34 Burst results for "Wedbush Securities"

A Pandemic Winner: How Zoom Beat Tech Giants To Dominate Video Chat

NPR's Business Story of the Day

03:59 min | 9 months ago

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

Shannon Bond Kelly Steckel Berg NPR Dr Arteaga Dennis Johnson Skype Jason Microsoft Stucco Burg Youtube FBI Google Johnson CFO Daniel Ives Wedbush Securities China Government
"wedbush securities" Discussed on Newsradio 600 KOGO

Newsradio 600 KOGO

04:25 min | 1 year ago

"wedbush securities" Discussed on Newsradio 600 KOGO

"Jeff Bell injured. Bloomberg? Yes. Good morning. Okay, let Donna doesn't know this one. I have not heard this. Oh, you could not listen to the radio back in the mid seventies without hearing this. I remember the artist. I never saw a copy of the record, so I can't tell you the label, but it was Carol Douglas. Yes. I do not recognize this at all. I must have put it out of my mind. It was a big hit. I must have blocked it. It was here. It was pre disco disco. So traumatized that I blocked so I think that was her own. I think that was her only hit. I don't recall another one now. All right, So let's 01 and only let's talk about the president and the pandemic relief Bill. Well, the drama is over. He, uh, decided last night to find the pandemic relief bill, And that signature came in the evening last evening yesterday. The $2.3 trillion package averts a government shutdown that also was sets the stage for $600 payments to individuals. The delay, though, in signing deprived millions of unemployed Americans of one week's worth of benefits, The president says he still wants Congress to pass another law to get checks $2000 on their way. Oh, my. All right, So we have well, so was holiday followed by holiday so that when do we When do we actually trade on Wall Street? Is that like today? Only no, it is actually have four full days this week. And right now, the Dow futures are up 157 points. There is some relief that the president has signed the covert relief measure. And it's traditional. Usually the week between Christmas and New Year's. They call it the Santa Claus Rally. Stocks generally pick up some ground in light trading this week, we'll see if that happens. So how did we do when it comes to holiday shopping? Did quite well. Retail sales were better than expected, although the bar was set fairly low, with the forecast data from MasterCard spending Pulse out today show that sales for the extended 75 Day holiday period were up 3% from the same period last year. The data show that a lot of consumers switch from physical stores to the Internet to do their shopping. We heard a lot of anecdotal reports of that happening, and here's some concrete figures online Sales were up 49% from a year ago, he commerce accounting Now for one of every $5 spent wow. All right, And I would think that this is pretty obvious bestselling tech products of 2020. You don't have to think about it. Ah, Whole lot. It's the Apple iPhone for the second year in a row and analyst with Wedbush Securities track sales for U S. A. Today he projects 195 million iPhones were sold this year, making it the top seller. 185 million were sold in 2019, the analyst says. The work from home trend prompted a lot of people to upgrade their tech year. All right, so you know, I'm looking at this story about Carnival, and are they being wildly optimistic? The Mardi Gras ship was has been completed. It was, it's been in the works for a long time for for talking at least a couple of years. It's the company's biggest ever fun ship. It's now ready to sail and it will be ready. Whenever the Centers for Disease Control lift the no sale orders. The ship can carry up to 6500 passengers. It is the first ship to have a roller coaster on deck. Amenities also include a brewery that can make craft beers using filtered seawater. Okay, that's all really interesting. It's all fantastic, but I don't know. I'm still going to get on a ship right now. They can if they want, even if they wanted to. There's a no sale order in effect, But Carnival feels that there's pent up demand and the customers will come back when when the pandemic is over, Let's say when it's safe, exactly. I'm just like 6500 people on a floating city. I'm like, Yeah. All right, Jeff Bellenger from Bloomberg. We will take you out with a little pre disco disco. Oh, my, Because carol, you tomorrow, Every man. All right. We'll talk to the other good ones. What to expect as winter.

Carol Douglas president Bloomberg Jeff Bellenger Jeff Bell Donna analyst Santa Claus Rally Centers for Disease Control Wedbush Securities Apple Congress
"wedbush securities" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

01:48 min | 1 year ago

"wedbush securities" Discussed on Newsradio 700 WLW

"From the Bloomberg News Room. Trump finally ending the drama signing the stimulus package, right? Yes, The signature came last night. After a lot of suspense. The $2.3 trillion package averts a government shutdown. It will also get $600 payments on the way to individuals. But the delay in getting the bill signed deprived millions of unemployed Americans of one week's worth of benefits, and the president says he still wants Congress to pass a bill two weeks to provide $2000 checks there already the iPhone, the best selling tech product of the year. It. Yes, it is. For the second year in a row, an analyst with Wedbush Securities Track sales for U. S. A. Today he projects 195 million iPhones were sold this year, making it the top seller for the second year. 185 million were sold in 2019, The analyst says the work from home trend prompted a lot of people to upgrade their tech year. In new FAA rules could boost the commercial use of drones. Yeah, there's a new security rules expected to provide a big boost to a drone use of Bloomberg News is reviewed a summary of the Federal Aviation Administration regulations. They'll provide that. Nearly all drones transmit identifying radio signals that show their location on Lee. The smallest drones will be exempt the rules or an important step. This will get approval for unmanned aircraft to make deliveries and to be used for other types of commerce across the country. Right. What are you seeing in the market today? Looks like a positive start ahead. Steve s and P Futures are up 24 points. NASDAQ Futures are up 82 on the Dow Futures are up 154 this hour from Bloomberg. I'm Jeff Dublin. Jura news radio 700 wlw Jason Erhard handling traffic.

Bloomberg analyst FAA Bloomberg News P Futures Trump Wedbush Securities Track Jason Erhard Jeff Dublin Steve s U. S. A. Congress president Lee
"wedbush securities" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:27 min | 1 year ago

"wedbush securities" Discussed on Bloomberg Radio New York

"Radio. Apple is up 2.6% today for the year, though you're over year I should say From this day last year, Apple is up 85%. So this 2.5% increase, probably not the biggest off its year. Nevertheless, it's up on a electric vehicle report. It's going to make one we knew was going to, but now we have a little bit more detail. So let's bring in somebody who knows a lot about what Apple is doing and how it could be successful. Done. Eyes of Wedbush Securities joins so down. We knew that at some point we would probably get a new electric vehicle from apple. What do we know now that we didn't know in the last few days? I think it's really around the battery technology and some of the innovations going on within Cupertino. If you could, the TV and the autonomous Vision it apple. There's been a lot of Starts and stops, but clearly they're going to dive into the deep end of the pool. I believe it's going to be do more of a strategic partnership where clearly it's going to send a ripple effect across easy. In summer stock perspective. It's just in that another arrow in the quiver when you look at the overall eco system going forward. Where does the confidence come from? That Apple will be successful. I mean, it's it's great at other things, but I mean vehicles are a whole different kettle officials, they say. And no doubt That's why I don't believe that they ultimately start manufacturing their own cars. I believe they're going to leave that to a partner, potentially a test or VW. Because, you know, I think that's the thing. Investors want to see them from a software perspective vertically integrate their software in the vehicles. And I think if you go out into the next two years, evey it's a golden age. Anything. It's even simpler. What we're seeing in China would buy do that They can share going to get into TV's because we're talking about a trillion dollar market the next decade, and Apple recognizes where they sit autonomous. His key and I think this is just going to be another way for them to monetize that. Brand, which is unparalleled on this same argument is partially what's behind Tesla's nearly 700% gain this year. Right while we're at 3% or so evey Take up right now. There will be a point at which that becomes, you know, exponentially larger. What about the idea of Apple teaming up with the Tessler? Is that something that would ever happen them? I think they could potentially apple in tests, and I think that's a partnership that potentially could happen in terms of how it fits strategically, so I think that could be something on the horizon, 2021 Musk and cook unevenly is that would be something that could have a ripple effect. That's why I believe the tests or the W result. Me who Apple partners with Right and Essentially, Apple needs to find a partner. So what would be the best partner? I'm the bed, the best partners and Freeman and test so I think that's one that would make the most sense strategically, in terms of going after that market, especially evey is right now. Right now, in terms of the E V market test was world and everyone else is paying rent. And that's something I could see Apple further and further penetrating through a partnership. Down, talk to us about the rest of Apple's future. What's your price target on Apple right now? And what do you see? Coming in the nearer future? Right now. We're $160 Price target. $200 Bull kids. I continue views a supercycle iPhone 12. I think it's really just playing out. In terms of China. This is a key market. And to me Apple is this stock that I think investors used further and further appreciating in terms of what I do is an unparalleled upgrade opportunity. That's why the super cycle pieces have taken home. Amazing. Then I also want to ask you about the performance of Tesla on its first day in the S and P 500 whether it adds to volatility so obviously we saw, you know, run off and then a little bit of a sell off. What happens, you know, did does it settle into regular SNP action? Has he knows a bit of a spell in the news. He obviously parabolic movinto s and P 500 inclusion. It's really all about demand here. Demand looks very strong in terms of December. Especially in China. Naturally, the windscreen to move the stock higher and that's so you know, we have $1000 bull keys untested, and I think it just comes down to execution. This market you're seeing in China to where it's only 3% of all over all others today we think going to 10% Killed 2025. That's why right now. Easy is, you know, I think when the more transformational market opportunities we've seen our last 20 years, Yeah, it was for sure Be watching that. I mean, a lot of people that had that saw that coming are benefiting right? So I won't ask you about the solar winds and the hack. I mean, the cybersecurity industry. Will this ultimately benefit us or hurt it? For cyber security. I think it could have 3 to 500 bits of growth in the near term. I mean, this is What likely looks like probably the biggest cyber security attack, you know, potentially in the history and then and it's a black eyes to the overall to the industry. But Beneficiaries. They're going to be massive because government season season enterprise they're going to need to spend on companies like dizzy scale or tenable. Powell out They'll point among others. That's why you're seeing these stocks continued moved higher in terms of where cybersecurity going, especially in the shift to cloud and this is, you know, obviously, this attack just speaks of sophistication and threats. Death a silver lining in this very unfortunate incident. It's bullish for cyber security stocks and investors are continuing to move those higher. One of your top picks in the space right now down. Topics and cyber security or tenable. They'll point these scour as well as Powell out those air kind of names, front and center that I think benefit here, and we believe Tiger Security stocks overall could be up more than 25% between now and 2021 to me intact to get a step back and clouds, cybersecurity and overall.

