they wouldn't have even brought it up. >> it's deirdre. there's this idea apple perhaps more than any other tech company owns and controls the primary technology behind its products when you look at how reliant it is on china and you said the idea it can quickly diversify is akin to a moonshot, is that still the case can you say that about apple given what the impact of its china operations could now have? >> the short answer is, yes, deirdre and, by the way, i no longer just link a china issue, you have to connect china and taiwan and all of apple's chips, its core proprietary chips are made in taiwan i still think even though the company's made good strides into in india, we're still looking at a moonshot where else will you find a million works to subassemble iphones. it's putting everything together these phones are still hand built by human beings, not robots and they're so thin that it takes so many people to do this >> so do you think there are black swan scenarios in apple's desk drawer that looks at geopolitical conflict regarding

deirdre bolton, abc news new york thanks deirdre of cyber. monday is old news. maybe travel tuesday is more your speed experts say tomorrow you're likely to see more deals on travel than any other day in the post thanksgiving sales period. the travel mom, emily kaufman says the secret is knowing what you want. if you're looking for family fun, for example, take a look at legoland resorts. lego land resort california is offering up to 50% off if you want a big city experience in times square, new york hilton times square has an offer of up to 25% up, plus free daily breakfast. you don't have to be as specific when it comes to las vegas. she says. that's because all hilton properties in las vegas are offering up 30% off. other experts say you're likely to score the best deal for travel far in advance. and, of course tomorrow is also giving tuesday so lots of ways to spend your money if you were talking about vegas deals yet 30% off, all right, coming up jay leno back in the saddle, barely two weeks after his horrific accident. how he's now joking about the burns h

just on the heels what david and deirdre talked about with google cloud, though, carl. a huge point of pride for google to even be number three. so far behind. the cloud business had not been professionalized and brought up to enterprise grade in the industry, talk is that thomas kurian has done that and strategically an important area for them i would be shocked if they pulled back significantly on that area, given how important it is. you know, on the early gains question, it might be later innings for infrastructure, but when you talk about cloud and you talk about digital transformation, got to about dev ops, profitability and applications got to think about the global opportunity. i think if you're just talking about infrastructure, you could talk about it being mid our late innings. now the conversation is moving more towards margins and profitability and consolidation. not because the cloud is matured, but because moving into a different phase. >> yeah. end with what i hear from many people who own the stock, guys simply in their opinion alphabet is cheap and it'

. >> good wednesday morning, welcome to "tech check," i'm deirdre boese with jon fortt, today a ton of movers to get to o' we're talking airbnb, intuit, para paramount, how that is all impacting results. plus, zoom info and chegg heading in opposite directions this morning the ceos of both of those companies with us this hour. and two big bear tacalls. >> wow, that's a lot but we've got yet another angle for you to start our feed this morning, and that is chips, amd confirming the pc slowdown they warned about a month ago still bilullish on data center. that stock is higher we're going to get more data on the difference in demand between consumers versus auto and industrial customers when qualcomm reports tonight kristina partsinevelos is with us for more on both companies. hey, kristina. >> hello, jon. so like you mentioned, data center sales really helped cushion the blow with amd's latest earnings. you had a miss on the top and bottom line, q4 guided lower because of weaker pc sales driving the client segment closer to what i can maybe call bottom down 40% year-over-year pc sales wi

let's hit the amazon story it's a huge winner and others money-losing businesses deirdre bosa joins usis follows the trend of cost-cutting moves this week also, they're telling so this trend continues, the journal reporting that it's looking at the alexa unit it's all those devices like the echos, echo shows, fire tv, by the journal records in some years, it lost so what else cook on the table aws's cloud business as well as advertising, those are the profit engines but do remember that it has been trying to get, with little success, at least if you look at the market share that it and whole foods has been able to get. also spending a lot of money on prime video content, like the lord of the rings series, and nfl football >> i do wonder while the market is cheering and cost-cutting, when the focus turns to growth again inches we are dealing withsome somebody like meta, where their profit margins are seen as being totally under their control. they beefed up so much, that it's a rationalization moment. i don't think we're talking about that with too much growth and chasing bodies in a sc

