apple forecasting 49 to $50 billion in the coming year. are continuing to monitor apple and we will be listening into the call momentarily. i want to turn out to microsoft and the company reported disappointing earnings for the fourth quarter of its 2015 fiscal year. the $7.6 billion right down for a nokia purchase preventing a profit. the write down pushing them into $2.1 billion in losses. joining me now from san francisco, the meaning to director at ubs and arc into reading editor -- our contributing editor. these microsoft earnings numbers do not let particularly great. we did not expect a lot, with the restructuring of the business. >> the commercial cloud business has been the key measure we have been following for quite some time. i was not seeing anything as good as the street one tent. -- one tent. -- wanted. we will have to wait or back to. act i was a delight coming in and cleaning. we do believe, as it relates to overall large-cap value stocks that they are making the right moves. they are working in luck more productively than

apple's revenue forecast missing also.a piper jaffray analyst says it's a little much. >> it's something that happens with a lot of successful companies when they train investors to expect a big upside. it's a curse on days like today, but ultimately it is an opportunity. for investors who believe in the bigger picture, which is market share gains of the iphone, you have to put up with some volatility, but there's an opportunity to own it at a discount. scarlet: apple did not break out sales of the new watch. bloomberg estimates apple shipped 2 million. apple forecasted more than 3 million would be shipped. workers in new york airports say they are going on strike tonight. they will walk off the job at jfk and laguardia. the union representing them say workers want a pay raise of -- pay raise to $15 an hour. let's switch to the markets now because the european stock markets are getting ready to close. >> it is the second day of .eclines for european stocks on the stoxx 600, every industry group heading lower. it is commodi

equities closing low after apple's disappointing forecast.question is "what did you miss?" qualcomm could -- prepares for big changes. alix: as commodity prices tumble, the world biggest miner makes plans to cut its production of oil copper and cold. joe:

equities closing low after apple's disappointing forecast.oe: the question is, "what did you miss?" qualcomm could -- prepares for big changes. alix: as commodity prices tumble, the world biggest miner makes plans to cut its production of oil copper and cold. joe: three tries from around a while you can't miss. alix: we begin with markets. you're looking at the s&p closing around those opening lows at 2110 that many traders are watching and to see what kind of momentum easy in stocks, all in all the dow is looking at its worst two-day drop since june. at one point it was falling triple digits. a lot of that is apple. joe: i think this selloff is pretty unimpressive. we were here and the market is down 1%. we heard from apple, microsoft, and yahoo!. and then we get a .4% decline on the s&p? pretty minor. alix: to be fair jpmorgan is , backing that up, saying today that they see the s&p leaving its month-long range behind, saying -- look, capital returns are good, corporate america is not so bad. all in all, things are not terrible. joe: there

apple. shares of the company are down 5% in early trading after they reported iphone sales climbed 35% of that missed analyst estimates. a forecast given up short. sales of their new apple watch were less than what analystss expected but tim cook says the company is pleased. >> sales of the watch it did exceed our expectations and they trailingspite supply demand at the end of the quarter. insight,ou additional through the end of the quarter, the apple watch sales figure was higher than the comparable launch time of the original iphone or the original ipad. scarlet: he says one bullish sign is 73% of old iphone users have not upgraded yet and sales in china doubled. the country's biggest home-improvement chain is getting bigger. home depot is buying interline brands. maintenance and repair products. five people are being charged in connection with that damaging cyber attack against j.p. morgan last year. investigators say the hackers were not detected for two months and information of 76 million households were stolen and suspects were arrested in florida and israel but one is still at large. big that is making a on a drug for al

the number of iphones apple said it shipped in the quarter, now, that was up 35% year over year but was also basically in line with what wall street expected. analysts had forecasted apple would ship some 47.3 million iphones in a conversation with apple's ceo tim cook. he told me that only 27% of the company's install base had moved those newer 6 and 6 plus models. that suggests plenty of upgrade head room ahead. at least in the after hours, investors seem to be focused on that in-line number. for nightly business report i'm josh lipton in cupertino, california. >>> microsoft reported better than expected earnings in revenue, but took a hit from restructuring charges and soft demand from some of its products. the world's largest software company reported earnings of 62 cents a share. the company reported revenue that was slightly more than $22 billion. but investors wanted more sending shares initially lower after the report. kayla digs deeper into the results. >> from the face of it microsoft's fiscal fourth quarter looks like a beat all around the problem was, the company's quarter was mahred by a massive write down of its nokia ago we saying that happened just

apple crunch. missed iphone sales and revenue forecasts c shares fall almost 8%. that could see the value slumped by more than $60 billion. >> tech troubles -- yahoo! stocks fall on disappointing results. we check results. anna: spotlight greece. alexis tsipras returns to rally for a second bailout. >> it in frankfurt, the ecb ways emergency funding for greek banks as it is preparing to send another team to athens to monitor austerity complaints. -- austerity compliance. anna: welcome to "countdown." i'm anna edwards. ryan: i'm ryan chilcote. anna: at 6:00 -- let's have a look at the tech sector. let's start with apple, because i have a chart here that shows the after-hours move we saw -- this was even after the company reported a record third-quarter profit number. revenues were disappointing. ryan: this threatens to remove again that apple saw that huge rally of almost 10%. it could be one of the biggest losses ever. anna: more generally, this was the biggest tech rally since october. will that change in the session today? we have lots to talk about. apple was j

