susan li. what do the numbers tell you? reporter: fantastic quarter, that is what number tell me. 2.58 for the quarter. the estimates were a little bit 2.04. again much higher than expected. as for revenue and sales a major beat, 59.69 billion is what apple did in the quarter. estimates calling for something close to 52.25 billion. i just got off the call of tim cook and telling me about the quarter in terms of what happened. it was pretty good. first of all another major headline that just crossed. apple is splitting their stock. four for one stock split because the price has gotten too high. they want to make sure there is more general ownership among the public. that was a major headline came through. another one because we had quotes from tim cook, bring it up in terms of services since it was also another blowout quarter there. says we grew revenue in each of the product categories. set june quarter records for mack wearables and services and grew revenue in each geographic and in the ameri

let's go to susan li for more details. susan: well, we know tik tok has become so popular that it's almost part of the everyday zeitgeist. you hear about these tik tok challenges all the time. now they are also a big player, monster player in the music industry. they decide the number one big sellers but they are also posing a national security threat according to the secretary of state mike pompeo. listen. >> we are taking this very seriously. we are certainly looking at it. we have worked on this very issue for a long time. >> would you recommend that people download that app on their phones tonight, tomorrow, any time currently? >> only if you want your private information in the hands of the chinese communist party. susan: -- response, tik tok says we have no higher priority than promoting a safe and secure app experience for our users. we have never provided user data to the chinese government, nor would we do so if asked. they also mentioned their servers are in the u.s., backups in singapore and they recently hired a

susan li live in our newsroom in new york with more on this. susan. reporter: pretty ambitious from america's biggest country. they want net zero climate impact for all devices in 10 years time, 2030. if you think about it, that is a big deal for a company that sells 200 million iphones every year. think of millions of ipads, airpods, mac computers and beats headphones they ship each and every year. they have a long plan. this is the road map to get there in a decade's time. this also includes thousands of suppliers. also part of the initiative is this accelerator fund which will invest in minority owned businesses as part of the 100 million-dollar racial equality fund. i spoke to apple, one much their top african-american executives, lisa jackson, her view combining these two very important initiatives. >> climate change and climate justice is very much about social justice. environmental issues have always unfortunately impacted poor communities, black and brown communities more than others. so we saw this as a way, could have just in this moment to

bring in susan li. susan, what more can we dig into this number? susan: well, it's the 14th straight week of declines and that's also by the way the smallest weekly total that we have seen since the middle of april. continuing claims, long-term unemployment benefits also dropping slightly to 18.1 million in the week and we have to factor in we had a lot of distortion in these numbers given the july fourth weekend and friday was mostly a holiday and that means applicants also had one less day to file. now, the seasonally adjusted data tends to be volatile around these major holidays because the timing differs slightly from year to year but the take-away is that the unemployment picture is improving. still at historically elevated levels, yes, and with 30 states pausing or pulling back on reopening, let's see how these numbers hold up. i think it can be implied that new layoffs are being offset by those hiring and also being recalled off furlough lists. ashley: indeed. we are heading in the right direction

susan li in the newsroom. first we start with edward lawrence at the white house. reporter: jackie going on right now inside the white house president donald trump hosting folks k through 12 years old professionals. higher education folks and parents and students. the president speaking right now in this moment in the news conference. talking about going back to school, how important that is not just for parents but also kids themselves. the white house saying if schools follow the cdc guidelines then opening up will be done safely. listen to this. >> very much going to put pressure on governors and everybody else to open the schools to get them open and it is very important. it is very important for our country. it is very important for the well being of the student and the parents. reporter: the head of cdc came out actually said urging schools to open. no one at the white house here is pushing a one size fits all approach. health and human services secretary said some areas hit harder by the coronavirus will have to adjust but still can reopen. >> not going to b

we'll bring in susan li who has preview of earning and some of the fallout from yesterday. san: there were no punches landed. it didn't further the case for antitrustor breaking up the companies but one headline that did come through from jeff bezos from amazon who couldn't definitely say they were stealing third party data. listen. >> what i can tell you is we have a policy against using seller specific data to aid our private label business but i can't guarranty you that that policy has never been violated. reporter: that is a practice that amazon has denied for years. it's a conflict of interest since amazon runs the marketplace, also a competitor and they make their own private label goods, selling third party data to people that make those products is a no-no. the main event will be later tonight with earnings rolling through. america's biggest company apple will probably be the most important headliner. the biggest metric is iphone sales. probably lower and less this year because of coronavirus than last year. they had a cheaper iphone for sale in india and china. mayb

