook was walking around campus with Musk reads part of Gruber's confirmation. Not much later at around 3 p.m. on the West Coast, Musk tweeted good conversation among other things we resolved the misunderstanding about Twitter potentially being removed from the App Store, Tim was clear that Apple never considered doing that. That prompted Wedbush analyst Daniel Ives to tweet good to see Musk and cook patch things up and resolve any issues a step forward for both Musk and Cupertino looking ahead and no more issues that appears. And that prompted me to pound one time hard on my keyboard and start day drinking. Also, Tim Cook is now following Elon Musk on Twitter. And that prompted me to have another. More news in a moment, but first a word from today's sponsor, rocket money. Do you have any idea how many subscriptions do you have running currently? And how much they are costing you each month, maybe you do. There's a good chance you don't. If you want to get a handle on them, see how many you've got and what you can do without there's rocket money. Formerly known
TIME's Top Stories
"wedbush" Discussed on TIME's Top Stories
"Of recent disappointing results from the biggest names in tech, including alphabet Microsoft, meta and Amazon, rattled investors about the industry's outlook. As tech stocks continued to take a beating this week, Wall Street analysts warn that could be bad news for the broader economy, as lackluster earnings results likely signal that inflation and high interest rates are squeezing households and businesses more than expected. The latest slump adds to an already disappointing year for tech stocks, which were some of the biggest winners during the early stages of the pandemic. The tech heavy NASDAQ has lost almost 30% of its value this year compared with the S&P 500s 19% decline since the beginning of 2022. The NASDAQ's tumble was hastened late last week by week third quarter earnings from Alphabet, Microsoft, meta and Amazon, all industry heavyweights that financial analysts often look to when assessing the economy's outlook. This quarter's earnings season will go down in the history books as one of big tech's worst and could be a fork in the road moment for some of the biggest companies, wrote Wedbush securities analyst Dan Ives in a recent research node. In this softer macro and recession likely on the doorstep. Big tech management teams need to quickly adjust to a much different backdrop or risk losing its luster for investors that have bet on these tech thoroughbreds for the past decade, he said. Among big tech companies, Apple has been an outlier of late. Its shares are down nearly 16% since the start of the year, but in the last month, it's stock prices up more than 7%. Thanks in large part to an increase in Mac sales and growing revenue. Analysts say apple is in better shape than its big tech peers since demand for its products remains high around the world, even in emerging markets, despite a decline in global sales for smartphones and PCs. This week, analysts will turn their attention to a host of smaller tech companies, including Airbnb, eBay, Qualcomm, PayPal, Uber, and Zillow, for a deeper reading of the economic forecast.
Bloomberg Radio New York
"wedbush" Discussed on Bloomberg Radio New York
"Number two. Awesome. That's good stuff. All right, we're gonna take a look at all that tech stuff and some more earnings coming up. But first, let's go to John Tucker. Let's get a Bloomberg business financial kick this thing off. All right, Paul, let's start with housing numbers and we are seeing stocks immediately react to this, the major index is shaving some of the earlier losses. This is new home sales coming in way better than we had expected. We are looking for a 15.3% month over month drop in new home sales coming in at down 10.9%, and 603,000 new homes sold at compares with the analyst estimate for 580,000, so there you go. This also comes as we got news that the 30 year mortgage now tops 7%. Dow Jones Industrial Average 150 points higher right now that's up about half a percent trimming losses in the S&P 500 down 12 right now as down three tenths of a percent. Of course, the big story has been, the mega tech earnings, the tech heavy NASDAQ 100 still down 169 points as the decline of one and a half percent. Microsoft among the most active down 7 and a half percent. Analysts Dan Ives at Wedbush security says the sell off at Microsoft shares in his opinion an overreaction to the disappointing earnings report. Yes. So I've used this as really a rough patch that they're ultimately just ripped the band aid off. They reset expectations. I think if you look at cloud, that continues to be the core growth driver. That's what's going to get them. Can you just storm? About a quarter of S&P 500 companies have reported their third quarter results more than two thirds beating, analysts estimates, despite the big tech setback, a concern also has been mounting slowing output will then corporate profits in coming months. But again, the big surprise that's on the housing front this morning. We check the markets for you every 15 minutes during the training day right here on Bloomberg radio. I'm John Tucker, and that is your Bloomberg business flash. Boom. Hi, John. Thanks so much
Bloomberg Radio New York
"wedbush" Discussed on Bloomberg Radio New York
"Was elected president. I'm Brian shook. And I'm Charlie pellet. At Bloomberg world headquarters, stocks came roaring back with the best month for the S&P 500 Index since 2020. For the week, the S&P 500 Index was up by 4.3% after solid earnings from tech mega caps, beat occur as co head of investment strategies that Bernstein private wealth management. We have to remember that the market already priced in a lot of damage. And I think that's what keeps individual investors going. Really thinking about what is the equity market look like from here. Bernstein saw another up week for the S&P 500 Index to in a row, Matt Peron is managing director at Janice Anderson. You know, we look at it as somewhat of a relief rally. We wouldn't necessarily call it a dead cat balance. We think that the market will eventually find its footing. But this recent balance is probably because, hey, earnings weren't as bad as feared, right? We've been focused on inflation numbers on the multiple. And now we got to focus on earnings. People thought this would be the earnings season where we managed to have to cut and slash even their earnings estimates. And that hasn't been the case. Matt Peron of janus Anderson. Apple rallied today after earnings, Dan Ives is an analyst with web bush securities. I think China was the shocker down only 1% given the shutdowns. I mean, that was really surprising to the street. And I think it just shows that demand story holding up really globally. Dan Ives of Wedbush Apple today up 3.3% the tech stand out by far though, Amazon.com up 10.4%. S&P up 57 a gain of 1.4% that now up 315 up 1% NASDAQ up 228 up 1.9%. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Charlie palette. This is Bloomberg
Bloomberg Radio New York
"wedbush" Discussed on Bloomberg Radio New York
"Brian shook. And I'm Charlie pellet. At Bloomberg world headquarters, stocks came roaring back with the best month for the S&P 500 Index since 2020. For the week, the S&P 500 Index was up by 4.3% after solid earnings from tech mega caps, beat occur as co head of investment strategies that Bernstein private wealth management. We have to remember that the market already priced in a lot of damage. And I think that's what keeps individual investors going. Really thinking about what is the equity market look like from here. Bernstein saw another up week for the S&P 500 Index to in a row, Matt Peron is managing director at Janice Henderson. You know, we look at it as somewhat of a relief rally. We wouldn't necessarily call it a dead cat balance. We think that the market will eventually find its footing. But this recent balance is probably because, hey, earnings weren't as bad as feared, right? We've been focused on inflation numbers on the multiple. And now we've got to focus on earnings, people thought this would be the earnings season where we managed to have to cut and slash even their earnings estimates. And that hasn't been the case. Matt Peron of janus Anderson. Apple rallied today after earnings, Dan Ives as an analyst with Wedbush securities. Look, I think China was the shocker down only 1% given the shutdowns. I mean, that was really surprising to the street. And I think it just shows the demand story holding up really globally. Dan Ives of Wedbush Apple today up 3.3% the tech stand out by far though, Amazon.com up 10.4%. S&P up 57 a gain of 1.4% that now up 315 up 1% as stack up 228 up 1.9%. Global news 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. I'm Charlie palette. This is Bloomberg