Apple China partner Wedbush Securities Tesla Cupertino Powell VW Tiger Security E V Musk Freeman
Uber Sells Its Autonomous Vehicle Research Division

All Things Considered

02:41 min | 1 year ago

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

Camilla Domina Travis Kalinic Kalinic Dark Khazar NPR Daniel Ives Wedbush Securities Tempe Arizona Uber Aurora Camilla
US big tech dominates stock market after monster rally

Wall Street Breakfast

01:28 min | 1 year ago

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.

Apple Google Big Tech Sundar Pichai Facebook Boards Town Motors Corporation Jack Dorsey Salesforce Senate Twitter United States Microsoft Amazon Zuckerberg Official
"wedbush securities" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:33 min | 1 year ago

"wedbush securities" Discussed on Bloomberg Radio New York

"Interesting. Yeah, I think all eyes were on that less expensive. Tread for sure. All right. Great stuff. Thank you so much. James Hartman. Magic, director of equity research Greater analyst for Wedbush Securities. From Really Smart Insides. They're into something that you and I are kind of obsessed with. I think it's fair to say Yeah, help market. Yeah, absolutely. And he's got a price target. 116 a share stock right now is at 84 inches. Yeah, exactly. More fitness ahead. We're going to talk about the other side. It ain't pretty. This is Did you know? In 2018 34% of fatal crashes involved? Alcohol is, you know in 2016 44% of fatal crashes involved drug impaired drivers. Did you know that being under the influence of any drug is drug impaired driving, call a cab Order Ride service, or ask a sober friend to drive. If you were under the influence of any drugs, visit Chesterfield safe dot org's for more information. With covert 19. So much is unknown. Is this the worst you've seen, But we are committed to getting you every piece of information we can. As soon as we can tell us about this big win you have. What is a 24 Million in 95 masks, fewer unknowns. Who's winning here? Where is the pressure? Right now? That's our goal. What worries you the most the time it's going to take for vaccine. Bloomberg Radio. The Bloomberg business happened. Bloomberg radio dot com. Bloomberg, the world is listening. The world's.

Bloomberg Wedbush Securities James Hartman Chesterfield analyst director
"wedbush securities" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:23 min | 1 year ago

"wedbush securities" Discussed on Bloomberg Radio New York

"Rival Uber must be in compliance with a California law requiring Drivers to be designated employees. But there was a knee jerk reaction when the news hit the tape lift shares fell 8.5% right now the stock is pushing higher by 1% Wedbush Securities, saying Suspension of rise is a smart move in a game of high stakes poker with regulators. Alibaba's revenue growth returned to levels not seen since the pandemic. The arson Baba right now trading lower in the New York session. That is a look at market action. I'm Doug prisoner and that sure Bloomberg business flash. All right, Got it. Doug. Thank you so much. Well as everyone knows Bloomberg BusinessWeek magazine currently on newsstands on the Bloomberg Bloomberg dot com. It's a special double issue. It's all about the path to a covert 19 vaccine. And I'm delighted to have back with us our next guest, Jason, who we've talked with before tonics Pharmaceuticals. They're on a path to a vaccine. They're involved in this as well. We caught up with our next guest back in early June. Dr. Seth Letterman is chairman, President CEO and founder of the New York based specialty pharmaceutical company. And he joins us on the phone in New York City. Doctor Letterman. Nice to have you here. How are you? I'm well, Thank you for driving me back on. Tell me a little bit about how your world has you know what's going on since we talked with you in early June, But how are things changed? Things are moving forward. We're working tirelessly on unprecedented global effort to get a vaccine for covert 19. And I'm delighted that there are many divers approaches to getting a vaccine. Like many others were working on a particular approach, and we're working on vaccines that he listed T cell immunity. And remind us you did such a nice job of this. Last time you were here Remind us about T cells versus antibodies. They're two parts of the mean system that recognized pathogens and antibodies are short lived, and he sells there longer lived. Antibodies float in the serum, so their proteins and he sells herself so they have a whole complicated mechanism of action. But traditionally, vaccines against viruses have tried to elicit T sell immunity for a number of reasons. First of all, the durability of it the long lasting immunity And also the way they kill viruses is more effective. Well, this is really important because I do think you know, Jason. I think about how many people we talk with, and we should, As you said, Dr Letterman anticipate multiple vaccines. But what's really important is we need a really, really effective. Vaccine that creates an immunity that is not just around for a few months. That's something longer lasting, and that's where T cells come in. Yes, but I think that the the the first wave of vaccines most of them will probably be in the warp speed group of some of them will be maybe intermediate vaccines that will bridge us to the point where we can get longer lasting vaccines. Will be a more lasting solution. But right now, any vaccine that has appropriate characteristics for the appropriate person would be a big relief. So, Dr Letterman? What have we learned about this disease over the last month, Tio six weeks either in terms of how it infects people who it infects. It feels like we're learning so much. And to your point, there's so much attention focused on it. What's one thing that maybe we didn't anticipate or one important thing? We really have learned recently. Well, let me start with the paradox that many people compare this to the 2003 stars that stuck in a that that remained in Asia because it could be contained. And compared to stars. The cov, too, is much deadlier. There have been over 700,000 deaths worldwide. For Kofi to the new the new Corona virus, and only 740 deaths for SARS. Phil. It's a much deadlier virus. But in terms of the number of people who die as a proportion of people who are infected, it's much less deadly. So sorry. Killed about 10% of people who are infected and nobody really knows the number. They'd cov two kills, but it's somewhere in the range of 0.5%. So maybe it's 1/20 as deadly and yet it's killed. Um, you know so many, you know, thousands more. And I think that the key is it is very, very infectious. So we've learned that all over the United States all over the world, and it will be very hard to stop this virus from ultimately getting to every person on earth. So go ahead. J said. Well, I was going to say we we only have about a minute left that we're gonna do some things and come back. Which brings us to herd immunity. How do we get there? Well, optimistically. We may be closer than we think, because places like New York City and Milan who were very badly head early on have really stabilized. So while the antibody levels may only be a 25, or 30% of the population, the population is acting like it may be closer to herd immunity than those numbers would imply. So that could be the missing piece could be the T cell immunity without antibodies are protecting people and we're just not measuring T cells as easily as we can measure antibodies. I feel optimistic. Jason Kelly. Yeah, all right. We're going to continue this conversation in just a few minutes. Where do some news? It's busy day on the markets. Lot of headlines breaking as well. We're going to continue that conversation with Dr Seth Letterman. He's a CEO of tonics. Pharmaceuticals, joining us from New York City. Ah, lot of big questions still remain, of course, getting back to school, getting backto work as well. Yeah, we need to ask him about that. But I think this distinction and you know, we've heard this from various medical.

