deidre is looking at amazon and josh lipton will cover apple for us josh, what are you looking for >> kelly, here is what the street's going to be looking for from tim cook's company after the close here earnings per share of $3.86. that will be on revenue of about $87.28 billion that will represent gains of 15% and 11%. iphone units, 80 million with an average selling price of $756. key metric for investors, march revenue guidance, the street expecting $65 billion, meaning a jump of 24%. apple stock is about 7% off that recent high we saw of $180 in mid-january on concerns of demand for the iphone x. though, there are some apple suppliers who are probably saying some of these reports we were hearing about steep production cuts were actually overstated we should soon have a better idea guys, back to you. >> josh, how key is the china number particularly when it comes to the iphone? >> it is very key, wilfred

josh lipton is at apple headquarters in cupertino. >> reporter: 77.3 million. that was the bigumber in apple's latest quarterly report. refers to the nber of i-phones that apple shipped in the quarter. that was a bit light versus expectations. m analystselled 80 million. when people are buying those phones they are paying wemore. know that, the higher price points for the 8 and the 8 plus and the flagshipch iphone x w starts at $99. the average selli cost clocked in at $796. that was better than the $756 that analysts had opted. for "nightly business report" i'm josh lipton. >> reporter: alphabet cracked $100nn billion inl sales for the first time in its 20 year history. its revenue beat wall street estimates and itsre earnings lts did not. that sent shares initially lowes in after h trading. aditi roy has more on alphabet's quarterly results. >> reporter: one of the key metrics were watching was traffic acquisition costs. those are the feesoogle pays its distribution partners. they have been going up in cent years because of the rye in mobile anding pro gramma

for "nightly business report" i'm josh lipton. san frhecisco. >>>ubber met the road at general motors. that's where wegh begin tos market focus. the automaker said cost cutting initiatives and demand for suvs and cross overs helped them top estimates. gm saw a lot of bright spots in the quarter. >> very, very pleased wit the results in north america. a record there at $2.9 billion and 10%argins in the fourth quarter. another half a billion dollar quaromr of equity i from china. and really important improvement in our gm international marketsi another pble quarter in south america. >> gm finished up almost 6% on theay at $41.86. >>> strong demand for botox treatments helped he willer jen post better than expected profits and sales. igparately the cpany said its experimentaline treatment performed better in a study. up t 168.33 there tapestry said its coach and stewart widesman bran helped overall sales edge past expectations. earnings also came in ahead of expectations. and the company hiked its guidance for the year. that helped push tapestry up

he acknowledges they are great results but also there were great expectations josh lipton, cnbc businesss, san francisco. >>> we are in the busiest week of earnings season this week the f.a.n.g.s are in the spotlight. there were originally four f.a.n.g. stocks, but we're widening the bite to include apple and alibaba. facebook reported earnings ahead of expectations, but the stock wobbled on thoughts that people would spend less time on the site, 50 million hours a day mark zuckerberg says people are spending less time on viral videos investors are focused on advertising revenue and the contribution from instagram, which was 4$4.1 billion last year amazon has threatened to enter a number of different sectors. many investors are more interested in its cloud business, aws. apple stuck struggled in january amid worries over iphone x sales. the latest figures after the bell today. >>> alibaba will be scrutinized in the competitive space and netflix has surpassed expectations for subscribed growth facebook says the amount of time users spent on the site dropped sharply in the fourth quarter.

cnbc's josh lipton getting exclusive access of the that's next >>> also ahead, one company's u uniquenswers to school shootings, a live interview with the man who built what he calls america's safest school. the closing bell is back in o tw minutes live from the new york stock exchange directv gives you more for your thing. your top-rated thing. that five stars, two thumbs up, 12-out-of-10, would recommend thing. because if you only want the best thing, you get the #1 thing. directv is rated #1 in customer satisfaction over cable. switch now and get a $200 reward card. more for your thing. that's our thing. call 1.800.directv sure. momwhat's up, son?alk? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around. >>> welcome back facebook's coo speaking at mor

and don't miss josh lipton's full interview with palantir's ceo alex karp today at 11:00 a.m.hat's not one to miss as we go, let's check in on markets. futures pointing higher but not as high as we were at the start of the show. we were up 100 at the start of the show, dow up 62 points now s&p up 5 points. nasdaq up 16 points, this final trading day of february, we're down about 2.8% for the dow and s&p. nasdaq down about 1% "squawk box" is next >>> good morning stocks bouncing back a little after yesterday's fed fueled selloff. we'll tell you what to expect for today. there's news every day that moves these things it's a gdp print we'll see. >>> ceos talk to squawk. we'll bring you earnings reports from etsy, weight watchers and booking holdings you'll recognize who that is once andrew conducts that interview. i had to figure that out i think it's priceline we don't have shatner. >>> first on cnbc interviews with the chief executives. and amazon reportedly paying $1 billion for smart doorbell company ring also a scary movie "the ring." we'll break down the action with ed lee

