on desk tonight we have steve grasso, bonawyn eison, tim seymour, and julie beal. we start with the rare friday night earnings alert on palo alto. the company reported better than expected earnings even as revenues came in slightly below guidance. that monster two-hour earnings call is under way. bertha kuhns joins us with the latest. >> it's still going on but said they were only going take questions for 15 minutes. we'll see if he extend. meantime, palo alto did beat on the bottom line reporting adjusted earnings of $1.44 a share. top line came shy of expectations at $1.9 billion. still up 26% year over year. the company noting that operating margins increased more than 5 percentage points for the full year as it continued to focus on profitability. and we see that trend in its 2024 guidance once again. on the bottom line, better than expected. they are predicting $5.27 to $5.40 a sherrick well above consensus, but the revenue, again, shy of expectations at $8.15 billion the $8.2 billion. the street looking for $8.38 billion. on the conference call, the ceo talke

on the desk tonight, bonawyn eison, courtney garcia, guy adami and steve grasso we start off with stocksslidin into the weekend, dropping sharply midday the sell-off seemed to be sparked by apple the world's biggest company closing the day down 5%, its biggest loss since last september for a week s&p 500 and nasdaq both more than 2%. each indices posted their worst weekly performances since march. the vix rocketed higher closing above 17 for the first time since may. is this a case of as goes apple so goes the market what can we expect courtney, what do you think? >> i think when it comes to am you saw apple traded lower around 2:00 and so did the marks. when you look at the s&p 500, apple is the largest holding what's happening today is apple was not doing well amazon actually was doing fantastic but apple is more than twice the weighting of amazon, so that's why the markets are going to take the lead there not the mention that fact that berkshire hathaway also owns apple. the markets are really overexposed to this. that's what you're seeing it trade on i was cautioning advisers, make sure yo