i got reaction from bloomberg businessweek's max chafkin and a portfolio manager, dan morgan, who managesbout 240,000 shares apple stock for his clients. dan: it is an interesting report. if you would have told me they would have missed on both services and revenue, i would have said there was no way they would beat on top and bottom line. but as you mentioned, wearables, 5.53 billion, that was a big plus. they also used about $21 billion of cash on the quarter to repurchase shares and increase the dividend. i think they kept it at $.77. so they did some other things to kind of help along, which initially you would have thought would have been a tough quarter for them at least based on the fact that they missed estimates on iphone revenues and also services. emily: still, we have got the president warning that the trade war is not going to get better anytime soon. that could impact the iphone max. dan: yes. emily: if tariffs come into play on the iphone, what do they do? max: the reality is, for years, apple has been counting on global expansion, selling lots and lots of smart phones in c

to discuss, ian king and dan morgan. dan, you have a position in hp. ian, i will start with you. what more are they saying? >> i had a chat with them both. he reassured me this is personal and not a decision he took lightly. he has to go back to his native australia to deal with his family situation. if you take him at his word, there is no background story, no corporate scandal, no push out. emily: dan, shares of hp up 55% since he took over in the split with hpe. he has grown revenue, profitability. what is the impact on the company? >> it is interesting because we go back to meg whitman splitting up these companies. everybody was putting their money on hpe. that was the most exciting part of hp. the old printer business was boring. so it is interesting to see hp q doing so well. it looks like they had a pretty good quarter. printing was down 5%. there were concerns in the previous quarter surrounding slowness in growth in that area. it looks like personal computing was up 3%. overall, a pretty good quarter, a beat in terms of bottom and top lines and consensus estimates. emily

i got reaction from bloomberg businessweek's max chafkin and a portfolio manager, dan morgan, who manages apple stock for his clients. dan: it was interesting, if you would have told me they would have missed on both services and revenue, i would have said there was no way they would beat on top and bottom line. but as you mentioned, wearables, 5.5 3 billion, that was a big plus. they also used about $21 billion of cash on the quarter to repurchase shares and increase the dividend. i think they kept it at $.77. so they did some other things to kind of help along, which initially would have thought would have been a tough quarter for them at least based on the fact that they missed estimates on iphone revenues and also services. emily: still, we have got the president warning that the trade war is not going to get better anytime soon, that could impact the iphone max. if tariffs come into play on the iphone, what do they do? max: the reality is, for years, apple has been counting on global expansion, selling lots and lots of smart phones in china. and it has been able to do that to some ex

to discuss coming in king has been covering -- discussed, ian king and dan morgan. n, you have a position in hp. ian, i willtart -- start with you. >> i had a chat with them both. he reassured me this is personal and not a decision he took lightly. he has to go back to his native austria to deal with his family situation. , noe is no background story corporate scandal, no push out. of a.p. up shares over in the took split with hp. what is the -- hpe. what is the impact? whitman back to meg splitting up these companies. everybody was putting their money on hpe. hpit is interesting to see doing so well. it looks like they had a pretty good quarter. printing was down 5%. there were concerns in the previous quarter surrounding slowness in growth in that area. it looks like personal computing was up 3%. overall, a pretty good quarter, a beat in terms of bottom and top lines and consensus estimates. emily: tell us more about the guy replacing him at the top, a 30 year vet, started as an engineering intern, navigated part of the split and was they are that time. is that he

andy: that was max chafkin dan morgan. apple's biggest rival also reported earnings this week. afterg shares fell second-quarter profit more than halved from a year earlier. i got details from selina wang in hong kong. >> we already received a profit warning from samsung, so they actually beat estimates on some fronts. the big story has been an industry-wide story, around these memory chips. they have suffered from low demand and falling prices because of the overhang from the uncertainty,onomic and slowing demand. but we did hear positive news on that front. toy are expecting demand pick up in the second half of the year, a big sign was they expect these data center players to reconsider purchasing again. we also did see declines in their mobile business. 42% decline in operating income. of course, the whole industry has been dealing with problems, but samsung did say profitability was eroding because of intensifying competition in these low to midrange markets. some samsung-specific issues, but they've also been dealing with a lot of global geopolitical overhangs. emily: talk