Bloomberg Radio New York
"wedbush" Discussed on Bloomberg Radio New York
"I'm Lisa Taylor. And I'm Charlie pellet. At Bloomberg world headquarters, stocks came roaring back with the best month for the S&P 500 Index since 2020. For the week, the S&P 500 Index was up by 4.3% after solid earnings from tech mega caps, beat occur as co head of investment strategies that Bernstein private wealth management. We have to remember that the market already priced in a lot of damage. And I think that's what keeps individual investors going. Really thinking about what is the equity market look like from here. Bernstein saw another up week for the S&P 500 Index to in a row, Matt Peron is managing director at Janice Henderson. You know, we look at it as somewhat of a relief rally. We wouldn't necessarily call it a dead cat balance. We think that the market will eventually find its footing. But this recent balance is probably because, hey, earnings weren't as bad as feared, right? We've been focused on inflation numbers on the multiple. And now we got to focus on earnings. People thought this would be the earnings season where we managed to have to cut and slash even their earnings estimates. And that hasn't been the case. Matt Peron of janus Anderson. Apple rallied today after earnings, Dan Ives is an analyst with web bush securities. Look, I think China was the shocker down only 1% given the shutdowns. I mean, that was really surprising to the street. And I think it just shows that demand story holding up really globally. Dan Ives of Wedbush Apple today up 3.3%, the tech stand out by far though, Amazon.com up 10.4%. S&P up 57 a gain of 1.4% that now up 315 up 1% NASDAQ up 228 up 1.9%. Global news 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. I'm Charlie pallet. This is Bloomberg. Bloomberg wealth is brought to you by Meryl, a Bank of America company, visit Bank of America dot com slash marrow advice. Merrill Lynch pierce fenner and Smith incorporated registered broker dealer, registered investment adviser, member SIPC, a wholly owned subsidiary of Bank of America corp
Bloomberg Radio New York
"wedbush" Discussed on Bloomberg Radio New York
"Profitable business boosting cash flow monetizing the platform He also brought up his track record at Tesla and SpaceX SpaceX has proof of his success What do you make of that Okay From a business model perspective I believe it goes to a paid subscription model I think they'll have a free piece but ultimately that's probably a key part of the strategy going forward And in terms of some of the job cuts of some of the cost cutting I mean look this is essentially leveraged buyout The only difference is he's leveraging cash flow shares to do it So it's going to create some more uncertainty going forward It's still a long time until this closes But that's why right now for months the easy part relatively was buying Twitter the hard part is going to be fixing it Can he do it Do you think Elon Musk can do it Well I believe it's a whole other animal than it has a space Technology we're talking about social media It's been uphill battle for the last decade And I continue to believe it I think Tesla shareholders believe this is that this is going to be a herculean white challenge from Musk And I think that's why you're seeing the overhang on Tesla shares because you essentially leverage the position and pass it by Twitter and ultimately test the shareholders that are feeling the brunt of this soap opera plan out Soap opera indeed Dan Ives of Wedbush securities Thanks so much for your insights there We'll continue to watch what happens with Twitter Of course we'll be continuing to follow along the latest on Apple and Amazon results and that does it for this edition of Bloomberg technology before we go I just want to say a special goodbye to a very special person on our Bloomberg team Mallory Abel housing who has been here running the show on the floor of Bloomberg technology for ten years Ten years so almost as long as I have she is moving on to her next adventure moving to New York.
AP News Radio
Elon Musk buys Twitter for $44B and will privatize company
"Ilan Ilan Ilan Ilan musk musk musk musk has has has has reached reached reached reached a a a a deal deal deal deal to to to to buy buy buy buy Twitter Twitter Twitter Twitter for for for for about about about about forty forty forty forty four four four four billion billion billion billion dollars dollars dollars dollars Moskos Moskos Moskos Moskos said said said said Twitter Twitter Twitter Twitter hasn't hasn't hasn't hasn't been been been been living living living living up up up up to to to to its its its its potential potential potential potential as as as as a a a a platform platform platform platform for for for for free free free free speech speech speech speech and and and and has has has has promised promised promised promised to to to to be be be be more more more more lenient lenient lenient lenient policing policing policing policing content content content content tech tech tech tech analyst analyst analyst analyst Dan Dan Dan Dan Ives Ives Ives Ives at at at at Wedbush Wedbush Wedbush Wedbush says says says says this this this this is is is is a a a a risky risky risky risky move move move move it's it's it's it's more more more more than than than than just just just just about about about about freedom freedom freedom freedom of of of of speech speech speech speech but but but but ultimately ultimately ultimately ultimately it's it's it's it's really really really really trying trying trying trying to to to to shake shake shake shake up up up up social social social social media media media media I I I I mean mean mean mean he he he he feels feels feels feels like like like like it's it's it's it's a a a a fragment fragment fragment fragment platform platform platform platform we we we we can can can can significantly significantly significantly significantly improve improve improve improve it it it it but but but but there's there's there's there's great great great great challenges challenges challenges challenges ahead ahead ahead ahead five five five five sees sees sees sees changes changes changes changes ahead ahead ahead ahead including including including including the the the the possibility possibility possibility possibility of of of of Twitter Twitter Twitter Twitter becoming becoming becoming becoming a a a a subscription subscription subscription subscription service service service service and and and and what what what what does does does does more more more more of of of of a a a a freedom freedom freedom freedom of of of of speech speech speech speech focused focused focused focused me me me me this this this this is is is is really really really really going going going going to to to to be be be be a a a a twelve twelve twelve twelve eighteen eighteen eighteen eighteen month month month month project project project project try try try try to to to to transform transform transform transform Twitter Twitter Twitter Twitter for for for for president president president president Donald Donald Donald Donald Trump Trump Trump Trump says says says says he he he he has has has has no no no no intention intention intention intention of of of of rejoining rejoining rejoining rejoining Ilan Ilan Ilan Ilan musk musk musk musk Twitter Twitter Twitter Twitter even even even even if if if if his his his his account account account account is is is is reinstated reinstated reinstated reinstated he he he he was was was was barred barred barred barred after after after after last last last last year's year's year's year's capital capital capital capital rights rights rights rights I'm I'm I'm I'm a a a a Donahue Donahue Donahue Donahue
Mac OS Ken
"wedbush" Discussed on Mac OS Ken
