josh lipton. we're seeing those shares up really holding onto the after hours pop initially when the earnings results were released dan nathan, anything change your mind on microsoft here in terms of valuation >> no, it's interesting. it hard to get a sense in the after hours mel, like you said the stock is trading 240 the options market is 4.5% on average the stock moved 3.5% over the last four quarters. let see how the stock acts tomorrow morning the good news which was expected might not have been baked in yet the fact of the matter is, it's like who out there is left to buy this stock if you're a technical trader, fine you may want to play for an epic breakout after a long consolidation but when you consider where the market is and how crowded the trade is, the news is good it has to continue to consolidate and figure out the next leg and catalyst for the stock and how meaningful with the breakout. >> tim seymour, what did you make of the line items josh highlighted? >> it 12% of sales it's an

pushed higher you have to be careful about that >> apple is lower with the call underway let's go to josh lipton who has the detail josh >> let's go through the segments iphone was up 17% to 65.6 billion. services also better than expected at 15.8 billion wearables, home accessories, 13 billion. ipad 8.4 billion greater china revenue up 60% to 21.3 billion i caught up with tim cook. we talked about trends and themes in the quarter. cook telling me they're full of features that customers love and they came in at exactly the right time with where 5g networks were and the camera, mufrs loved the moldings he sd supply constrained but hopes to come into supply-demand balance soon when the final numbers come in, we're going to see that we gain share in q one it was a great quarter we had great growth in other categories as well as china. ipad, mac, wearables, homes and accessories, higher. it was strong across the board i asked him about pandemic take the stores out of the equation particularly for. i think ipad and mac go across e-commerce people are used to ordering those across on line both of that

. >>> we're going to have a lot more big cap tech to chew on let's get to josh lipton on that >> thearly this week when it comes to apple hitting a fresh all-time high, it's actually outperformed many of its notable big-tech peers during the past three months and the past year here is another way to think about it since apple last reported results it has added about $460 billion in market value, the equivalent of a walmart. bulls are confident about the report today, too, given the strong reception for the company's new 5g-enabled phones with consumers opting for higher margin pro and pro max models. due to the pandemic and lockdowns people continue working and learning at home that could result in strength for the ipad and mac businesses. tim cook says he thinks we have entered a new normal, that working from home can be effective. as for services morgan stanley, a second consecutive quarter spurred by continued strength in the app store. the new digital subscription bundles. on the other hand skeptics could be asking how good news is priced in at these levels and some are wondering

and josh lipton has more on that and other stories. >> good morning.o president trump has signed an executive order banning transactions with eight chinese app companies. the administration argues the move is aimed at curbing the national security threat posed by the apps which includes alipay it ramps up tensions with beijing with just more than two weeks until president-elect biden takes office biden could revoke the order though, it is unclear if he will sticking with china, the new york stock exchange is apparently considering moving forward with delisting three major chinese telecom companies. bloomberg reporting that the potential reversal comes after treasury secretary steve mnuchin called nyse president stacy cunningham to express his displeasure with the decision to let them keep trading. this is after president trump's november order requiring investors to unload chinese businesses deemed a threat to u.s. security. and apple added a new section to its annual proxy statement the language is new this year highlighting the regulation and antitru

semis, and the smh, the etf that tracks the semis experiencing its weakest week since march >> josh lipton. mike, what do you make of it especially let's take a stock like apple after the quarter it put up and the week it had, down another 3% it has been a rough week >> the only real common th threthread running through these, it is crowded. beyond that, it is not the me a reaction to the numbers. if you look at stocks like amazon, actually down 2.3% this week it's actually firmed up. i don't think that it's kind of an across the board skimming, but it is trimming back. it is 8% off the highs it is telling us more of the same, a general repositioning. february is sometimes a rough month. you see the volatility indicators are all telling you don't relax just yet it is an easy place to raise a little bit of cash. >> seema moding as the names reporting today. >> caterpillar did manage to beat q 4 expectations, wretch did decline, construction mining energy, transportation, all seth oars, as the ceo said on the call it is about the 2021 turn turnaround, bullish demand from china where it is se

track of all on earnings report apple, facebook, tesla apple's call just pwrapped up let's go to josh lipton. >> he did not offer formal guidance but he did offer some color on what apple is seeing. you saw the stock tick lower on the color, the commentary. they believe growth will accelerate year over year and follow typical seasonty and said services will face a tougher comp, meaning in the march quarter last year pandemic lockdowns that meant real strength and certain services. a tougher comp is coming there they believe year over year growth in the wearables category will decelerate compared to q 1. apple plans to decrease air pod channel inventory as is typical after the holiday quarter they said gross margins, they said similar to the december quarter that clocked in at 39.8%. by the way, they gave a stat that said they installed 1.65 billion so the number of active devices in people's hands does show the strength of apple's ecosystem and potential addressable market for services. cook did tell me by the way, he's supply constrain now on the iphone 12 pro he's hoping to come into suppl

