taking a leg lower just moments ago the conference call got under way 20 minutes ago let's get to josh lipton for the details. josh >> reporter: we entered the conference call. the ceo gave guidance, that's when we took that immediate leg lower, 64 to 68 cents, total revenue between 2 and 4% q2 crowd revenue, growing between 39 and 43% the street clearly disappointed by that forecast the ceo is now on explaining more about these numbers, giving a little more color. i'll bring you those headlines as soon as i can, melissa. >> i'm sorry, josh, the revenue growth guidance is up 2 to 3%; is that correct? >> reporter: 2 to 4% total revenue, 2 to 4% the cloud revenue guide, 39 to 43%. >> the street was expecting 5% revenue growth and eps of 64 to 68 cents was their guidance, 68 cents was consensus. so falling short for the fiscal second quarter cloud revenue up 39 to 43% we were just talking about this, all time record high and here we are. >> it's all about cloud, though. they made such a major investment and most people thought they couldn't get it right. i wasn't sure they could get it right. i

josh lipton has the details of the company's latest iteration of the company's ten-year-old signature gadget. >> we do have one more thing. [ cheers a >> reporter: and with that, apple introduced the world to the iphone x. ceo tim cook borrowing the fame phrase from his predecessor in the steve jobs theater on apple's new space-ship-like campus. cook called at it biggest leap forward since the original iphone, along with a $999 price tag. apple unveiled a slew of new features on the iphone x, including facial recognition, camera upgrades, and no more home button, plus wireless charging, a feature already offered by samsung and others. the flagship phone was shipped november 3rd, a little later than usual, leading to some concerns about supply chain constraints ahead of the holidays, although in line with apple's previous guidance. apple also introduced an iphone 8, an 8 plus, which will be available later this month. the iphone is critical to apple's business. it represents about 60% of the company's revenue. big contributorer t eto the cam you see behind me which was built for a repo

>> thank you so much, josh lipton in palo alto. i did speak to gene munster this morning, we had him on a couple of days ago. i asked him where we are on his 5 to 6% pullback call. he said even though we're down 8% from the 52-week highs, he still thinks it drifts lower we're very close >> you know, i'll tell you what -- >> i called you silly bk >> he did call me that >> i would never call him bk >> i'll tell you what, i'll tell you what i've been called silly a lot of times. every time i'm called silly, it's the best thing ever for my trades you know what, i will buy apple. i like the price action today. the lines were horrible. what worse news could you get? i saw receipts of people returning watches. i buy apple right here >> you bought it today >> 100% agree. it's 100% of buy, it's going to be $180 over the next six months and then you take chips off the table. no question the purchasing habits and the way people buy things have changed, we know that from the brick and mortar slaughter that we saw. it's ridiculous to look at th

. >> thank you >> tim cook, talking to our josh lipton out in palo alto. >> lte version of the watch series 3, selling out in a number of places around the world. the iphone 8 in good supply, and the issues very minor, tim cook says, on the wireless thing. apparently some consumers think so because that version is selling pretty well, he says. >> so he said. >> have a good weekend everyone. see you monday let's get over to the judge and "the half. >>> and welcome to "the halftime report." i'm scott wapner our top trade this hour, target 2,700. why one of wall street's top strategists say the market will hit that level this year with us, jon najarian, stephanie link and aaron brown with us as well and mike wilson here, investment analyst and chief executive officer. the russell 2000 is bucking the trend all the way on the right-hand side. mike, good to see you. welcome back. >> thanks. >> what do you make of the russell and what it says about where we are in this some rally? >> other than torturing people it's been a wild ride this year with the russell fortunately a couple weeks ago

josh lipton at the apple store in california with the latest. josh >> reporter: thanks, michelle.o actually just caught up with a guy camped out here on the sidewalk since last night waiting to get his hands on the new phone. he says when the doors open to the store behind me here he'll buy the new iphone 8 plus. >> well, one is wireless charging and got the same internals as the iphone x but cheaper and faster to open with touch i.d. >> reporter: now that young man tells me he was disappointed hoping to see a big line here today. there really isn't a line. so he was a bit disappointed wanted to commiserate with fellow die-hard apple fans and analysts say they expect smorter lines, one we know, obviously, consumer shopping habits changed. people are buying those phones now more online. and also, remember, this is a really different kind of rollout this year. this is a staggered rollout with that iphone x coming later that could be having an impact as for the new features and capabilities of the iphone 8 and 8 plus, new glass and aluminum design apple said it's the strongest yet. d