"Bear market could be a shop with bear themed gifts. Could be a place where bears shop could be a market run by bears. Sounds fun. Of course, in this world, a bear market refers to a stock market that has fallen 20%. Use it in the sentence. Sure. Tech stocks have officially entered a bear market. That's an example sentence from barons. According to the report since closing on the 19th of November at 16,057, the NASDAQ composite has now fallen 20.1% crossing the 20% threshold that traditionally defines a bear market. It's the first time the market has taken a hit that hard since the early months of the pandemic in 2020. The following list is not for those with weak stomachs. According to baron's Amazon is down 25% Tesla is down 29% Nvidia is down 35% and meta AKA Facebook is down 46% had enough too bad by now pay later specialist a firm holdings is down 75%, Roblox is down a nice 69 Shopify is down 67%, zoom is down 57% and I am sad to say that list goes on. Kinda beating the tech sector or Google and Microsoft. The former is only down 15% while the latter is only down 18%. I say only because neither is 20.1%. While there haven't been many places for tech investors to hide according to barons, there has been safety and Cupertino to this point. According to the site, Apple has been one of the stock market's best hiding places with a decline of less than 1% since the market top. An aggressive purchaser of its own shares, apple is seen as a refuge, protected by both ongoing strong demand for the company's flagship product, the iPhone and a Sterling balance sheet. Perhaps serving as more bear repellent for Apple investors, whatever Apple has planned for today. Like just about every apple watcher, Wedbush analyst Daniel limes expects apple to announce an updated iPhone SE during today's peak performance event, and he thinks it could be huge for the company. Apple's redon O ran part of a note he wrote, according to that, the highlight of the virtual event this week will be the iPhone SE starting likely at $399 price points with a new a 15 bionic chip and 5G capability. We do not expect major hardware design changes as the apple chip upgrade and 5G will be the headline of the event to further catalyze upgrades during this massive iPhone 13 lead product cycle. And when he says catalyze, boy does he may not. Quoting his note again, we estimate that this new iPhone SE can translate into 30 million plus incrementally units over the next year as globally there is pent up demand for this next SE based on recent supply chain checks. But a low price point, a new specs slash speed with multiple storage capacities. We believe the value proposition for consumers is a standout relative to competitors and could translate into some further Android share gains. Well, that would make it a catalytic converter. Despite uncertainty in the markets, driven largely by brutality in Ukraine. I've says he and his belief apple is a safety tech name to own during the market storm. Quoting his note one more time, we view apple as both a rock of Gibraltar defensive tech name, as well as the best 5G tuck play in the market with a massive product cycle that is gaining more steam along with its valuable services business, which is being undervalued by the street in our opinion. Mister Ives has an outperform rating on Apple shares, his price target on the shares is $200. As tends to be my way, I'm not going to spend a lot of time talking about what Apple might offer it today's socially distanced peak performance media event. We've been talking about it for a few weeks now as I record this. It's happening in a few hours. Little point in pondering what Apple might say when it's just about to say it. And we'll remind you though, we hit peak performance, or it hits us at 10 a.m. Pacific, 1 p.m. eastern, the event will be streamed on apple's event site that is apple dot com slash events, it will also be streamed on YouTube, should be made available as a podcast later in the day, and we will do highlights and reaction right here tomorrow. Sometime today, between the ooing and eyeing over apple's new hardware, Apple watch would like a few minutes of your time. It is international women's day, and there is an Apple watch activity challenge dedicated to it. Do any work out for 20 minutes or more, record your time with the workout app or any app that adds workouts to health. And you get pretend stickers and the pretend medallion. In addition to the challenge, Apple watch is bringing along an impressive woman with whom to walk. I download blogs as the latest edition of the fitness plus offering time to walk is available, featuring activist, Malala use of psi. Describing the episode Apple says, Malala Yousafzai is the youngest person to win the Nobel Peace Prize in the advocate for girls right to education in her native country of Pakistan and around the world. She became a target for speaking out and was nearly assassinated at age 15, Malala talks about how a great friend can make you feel at home anywhere in the world and what fuels her activism. This dug a few more days than one might have expected, but apple and cider says apple has suspended App Store search ads in Russia. You know, like Google and SnapChat did a few days ago, still a point for doing what they've done. The piece has the Cupertino company search ads crew informed developers yesterday. And an email to affected parties Apple said, all Apple search ads campaigned running on the App Store in Russia have been placed on hold and no new.
Bloomberg Radio New York
"wedbush" Discussed on Bloomberg Radio New York
"This is public day break but at least our top stories this morning Stocks climb as the prospects for a pickup and girls outweigh concern over inflation pressure that has the fed prepares to wind down pandemic air stimulus China's energy crisis defense highlighting weaknesses and Xi Jinping's plan that could have ramifications with the power system for years to come After almost two decades of delays Qatar finally holds its first ever legend to the elections will have the details And charged up Tesla delivers more than 241,000 cars worldwide in the third quarter That is a record for an electric carmaker led by Elon Musk He's Canadian across the Emirates I'm used to governor dean and Dubai Welcome to a new week But as we prepare for days to come quick opportunity to reflect on the week that was in terms of U.S. equities under pressure by losses in texture specifically but you know what The bounce we saw in Friday turned an awful week into a moderately bad one on the week down 2.2% on the S&P 500 In terms of U.S. tens one 46 16 that's been difficult the past few weeks if you are looking to some of these haven assets like government bonds because they really offered no buffers for equity losses but speculators are most net long ten year treasury futures since 2017 The Bloomberg dollar and next up 6 tenths of 1% we had a bit over sort of a dent in the broader armor of the dollar on Friday as a rebound and risk smooth helped offset some of those gains and then Brent crude at 79.28 cents a barrel climbing for a 6 week OPEC plus supply meeting is in focus And also this note from Bank of America caught my eye They're talking about a $100 oil this winner and that could spur an economic crisis Let's get to a charge GTV go for additional perspective on what's been happening with treasuries because the fed is doing its best to avoid the taper tantrum of 2013 They're moving towards curbing the bond buying But here's the irony 2021 could turn out to be worse The latest ball sell off has left the Bloomberg dollar index down 2.2% and that's on track for the first annual loss since 2013 when it's declined 2.8% Now the takeaway is that the likes of sausage and they're all actually see even further losses as we get to the end of the year given what we're seeing in terms of inflation Speaking of some of the inflationary pressures and perhaps a good sentiment a good pulse is what's happening with Tesla Wow what a blockbuster quarter that was 241,000 cars The folks at Wedbush talk about quite a bit of achievements because basically what you had is a chip shortage a major overhang on the auto space logistical issues globally these delivery numbers were eye popping Let's also hear from the CEO of Daimler on this to get some more sense of where they see things out We are working with our supply partners to gradually improve this situation What's the big chip makers are saying is that the constraints will be with us also throughout the year of 2022 But we're hoping on a better level than what we have experienced during this year Well that was the CEO of Daimler there Now in the meantime Muhammad valerian has some advice for the Federal Reserve chairman Jerome Powell about tapering.
