Apple’s Growth Drivers, Facebook’s Free Speech Fight & Trade Talk Confusion
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 31 October 2019
⏱️ 44 minutes
🧾️ Download transcript
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| 0:00.0 | Market Moving Insight and Analysis joined Jim Kramer, David Faber, and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street. |
| 0:12.0 | Congratulations to the Washington Nationals on their first ever World Series title, winning four games on the road. Good Thursday morning. |
| 0:21.2 | Welcome to Squawk on the Street. I'm Carl Kintaneda with Jim Kramer, David Faber at the New York Stock Exchange. |
| 0:25.8 | Futures down about 40 here, some cautious headlines on trade from the Chinese, but we're up from |
| 0:30.6 | early morning levels. Plenty to get to, whether it's Apple, Facebook, Starbucks, Lyft, Altry, and |
| 0:35.4 | more. Europe's a bit weak, 10-year 173 is personal income and spending |
| 0:39.2 | roughly in line. |
| 0:40.5 | Our roadmap begins with Apple, set for a rally at the open, |
| 0:43.4 | nearing an all-time high, expanding |
| 0:45.3 | iPad and AirPods demand, |
| 0:47.7 | services growth offsetting that drop an iPhone. |
| 0:50.1 | Plus social media spat, Twitter banning |
| 0:52.2 | political ads, Facebook defending its decision not to, saying, quote, it's not all about money. |
| 0:58.0 | Facebook shares, by the way, rallying on those very strong earnings. |
| 1:01.6 | And trade headwinds for stocks. Market's set for a mixed open after a report about China's long-term doubts about a trade deal with this White House. |
| 1:10.5 | We'll begin with Apple, though, higher on better-than-expected quarterly earnings and revenue, despite |
| 1:14.4 | that drop in iPhone sales. |
| 1:16.1 | Results got a boost from stronger demand for iPads and AirPods, as well as growth and services. |
| 1:21.7 | Company issuing some upbeat holiday quarter guidance. |
| 1:24.6 | Jim and Josh Lipton talked to Tim Cook about better sentiment in China as well. |
| 1:29.9 | I was surprised at that when I was talking with Tim, of course, with Josh and with Luca |
| 1:34.2 | Ministry. The whole tone of the discussion was that things are pretty much on track, more |
... |
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