josh lipton. >> meantime, u.p.s. getting a pop on better than expected results. frank holland with a closer look at the numbers >> up 7.5%, on pace for its best day since april with some very elevated expectations. the eps with 16 cents above estimates. the average revenue per piece up 7%, with wage expenses only increasing by a percent. the big number, u.s. domest, margin was at 10%. this beat citi's estimate and a lot of other estimates and under 9%, the same metric a year ago investors seeming to give them a better, not bigger strategy a perfect ten, something she touched on in the call >> the capacity, congestion, and cost concerns. but for u.p.s., our outlook is positive we are ready and tight capacity benefits our freight forwarding business. >> she also says u.p.s. is in close contact with its biggest customer, which is amazon, historically, double digit contributor to revenue great report with only one small weak size. small and medium business growth decelerated sharply. u.p.s. says smbs are now 20% of total volume >> especially in contrast to that fed e

let's go to josh lipton who can fill us in on what's happening here josh >> scott, we do have some news on apple which is now sending out formal invitations here to its next event, scott. the invitation simply reads unleashed. please join us for a special apple apple event broadcasting live october 18th, 10:00 a.m. pacific and greg wozniak tweeting, unleashed these next six days, he says are going to speed by and september 14th that was when apple held its next big, vent a and mark your calendars, the next apple event 10:00 a.m. pacific. back to you. >> you know this company better than anybody do you have any idea what we could be looking at here are we talking hardware? software >> hardware could be a bet and that's speculation on my part, and you look at the product line and you think about the mac and the product that saw tremendous tailwinds throughout the pandemic and so many of us were learning, playing and working from home and we'll find out soon enough when tim cook takes the stage. >> i just bought a new macbook pro. they better not have an upgrade already, josh lipton thank

kelly, back to you >> josh, we will see you again soon hopefully our josh lipton. >>> the next guest says apple and other faang names is leading to transition in leadership in tech and other sectors, especially with bond yields doing what they are today. should investors resist the temptation let's welcome in the chief investment officer at the bonson group. technology is where you make the big gains in the long run. >> well, i think that there's a couple of different arguments there. i believe cyclically you have seen whole decades where technology made a ton of money and whole decades where it made no money we know what happened in the '90s and the decade following. the nasdaq took 16 years to recovery some big tech names still haven't recovered from its 1999 pricing. so we want to look at it company by company, but across the whole sector there's been huge growth, both of earnings and of the multiple in much of the technology sector. financials and energy have been great performers for decades as well, but they've run into cyclical patches the financial crisis was the big one in f

josh lipton has more. >> if you are a hunter, then this is the time of year you live for starting inhe fall, millions of americans pick up their rifles and search the woods for big game deer, elk and bear are on the menu vista outdoors says its so-called shooting sports segment which includes rifle scopes to duck calls saw its q1 revenue rise 39% to $463 million. american outdoor brands says its q1 revenue jumped 20% to 6 $1 million. b riley has a buy on both names in part because more americans are hooked on hunting n. 2020, 18.3 million people hunted with a firearm, a jump of 6%. 6.9 million people hunted with bow and arrow. that was an increase of 15%. matt dunphy of the wildlife management institute says this isn't just about the pandemic and socially distanced activities important cultural changes have been happening, too. for example, more americans maw want to know where their food is coming from. dunphy bets we will continue to see an increase in hunting participation as more americans find themselves and their values, he says n the outdoors kelly, back to you. >> josh, thank

back to you. >> josh, thank you very much our josh lipton. >>> intel not the only company predicting prolonged chip shortages. amd saying it could extend through 2022 that said amd and marvel shares up 30% and 40% respectively. intel is negative on the year, down half a point. i'm joined by global semiconductor industry lead at accenture. it is great to have you here normally if it were a chip shortage holding intel back it would be a bullish thing but it doesn't seem that's the whole story here >> yes thank you, kelly, for having me. the intel result highlights the importance of the chip shortage around the whole chip set solution it is not just the main processor. you need the rest of the chip in your solution to be able to deliver the products to the end consumer the shortage could be impacted based on multiple factors including the consumers have already bought a lot of pcs earlier during the pandemic so there may be a slowness in demand also that could be impacting the overall situation in addition to the chip shortage >> you know, intel made this really interesting announcement