New York City Dr. Seth Letterman Jason Kelly Bloomberg Bloomberg Bloomberg Doug prisoner Wedbush Securities Dr Letterman Alibaba arson California BusinessWeek mechanism of action United States CEO Tio Asia Kofi Phil
"wedbush securities" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:33 min | 1 year ago

"wedbush securities" Discussed on Bloomberg Radio New York

"This is a Bloomberg money minute. Right now. There's a boom market in food delivery. The covert 19 environment has changed. The game for food delivery growth is up 60 70%. That's Dan Ives, a managing director at Wedbush Securities, and that's why Uber just agreed to buy Postmates for $2.65 billion in stock. And merge it with uber eats, and it comes just weeks after uber lost out on buying Grub hub, which was bought by a European rival just eat for over $7 billion. So why the recent frenzy of acquisitions, Bastian Lehman, co founder and CEO of Postmates explained to Bloomberg. This is a market that is evolving in a rapid pace, cold it as tragic and his loss has elevated and has pushed this market forward. I at least 2 to 3 years. But there's lots of competition, especially from door dash, and, according to Dan Ives, we're talking about what's going to be, you know, 70 $100 billion industry Tom Busby Bloomberg radio. I've always wanted to learn another language. But every time I try, it never sticks. So I decided to give babble a try. And I really like the teaching method of the APP. I started with the big inner lesson on babble, and it starts with simple words and phrases. And soon you're putting those words into a conversation. Each lesson takes about 10 to 15 minutes, and they're all really different, which keeps things interesting. The APP is really smart. It actually keeps track of the words I'm struggling with so I can practice them and get better. I just babble because it was created by Rhea language teachers..

Bloomberg Dan Ives Postmates Wedbush Securities Bastian Lehman Tom Busby managing director CEO co founder
Tesla shares are 'too high': Elon Musk

Bloomberg Law

00:24 sec | 1 year ago

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

Elon Musk Analyst Wedbush Securities Wall Street Journal Tesla CEO Bloomberg
The coronavirus outbreak is causing a spike in gaming usage

Bloomberg Businessweek

06:51 min | 1 year ago

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

New York City
Stocks slump, despite Fed aid, as virus bill stalls again

AP News Radio

00:47 sec | 1 year ago

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

Congress Mitch Mcconnell Dan Ives Jackie Quinn Senate Wedbush Analyst
"wedbush securities" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:58 min | 1 year ago

"wedbush securities" Discussed on Bloomberg Radio New York

"And that market volatility Dennis of Wedbush securities is staying bullish so Dan we just heard from Scott miner that of Guggenheim said this is the worst event of his career why are you so optimistic it's obviously it's a major tragedy the outbreak but our view is that the exhaustion civilians we have to look at and say this is impacted demand the longer term and this is changed dynamic for our winners and fundamentally when I look at names like apple and Microsoft and Amazon and some of the findings even though this is going to be a very uncertain period and a lot of hand holding when we're on the other side that in my opinion this continues to be stocks we want to be owning even though you have to obviously factor and risk in the near term Microsoft H. P. cutting their forecast for the quarter you know what do you think then the impact is going to be in the near term if in the long term mmhm your positive sure the makers of the good example socialist about the warning yesterday get PC's a third around then you not have to take that off the table but yet what the two thirds the cloud Adger a key part of the transmission of Microsoft that continues to be something that they kept on the table and I think fundamentally seventy eighty percent evaluations because of that you're more interviews like this one on Bloomberg television streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings breaking news twenty four hours a day this is a business flash thank you for being headquarters in London I'm Sandra can help with this Bloomberg radio business flash now European and U. S. equity futures are pointing high off to Asian stocks gained for the first time in eight days markets reversed early declines of the bank of Japan offered equity and pledge to ensure market stability amid the spreading coronavirus it comes after the fed on Friday signalled that it's open to easing policy stance and we have seen China's CSI three hundred game three and three tenths of a percent in Shanghai currently the hang sang up six tenths of a cent in Hong Kong now the BOJ's reassurances sending the yen lower following last week's rally coming down four tenths of percent at one eight spot three otherwise I'm keeping a close eye on south Korea's one running one point eight percent of the strong trade data out this morning the official one also big currently below seven again we'll be back on the spot index meanwhile slightly lower standing and the euro a bit higher today as trade talks between the UK and the EU kickoff and Brussels late sept that said we have all seen treasury yields still moving lower currently the tenure downfall basis points at one spot eleven at the moment ten year bond yields opening slightly higher at negative sixty always free full has been halted by hopes that AIPAC and its allies will deepen output cuts of them meeting this week this week WTI Carney up to and three tenths of a cent of forty five dollars about gold also a rebounding after it slumped on Friday currently up one percent at one thousand six hundred and two dollars a Troy ounce that's a pretty big business national heating Karen's with more on what's going on around the world Sandra thank you a number of developments today in the corona virus outbreak New York Cumberland have reported they fenced infractions South Korea now has more than four thousand two hundred confirmed cases and the global death toll has risen above three thousand meanwhile president trump will meet with pharmaceutical executives today the administration is now testing off the shelf drugs to fight the coronavirus South Korea says the north has launched two unidentified projectiles off the east coast the move coming just after the first anniversary of the failed I know we summit with the U. S. is the first such actions since the north Korean leader said he was no longer bound by self imposed the freeze on weapons tests done to this reading to write a virus epidemic shut down phones as leaf museum yesterday that's off to workers who guarded its famous artworks became fearful of contracting the virus due to the flow of tourists from around the world only three quarters of the museum's one point six million visitors last year came from abroad France has recorded one hundred and thirty coronavirus cases global news twenty four hours a day on Adam QuickTake by Bloomberg how it's by more than twenty seven hundred journalists and analysts and more than one hundred and twenty countries I'm grandparents this is pulling back this is the Brussels addition Greenberg's briefing on what matters most in the European Union this was now it's seven twenty AM on this Monday morning it is time for Brussels addition Plavix briefing on what matters most in the European Union powered of course pilot teams in Brussels some pieces say that we joined by bin bags at Toyota and three new now from the E. U. capital Victoria good morning what's the latest when it comes to corrode device in your house that you actually preparing in terms of a response as we see the number of cases now hello I am and the concern about the impact on the economy rising hi good morning yeah the virus is basically the number one one of the two key issues right now preoccupying European officials the president of the European Commission also underlined she gonna do this press conference today to say more about the E. U.'s responds there are two concerns the forces in terms of health policy and with the use trying to do is it just ensure maximum coordination among its member states in terms of how to deal with this outbreak increases among the countries and the second is a look at how to deal with the an economical way to caution and there's an emergency call all of them do you find it kind of ministers later this week to discuss it and there at the moment is trying to assess the situation of the how to coordinate some kind of cool Switzerland today we've also got lots of other things coming in which they have to think about not least a range of manufacturing PMI data coming out the OECD also publishing its latest economic outlook so one of the points to look out for I mean so far and any every numbers we've seen in the forecast today they said it's too soon to assess the impact of the buyers and the economy would be always in the outlook or expecting in may be the first time we can see this kind of reflected in the numbers that I should be interested and with regards to manufacturing is because I thought the coming out today and it's a particularly sensitive sector in Europe lately so I think there's gonna be a lot of focus you see how Kate has been by that but there was an outbreak yeah exactly is the first update to the OECD's economic outlook since November but there's also of course another big issue which is the conflicts in the tension on the Greek Turkish border over the weekend off the the Turkish president Erdogan threatened basically to let migrants through and through to Europe what's the latest well not how concerned is your about this situation another major issue and then in the mind right now it's a very tense situation but it's also particularly awkward one from Brussels because it also it can kind of Ding Dan Marshall I'm very very strongly because it's also very reliant on a deal with Turkey to stem migration so far so it's kind of a very fine line of the E. you have to trade with me it's a really difficult time I'm in that state being here for policy chief has called for an extraordinary meeting will be at foreign ministers to discuss this and see how we can move forward but for now we're just looking at migration flows at the border and they're waiting to see what's going to happen today I am until we shouldn't forget I was one of the really big things which is of course the UK and EU officials opening their talks on a future trade deal I mean the boom boom music hasn't been good so what I'm expecting the trucker starting today I think about a hundred officials from the U. K. are heading to Brussels to disturb the discussions on the future relations with the interview it's the first of a of a set of different applications as you said the move hasn't been great there's a lot of that kind of talk about them being on the phone you know quite quite different quite quite far side especially images of state aid for example so it's not clear yet how easy it's going to be two to reach a deal on time but I think over the next few days are going to have a much clearer picture of how how come that will be okay we'll watch out for that and also from any comments from S. a phone to line about the coronavirus impact in Europe thank you so much for joining us that's been basically to attend three new life from Brussels and if you want to stay on top of all things you NIB addition is the function on your project and a full the Brussels addition and straight ahead on Bloomberg daybreak Europe can be joined by Tim Graf head of imia McCurry specially at State Street you'll be joining us in the studio with his take on today's market gains in the teeth of the concern about the virus how much of a rally is this really how long could it last and.

