Apple & Amazon earnings, Fed, mortgage rates: What to Watch

Market Domination Overtime host Josh Lipton previews several of the biggest stories to come tomorrow, Thursday, October 30, including earnings results from Big Tech names Apple (AAPL) and Amazon (AMZN), commentary from the Federal Reserve's Michelle Bowman, and the latest mortgage rates reading.

To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime.

Video Transcript

00:03 Speaker A

Time now for what to watch Thursday, October 30th. going to start off on the earnings front. No slowdown this season.

00:09 Speaker A

Two more magnificent seven names reporting on Thursday with Apple and Amazon.

00:17 Speaker A

Apple's going to be reporting fourth quarter earnings since after the market's close.

00:22 Speaker A

iPhone sales are in focus for Apple's report with China showing signs of strong sales but weaker numbers in the US.

00:33 Speaker A

Investors will also be looking at guidance. analysts are anticipating Apple to face higher costs because of tariffs, about 1.3 billion this quarter and up to two billion next quarter.

00:46 Speaker A

We'll be getting some Fed commentary on Thursday from Fed Vice Chair for supervision Michelle Bowman.

00:52 Speaker A

This is coming after the Fed cut interest rates at October's FOMC meeting on Wednesday.

00:58 Speaker A

Fed Chair Jerome Powell saying in his post decision press conference that there are strongly differing views about how to proceed and that another cut in December is far from a foregone conclusion.

01:10 Speaker A

And moving over to housing, weekly interest rates from Freddie Mac coming out on Thursday.

01:15 Speaker A

The current rate on the 30-year fixed is fixed at 6.19%.

01:18 Speaker A

Mortgage rates have dropped for three consecutive weeks leading up to Thursday's release.

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