Mac OS Ken
Privacy and Security Updates to Be a 'Main Focus' at WWDC 21
"Who wins the noisiest noise boy award this week for your consideration. Wedbush analyst daniel. Ives we'll start with a piece from apple insider. Which has i've saying privacy and security. We'll take center stage at next week's worldwide developers conference that is of course along with previews of new operating systems and saying on the operating systems. The report has ives saying that. The upcoming ios fifteen will include new privacy protections changes to the lockscreen and notification center and new features. And i message. I've says all of that will the cupertino company on more of a collision course with outfits like facebook though it is difficult to see how the two companies could be on more of a collision course than the wreck. They've already made.
Mac OS Ken
iPhone 13 on Track for Late September Release Date
"Twelve sales constitute a super cycle. That iphone thirteen may be a super duper cycle. That's according to wedbush analyst. Daniel ives who did of course not use the term super cycle apple three dotto posted part of a note ives wrote. He thinks apple's next round by phones is on track for a late september. Release which we used to call the normal time in the before times that said he says that timeframe could change. The bigger news is the bigger number of builds. He's expecting quoting his note. Initial asia supply chain belts for iphone thirteen or currently in the roughly one hundred million unit range compared to our initial iphone twelve reads at eighty million units pre bid and represent a twenty five percent increase year over year. Out of the gate while this number will clearly move around over the coming months. We believe this speaks to an increased confidence with cook and company. That this five g driven product psycho will extend well into twenty twenty two and should also benefit from a post vaccine consumer reopening environment. Mr has hasn't outperform rating apple. Shares has price target on the shares. Is one hundred seventy five dollars.
NPR's Business Story of the Day
A Pandemic Winner: How Zoom Beat Tech Giants To Dominate Video Chat
"Roughly one year ago. I heard colleagues referred to a meeting on zoom. It was one of those passing references where people assume you already know what they mean. But i didn't. I literally never heard of the brand within a few days. Of course i knew as did millions of others who likely had not known before. Zoom is by no means the only way for a video meeting but the company has come out ahead during the pandemic zoom is among npr's financial supporters. And we cover it like any other company. Npr's shannon bond has the company's pandemic story chief financial officer kelly steckel berg vividly remembers one specific date. Last spring march fifteenth. Last year was the day when everything changed. Its like we woke up and almost overnight that demand grew exponential demand from companies. Trying to keep running after sending everybody home. School setting up virtual classrooms then. The floodgates opened here at npr weeded stories about fitness classes. Moving to zoom. You're going to need a broom towel. Happy hours complete with drinking games. We figured out rules for virtual beer. Pong one of our producers watched her sister get married over zoom. You may now feel your ballot. Chests by april zoom meetings were attracting three hundred million participants a day thirty times the amount just a few months before zoom was an upstart and it was going up against products from giants like google and microsoft which are both npr supporters. So how did zoom beat these heavyweights real richness to simply way easier. Jason freed is ceo of base camp. A company that makes remote work software. He told me over his preferred app. Skype he's been working remotely for two decades. He says zoom made sending a meeting link as easy as sharing a youtube video open room. You get a you moral you. Send the url around people. That's it unlike. Other video meetings people you invite to zoom. don't have to log in or download. Software freed says that simplicity meant even though. The app was intended for companies. It was really easy for everyone else to use to but zoom was so popular and convenient. It had a downside. The fbi warning about zoom bombing intruders has started crashing zoom meetings because security was so lax townhall school classes. Aa meetings. were all targets. Dennis johnson knows all about this last march. He was defending his doctoral. Dissertation on zoom in front of family and friends with an unknown attacker scrawled racial slurs genitalia on the screen. A year later johnson still avoid zoom when he can every time. Somebody called me. Dr arteaga On so it just like a nasty taste in my mouth. Researchers uncovered other security and privacy flaws zoom told users meetings were fully encrypted when they weren't the company admitted shut down the accounts of activists in china after pressure from the government. Zoom went into damage control mode. It put everything except privacy insecurity on pause for three months and it reached settlements with federal and state regulators investigating the issues. Stucco burg's zoom. Cfo says the episode was a wakeup call. It was a humbling experience for all of us but we learned a lot through it and we have come out on the other side at a stronger a better company with a stronger and more secure platform now. After a year of daily life and major milestones conducted over zoom what happens when people get vaccinated and can go back to seeing each other face to face. Daniel ives as an analyst at wedbush securities there could be a roaring twenties type field. Whose covid where people are just gonna wanna get out and just almost a pent up demand but he says zoom has made such inroads into our lives in the past year. It's here to stay so they're still time to learn how to use the mute button
Mac OS Ken
Apple planning 30% increase in iPhone production for first half of 2021
"Apple shares. Were up a little over six bucks on tuesday. If you wanna know why look to the land of the rising sun the globe and mail out of canada which is not the land of the rising sun highlights a report from the japanese business. I nikkei that says apple is upping iphone production in a serious way headed into twenty twenty one. According to the globe and mail's take the cupertino company plans to manufacture up to ninety six million iphones in the first half of twenty twenty one a nearly thirty percent year on year increase going to strong demand for its by g handsets. That said well. I won't say the report is full of holes. I will say there are a couple of holes for which to watch out i. It's not justified. G phones apples ordering but less expensive models like iphone. Eleven and iphone s. e. as well also manufacturers may miss apples mark. Thanks to an industry-wide shortage of key components and then there's the big one the target will be regularly reviewed and revised in response to consumer demand but the sentiment is there and investors grooved on it on tuesday apple shares ended the day at one hundred twenty seven dollars and eighty eight cents up six dollars and ten cents. The nikkei report had wedbush analyst. Daniel ives summing a familiar tune eleven insider had the head of apple's pep squad financial division saying the nikkei reports simply supports what he's been saying all along. The iphone is in or on a super cycle says outperform rating on apple shares. His twelve month price target on the shares as one hundred sixty dollars with a bull case that could see the shares at two hundred bucks