probably be an issue because that is where apple has opportunity to gain share. >> at what point do you say i've got to take estimates down? i've got to change my forecastn over there? >> we still have a little more legs on the iphone 6 rollout. as we move into the second half of the year and i think my numbers are more conservative than the street. that's where you get into the question of how successful will the 6s be when they roll it out in september and december? some estimates are higher. those estimates, september, december. >> later this year will be critical. thanks so much. >> thank you. >> breaking news here. >> a monster fund-raising number by jeb bush campaign. the super pac affiliate reporteding over $103 million raised. that is a big number. by comparison, hillary clinton's campaign is expected to raise about $45 million. we haven't heard an official tally from the hillary clinton for president super pac yet. it is expected to be about 1/10 of what jeb bush raised with $103 million for the jeb bush super pac. >> tonight on "fast money" at 5:00 digging onto that apple story. also gilead science up 20% this year. there is a shopping list. m

. >>> and the forecast in the big apple calls for a 100% chance of ticker tape falling from the sky. new york city gearing up for a parade to honor the u.s. women's soccer team. good morning. almost to nbc 10 news today on this friday, i'm chris cato. let's begin with meteorologist bill henley and his first alert forecast. you were right on the money with the timing of those storms last night. >> we're feeling the dry air that was pushing the storms our way. that wind that's blowing the flags in center city bringing the temperatures down finally. some of the lowest readings we've seen in days. 63 in the pocono mountains. 75 in philadelphia. we will see sunshine bright sunshine and with the northwesterly winds that will be blowing through the morning, the humidity will keep coming down. by lunch time we're up to 80 degrees and cleemimbing. let's check in with first alert traffic reporter jessica boyington. >> we have good news for friday morning. on the vine street expressway typically with the ongoing construction we've been dealing with we have both directions closed east and westbo

apple i big stock to watch. profits beat wall street's forecast, sold more than 47 million iphones with a big surge from china but far less than expected. apple won't say how many watches it sold, apple losing $60 billion in market value in after-hours trading. >>> egg mcmuffin lovers rejoice. you may be soon order your breakfast after 10:30 a.m. mcdonald's could offer all-daybreak fast nationwide. estimate october, following positive feedback in test markets. also testing other concepts as it tries to boost sagging sales, these include custom burgers and healthy options such as breakfast bowls made with kale and spinach. sign me up. >> kale from mek docdonald's, it sure. >>> the city of san francisco answering to the pope's call for action on global client change. the municipal fleet switching from petroleum diesel to renewable diesel midyear. mayor ed lee made that announcement yesterday. the switch is estimated to slash the greenhouse gas emissions from the fleet by more than 60%. >>> donald trump stirring up controversy once again, this time getting under the skin of fellow republican senator lindsey graham.

apple reported iphone sales up 35% but still missed estimates. a sales forecast came up short. bloomberg estimates sale of the new apple watch were less than what analysts expected. tim cook says the company is pleased. tim cook: sales of the watch exceeded expectations and they did so despite supplies still trailing demand at the end of the quarter. to give you additional insight, through the end of the quarter the apple watch fell -- was higher than the comparable launch periods of the iphone or the original ipad. vonnie: cook says one bullish side is that 73% of old iphone users have not upgraded to the device. in greece parliament will vote on the second package of austerity measures demanded by creditors. greece cannot get another bailout unless legislation is approved. alexis tsipras will have to ask for support from opposition lawmakers. his own party has rebelled against tax hikes and pension cuts. at&t's proposed takeover of directv has scaled an important hurdle. tom peters has -- the fcc could vote on the at&t deal this week. it was all in a day's campaigning for dona

. >> let's talk a little bit more about apple and it's forecast with george o'connor director. sure to have you on the show. apple had massive success in china. recent volatility in the stock market. is that a risk for apple. >> they're a risk factor. if we roll the clock back to the last quarter china was the big positive surprise. now we're concerned the chinese consumer doesn't have the money for those from apple. >> if the consumer is not buying as many iphones or wearables what other emerging market could provide solid revenue growth going forward? india? >> in fairness to apple we should think at the underlying tech play as being more important than the geographical story at the moment. so if we look into the current quarter this started out looking really great. we had music and china and the new s range coming down the pipe so it was stacking up and right through the quarter we've seen each of those tech stories start to disapate so no one cares about the s coming down. the order story they gave to the factory is wishful thinking from them as well and your previous story