. >> let's focus first on the big stories to watch today mike santoli is tracking the action josh lipton with highlights and joining us to break down the event and the impact on apple price is a guest mike, did broader markets nice intraday recovery. >> for sure. some pre-market selling in the futures. a global influence there you could argue. bond yields flying overseas. greeted the investors with a tough cocktail and small positives. more stocks down than up and the bounce seems to have some meaning to folks basically saying the market did not break don't. stopped declining on bad news. also the top in the two-year note yield this morning around 8:00, 9:00 a.m seemed to give way to perform well it is a nasdaq led market. helping things there and bank and consumer stocks also up. look at the mid cap index. outperformed small caps. maybe on the verge of breaking out of the range it is an area that actually is very rewarding kind of got a best of both worlds flavor with it. m&a opportunities. more mature than not overowned might be able to get a little bit of a record high there before th

what is the read for some of the suppliers, josh lipton watching that hey, josh. >> the new report onle saying iphone production could be cut by 10 million units because of that component shortages. they take these stories with a grain of salt given the size and complexity of apple's supply chain. where could investors see ripple effects? joe at webbush said 38 companies with revenue coming from apple sirius logic which is 20% off its january high and skyworks which just downgraded and also 20% off its high and flat now on the year and qualcomm that announced that 10 billion share buyback program. rough there. on pace for its third month decline and worst since march 2020, as well as broadcom. that is up 10% this year just slightly underperforming and down about 5% this year. back to you. >>> let's stick with apple apple watch reviews are out this morning. we also got the news that apple will be holding another event entitled unleashed on monday new macbook models are expected to be the star of the show let's bring in john of the daring fireball tech blog. john, thanks for joining us.

josh lipton. you may look at after hours action and say nah, but the context is important the run-up in the stock, the high bar in earnings and that it delivered in azure on growth following i think it was 51% in the previous quarter that's up there. >> is there a cnf by the way i don't think there is this is a staggering quarter for a company their size microsoft is the most important company in the world it touches so many facets of our lives. they are proving it once again the number that sticks out to me is net income for the first time ever is north of $20 billion and that's up 48% year for year. it speaks to a number of things, not the least of which how they run the company. a lot of people laughed when they bought linked in. it has been amazing. you look at valuations and the cps and start to put the numbers out. that 29 or 30 times next year's numbers might start to come down and you can start making a case for microsoft on valuation which is something we haven't been able to do >> is it

thank you, josh lipton >> karen, i will go to you first. what did you make of this quarter? >> is it a sale delayed or sale denied that's $6 billion. had they gotten that revenue that would have been a huge bead i think the stock being down here is a bit of an overreaction to me i thought the quarter was good the ipad being constrained, i will be interested to hear more what they say about that i thought the quarter was fine i think it's not a shock that there are supply constraint problems here. the magnitude of the problems is bigger than i thought. i think it talks about -- addresses demand is there. i'm long apple, staying long apple. if it trades down lower than now, maybe 140, i will probably buy more >> it is sort of a fine line when he says the supply constraint cost will be greater, but solid revenue growth is expected year on year to an all-time record. tim, doyou say we are poised t be okay in the calendar fourth quarter. do we look through this calendar third quarter results? >> i think you look through the results. we have a massive 5g refresh cycle going on and