. >>> let's bring in dan morgan, a lyft and uber shareholder and senior vice president and portfolioager. lyft put up some better-than-expected results in some cases we might give you some profitability guidelines going forward here what do you think about lyft when you look at that quarter? do you have more confidence now than, say, when they first went public >> obviously it was a great quarter. the only thing as you know and you talked about that came at the end was that movement up on that lockout date to the 19th. that raised fears that maybe this was the best quarter and insiders know something that the street doesn't know. really across the board it was a 72% jump in revenue so it was a very solid quarter for lyft. >> we have uber coming up here, reporting their results. what are your expectations there? $3.4 billion in losses that is a very big number. >> yeah, the big number i'll focus on is gross bookings that's expected to be $15.8 billion. that's a 30% increase from a year ago also the take rate, which is about 20%. that's how much money they actually take, that being ube

we will bring in the dan morgan senior vp and performance manager at snynovus trust have you been throughnot like most s 1s what's your take >> no, it's incredibly complicated. for starters, this is different than a lot of start-up ipos. you have a holding company and another holding company on top of it. the graphs and charts look weird. there is weird stuff in there. i wrote this yesterday they are feeds willy complicated and will bother investors. they have to clean it up when they do their amernded filing right after labor day. >> dan, cleared up how there are some of the pages that talk about the relationships and things that happen in the past that frankly can't be cleaned up but do raise lots of red flags. >> i think they have to explain it for example, there is a big, it's not that bag in the frame of wework. the $5.9 newman payment the founder received from the company in exchange for the trademark we before it changed it's name to the we company. which is it's specific company >> that i have to come up with why and pay it back. >> that's stupid list in the long list of stupid th

were injured in the dispute between the beni and new tribes are the serious head of morgan reports now from car too. so dan sovereign council which was sworn in just last week and which has pledged to prioritize peace in its 1st 6 months of the transitional period has declared a state of emergency in the city of port today now this follows days of ethnic clashes between members of the benny and the new but tribes and we understand from people in port sudan that it started as a verbal quarrel between members of the opposing tribes which eventually turned violent the authorities say at least 17 people have been killed and dozens others have been wounded and are now hospitalized and activists are telling us that the tensions are so high that people from opposing tribes cannot be hospitalized in the same hospitals due to concerns of outbreak of war violence sudan suffering council also dismissed the acting state governor who was appointed by the transitional military council following the ousting of longtime president i'm going to be here in april they've also dismissed the head of security the sovereign counc

week the options market thinks one bank is signaling the bottom is in dan is at the plasma with "options action" >> let's talk about morgannley, one of the big investment banks here. put volume was three times that of calls today, but it didn't look particularly bearish. it looked like an opening seller of 20,000 of the december 36 puts when the stock was trieding if you are a seller of puts, that is a bullish trade. so taking in 60 cents for 20,000, that would be 1.2 million dollars in premium the stock would take in. the worst case scenario, the trader would be put $2 million shares of stock at 36, but 35/40 plus the premium they took in. an interesting trade on a day where financials were kind of rocking and rolling. interesting because last night around the same time guy adami sauntered to the smart board and made a bullish power pitch, short-term trade on city group it sounded like guy is leading the pack with bullish trading activity on morgan stanley, the stock is up 4% of the year, under performing its pieer goldman sachs up 20% look at this it looked like a textbook, head and shoulders. one of the interestings th

to see what changes come their way so dan is now a nation waiting to see if its new government will be able to fulfill the demands of millions of its citizens morgan al-jazeera khartoum. a court of malaysia has postponed the trial of former prime minister najib razak for a week monday's proceedings would have been the 2nd of 5 trials over corruption charges facing at least $25.00 criminal charges of money laundering and abuse of power is accused of using his position to siphon off $550000000.00 from estate investment and he denies the charges and says they're politically motivated. artist organizers in hong kong say more than 1000000 anti-government demonstrators rallied into the night on sunday they set up a spite heavy rain in one of the largest gatherings since june and her thomas was back on the streets of hong kong on monday morning and has more from there. i spoke to one of the organizers lights on sunday and she told me that the rally was a huge success for one primary reason turnout and the organizers said in advance that they were hoping that half a 1000000 people would type they say 1700000 people at some point were either in victoria pa

morgan, right, they said they will increase their dividend next quarter. they will be a 3.75% yield and 10 in change times owning. i want to own it i know danve me a lot of feedback. >> not that one. that one's fine. own it all day, just sell the other ones. >> for me, jp morgan. >> i mean at a certain point it gets to the point of absurdity big short interest, i think macy's might be one. i am shocked, by the way -- >> of what >> nathan and walmart. i mean you give me a hundred guesses -- >> he is shocking lately. >> shocking in a good way. i understand what tim is saying about chevron but it is not expense itch they're coming off a decent quarter given the environment, and the stock has been side ways in an environment where they could have gone lower. so i think receive rchevron is e >> up next, final trade. for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. >>> quick check on disney on