. >> josh lipton is at apple's headquarters with more >> melissa, the ceo started off the call talking iphone franchise, the performance of iphone x specifically take a listen. >> iphone x was the best selling smart phone in the world in the december quarter corning to canalas and it has been our tep selling phone every week since it launched. iphone 8 and iphone 8 plus rounded out the top three iphones in the quarter in fact, revenue for our newly launched i-phones was the highest of any lineup in our history. >> melissa, i also had the chance to speak briefly with tim cook i asked him how he thinks about the iphone x, is it a mainstream product or at that price point a niche product. tim cook telling me you don't going the top provider in the world by being a niche product apple watch had the best quarter ever, up 50% the wearables product line, watch plus air pods was up 70%, the second biggest revenue contributor after the iphone and the cash pile, $269 billion over seas, what are they going to do with the money the cfo saying they will provide an update to their capital allocation

q 1 revenue guide, $279 billion plus or minus 2% the street was at $275 billion back to you. >> josh lipton thank you. certainly the valuation on this stock some would have said high. it has come down with the rest of the market. you heard talk of gaming and crypto anybody a buyer. >> if you see at value go down 10% and you have been shorting nvidia on valuation and you have been wringing your hands and they smoke it on earnings per share, beat on gross margins and through the roof revenues. they should have preannounced this quarter three weeks ago didn't do it stock is up. should be up valuation will be down. >> how much of this isn't already in the stock people know they are in gaming the crypto element of this, to be that definitive and to try to also put some reasonable around it i thought was smart that may be a driver but everything else we heard we knew they were crushing. >> it's not a big driver they are not talking it up ib they are bisquely saying -- >> it is a part. >> what i'm saying is it's single digits of their total revenue, but it's going the provide upside because it's b

now maybe 2% >> hold on, after the number >> the official answer >> josh lipton, tell us, how did theyorted eps of 63 cents versus 59 street at 11.8 is 1 billion. looks like total gross margin clocks in at 64.7%, and the guide, kelly, looking for between 64% and 66 cents, street at 63. revenue growth between 3% and 5% turning to the product segments, kelly, looks like applications and security, each increasing about 6% infrastructure platforms, so that's a core networking offerings, switching and routing, those increased by 2% this call starts at 4:30 eastern. we'll be on it. kelly, back to you >> up 5% thank you. how does this fit in with the story? >> so last quarter was the first quarter we saw guidance growth, 1-2%, so, josh, to your point, it's meager growth, but it had been some time since any growth. clearly, there was inflection in some of the products and businesses, and some of the new businesses, so - >> cyber security. >> cybersecurity, but now there's a switch that also is a new product cycle for them, got data points from the company, the ceo and cfo, body language that t

josh lipton has more on microsoft's quarter. >> $5.3 billion. that's the big number in microsoft's report. it refers to the company's commercialloud revenue, which jumped nearly 60%. marginr also moved hig year over year. kirk ma turn of ever corps isi ys that's a key focus for investors. microsoft has become one of the largest cloud platforms. andhoseloud businesses that will be microsoft's main drivers of growth over the next years. he says these are strong results but he acknowledged there is great expectations with the stock up strongly heading into this even's report. >>> fellech giants facebook also beat wall street earnings expectations. they pulled down $2.1 a share. revenue up 47% from a year ago to $13 billion. but a shift in strategy, and a dip in user engagement sent t stock all over the place in after hours trading. julia boorstin has the details on facebook's lest quarterly numbers. >>> facebook beating financial expectations. but the company announced a nearly $2.3 billion impact from tax regulatory reform. and ceo mark zuckerberg

josh lipton asked tim cook if the new iphone x with the steep price tag is a mainstream product.ook said you don't become the top selling smartphone in the world by being a niche product we would like it to be for everyone let's bring in cyrus what are your thoughts on that comment? is there a peak in demand because it's such a high-end product? >> yeah. i think all these comments are missing the point. iphone revenues are up 30% if we had a full quarter, another week to compare with other quarters, they would be up 21%. the mix between iphone xs and cheaper phones is less relevant. the iphone category continues to be strong. >> a lot of questions on the call about what they'll do with this extraordinarily big cash pile, give than they're moving more cash back to the states do you expect them to make a big acquisition or buybacks? and the fact they're thinking about using that cash now, is that a benefit for the stock or a concern? >> they stated they're targeting zero net cash balance, i hope they don't give it all away in dividends and share buybacks they need to address the th