abc's business and economics correspondent deirdre bolton has more on what to expect come cybermonday. >> reporter: tonight, with americans already spending a record amount since thanksgiving day, analysts are forecasting yet another record for the next 24-hour shopping cycle starting right now. >> it is probably best to pull the trigger and buy, sooner versus later. >> reporter: the biggest online shopping day of the year fast approaching, cyber monday, and many retailers dropping their deals early. >> the pressure is definitely on the retailers. they know consumers are strapped. they know that their budgets are getting eaten up by their heating bill, their rent, these necessary grocery purchases. so the pressure is on, you know, for them to compete with each other. >> reporter: adobe analytics forecasting that americans will spend more than $11 billion dollars online in the next 24 hours alone. up more than 5% from last year. inflation, a huge factor looming over this holiday season, holding stubbornly at a 40-year high. but in the meantime the deals are here. amazon offering up to

abc's deirdre bolton is here with more.d morning, deirdre. >> reporter: there are at least three big retailers not waiting until tomorrow to roll out cyber monday deals, amazon, walmart and best buy are starting their crazy deals today. if you're shopping for a new computer, phone, other kind of electronics, you can find some pretty big discounts. amazon will have surprise deals every 30 minutes going into monday, offering up to 45% off on select black & decker home tools, up to 40% on audio gear. now walmart, tons of deals on home items, tvs, laptops and hundreds of toys. best buy, shoppers can find an apple mac. laptop, $150 off. now, adobe analytics forecast that cyber monday will be the season's biggest online shopping day bringing in $11 billion. eva. >> americans are in the grip of a 40-year inflation high, so my question is, how are people affording all this shopping? >> that's an excellent question, eva. for the moment americans are putting some of those concerns about inflation aside, they are spending record amoun

good morning, deirdre. >> reporter: good morning, eva., butter, flour up 25% or more from this time last year, thanksgiving hosts are going to have to get creative. with less than two weeks to go until thanksgiving -- >> i go to my mom's house, we're going to have fried turkey, greens, collard greens, potato salad, yams, a little bit of everything. >> reporter: shopping for this year's holiday dinner amid record-high food prices will be costly. >> it's heartbreaking because like you go see something that used to be $2, $3 is now like $7 to $10 and i'm like, how are people eating? >> reporter: the per pound prices for turkey, the holiday's biggest staple, now up 17%, food costs are so expensive that some supermarket chains are offering free turkey giveaways and honoring last year's prices. >> if we didn't have the money to have a big thanksgiving dinner, we can only make a few dishes. >> reporter: if you're on a budget save at the checkout counter, especially if you're flexible. >> you can use chickens, you can have seafood if that's somet

thank you, deirdre it's having an impact on u.s. estee lauder which got hit, up 8.3%, metals and mining stocks rallying as well fin stocks big movers -- fintech after reporting quarterly earnings block is booming after beating on the top and bottom lines thanks to a 51% increase in gross profit at its cash app business paypal under pressure after issuing a weaker fourth quarter revenue forecast coin base is higher as higher than expected user numbers offset a wider loss and revenue miss kate, what was the tone on the earnings calls from the fintech executives as their stocks have been hit very hard this year and some getting some relief today. >> i have to say the tonewas a lot more conservative than what we've heard in prior years in prior quarters paypal, block and doin biz, you think about these as the growth names, the big winners during the pandemic, they used to talk about customer acquisition and a lot of those ambitious plans to take on the banks, being a one-stop shop for finance. definitely not this quarter. it was all abo