Wedbush securities Scott miner Guggenheim Dan
Walmart misses fourth-quarter earnings and guidance falls short of forecasts

Bloomberg Daybreak

01:41 min | 1 year ago

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

Alicia Garcia Herrera Chief Asia Pacific Susquehanna Financial Husayni Nathan Karen Analyst Bloomberg Texas Walmart Asia Europe Senior Analyst China Wedbush Securities
"wedbush securities" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:48 min | 1 year ago

"wedbush securities" Discussed on Bloomberg Radio New York

"The the stock market is closed for the holiday I'm Nathan Hager let's continue our conversation on tech stocks to watch now Dan knives director of equity research at Wedbush securities is back with us Dan let's turn to a couple names that are just a few months out from their IPOs Hooper and left the two main competitors in the ride hailing business want to start with uber because it surprised a lot of folks on Wall Street with its latest guidance re surprised by it yeah there was a game changer quarter Gruber because a possibility because with that are in the team of done terms moving out for that was the biggest over hang on his name in an old doubt the group can ride sharing aware who he is profitability was the issue and I think that was a big change big step forward you've seen in the stock in which is called it is I mean since the I use both you bring last really been a nightmare for investors I think we're starting to come out of in Hoover took a major step forward with their numbers of course this was a big shift up in the guidance on when they do expect to meet that profitability target what do you think dark cars are shot he and the rest of the firm need to do to meet those numbers a lot of it's going to be a new breed of new breeds continues to be an overhang from profitability perspective and I think they're gonna have to further rationalize that business is seen as the damn sound off to India pieces tomorrow and I also think it's it's a fork in the road on the C. T. they're gonna be rationalizing again and smaller you're potentially on the silly thing shutting it down but it comes down to profitability that needs to be profitable that's when a **** demanding ending Hoover's listen and I think that continues to be the biggest risk along with D. B. five the California legislation when you think about is that something that's gonna be a tough for uber to justify keeping that kind of diversity in its portfolio without maintaining profitability I mean for for uber it's a balancing act because you look at the growth you look at where the ride sharing is two and a half percent penetration today you'll get the you'll get autonomous and they have a lot of letters but for them the scene with the stock to the public company it's in managing at private is different is the become public investors but much more pressure means scene in the stock to now they have to listen to that that's what the profitability the balancing act going to be key remember going forward these two were doing enough to rein in spending do you think I think Dave started it they still could rein in more I think they took a big step forward in terms of profitability target they also have a lot of legal expenses the E. P. five and some other issues I think they're taken to major steps for bad things still some some heavy lifting at obviously lift is going to be dealing with many of the same issues you talk about in terms of regulatory scrutiny in California and of course you know competing with uber on that core business of ride hailing a what does lift need to do to continue to differentiate itself with the master and there's no weeds and and it's a simpler model but I also think it's from a competition perspective you know going up into the upper we need to reduce sales and marketing cost asking me to balance than me with needs to grow riders grow wrapped but do in a profitable manner I think the past is there for them I would say in terms of the quarter and guidance it was a D. plus she was expecting an egg thing looper set a high bar and you saw the sell off in the stock accordingly still bullish on live I think right now just with a more prove me story from an investor perspective and a bit in the penalty box in terms of where they are because of not moving up that profitability for cash it's all about the key word right now profitability that's the key for Roger and move the stock tire me so how does a lift can we get to that a a standard that you're looking for the rest of the streets looking for when they got uber you know right next to them if you look at the group dynamics you will get ridership they can be profitable pretty quickly for them it's just about holding it off in terms of some of the expenses on where old tamale they see it and I think he could maybe contain growth in the near term but all coming back to the need to do for this balancing act to get to where they can be because you still good overall penetration ride sharing its loosing will digits and that's the key you mentioned he be five one other headwinds potentially do you see for ride sharing going forward by the biggest in terms of regulatory because a Californian and in that very complex quagmire right now that's been introduced really at the gig economy I think the the biggest risk is just that balancing act it's very difficult when you're growing it each piece then focus on profitability and please everyone especially public investors and if you look it ride sharing players the the Senshi had to change your business model on a flat once they went public investors spoken could happen to the stocks to any kind of business models changing it's very different coal that balanced news worry about snacks Q. shin read so I think there is a part of the biggest risks in the time we have left one to take a look at one more tax stock that's been doing really well in twenty twenty four net the network security company really has been on a tear since the middle of last year what do you see behind the trajectory for this company I look at cyber security in terms of where it's going to for nifty continue to D. focus more and more market share and I think you know that's where for net continues to be successful in terms of that company in yeah I think ultimately you take a step back you could some of the secular growth areas cyber security cloud and then even there there is like health care cloud this companies like new ones technology which is really started to to what I do is keep cloud to the next level on healthcare thing you've seen investors focus on accordingly so when I looked on the cyber security side for neck in time front and center as one of our core names in the sector what is it doing differently from some of its competitors in that space like Cisco Systems Palo alto networks I mean there is a lot of market share to be competed over no doubt from a market share but if you look they've been tacticians from execution from product development and from really stealing share burst competitors I think that's really been successful for net first stock that at one point was a little about driving age and now you look at it know where it is today you know well north of a hundred try continued you for net as in name that continues to move higher because of how their position in the market that's growing in eighteen to twenty percent our thanks Dan knives director of equity research at Wedbush securities still ahead on this president's day edition of Bloomberg daybreak we take a look at some of the steps China may need to take to recover economically from the corona virus it's twenty five minutes past the hour I'm Nathan Hager and this.

Dan director Wedbush securities Nathan Hager
iPhone tops 2019's best selling tech products

Talking Tech

02:33 min | 2 years ago

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

Apple Jefferson Graham Bolivia Wedbush Securities Amazon Samsung Daniel Pat Hat Analyst S. Samsung.
Facebook CEO Mark Zuckerberg faces Congress

Morning Edition

03:36 min | 2 years ago

Facebook CEO Mark Zuckerberg faces Congress

"Facebook CEO mark Zuckerberg is testifying on Capitol Hill right now and he's facing a tough audience from disinformation and hate speech to a collection content is companies under pressure plus today he'll need to give specifics on Facebook's plan for a new digital currency and here tech correspondent Shannon bond has the story and I should note that Facebook is one of NPR's financial supporters the last time mark Zuckerberg testified at a congressional hearing he was under fire over whether a political consulting firm use the private information of Facebook users as part of an effort to sway the twenty sixteen election a year and a half later that immediate crisis has passed but Facebook is under even more pressure and scrutiny today democratic presidential candidate Elizabeth Warren says Facebook has too much power I say it's time to break them up let's enforce the anti trust laws yes mark Zuckerberg I'm looking at you this started as a place for college students to find each other but now it has become the world's most influential social media site and a crucial place for politicians to reach voters along the way it's become vulnerable to misinformation manipulation propaganda critics say Facebook needs to take more responsibility now that it's so big there is a kind of a denial of just how sweeping that role is and the real harms that the platform can have on vulnerable communities communities of color without adequate guardrail someplace that's the need to give to a former justice department official she now heads up the leadership conference on civil and human rights many of her concerns will be front and center today Facebook has been accused of enabling discrimination through its ad tools the US department of housing and urban development is sued Facebook over this issue the federal agency says Facebook let advertisers show or hide housing ads from users based on their race or where they live Nicole Turner Lee is a fellow at the Brookings Institution center for technology innovation in the case of Facebook what I think we're seeing is that the tool is being used in ways I think that they did not plan for this book says it is stop letting advertisers target ads for housing jobs and credit to people based on their ethnicity or where they live and just yesterday it pledged one billion dollars for affordable housing in California but Facebook wants to go further into people's lives and soccer Berg will have to defend his plans for a new global digital currency libra leaders worry it could be used for illegal activities like money laundering or define terrorism the currency is still in the theoretical stages but it's already in jeopardy just in the past couple of weeks some crucial partners including visa MasterCard and PayPal have dropped out entirely lever sounds dead on arrival Michael tractor is an analyst with Wedbush securities I don't think Facebook could pull it off without the support of all of the different banking and credit your credit card processors payment processors I just don't think that they have the wherewithal to actually do it themselves beyond the headline topics members of the house financial services committee will get to ask soccer Berg about everything else on their minds to what is the company doing to stop election interference is a bias against conservative says some politicians claim what is that politicians lie in ads there may even be questions about whether Facebook should be broken up as it was with Warren is calling for a scenario soccer Berg round the rejects Facebook on the defensive and lawmakers eager to pile on there could be