susan li. thank you very much. >> thank you.nts across the country starting to reopen but safety of course remains the number one concern for managers and the customers but white castle they think they found the fix in the form of a robot. lauren simonetti joins us with details. lauren? lauren: they are not the only ones. but are they taking over? you remember flippy, 30,000-dollar machine used by white castle and other burger joints. most important, flippy does not get sick. but he is gem free. have you met sally? she is 35,000-dollar salad making machines used by hospitals and grocery stores to resurrect the salad bar. robotics said the demand quadrupled. that raises an age-old question, will robots replace workers? >> based on the growth we've seen. the desire for safe food, i think robotics will continue to grow. we're seeing again, tremendous uptick in demand. i don't expect that to slow down reporter: brookings institution finds 36 million jobs at high-risk of automation in the u.s. with the largest concentration being in

susan li is in the fox business newsroom with more on the big week for some of the biggest names in silicon valley and it was a big week. susan: yeah. the take-away is that the bigs keep on getting bigger and winners in coronavirus and ironically, these big numbers coming out just a day after the capitol hill hearings which argued they were already too big and had too much control over our lives. as you mentioned, apple looking at session highs here, now officially the biggest company on planet earth, taking over from saudi aramco. worth around $1.7 trillion and change, adding roughly $100 billion in its market cap, think of adding citigroup or starbucks to its already lofty levels. record june quarter, iphone sales growing once again which is good, and that's thanks to a cheaper iphone se that was launched in those three months and the big announcement with apple splitting its stock four for one. fifth time in its history, first time in six years since the 2014 seven for one stock split. i asked why they are doing this now. they said look, we wanted to make it cheaper so more people can ow

susan li, do we know what's going on? n coronavirus so we just had arizona reporting another 3520 cases of covid this wednesday and that adds to the total of a record high that they saw tuesday as well. they're saying intensive care unit beds in use by all patients at a record now of 91%. they are all taken up right now. also, we just got the latest headline from mayor deblasio in new york. this has to do with schools, not only -- not really fully opening, only opening for three days and then you are home schooled for two days. i think that's having an impact as well on the markets and market sentiment as to when these states and the country and the economy opens up fully once again. ashley: yeah. these headlines can certainly play with investors' psyche. thank you very much. >>> a live look if we can at the white house. we are awaiting a news conference with vice president pence and the coronavirus task force. he is expected to speak about education so of course, we are monitoring that for you. we will bring you the headl

let's bring in susan li. susan, they are closing more stores, right, because of the virus. susan: 30 more stores closing today, and half will be in california. the other half will be in georgia, louisiana, nevada, oklahoma, idaho, alabama. yesterday, apple also closing another 16 stores in texas, florida, mississippi and utah. that brings the number of total reclosed stores to 77 across the country and apple operates around 271 across the u.s. only recently reopening them. most of them still only dropoff and pickup service. companies are in a tough spot, like apple, trying to reopen in order to get business back up and running, to recoup some of their profits but then having to reshut for safety concerns with another record spike in some cases, in some states, right? ashley: right. that's the number of stores closed certainly going up. i want to talk about mcdonald's quickly putting off plans to reopen their dining rooms. susan: yes. golden arches, mcdonald's says they will wait three weeks before any u.s. restaurants add dine-in service to drive-through, takeout and delive

question is for susan li. do you still own microsoft?ittle. >> i love it. so yes, i still own microsoft, i bought it when it was 133 during the depths of march so yes i've enjoyed it right up to 216 and its record highs and wedbush says it could go higher to 260 so not too late to get in. ashley: there you go, very good. all right whose next, you? >> well i think i believe 90% plus decisions made are traced back to how much can i make doing this , question mark, money. yes you very rarely talk about this why aren't you a finance show? ashley: do you know what, brian, i think we do, because stu, let's face it, has been growing over bailing out of microsoft to that point early and also crying about boeing if maybe he's not boasting about how much money he makes but he certainly is not very happy about the money he's losing, so i feel like we get into that. but anyway, we take your point. let's move on. this one from christina older, a student of the university of south carolina. thanks for watching christina. she says the guests don't alwa