. >> and for that, josh, we will come back to you, josh lipton in palo alto today. >>> good morning, it is 8:00 a.m. in cupertino, 11:00 a.m. on wall street, and "squawk alley" is live. notice ♪ ♪ "squawk alley," i'm carl quintanilla, john ford, michelle caruso-cabrera, sara is off today. joining us this morning, jeff richards jeff, always good to see you, good morning a lot to cover >> good morning. >> from apple to facebook. facebook agreeing, as we now know, to hand over 3,000 russian-linked political ads to congressional investigators which were purchased during the election the company launching an overhaul how it handles paid political ads. facebook will demand advertisers disclose who is footing the bill zuckerberg, this is what he said yesterday. >> i don't want anyone to use our tools to undermine democracy. now, i wish i could tell you that we're going to be able to stop all interference, but that just wouldn't be realistic there will always be bad actors in the world and we can't prevent all governments from interference, but we can make it harder, much harder, and that's

josh lipton tells us what to expect you can see the main ring-shaped building right behind me here and the campus really does reflect the vision of steve jobs in fact, this campus was so important to jobs that he personally plans for the council just a few months before he passed away in 2011. >> i think we have a shot at building the best office building in the world. i really do think architecture students will come here to see this i think it's that good >> the event is going to take place at the new steve jobs theater, an auditorium that seats 1,000. we expect to see a new flagship iphone from apple. the features include a display that would show colors much more vibrantly, maybe facial recognition to unlock that device, improved wireless system and better charging. the expected price, $1,000 can apple respect live up to these lofty expectations we're going to soon find out >> josh lipton there and in this week's trader poll, are you hanging up on the stock, yes, no or maybe you're waiting for the reaction to the larchb. either way, the game of phones continues. >>> head to traderp

i want to get more on the google case, though details on the google class action let's bring in josh liptono's been following it. good morning, josh >> sara, the complaint filed in san francisco slamming google for paying women less than men for similar work a lawyer for the three former google employees who filed that suit says there are many more women expressing similar concerns >> we've been contacted by over 90 women and interviewed dozens of women, and these three women have stepped forward to be on this class action complaint, but they are simply representatives of many, many more women >> for example, plaintiff kelly rizuri joined google sales in 2012, says she brought in a lot of new revenue for the company despite that success, though, she was kept in a lower paying position than her male counterparts a google spokesperson responding, "we work really hard to create a great workplace for everyone and to give everyone a chance to thrive here. we'll review in detail but disagree with the central allegations. this isn't the first time google has had to deal with these complaints compa

day for apple in the last ten years the expect unveiling its new iphones, let's get straight to josh lipton at apple headquarters >> reporter: hi, melissa the new iphone finally getting revealed today, the iphone x ceo tim cook was on stage, he introduced the device right behind me here at the steve jobs theater in cupertino take a listen. >> we do have one more thing this is iphone x it is the biggest leap forward since the original iphone. >> reporter: among the new features, an edge to edge 5.8 inch oled display. no more touch i.d., instead facial recognition to unlock the device apple says that is more secure than touch i.d we'll wait and see whether consumers agree. new and improved camera system when you looked at surveys at what people were looking for, an improved camera was in the top three. the phone is powered by a faster processor and runs ios 11. it will benefit from wireless charging iphone x starts at $999. orders begin october 27th, available november 3rd we were also introduced today to the new iphone 8 and iphone 8 plus 4.7 and 5.5 inch displays, redesigned stereo speakers