Mark Zuckerberg Facebook CEO One Billion Dollars
"wedbush securities" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:54 min | 2 years ago

"wedbush securities" Discussed on Bloomberg Radio New York

"Adding new money and revenue from securities trading shares are up more than four percent in Zurich shares of being P. party bar higher by more than three and a half percent after second quarter of gains its fixed income trading business that trading rose about nine percent while equities trading also did better than expected shares of Lloyds banking group or lower by four percent after the firm posted a six hundred seventy million dollar provision for mis selling insurance to British consumers apple is projecting revenue ahead of expectations after reporting a record eleven and a half billion dollars in sales of services that's giving investors hope there's life for apple beyond the iPhone Dan Ives is managing director of equity research at Wedbush securities order is a major step in the right direction not just in terms of stabilization especially in China but in terms of the four casket is usually by the guidance as well as some stabilization this is a feather in the cap for the bulls so the first time in seven years less than half of apple's revenue came from the iPhone and shares are up more than four percent in early trading and overnight in Asia shares of Sam sung fell two and a half percent the company reported sharply lower profit is global trade tensions in a slumping wireless industry weighed on results S. and P. futures are higher up six point two Dow futures up seventy five nasdaq futures up about thirty to ten year treasury of one thirty second heel two point oh five percent yield on the two year one point eight three percent in the thirty year yield at two point five seven percent NYMEX crude oils up seven tenths percent or thirty eight cents at fifty eight forty three a barrel and comex gold is up a tenth of a percent of a dollar thirty to fourteen forty three ten announced the euro one point one one four eight against the dollar straight ahead we have the latest world and national news this is Bloomberg thank you Karen it's five thirty three on Wall Street let's bring in John Tucker with more on what's going on around the world good morning.

Bloomberg Sam Asia Wedbush securities Zurich John Tucker Karen Lloyds banking group bulls China managing director Dan Ives apple four percent six hundred seventy million do
"wedbush securities" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:48 min | 2 years ago

"wedbush securities" Discussed on Bloomberg Radio New York

"Wedbush securities and ahead of the market opened up all three features pointing to a lower over the Dow futures right have been sixty three points S. and P. futures they are down by imports you're listening the Bloomberg daybreak this is a Bloomberg market minute more earnings on tap for today including those from anthem AT and T. U. P. S. Boeing and caterpillar in the meantime stock futures are lower SMP futures downtown nasdaq futures down fifty Dow futures down sixty seven NYMEX crude is higher by four tenths percent just above fifty seven dollars a barrel shares of snapper moving higher in premarket trading Snapchat's growth is beating up after the company introduced an improved version of its android mobile lap and fun ways for users to manipulate their images snaps at an average of two hundred three million users logged in daily in the second quarter beating analysts' estimates and the U. S. justice department announced a broad antitrust review of whether the big tech companies use their power to thwart competition authorities didn't specify which companies they'd be looking at but strongly suggested that Google Amazon and Facebook were targets Gina Cervidae Bloomberg radio imagine imagine being denied an apartment because of your religion or your race or because you have children or disability it soon yes but who has the power to stop this each of us has the power the law is on your side it's illegal for landlords to discriminate because of race color religion sex national origin disability or familial status if you suspect that you have experienced housing discrimination file a complaint.

Boeing caterpillar Snapchat U. S. justice department Amazon Facebook Bloomberg NYMEX Google Gina Cervidae fifty seven dollars
"wedbush securities" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:05 min | 2 years ago

"wedbush securities" Discussed on Bloomberg Radio New York

"A day and I said Wedbush securities and what's next for the fed's rate thinking we'll check in with Quincy pigs of Stiefel Nicholas burns daybreak weekday mornings at five followed by Bloomberg surveillance at seven on Bloomberg eleven three OO the Bloomberg business happened Bloomberg radio dot com Bloomberg the world is listening the markets in focus every business day Paul Sweeney and laser Romeo and services sectors that you want to have more or less exposure to what's behind the engine of games analysis of the day's wallstreet action the U. S. market looks relatively safe from intelligence Bloomberg influential he joins us right now Sweeney and Lisa listen today com the Bloomberg business apple podcast why do hedge funds and other alternative managers rely on Pershing mark elder Roddy a managing director at the N. Y. Milnes Pershing and head of prime services explains in today's environment of market volatility Persians prime services is well positioned to support the needs of hedge funds and other alternative investment managers whether it's customized financing or securities lending solutions platform access for business expansion B. Y. millones Pershing is a prime broker who's committed to this business and agile enough to meet your evolving demands Pershing helps to solve the needs of clients by advocating for them providing unwavering stream deep supply an award winning service it is at the core of everything we do find out what sets Pershing's prime brokers team apart learn more about the unique and industry leading solutions for hedge funds and other alternative managers offered by B. N. Y. melons Pershing visit our website at Pershing dot com Pershing LLC member FINRA NYSE SIPC pick twenty four hours a day but this is a business function to London on neighbor change with this new book radio.

London Pershing LLC Pershing dot Pershing B. Y. millones Pershing Pershing mark elder Roddy apple Lisa Quincy Wedbush securities N. Y. Milnes Pershing managing director Paul Sweeney Bloomberg Stiefel Nicholas fed twenty four hours
"wedbush securities" Discussed on KQED Radio

KQED Radio

01:54 min | 2 years ago

"wedbush securities" Discussed on KQED Radio

"This business if you look at what HBO was spending on game of thrones that had to be ten or fifteen million dollars per episode and if you did a ten episode season that's a hundred and fifty million dollars that's a major motion picture every streaming service would love a game of thrones what's happening is streaming services are aiming to become the home for big budget scripted shows that used to be more of a big screen thing Michael packed or is a research analyst at Wedbush securities that fifty million dollar box office romantic comedy that used to dominate in the nineteen nineties into early two thousands just isn't even made anymore remember guys like rob Lowe used to be movie stars another TV stars that's like says he can use the money it no longer has to spend on shows like friends to produce even more proprietary content expensive originals like stranger things all well and good but Paul Sweeting it concurrent media says there's a risk to such a big investment one of the challenges that I think these companies are going to face is subscription fifty ten Bucks here fifteen Bucks there it adds up the Jason square at USC says more competition will ultimately be a good thing it's a golden opportunity for consumers because they will have far more choices and the decisions are in their hands so we just it's up to you if you want to pay for Netflix and Hulu and Amazon and HBO Max which is likely to come in north of fifteen Bucks a month I mean dealer for market place there is a humanitarian crisis on.

HBO Michael research analyst Wedbush securities Paul Sweeting USC Netflix rob Lowe Hulu Amazon HBO Max fifteen million dollars fifty million dollars fifty million dollar
"wedbush securities" Discussed on KQED Radio

KQED Radio

01:54 min | 2 years ago

"wedbush securities" Discussed on KQED Radio

"This business if you look at what HBO was spending on game of thrones that had to be ten or fifteen million dollars per episode and if you did a ten episode season that's a hundred and fifty million dollars that's a major motion picture every streaming service would love a game of thrones what's happening is streaming services are aiming to become the home for big budget scripted shows that used to be more of a big screen thing Michael Packer is a research analyst at Wedbush securities that fifty million dollar box office romantic comedy that used to dominate in the nineteen nineties into early two thousands just isn't even made anymore remember guys like rob Lowe used to be movie stars and other TV stars that's like says he can use the money it no longer has to spend on shows like friends to produce even more proprietary content expensive originals like stranger things all well and good but Paul Sweeting it concurrent media says there's a risk to such a big investment one of the challenges that I think these companies are going to face is subscription fatigue ten Bucks here fifteen Bucks there it adds up but Jason square at USC says more competition will ultimately be a good thing it's a golden opportunity for consumers because they will have far more choices and the decisions are in their hands so he says it's up to you if you want to pay for Netflix and Hulu and Amazon and HBO Max which is likely to come in north of fifteen Bucks a month I mean dealer for market place there is a humanitarian crisis on.

