United Kingdom  

Weak ahead on Wall Street

Video Credit: Reuters Studio - Duration: 01:10s - Published
Weak ahead on Wall Street

Weak ahead on Wall Street

A pair of tech titans, Apple and Microsoft, report earnings, and Fed policy makers meet to discuss interest rates in the week ahead.

Fred Katayama reports.

Earnings from tech and industrial giants and a Fed policy makers meeting take center stage next week on Wall Street.

On Tuesday, investors get results from Apple.

The iPhone maker is expected to report an increase in quarterly profit and revenue.

Powering those results: higher sales of new iPhone models.

Wall Street also wants to know how much traction its new streaming service, Apple TV+, is getting as it takes on Netflix, AMAZON PRIME VIDEO AND A SLEW OF OTHER NEW STREAMING VIDEO PLATFORMS. Wednesday is a big day.

Class="kln">TESLA, BOEING AND Microsoft report.

Look for higher revenue and profit from the software giant.

Its former Seattle neighbor, Boeing, is likely to have recorded billions of dollars in charges now that the grounding of the 737 MAX is expected to stretch until mid-year.

Tesla's stock has been on a tear.

The electric car maker, whose valuation topped the $100 billion mark this week, is expected to report a drop in profit and revenue.

Also Wednesday, don't expect a surprise from the Fed on interest rates.

Policy makers are expected to announce that they'll keep interest rates on hold.




You Might Like


💡 One News Page Knowledge: Other News Mentions

Wall Street Wall Street Street in Manhattan, New York

Wall Street Confident Stocks Are On Course [Video]

Wall Street Confident Stocks Are On Course

Business Insider reports that US stocks are on course to close lower for a third consecutive week. The S&P 500 has lost nearly 9% since early September's record high. That decline was mainly driven by losses in the technology sector. But Goldman Sachs, Wells Fargo and Deutsche Bank are upbeat the US stock market sell-off is mostly over. Goldman Sachs kept its end-of year S&P 500 target to 3,600 by year end.

Credit: Wochit News    Duration: 00:27Published
Wall St. rocked by historically high jobless claims [Video]

Wall St. rocked by historically high jobless claims

The Dow ended lower for the first time in five sessions amid a broad-based sell across Wall Street after data showed high levels of weekly jobless claims. Conway G. Gittens has more.

Credit: Reuters Studio    Duration: 02:02Published
Why The S&P 500 Could Drop 20% [Video]

Why The S&P 500 Could Drop 20%

S&P 500 could fall by as much as 20% in the coming weeks, Tim Hayes, senior strategist at Ned Davis Research, told Business Insider. "I would expect a decline of 15-20% and then we get a rally that maybe leaves us back where we are around now." Last week all three major Wall Street indices fell due to a sell-off in big US tech stocks. Hayes said the valuations are very optimistic. But he expects stocks to pick up after November once the US election is over.

Credit: Wochit News    Duration: 00:29Published
Wall Street ends lower as tech stocks slide [Video]

Wall Street ends lower as tech stocks slide

U.S. stocks closed lower after a choppy trading session Thursday as heavyweight tech-related stocks resumed their decline following a sharp rebound the previous session, while elevated jobless claims reminded investors of a still-difficult recovery ahead. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:24Published
Wall Street rebounds to snap three-day skid [Video]

Wall Street rebounds to snap three-day skid

Wall Street's main indexes ended higher Wednesday to snap a three-session losing streak as investors jumped back in to take advantage of the pullback in technology-related stocks, a day after the Nasdaq confirmed correction territory. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:25Published

Federal Reserve Federal Reserve Central banking system of the United States

Are The Feds Goals Realistics? [Video]

Are The Feds Goals Realistics?

The Federal Reserve is targeting above 2% inflation. Scott Minerd, Guggenheim global CIO told Bloomberg on Wednesday it is "virtually impossible" for the Fed to achieve that without creating a bubble in asset prices. "The reality is that the inefficiencies that are building up in the system." Minerd said misinformation and mistaken investments will pose a challenge to investors.