welcome to "tech check," i'm carl with deirdre. jon is going to be with us in just a bit he's wrapping up a conversation with the fcc chair at the paly center for media, and i'll bring us those highlights in a minute. in the meantime, lyft, take-two, trip all plummeting on the heels of their results we'll dive into the state of the consumer and discretionary spending on a day where the dow hits its highest intraday level since august take-two, activision reporting we're joined by microsoft's head of gaming. and then b of a cutting its target for apple the analyst behind that call is going to join us to explain. >> we'll start with continued pressure on consumer spending. take-two, carl mentioned this, it is plummeting after slashing q3, spending on mobile game hit particularly hard. lyft also down big user growth slowing, active rider growth the slowest on record those shares down 20%. ouch president john zimmer pointing to weakness in delivery and takeout as consumers tighten their belts, and another example of a pullback, there's

with costs rising, we have deirdre bolton here with how to save and how to make your tree last longerr, this can be a little bit of a family adventure. the point is you do it together. family and friends. >> there it is. >> reporter: it's one of the ultimate holiday symbols but this year instead of rocking around the christmas tree some are seeing a nightmare before christmas as inflation sends prices soaring. >> the trucking and the supply chain is just awful. we try to keep our prices as reasonable as we can because we know families are struggling right now. >> reporter: farmers' production costs are skyrocketing. >> delivery is a big problem. freight has been really expensive. labor continues to creep up and we're experiencing all of that. >> reporter: as a result, you may pay more for your tree this year. >> we use fertilizers. we use other, you know, weed items and we've spent this year probably 30% to 35% more on the inputs that go into the farm and we have raised our prices about 10%. >> reporter: the majority of growers cited a likely wholesale price increase of 5% to 15% comp

abc business correspondent deirdre bolton is here now. good morning to you.re seeing record shoppers, huge spending this long weekend, but the fed economists also warning the chance of a u.s. recession is about 50% for next year, what does that say for state of economy? >> reporter: the state of the economy for december is strong, because consumer spending is two-thirds of our economic activity, that means what we all collectively spend and that's showing economic strength, so if we judge by the record holiday spending so far things are looking great. now experts say while americans are concerned about 40-year high inflation levels, especially for basics such as rent and groceries, holiday habits are hard to break, so most people will find other ways at other times to tighten their belts, so far shoppers are buying gifts in two big categories -- toys and electronics. some of the hottest toys, we have a list for you. squishmallows, roblox, paw patrol, cocomelon, now top gaming consoles including nintendo switch, xox series x and playstation 5. as for electroni

i am jon fortt with carl quintanilla and deirdre bosa live from the wndrco summit in california's half moon bay today, elon musk looking for attention taking aim at a new target, apple. more on that story in a moment plus, the status quo is gone for media at least according to disney's ceo bob iger. we will discuss that and more with wndrco founding partners sujay jaswa and jeffrey katzenberg that's not all, another star-studded day here as "techcheck" cloud week continues. don't miss my interview with amazon as adam selipsky and how he's handling the economic vol tilts later this hour. big show ahead. >> yeah. a very large show ahead. we have to start with tech's growing battle of the behome most's as elon musk takes aim at apple and a battle for the, quote, future of civilization. steve joins us with more on what is at stake. there are a lot of issues and tweets to unpack as per usual when it comes to musk. >> i'm going to focus on one of the tweets elon musk claimed in one of the tweets yesterday that apple, quote, threatened to remove twitter from the app store but that's not how a

i'm carl with deirdre and yon, who joins us live from las vegas. today, a big hangover for tech stocks after last week's big gains. why one strategist says buy apple peer plus, we will look at amazon and what comes next for retailers on this news out of the times and also ahead of results from bellwethers like walmart and target in the next few days and reports of layoffs there finally, wall street in the mood for chips today amid a slew of upg upgrades we'll break down the street's key number first, new numbers from the fed around inflation hey, steve >> yeah, carl, good morning. not very good news from the new york fed survey of consumer expectations with inflation rising across the board for all tenors let me give you a chart, the one-year up 5.9% is the expec tase for inflation in one year. that's up a half a point after declining for several months in a row. the three year up .02% inflation expectations surge for gas prices and food. in fact, the one-year outlook really mirrors the rise in gas prices over time unemployment expectations hitting

