paypal, the stocks coming out high. abigail doolittle is tracking this. is the digital cap i have used reluctantly. i am slow to it adapts to new technology. it was pretty easy to use and lots of americans are using it. some say paypal will begin enmo.izing than m -- v 64% of these users at say it is their preferred payment method, saying there is room for expansion and those who do use it like it. expand says they might to millions of other proprietors so that could be very big. joe: when you use it, the you include a funny memo? [laughter] abigail: i included nothing and at the last moment i realized it could be made public. i do not have it public and i don't have a picture. i am pretty boring. joe: it is a social network. it makes payments fund. julia: i like the idea of making payments fun. expended --y expanded their mastercard relationship today to different countries. this benefits mastercard to give it an option offered by paypal. paypal receives financial incentives that we're not sure of the amounts but it is a mutually beneficial relationship for both companies. paypal

chief content officer. next, the record highs for the s&p, dow, and nasdaq. abigail doolittle will talk with justin for -- to break it down. this is bloomberg. ♪ ♪ mark: i am mark crumpton, tied for first word news. jeff sessions is defending the trump administration's travel in as a important tool fighting terrorism. he talked before the senate judiciary committee. >> the executive order is an important step to ensuring that we know who is coming into our country. it is necessary that we are proud to depend. -- defend. mark: he said the justice department will prevail in their efforts to enforce the ban. pakistan's military has new fencing and guard posts to prevent militant attacks on both sides of the border. these have angled kabul. -- angered kabul. league isal football not changing its policy to require players to stand during the playing of the national anthem. roger goodell and others said today the league's athletes taking -- changing should stand to must stand was not discussed. >> we have about six or seven players that are involved with this protest at this point. a

with me, that is abigail, that is atlas. they have been awarded for their acts of heroism, canine heroism, don't miss this, this is good stuff. looks like atlas. we used to call those something else in england. in america they are german shepherds. part of london where all the criminals used to go. >> going to the dogs. stuart: we have to deal with taxes. looks to me [like] is not proceeding. look is here to talk about it. nigel farage will smile about it next. ♪ nah. not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjus

play a video commenting that rene to respond to every name we got this from abigail who was in puerto rico during hurricane maria she is now in new jersey take a listen to what she had to say. we collectively. to. the evening and for the twenty people i mean i guess including the local police and it got pretty dire and . you know we were going at a drinking water and again there was no one around and never never saw any u.s. federal help ever when i was there i felt like you know if i was a u.s. citizen in a foreign country i get i would that help sooner but since i was a u.s. citizen in puerto rico no one really cared about us and no one was going to give us any information on how to reach our loved ones so when a album abigail says you felt like nobody cared we've heard a lot about the slowness of delivery from the federal government have you felt in puerto rico about you've been forgotten by the mainland. oh definitely the. response by firma has been really sluggish and it shows people are talking about it they're comparing it to other hurricanes even here in puerto rico lik

she likes her gift. >> i think she likes it, too. over here we have hannah, abiga abigail, trinity and kayla, there's already five siblings. they'll find out the gender of their new baby brother or sister. >> what color water came out. >> it's a boy! >> is it a boy? >> woo! >> heads up, everybody it's a boy! wait, somebody is not amused. >> you wanted it to be a girl? >> i only have three sisters. i want another one. >> what do you think, abigail? >> awesome! >> abigail's pumped. >> what do you think, trin isn't it. >> trinity? >> i like it. >> i hate it. >> she is not having it. >> tabby, what do you think, do you want another brother? >> unh-uh. >> she's like hey, what are we doing out here again? >> you'll be happy to know the baby is due in february and she's finally on board with the fact she's having a baby brother but she still wants a sister. >> i hate it. >>> search and rescue teams in lion's bay, british columbia, canada, doing a long line rescue. man had gone missing earlier the day before. he was hiking, decided to go off trail, hike down a creek and once he got to the