HBO Michael Packer research analyst Wedbush securities Paul Sweeting Jason square USC Netflix rob Lowe Hulu Amazon HBO Max fifteen million dollars fifty million dollars fifty million dollar
Apple May Hit $1 Trillion Market Cap on US-China Trade Deal

Mac OS Ken

00:42 sec | 2 years ago

Apple May Hit $1 Trillion Market Cap on US-China Trade Deal

"The US and China can come to a trade deal, then apple could be back at trillion dollar market cap. That's the thinking of Wedbush securities analyst. Daniel is Bloomberg had is saying that such a resolution could add twenty to twenty five dollars to Apple's share price in the coming months. The report has the analyst arguing that a US China deal would take away the primary China risk, which is a dark cloud over the stock, now even with that dark, cloud Ives things investors are pricing in worse than as likely to hit apple in his estimation. I've says now perform reading on shares his price target on the shares is two hundred thirty five dollars

Apple China Analyst United States Wedbush Bloomberg Daniel Two Hundred Thirty Five Dollar Twenty Five Dollars Trillion Dollar
Chipmakers are cause for broader concern

90.3 KAZU Programming

01:53 min | 2 years ago

Chipmakers are cause for broader concern

"Know, it's hard out there for a semiconductor chip manufacturer broadcom announced this week, it missed its earnings targets for the second quarter lowered expectations for the rest of the year two that did a number on broadcom share stock and a half a dozen other chipmakers electronics manufacturers as well. And none of that reports, marketplace's Benesch your bodes. Well, for the global economy things are going to get better. It'll be okay. Twenty nineteen it's going to be when things turn around that is what the US semiconductor industry has been telling itself, and everybody else for the past six months. Tristen garra is an analyst with our WBZ. About dairy patients for a week. And then the US China trade negotiations fell apart, the US government blacklisted, one of the semiconductor industries big customers why? And when US based broadcom, major supplier of why reported it had missed earnings yesterday. The trade wars collateral damage was made plain for all to see the high hopes for twenty nine nine came crashing down. It was a punch to tech investors. Daniel is managing director at Wedbush securities, not only head broadcom lost out on sales to why way orders in general were down is that this could be a canary in McColl mine for broader weakness, ahead brought her weakness, not just for other chipmakers. But for the entire tech sector uncertainty is debilitating for companies with complex supply chains. Like cell phone manufacturers. And there's a specific concern that a cycle of retaliation between the US and China is kicking in where US tech companies will be targeted. Craig else is with be Riley. F B R. The sector is at affective leading. Indicator for broader economic trend. Not only is the semiconductor industry. A bellwether for the economy else says, recently, it's been foreshadowing moves in the

United States Broadcom Tristen Garra China Wedbush Securities Analyst Managing Director Craig Daniel Riley Six Months
Broadcom's $2 billion warning rattles global chip sector

Marketplace

01:56 min | 2 years ago

Broadcom's $2 billion warning rattles global chip sector

"You know, it's hard out there for a semiconductor chip manufacturer broadcom announced this week, it missed its earnings targets for the second quarter lowered expectations for the rest of the year two that did a number on broadcom share stock in a half a dozen other chipmakers electronics manufacturers as well. None of that reports, marketplace's refinish for bodes well for the global economy things are going to get better. It'll be okay. Twenty nineteen it's going to be when things turn around that is what the US semiconductor industry has been telling itself, and everybody else for the past six months. Tristen Garrett is an analyst with our WBZ pretty much old. I could've campany about their expectation for aids can ahead, we cover, and then the US China trade negotiations fell apart, the US government blacklisted, one of the semiconductor industries big customers why? And when US based broadcom and major supplier of why reported it had. Missed earnings yesterday. The trade wars collateral damage was made plain for all to see the high hopes for twenty nineteen came crashing down. It was a gut punch to tech investors. Daniel is managing director at Wedbush securities, not only had broadcom lost out on sales to why way orders in general were down the here is that this could be a canary in the coalmine for brought a weakness ahead Rutter weakness, not just for other chipmakers, but for the entire tech sector uncertainty is debilitating for companies with complex supply chains. Like, say cell phone manufacturers, and there is a specific concern that a cycle of retaliation between the US and China is kicking in where US tech companies will be targeted Craig else with B Riley. F B R. The sector is at affective leading indicator for broader economic trend. Not only is the semiconductor industry. A bellwether for the economy else says, recently, it's been foreshadowing moves in the stock market in New York. I'm Sabrina sure. For

United States Broadcom Tristen Garrett China Wedbush Securities Analyst New York Managing Director Rutter Daniel Craig Riley Six Months
Broadcom's $2 billion warning rattles global chip sector

Marketplace

01:50 min | 2 years ago

Broadcom's $2 billion warning rattles global chip sector

"Broadcom announced this week, it missed its earnings targets for the second quarter lowered expectations for the rest of the year two that did a number on broadcom share stock and a half a dozen other chipmakers electronics manufacturers as well. And none of that reports marketplace's finish your bodes. Well, for the global economy things are going to get better. It'll be okay. Twenty nineteen it's going to be when things turn around that is what the US semiconductor industry has been telling itself, and everybody else for the past six months. Tristen garra is an analyst with WBZ. About dairy patients for as. And then the US China trade negotiations fell apart, the US government blacklisted, one of the semiconductor industries big customers why? And when US based broadcom, a major supplier of wow, eight reported, it had missed earnings yesterday. The trade wars collateral damage was made plain for all to see the high hopes for twenty nineteen came crashing down. It was a punch to tech investors. Daniel is managing director at Wedbush securities, not only head broadcom lost out on sales to why way orders in general were down were years. Is that a canary in the coalmine for broader weakness ahead, runner, weakness, not just for other chipmakers, but for the entire tech sector uncertainty is debilitating for companies with complex supply chains like cell phone manufacturers. And there's a specific concern that cycle of retaliation between the US and China is kicking in where US tech companies will be targeted. Craig else is with be Riley, F B R sector is at affective leading indicator for. Broader economic trend. Not only is the semiconductor industry. A bellwether for the economy else says, recently, it's been foreshadowing moves in the

Broadcom United States WBZ China Tristen Garra Wedbush Securities Analyst Managing Director Craig Daniel Riley Six Months
"wedbush securities" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

01:48 min | 2 years ago

"wedbush securities" Discussed on Newsradio 700 WLW

"Well, not teachers indicate a lower Wall Street open after a higher close yesterday. On Wall Street, the Dow is up one hundred and two points, the s&p added twelve or four tenths percent. The NASDAQ jumped forty four investors are doing their best to stay up beach with political tensions around the globe. And the end result trade dispute between the US and China s and p futures are down six NASDAQ futures down forty seven Dow futures down twenty nine NYMEX crude is it fifty two dollars and fourteen cents a barrel, a resolution to the U S, China trade dispute could add as much as twenty five dollars a share to apple stock price and take it back to a trillion dollar market value. That's according to a Wedbush securities analyst apple in August became the first US company with a trillion dollar value, though it's been below that since November overseas. European markets are slipping after Asia. Markets closed narrowly mixed. Gina Cervetti, Bloomberg radio. Six forty right now. Jug ingram. Yes, it is. Story here of a lady who ordered a bikini online a size sixteen. Okay. Would that be large bikini on women's sizes? I guess they didn't have one so they sent her to size eight. Yeah, that'll do what do I do or out? That's funny. That's very good says to make matters worse. The proper size. Sixteen bikini top has made to fit. She says a sixteen month old baby or a woman with just one breast on. Put it on, I guess. Well, Alice would, you know? So she's going to send them back. Yes. I'm Bobak traffic..

Gina Cervetti US apple Wedbush securities Jug ingram Alice China NYMEX Asia Bloomberg analyst U S trillion dollar twenty five dollars fifty two dollars sixteen month
Best Buy names first woman CEO as Hubert Joly steps down

Marketplace with Kai Ryssdal

02:02 min | 2 years ago

Best Buy names first woman CEO as Hubert Joly steps down

"Number one is a change at the top of the recently written off as defunct electronics retailer best buy the company this morning named Corey berry as its new CEO. She'd been chief financial officer the past three years, she will replace Bertolli who'd been in charge since two thousand twelve and is widely credited with earning best buy around so marketplaces, and your has more. Now what the change means for best buy in. It's never ending competition with Amazon and other internet retailers who bear show Lee was an outsider. Best buy brought him in from the hospitality industry to deal with plunging sales, dwindling profits as more people went online to buy TV's and laptops. Joe Feldman is with the consulting firm tells the advisory group Huber Joe Lee helped transform the company and turn things around and show that there is important position for consumer electronics retailer in America to go ahead and compete with Amazon under show Lee best buy matched online prices used stores warehouses to fill online orders and added services like in-home product installation, the incoming CEO Corey berry played an instrumental role in best buy's turnaround, branding consultant Denise Leon says berry should move the company even more aggressively into services over gadgets. Yes, we will continue to have more and more devices and more technology, but the way they're integrated into our lives is becoming more personal. And therefore, we require a service provider to be in person with us provide that kind of in-person service best buy his so far managed to avoid the fate of belly up big box retailers, like Circuit City, toys, R us and sports authority, but Michael pack. Her with Wedbush securities has eventually best buy ship is gonna run into one of those icebergs. It's been dodging. I believe my kids will never shop at best buy ever, they're nineteen. And I think my kids are pretty average. He says best buy can thrive as an electronics convenience store where we get phone chargers and adapters when he can't wait. But he doesn't think best buy needs a thousand stores to do that.