iphone use is you produce a good phone here, you will see a lot of upgrade demand >> all right, josh liptoni heard you will be sleeping out there tonight. i cannot confirm that. if you are, try to get us details on what we can see do you think we can be surprise by a new tv product? maybe the apple watch three. there is some speculations, josh, that we may get the preview of a watch that does not need a phone to work, e sims is what it is called. maybe the dick tracey's watch may arrive >> we are not just speaking of phones brian going for a fun and he can get texts with notifications i heard you guys mentioning a lot of expected features it is interesting to see some of the survey work. what do people want to see i was talking to ben at creative strategies and smart tech analysts for the watch, apple for a long time. the three things that they found consumers really want to see an improved camera, wireless cha e charging josh lipton, i'm see you tomorrow, have your limo pick me up tomorrow. >> now, we are talking about basically a super computer that by the way happens to make phone calls

congrats josh lipton, congrats, buddy very cool for mr. that as well see you soon. >> the question is why isn't this same phone getting the same old love from the apple faithful lines, josh mentioned they're small, social buzz is a lot less -- let's ask a man who's been using the products now for close for a week josh is the senioreditor at cnet, scott, welcome >> thanks. >> you have them right there. >> what's your verdict >> you know, they're better but they're under the hood better. and that's the thing you get that year over year with phones, and so when you have a product like the x that's still coming out that's supposed to be the flagship phone, you want to wait and see how it compares, we haven't used that phone to any degree beyond a couple of minutes. so you're spending $700, but there's nothing here that you're really going to show off you know, that's the problem if you're waiting on line, want to do something to stay, hey, i got the new phone. it's faster, takes better know t photos, there's nothing dramatic about it. >> if so

josh lipton is in cupertino with more. >> reporter: steve jobs once set most office parks were prettyoring in his opinion, so his answer to that is what you see right behind me. this is apple's new corporate campus called apple park the main ring-shaped building here, 2.8 million square feet, capable of holding about 12,000 employees. right near this building is the new steve jobs theater they are tomorrow at 10:00 a.m. local is where we expect apple to unveil the new flagship iphone we know the reports and rumors have been flying fast and furious secting it will be called i foismt x, beasting a 5.8-inch display replaced with face i.d.a.r. related sensors and cameras, wireless charging. the price could be $1,000 according to rbc and the 7 and 7 plus could be upgraded, too, and analysts these this could include a glass back, faster than, and wireless charging. it's up 60% near its 52-week low. there are reports suggesting that tomorrow apple could be ready to introduce a new watch with the own cellular connection apple shipped 3.4 million watches in q2, putting it right behind -- >> wi

sort of a lukewarm reception josh lipton is at an apple store in palo alto where the ceo stopped by earliercertainly high hopes for these new iphones, 8 and 8 plus. yes, apple ceo tim cook stopped by the store right behind me here in palo alto, california. i had a chance to briefly catch up with him. i asked cook what some of the early reads were on demand for these new products, not just the 8 and 8 plus but also the watch. here's what he had to say. >> i am thrilled here's what we're seeing right now. the watch with lte, the series 3 watch, we are sold out in so many places around the world and we're working really hard to meet demand. we've sold out of iphone 8 and 8 plus in some stores, but we've got good supply there. and so you can see what's going on here this morning i couldn't be happier. >> reporter: now take a look at apple stock chart kelly, i know you referenced this. coming to near-term pressure three straight days of declines. down around 7%, 8% month to date though still up around 30% year to date. i know you were reading the same reviews i was this week. when it came to tho

. >> as promised we have oracle's earnings josh lipton, how did larry ellison's company do >> reporterorting eps of 62 cents versus expectations of 6 0 cents. revenue $9.2 billion the street models $9.03 billion. looking through the divisions here here, bill, total clad revenue up to $1.5 billion software licenses $966 million the biggest part of the software business, software license updates and product support, $4.95 billion. in a statement, ceo mark herd saying with software service revenue up 62%, our cloud applications business continues to grow more than twice as fast as sales force i'm going to be speaking to ceo mark herd in just a bit here to get his response to these results and i'll bring you that reaction first thing tomorrow morning. guys, back to you. >> josh, thank you. >> stephanie, was that a wow i heard from you >> cloud are real goly good. a bit distorted from accusations. the organic numbers. clearly that's going to have implications on the marmggins sd for the time being i was chuckling, they go after salesforce, salesforce goes after them the point, this is a gro