deirdre bosa joins us.id policy for these stocks >> yeah. and if you have the risk appetite china has been a great place to be this morning k webb up 25% versus 7% for the nasdaq the out performance shining through. i look at this chart as well which goes back to the end of 2020 and you can see what a terrible bet the k web has been. they have been under performers of tech as well. what's happening now, though, is foreign traders are embracing chinese stocks and kind of stopped the rally so far, but as you mentioned the relaxation and covid policies that we got friday beijing time, is causing those foreign investors to get back in to there's risk appetite once again some say that the fact that this policy relaxation is coming from beijing at a time when covid cases nationwide in china have surged to a six-month high, major outbreaks in gown go and beijing, maybe this is a sustainable rally because we've been here before in terms of is china investable or not and going to open up or not. >> it will be a test

so i mean, what is iger going to do >> deirdre, creativity can't be a side show. it's all about the content >> i don't we can't say that >> it's about figuring out how to monetize the creativity this decision that chapek made, a, to make disney plus in the streaming more expensive, and also should disney plus be a general entertainment service? is this going to be about competing more as a hulu and a mass entertainment service >> hear me out of course, creative is always going to be what disney is going to talk about, has to talk about, but the problem now is financials are getting in the way. creativeivity was easy to prioritize when the cable bundle was paying for everything. now, in a d to c world, this is not a profitable business. they can talk about creativity all they want, but the reason this is happening is because the financials didn't deliver. is iger any more likely to do that >> well, yes i think the key thing here, just to separate out some of the things you're talking about here the issue is that the cost of the investment in direct to consumer is n

i'm carl, with deirdre, jon, and julia. dow now down fewer than 100 points as the ten-year yield has come back to just under 4.14 julia has more on netflix as the company finally sees the debut of the ad-tier service in a dozen countries. let's get an update with bertha coombs >> zoetis shares cratering 15% the pet health company posted weak quarterly results it lowered guidance cited supply chain issues 4x headwinds and shortage of veterinary workers under armour shares are popping 15%. profits and sales topped estimates. they also gave strong full year guidance despite expectations of more discounting to clear inventory. tune in to "closing bell" at 3:00 p.m. eastern for an interview with under armour's interim ceo, and also founder, kevin plank. >> and carmaker stulants is urging owners of more than a quarter million older vehicles to stop driving them after toccata airbags exploeted, killing three more people. cars include certain dodge and chrysler models from 2005 through 2010 all had been recalled back in 2015 fatali

deirdre bosa joins us.t will be the key numbers we'll be watching for and how did the uber report change expectation? >> the uber report typically does change expectations but they have really been moving in different directions over the last few months so it may not be as good of an indication as it used to be guidance will be key as usual as well as its progress toward profitability as seen through adjusted ebitda. lyft has been a major underperformer over the last year, not just relative to the broad markets but to uber as well and investors have sold out of lyft more aggressively because they think management has been maybe a little slower to react to the changing macro environment. ride-sharing though, it is part of the services economy that has held up relatively better in other areas. uber ceo said a week ago demand still remains strong so will lyft echo that the bar though sara is low for this >> yeah. look at the gap, mike santoli. deirdre, thank you between uber and lyft it's really widened lately

. >>> good wednesday morning, i'm carl quintanilla with deirdre bosa and jon fortt meta cutting 11,000 jobs, disney's dismal quarter, the crypto fallout after ftx and binance and elon musk selling $4 billion worth of tesla. this hour the ceo of ak my, and gen, but our feed begins with new developments out of the ftx and binance deal and the headlines are flying even as we speak. >> they are flying and bitcoin has dipped below that 17,000 mark ether down 12% david, thanks for being with us. i mean, wild 24 hours. it turns out that the white knight, the so-called jpmorgan, the warren buffett of crypto has turned out to be just another over leveraged crypto bro. what does that mean for the industry walk us through how this all plays out. >> yeah, i mean, that's the current party line, and i think folks are really anxious to tdu in to what got us to this point. how much of this was a failure of diligence on the part of the investors, how much of this was bad actor misrepresenting to his clients how he behaved and how they operated. the folks i've spoken to believe that this is really more

