Apple came out with higher results than expected

Apple beat earnings expectations on better than expected sales of the Iphone 7.

CEO Tim Cook says customer response has been great.

Next quarter is the holiday quarter, which is Apple’s biggest quarter, and it will be the first full period of Iphone 7 sales.

Apple predicts a big bounce as rival Samsung struggles.

Home prices in the US keep rising.

The S and P Case Shiller home price index says nationwide, they were up more than 5 percent compared to a year ago.

Low mortgage rates and fewer properties for sale keep the housing market strong.

Stocks closed lower on Wall Street after several companies issued disappointing results and forecasts.

Athletic apparel maker under armour especially was hit hard as analysts worry that its growth is slowing.

The DOW lost 54 points.

Target will offer more deal-driven promotions and extend its free shipping window to January this holiday season.

The retailer will have deals this year under its program ‘ten days of deals’ which will include category-wide promotions, like ‘spend $50 on apparel and save $10.’

Target will also extend its free shipping offer until January 1 this year from December 25 last year and drop shipping fees for all online orders for a third year in a row.

Home-shopping giant QVC is making a play to grab a bigger share of the booming beauty business.

It is launching a separate TV network dedicated solely to cosmetics, fragrances and skincare.

The channel, to be called Beauty IQ, is set to arrive in 40 million US Homes in November on providers such as DirecTV and Dish.

For more business headlines from Jane King at the Nasdaq, watch Daybreak Monday through Friday.

Categories: Daybreak, Morning Business Report

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