Corey Berry Huber Joe Lee Amazon CEO Bertolli Chief Financial Officer Wedbush Securities Joe Feldman Circuit City Denise Leon Michael Pack America Consultant Three Years
"wedbush securities" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

02:01 min | 2 years ago

"wedbush securities" Discussed on WBZ NewsRadio 1030

"TV and movie streaming operation the credit card and the gaming subscription, and gene Munster co-founder of Luke venture says all this could help keep investors. Happy for the street to have services doubling over the next four years, which is generally what most analysts are expecting you need to have these type of new products of Wedbush securities says bundling the services could be the golden goose for the iphone maker them making themselves a distribution platform and Puerto bid that media tech capital partners says with its massive audience apple will use that platform to remake itself the world hasn't understood what apple is going to unleash and become over the next couple of years and bid says it may look like apples competing with Netflix. But actually, it's aiming higher. They're almost on the verge of becoming a we chatter. An alley pay pays China's massive global mobile payments network. We have is ten cents messaging, social and payments have known. This the app for everything. I'm Denise Pellegrini. Bloomberg business on WBZ. Boston's NewsRadio President Trump threatening to not only close the border between the US and Mexico. He's also planning to cut off US, financial aid, dwell Salvador Guatemala Honduras. Three Central American nations were many migrants. Come from the cuts, though may not go through here's ABC's tariff. L bury the State Department announced it will work with congress to suspend aid already allotted to the Central American countries for two thousand seventeen and two thousand eighteen but overnight congressional Democrats are already saying that they'll fight. This. Trump administration says the surge of migrants coming into the US through the southern border is creating a humanitarian crisis. Leo lacayo. President of the San Francisco Hispanic Republicans supports the president's idea for the border at port is controlled by the drug cartels, and is controlled by criminals human, traffickers, it is not control. Rolled by the Mexican government or the US government. Somebody has to be an adult and take control knob de Soltani, you the American Civil Liberties union disagreeing with the president's plan. The border.

US President Trump President apple Wedbush securities American Civil Liberties union gene Munster Denise Pellegrini Luke venture Salvador Guatemala Honduras Leo lacayo Mexican government co-founder Bloomberg ABC China Puerto
"wedbush securities" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:38 min | 3 years ago

"wedbush securities" Discussed on Bloomberg Radio New York

"Protections dangers are real consequences to important cook said just one problem hours later, a flaw was exposed in Apple's FaceTime group chat which could allow people to hear and see you before you pick up apple has since disabled FaceTime feature instead of fix would be available later this week still with us to discuss Wedbush securities, managing director, Dan is in New York in studio. We've got a sim co founder Horace steady dental you get first crack at this one. But how embarrassing is this? Book I think it's super swoop because if you look at cook and apples DNA in terms on the privacy side, they continue anyone can you start at sea. Yes, I'm you, obviously, the the Arab pies and they took out. There was a shot across the bow. And you put yourself on a pedestal, and I think that's that's the danger here. But look, I think it just speaks to broader concerns and just overhanging overall tack in terms of privacy in terms of potential regulation and apple border one is caught in the crosshairs. But I think that's why this is the big Phuc is for technology investors, not just for apple but across the whole tech sector. So or look it doesn't look good. They're fixing these things happen. But Tim cook has made a point of putting himself out there. The company out there. We are on the right side of history when it comes to privacy taking on companies like Facebook taking on companies like Google, you know, when there are some things that you could point to as hypocritical. That's true. And even the security company company, like a Microsoft is really focused on make sure you know, corporate corporate security is important to them. Also, get caught up in all kinds of bugs. And I. In the software business out of millions of lines of code. You're going to have failure. What what's important I hear is messaging insincere of dealing with it very very quickly getting in front of the problem. And so they shut down Facebook immediately. Relatively speaking. They'll have to push out. Reface that they'll have to push how to fix immediately as well. So the quicker. You respond is what matters here. Let's talk about the messaging from apple and the reality mean how how much is apple really on our side. Well, I think the core business model is at stake. Here we're talking with apple is that they're saying you buy our hardware at a premium and we're going to protect your privacy, that's fundamentally the bargain being struck. Whereas they don't sell access to the individuals data in any way, which is the opposite business model. If you will. So apple has had this notion that we are charging the premium for product that we're going to basically not sell anything else that is still the case. And it hasn't changed. The logic here is to preserve that persona for apple the brand value of premium equals privacy. Dan username indication that what Tim cook is saying is impacting some of these other companies is it hurting Facebook is it hurting Google? Your guests earlier. I think that's a great way of summarizing. I think apple needs to be a line in the sand here in terms of how they view themselves the DNA of Cupertino, and I look I think it has heard a bit of TAC, and I could tell you someone sends a lot of time in the valley. It's a divisive issue right in in terms of how apple has gone after the privacy. But I do think it's important because it is their business model you need privacy this special in today's world there were seeing more and more breaches as well. As other sorta things out there that consumers are worried about from their protection their privacy. It all change last March one Zuckerberg wants you went in front of congress. I think that's where apple and cook realized they needed to kind of draw a line of distinction. That's what he's done. Now. Apple shares are up almost six percent now on the back. Of these results. I want to dig into some of the other story lines here. But I I want to point out that horse. You're wearing not one but two apple watch. First of all why because I carry two phones, and it turns out if they don't wear one. I listened a lose all the alerts because I'm using basically, this is this is my remote remote control to my phone. So I don't have it. I don't I don't get calls. So you're not worried about privacy or any? So let's talk about what's happening wearables, though. Because we got a number seven point three billion dollars for wearable, home, and accessories. What does that number tell you? Well, first of all wearables separate from other separate from home is going at fifty percent. And that's been going on for some time. I sit this some time ago about a year ago that the the apple watch now is a bigger business than the ipod ever was it's has overtaken the historic ipod. And so we're we're seeing tremendous growth story there with the latest version that now has a bigger screen has has on board. Telephone function. It's just a great product. Now, the health angle is something that's emerging as well. And there we have the functionality. We're gonna have probably more sensing going on there. So I think Apple's really using the watches as the focus there on the other side, though, the negatives. Here are that the other categories seems to be flat. That means the home pod in the apple TV are not really booming there's steady, but they're not growing, and that that may be something to be addressed with with services going forward because a subscription service, providing unique content there rumors that they're getting into the studio business and they're getting into the production business, and that would mean maybe a boost in that category. As well. Now, Dan, anecdotally, I've seen a lot more people wearing the apple watch. But how big do you think this business can actually be okay? It's it's been very successful. But ultimately, it's bread at the restaurant. It's an appetizer. At this point. In terms of what it means to the apple store. I think over time it could be maybe more significant piece. But right now, the focus is hardware iphone wed to services. And I think, you know, the question now is how do you get more services into the flywheel that's going to be the key for apple you have more wearables out there, but it comes down to content. I mean, we continue strongly believe that's what's missing in the product portfolio significant condescendingly drive into the services. And I think look when you go to a dark chapter Dave gone through over the last few months, and we'll continue good through what they're seeing in China. Now, it's a point you got the install base put a fence around the drive it on the services side with wearables, definitely a silver lining out there as you've highway, and I think you show that again this quarter Tim cook on the call just now saying confident. As ever in the fundamental strength of our business, and we have a very strong pipeline of products and services with some exciting announcements coming later this year Horace, what could those be the problem is Tim says this all the time? So I really don't know. I think that. I think content deals is something that people are looking forward to. I think more healthcare things are really exciting. They're doing trials. Really? I said this also wants that. I think more people will have diagnosed diseases through apple products than some of the EKG's in doctor's offices, for example. So we're really seeing something there may not be a business for a long time to come. But these are really exciting things that drive loyalty to drive customer satisfaction. And we see those numbers just in the nineties all the time with apple. And this is this Bill fundamentally on their question of like you have an installed base that's going to be reliable going forward. One point five billion people are going to be using apple products within a couple of quarters from now one point five billion is more than the windows installed base on that magnitude. So great. Great great audience to half or apple to introduce new products new services. Really interesting experimental stage. I think here. All right. Well, we'll have to leave it there. We're going to continue to cover earnings and Horace. Now, we know if you don't pick up on one line, we will call you on the other. Simcoe Dan Ives Wedbush continuing this conversation about apple throughout the hour. You can turn to your Bloomberg terminal for more on Apple's results. Just check out t live go to get commentary and analysis from our expert editors we're.