All Things Considered
Uber Sells Its Autonomous Vehicle Research Division
"Out of the self driving game. The ride hailing giant has sold its autonomous vehicle research unit to a startup. It hasn't quite given up on the idea of robo taxis, but it is recognizing it can no longer afford to spend billions of dollars on the technology. NPR's Camilla Domina ski reports. Uber has always aimed big. It wanted to operate around the globe. It wanted to replace personal car ownership. And when it came to self driving technology, uber wanted to play a starring role in that revolution and make a fortune off of it. There's a huge huge Like positive impact of society when driverless cars become a thing that was uber co founder Travis Kalinic at a World Economic Forum event in 2016, and after Kalinic was pushed out of uber because of numerous scandals, new CEO Dark Khazar shot he was still optimistic. He spoke at Davos and 2018. We will have Autonomous cars on the road. I believe with him that the next 18 months not as a kind of Ah test case but as a real case out there just a few months after that remark, a self driving uber on a test run, struck and killed a pedestrian and Tempe, Arizona. After that deadly crash, Uber pulled its test vehicles off the road for a while, but research into self driving software continued. The goal was to eventually offer rides without needing to pay drivers. But while self driving technology has been improving, it's not close to making uber any money and that research is very expensive. They put a lot of money. It's in the billions. Daniel Ives is with Wedbush Securities. After all these years, Uber's recognizing its limitations. It's never turned a profit and the pandemic has it. Bleeding money. Self driving could still be part of Uber's future and years to come through partnerships, but the company won't be developing the technology in house. This is a shitty jik vision, but ultimately going to really play out. They were gonna need to sell this business. They could not support that level of our he needed to make this successful. All that expertise is heading to a startup named Aurora that's working on self driving trucks. Uber isn't getting any cash in exchange. I have says this transaction is all about getting a money loser off the books. It's a sign the company that always dreamed big is narrowing its focus. Uber is doubling down on ride hailing and food delivery as it chases that elusive profit. Camilla dominates key NPR news
Mac OS Ken
Contradicting Headlines About Apple Airpods
"A tale of two headlines. One has teeth international analyst ming quo indicating apple's major product lines joy healthy demand in the fourth. Quarter but airpods shipments are muted. That is contradicted by another headline that has wedbush analyst. Daniel ives indicating. Strong holiday. Demand for airpods could continue into twenty twenty one. The funny part one of those headlines is from apple insider while the other is from apple insider in fairness apple insider not saying either rather saying that analysts are saying both starting with young. Mc that post has closing stronger-than-expected demand for iphone twelve pro and iphone twelve pro max. Similarly demand is beating expectations for ipad. Air apple watch series. Six apple watch as e and the m one macbooks but airpods while i was going to jokingly say airpods are sucking wind. That doesn't quite sound right. Indications are muddled quoting that part despite the strong performance for apple's core product lines airpods is exhibiting softness quote predictions to remain flat or declined by between five percent to ten percent year on year and the first half of twenty twenty one the analyst blames upstream supply constraints and an overeager market that anticipated stronger. Sales numbers after apple announced plans to stop giving away earpods muddled right. There's not enough supply and people don't want them as much as we thought. Anyway that's young. mc's take her ives. That post has the head of apple's pep squad financial division seeing bigger and better for the super stoppers. The way he sees it apple could sell as many as eighteen million pairs of airpods in december. A total of ninety million pairs and twenty twenty and as many as one hundred fifteen million pairs in twenty twenty. One quoting his note. This product category continues to speak to the unparalleled flywheel. That cook and cupertino hab with nine hundred fifty million iphones worldwide under its belt and one point four billion active devices to tap into worldwide and thus further monetize through products and services as we continue to see with apple watch as well that was also one sentence is disagree on demand. There's one point on which they do agree. They both see new airpods coming in the second quarter of twenty twenty one quote arrived late in the june quarter so june. Apparently i on the other hand expects the new airpods in april. Or may mr. Ives has a buy rating on apple shares. His price target on the shares is one hundred fifty bucks designed by apple in california made in vietnam may soon be a thing for more apple stuff. Tech crunch says foxconn may be moving some macbook an ipad production from china to vietnam at apple's request the peace sites a reuters report indicating that apple as that some assembly for the two devices be moved to vietnam specifically certainly getting more production out of china has been a pressing issue for apple. Thanks in part of the trump administration's war with china additionally the eruption of covid nineteen showed the folly of having too many eggs in one manufacturing basket according to reuters according to crunch apple ass. Foxconn to move. I pat and macbook assembly to vietnam assembly. Line should be operating at some point during the first half of twenty twenty one
Wall Street Breakfast
US big tech dominates stock market after monster rally
"Big Tech gets a big test next week as apple facebook Amazon and Google. Parent Alphabet all step up to the earnings plate after a sizzling run for the sector wedbush securities things the reports will fuel up another tech rally into the end of the year despite the general nervousness over stimulus and the election apple is the firm's favorite thing name Microsoft and salesforce are the top cloud software picks and Z scaler is called the cybersecurity standout. There will also be some focus next week a US Senate hearing on section two, thirty immunity with twitter's Jack Dorsey facebook's mark. Zuckerberg and Google's Sundar Pichai all in the firing line. The economic calendar includes updates on new home sales, durable goods and consumer sentiment as well as what will be an eye popping Q. Three GDP report a historic thirty three percent quarter over quarter surge in Q. Three, GDP is expected to be reported to follow on the over thirty one percent drop in Q. Two despite the strong bouncing Q. Three the feds official forecast for this year is for GDP, to decline three point seven percent, which would mark the biggest single year drop since at least World War Two. Also on the schedule in the week ahead, look for some ideas to be generated out of the Robin Hood Conference and Spat Creation. Boards Town Motors Corporation could burn some rubber when it starts trading.