microsoft headlining a big day for after-hours moffat josh lipton with a preview. >> microsoft is upt 12 months though a relatively more muted move over the last three months. but ever corps says that means the risk reword now looks more attractive at these levels he says microsoft could benefit from the course ahet from easing come payers accelerating it, as the economy recovers small business customers spending more on microsoft products. one big number to watch, azure's q 2 growth rate, looking for 41, and positive onside given continued cloud adoption >> josh lipton, thank you. howl powell, how is the setuplocking for microsoft >> microsoft, the skok has been consolidating for the better part of several months now, and you know, it's starting to get to the higher end of that range here today, breaking out of that range. what is interesting about microsoft is -- you know, it is considered a tech stock, one of the big names, high flyers almost nowadays. in reaction to earnings, the stock is very -- it average as gain or a loss of about 3% on earnings versus all the other he mega ca

i'm josh lipton from cnbc. wall street is set to open lower this morning as investors watch the results of the georgia run-off election. some traders worry the senate controlled by the democrats could lead to higher taxes and tougher regulations on companies which may weigh on the broader market, but that outcome could lead to additional stimulus and give a boost to companies hit hardest by the pandemic. stocks are coming off a solid session yesterday which the dow, nasdaq and s&p 500 climbed back from steep losses. reports on factory orders and hiring in the private sector. >>> macy's will close another 45 stores this year as part of the ongoing restructuring plan. the plan calls for shuttering of 125 stores over three years. macy's hasn't said which stores will close in the coming months or how many jobs will be affected. the "chicago tribune" reports the flagship store on the magnificent mile is among those closing its doors. >>> your flip phone is safe for now. verizon is delaying the shutdown of its 3g net

josh lipton has the story for us. >> this was a surprising statement from hyundai initially indicatingin early stage talks here with apple about potentially working on an electric car lots of excitement the stock popped then kind of reversing course releasing a new statements avoiding any mention of apple at all. analysts telling me you can rule out a partnership between these two, but comments like this, they say, could certainly hurt hyundais chances of sealing any deal because apple we know does not like talking about products in its pipeline. all of this fuelling speculation about tim cook's goals here targeting a vehicle by 2024. but a apple analyst says the market is too bullish on this idea and won't be advised if a occur doesn't launch until 2028 or later back to you. >> josh, thanks for that i mean, hyundai's initial statement saying we understand they are talking to global automakers, what prompted them to release that if they didn't have permission to do so >> i wouldn't -- that would be a question, wilf, for hyundai. i think you are best served asking the company why they w

let's bring in josh lipton on the tech wrek. what can you tell us >> big tech taking it on the children, apple, microsoft, facebook, amazon, a if a bet in the red. apple on pace for its fourth straight day of losses, its wurt day since november 23rd, trading at 7% of its most recent high that it hit last tuesday the best performing faang stock in 2020. also check out microsoft on track for its third day of losses in the last four and pacing for its worst day since november 10th. still up nearly 40% in the past so names like shop and o because these are the kind of companies helping us work, learn and play at home amid the pandemic and with one relative bright sot the all right, john, thank you very much >> appreciate it >> good to see you >> all righty, still ahead, with the vaccine key to the economic recovery, states are struggling to pick up the pace on administer the the and how quickly can it be fibsed and surging it record high and a wild holiday drive as "power lunch" continues for the new year straight ahead. >>> welcome

our josh lipton has more on that hi, josh >> reporter: so, carl, nobody doubts parler's increasing popularity which i got from the team this morning in 2020 they tell me the parler app was downloaded about 9.6 million times. that is more than 25 times the number in 2019 but now big tech is cracking down including apple which removed parler from its app store saying that posts on parler related to the riots on capitol hill included calls for violence which violate store rules. for example, screen shops of the app viewed by cnbc show users threatening to bring bombs to aws data centers apple saying in a statement there is no place on our pla platform for threats of violence and illegal activity parler has not taken adequate measures to people's safety. some argue this is a unique moment for apple, a game changing step in how the company thinks about its store which analysts say is critical accounting, they think, about 40% of total services revenue. but in reality this actually isn't a first for tim cook's company. the iphone maker has rules in place for content on the store and when apps viola

melissa, back to you >> thank you, josh lipton brings up a good point as he always does we still don't know about the major problem that has plagued intel for weeks now. that is a question about manufacturing, the edge that it had lost under bob swan as well as his predecessor do the results change any of that >> it did crush a quarter. dan and i were talking before the show look at the revenue guide for the first quarter. look at the margin beat and year over year actions. it's a remarkable quarter given what they've told us the last two or three quarters, in my opinion. the stock has gone from 47 to 63 in a straight line kudos to dan nathan who talked about this weeks ago when it was at that 48-49 level. they did an options piece on it last night i think this just traded up to the june high, if you go back and look it's had a huge run. although it's a great quarter, there's no real clarity in terms of the manufacturing issues. my sense is you take profits here and look to get back another name like the amd's that's come off a hundred dollars. even a lamb research, who had a huge upta