report in the chipmakers as a result of concerns that the iphone x may ship later than expected josh lipton has the details on the big launch of the new apple products >> we do have one more thing. >> reporter: with that apple introduced the world to the iphone x tim cook borrowing a phrase from his brepredecessor. in the steve jobs theater on apple's new space-ship-like campus cook called at it biggest leap forward since the original iphone, along with a $999 price tag. apple unveiled a slew of new features on the iphone x, including facial recognition, camera upgrades, and no more home button, plus wireless charging, a feature already offered by samsung and others. the flagship phone was shipped november 3rd, a little later than usual, leading to some concerns about supply chain constraints ahead of the holidays, although in line with apple's previous guidance. apple also introduced an iphone 8, an 8 plus, which will be available later this month the iphone is critical to apple's business it represents about 60% of the company's revenue. big contributor to the campus you see behind me whi

josh lipton is outside of apple's new spaceship headquarters josh >> that's right, john. so right behind me here is apple's new corporate campus called apple park. 175 acres of parklands and buildings, and tomorrow is actually going to be the first time apple opens up this campus to the public. the event is going to take place at the new steve jobs theater and auditorium that can hold 1,000 people star of the show is going to be the new flagship iphone and here's what we expect, 5.8-inch iphone with edge-to-edge oled display. no home button, instead using facial recognition for unlocking the device, advanced sensors and cameras and wireless charging. the price tag here, rbc says, $999 besides the new phone, we also anticipate updates to the iphone 7, a new apple tv with 4k support and new watch with its own cellular connection, meaning that watch would be much more of a stand alone device say you're on a run, you can send texts, receive notifications, even when the iphone isn't in range. investors clearly expected about these new products, especially the iphone's apple st

josh lipton wascupertino, california, and joins us with the juicy details. rter: so, kelly, let's start with the star of the show today. that was the new iphone x, apple calling it the future of the smartphone let's run through new features and capabilities. include the edge to edge 5.0 inch o-l.e.d. display. no more touch i.d., kelly. instead, face ic. d. going to use facial recognition, your face, to unlock the device. apple saying this is more secure than touch i.d new and improved camera system allowing for better photo, videos and image processing. powered by a new faster processer. the a-11 bionic. it's going to run ios 11, the new mobile operating system. it also benefits from wireless charging rbc serving potential customers prelaunch and found wireless charging was the most attractive feature they were looking for. iphone 10 starts at $999 orders begin october 27th. it's going to be available november 3rd now, in addition to the iphone 10, we were also introduced today to the new iphone 8 and iphone 8 plus. new glass and aluminum design. 4.7 and 5.5

>> thanks so much, josh lipton you see the pop in twitter shares in after hours session. a couple of thoughts, it allows more nuance in conversations in a day and age when twitter is used so often to project controversial views. but also, perhaps for promotive tweets you have to wonder if this allows more bandwidth for promotive tweets >> i've been in twitter, i cut it down to 20% position right around these levels, a little bit lower. i doubled up on it let's say i had a 40% position on my initial size position. i think you're still hoping for a buyout that's never a reason to buy the stock. mid-20s used to be the valuation of a quote unquote buyout. now it seems $20 is where you're looking for. i still think it's a buyout. >> i've been in and out of twitter and disappointed every single time. i'm not convinced if you go to 280 or 281 characters, that that's going to change this is not the type of innovation i'm looking for for twitter. i'm looking for them to embrace the fact that they're the new global newsroom. embrace that, be america's home page >> america's newsroo

josh lipton has the results. >> kelly, micon reporting eps of $2.02, expectations of $1.83 revenue, $6.14hat's also a beat street was looking for -- gross margins clocking in at 51.3% in the release they say sales volumes, 5% higher, nan sales volumes 3% higher. dram and nam averaged sale prices for the quarter increased 8% and 5% respectively heading into this sprint, kelly, this stock was up near ll lly 6% year to date i was talking to betsy of luke capital, she has a buy on the name on this call. she wants to hear more about that gross margin guidance demand for what is seasonally that strong q4 also this company's cap-x plans looking ahead. that call starts at 4:30 eastern and we'll be on it kelly, back to you >> josh, thank you mike, as i mentioned, there were some doubts actually on the street of whether micron could live up to expectations. up 60% this year up call it 3%. i wonder what apple shares are doing in response, too the pricing -- >> it has. apple would be a buyer, not a seller of these pruroducts it's amazing the stock hit a high of 36 and change in 2014, down to 10 and n