forecasts failed to meet estimates. toyota has shunned applee and chosen a lesser-known company for the navigation. market value more than 1500 times smaller than google. on toyota seen first 2016 tacoma pickup truck. the automotive theme continues, with something trending on social media. david is here. these presenters, your favorite show. gear." year. -- david: they get signed by amazon prime. that will be exclusive by 2016. a lot of reaction, mostly positive. let me just get to one of this, this one coming from amazon itself. this is when they announced it. we got a brand new ride, and the three hosts only on prime. clarksonfrom jeremy himself. he said, is he going to be -- he said no i will not be driving. shery: talking about journalists, facebook is making good use out of them. they're hoping that this drone and fly over to rural areas being in internet. this is huge. it is the wingspan of a boeing 737. it weighs about one third of a previous car. to carryt even need fuel because it is solar powered. the whole surface is covered with sol

sandra: breaking news this morning, shares of apple plunging after the tech report is disappointing to isolate cells and it lowered its forecast for the sales in the current quarter. shares of microsoft lower after the maker reported a huge loss and yahoo! shares also under pressure after rupert hoarded earnings. all of those we are watching and they are waiting on u.s. stock futures this morning. right now pointing to low growth in. dow futures up 69 points. gold prices on our radar is filed under pressure again amid concerns about higher interest rates in the u.s. the pentagon reporting a u.s. airstrike has killed the head of the al qaeda affiliate in syria. we will have the details for you on that. good morning i am sandra smith joined by lauren simonetti and nicole petallides. welcome to "fbn:am," your first look at today's markets, latest break in a symmetric expect that they had. weaker than in sales. the smart watch could hit wall street and the open this morning. checking futures on the dow futures of 72. nasdaq futures, the leader of a full percent now 49 points. lauren has the latest on apple this morning. lauren: ap

forecast next. >> new this morning growers of apples in washington state say the record worm temperatures and waterrtage could affect the crops. experts are expecting smaller bunches of apples. >> reporter: at the core of our issues overnights. as we head outside in bucks county. this is i-95 scutter falls bridge can't see it in this shot if you're coming southbound out of mercer county into bucks county they are taking out one of two lanes on the bridge itself. it doesn't usually cause huge delays. are you ready? it is time for the third annual trolley tunnel blitz you're getting tonight. it sounds a lot more exciting than it is. september trolleys, 11, 13, 34, 36 will be divertedded -- diverted to 40th and market and route 10 to 30th and filbert. you can transfer at the market frankford line. david are you ready. >> reporter: we have humidity in the 70s in some neighborhoods so stick in in south jersey and delaware. overall it's going to be a nice summer day high of 90. not as humid's the last several days, lots of sunshine, don't forget the sunscreen. if you're traveling across the country getti

apple, microsoft, yahoo! yahoo! chipotle and gopro. >> analysts are forecasting that strong iphone sales will carry apple through what'she worst quarter for the tech titan. smartphone sales of just under 50 murder in the second degree will be seen up by 40% compared to the same period as last year. the stock well out performed the nasdaq. up 117% over a two year period. they have four reasons you may want to pick up apple shares before they report and they include an explosion of growth penetration into china, new products like apple pay and the apple watch. andrew berkeley is the managing director and head of institutional strategy and joins us this morning. what is in store for the trading day? what are you focussing on? >> yeah well i think the whole week is going to be more on earnings in the micro. as we moved away from the macro fears over the last couple of weeks it allowed us to get back to the underlying earnings. the bar has been set relatively low as we know. analysts always set the barlow as the market steps over that but it's really very very low in q-2 as it was in q-1 and analysts expected earnings to be

forecasts came in below estimates. microsoft shares also took a tumble in late trading after the company posted its largest ever quarterly loss. appled its best fiscal quarter profit ever with shares falling as much as 8.8%. the tech giant also missed revenue forecast for the current period. the greek prime minister alexis tsipras will return to parliament later today looking for support from opposition politicians to help him pass a second vote. they will be discussing more emergency liquidity for the banks. let's get more from the bloomberg team. then his life and athens and paul gordon in frankfurt. what can we expect from parliament today? >> it is going to be a stormy debate in parliament. the syriza lawmakers are very unhappy about the bailout deal which tsipras has signed up to and he faced significant revolt when the first packager reforms went to parliament july 15. there is a broad consensus among the opposition party that this is a deal which greece has to sign up to. there is no one forecasting any problems as to whether the bill will pass. the issue is what is the scale of the rebellion among tsipras's own aside and whe

while apple reported profits that beat wall street's forecasts the numbers disappoints investors. sold more than 47 million i phones but less than what was expected. apple won't say how many watches it sold. >>> at&t and directv one step closer to wrapping up the $48 billion merger. the fcc and the justice department signaling they are going to approve that deal with some conditions. at&t will have to bill out broadband connects to more than 12 million locations and the company must provide regular reports on network performance. the deal would create the nation's largest paid tv provider. >> a big recall this morning involving stair lifts. british manufacturer acorn stair lifts is recalling more than 34,000 chairs after two people were killed while using them. if you have one of these chairs, call acorn immediately. the recalled models are the five versions of the super glide 120 sold between march 2007 and december of 2011. >>> this is shocking video and sparking a conversation in silicon valley. a reporter for "wired" magazine recorded himself recording 2014 jeep cherokee aware