let's go to susan li to talk about all of this. what did you think of the hearings, susan? susan: we heard a lot of topics being covered, consumer buys, jeff bezos, working with military, china, counterfeit goods, hate speech, you name it. what is making rounds on social media is the one exchange with jeff bezos and congressman. >> jayapal and third party sellers to make amazon's own goods. >> i can't guarranty you that policy has never been violated. i'm familiar with the "wall street journal" article you're talking about. we continue to look into that carefully. i'm not yet satisfied we've gotten to the bottom of it. susan: that is causing a lot of headlines right now. amazon operate as marketplace you should not use data you're getting from the third party sellers. we're looking at the counter who is getting the most heat and "new york times" says sundar pichai has gotten 33 questions. jeff bezos getting 22 to 25. same thing as mark zuckerberg of the one getting the least amount of heat is tim cook of apple. only getting 12 questions so far but some other notable exchang

susan li is following the story very closely. susan what do we know?usan: we know there was an attack, a report, suggesting it might be an inside job. as you put up on the screen, it was stunning with the likes of , companies like apple and uber. you saw their accounts were hacked. probably one of the biggest security breaches in social media history. all the posted a message that led back to a bitcoin scam that may have netted hackers $100,000 at the end of it. twitter said it was coordinated engineering attack to targeted employees and our internal systems and tools. that means employees were tricked into giving up their passwords and access to the internal system, then the accounts. jack dorsey, twitter founder tweeting apology, writing it was a tough day for us at twitter and we all feel terrible that this happened. this raised questions about security and privacy on social media, especially as we head into the november elections. and how do you protect everyone's privacy and security online? you're probably wondering why hackers couldn't get into

susan li on the latest controversy and where this is all going. susan?been growing in popularity, that is ever creeping into the everyday zeitgeist when you hear about these tik tok challenges, also tik tok now a serious player when it comes to the music industry, deciding which songs are big sellers but also posing as a national security threat, according to secretary of state mike pompeo. listen. >> we are taking this very seriously. we are certainly looking at it. we have worked on this very issue for a long time. >> would you recommend that people download that app on their phones tonight, tomorrow, any time currently? >> only if you want your private information in the hands of the chinese communist party. susan: in response, tik tok says we have no higher priority than promoting a safe and secure app experience for our users. we have never provided user data to the chinese government, nor would we do so if asked. they also point out their service is based in the u.s. and backups are in singapore and they recently hired away disney's streaming boss

susan li is here with more.orter: they will net zero climate impact for all their device by the year 2030. if you think about it, that is pretty ambitious. they sell 200 million iphones each and every year. they sell millions of ipads, airpods, macs, you name it. throw in beats headphones. they have a long plans to get there. that includes thousands of suppliers. part of this initiative as you mentioned is the accelerator fund, that is investing in minority owned businesses as part of 100 million racial equality fund. i spoke to lisa jackson, on combining the two initiatives. >> climate change and climate just sis is very much about social justice. environmental issues always unfortunately impacted poor communities, black and brown communities more than others. so we saw this as a way to sort of just in this moment to say, what if we also look to bring that apple business know how. reporter: we know apple pledged $100 million in the racial equality fund. also pledging to increase the use of black owned suppliers

susan li on all of that. president, we could have done this and handled this a lot better. always in the eyes of the beholder. sean o'hara is with us, pacer etf president right now. we also have nancy davis with us, quadratic capital management founder and cio. nancy, i will begin with you. the tech stock story today, minus what's going on with google for different reasons, is still a strong earnings report for it and the others, but having said that, is this real, what's going on? when i hear brokerage firms tripping over themselves to say in the case of amazon, i forget the one that said this could easily be a $4,000 stock and raising it accordingly, is it getting ahead of itself? whatever the strong fundamentals for each and all of these companies, is it getting ahead of itself? >> it's a great question. i think people should be cautious, especially with some of the momentum that's building in the tech space as well as other asset classes like gold or other sort of trendy things. i think investors really h

come on in, susan li. susan, they have received a nice amount of cash from the pentagon as well. susan: close to half a billion dollars. close to what patrick mahomes is getting from the kansas city chiefs. that's to supply, though, what regeneron is doing, supplying the u.s. department of defense with its antibody cocktail in order to treat covid. this is part of operation warp speed so that money will help produce and supply the federal government with its coronavirus treatment. the therapy is still in phase 3 trials, evaluating whether or not it actually can prevent anybody who has been exposed through close contact from actually getting infected with coronavirus. the fda has created the emergency use so far of this antibody cocktail but regeneron's stock, speaking of soaring, up 67% this year and really reacting to the news that you see in a down market, helping drive the nasdaq, by the way, to record highs so far in 2020. ashley: indeed. susan, thank you very much. better bring in fox news medical contributor dr. marc siegel for all of this. doctor, this has got to put some