don't think she's sorry but lesson learned. >>> you know how jeremy got abigail? like this. they're at disneyland. jeremy handed his camera to that disney photographer. the photographer had no idea what was about to happen and neither did abigail. because jeremy drops to one knee. >> oh, is he crying? he can't even get the words out. >> they've been together for three years, lived in another state and moved oarizona. this october they're going to exchange vows. they got ex-changed a few months ago. >> i wonder how many times a day this happens on that lot. >> right by the princess' castle. >> it would be interesting to know how many people get engaged at disneyland or california adventure, that's where we're going next for mission mary popp poppins. see that guy in the green jacket that is alan and the girl trailing behind him is chaz lee, both from ka way and never been to disneyland so their friend took him but alan has big plans. chaz is getting the camera ready and he starts break dancing right there on that wharf, paradise pier. he's got something in his pocket. >> happens to just

he never owned a slave. and his wife abigail was even more adamant on the subject. the next president who never owned a slave was john quincy adams. so it ran in the family. as a dedication to public service. he's also brilliant he was interested in everything. he spoke many languages. he was in many ways i think you have the highest iq that anybody who have been president including the greats among the founders. as chance would have it he was only a one term president and they don't get the attention that the others do. let me ask about another president you have talked about. you spoke on the fourth of july in immigration said ceremony monticello. it is held every fourth of july. thomas jefferson gave us the creed that all men are created equal that he wrote in the preamble to the declaration of independence. how do you square that with the fact that he was a slave owner. and how did you think he address that. i don't. i can't. i don't understand it. nor do i understand the fact that he destroyed every letter he ever wrote to his wife and every letter she ever wrote to him

who never owned a slave. out of principle. his wife abigail was even more out of it. the next president never owned a slave was john quincy adams. it ran in the family. is also brilliant and was interested in everything. he spoke many languages. in many ways he may have had the highest iq of the more versatile mine including the greats among the founders as chance would haven't he was only one term president and they don't get the attention the others too. >> i want to ask about another president. he spoke on the fourth of july and immigration ceremony at monticello. thomas jefferson gave us the creed that all men are created equal wrote the preamble to the declaration of independence. how the square that with the fact that he's a slave owner and how did you address that issue. >> i don't, i can't. i don't understand it. no door i understand the fact that he destroyed ever c wrote to his wife in every letter she wrote to him so we know nothing about her that even what she looks like. i can understand that. we don't understand that he kept close track of every time he ever spen

. >> he was the first president to reside in the white house. in the first night he was alone abigail had not arrived yet. and the next morning it happened to be his first night, he lewrote her a letter.in which he said, when he wrote in the letter, franklin roosevelt had carved into the wooden part of r.the mantelpiece in the eas room, the estate planning. when truman was in charge you major the quotation stayed there. when kennedy became president he had it carved into the marble. so it would stay forever. and what adams said in the literature abigail, may none but honest and wise men ever rule under this roof. [applause] >> so -- >> and i think it is very important, very important to understand and think about he put honesty first. ahead of wisdom. honesty. [applause] >> in your pulitzer prize-winning book, on john adams. which also was made into an hbo series that won a lot of awards as well. he went through about a thousand letters between john adams and abigail adams. have you ever experienced anything like that between a husband and wife before? what was it that struck you so u

abigail adams and we all know john adams's wife was the most liberal lady in america but when she was in england and went to see a fellow, she said some things had prejudice in her she didn't know was there, talked about the blackest man she had ever seen. and a fellow was touching the skin, the moment she called, and held more. hello? >> host: what would you like him to respond to? >> caller: i would like him to respond to that. i don't know -- >> jeanette, david mccullough. >> guest: i'm unaware of the incident you are talking about. i do know abigail adams, passionately convinced, dedicated abolitionists. she and her husband, her husband was the only founding father who became a president who never owned a slave and largely because she was so adamant on the subject. the next president who never owned a slave was their son john quincy adams, if she ever did say anything, and her actions as they do speak louder than words. >> host: would you agree with jeanette she was a so-called liberal? >> guest: i don't think she was a liberal, i think she was a puritan. the puritans were ada

but i couldn't get a ticket. but my question, when you are writing about abigail adams, we all know john adams wife was about the most liberal lady in america, but when she was in england and she went to see a fellow, she said some things that she felt were prejudice that she didn't know were there. she talked about how black othello was the blackest man she had ever seen. she was repulsed by the fact that othello was touching in the moment she called othello the city. >> what would you like him to respond to? >> i would like him to respond will that come i don't know if it's really a question. >> okay thank you very much jeanette. david. >> guest: first well, i'm unaware of the incident talking about. but, i do know that abigail adams was passionately convinced and dedicated abolitionists. she and her husband was the only founding father who became a president who never owned a slave. largely because she was so adamant on the subject. it was the next president to never owned a slave was her son, john quincy adams. if she ever did say anything like you're talking about, that was som

