Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning, today is Friday, May 5th, and I'm your host Julie Morgan.

The jobs report is due out today. The report is expected to show

jobs growth easing in April. Apple raises its dividend by more than 4%. The company

also unveiled a $90 billion buyback. Duckhorn is looking

to grow. The Wine Company is spending $55 million to expand production.

Our top story.

Apple shares are up more than 2% pre-market

after the Tech Giant reported second quarter results that topped expectations

and unveiled a new 90 billion dollar share buyback program.

For the period ending April 1st, Apple earned $1.52 per share on 94.84 billion dollars billion in revenue due in part to strength from the iPhone

which rose 1.5% year-over-year to $51.33 billion. A consensus of analysts expected Apple to earn $1.43 per share and 92.84

billion in revenue. Mac and iPad struggled. These two segments accounted for 7.17 billion

dollars and 6.67 billion dollars down 31% and 13% year over year respectively.

In addition to the $90 billion buyback,

Apple raised its quarterly dividend by 4.3% to 24 cents per share,

up from 23 cents. The next payout to shareholders will come on

May 18th. There's an article on Seeking Alpha that I'd like to tell you about. It's an

editor's pick. The article is by Bill Morer and it's entitled Apple Q2, another solid beat.

In the article he rates the stock a hold and says with results like this Apple remains a great long-term hold.

He goes on to say that he continues to caution investors that we could see some choppy

times in the coming quarters if the U.S. does find its way into recession territory and

...