cisco's board approving a $25 billion increase to the authorization of its stock repurchase program josh liptoncnbc business news, san francisco. >> if you want to learn more about cisco's business, the chief executive chuck robbins will be on 15:10 p.m. central european time. >>> apple could see revenues spike if it buys back 10% of its shares every year. for more go to cnbc.com for details. >>> schneider electric reported a rise in the full-year core profit margin beating its target they cited improving prices and cost management and said strong performance helped offset negative currency effects. earlier this morning cnbc spoke to the chief executive of schneider electric and asked whether growth in china will disappoint this year >> china as a firm is deploying priorities of a five-year plan to which schneider is very aligned in the field of energy management, energy transition, reduction of carbon emission 6 billion of the business is industry or automation which is serving the need of industry there again china is an ambitious plan so we added a strong year 2017 with double digit growth w

still lower about 3% for the year josh lipton is at an apple shareholder meeting in cupertino and has mood there josh >> kelly, the vote at apple shareholder meeting today going as planned those eight nominees to the board were approved. that's tim cook, al gore and bob iger among others. the stock is down about 9% from a recent high, though still up more than 20% over the past 12 months the shareholders we spoke to, today, very much bowled up on tim cook's company >> he said capital spending is going up from $12 billion to 16 billion, so that's up $4 billion this year. i think so with that amount of money they will find something new and exciting. >> tim's a great leader. he's ethical, moral, and i think he's taking the company in a very ethical direction that's good for business. >> they're very innovative always coming up with a great new product, very versatile and easy for anybody to use. >> tim cook fielded questions from his shareholders. he called the iphone x the new standard for smartphones and talked about his wearables business which he says is now the size of a fortune 30

it should be a priority, not just to palantir but to a lot of peers out here >> josh, thank you josh liptonsan francisco. >>> it is the last trading day of the month if checking your cl calendar more on the biggest winners and losers in february losers in february stay with us with ingenuity, technologies, and markets expertise we create the possible. and when you do that, you don't chase the pace. you set it. nasdaq. rewrite tomorrow. and i recently had hi, ia heart attack. it changed my life. but i'm a survivor. after my heart attack, my doctor prescribed brilinta. it's for people who have been hospitalized for a heart attack. brilinta is taken with a low-dose aspirin. no more than 100 milligrams as it affects how well brilinta works. brilinta helps keep platelets from sticking together and forming a clot. in a clinical study, brilinta worked better than plavix. brilinta reduced the chance of having another heart attack... ...or dying from one. don't stop taking brilinta without talking to your doctor, since stopping it too soon increases your risk of clots in your stent, heart attack, st

. >> speaking of growth, we have hewlett-packard enterprise josh lipton with the details any growth there, hpe reporting 34 cents versus expectations of 22 cents. revenue, $7.7 billion versus expectation of $7.1 billion. that q2 guide, 29 to 33 cents. the street was at 26 cents for the year they're looking for $1.35 to $1.45 the street was at $1.28. business segments, hybrid i.t., up 10% intelligent edge, so networking products and support, $620 million, up 9% i did have the chance to speak with new ceo antonio nari about the quarter. one question, michelle, for traders and investors, is there going to be a strategy shift now that antonio neri is the man in charge taking over for meg whitman. mr. neri telling me, we should not -- we would not be here if it were not for meg's leadership in the last 6 1/2 years. she put us on a great path and a division strategy we have in place is something that meg and i worked together on with the board last year. i am excited about the opportunity to take this strategy forward and accelerate it in addition, michelle, we should mention given tax reform,

course, that services revenue did increase a good amount last year let's get a lot more on this from josh liptondavid, heading into this apple earnings report, there were a the love stories about demand trends for that new iphone x you were just talking about there. apple's ceo tim cook making it clear that he is very pleased with how that flag ship hand set is performing saying since we launched it in early november, for every week thereafter including the weeks in january, it was the top selling iphone which is pretty fem knoll pheno you think about it tlachlt is going incredibly well. given it was the top selling smart phone in the world, it's pretty good. i also asked cook about whether he really thinks of the x as a mainstream product or is this really more of a niche device? he said it's not for everyone. everyone can't spend $1,000. i don't have my head stuck in the sanld on thad on that. some people love the fact that face id is even more secure than touch id some people love the cameras some people are swayed on the edge to edge super retina screen you don't sell the numbers we're seali