Credit: Wochit News    Duration: 00:31Published
Dow Drops 320 Points [Video]

Dow Drops 320 Points

On Thursday, US stocks fell 320 points. The drop comes even as weekly jobless-claims data came in better than expected. Business Insider reports that weekly jobless claims fell by more than 30,000 from the previous week, to 860,000. Tech stocks led the decline. Investors continued to process Federal Reserve Chairman Jerome Powell's comments expressing uncertainty about the economic recovery. Powell also said the Fed didn't expect to raise interest rates until at least 2023.

Credit: Wochit News    Duration: 00:43Published
Equity indices nudge lower on weak global cues, banking stocks dip [Video]

Equity indices nudge lower on weak global cues, banking stocks dip

Equity benchmark indices traded lower during early hours on Thursday on the back of weak global cues after the US Federal Reserve indicated the interest rate could stay close to zero for years. At 10:15 am, the BSE S-P Sensex was down by 141 points or 0.36 per cent at 39,162 while the Nifty 50 lost by 39 points or 0.34 per cent at 11,565. Except for Nifty IT and pharma, all sectoral indices at the National Stock Exchange were in the negative terrain with Nifty private bank losing by 1 per cent and financial service by 0.9 per cent. Among stocks, ICICI Bank dropped by 1.3 per cent to Rs 369.85 per share while HDFC Bank lowered by 1 per cent. The other major losers were Hindalco, Tata Consultancy Services, Bajaj Auto and Tata Motors.However, HCL Technologies moved up by 2 per cent to Rs 811.20 per share and Tech Mahindra by 1.7 per cent. Dr Reddy's, Hero MotoCorp, Grasim and Asian Paints also traded with a positive bias.

Credit: ANI    Duration: 01:09Published
Why Tech Stocks Closed Mix [Video]

Why Tech Stocks Closed Mix

On Wednesday, US stocks closed mixed. Business Insider reports that sliding tech giants overshadowed the Federal Reserve's pledge to keep monetary support intact for the foreseeable future. Central bank policymakers signaled near-zero interest rates would last through 2023 to help the US economic recovery. The tech industry dragged major indexes into intraday losses, with mega-caps including Apple and Facebook leading the slump. Retail sales grew by just 0.6% in August, lower than expected.

Credit: Wochit News    Duration: 00:38Published

Apple Inc. Apple Inc. American technology company

Apple Launching Online Store In India [Video]

Apple Launching Online Store In India

Apple Launching Online Store In India

Credit: Wochit News    Duration: 00:33Published
Trump to block TikTok, WeChat downloads Sunday [Video]

Trump to block TikTok, WeChat downloads Sunday

The Trump administration will ban WeChat and video-sharing app TikTok from U.S. app stores starting Sunday night, a move that will block Americans from downloading the Chinese-owned platforms over concerns they pose a national security threat. Fred Katayama reports.

Credit: Reuters - Politics    Duration: 01:12Published
Apple to Launch New Home Fitness Service [Video]

Apple to Launch New Home Fitness Service

On Tuesday, Apple announced Fitness+, a new service focused on at-home exercise.

Credit: Cover Video STUDIO    Duration: 01:00Published

Microsoft Microsoft American technology company

What Did Microsoft Retrieve From 117 Feet Deep In The Sea? [Video]

What Did Microsoft Retrieve From 117 Feet Deep In The Sea?

This is the scene as Microsoft retrieved. The project Natick Northern Isles datacenter from the seafloor off Scotland’s Orkney Islands. The center had been lowered 117 feet deep in spring 2018. For the next two years team members tested and monitored the datacenter’s servers. When marine specialists reeled up the shipping-container-size center it was coated in algae, barnacles and sea anemones. Cleaning it revealed the familiar Microsoft logo. The retrieval launched the final phase of a years-long effort that proved the concept of underwater datacenters is feasible.