deirdre bosa joining us now with the story. everybody loved airbnbs.they didn't want to stay in hotels. they wanted to stay by themselves in a house. but, it's like, you know what happened to like peloton post-covid like, what's going to happen with airbnb here what are people saying >> well, i think the question is, people like traveling to airbnbs. do they now like living in airbnbs? so you want to look at those long-term stays, because that is a trend that the company has seen that people, as we live in hybrid work environment, are actually staying in their airbnbs for longer that is helping their bottom line does that continue we know that people want folks back in the office that's a uestion you want to look at the guidance we spoke to brian chesky in september, and he said that demand remains really strong i wonder, however, and investors will be wondering if they've seen some of that demand peter off over the last few months, as the likes of amazon have aid uber department say that, though the average daily rate as well this is a sign of airbnb

deirdre bolton, abc news.the number of americans who have not been infected with the covid virus at least once is shrinking. the harvard school of public health reports 94% of people in the u.s. have had the virus. the omicron variant record shattering case rates earlier this year triggered a surge in new cases. of those who have never been affected, 63% are vaccinated. with the triple threat of the flu, covid, and rsv this week, we discussed the three viruses that are packing hospitals with patients. you can watch the full interview on this week with george stephanopoulos at 8:00 this morning. still ahead, we are celebrating this special time of the year with musical special guests and more. we will have a preview of the wonderful world of disney magical holiday celebration special that will air tonight at 8:00. here is a live look outside over the ferry building. a look from our roof camera. we will check in with lisa when we come back. liz: we are counting down to the wonderful world of disney magical holid

welcome to "tech check," i'm carl with deirdre.a bit he's wrapping up a conversation with the fcc chair at the paly center for media, and i'll bring us those highlights in a minute. in the meantime, lyft, take-two, trip all plummeting on the heels of their results we'll dive into the state of the consumer and discretionary spending on a day where the dow hits its highest intraday level since august take-two, activision reporting we're joined by microsoft's head of gaming. and then b of a cutting its target for apple the analyst behind that call

deirdre sitting down with jeffrey katzenberg we'll hear from the ceo of amazon web services as cloud coming up "techcheck" begins at the top of the hour so stay with us go. go brain. no, not that one. go this one. go optimizing data. go efficiency. go results. emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performance. go plant go. go boldly. emerson. as an independent financial advisor, safer and more i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com >>> welcome back to "squawk on the street." i'm dominic chu. stocks are moving just slightly higher at this hour with about five sectors up and six down on the session so far the con

i'm carl quintanilla with jon fortt and deirdre bosa a lot more on tech's stories from dell to zoom to disney and more first, ftx executives taking to a delaware courtroom for their first ever appearance before a bankruptcy judge eamon javers is live on the scene there. >> good morning. >> good morning to you, karl they are starting any moment with the bankruptcy of ftx we saw a gaggle of attorneys heading in here. the billable hours are going to be impressive on this one based on the number of attorneys who showed up for this hearing so far today. we'll see where we go with this today and whether we learn anything more about ftx's assets and who all the creditors are. what we know is that ftx owes the creditors at least $3 billion that could have over a million creditors involved in the bankruptcy before all is said and done. they've identified 216 bank accounts across 36 banks which have positive balances, so there is some room for optimism here for some of the creditors. the company said over the weekend that some of the assets are solvent inside some of the subentities that are ins

