Live from the NASDAQ market site in the heart of New York City's Times Square, this is fast money.

Here's what's on tap tonight. Apple on the move after one of the company's last earnings reports under Tim Cook.

We've got all the details on the numbers and what the outgoing CEO had to say about AI, iPhones, and more.

And oil prices hitting post-war highs before pulling back, but energy stocks trading your multi-year

highs, we dig into the divergence and find out what it means for the commodities next move.

Plus, Eli Lilly soars on blockbuster demand for its weight-lossed drugs.

Caterpillar flows through estimates to new all-time highs.

And the CEO of Electronics Manufacturer Plexus joins us to talk his latest earnings report in what is next to the company after shares have served nearly 70% already this year. I'm Melissa Lee. Come to you live from Studio B at the NASDAQ. I'm the desk tonight. Karen Feiderman, Dan Nathan, Guy Adami, and Mike Wilson, CIO and chief U.S. Equity Strategist at Morgan Stanley. Mike, welcome to the show. Thank you. We start off with that closely watched report out of Apple, the company beating top and bottom line estimates thanks to growth in its services business, though iPhone sales fell a little bit short of expectations. Shares right now are down just slightly here as a conference call gets underway. Mackenzie Sagalos is in Cooperino with all the details.

Mack.

Hey Mel, so top and bottom line beat here, but the stock isn't getting a huge pop because the

biggest product line, the iPhone came in a touchlight missing estimates for the second time

in three quarters.

Now, the only significant number that came up short of expectations

was that segment in Thursday's report. The company telling me that they are chalking that

miss up to supply constraints. iPhone revenue, though, still up 22% year over year. And its

services business is a big part of why we are seeing that margin beat at 49.3%. China was also a positive, up 28%

year over year, helped by some of their iPhone models finally qualifying for that national subsidy.

But the bigger strategic question tonight is leadership and AI. This is Apple's first earnings

call since announcing that Tim Cook will step down in September

with hardware chief John Turner's taking over just as Wall Street is looking for a clearer answer

on Siri, Gemini's integration, and Apple's broader AI strategy. Mel? Mack, thanks. Mackenzie

Segalos. Not much reaction here are, of course, waiting the conference call where we will learn a lot more about what they say about the current quarter, about memory prices, all the things that are sort of been overhangs on the stock. Dan, what you make at this? Yeah, I think all that that you just mentioned is going to be something that I think was factored into the stock heading into the print right now as far as what the constraints are going to be is certain products memory and the like here so we know that pricing is going to put downward pressure on their margins

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