Mac OS Ken
Epic Games files injunction against Apple
"EPIC Games has taken apple to court. I won't say the suits crazy but it does sound crazy. Business insider says the company has filed a temporary restraining order against apple with the intention of getting fortnight back onto apple's APP store. According to the report if granted by Judge Restraining Order would legally stop apple from removing delisting refusing to list or otherwise make unavailable the APP fortnight including any update thereof SOUNDS CRAZY RIGHT Turns out that epics fighting for something more though according to business insider the filing revealed potentially far wider impact of apple and epochs legal fight. EPIC will lose access to Apple's developer program by the twenty eighth. Of August the company said if it's up doesn't comply with APP store guidelines. This would mean that all of epochs APPs in the IOS APPs store would be pulled from listing importantly epoch says getting booted from the program would also mean it can access certain technology for developers. For, more on that bit, we turn to C. Net, which has epoch suit saying not content simply to remove Ford night from the APP store apple is attacking epics entire business in unrelated areas. Venture beat polls another paragraph from the filing that says that the unreal engine can no longer support platforms. The software developers that use it will be forced to use alternatives the damage to epochs ongoing business into its reputation and trust with its customers will be unquantifiable and irreparable. Preliminary. injunctive relief is necessary to prevent apple from crushing epic before this case could ever get to judgement. So how many games are we talking about? I have no idea and a piece from CNBC GIVES US mixed messages. Seriously one piece pushes both the freakout button and one that plays cool and the gang. The CNBC headline says how Apple's battle with epic games could affect hundreds of other games beyond fortnight. Hundreds, but there are only. Millions of APPs in the APP store. This is where the messages start mixing. The same. CNBC. Piece points out that unreal engine is not the only game in town according to the report while the unreal engine is popular on consoles in P., C.'s many mobile games use a competing and JEN unity which has not been affected. Wedbush analyst Michael Packer Tell CNBC unreal is used in some mobile games, but only a small minority. Unity is far more pervasive so hard to quantify the impact on the ban. My problem is well, i. have many including a few around this story. First of all, while epoch may have several valid points. The way they've gone about this whole thing is made them. Difficult to. Trust. When. They said losing their developer license would mean developers could not use unreal engine. I had questions because I'm not a developer and that is my second problem around this story. Reach out to a developer friend of mine but he was too busy to answer my question that sent me the twitter not to complain about my friend though he is a jerk. But to ask the question I tried to ask Mr Ain't got time for you ask. The question, I put to types on twitter is what epica saying true. They say apple revokes developer license they won't be able to update. Unreal. Engine. For. Developers to use. Does unreal engine access come through the APP store or is it that they would lose the ability to test? At Ross kinds was kind enough to respond. According to Ross doesn't go through the APP. Store. But. Certain features require certificates that need an apple developer account if those certificates are invalidated, they won't be able to release builds of the engine through x Coda. And not sure there are actually using any of those features he continued it could simply be a licensing issue can't distribute. Bildt's without a licensing agreement. Not really sure on this one since we exclusively distributed on the APP store. So never had this situation. So. What epic is saying may be true. which brings us. Back to my. First problem. Around the story. It's hard to know whether one can trust epic in this situation.
CNBC's Fast Money
Update on Salesforce
"Kick things off Josh Lipton for more on salesforce Josh dig into the salesforce results. The segments subscription and support so the software revenue. Earning four point six billion that's in line Professional services so they're consulting services two hundred ninety million but the forecast light versus consensus cute to NPS sixty six to sixty seven cents. The street was closer. Seventy five cents revenue the guides for also life for the year. They're looking for between two ninety three to ninety five three dollars nine cents and they said look for the year for revenue to be up seventeen percent to about twenty billion shoot was close to twenty point seven. I did catch up with Steve Over wedbush bull. I wasn't his take. He says revenue did beat incensed by about nineteen million on lower expectations stocks. Selling off he says on this guy down. Crm says also lowered operating cash flow forecast. He billings did show twenty percent growth in beat consensus. He says he remains a buyer that. This is a resilient business mild. His words strong secular drivers and reasonable valuation on the call salesforce CEO Marc. Benny off saying the first month of the first quarter showed in his words. Amazing growth trajectory. Then he says the virus emerge and which time has company he says pivoted to keep employees safe guide customers and support our communities. The pipeline is strong. He says and we can operate successfully in any environment at any time for more on Benny off. Checkout Jim Cramer's show tonight mad money. We're Benny Office. Part of a jam packed.
CNBC's Fast Money
Take Two (TTWO) to Report Q4 Earnings: What's in the Cards
"Welcome back to pass gun earnings alert on take to Josh. Lipton's got all the details. Hey Josh so Melissa you dig into this report. Listed on the segments digital online was a beat. Physical retail was a beat Q. One the forecast given for bookings ahead of expectations handily. For the year though bookings that are calling for between two point. Five five and two point six five billion. That was a bit light there. Also we're looking for two point. Seven billion some interesting commentary here from the company saying that fiscal twenty twenty one will be say a light year for new releases though they do say they expect to deliver strong results. It was interesting on. The call does trousdale Nick. I'm talking about some of his Marquee Franchises Grand theft auto five sales. He said surpassed expectations. The big question for investors is when grand theft auto? Six is coming Oppenheimer's Andrew. Erc tells me he's still banging. That's twenty twenty two event the trailer. Though he thinks likely hits the next twelve months that would be significant. He says he thinks that game at three or four dollars. Eps Now on the coal. That stock was hiring. Executives began to give some color on their long-term pipeline executive saying they have ninety three titles planned for release over the next five years. They say forty. Seven from existing. Franchises FORTY-SIX ARE NEW STAR. This big reversal in the stock. I was just messaging back and forth. Michael Packer of Wedbush. He says it was that. A color on the pipeline. That was really the problem. He says. Investors simply wanted more specifics more visibility and color not just numbers and he thinks people were disappointed by that specifically said people really wanted to know that. Gta grand theft auto was definitively coming in two thousand twenty. Two impact says they did not provide that Melissa back to you
Bloomberg Law
Tesla shares are 'too high': Elon Musk
"Tesla shares tumbled over ten percent yesterday after CEO Elon musk said the electric car maker's stock is too high he did that in a stream of tweets Friday claiming he is selling almost all of his physical possessions and won't own a house denies an analyst at Wedbush securities told Bloomberg review these comments as tongue in cheek and it's you on being a lawn but musk told the Wall Street journal in an email he wasn't
Bloomberg Businessweek
The coronavirus outbreak is causing a spike in gaming usage