box ceo aaron levie is with our own john lipton in his first media appearance since that fight. joshthank you for joining us >> thank you for having me >> aaron, as mentioned, this is your first television interview since that proxy battle with starboard valuended and also unveiled and introduced important features for box customers just this morning. i did want to start, though, aaron, really with the big story dominating headlines right now that is facebook big, important questions about facebook and then also broadly about tech and trust and i want to get your sense, aaron, just about how you're thinking about that issue and how you think it should be addressed. >> yeah, this is certainly a major moment in the technology industry where you now have platforms where the government is deciding that we have to drive greater accountability and possibly regulation for how these platforms operate and the kind of information that people consume and able to share freely over the web these are issues that i think have been brewing for the past couple of decades and social media only multipl

josh lipton is looking at some of the names powering this rally. sh. >> facebook is certainly one to watch here on pace for its fifth straight weekly decline. 15% now off its high year to date up about 20%. amazon is going to post a weekly gain here, its best week since the first week of september. still about 10% off its high chips worth a look, as well. the smh that tracks the semis. it best week since late august saw beat q3 expectations and snap a five-week and a positive read through for tmc customers and best week for amd since july, by the way he said foundry peers like umc goldman upgrading and pricing power and strong execution, they say. best week for broadcom since august and they do downgrade to neutral on cyclical headwinds. carl, back to you. >> thanks so much. >>> we have been tracking the supply chain crunch after hitting shows the company might cut production target by up by 10 million units and how the supply crunch might impact their most important quarter here to discuss winners and losers you have interesting ideas about what it

shares are up about 15% this year joining me is josh lipton along with charlie great to have you both what are you watching? >> so i think investors as always will make a bee line for the iphone revenue number. the street is looking for $41.5 billion. i think investors will want more insight for the iphone 13 models, also supply given the ongoing chip shortage. if we're not going to get formal guidance, i think the street wants detailed color and commentary about that all-important december quarter. >> charlie, i can't imagine you're filling your boots with apple here. >> no. today is the day i've got to take my quarterly whipping for not owning apple you've been nice enough to give us credit for what we've gotten right but we obviously got this one wrong. obviously a great company. it will be amazing if they can dodge the chip shortage, like so many others can't. chip shortages are around the world. is apple going to be the one company that can dodge it? i don't think so, but i've been wrong before. >> josh, what are the suppliers, the chip makers, hinting at up to now >> apple's sup

semis one of the many sectors on the moves with amd, texas instruments reporting results and first josh lipton has more tech stocks to watch >> let's get to some of those movers payment stocks not looking pretty in today's trade so far check out paypal down again today and now basically flat on the year and about 25% off its high and square also down today a different looking chart there. still up about 20% this year f5 one to watch. check out that move in the green in today's trade better than expected results and analysts note robust analyst growth some of the gig economy stocks interesting, as well uber is slipping here and doordash and fiber are down. 50% off its february high. back to you all. >> josh, appreciate that very much. >>> amd is continuing its run. stock is in the green as sales up 54% on heightened demand. we talked to lisa sue earlier this morning in the 9:00 a.m. and talked about her plans for growth take a listen. >> we believe, you know, this, this vision of the next five to ten years whether you're talking about high performance computing, machine learning or the metavers

the shares turned up during it let's get to josh lipton for everything we need to know. >> it is a beast of a machine. that's how apple is describing its new macbook prowhich is going to be powered by the big new brains, m 1 faroe and m 1 max chips which apple claims are faster than the original m 1 chips launched about one year. tim cook said it is helping to fuel the mac growth. two sizes for the new machines unveiled a 16 inch version for 2499, and a 16 inch version for 1999 order today, available next week apple says users are going to feel the different they claimed amazing battery life, updated the displace the machines are quieter better cameras and mics. we know the mac has been a winner for apple people need those machines as they work from home during the pandemic the question is can apple keep the momentum going on the course ahead. also announcing new third generation airpods with new design, wireless charging for $179 entry level airpods now cost 129. airpods part of the faster growing wearables division along with the watch >> so they must be confident that their supply cha