Apple Tim cook Dan Ives Wedbush Facebook Horace Wedbush securities Google co founder Microsoft Bloomberg managing director Cupertino New York Zuckerberg congress
"wedbush securities" Discussed on KDWN 720AM

KDWN 720AM

01:44 min | 3 years ago

"wedbush securities" Discussed on KDWN 720AM

"Nancy Pelosi told NBC's today, despite the invite back to the White House this morning, Democrats aren't giving in are you willing to come up and get him some of this money for the wall. Because apparently that's sticking point nothing. We're talking about border security the wall, but that means. Back and forth. How many times can we say nothing for the wall? Now. Republicans who control the Senate are hesitant to take up the the Democrats budget package without President Trump on board. Apple's stock went into a slide Thursday. That's an understatement has after the company reported a slowdown in iphone sales in China, a huge important market for the company Daniel is of a Wedbush securities blames apples pricing model along with supply and demand put them in. This is probably the darkest chapter for cook. And apple and the iphone history. It was a map of miss for the December quarter with China's the key corporate Amine, China revenues essentially missed by forty fifty percent. This is really a gut punch of the street and even though expecting soft numbers. This was really even beyond the realm of negative possibilities. Eight percent revenue miss for apple is in the last decade. That's really unheard of. I think it just speaks to how demand for this weight is iphone especially in ten are in China really was met with minimal demand and fundamentally now going forward. It looks about twenty to twenty five million iphones will be sold from apple, and that's something which is going to have ramifications across tack including stem McCain's. But what's really happening is.

Apple China Nancy Pelosi NBC Wedbush securities Senate White House President Trump McCain Daniel forty fifty percent Eight percent
The iPhone XR Is More Than Enough iPhone for Pretty Much Anyone

Mac OS Ken

02:53 min | 3 years ago

The iPhone XR Is More Than Enough iPhone for Pretty Much Anyone

"We're starting to get predictions around. I phone ten are and its future loop ventures. Principal gene Munster isn't worried about short lines outside about both stores. Though. He does seem worried that others might be worried riding on his berm site. Mr. Munster said the prevailing narrative surrounding the new iphone ten are is that it's a disappointment a second class device that will never live up to the iphone ten s. I hadn't heard that. But apparently, he has he only brings it up, however to call it pure fiction Munster says he and his expect the iphone ten are to be the most popular iphone in twenty nineteen as consumers began to see the phone in the wild and recognize its value. Of course, that means value for apple as well, monster incumbency think iphone ten are will help push phone unit growth three percent higher fiscal year twenty nineteen versus fiscal year. Twenty eighteen. So then where were the lines last Bri day? The analysts seized three reasons for their absence won the iphone ten s to the early line waiting adopters. His data shows there is less excitement for the ten are amongst early adopters to online orders continue to take away from launch day demand at apple stores and three short lead times for the iphone ten are now averaging less than two weeks. Don't incentivize people to wait in line to get phone earlier because yeah lead times are short. My check in the middle of the night last night shows a wait time of three to five business days. Singing a similar song on iphone ten are as Wedbush securities analyst. Daniel is CNBC had the biggest apple bull around saying Friday that Apple's lower cost. I phone will be just what Apple's looking for in the middle kingdom speaking on the financial channels program power lunch. I've said it's all about China. We think this is sort of that fuel and the engine that apple is looking for in terms of that demand. Interestingly both Ives and Munster think the lower cost iphone could lead to a higher average selling price for iphone and Munster's case he thinks a little over half of iphone ten are buyers will by either the one hundred twenty eight gigabyte model or the two fifty six goodbye model versus the sixty four gigabyte version, though, it's not spelled out that way in the CNBC piece one assumes that that's I've thinking is. Well, the Cording to the report I've said the average selling price or ASP could be fifteen to twenty percent higher than analysts expectations over the next few quarters.

Gene Munster Apple Cnbc Principal China Wedbush Ives Daniel Analyst One Hundred Twenty Eight Gigab Sixty Four Gigabyte Twenty Percent Three Percent Two Weeks
Microsoft beats Wall St targets on cloud services revenue

Bloomberg Markets

03:23 min | 3 years ago

Microsoft beats Wall St targets on cloud services revenue

"Your winners and losers movers and shakers on this Thursday afternoon I'm. Gonna kick it off though with a look at Microsoft earnings Bloomberg equities reporter belly Lipshultz also in the house with, me, to talk about. Some of the names. On the move Microsoft fourth quarter revenue it's beat thirty point one billion versus the estimate that was out. There twenty nine point twenty two billion fourth-quarter earnings per share also a beat six cents better than what Wall Street was forecasting a dollar fourteen share versus the estimate of a dollar eight that was, out there, and they're, breaking down, some of their business metrics fourth quarter intelligent cloud revenue cloud crucial to so many of these technology companies including Microsoft and cloud. Revenue for the quarter of nine point sixty one, billion dollars so quick check on Microsoft in the after hours and we're seeing that stock. Little bit, lower right now just down about. A quarter percent but again these numbers just crossing the Bloomberg so we'll look for a more insight into that quarter and we'll have some analysis later on with our own analog What are you looking. At valley, just going off that options were. Pricing in about a four percent move after these earnings so present higher percent either way depending on that got it Doubt about one percent right now so you could see it pick up three as investors digest the data but looking at a company that missed and fell tremendously EBay suffering its worst sell off since October twenty, sixteen company cut its revenue outlook for the year and that restoked some concerns that ebays losing footing to a world. Kind of all encompassing, by, Amazon in the, e Commerce Department analyst, noting that some investors are getting, to the. Brink, where. They're going to potentially throw in, the towel on the company if it. Continues underperform. Stocks closing below thirty five dollars a share keeping in mind back. In February popping above forty six so quite a? Lot of volatility but a tough day for the company all right I, just want to mention. That you mentioned essentially brought up Amazon would you get the their prime day shopping total. And that was topping fourbillion chopper spending four point two billion during Amazon their prime day sell it's up thirty three percent, from a year ago? This according to estimates from. Wedbush securities The. Amazon, isn't, put the numbers out and it's a thirty six hour event that began on money but nonetheless I did want to take a look at Amazon shares and that stock was. Down at one point six percent in today's session but Amazon of course, looking at about fifty five percent gain so far in two thousand eighteen what else I'm looking at other companies reporting earnings regional entrust banks having another tough session fifth third BBN t. b. n. y. Mellon all reporting earnings all letting down in some way or another all plunging fifth third, posting and mix second quarter while BBN t- posting for your outlook that Raymond James called a bit softer than expected. Obviously today was a, tough, day four or, financial stocks broadly underperforming, in being the worst performer in, the main. Eleven, and. The s. p. so a tough, day for financials across the board you. Ever talking. About that and we actually had a guest I think it was. Yesterday was it David Dorfman John excuse me who? Likes some of the regional names fifth third by the way your third, because decline Kleiner and. The s. and p. e. bay is your number one decliner in the s&p five hundred As we speak Comcast let me just mention that. We talked, about it earlier big headline this morning kind of woke us all up Comcast saying it's no longer, going to be looking to. Compete with, Walt Disney, for a swath of, twenty first century FOX's entertainment assets so Comcast saying I'd rather focus instead of winning control the British,.

Amazon Microsoft Comcast Bloomberg Lipshultz Kleiner Walt Disney David Dorfman John Commerce Department Reporter Brink P. E. Bay Mellon Analyst Raymond James FOX Thirty Three Percent
Stock futures drop on disappointing earnings, trade tensions

WBZ Morning News

01:02 min | 3 years ago

Stock futures drop on disappointing earnings, trade tensions

"Morning good morning Andrew Your money's us Amazon has already announced that its, prime day event earlier this week resulted. In more people than ever before signing up for prime membership and once they signed up, clearly a lot of them went shopping Wedbush securities estimates shoppers spent four point two billion. Dollars collectively during the event that's up a third from a year ago that estimate tops a pre event prediction of three point four billion dollars from core site research it, was mostly a win for Wall Street yesterday as. The Dow and SNP ended higher but the NASDAQ, slipped a fraction is. Some big tech names backed away from recent highs stock futures today slipping following losses in Asia and a lower. Opening for most European markets as Japan reports a drop in. Both exports to and imports from the United States showing tariffs having an effect on trade right now SAP futures falling seven. NASDAQ futures down twenty two Dow futures losing sixty one. Oil futures also pulling back losing more than a half dollar to just above sixty eight dollars a barrel business reports at. Eight and, thirty Thirty eight past the hour I'm Andrew.

Wedbush Securities Amazon DOW Asia United States Japan Four Billion Dollars Sixty Eight Dollars