. >>> good tuesday morning welcome to "techcheck" i'm carl quintanilla with deirdre bosa, jon fortt livecouncil summit here in new york city. today nasdaq seeing a nice pop as another inflation print comes in lighter than expected where you should put your money this hour. plus, walmart results giving hope to retailers, but what about the rest of the ecommerce and q4 holiday spend talk about that in a minute. finally, like an old man chasing a chorus girl. billionaire charlie munger's take on crypto investors

i'm carl quintanilla with jon fortt and deirdre bosa a lot more on tech's stories from dell to zoom tore first, ftx executives taking to a delaware courtroom for their first ever appearance before a bankruptcy judge eamon javers is live on the scene there. >> good morning. >> good morning to you, karl they a

i'm carl, with jon fortt and deirdre bosa today, the fed raising rates for a sixth time and no signsthey're that means for the mega caps later on this hour. plus, more on the consumer as names from qualcomm to peloton slump on disappearing demand, and a look at the key tech names poised to benefit or take a hit as rates go higher along with some of today's big movers there are plenty of them >> plenty. we'll kick it off with a look at big tech the faang plus index losing all of its gains since july on t

. >> good wednesday morning, welcome to "tech check," i'm deirdre boese with jon fortt, today a ton ofairbnb, intuit, para paramount, how that is all impacting results. plus, zoom info and chegg heading in opposite directions this morning the ceos of both of those companies with us this hour. and two big bear tacalls. >> wow, that's a lot but we've got

. >> good monday morning, i'm carl quintanilla with deirdre bosa and jon fortt.ons caused this at a factory in china interesting, progression of events regarding guidance then a story about numbers and i know you talked last night about the mix and how it's not the kind of product you'd want to have a shortfall on. >> no, carl. exactly. apple is like the on

. >>> good wednesday morning, i'm carl quintanilla with deirdre bosa and jon fortt meta cutting 11,000al quarter, the crypto fallout after ftx and binance and elon musk selling $4 billion worth of tesla. this hour the ceo of ak my, and gen, but our feed begins with new developments out of the ftx and binance deal and the headlines are flying even as we speak. >> they are flying and bitcoin has dipped below that 17,000 mark

i'm carl with deirdre and yon, who joins us live from las vegas.ocks after last week's big gains. why one strategist says buy apple peer plus, we will look at amazon and what comes next for retailers on this news out of the times and also ahead of results from bellwethers like walmart and target in the next few days and reports of layoffs there finally, wall street in the mood for chips today amid a

that's after they reached a plea agreement with deirdre processed.e and admitted taking kickbacks, inflating invoices, stealing parts and causing apple to pay for items and services company never received is scheduled to be sentenced next year and could face up to 20 years in prison. a young boy from ohio received more than just candy. this halloween. he is now taking home free french fries for an entire year. nine year old blakeman for has spina bifida. he uses a wheelchair to get around. that means store bought costumes don't usually work over his wheelchair. his family helps make his costumes for halloween , and this year, mumford decided to go with the costume inspired by one of his favorite foods. french fries. his local mcdonald's store awarded him with free fries for an entire year to celebrate him, pam, i love that we do right time is 5 48. sal is here now to see if we're gonna love how our communities how how's it look? for the most part. it looks good. dave and pam, we do have some slowdowns beginning to form . i do want to mention that if

in the iowa governor's race, republican incumbent kim reynolds against democrat deirdre did year, too. that is too early to call into kansas governor's race. in the mission or -- democratic incumbent gretchen whitmer too early to call against republican challenger tutor dixon. in the nebraska governor's race, it is too early to call between republican jim pillen and democrat carol blood, again nebraska governor too early to call. in the new mexico governor's race, too early to call between incumbent democrat michelle lujan grissom and republican challenger mark run kathy. in the soft dakota governor's race, it is too early to call between incumbent republican or kristi noem and her democratic challenger jimmy smith. although governor noem is leading into south dakota governor's race. and lastly, in the wyoming governor's race, too early to call between republican incumbent mark gordon and democrat teresa livingston. although republican incumbent mark gordon is leading in the wyoming governor's race. few -- >> good job. [laughs] >> as i mentioned going into the. every race is important