on the apple front josh lipton did talk last night. >> carl, not just about iphone, of course. another big question for apple investors is going to be what does growth look like in the quarters ahead for mac and ipad. we know those enjoyed big tailwinds during the pandemic and so many of us werelearning and working from home and fiscal q4 apple just reported mac revenue of $9.2 billion. ipad revenue $8.3 billion a jump of 21% i did speak with tim cook who sounded bullish on these businesses theal changes, too, saying mac and ipad had major product announcements just last week with mac book pro and these are game changers. we are, though, cook told me, on deep back log. ipad is also terribly constrained for the quarter, cook said. right now i'm more concerned on supply of both of those than the demand skeptics we know sound the alarm, however they say these two products are going to hit air pockets as students return to school and emee somewhere in between that mac and ipad growth will moderate, but not as much as skeptics think hybrid work is here to stay, he tells me and more

mean time, a related topic, apap does report tonight, josh lipton generally gets to talk to tim cook re on what to watch with the stock and its suppliers. hey, josh. >> carl, today that investors have marked on their calendars apple set to report earnings results. now heading into this print, this stock is up 15% so far this year it's only about 3% now from its all-time high here investors, of course, will want to know about that iphone franchise. what is demand like for the new iphone 13 models and what about supply? how is apple navigating the on going chip crunch. ipads and macs will be in focus too. big winners during the pandemic as we learned and worked from home but how do those businesses fare as students return to school and employees to work and what is demand like for the newest mac book pro with apple's custom design chips services front and center as well remember, apple execs did caution on that last earnings call that the services growth rate would return to what they described as more typical level. and we'll keep our eyes on apple suppliers like qualcomm, more than 20

. >> thank you >>> all eyes on names like facebook and tesla today but josh lipton has other movers ofhe nasdaq. >> let's get right to movers here check out nvidia it is on a roll up strongly today. hitting a new all-time high, in fact now up about 90% in 2021 it's not just nvidia, though amd and broadcom hitting new all time highs this morning as well. amd, ok, reporting results after the bell on the downside, look at logitech back to you all. >> thanks, josh. meanwhile look at facebook again it is falling after an initial earnings like snap the company is warning of head winds lowering its outlook reflecting, quote, the significant uncertainty from apple's new ad privacy changes. apple faces own scrutiny the information reporting that the company will indeed likely face an anti-trust lawsuit from the doj. while the financial times has been reporting that apple's in-house ad business has become a giant business overnight joining us now for more on this is former facebook vp sam lessen good to have you i know that you pointed out that chart as well, just the growth of apple's ad busine

josh lipton is here with more. >> we got news out of palantir today as well.announcing it extended its contract with the nih. it is worth $60 million over two years. the team at william blare believes the committee willed secured an extension of an existing contract with the d.a the stock down, down 50 frrz the january high palantir making its public debut in september of 2020 it is still up 150% in the past 12 months. there have been reports that the company might lose a contract with i.c.e analysts say it wouldn't be fanlly material even if that rumor is true. what does impact the stock the stock got caught up in the meme stock craze and hit levels it should not have even as the frenzy cools the stock still looks pricey brent till at jefferies is a bull on this name. palantir is working hard to bring technology to the mass market if successful, he says, palantir will see sustained commercial growth that will change the stock price for the better >> have concerns passed for now about its key government contracts? >> when you look at it broadly, it's coming un

have focused on cloud which has seen revenue growth slow over past few quarters let's bring in josh liptonh is not the narrative people want, unless it is slowing >> bulls are confident with sach ya' nadella is on the call he will talk about strength and momentum in his key businesses including azure, his cloud computing business which goes head-to-head with aws. the street still thinks you will see probably 48% revenue growth for azure year over year of course, we want color and commentary about office 365 as well other themes and trends to listen for on the call is teams, which is microsoft's chat and video conferencing app remember the last time they reported, microsoft said teams had about 250 million monthly active users it will be interesting to see if we get an update to that also that windows business, kelly, keep it in mind as well the new windows 11 operating system, windows still accounts for about 15% of the company's revenue even as it has transitioned to the cloud computing powerhouse, kelly. >> fair enough de la delano, i think of them facing a cliff more than google why wou