i could not get a ticket. but here is my question, when you were writing about abigail adams and of course, we all know that john adams wife was just about the most liberal lady in america. but when she was in england, and she went to see othello she said there were something that brought prejudice in her that she did not know was there. she said that othello was the blackest man she'd ever seen and was repulsed the fact that othello was touching the skin of the fair desdemona. she called othello a -- >> what would you like mr. mccullough to respond to? >> i like him to respond to that. i mean i don't know if this really a question. >> thank you very much. jeanette, david mccullough. >> percival i am unaware of this incident you're talking about. but i do know that abigail adams was passionately -- convinced and dedicated abolitionist. and she and her husband, her husband was the only founding father who became a president we never owned a slave. it was largely because she was so adamant on the subject. and it was the next president who had never owned a slave was their son, john qu

on major averages was apple, down the most in two months. joining us to explain why, abigail doolittle. this has to do with the report of apple cutting orders to some suppliers. abigail: indeed it did, emily. there was a report out in taiwan that apple had cut orders for the iphone 8 relative to its chip supplies could that sent shares of not just apple lower, but the supplies. it has to do with why u.s. major averages were sharply lower, especially earlier in the session, relative to those cuts. it sounds as though it is model-specific, because some of the reports that come out of the asian papers are not necessarily written in stone. i spoke to one analyst earlier would do he said he follow-up work to figure out whether this is true, but if it is, it is one of the production cuts that typically comes in november or december. this would be the first production cut in october since the iphone 5c. it could be a bearish signal, but it sounds like a model cut, and even the iphone 6, because the pricing relative to the iphone 8 is better. everyone is waiting for iphone x, so we c

, shares have been volatile around the report. let's bring in alligator will do little. -- abigail doolittle. abigail: shares are down and they put up an excellent third-quarter, they beat adjusted earnings in beat in a big way on domestic and international subscribers. what investors may not like is that fourth-quarter subscriber is in line. that probably reflects the price increases. they are a winner in the race for content and amazingly, over the last year if you can believe how much the stock is up, more than 100% relative to apple, facebook, and alphabet. just winning against some of the others in a massive way. it is extraordinary this large-cap company is up so much. vonnie: the idea that they will spend a lot of money, is that impacting trade? julie: that could be a piece of it -- abigail: that could be a piece of it. we see that risk in the chart. this is an extraordinary chart representing that extraordinary 100% gain. chart,look at this flatlining for a long time and around 2011 or 2012 starting to get big. and 2017, look at that parabolic. if the cycle ends were progra

continental in particular, joining us to talk about retail wins is abigail doolittle. -- the tailwinds is abigail doolittle appeared. >> united and continental up, despite the fact>> their revenue measure for the industry was down. american airlines reported that their revenue outlook is strong, price fares, they have power and investors are happy about this. a volatile year. chart. a year to date on the bottom, united and jetblue and up top, recently turning positive is american airlines and delta air lines. a bumpy ride. starting in july, a move down as we had a we'll recover but we had the hurricanes -- oil recover but we had the hurricanes. even no united and continental numbers are the lowest of the -- we are seeing a relief rally but still down on the year. vonnie: warren buffett a major shareholder, he had never like the airlines. >> a great trade, he acquired a lot of shares and the middle and the end of last year, up 50%. but there is reason to believe that berkshire hathaway is lightening up on some of these positions. this is the ownership function on the bloomberg

feeling the pressure. let's bring in abigail doolittle with the latest. abigail: we are looking at small declines for the major averages. the dow, s&p 500 are all down fractionally. it is a positive last week's gains are the s&p 500 as of last friday up for weeks in a row. the longest stretch since march. the s&p 500 is on pace for its first today decline since march -- since september 8. and about a month. be very smallay but it is certainly a bit of a reversal of a bullish activity. some of this could have to do with going into earning seasons. investors on pause ahead of what could happen. he is saying he thinks earnings biton could prove to be a of a tell when considering investors are looking for 5% year-over-year growth at that achievable. a lot of text -- tech companies have been positive. this is g #btv 620. bottom, energy. the worst sector. up top, take a look at that. technology is up 28.5%, on pace for its best year since 2009. coming out of the great recession. having its best year since all of the initial accommodations from the fed. i perform in the s&p 500 and the fi