. >> all right thank you, josh lipton >>> for more on this now, let's bring in the chief investment officerith wedgewood partners and andy argraves, analyst wit key bank capital markets he downgraded the stock this month to second sector weight. good morning to both of you. andy, downgrade, but the average selling price on the iphone driven by the iphone x is pretty impressive apple seems to have shifted from trying to hit home runs with the iphones to more singles and doubles with this portfolio of products why aren't you more bullish? >> well, i think it's a shift in strategy towards extracting more profit from each user rather than trying to grow users and one of the things that we were looking for was for gross margin upside to contribute to that we didn't get it the costs are rising more than we expected and that took a lot of the upside out of our expectation. >> david, are you feeling similarly about apple the idea that perhaps the addressable market for the luxury good, the iphone itself, isn't as big so they're trying to make more of an ecosystem play? does that make you a bit more

josh lipton, thank you for joining us on the west coast its lots weighing on the markets today.have big tech earnings and expectations from tomorrow's first read on the 2018 jobs number joining us now, j.p. morgan's chief u.s. economists and michael j. wilson, morgan stanley's dhechief u.s. equity strategist the other thing that still seems to be in focus is the fed what we got yesterday despite no rate hike was -- what seems to be more hawkish tone coming out of that statement, how many rate hikes you are forecasting this year and do you think the fed is behind the ball on this? >> so we're forecasting four hikes once a quarter we think yesterday's statement was broadly consistent with that like yourself we saw it as mildly hawkish a few changes in language that suggested a little more confidence and inflation will come back to their 2% target are they behind the curve? not yet. but i think they're at risk if we do see a little bit of a tickup in inflation here they could get a little more worried. i think right now they're in a pretty good position you know, they are moving at

first here is josh lipton with the cnbc market rap. >> thanks, chuck.r six days in a row. the dow gained 19 points. the s&p added eight. the nasdaq lost 17 points. new home construction increased 9.7% in january. beating analysts' expectations. new building permits have also jumped to their highest level since 2007. shares of coca-cola got a boost after reporting better than expected earnings. company says water and sports drinks were the best-performing beverages. that's it from cnbc, first in business worldwide. this new day. looks nothing like yesterday. roads nowhere to be found. and it's exactly what you're looking for. but prevagen helps your brain with an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. >>> welcome back. another major development today in the investigation into what is now known as the deadliest high school shooting in american history. today the fbi admitted that less than six weeks ago, someone called an fbi tip line to re

but first josh lipton with the market wrap. >> after a volatile week, stocks rally with a major averageality gains early for closing off the highs in the previous three sessions. dow jumped up 347 points. the s&p gained 45 points marking the best day in two weeks. nasdaq climbed 127 points. walmart shares plunge 13% in the two trading sessions after retailer reported the fourth quarter financials and drop box is going public. the company filed the ipo prospect us today and the cloud software vendor was valued at $10 billion back in 2014. that is it from cnbc, first in business worldwide. that dry my mouth. i just drank tons of water all the time. it was never enough. i wasn't sure i was going to be able to continue singing. i saw my dentist. he suggested biotene. it feels refreshing. my mouth felt more lubricated. i use biotene rinse twice a day and then i use the spray throughout the day. it actually saved my career in a way. biotene really did make a difference. [heartbeat] with its historical ance records...test ...you could learn you're from ireland... ...donegal, ireland... ...and

meeting shareholders today with serious questions swirling around the strength of the iphone our josh lipton starts us off with what is at stake today. josh is live in cupertino. >> reporter: hey, scott, listen, the shareholder meeting is really just getting started right now, shareholders dpa gathering. actually in the new steve jobs theater at the on the new apple campus that's where they introduced the world to those new iphones, the 8, 8 plus and iphone x last fall tim cook is going to be here and is going to field questions from shareholders, scott. i've been covering these shareholder meetings for a while now, and i can tell you cook always does seem to appreciate and enjoy these meetings he seems to really like fielding these questions from his shareholders, which typically cover a very wide range of topics but i wouldn't be surprised if shareholders also do, to your point, scott, have some questions this morning about the iphone franchise the health of that franchise, the future of that franchise you know, apple did just recently report results. we saw iphone units in that holiday qu