josh lipton is with us this morning. how are you doing?> so headed into this report apple was up about 15% so far this year. it was trading actually right around its all time highs but investors disappointed with the latest results apple's earnings did not miss estimates but just in line. first time since april 2016 that apple did not beat as for revenue first time since 2017 that revenues did miss. i spoke with tim cook he emphasized demand is strong for his products right now but supply chain problems are limiting one we had strr strong performance despite larger than expected supply constraints i asked when the chip shortage might ease but he declined to predict that saying they linger on it is unclear cook said how long it will last it is complex, you have to know how the economy is going to be in 2022, you have to know everybody else's demand we are all competing for chips on these legacy nodes apple did not provide formal guidance but cook offered commentary about it saying we expect solid year over year revenue growth despite that c

josh lipton has more on that particular move for us josh >> take a look at the nasdaq enjoying a dayig tech apple climbing in the trade same goes with amazon and is about 14% off its high why basically flat here on the year. and ending on the semis. etf that tracks the chips bouncing up around 15% in 2021. 75% of the names in that etf at least 10% off the highs. >> thank you so much for that. eugene you buying the dip in tech >> i am. only buying the large core technology names microsoft, apple, nvidia, salesforce not the high volatile names such as zoom and the reason is that these companies still have higher earnings growth than the market it will be on the year over year comparison coming down a little bit but i think that they're in a good spot if the market comes down because the pricing is so high so long term horizon core technology is the excellent place to add to as we sell off here a little bit. >> did it get oversold >> technically yes yesterday we talked about trading as a group facebook down 5% why apple, microsoft, amazon, alphabet down 2.5% to 3% people view them as a

josh lipton has a preview for us hi, josh. >> morgan, the mac has been a winner for apple and now the, at least what we think is coming at this event later today, specifically reports suggests the company will introduce high-end mac book pros running on apple's own chips instead of intel's processors new models could apparently include a new design, charger and displays in 14 inch and 16 inch sizes the mac has been a standout for apple. more people look to those machines as they learn to work from home during the pandemic and recent three quarters ending in june 2021 mac sales totaled $26 billion. up nearly 33% year over year one question is what all this means for intel. bernstein estimates apple accounts for a low single digit percentage of intel's revenue, but the biggest risk these macs are a hit and encourage others to follow suit reports also indicate that apple has been hard at work on the next generation of its lower end airpods too. we're waiting to see if those make an official debut today as well they estimate airpods account for 5% of total sales. part of the faster growin

. >> let's get back to josh lipton who got off the phone with apple's tim cook what did he say?th right now cook told me they had a better performance which we estimate to be around $6 billion driven by the industry-wide chip shortages and covid-related manufacturing disruptions in southeast asia. cook told me that has improved greatly, but on the chip shortages, i asked him when he thought it could ease. he told me the chip shortages linger on. it's unclear how long it will last it's complex you have to know how the economy is going go in 2022. you have to know everybody else's demand. we're all competing for chips. as i mentioned, apple did not offer formal guidance, so i asked him for some commentary on it cook telling me we expect solid year over year revenue growth and we expect it to be greater than the september quarter greater than the $6 billion. despite that, we're projecting very solid year over year revenue growth to an all-time record quarter back to you all. >> josh, thank you very helpful to hear especially on the supply chain. this is the first time apple has mis

let's go to josh lipton with the numbers. >> reporting q3 results..11. revenue 18.1 billion in the quarter versus expectations. looking for 90 for q4. and for revenue 18.3 billion is the guide versus estimates of 18.25 billion. segment ccg chips for pcs 9 preponderate .7 billion. versus expectations of 6.6 billion and we should point out the cfo announcing plans to retire in may of next year the conference call at 5:00 p.m. eastern. back to you all. >> looks like the revenue miss is what is causing the stock reaction down more than 6% after hours, mike. >> the revenue miss, guidance not dazzling stock is essentially kind of reversing to where it traded a week ago had a run as the market has bounced here it is a struggle sort of looks quite cheap. based on today's earnings. next year is buy the consensus not a growth year at all. >> disappointing again. >> yeah. this is one of the reasons why i sold it. they have been very inconsistent and lowering guidance. at least at ibm they didn't lower guidance and lowering guidance, probably has to do with the