, thank you all. shery: we are seeing markets rally. let us go to have it -- abigail doolittle. abigail: gains may be small. a set ofoking at simultaneous record highs for the three major averages. for its longest winning streak since may. investors encourage today. today.uraged homebuilding stocks are trading higher. lenar was upgraded to buy. it seems to be helping out kb home's. the straight for some of these stocks may help to explain a record we are seeing -- the strength for some of these stocks may help to explain a record we're seeing. this is a longer-term chart of the philadelphia housing sector index. this was before the housing bubble crashed. this index put in a peak, including homebuilding stocks, suppliers, financials. and then we see the crash. we have exceeded the peak from 2 005. maybe bc another -- we see an other dip or peak. let us take a look at oil trading. below $50 a barrel. reported initially crude spiked higher. inventory isl bearish. oil trading down incipit the without report. that conjuction with report. david: we have an interview with reid hoffman, his ta

released for the month of september. joining us now to talk about jim gains is abigail doolittle. that must have been a pretty decent feet for auto sales. abigail: the stock is another all-time high, q1 positive analyst commentary and today we have new autosales for the month of september up 12% versus the estimate of 7.9%. itretty decent beat and looks like some of this is on post hurricane harvey demand in the month of august. there were less car sales because of that. sales, even though august was hit by hurricane harvey, it has the largest auto sales area in the united states. we now have two months of games -- of gains with the gm. decline, we also had a pretty strong incentive with extra selling days, smallest helping out. an industry sales may have accelerated to 18.1 million vehicles on an annual basis, perhaps the best pace since september of last year. has been stuckck in neutral for some time. what's changed? abigail: when i think of this stock, i have thought about it of being stuck in neutral. this is g #btv 2332 and if we go the stock is trading between 32 and down here,

. toluse also there. let's get a check of the markets. we are seeing u.s. stocks rebounding and abigail doolittle has that. abigail: investors are in rally mode and the bulls are back. the dow jones industrial average trading at a new all-time high and on pace for record closing high. on paper the best day in about six weeks. the s&p in the nasdaq trading higher and we are seeing a little health care drag. one of the health care drag on the nasdaq and s&p 500. the dow being helped out by industrial-strength. let's take a look at 3m hitting an all-time high itself. up about 8% and on pace for its best day since 2009 after the conglomerate company did put up a beat in the quarter. they saw higher cells and all portfolios. investor liking that. stanley black & decker the shares. , they missed, but they might be getting a pass from the hurt and. their shares are higher as well. let's take a look at both lockheed martin and united technologies. these shares are lower. lockheed martin missed estimates for the third quarter and they will offer the first sales cast in 2016. 7. united technologi

and on pace for his worst day since 2011. is coming after the company reported earnings. abigail doolittle joining us with more on this. how bad was the earnings result? abigail: you would think it was bad based on the with the stock is reacting. they actually being earnings and revenue. that is a revenue measure down 4.4%. it is worse than expected. what is unexpected with the earnings conference call with management. let's take a look at this today charge of ual. the after our in premarket trading. they reported after hours. the stock was down. here is the open. the day plunge was around the time of the conference call. the management outlined their strategy for rising costs, capacity against falling fares and not able to explain it well. investors lost confidence. shares really taking a bit of a hit. in terms of those costs, here in orange are the costs. they are bumpy, but here is the yield. that is with the company makes per passenger flown. the slope of that decline is more than the cost which are expected to rise. the numbers don't add up in people are worried for 2018. da