"And I can safely say that as I look out my back window across my little suburb of New York City here there is some kids playing video games I just know that it's true maybe they should be on the zoom in a class maybe they should be doing some class work but they're playing video games it's just a fact Michael actor is video game technology analyst for Wedbush securities he joins on the phone from Long Beach California I'm right Michael right I mean a lot of kids are playing videos out of adults are playing video games right now yeah I just took a break for playing video games this call so yes everybody's going to call that research don't you yeah exactly it is absolutely so what do we know about the the backdrop here I mean there is anecdotal evidence but I mean you've got your hands on real data here right yeah I I do but you know realistically there's two things we're gonna do whether we're indoors or outdoors we're gonna eat and we're going to entertain ourselves and you know it's it's intuitively obvious if we can't go to restaurants will eat at home if we can't go out to movie theaters and sporting events or even engage in physical activity we're going to do that at home and so you know clearly we're seeing from internet service providers that it internet usage is up a Verizon set up seventy five percent we got something yesterday from Comcast talking about wifi access and so the question is just what are people doing with the internet and then the answer is obviously they're watching a lot of video and applying a lot of games from the Spotify just said their usage is up people are just entertaining themselves in place games are the the most likely you know beneficiary of this you can do it on mobile you can do it on tablets you can do on the TV and people are doing that so are the supplies there to meet the demand of the telegraph had a report that whether to you Kerry the US there's definitely you know people are out there doing you know I'm playing video games it's a great escape right now especially those you know this feeling isolated from the rest of the world or from others and and the thing is the demands of the consoles are completely sold out so I'm just curious about supply yeah Nintendo switch is the one that it's impossible to get and you know obviously they didn't plan for a pandemic but they once again called animal crossing which is actually pretty much a single player game really fun though it's like a a life simulation you farming you trade in it's a it's a really really fun game so that the sales of acting were off the charts and people trying to get their hands on switches and I frankly think that's because there's a big demand for kids it you know adults probably can can play on PC or phone or they have consuls I'm you're not seeing ex boxes and PlayStations sold out the service which is really benefiting just because it's you know the hot item right now and they have the high came well it's also interesting you know you mentioned PC's because a lot of people and I think Carol and I are both in this category not the gamer category but more the a lot of folks are sort of amping up their work from home so they set up to me and I know we boosted our internet speed just to deal not only with my needs broadcasting the show but also in anticipation more streaming and other things that the the kids are doing with their school work and and things like that so I do wonder how that plays through especially that PC gaming part of the equation PC gamers it total about four hundred million people total and that's a lot of console gamers more like two fifty million interesting mobile mobile gamers one point five billion so you know the the the most frequently used devices are mobile phones and you can play games like candy crush on your tablet as well our PC you know the the dominate games are games like Fortnite league of legends you know so those are those are games people play all the time console tends to be things like Madden and FIFA and call of duty so the different types of experiences I think the the right analogy is like going to a movie theater to see a feature length film you know that that's what a console game is and watching YouTube videos with a mobile game is like so you know there are different types of activity for different types of devices but all really engaging and you know people play them all day long is it too early though to to make some investment calls based on what's happening now does that make any sense to even think about that at this point Michael I it's I mean beyond the pandemic I mean the pandemic is clearly going to drive up the use case for in the month of March and probably for the entire June quarter of you'll probably see some people one over permanently so you're gonna get some people who weren't really gamers before who find it you know this activities really enjoyable I actually think that we're on the verge of expanding the market just remarkably by streaming games and and that's you know Google's offering something called stadia I think Amazon's gain at going to enter the fray Microsoft and Sony each have products that allow you to play games on any device without a console or PC when that happens and I think that starts this fall and I think it grows over the next five to seven years it should double or triple demand for the content so anybody's got content is a beneficiary anybody who makes peripheral seal controllers are keyboards is a beneficiary and you know we're we're working with an ETF called gamers GMR that's ninety some odd stocks in the video game video game technology sector that's the pure play that's the easiest way to play it you're going to get exposure across border across industries to add a democratic system expand all walked right embraces you've got single you've got glue mobile you've got all the names in there well because they're also everybody other other than you know big big big companies like Google where gaming is not a big piece of their business but will be Sunday Amazon same thing but short of that yes he got all the publishers all the device makers hole the mole pure play mobile guys well and even I believe in keep me honest here Michael some of the semiconductor company's too and we talk about that with our inside our internal research analysts all the time about how when you look at the nvidia is another is of the world so much demand it seems these days I guess this was both on the PC and the and the console side is especially you know there's some there's some semiconductor demand that is driven by gaming right absolutely and you know nvidia in particular they make the high end graphics cards so you know that four hundred million PC gamers they they need a video card for two hundred fifty million console players the media video
AP News Radio
Stocks slump, despite Fed aid, as virus bill stalls again
"It was another big sell off on Wall Street with investors waiting for Congress to put more money into the economy the Dow and S. and P. five hundred fell about three percent of their value on the first trading day of the week even though the federal reserve unleashed several tools to support the economy if the congressional standoff with Democrats seeking more money for laid off workers over corporations and Senate Majority Leader Mitch McConnell denouncing their effort turned into those leveling up the soda of supermarket sweep Wedbush securities analyst Dan Ives says that's not what Wall Street wants to see really adding gasoline to the bonfire is what we're seeing in DC why our K. predicts stocks have not hit their bottom yet and could fall another five to ten percent hi Jackie Quinn
Bloomberg Daybreak
Walmart misses fourth-quarter earnings and guidance falls short of forecasts
"We are watching earnings from Walmart crossing the Bloomberg fourth quarter profit and revenue missing analyst estimates we'll have details straight ahead Nathan Karen thanks the economic hit from the corona virus is starting to affect corporate America now apple says its quarterly sales will miss forecasts as the outbreak hurts both supply and demand some analysts predict a quick rebound while others worry the effects could linger Dan knives as managing director of equity research at Wedbush securities we think it's more of an issue and you'll see significant rebounded unions temper turns iPhone demand which would also be across the supply chain side view more the timing issue rather than one that significantly then the man says factories in China getting back to work slower than expected while most of its retail stores in the country remain closed many Husayni senior analyst at Susquehanna financial the card is for pricing I think the number one question is more to do with not knowing what happens to the demand for these in demand destruction that is going to sustain for more than one or two quarters we could actually see more of a broad base to slow down tech stocks in Europe and Asia slid on the forecast from apple a flight to safety has the yield on thirty year treasuries below two percent its lowest level since September Alicia Garcia Herrera's chief Asia Pacific economist at the Texas your health effects because trying to is at the center of the supply chain frankly the stock market doesn't want to hear this news everybody's trying to cry and the fact that the supply chain constraints will affect them the stock market will react is just a question of time nasdaq futures are down seven tenths of one percent is apple ways on the index shares are down more than three percent in the
Mac OS Ken
2019 Marks a Milestone in Apple's Growth Story