problems at snapchat spills over plus the chairman of boston beer joins us to discuss slowing growth josh lipton with the latest on intel's plunge julia with with a stock. >> intel here is on track for its worst week now in a year now down nearly 30% from the april high on a weaker than expected sales report and impacted by the shortage and the ceo gave color ant the big plans there and ramping up spending on the company's manufacturing technology to bring its latest and greatest chips to market and a newfound ri business and all this costs money capital expenses as much as $28 million next year and trying to sound upbeat on cnbc this morning. >> we feel very confident in the plan or we wouldn't have laid it out. as you have known from the prior ceo role at vm ware i'm a beat raise kind of guy and laid out a plan that we think is clear, executable we'll demonstrate what we are saying to go do. >> on a tough day, how do bulls respond here a valuation is attractive he tells me here. he says in fact there are signs that they are doing so and the market is ripe he believes for a new number two found

. >> josh lipton, thank you.d to break, take a look at natural gas we're going to show you the u.s. futures contract for that. pulling back sharply right now but keep in mind we're still up 130% just for this year. and just for the u.s the crisis we're seeing play out in europe and asia in europe, specifically, we're seeing that ingas prices pulling back after jumping earlier those prices are up seven fold this year. russia is saying it's goring to help boost supplies to europe. it all speaks to the inflation debate and supply chain bottle necks across the globe we're back in two. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ >>> well, if you walked in this morning and saw futures way down, that was definitely ratified at the open when the dow was down 400 plus and we went below 4300 on the s&p but you have that ingas prices in the uk and europe come off the boil as russia said they were standing by to help stabilize the market and we were looking for 425. maybe that means good things for the jobs number. and goldman and morgan sticking with

josh lipton is at the nasdaq market site with the biggest movers. >> let's dig in starting with amazonch is certainly one to watch. 15% off the july high. the only faang member negative in the month alpha fete up 50% this year and 10% off the high the smh, the etf that tracks the chips, down about 8% in the past week every member 0 of that etf in the red of today's trade nvidia down about 15% in the past month up about 50% in 2021 work from home names also rough. both peloton and zoom down more than 30% in the past three months and more than 50% from the respective highs analysts say tech is facing multiple challenges here touch comps and elevated valuations among them. back to you all. >> josh, thank you so much for that. >>> down 2.4% on the nasdaq. s&p down 1.5%. dow down over 1%. >>> the increasingly uncertain market and where she is looking to put money to work here's a check on bonds. treasuries muted today compared to big moves for equities. 10-year round about 1.48 or so yields have ticked up a little bit but not too significantly. certainly not the moves last week we'll be rig

josh lipton joins us now with more >> becky, all eyes on the iphone that is still, of course, apple'sr i was talking to gene munster at luke ventures. his iphone revenue bogey 42 billion that's ahead of the street some questions investors are focussing on, who's buying the new iphone 13 models is it existing apple fans or android switchers making the leap? when they do buy are fans skewing towards the higher end of that iphone portfolio another question, the ongoing chip shortage how did that impact supply this quarter also how do apple executives think it could impact iphone supply ahead in the december quarter. analysts don't think they'll get formal guidance on the call but they're looking for the commentary that tim cook and luca have been providing to the street >> what are you hearing, there's been so much sort of noise out there about the supply chain issues, whether it's going to be impact apple, keep up with demand, what are you hearing from all the people you talk to? >> listen, the company's already warned a couple times they are impacted by the chip shortage. warned again