josh lipton? >> kelly, nvidia reporting $1.78 beating expectation of 1.17 bucks. revenue up to $2.91 billion. gross margins of 61.9% better than expected turning to the guide here, nvidia expecting $2.9 billion in the first quarter and up 1% to 2% better than the estimate of $2.47 billion. conference call kicks off at 5:00 p.m. eastern and we'll be on it. back to you. >> thank you, josh nvidia up 6% yes? >> i'm wondering -- we're seeing a similar trading pattern for all of these stocks. i think it plays to your argument, stephanie, that a lot of these companies were just taken down anyway, indiscriminately and now the market's left to respond to these earnings whether they're good or not, they're going higher. >> they have to be good. they got a beat in raise, especially nvidia but it just beat and raised. that's why it will take a lot of homework and hard work to figure out which companies are downed on nonfundamental reasons, to your point, bill, and which ones are already down because they didn't deliver the ones that didn't deliver, we have one in the after-ma

nasdaq up by 16. >>> palantir is one of the most secretive and highly valued startups in washington josh liptons josh >> reporter: andrew, palantir we know has attracted a lot of attention for the work it has done for the u.s. government including the cia and department of homeland security but the company whose software allows customers to import and analyze massive volumes of data is building up a roster of corporate clients, too, including airbus, murk, bp we have a previously unreported contract with fiat chrysler and how it helped the company's employees. you. >> preserving jobs because once the 1500 employees are using the software you'd need a ph.d.. you're making them as valuable and it skalgs acrocales across e enterprise. >> palantir once valued at $20 billion has seen the share price marked down but karp told me if and when he took his company public, investors, he said, would be impressed >> i think people will be -- when we do this i think people will be very surprised at what they see, and i think they will be positively surprised because what -- because we've been quote, unquote,

josh lipton has the roku reports, julia on pan ddorpandod kate has restaurants, and sema has hotels forel is guy, as we told you, he's back, thank you, guy, and david is here from hennessey funds. thank you. bill smead is here too the biggest winner was united technologies managing to stay positive dow transports up 30 points today. the biggest loser was walmart, down 3% after yesterday's 10% drop the s&p 500 advanced auto parts the big egest winner. so, guy, first of all, what do you think about the close? that just got -- >> miserable a fascinating day. market rally, obviously, after the fed minutes, but rallied because the fed said, you know, the wage numbers for a couple weeks ago, take them with a grain of salt. people interpreted that or the machines, to bill's point, interpreted the fed's not into it, but people said, wait, inflation is here, fed has to move reverse, 2.95 on the ten-year, and we're back to probably the environment we should be in. the vix should be north of 20, and quite frankly, all the technicians out there -- >> north of 20 >> absolutely. >> because of the fed

diana olick, josh lipton surveying tech josh, let's start with you >> since the close on january 31st the s&p 500 has lost more than $1 trillion in market cap big tech names taking a lot of that beating google, microsoft, apple have all suffered some of the sharpest haircuts. each name cutting at least $30 billion in market value. tech sector of the s&p 500 basically flat year to date. though it's still up 12% over the past six months. it's up about 30% over the past 12 months. and this weakness comes aztec has posted what strategists would describe as a pretty good earnings season. earnings growth, 21% versus the expected 15% revenue growth 15% versus the expected 12% lindsey bell of cfra says the selling isn't surprising given the run-up some tech names had in 2017. she still expects the sec store to have strong results but she points out it's trading 19 times average versus five-year average of 15. >> let's turn to housing which was suffering amid higher rates. how did today's rout impact builders >> they're down as well. big names like d.r. horton, powlty homes but they have ralli

correction territory from its highs as wall street digests last night's earnings report cnbc's josh lipton has more on the move, including last night's jbz. josh >> apple did enter correction territory, falling 10% from the intraday all-time high of $180 different moving parts in that earnings report. on the one hand, weaker than expected iphone units, 77.3 million in the holiday quarter remember, the street had wanted to see something closer to 80 million. that was ate disappointment. on the other hand, apple is showing strong pricing power, better than expected on that front. the average selling price jumping 15%, $796 driven by sales of new i phoniphones, incg the "x". they noted the stock's dramatic rise the vert relative to expectations this iphone cycle is weak and total iphones sold, he says, are likely to be flat for the third straight year. morgan stanley remains bulled up on apple, telling her clients that services acceleration, which jumped 18% as well as capital return offset, which she calls a muted iphone unit outlook, saying apple could buy back more than 20% of shares back