. >>> first, josh lipton has today's cnbc market wrap. >> thanks, steve.ollar rising to a seven-week high against the yen. the dow posting a record close for the fifth straight day gaining 63 points. s&p rising by three. nasdaq up by six. the "wall street journal report"ing on feds impending plan to shrink its huge investment in the u.s. economy calling it the great unwinding. the $4.2 billion bond portfolio lowered boroughing costs for homeowners and businesses. we'll hear more from the fed on wednesday. >>> that's it from cnbc, first in business worldwide. you don't let anything lkeep you sidelined. come on! that's why you drink ensure. with 9 grams of protein, and 26 vitamins and minerals... for the strength and energy, to get back to doing what you love. ensure, always be you. juswho own them,ople every business is different. but every one of those businesses will need legal help as they age and grow. whether it be help starting your business, vendor contracts or employment agreements. legalzoom's network of attorneys can help you every step of the way

our josh lipton is live there and the stock is moving on this. >> reporter: scott, we are at this goprod the company did just unveil its new flagship phone hero 6 black goes on sale today worldwide. the price tag, $499. part of what's different about this camera, it has this new custom designed processor. gopro says that's going to mean improved image quality, stabilization, low light performance. you take a look at that stock, scott, and it has quietly climbed about 30% year to date although obviously still well off its all-time high of $98 that it hit in the fall of 2014. for more on this camera, what it means for the company, i'll be chatting with the gopro ceo coming up next on "power lunch" so stay tuned for that interview. stock, back to you. >> the stock is actually down 1.5% maybe not as much enthusiasm about it at least at this moment josh, thank you. >>> coming up, coming , e ten-year yield hitting its highest level since late july. that's coming up next. first a check on the dow, up 30. more "halftime" after this >> announcer: "the halftime report" with scott wapner is the pl

california attorney general joins me to discuss the uncertain future of america's dreamers, but first josh liptonas the cnbc market wrap. >> thanks, kristen. as stocks closed higher on wall street as investors kept a close eye on the jobs report for clues about the fed's next move. the dow gained 39 points. the s&p added 4 points. nasdaq closed 6 points higher. the u.s. economy adding 156,000 jobs in august. the weaker than expected report left wall street wondering if the fed will decide to slow the pace of rate fieks. the carmaker's stock gaining 4.8%. that's it from cnbc first in business worldwide. most american homeowners would be shocked if they knew just how rich they were. the average american home value has increased $40,000 over the last 5 years. but many don't know you can access that money without refinancing or selling your home. with a home equity loan, you can pull cash out of your house for anything you need- home improvement, college tuition, even finally getting out of credit card debt. come to lendingtree.com to shop and compare home equity loans right now. because at lendingtr

tim cook, mark zuckerberg, jeff bezos, they have already voiced their thoughts on this tissue and josh liptonjosh. >> that's right, bill, the showdown between president trump and tech over this issue clearly heating up, and in an open letter executives saying they are concerned about the future of these undocumented immigrants brought here as children saying unless we act now to preserve the daca program, all 780,000 hard-working young people will lose their ability to work legally in this country. the u.s. will claim that the u.s. economy will lose $350 billion if the d.r.e.a.m.ers were forced to least country mark zuckerberg wrote the young people represent the future of our country and our economy. the letter was signed by apple's tim cook and jeff bezos and goggle's patch yeah and others who said we stand with draermers, they are vital to our future sysco has many employees and family members that support daca this is often just a very personal topic with ceos such as patch yeah and khosrowshahi of google all foreign born d.r.e.a.m.ers themselves. >> the rains and winds of hurricane harve