of the hour, community health. stand out in the last 12 sessions, today down 3.7%. abigail doolittle, health care is a constant theme for the stock market this year. abigail: it has been a pretty big theme. executive order for president trump around health care, and then on friday the decision by the white house to remove the health insurance subsidies. yesterday, we did have news of a bipartisan deal to restore those insurance subsidies, but now there's confusion. earlier today, president trump did tweet to suggest that he is not going to support the deal, because it has to go through both sides of congress and then be approved by president trump. there's the tweets. i'm supportive of lamarr as a person and of the process, but i can never support bailey out insurance companies who have made a fortune with obamacare. throwing in some confusion here as to whether or not this deal will be passed. that's having an effect not just on insurance companies, but also , on hospital stocks. let's take a look at this chart in the bloomberg, g #btv 4263 that shows just little bumpy ride it's bee

sin, we are looking trading. abigail:. small declines at this point. the dow and nasdaq slightly higher. declines. the big banks are reporting earnings this week. third-quarter earnings season kicks off officially. this is a chart going back to 2014. see quarter after quarter, earnings have been revised down. back in early 2016, we had back -- that era of macro risk. investors are anticipating this earnings season may be beatable. growth targets are earning for the third quarter and could act as a tailwind. companies are likely to meet those forecasts. one stock not doing so well is ge. down 26%. its worst year since 2008. its worst day since july. three executives have left. board.s are joining the -- new members are joining the board. it appears something has to be done. maybe changes will help. julia: thank you. scarlet: it is a big week for u.s. banks. third-quarter results have been reported this week. forecasts have been revised upwards. there are signs loans may be lacking -- lagging. let us bring in bloombergs michael moore, who covers u.s. finance. ath the economy growin

halfway into the day, abigail. abigail: we are halfway into the day and seeing stocks trade in a tight range on the day. we are looking at mixed trading action. the dow and tech trading higher. the s&p 500 is down fractionally. the dow and nasdaq have put in all-time highs so the moves may be small but once again we are looking at records. this ahead of earnings season. this could reflect why we have stocks besides the columbus day holiday a bit on pause. earning season does, of course, kick off this week. investors may be wondering what's ahead. this is 6054. back in 2015 and 2016 we had a bit of an earnings recession where they dropped on a year over year basis but earnings strength has returned. the question is whether or not we could see another sequential decline and whether or not earnings could grow above 10% or less than 10% for the third quarter. we will of course know season. but that could, again, be one reason investors are not trading stocks today with a lot of conviction. let's take a look at some stocks that are moving in a bigger way. one of the biggest boost for the s&

after gaining nearly 5% yesterday. let's bring in abigail doolittle to talk about what's happening. all of this has to do with takeover talk from a strange source. strange story.a up 5% in the premarket, gaining 5% yesterday. now down. this on the bloomberg scoop that merlin entertainment in london could be interested in buying parts of seaworld. parkswn the legoland along with other parts globally. maryland and seaworld, it will paint some of the picture. top in white we have merlin entertainment up on 3% of the year. we see a rocky road. they of been losing some visitors to their mark just park in london. , the sharesin blue of seaworld down 30%, really struggling. it was thought that merlin might be interested in buying seaworld , busch gardens. they have a rule about not having whales were dolphins. -- sticking point could be seaworld is only wanting to sell the whole company, not part in that way. that is a bit of a sticking point. vonnie: sounds like they are trying to cherry pick. .ne holds up the other what happens to the other part. are exactly right. attendance for seaworld ha

homebuilder. we will get more details at the top of the hour with abigail doolittle. but new-home sales with a backdrop for this. and new home sales are pretty strong here. we have new home sales covering near their highest since 2008 as we had been seeing this build post crisis. and then a more recent dip and build as well. these two companies looking to capitalize on that. vonnie? vonnie: julie hyman, thank you for that. president trump's former campaign manager paul manafort and is one time business partner, rick gates, charged in russian meddling in the 2016 election facing money laundering and conspiracy in a 12 count indictment. chieftest is our counselor. we had the indictment, 12 counts. what do they include and what is potentially the most damming of the indictments? >> the indictment insult -- the indictment itself does not address collusion between the trump campaign and russia operatives. in that sense, it is just the indictment insult rather than the specific charges that caused the problem. vonnie: we are starting to pull on a piece of string that was pulled before m