"How does one spell exuberance on Wall Street these days? It spelled A. P. L. Word from a couple of analysts on apple to close out twenty nineteen. CNBC had city analyst dollar. Jim Suba on the color team teeny on Monday. The way he sees it. Investors will be pleasantly surprised with apple's holiday quarter earnings thanks to Apple Watch and air pods appearing on. CNBC's squawk alley. Suva said some of their products are selling out and you have to wait to get them. He went on to say. It's not do the manufacturing issues. It's actually due to strong demand where the company can't keep up. Apple's wearables said the analyst. We see that hat as being the big surprise for apple when they report earnings in the next month or so Subas got a positive rating on apple shares. His price target on the shares is three hundred dollars. The Dow was down one hundred eighty three and change on Monday. The Nasdaq was down sixty and a half and apple bowl. Hit A new closing high shares may have been helped by dollar gyms. CNBC appearance or they may have been boosted by yet another note from Wedbush Bush analyst Daniel Lives Marketwatch had the analyst issuing a note. Monday saying he expects twenty twenty to be the year of the five G. Super Cycle the goal. He also expects apple will be the clear winner in five G. He's gotten outperform rating on apple shares. And they price target of three hundred fifty box box not quite Katie bar. The door on Monday while apple did not approach the record intra-day high it set last Friday. Shares did manage managed to set a new closing. High Apple ended the day at two hundred ninety one dollars and fifty two cents according to a piece from Mac Daily
Talking Tech
iPhone tops 2019's best selling tech products
"Once again. Apple's IPHONE was the best selling tech product by far of the year. Twenty nineteen Bolivia. Tell you the fine imprint. I'm Jefferson Graham. You're listening to talking tech. My friend Daniel is is an analyst at Wedbush Securities and he compiled this chart for me showing doing the iphone at one hundred and eighty five million units sold in two thousand nineteen. That's down from the two hundred million plus in past years. Remember that for the first first. Three quarters of the year apple was still struggling with last year's models which were not that well received ten S.'s. And the ten are it. It was in September that they released the new eleven pro with that advanced camera that they got people excited. So that's where you're seeing the downfall in sales sales. Don't cry for Apple. They had amazing year. As you'll hear number two is the air pods at sixty five million. This is the Little Bluetooth headset. Set that so many people like to wear in their ears and a new edition came out in the fall called. The airports pro might one of my favorite products of the year and many others as well. It is sold out through February number three the Amazon Echo speaker sixty million units. That's a lot of speakers and as you know anybody somebody who's GonNa Amazon is usually finding these products on sale for ridiculously low prices as low as twenty dollars sometimes so they moved a lot of units number number four the IPAD. Nothing really new on the IPAD. This year it's just the same old tablet that was introduced in twenty ten but many parents really like buying an IPAD for their kids. Instead of having to buy a phone. As in an iphone they can get apps they can do video chat and you can get an entry level. I Pat Hat for three hundred. Three hundred and twenty nine dollars number five the Samsung Galaxy s line the premium phones from Samsung. which are wonderful alternative to the IPHONE? World intend to have new innovations that apple copies every year this year. It was the three photo lenses. Which Galaxy Galaxy did I and number six another apple product? The Apple Watch three of these top six products. Apples Apple Watch got cheaper at one hundred ninety nine dollars for one of the earlier editions. It got better in that every time. You flipped your risk. You didn't have a dead watch. You could actually see the screen for the whole time. So big improvements there and people seem to really like
Bloomberg Markets
Apple's stock keeps rising
"Let's talk tactics and we do that we do with Dan I've seen what best of what what bush securities dance thanks so much for joining us technology again has been the big big driver of this move up in equity markets this year let's start with apple you know it's just a fantastic story up sixty five percent year to date it's just amazing the big issue I have is this company as he we've talked about before is really make that big pivot from a phone reliant company to a services company but it that's a lot of risk in that story there but it seems like the markets giving apple more than the benefit of the doubt yeah and you're not alone and I think when I look at apple is the one two punch the rock of Gibraltar continues to be I phone and I think what you're seeing here are for the weapons track in fifteen to twenty percent ahead expectations it's all about the install these and now it's about monetizing that your services and that's part of the re reading that we're seeing with apple and that's why right now the bears continue to be in hibernation mode in terms what's happened with stock okay so you see a lot more positivity ahead yet woman ever we see a trade headlined that's negative the tech stocks of the ones that sell off first what if we do not get a trade truce what how much does that affect your outlook yeah that's fifteen dollars per share in terms of right now what I you as the over all over hanging from a tree it on apple it's the poster child in terms of the US China trade war but it's about a fifteen dollar overhang right now so I think if we do not get any sort of deal that sort of how I use a race the into the stock so Dan at that's go back to the old you know tried and true phone business for apple give us a sense of how big five G. could be to apple we hear so much now across so many different technology verticals about five G. and how it's gonna be the next big thing in tact what does it mean for the likes of apple in my opinion the best five G. clay is apple because when you look inside you and how their position going the twenty twenty think about nine hundred million consumers right now in terms of the installed base we think about four hundred million of those are going to upgrade of next twelve to eighteen months the first parts can be after eleven but five G. I believe you really can be a super cycle for for apple that's what I used to use this is a stock I think it's gonna have a three in front of it going into next year did you walk through that a little bit more how five G. will sort of super charge apple shares yeah a lot of it is really the applications in the infrastructure in the five he really and for the average consumer especially within the installed base to get access to that five G. you're gonna need to get a five G. or we think next year based on our shacks throughout China and Taiwan is gonna be four five he thought referred a consumer they're gonna upgrade on five G. to apple and that would that's really feeling even in a renaissance of grown yeah that's the highway the highway to five G. is a smartphone I'm struggling to understand five G. applications is being so incredibly different I mean basically is a robot gonna get beamed into my home and and and make me breakfast I mean how how different is this going to be from foreign three G. it yeah I think it's a paradigm change in terms of five G. I think the best thing about is more smart cities autonomous capabilities I'm talking about a lot of technology that today are more on the white board over the next five ten years it's really me five G. enabled and that's why when you look at the leader in that it dapple OB the Sam some can be used to be there as well as the Chinese consumers but that's why I thought you still important in terms were apple sit in the stock okay in one part of the services story for apple that's less clear to me is there video strategy their TV strategy another yeah apple TV plus centers of some shows there but to me that's not it I mean that that's not gonna cause me to switch her to add to my Netflix and to my Disney plus what do you really think is the play for apple in the video business yeah I think the first part of the play is distribution they want to give the distribution platform for screen that's the first step and then I think if you look at it right now that's why the bundling so important terms of the new iPhone in terms on the video side right now they lack content but I do not we do that we'll do you like that in a year from now I think they're going to dedicate six billion per year and I still think they acquire more but content play in MGM Missoni aligned gate over the next year who's the big loser from five G. who's not gonna keep up well what I think in terms of the big loser right now in terms of five G. this is really going to be an apple Sam song I think if you look so far I think Sam song bumble did a bit in terms of where the war versus apple and I think it's not going to be a winner take all but I think right now stands has been a bit disappointing on that side decide and when you look at five G. I think right now it's going to be a lot of winners the question is rise in eighteen T. which benefits from five G. more and I think that's why the next six to twelve months you're really gonna determine from strategically who's best position but right now I can can you think apple was one of the reasons terms when it comes to five P. Dan I've thank you so much for being with us Dan I've director of equity right research at Wedbush