for more what happened, i want to bring in susan li. a fascinating story. susan: fascinating, yes.bably one of the biggest security breaches in social media history. investigations do continue today. as you mentioned the accounts posted same message to a bitcoin scan that may have netted the hackers $100,000 worth. twitter for its part said it was a coordinated social engineering attack by people who successfully targeted some of our employees with access to internal systems and tools. that means employees were tricked to giving up passwords and access to the internal system, thereby these accounts. jack dorsey twitter founder tweeting his apology, writing it was really tough day for us at twitter. we all feel terrible that it happened about raises questions and concerns about privacy and security on social media as we head into the november elections. you're probably wonder why hackers could not get into president trump's account. i was speaking to some of the security experts, there are probably heightened security around the president's account and very limited restricted access

susan li with the number. susan: blowout, 57.1 in the month of june.the 48.9 than economists looking for. what do they mean? anything over 50 means expansion. anything below 50 indicates shrinkage and retraction. this indicates we might have getting a v-shaped recovery after covid-19. non-manufacturing, much more important in these days, reporting to recovery in the u.s. ashley: wow, that is a blow out number. susan, thank you very much. our next guest says despite two consecutive months of positive economic data we're still looking at a, one of these, a w-shaped recovery. let's bring in danielle dimartino booth, former dallas fed visor. we got the latest services number, danielle. are you still making your case for a "w" recovery? >> it is mathematical we have to see these massive rebounds. i'm surprised we didn't hit the 60 mark in services. it is simply of the impulse of reopening. we have to see the massive numbers. it's a question of foal-through. we have permanent job growth rise by 2.8%. which is faster pace than any month during the great finan

bring in susan li. susan, new report says they will push the iphone 12 event, i guess the launch, back to late october. why? susan: instead of september, the last few years. production delays which have been really well-documented, is behind this. especially as we head into the 5g super cycle. these are the first iphones with 5g capability so it's a bit more complicated. we are hearing this from the japanese apple blog, and they are predicting four new 5g iphones will be available for release and sale in november, and analysts say as long as we get iphones ready to sell by the holidays it will all be fine. apple shares falling yesterday by 4%, down in the premarket session this morning and losses really accelerated after that axios report in the afternoon that multiple states are probing apple for what they call consumer protection violations. i want to caution going through this report, they only mention texas, no other states, and texas didn't respond and it didn't specify what exactly the violations w

neil: [laughter] ashley: i also want to thank susan li and david asman for joining us and for all your efforts today neil cavuto, i will do my best, i'm out. neil: all right, good i was hoping i hadn't heard my e-mail so ashley have a great weekend, my friend. ashley: thank you, you too. neil: thank you very very much we are following the corner of wall and broad way a lot of buying enthusiasm it's a split read depending on what you want to look at regarding the coronavirus itself. we've seen serious spikes in a number of states three right now that are reporting new single day highs in death counts, including california, florida and texas. now just to put into perspective , obviously, the up-tick in deaths is much lower than the up-tick certainly we've seen in cases, so that is still encouraging news as is news we got out right now,gilead sciences is saying that remdesivir showing the risk of death in severely sick patients is very very promising and now the ceo had to couch that with, you know, that fine print, but these latest findings require some confirmation, so again that's just

susan li on how the company is trying right now to change that entire i guess story line.s right now. hey, susan. susan: neil, according to several reports, facebook is considering banning political ads in the days running up to the november elections. a topic that's apparently been discussed since last year, according to the "new york times." it would be a reversal for founder mark zuckerberg's stance to not be the arbiter of truth or censor political campaigns and he's already said political ads help the smaller, less visible candidates to grow their voice. it has been said facebook is a platform that proliferates hate speech, violence and misinformation. more than 1 1,000 companies sai they were pausing advertising including coca-cola and starbucks and this was the result of a movement started by civil rights groups including the naacp who are unhappy with facebook's hands-off approach on certain posts and yes, that does include president trump. facebook's own internal audit that was released just last week concluded the company has not done enough to protect users from

stuart: would you go on that flight, susan li? d branson goes on the flight comes back safely and few other billionaires, sure i will think about it. stuart: that is a good answer, thank you very much indeed, susan. let's get serious. two gym owners in new jersey are arrested despite lockdown orders by the governor. they were on the show a few weeks ago. watch this. what do you think the response is going to be? likely to be arrested maybe? >> that is certainly a possibility. but we consulted with our legal team early this morning. they have been reviewing the orders posted. they told us to go ahead and open. we'll deal with the consequences at that point. stuart: well, they're going to have to deal with the consequences right now. you can guarranty that brian kilmeade is fired up about this. he is on the show in a moment. >>> gold up again, but my next guest just got out of gold for the first time, first time in years he has been out of it completely. i will ask him why he has done that. >>> and look at this, a big backlash after