Credit: Cover Video STUDIO    Duration: 01:11Published
TikTok Reaches Deal With Oracle Instead of Microsoft [Video]

TikTok Reaches Deal With Oracle Instead of Microsoft

According to NBC News, Oracle confirmed the new deal on Monday.

Credit: Cover Video STUDIO    Duration: 01:05Published

Coronavirus: Bill Gates says rich countries must help make vaccine accessible to all

The Microsoft co-founder says rich countries should do more and addresses conspiracy theories about himself.
BBC News
ByteDance rejects Microsoft bid, paving way for Oracle partnership [Video]

ByteDance rejects Microsoft bid, paving way for Oracle partnership

Credit: FRANCE 24 English    Duration: 01:29Published

Fred Katayama journalist

LVMH may find most sales are final [Video]

LVMH may find most sales are final

France's LVMH faces an uphill battle in walking away from its $16 billion deal to buy U.S. jeweler Tiffany, with legal experts noting most mergers which end up in court are renegotiated rather than dissolved. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:26Published
ByteDance faces big hurdles over TikTok [Video]

ByteDance faces big hurdles over TikTok

China's ByteDance faces an uphill struggle to convince the White House to allow it to keep majority ownership of its popular short video app TikTok in the United States, according to former national security officials and regulatory lawyers. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:51Published
U.S. consumer spending loses steam [Video]

U.S. consumer spending loses steam

U.S. consumer spending slowed in August, with a key retail sales gauge unexpectedly declining, as extended unemployment benefits were cut for millions of Americans, offering more evidence that the economic recovery from the COVID-19 recession was faltering. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:16Published

Boeing Boeing Aerospace and defense manufacturer in the United States

US investigation faults Boeing, FAA for 737 Max crashes [Video]

US investigation faults Boeing, FAA for 737 Max crashes

Credit: FRANCE 24 English    Duration: 02:15Published
New Report Gives 'Disturbing Revelations' About Boeing 737 Max Crashes [Video]

New Report Gives 'Disturbing Revelations' About Boeing 737 Max Crashes

On Wednesday, the U.S. House Transportation and Infrastructure Committee released a 245-page report about the deadly Boeing MAX jet crashes. The two plane crashes in 2018 and 2019 weren’t a result of one single issue. They were caused by the failures of Boeing staff, Boeing management, and the Federal Aviation Administration. "A series of faulty technical assumptions by Boeing’s engineers, a lack of transparency on the part of Boeing’s management, and grossly insufficient oversight by the FAA.

Credit: Wochit News    Duration: 00:30Published
Lawmakers blame Boeing, FAA for 737 MAX failures [Video]

Lawmakers blame Boeing, FAA for 737 MAX failures

Two Boeing 737 MAX crashes that killed all 346 passengers and crew aboard were the "horrific culmination" of failures by the planemaker and the Federal Aviation Administration, a U.S. House panel concluded after an 18-month investigation. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:44Published

Boeing's 'culture of concealment' to blame for 737 crashes

The firm hid details from the regulator and pilots which led to two fatal crashes, a report finds.
BBC News

Tesla, Inc. Tesla, Inc. American automotive and energy company

How Much Wealth Did US Billionaires' Earn In The First 6-Months Of The Pandemic [Video]

How Much Wealth Did US Billionaires' Earn In The First 6-Months Of The Pandemic

The wealth of 643 of US' richest billionaires rose from $2.95 trillion to $3.8 trillion between March 18 and September 15. This marks a 29% increase over those six months. That's according to a report by the Institute for Policy Studies and Americans for Tax Fairness said. Tesla founder Elon Musk's wealth increased by 273% in the period to $92 billion. Jeff Bezos wealth increased 64.8%, from $113 billion to $182. Mark Zuckerberg's wealth increased from $54 billion to $100.