josh lipton live in san francisco will tell us what to expect. >> that's right. the tech sector of the s&p 500 is on track to finish the quarter in the green with a grain of 8%. that means the sector has enjoyed five straight quarters of gains it's up more than 40% since the second quarter of 2016 that was the last time the sector finished negative for a quarter. tech bulls do have history on their side cfra scott kessler points out it has risen 6.4% in q4 that means tech is typically the biggest gainer in the final quarter of the year. it does so with strong frequency, rising 78% of the time there have been recent signs of doubt creeping in. especially with more notable names in tech. apple, for example, is down 6% this month that's following those mixed reviews of the new iphone 8 line it's up more than 30% for the year amazon and facebook also under performed this month alphabet in line there are facing a common risk, increasing political pressure, he says, from both sides of the political aisle and the threat of new regulatory change both here and abroad that

. >>> thanks, josh, josh lipton and nick woodman from gopro. >>> puerto rico in desperate need of crucialupplies many are stuck in ships and barges outside the support we're live on the ground there, next whoooo. you're searching for something. like the perfect deal... ...on the perfect hotel. so wouldn't it be perfect if... ....there was a single site... ...where you could find the... ...right hotel for you at the best price? there is. because tripadvisor now compares... ...prices from over 200 booking... ...sites ...to save you up to 30%... ...on the hotel you want. trust this bird's words. tripadvisor. the latest reviews. the west prices. i can't wait for her to have that college experience that i had. the classes, the friends, the independence. and since we planned for it, that student debt is the one experience, i'm glad she'll miss when you have the right financial advisor, life can be brilliant. ameriprise into president trump president trump waiving jones act rules. the shipping companies are protesting this could make problems there worse contessa brewer is live in san juan with

. >>> apple is getting ready to unveil a number of new products this afternoon josh lipton with morecan expect always a lot of hype going into these. more so today i think for good reason given what we are expecting. >> yes i'm actually at apple's new corporate campus what you see behind me there is the new steve jobs theater that's going to be where this event takes place in a couple hours. apple stock has surged nearly 60% in large part due to excitement about the products we expect to be unveiled here the star of the show is anticipated to be the new flagship iphone which we think will include a lot of new features, including a new 5.8 inch display that would show colors more vibrantly. 3d front facing camera with facial recognition and wireless charging they found that was the most attractive feature the price tag, some think $1,000 surveys indicate that consumers aren't willing to pay more than that in other words, there's a ceiling here that apple needs to be aware of. the device might cost $400 to manufacture. the most ever for an iphone. tim cook either had to charge more or

see you tomorrow josh lipton. michael, the stock up today. huge over the past year and everybody -- this is what we were talking about at the top of last hour, knows about the selloff effect after the new product is launched. >> exactly. >> it does have a tendency -- >> right, brings up the question, is what everybody knows worth knowing or acting on it's a really tough call because you do mention it's up 50% in the last 12 months, the stock. on a five-year trailing basis. it's actually trailed the s&p 500. because in september of 2012, it was one of those iphone launch peaks and, in fact, that was the year you had this ridiculous run before that and it really backed off and consolidated after that. it's difficult to know you know, guys like josh have to try to figure out what the expected surprises are is there anything about the new phone features or other -- >> that we don't already -- >> -- that we haven't already built in that's why we'll watch tomorrow. >> the only remaining element of surprise i thought jeff fowler today was saying, pe

problems with that >>> meantime, google is being hit with a gender pay discrimination lawsuit cnbc's josh liptonhas more on this story, and, josh, good morning >> here's their lawyer on the suit >> google is paying women less than men, and it is doing it in a way that is statistically significant. >> for example, plaintiff kelly ellis was hired by google in 2010 as a software engineer despite excellent performance reviews, she says men with less qualifications were promoted to higher paying positions. she resigned in 2014 due to what's described as a sexist culture. google spokesperson responding to cnbc. we work really hard to create a great workplace for everyone and to give everyone the chance to thrive here in relation to this particular lawsuit, we will review it in detail, but we disagree with the central allegations. this is just the latest controversy for google the company is already under investigation by the u.s. department of labor over claims that it didn't fairly pay some female employees google says those allegations are without any supporting data. it ignited a firestorm when it