susan li, come on in. i guess this is all about everyone buy basically everything online, right? n: package deliveries, that's right, soaring in the year's first three months because we saw a surge in personal protection equipment demand and that also boosted international shipping and ground activity, that last mile delivery rising over 72%. but don't forget, despite the better than expected numbers, profit is still down 50% from a year ago and fed ex also warned that air cargo capacity will take at least 18 months to return to pre-covid levels. fed ex didn't provide any guidance for the business the rest of this year but we do have a bullish call from jpmorgan calling the stock a buy because of these blowout earnings and they expect fed ex to be able to raise prices because of the surging delivery demand. that also bodes well for ups. definitely a lockdown winner and definitely bullish for the stock market today. ashley: packages galore. all right, thank you very much. quick check on united airlines. lauren, they are putting more flights back on their schedule. that's an encoura

susan: you want to know 5g, you will use that obviously because you know how to. stuart: sarcasm is a low for of wit, lian't help it. i'm sorry. stuart: how about this, nasa mars perseverence rover. it launched this morning. look at it go. it is expected to reach mars by february much next year. the goal of this mission is to find signs of alien life and clues that could help us understand the impact of climate change on mars. that is a new thing. perseverance is equipped with nuclear power source that will sustain it for 88 years. i call that an american technology success story. got it? >>> president trump tells the suburbs we will not mandate low income housing in your neighborhoods. listen to this. >> there will be no more low-income housing forced into the suburbs. i abandoned and took away and just rescinded the rule. it has been going on for years. i've seen conflict for years. it has been hell. stuart: it has been hell. get more on that from housing and urban development secretary ben carson. he is coming up shortly. then we have the cancel culture mob, that tried to bring down a new york pizza

lies. i've heard no energy around susan collins race which also tells me even the hard conservatives here aren't seeing this as a crucial senate race when of course we know it very much is a crucial senate race. and the balance of the senate could wind up hanging on maine as well as several other states where they're an important senate race. >> what's fascinating about this that is this is the hard lesson so many republicans have learned. which whatever trump has been able to pull off in spite the odds it's communicable. trump people are trump people. it's not just because he on the ballot there's going to be that same feeling about her. >> and in fact some of the push back she's gotten and she's very eager a to advertise this comes from those trump supporters because he does make those noises about being concerned and worried and sometimes centurs him even while voting with him consistently what she gets from her most dependent voters and followers his base she gets called a rhino, a republican in name only and she's not sufficiently loyal. so she's created a situation where there's no path fo

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susan brings up the money. in fact, the biden campaign outraised the trump campaign in the second quarter by 16 million bucks. do you think the truth liese money here? is this the evidence to back up what we're seeing in the polls? if so, how worried should the president be? >> i got to say, seeing those numbers on the screen, though, specially during a time of such economic uncertainty for millions of americans, 250 million plus a quarter for both campaigns. it's quite remarkable. look, i think that's where trump world to answer your question directly, the president still has higher approval rating on handling the economy than joe biden. so that right there is the first point that when i talk to republicans, they're optimistic about. but the second point is that to susan's point about the psychology of the american voter heading into november 3rd, if voters think that joe biden is a shoe-in, will they show up for him? and that's something that when i talk to the democrats, when i speak with staffers on joe biden's campaign, they say turnout, turnout, turnout. >> of course. >> and that's what it's going to come down to. >> absolutely. n

susan smith, to name just a few. if you don't know, look them up. that's the culture i'd like to can sell. stop the lies.and while we're at it, let's cancel the micro-aggressions too. here are a few that have been tossed my way. "you don't sound urban." "do you live in this building?" "the ultra sheen auditions are down the hall." now my white friends are finally seeing it for themselves, on video, and they're starting to understand that they can never understand what it's like to be on the receiving end of this insanity. black people have lived with this for 400 years, so it's white people's turn to deal with themselves. time for the karens, beckys and even the kens to stop whining, take a beat, and try listening. it'll be messy and awkward, but if they're willing, they might just learn something. and that's worth it, for all of us. wouldn't it be nice if there was a place that kept you... vibrant outdoorsy mischevious restored zen sparkly cheeky... ( clears throat) disciplined dapper prepped smart hopeful brave and safe? well, there is, and always has been. walgreens. everyone's place, for healthy and