sunny skies in place and remember you can always get your hours by our forecast by downloading our free kron 4 news app for apple and android in sports. >> catherine : the giants' matt cain.returned to the mound for the first time in a year. and the a's - taking on the division-rival seattle mariners at o-dot-co coliseum. gary has the all the highlights >> gary :a's looking to get a win against division rival mariners warriors' harrison barnes got to throw out the ceremonial first pitch sonny gray probably won't be throwing any pitches soon recovering from salmonella poisoning rejoined clubhouse before the game bot 1st josh phegley hits doubles to right and scores 2 a's go up 2-0 scott kazmir on the mound for the a's gets nelson cruz twice to strike-out swinging and turns robinson cano around with this strike-out kazmir only allows two hits bot 7th a's leading 3-0 mark canha knocks this one deep watch as he turns second.hustlingalmost trips.slides into third canha gets first career triple dugout is happy, canha is happy kazmir and the a's shut out mariners at homegame two of the four game series is tomorrow gian

apple shares fell 8% in after-hours trading. while iphone sales climbed 35%, it fell short of estimates. the tech giant also missed estimates for a revenue forecastnus: one company watching apple carefully is the chip designer arm. it reported earnings that missed analyst estimates. the ceo spoke to bloomberg a little earlier. >> when we look at the results for arm, building on q1 we have pretty much nailed that. within that growth was very strong. when we think about this performance, we think about how more and more chips being built in the world are using our technology. there is the opportunity for multiple arm technologies in these chips. that has led to the outperformance in the industry. caroline: you just signed 54 processors. this is forward-looking. give us a break down. how many of them are in mobile? how many are in other devices? i suppose what many people want to see is that you are not completely hook, line, and sinker paid to where we see mobile sales going. >> 54 is a record for the number of licenses signed. we have over 400 licensees. about 25% to 30% of our licenses are for mobile. the rest are going into all sorts of markets.

on this weekend with a full look at the storm track a seventh forecast it could set the forecast is free for apple and android. >>rebecca: no problems to report no hot spots it will be an easy ride for you headed into work this morning getting to the pace 6 minute drive times across the span into san francisco the fatima's sale bridge looking gray as well under 10 minutes to get you over to foster city overnight roadwork you should know about if you're traveling through the livermore valley west about 5:00 a.m. and a way to hacienda of you might see a little bit of slowing from the right lane held a look at the drive times with two minutes to the dublin and to change twitching things over to san leandro northbound and the right leg shut down that schedule until 5:00 this morning. >>anny hong: in a bid to avert a new store we brought you yesterday morning subway is suspending his relationship with jerry this at the federal authorities raided his home in computers he began the face of subway after he lost 200 lbs. on a diet of some of what some changes. >>reporter: investigators on the indiana home

shares in apple fell in after hours trade after investors ignore the quarter. they focus on weaker than expected forecasts for revenue in the fourth quarter and there were some other reasons they turned sour on the stock. iphone sales came in at $31 billion with shipments 3 billion below estimates. they also bundled other devices. the tech giant would only say june sales were higher than april or may but the lack of detail left some analysts speculating over the success of the newest gadget. >> the earnings report is also weighing on tech stocks here in europe. investors are also shrugging off a 32% rise in second quarter profits from chip designer arm despite earnings being broadly in mind with expectations. simon cigar spoke to cnbc earlier about a possible apple takeover. >> there's rumors all the time but when you look at our business model we're providing technology to the entire semi-conductor industry. the range of customers is growing all the time. we have many oem customers now and for any one company it's less expensive to license the technology than to buy the whole company. our value really is

. >> the apple share price has sagged over lower-than-expected fourth-quarter revenue forecast. the question being asked is has iphone fever peaked? >> they shipped a few less phones and everyone thought, just under 48 million. people thought it would be at least 50 million. but there is still a huge revenue number closing in on $50 billion on a quarterly basis which is phenomenal. >> apple had a record third quarter. china is red hot with sales almost doubling from last year. that market remains a challenge with stiff competition. apple is seeking to gain momentum with a steady flow of innovative products. it has chosen not to release sales numbers for its apple watch, launched in april seeking to protect its new gadget in the early stages. apple has said that sales are exceeding expectations. the industry verdict is that the watch still needs time. >> i just do not think the watch matters on a profit or revenue basis. it matters on an innovation basis. there are some glitches in the rollout globally some issues moving volume in the supply change. we do not -- some issues in th

temperatures for now you can download a kron 4 mobile application for your free and dried apple devices hour by hour forecastt people talk about next today the stock is soaring and it keeps coming out of good numbers. people"under 35 owen have that flexibility will monopoly to. like cable system prices you get an or don't get. flics added 3.2 million subscribers totaled 65 million internationally. earning up to 23 million zero. for all they have a 42 + million u.s. subscribers. red ink is a new black. you lose money sacco's higher use. even more money stock goes higher so. in its transition from being a company- run colleges are and to halt its losing and or spends in the talks as if things go as planned stock to " later this year autism for us. "talking to congress yesterday e.f. and really care what's going on increased don't care of china has a lot of the fertility. listening materially changes she's looking at september timetable. raise rates very slowly maybe in the passing month-to-month months and 25 every three months or a. suddenly a low rates and this time next year but higher than they are now. mo