josh lipton joins us now with more >> so twitch is the video streaming site owned by amazon it's whereple go to watch other people play video games but it's also becoming a way for politicians to connect with young voters that's just what u.s. senate candidate raphael warnock did. they played the game uno while also fielding political questions from players as part of this growing trend we're seeing, remember back in october, representative alexandria ocasio-cortez played the game among us on the site, her stream peaking at 439,000 viewers. michael pactor said it makes sense to access twitch, and why not. the number of people watching twitch in the u.s. meaning at least once per month, reaching more than 42 million in 2020, that was a jump of 26%, estimates that twitch is probably now generating around $800 million in annual ad revenue. rivals include facebook and youtube. will these twitch eyeballs translate into actual registration and votes maybe we'll have a better idea after today in georgia >> wouldn't you just love to watch mitch mcconnell play "fortnight"? >> i would that's goo

gm saying remarkable things about the sale of electric vehicles to jon's point about apple, our josh liptono tim cook last night about the quarter and some of those monster metrics. hey, josh. >> so, carl, a blow-out quarter, that's how some on the street are talking about apple's q-1 results, beating expectations in the top and bottom you saw iphone revenue surging the stock slipping today a couple issues, one, heading into this quarter it had surged more than 80% in 12 months and on the call the cfo luca maestri did talk about normal seasonal revenue growth, similar margins. some do bet the forecasts could prove conservative i did catch up with the ceo tim cook we talked about the quarter and the new iphones. cook tells me they're full of features customers love and they come in at exactly the right time between the advances on 5g and the camera customers really love the models customer satisfaction is off the charts, cook saying. revenue in greater china you saw that surge nearly 60% to more than $21 billion. the iphone franchise is performing in china saying when the final numbers do co

joining me are vaughn hillyard and josh lipton. vaughn, you watched this procession come by. take me through what that was like? >> yasmin, i think what four days ago you and i both stood on this west front lawn here. and we watched what was happening up on that -- in front of those doors. and we frankly didn't know exactly what was happening. it's clear from the videos that you were showing, what is clear is the fact u.s. police and others were trying to not only protect the capitol building itself but protect lives inside of it. those individuals included brian sicknick. the individual whose procession passed just by us behind where our camera is right now. to speak from four days ago to today,is moving. there were several thousand officers as well as capitol police that lined the streets here between independence avenue and constitution to way their respects to the capitol hill police officer, brian sicknick, who lost his live on wednesday, after 12 years serving here for the capitol police. >> josh, i want to bring you into the conversation here. because we have been watc

. >> back to you thank you, josh lipton guy what do you make of this quarter with the stock higher after hours? >> a number of things. i'm glad you mentioned there's two hours tonight. hopefully i'll have a chance to run to the men's room at some point. what i'll say about microsoft, is it shows you how lousy ibms quarter was. i had azure growth at 40%. we're splitting hairs with magnum pi there. the thing that stuck out is operating margin is up 41 1/2 percent. we talked about valuation, well, i tell you what, microsoft at 32 times given this quarter and given the growth rate to me is still extraordinarily reasonable we're now above the september 2nd high, which i think is 235 that's your level of trade around we really haven't wavered on this name for a long time, and i think you stay the course. this quarter gives you no reason to get out. >> 48% i think is in constant currency, correct me if i'm wrong. but the street is going with 50%, which is better than what was expected, and of course better also compared to last quarter. dan nathan, where do we go here with microsoft >> well, li

josh lipton joins us now with more stay at home boosts for apple like we saw for microsoft, i guess, joe, $111 billion that is how much revenue apple just generated in its fiscal q1. that is a new record, better than expected. as you mentioned, the stock did slip on the conference call, cfo did caution that growth in wearables will slow in the current quarter compared to q1, and services business is going to face a tougher year over year comparison, and this report comes after a remarkable run here remember, heading into the report, stock was up more than 80% in the past 12 months. i did catch up with ceo tim cook we talked about his iphone franchise. it jumped 17%, better than expected, $65.6 billion in the quarter. cook saying of his new phones, they're full of features that customers love, and they came in at exactly the right time with where 5g networks were, between the advances on 5g and the camera, customers love the models, customer satisfaction is liter literally off the charts cook telling me when the final numbers come in for those phone shipments. you're going to see we g

josh lipton with more on that company. >> parler had become increasingly popular in 2020, that app was downloaded 10 million times more than 25 times the number in 2019 now big tech cracking down google removed parler from its app store. apple did, too, saying posts included calls for violence and that violates app store rules. for example, screen shots of the app viewed by cnbc show users threatening to bring bombs to aws data centers apple saying in a statement there is no place on our platform for threats of violence and illegal activity tim cook's company has removed apps before for content violations like info wars and telegram but parler's ceo fighting back saying we can't just write a few algorithms that will quickly location 100% of objectionable content but that doesn't mean we haven't been effective up friday afternoon it seemed that apple and amazon and google agre agreed. >>> other tech companies including payments start-up striper taking additional steps in light of last wednesday's events deirdre bosa has more. >> cutting off the trump campaign's money flows that's arguab