about this from abigail doolittle. it was beat for the other cars, just not the model three. abigail: it's pretty amazing actually. the stock is all over the map and it seems to be par for the course for tesla. you have a miss and then as the trading day goes on, investors see the shares go up. not a surprise in terms of this miss. they did make 260 model three's that were an affordable card to bring the electric vehicle to the mass-market. the forecast had been for 1500. you can so come investors seem to be giving them a little bit of a pass. let's go into the bloomberg and look at the chart g #btv three total fo 3241. over the last several quarters, really tapering off around 25,000. the model s and model x are above the numbers. the model three is below, but since is the first quarter, investors looking past. elon musk known for his extraordinarily ambitious goals. that's according to arc investment management as we were talking about before this report. i think investors looking past it toward the future that these model threes will get back on track. shery: it seems to be a patt

dollar stock. -- here, stephen, thank you for taking the time. stephen: higher today. abigail: it is all about tech. we have a terrific chart that speaks to what scarlet was talking about, the idea that tech relative to the s&p 500 is having its best day in eight years, since 2009. the top panel of this chart , ins the nasdaq in white blue, we have the s&p 500. we have the spread down here greater than 2%. the biggest spread since 2009. pretty extraordinary, especially at this point in the bull market. what do you make of this? this is the last component -- stephen: you this is the last component you needed for a meltdown. we said the correction was over. talk about what i meant by that. been aot like there had correction. we thought it was a rolling correction, which is what happened. we have four drivers. one was the earnings season, two was the fed chair, three was interest -- the economy, and what throw was tax reform. we thought they would come together in the fourth quarter, and the one thing that was moveen that and another higher, which we expected, was the tech earnings. the

to toss it back to you, abigail. abigail: thank you. good stuff. president trump is due to deliver remarks were the opioid crisis shortly. another pressing issue is in focus today, tax reform. house republicans adopted a resolution to cut taxes by the end of the year. >> this budget we passed in the house today brings us one step closer to historic tax reform. taxes, biggerrer paychecks for americans. abigail: kevin cirilli joins us now from the white house. kevin, thank you for taking the time. with the budget resolution , this puts house and senate republicans on have to put together a tax reform bill next week. what measures are the sticking points that are keeping this shrouded in secrecy? kevin: house republicans passing vote.a 216-212 the house republicans that had concern about the budget, mainly over the state and local tax fore, but it against this the plan. that said, even with those 20 members opposing, should they ultimately vote against the tax plan that is scheduled remarkable november 6, that would still not be enough votes to block the tax overhaul plan by the end o

lock -- he would be looking for as well. he called essentially for a yield of 3%. abigail: love that chart. the bull market for bonds is in place. congressional leaders rewriting the tax code are using a playbook similar to the one that failed when they try to repeal obamacare. republicans are trying to ram receivebill that would the economy, keeping the details shrouded in secrecy. will he get a different result this time? sahil kapur joins us. ask for taking the time. is thistion here routing in secrecy of that timeline. what are the actual mechanics of a potential tax reform plan come from republicans -- early november for the earliest version? sahil: no earlier than november 1 for the release of the tax bill. they want to adopt the senate budget in the house and complete that. so they have the vehicle before they can release the bill. looking in early november release and the next couple of weeks, the ways and means committee, which writes the tax code in the house wants to market up and send it to the full floor and pass it by thanks giving. as the next for nearly fast time

. joining us is abigail doolittle. what is going on? >> the stock is on pace for the worst day of the year. analysts, kevin grundy, really putting his work into the numbers. $108 from $133. it is bearish. he is talking about two areas of slowness. first trends in north american beverages and second, the contracting multiples in the food business. these of the segments for pepsico. if we take a look at a graphic on pepsico, it shows 33.4% of the company's business is in north american beverages, and orange. in purple, is the frito-lay are snack business. he thinks the beverages, that segment will slow and the snack segment could start to have a contracting multiple, all in all, not good for the stock. they reported earnings on wednesday. investors may see this as a bearish tell. we had susquehanna trimmed their revenue ahead of the report. overall, a bearish reaction here with the stock down today. abigail doolittle, thank you so much for the latest on pepsico and their stock just falling at this hour. uber's board of directors is set to vote on whether to proceed with a stock deal and swee