. >> apple cut its spending forecast by about $1 billion. we'll explain why. >> qualcomm looking for $1 billion in cost cuts by trimming workforce by 15%. >>> first up caterpillar shares taking a hit on a quarterly miss hurt in part by weakness in mining and construction in brazil and china. cats lowering their full guidance. doug oberhelman did talk about it. >> at some point, the economy will stabilize and business will pick up. it was too whose in 2012 and too slow right now. somewhere in between is where we will be. until that happens we have caught in this period where we have to hunker down and do everything internally day to day. >> sales down in every region including north america. oil and gas not helping. they lowered the revenue forecast for the year. they keep the adjusted eps forecast. >> he is a very nice man. >> that's the key. >> he is a very nice man. >> you believe this is about him. what's your main head wind? >> he said it is the fact that we have 2 to 2.5 instead of 3 and 3.5. >> i don't know if anyone can run the number

apple reported record quarterly revenue and a 25% increase in iphone sales which also set a new record. but wall street expected even better iphone sales and a better revenue forecastinvestors also remain skeptical for sales of the apple watch which apple did not reveal. apple stock dropped almost 7% after the closing bell. >>> go pro stock went in the opposite direction after the company released its sales report. they reported a 72% jump in revenue. that stock was up almost 4% after the bell. as for the broader markets they lost ground today. the dow fell 181 points the nasdaq dropped 10 and the s & p500 was down nine. investors sold off stocks on disappointing earnings reports including ibm and united technologies. >>> california governor jerry brown made a historic visit to the vatican. he urged leaders from around the world to take action on climate change at the local level. allie rasmus now with his message. >> whatsoever men sow he may also reap. >> reporter: with scripture from the bible, jerry brown spoke at the vatican. >> we have to take measures that may well be something nobody would want. we're talking extinction. >> governor brown has been a leader

be a sunny day on saturday and you can always get to our by our forecast by downloading our free kron 4 weather app on android and the applere >> pam :and a reminder. if you're looking for the best place to see the fireworks this fourth of july. look no further than kron 4. our fireworks special airs this saturday night. humanitarian nicholas winton. also known as "britain's schindler". has died. he was 106- years old. winton single- handedly saved more than 650- jewish children during the holocaust. he arranged for trains to take jewish children out of nazi- occupied czechoslovakia to britain. instead of concentration camps. winton kept quiet about his exploits for a half -century. in 2003--- queen elizabeth the second. knighted him for his service to humanity. >> reporter :in san francisco police say they now have a suspect for the arsonist today say torch this mural. they got a surveillance camera installed because of previous attacks on this marrowfat. this is the fourth time in the merrill has been vandalized and about three weeks, and what the other incidents only involve spray-painted this time involved fire they we

forecast. it's coming up next. >>> well, a down day on wall street. apple leading the way down nearly 6 points at last check. and the dow following suit right now down 82. >>> california's oil refineries are pocketing record amounts of money and today a consumer watchdog is calling them out. the group says consumers are paying more than 4 bucks a gallon all because of lack of inventory and needed repairs at refineries. watchdog says refinery profits doubled in the last year. >>> bad news for britney spears. it's going to cost you more to get married in vegas. they raised the cost of a marriage license by $14 to $77. in san francisco it's $105. more than 80,000 people got married in vegas last year. >>> 14 extra dollars and you're in vegas, i think you can probably afford it. >> why not. >> just a thought. >> let's check weather now with roberta on a wednesday. how we doing? >> doing well. it depends where you're at because our microclimates come into play. we have sunshine inland and clouds at the coast and let's check it. willie 78 in sonoma. thanks for the report. other notable numbers, george in san franc

apple watch sales numbers. on the company would say of the sales exceeded in turn will expect nations since the april launch. the company's forecast for the next quarter day of low expectations. joining me right now is s&p capital analyst angela zeno. good to have you on the program. you have a hold on apple. were you surprised by the numbers? >> we were not surprised however overall the numbers came in fairly well. top line about 49.6 billion. we were looking at 50 billion, slightly below expectation. the earnings front came in fairly okay. maria: would you recommend clients. new work in the stock today? >> no, we wouldn't. we see significant risk as we head into the december quarter. we are looking at more along the lines of low single-digit growth where you see growth now north of 30%. significant deceleration. >> 121 a change. right now 123, 124. a lot of guys playing at 130 straight in the options land. if it goes below 120, guys will have to start hedging seriously to get it moved down to 110. right now we were in the range after it is included in the dow. we've been kind of pay in this 12130. once we get really port numbers