optimism about dan's future but also included minded to the new transitional government that they are ready to keep the flames of their revolution burning till all their demands are met morgan al jazeera hutton well here's a look at sudan reached this point protest against rising bread prices began in december last year and quickly turned into calls for former president omar al bashir to resign he was accused of hiking food prices and creating fuel and cash shortages by mismanaging the economy the protests grew rapidly in early april thousands of people demonstrated daily and bashir was removed by the military protests continued with calls for the military to hand over power to a civilian led government until a deal was reached last month more than $100.00 protesters have died during the push for democracy with simon adams is executive director of the global center for the responsibility to protect he says the creation of the civilian that government would diminish the power of the military. it's a great day in the sense that it's great that this agreement was all but let's keep in mind is going to be 39 months before elections can take place and during at least $21.00 of t

morgan freeman and i show a few because so many. we could do the whole show by showing them but i'm interested to hear one this is dan's out a steve. young denzel the man almost never ages jennifer hudson as winnie mandela yes how do south africans feel about that and then oh my goodness ugandan is forest whitaker playing in maine and the list goes on and on and on i think if you want to really get to the core of this it's about the respect that the actress reveal has for african-americans african-americans feel disrespected by what she said and now she is representing a very iconic character and i know through reading that it has been said i can just read the patient and say this but i can just read the script and i can connect to it in my way without the baggage and things like that what i sense from the tweets accent or a is that african-americans want someone who understands harriet tubman from an intimate level and from. a lyrical and painful and says strong memory not just i'm going to take that heart i can i can interpret this part they want almost someone that is being driven i want them to have a resume that says even beyo

to see what changes come their way so dan is now a nation waiting to see if its new government will be able to fulfill the demands of millions of its citizens morgan al-jazeera khartoum at least 20 people are feared dead after a fuel tanker exploded in western uganda it overturned and burst into flames and the fire engulfed 2 buses and destroyed nearby buildings malaysian court has postponed the trial of former prime minister najib razak or awake and day's proceedings would have been the 2nd of 5 trials over corruption charges and this one of $25.00 criminal charges of money laundering and abuse of power is accused of using his position to siphon off $550000000.00 from the state investment $22011.00 in 2014. the u.n. says more needs to be done to tackles bennett than his whalen's migration crisis more than 4000000 venezuelans a flat economic and political turmoil since 2015 most of them ended up a neighbor in peru colombia chile and brazil the head of the un refugee agency who has been in brazil lobbying for better treatment of the migrants we've discussed with the government how best to ensure that the most vulnerable venezuelans be included in t

dan's military has been deployed to help with the rains affecting almost every state in the country the u.n. says more than 37000 homes have been destroyed or damaged and more flash floods are expected to morgan has this update from one developed north of the capital khartoum . floods from the river nile waters here in woodrum which is about 50 kilometers from sudan's capital had to have displaced at least 2000 families now according to the u.n. over 200000 people have been affected by floodwaters nationwide and sudanese authorities say at least 62 people have been killed due to flash floods and rains houses have also been destroyed many houses have been submerged a completely collapsed due to rain want to and flooding and the authorities say tens of thousands of houses have been destroyed most of them in neighborhoods where people earn low income and now here in wood rumbly the people have largely left their homes and their properties they have displaced to a nearby camp and there's thing that they're waiting for government authorities to deliver aid as well as better living conditions now most of them don't have places to sleep as well as no electricity no food and no clean water and they'r

have been injured in the dispute between the benny and they're a new better have a morgan has more from cotton. so dan so frank council which was swarming just last week and which has pledged to prioritize peace in its 1st 6 months of the transitional period has declared a state of emergency in the city of port sudan now this follows days of ethnic clashes between members of the bed and the new but tribes and we understand from people in 4th sudan that it started as a verbal quarrel between members of the opposing tribes which eventually turned violent and activists are telling us that the tensions are so high that people from opposing tribes cannot be hospitalized in the same hospitals due to concerns of outbreak of war violence sudan suffering council also dismissed the acting state governor who was appointed by the transitional military council following the ousting of longtime president i'm going to be here in april they've also dismissed the head of security the sovereign council had sent a delegation to try to mediate between the 2 tribes but so far that has been unsuccessful which lead to the c

so, then, dan, is it the big cap tech names, the software names that don't have as much exposure to china, for example, that continue to look the most attractive that's a great insight, morgan yeah, that's exactly it. what you want to do is you want to avoid the names that are associated with china. and forget about the fact that the charts look good as you pointed out, if you look at a lot of the software names, they're not in china look at the big internet names, google and facebook, they're locked out of china. those are the areas you want to go to, when you're looking for things that make sense or look for names that are beaten up, but where fundamentals are starting to improve, like in some of the gaming stocks. those are the areas that we're more focused on right now in terms of looking for longs and adding to exposure >> facebook and google both down over a percent today have you added to your exposure today, will you be doing so tomorrow >> yeah, we didn't add any today, to be clear but during the sell-off, we were that happened a week ago and yeah, we are actually -- that's our next move is to try to find levels where we think, okay, we can add some more to them, b