. abigail doolittle, what do we know about these cuts? "bloomberg markets -- abigail: the report coming from the economic daily news overnight, saying that apple has cut orders relative to the iphone 8, saying sales are weak. if we hopped into the bloomberg, this is the supply chain in bloomberg on the outcome and we thea number of them, conductor, intel, cisco, some of the u.s. suppliers, such a sky work, brought camp among others from also down sharply. massive standpoint, the question is whether it is model specific or production. it is probably model-specific. you can get the iphone 6, much stronger than the iphone 8, the prizes much better for basically the same phone. the question is whether or not this will affect the december numbers. 8% year-over-year revenue growth. it could get shifted forward. what that does to the stock, we will see, if that happens. shery: is there some concern that revenues have not hit him and not be the same of early 2015? abigail: to some degree, yes, numbers for the iphone x come out so much later than normal, that could be another negative. or

quinn should let's bring in -- and i am vonnie quinn. let's bring in abigail doolittle to talk about fitbit -- gopro shares. they are upgrading to a buy from a neutral. the three main reasons he is saying is that the retail channel tracks demand good enough. that is the real reason for the upgrade. second, if we take a look at a one-month chart of all-pro, we see that the stock has been decimated recently after the google launch. they are saying that this is a buying opportunity. the google product is not actual competition. with shares down, valuation discounts -- all of this leads to the fact that the company is very profitable. next year, they are expected to be profitable. if we hopped into the bloomberg ,nd take a look at this chart we are going to see the rough story of gopro at its peak over here back in 2014. $95 stock. absolutely getting crushed. this is the earnings swell. now, the company is not so profitable, but it could turn a profit next year. if they does go up to that city one cents, then it is likely the stock to go with it. that is what is happening today with gopr

march. abigail doolittle is here to explain what is going on. abigail: you don't see that too often. what is happening here is the fact that the company offered a third-quarter forecast that is absolutely slashed, well below estimates. the first two quarters that they reported were not that good. the one of coming in december, another one that is going to be horrible. lots of problems, here. out,e sales not helping product misses, markdown calendars, plus additional discounting. management expect -- expressed a hopeful tone on the third quarter. bloomberg,d into the we have the retail malaise that we are all aware of. this is the bloomberg function showing the apparel traffic for a specialty retailer and back in 2014, 2015, that is the last time we had positive tracking forward but we have just seen declines and clearly that is not as helping -- that is not helping j jill. jeffries has maintained a buy rating, saying it is largely explainable, the company is largely nimble. there is a lack of near-term visibility and that will lead to multiple compression. shery: you said it just we

providence financial. about why to talk shares are down sharply, abigail doolittle. >> not only are shares down today, but on the year, they are down 70%, on pace for the worst year since 1981. june.tory goes back to plunge back in june when the company basically profits would drop by half. back in august, there was a report in the sunday times in london sing the shorts were circling. this massive decline behind today's drop -- barclays downgrading shares to underweight. .nalysts slashing targets they have not updated guidance, plus she doesn't like the fact that the company has lots of outstanding. it seems there could be trouble ahead for some of the debts due in 2019. mark: why is this analyst worried about the company's debt? abigail: when you look at the balance sheet, they don't have a ton of cash, 215 pounds in cash at the halfway mark of this year. we see right here that the debt due in 2019 roughly $250 million. this is more do than what they actually have on hand, profits are dropping like crazy, plus , if the priorhere obligations are not paid off, those become do as well. they

underperformance is abigail doolittle. abigail: the nasdaq's underperformance. the nasdaq is the only index lower. symantec's having its worst today since april of last year. downgraded over at cowan and today downgraded at morgan stanley. the downgrade yesterday had to do with analysts saying that investors should take profits post the equifax spike. we have keep wise downgraded shares from equally saying improved product positioning and greater upsell opportunity does not equal demand. let's take a look at all this and the chart by hopping into 3401.oomberg at g #btv we see the stock is up on the year and a very nice way. we also see that more recently it has been range bound. this area is a technical pattern and it's an island reversal. the initial investors who bought shares on the equifax breach got this incorrectly for the shares, likely to reverse back down to the lows of the range around $28 per share. the downgrade makes sense at least only take a look at the technicals. shery: what does this say about analysts talking about the cybersecurity space? how do you invest their? r