shares of apple have fallen after iphone sales rose 35%. its stillness estimates. the sales forecast came up short as well. they were planning on selling a lot. sales of the new apple watch were less than what analysts had estimated. ceo tim cook says the company is pleased. tim cook: sales of the watch exceeded our expectation despite supply still trailing demand at the end of the quarter. to give you additional insight through the end of the quarter the apple one sold higher than the comparable launch times of the original iphone or the original ipad. >> 73% of old iphone users have not upgraded to the latest device. plus, more than double, more than apple coming up in a few moments. olivia: boeing's cash flow is surging thanks to the 787. earnings beat analyst estimates. they lowered their forecast for the year. also out beating earnings estimates. increasing prices and cutting expenses. it is a nice combo. the price hikes helped offset falling sales in the u.s. and stagnant demand overseas. at&t's proposed takeover of directv has cleared a hurdle. tom wheeler has weighed in and u

apple. the company beating on the top and bottom line. iphone shipments a little lower than expected and the revenue forecasto missing estimates. we spoke to tim cook yesterday about the earnings. josh good morning. >> sara, if tim cook is concerned at all, he is not showing it. apple's ceo was as confident and positive and upbeat as ever when i spoke to him. cook told me the quarter was, in his words staggering with revenue declining strongly. the iphone is a run away success with apple continuing to take significant market share from rivals in the quarter. cook made a point of saying apple is seeing the highest raid of android switchers ever. what about china? that was a big worry heading into the report. namely whether the swoon in the stock market there would ripple into the broader chinese economy and weaken apple sales but sales in greater china jumped 112 %. it's hard to find problems cook told me with a growth rate like that. but at least this morning investors are not sharing in cook's enthusiasm. one problem, apple shipped nearly 48 million iphones nature. a strong number but disappointing. bulls a

apple weighing this morning. >>james: we come back the full forecasts leave you with this live look at sunshine streaming down and walnut creek full of the weather coming of. female announcer: sleep train's interest free for 3 event! ends sunday. it's your last chance to get three years interest-free financing on beautyrest black, stearns & foster serta icomfort even tempur-pedic. plus, get free delivery, and sleep train's 100-day low price guarantee. but hurry! sleep train's interest free for 3 event ends sunday. ...guaranteed! ♪ sleep train ♪ ♪ your ticket to a better night's sleep ♪ kids are expensive. so i'm always looking to get more for my money. that's why i switched from u-verse to xfinity. they have the most free on demand tv shows and movies on all my devices. it's perfect for me because my kids are costing me a fortune. i'm going to cabo! [ music plays ] don't settle for u-verse. xfinity is perfect for people who want more entertainment for their money. sign up today or get started with this great offer. call or go online today. >>darya: of the officer involved in the shooting in hayward has died. >>wi

apple as investors digest third quarter results. the company posted record profit but iphone sales and revenue forecasts missed estimates. the stock is posting it biggest post earnings drop in more than two years and is still getting punished. faith. no time to lose >> unfortunately it is something that happens with a lot of successful companies when they start to train investors to expect this big upside. i think it is a curse on days like today but ultimately it is an opportunity. for investors who believe in what is going on, the bigger picture, market share gains with the iphone, if you believe in that you have to put up with volatility but ultimately there's an opportunity to own the story at a discount. betty: apple drags the entire sector lower today. here to talk about apple's not so shiny quarter and its impact on broader markets is tim higgins who covers the company from san fran and mike reagan to get some perspective. as we were talking about a few moments ago, this is a company that just reported record profit. china sales up over 80%, revenue up 33%, cash at $200 billion. is this not the most confounding re

forecast coming up in just moments. >>> coming up next at 11:00, getting around the big apple for cheap.e deal uber is offering for people who do not mind car pooling in new york city. >>> plus just click your heels and say there is no place like home. the most famous shoes in history have been stolen. now the reward will have you in the land of oz. ♪ ♪ ♪ it took tim morehouse years to master the perfect lunge. but only one attempt to master depositing checks at chase atms. technology designed for you. so you can easily master the way you bank. uber has a new campaign, just for manhattan. for manhattan. the service announced that >>> well uber has a new campaign but it's just for manhattan. the service nouned edannounced that it is now charging a flat rate of ten bucks for any destination below flat street, but there is a catch, riders must use a pool at least two riders heading in the same direction. it is even cheaper than the uberx, but it is for a limited time only. >> people should take advantage of that. that is a great deal. >>> and get ready for more pain at the pump gas prices i

forecast. the company directing -- expecting revenue growth of at least 3%. appleearnings after the bell. investors will have to dig revert to find out how many apple watches were sold. watch sales will be included in the other product category. those are your top stories at this hour. the s&p 500 hit another all-time high closing at 2128. if you look at the past six years, the s&p posted record highs in 53% of those years. what that means for your investment strategy, mike regan joins me to discuss. is my take away here that a market top is not a sales? a record is not a sales signal. that is the problem, you hit a new record high and you think this is the top. most tops are at record highs. in retrospect you think that was the top. what that neglects is all the records you hit on the way to the one that finally becomes the top. for example, the s&p or set a new record in 2013. at 35%.en, it is it has set 100 a record since then. yesterday briefly closed above the record. is the record. a little trouble getting there yesterday. this basically makes people nervous.