Credit: Wochit News    Duration: 00:31Published
Tesla's Stock Could Fall Another 5-10% [Video]

Tesla's Stock Could Fall Another 5-10%

Last week, Tesla lost 10% of it's market value. A strategist is forecasting further pain ahead for the stock. Ticker Tocker's Steve Kalayjian, told Business Insider: "Any more bad news on Tesla and there'll be a herd mentality [towards] massive selling." But he says he would "gobble up" Tesla's stocks if they fell as low as $200.

Credit: Wochit News    Duration: 00:24Published
Tesla plans to export China-made Model 3s -sources [Video]

Tesla plans to export China-made Model 3s -sources

Tesla is planning to export Model 3 vehicles made in China to Asian and European markets, two sources familiar with the matter told Reuters on Friday. Conway G. Gittens reports.

Credit: Reuters Studio    Duration: 01:37Published
Analyst: Tesla Overvalued [Video]

Analyst: Tesla Overvalued

On Friday, Tesla was excluded from the S&P 500 index. In a note released on Wednesday DataTrek said it was a "brave" decision. The note said that the exclusion of Tesla surprised DataTrek's cofounder Nicholas Colas. Colas speculated the S&P 500's committee think Tesla is "profoundly overvalued." Business Insider reports that Tesla has a market cap of $465 billion. Tesla "sits on shakier fundamentals," likely contributing to the committee's decision to exclude Tesla, the note said.

Credit: Wochit News    Duration: 00:39Published

Netflix Netflix American streaming service

'Cheer' Star Jerry Harris Not On Navarro Cheer Team at Time of Arrest

Navarro College says Jerry Harris' arrest should not reflect on the school or its celebrated cheer squad ... because he wasn't part of their program even before..
TMZ.com
'Julie and the Phantoms' Cast Talk Fan Reactions, Season 2 Wishlist | THR Interviews [Video]

'Julie and the Phantoms' Cast Talk Fan Reactions, Season 2 Wishlist | THR Interviews

The cast of Netflix's 'Julie and the Phantoms,' including Madison Reyes, Charlie Gillespie, Jeremy Shada, Owen Joyner, Booboo Stewart and Cheyenne Jackson, as well as director Kenny Ortega, talk about bringing their new Netflix series to life.

Credit: The Hollywood Reporter    Duration: 05:49Published

'Cheer' Coach Monica Aldama Shocked and Devastated by Jerry Harris Arrest

Jerry Harris' cheerleading coach, Monica Aldama, says her "heart is shattered into a million pieces" following Jerry's arrest for child pornography. Monica --..
TMZ.com

Netflix 'Cheer' Star Jerry Harris Arrested for Child Pornography

Jerry Harris -- one of the stars of Netflix's cheerleading docuseries "Cheer" -- has been arrested for child pornography. Jerry was arrested Thursday morning in..
TMZ.com
Sarah Paulson, Share Stone & Cynthia Nixon on New Netflix Series 'Ratched' | THR Interviews [Video]

Sarah Paulson, Share Stone & Cynthia Nixon on New Netflix Series 'Ratched' | THR Interviews

'Ratched' stars Sarah Paulson, Share Stone, Cynthia Nixon, Jon Jon Briones and Finn Wittrock spoke to The Hollywood Reporter about how their new Netflix series expands on the story of Nurse Ratched from 'One Flew Over the Cuckoo's Nest.'

Credit: The Hollywood Reporter    Duration: 04:25Published

Tweets about this


Related videos from verified sources

Virus fears, weak data spark 600-pt Dow plunge [Video]

Virus fears, weak data spark 600-pt Dow plunge

Wall Street had its biggest one-day drop since October, capping off the worst January in four years as coronavirus fears, economic jitters and disappointing earnings fueled investor anxiety. Conway G...

Credit: Rumble     Duration: 02:07Published