>> facebook, twitter and amazon taking more ooaction following last week's riot on capitol hill josh liptonest. >> let's start with parler at the center of this fallout. now suing amazon for pulling its cloud computing support after that deadly riot on capitol hill aws withdrawing support after concluding that posts on that platform encourage and incite violence in a lawsuit parler is accusing aws of breaking antitrust laws big tech decided to crack down on parler hard google pulled parler from its app store. so did apple, saying calls for violence on parler violate the store rules. twilio's ceo was on cnbc this morning. he talked about big tech's response here. >> the offline world it's obvious. you can't run into a movie theater and yell fire, you can't walk into an ice cream parler and expect to be a customer of those establishments online companies are doing the same thing >> finally, on the theme of social media backlash, news at facebook as well saying it will now remove content containing the phrase "stop the steal" from its services in the lead-up to president biden's inauguration c

josh lipton has the details. hat happened here, josh >> so, sara, intel is on track here for its worst day since october. it's now trading about 20 off its most rene high the new ceo on the conference call saying he is going to keep most chip production in-house. we know the challenge for intel, of course, manufacturing issues, it now lags tsmc which remember makes chips for rivals like amd. in the enmootime as intel plays catch up here, investors wonder does it keep losing share to that company on the other hand patrick more headquarters sees reasons for optimism guys, back to you. >> josh, thank you very much mike, intel had the momentum going into the quarter even during the prerelease, the stock initially went up on those numbers, the sales >> yeah, i --? what's the read now? >> i think you got a little bit of confused algorithms there when it did hit, and the quarter itself was leifly better than expected i do think the idea of not making a really bold comprehensive outsourcing plan is probably muddling the p

. >> josh lipton, thank you very much. >>> as we look ahead toward tomorrow, after a positive session minutes in the afternoon. notes from the last federal reserve meeting where they didn't make a change but always interesting to hear the discussion around extending asset purchases as they tweak the language making it even more accommodative for wall street. we'll also get adp, a report on private sector jobs report december is not supposed to be a pretty strong month. in fact a lot of forecasters say we could even lose jobs in the month of december. i think the consensus calls for just under 100,000 jobs added. >> clearly the market has shown a willingness to wait for economic numbers to get better it definitely got a little bit of a taste for stronger data with the ism today but the jobs picture is a little more muddled in terms of the near term. the fed has become more accommodative rhetorically some fed officials say down the road if things heat up in the economy, we might be talking about cutting back on asset purchases so maybe there will be interesting color in the minutes. >>>

. >> josh lipton, great to get that color and commentary from tim cook on the quarter. thank you very much. ed lee, what stands out to you from the results really strong growth in china as josh highlighted and then off-the-charts customer satisfaction according to tim cook from the new phone. >> yeah. it's a blowout quarter absolutely the greater china growth is super interesting. i think investors have always thought of apple as this weird hypercompany, value on one end and potential growth on the other. china clearly is really picking up for them. the growth is there at least on that side of it. i was surprised by every element. i think the iphone number was crazy. so people are really looking for the high end phone they want the latest but the broader, for me, the broader theme is that it just really cements apple as more of a lifestyle company. i know we tend to think of it as hardware and high tech which it is and these users always go for the latest but they've created this ecosystem that is why service is going as high and steady as it has been because for every d

we're beginning with josh lipton who has a preview of tonight's big report from apple. soft, i understand the fundamentals, some of this other stuff i'm not sure i understand, josh we're looking forward to apple >> let's head into this, we know this, apple enjoying a very nice run. it has outperformed all four of the big tech peers over the last four years it's down a whopping ping 170% the recent lows last year. bulls see more coming with the reception of the 5g enabled 12 phone. with checks for higher margin pro and pro-max projects and with the lockdowns people continue to work from home and learns from home for the ipad and mac businesses. the preliminary pc shipment data showed apple shipping 6.3 million macs in a quarter. after services, morgan stanley seeing a second consecutive quarter of growth spurred by continuing seing strength in th store. on the other hand, some skeptics asking about what about after this quarter they know there are potential challenges, for example, tougher mac and ipad compares on the way. let's get to phil lebeau watching tesla and boein