forecast was for nearly $3.2 billion. it actually came in at $2.5 billion if it should millions of units lower-than-expected. appleht now is trading at just a little over 1% right here. this is because it was upgraded from buy to hold. -- the introduction of the watch for the first time. also, iphones are rising. the stock is upgraded to forecast volumes of 40 million in china makes up nearly 30% of global demand. the ml says it wants you to buy apple after it suffered a routine drop. back here on july the, it hit $120 and change. buy, guys.ents a erik: the latest on the stock market. .et us look at the top stories negotiators are touring down -- toning down optimism over iran's nuclear program deal. the u.s. and iran are trying to work out the last remaining issues. earlier, there was talks an agreement might be announced today. officials are trying to make sure iran is not capable of building a nuclear weapon. -- crowded fiel field for the public nomination is getting more crowded today. the firster is government in american history to defeat a recall election. an assignment she is noticing the growing support f

member get your hours by our forecast by downloading our free kron 4 mobile occasionally a smart phone appleerine: see story coming up one that kron 4 helped to solve next and then a sports show you the plight of the day lexis altman highlight and then gary has the story all the sports female announcer: get three years interest-free financing on brand name mattress sets. plus, get free delivery, and sleep train's 100-day low price guarantee. sleep train's interest free for 3 event is ending soon. ♪ your ticket to a better night's sleep ♪ anger in manioc bottom of water waste and a public park with dry conditions and one and yet president holes has a week that the city should be leading by example tonight's my kron 4 story will have video a franklins over spraying water on the concrete walking path country manor parkin antioch. this and yet president chris is not to reveal the identity says the water has been wasted here for several days and because of the drought he decided to take some action >> reporter: the public works director deceive yet any say in the situation. "we heard the the situ

pleasanton 59 in san jose elsewhere were single 6461 in conference the 60 in fairfield 62 in apple as the captives of forecastfor the eastman shoreline--napa. >>james: mid-70s for open as you can south along the shoreline it will warm up for your 79 for family and a 75 hey were digging into low eighties for a union city and fremont it will be almost over now expecting in san jose with a daytime highs from 84 as head into we can we expect timber to school alone but not much but a little bit it will be nice and comfortable sunday the humidity will pick up just a touch you will notice monday we have the chance and a very small one that will catch a shower to them as currency of what will be left of her and the lawrence. >>james: we're open-minded a stray shot out of that. >>robin winston: we are getting through the morning commute without any major hot spots that is very good news huffily it states that we noticed a little bit of an improvement for the ride into san francisco opera to the bay bridge toll plaza you're looking good come from the 880 of a cross and that is always a sign that traffic is picking up a

charles: apple reporting after the closing and beat on the top and bottom but a week forecast joining us now to lou discuss the big news we have our professionals in the studio. jim and hillary and steve cortes' from bbc partners trader. steve, that the initial reaction the on the. charles: everything was 7%. we'll start to see some of these come back. >> i think it amounted to a hill of beans with apple. they always beat by a considerable margin people were complaining by the guidance the business looks to be finding dash you could argue about the valuation the stock deals 1.6% so i think apple will be just fine. in terms of the sustainable -- is the ability of go pro with that business model but people are concerned how big could go pro get? at the end of the day nothing got me terribly upset. charles: hillary, i the go pro they beat every quarter by 30 or 40% then wall street dumps on them if not for their negative attitude would be a $100 stock but everybody has apple but they caving in line with the iphone. i don't think that is the big deal but the resource steve jobs was the cl

that hour by hour forecast for the day and downloading a kron 4 mobile location for apple enjoyed smurf and devices. >> catherine: 2 year-old man is dead after free fireworks accident and one of his friends have a message for all of us and. and murder in a posh east bay community first time in years why police want you to know what happened.. professional athlete turns on more than $10 million and then tell you who they are after the >> catherine: investigating murder-suicide that earlier this morning at respond to a call to a home in a 700 block of glen eagle court and the court canyon country club area and one dispatcher's say the caller is suddenly hung up victims are 77 year-old edward terry 67 year- old patricia perry mrs. perry worked for the city of san ramon for many years. the win"to the door heard what they believed to be gunshot. backed away from the door and waited till it was safe for them to make entry. and then made entry the found a gentlemen of and the front door way. upon further checking in the house with on a woman also. with us to believe murder-suicide. with a self

forecast. you'll get up- to- the-minute information, push alerts and exclusive content. all for free. it's available on google play and the apple> reporter: step of fourth yar saturday night to visit relatives return home to find this. your living room kitchen family room, master bedroom a children's bedroom even your bathroom. all vandalized! a homeowner says that adding to our family shock was finding that not only had the personal property been destroyed all so drenched in bleached and motor oil. "it's everywhere" >> reporter: he says that they've lived in the home for the past five years. they have no idea who this."no idea who did this never had any argument with anybody." >> reporter: leaves her family was a part of racial hate crime because of their. ease in the their in may"be a hate crime summit who doesn't want to hat the mother"does orchestras health issues the father is the one that supporting the entire family. completely devastating. >> reporter: of the family believes a been a victim of a hate crime investigators with the police parlance a so far they found no evidence consistent with hate being a motive in this

apple tv. david: jonathan, what is happening after-hours, apparently fourth quarter forecast has come down a bit expectation. that is really worrying investors. does it worry you as well? >> well, david, i think a lot has to do with china. david: they say not, by the way. excuse me for interrupting. tim cook says no. what happened with the stock market was just a blip. it didn't affect their overall sales. >> that is looking backward. now let's look forward for a minute. since this report was essentially created we have had 30 plus% in chinese stocks. i think that will pull in a lot of consumer spending in china really fueled this stock. david: okay. >> in terms of apple car, you know the proof is in the pudding. right now the stock is not anticiting anything big from this company. chase, one word answer only. are you buyer tomorrow? >> tomorrow, yes. absolutely. david: good stuff. folks, thank you very much. melissa. >> busy earnings hour here. we're recapping numbers in wild after-hours trade when we come back. don't go away. >> wild hour for earnings. here's what you need to know. apple the b

here's the list with cocker the forecast- 8100 old record was 95 so easily beat that if apple hundredorecast the old record was 90. hayward field record 78 today to get the 92 like to think we will that will easily beat the old record smashing it, oakland downtown by the museum 85 high expected all the records of any city in seeing your eye off the close there would hundred is what were thinking will record is 101.. this is what it's like outside right now our camera live at san francisco international airport a chasubles as above plenty of sunshine and temperatures right now there are warming up rapidly with the san francisco 65 now 66 and oakland sows a 65. all morning long hovering in the upper 50s low 60s. nl cy core of the races concord livermore to 60 degrees quickly closing in on 70. checking these numbers will forecast coming out in 15 minutes so forget check your weather updates any time with their kron 4 mobile application as a news at the end of the dedicated whether at double that will be a great tool for you in the next couple days. cabbage is probably will be awfully hot

apple app store saving a few bucks. >> now a check on the weather forecast. mike? >> did you sleep well? >> yes. >> much cooler. when the wife got in bed she said turn off the air conditioning. i had to turn it off. >> nice. save some money. now sheen whats the money to go shopping. now, good morning everyone. it was hard to get up this morning and maybe you are fining the same thing if you left the witnesses open and under a couple layers of blankets and as we look back to the eastern span of the bay bridge at 280 and 17 and san jose late arriving crowds are pushing in and all of us under a cool pool of air this afternoon with clouds running tonight and they will bring another chance of drizzle along the coast and the east bay hills and it will be seasonal this weekend but i have hot temperatures where you may have to turn the air conditioning back on next week. fairfield is 25 and our winds are blowing hard into the central valley and it is the same area that we will be dealing with choppy conditions dangerous for small craft from 3:00 this afternoon to 10:00 this evening with the southwest winds blowing 21 t

forecast. >> we could have slick spots from d.c. to baltimore and philadelphia and the big apple. the good news is this moves on quickly this morning and we start to dry the roads out by lunchtime. we are monitoring a cold front dropping south out of canada. that will spark the possibility of thunderstorms today that could lead to damaging hail and stronger winds and isolated tornadoes from the dakotas south to nebraska and kansas. we have lots of warm air streaming ahead of the cold front. we get the collision of air masses and we start to see the possibility of stronger storms. the hot weather we experienced across nation's heartland is shifting east. this is including parts of the great lakes by the middle of the workweek. hit advisories from arkansas southward. look at the heat indices from memphis and little rock. the temperatures warming up for the west coast. back to you. >>> thanks derek. the development in the war on isis. turkey calls for a rare nato meeting. why the sudden shift? we are live next. before i had the shooting, burning, pins-and-needles of diabetic nerve pa

forecast. that was due to more people clicking on paid ads. google is the world's second most valuable company behind only apple. and at&t is using virtual reality in the fight against distracted driving. it's kicking off a 100 city tour to let people stimulate what happens when they take their eyes off the road to answer a phone call or text. it's all a part of at&t's it can wait campaign. back over to you. >>> thank you very much, landon. san jose's mayor, sam liccardo is going to join leaders at the vatican to discuss major social issues. the mayor just one of five u.s. mayors invited to speak at a global symposium on human trafficking and climate change. the mayor will be part of a panel discussing poverty and affordable housing in large cities. >> i'm a huge admire remember of this pope and as a catholic i find him to be incredibly refreshing to see his openness on social issues, his focus on poverty. these are really critical times for us, certainly as citizens of the world. >> this conference comes on the heels of pope francis' manifesto in global warming calling it a moral issue. this week the cal state