Chief Executive Tim Cook said a decline in sales of a mix of factors including a slowdown in China, exchange rates, a popular battery replacement program, and reduced carrier subsidies for smartphones.
Declining sales of the iPhone led to Apple's first decline in revenue since 2000. Luca Maestri, Chief Financial Officer of Apple, told analysts that the company expects some of the factors highlighted by Cook to continue. "
2. Federal Reserve Decision: The Federal Reserve will announce its first monetary policy decision on Wednesday. The central bank is expected to keep the exchange rate stable.
Financial markets were shrinking at the end of last year, partly because of fears that the Federal Reserve raised interest rates too quickly in a risk to the economy.
President Jerome Powell holds a press conference at 2 pm. ET and analysts will listen carefully to see if he repeats that the bank will be "patient" about future interest rate hikes. According to HSBC, this is not a sign of raising interest rates at least during the next two meetings.
Another thing to keep in mind is the Fed's readiness to slow down or even stop the process of unloading some of the bonds it bought to cut long-term interest rates. Some investors believe the Fed's contraction contributes to market turbulence.
Complicating the work of the bank is the fact that the economic accounts to be released this week may be delayed due to the recent suspension of the US government.
Fourth quarter of GDP is scheduled for Wednesday and a report on personal income and expenditure is expected on Thursday. But employees may not have time to complete collecting and analyzing data to hit these deadlines for publication.
Watch "CNNMoney Markets" now at 12:45. 3. Trade negotiations continue: Representatives of China and the US administration will meet in Washington on Wednesday to try to curb the trade war that began last year.
The hundreds of billions of commodities traded between the two largest economies in the world have hurt the business, shook the financial markets and contributed to fears of global slowdown.
US President Donald Trump and Chinese leader Shi Jinping negotiated a ceasefire last month and their governments are trying to negotiate a more lasting deal to end military action.
US Department of Justice revealed a series of criminal charges against Huawei earlier this week, including theft of business secrets. Huawei, who denies the accusations, has become a powerful symbol of the growing rivalry between the US and China to decide who will become the world's leading technology superpower. 4. Gospel speaks: Former author Carlos Gos says he was the victim of a conspiracy by the Nissan leaders to take him down. In an interview with the Japanese Nikey, his first ever since being arrested in Tokyo in November, the former president of Nissan and Renault said the charges against him were the result of a plot and treason. charges that include underestimating its earnings in Japanese securities documents with tens of millions of dollars over a period of eight years. He denies the allegations. and Mitsubishi Motors ( famous figures in the automotive industry, as chairman shortly after his arrest in November. He resigned as chairman and CEO of ) (19459007) (19459007) last week after the French government withdrew its support for 5. American Global Market Review: stock futures were spotted earlier on Wednesday, while stocks in Europe and Asia were trying to find direction. The S & P 500 declined by 0.2% and the Nasdaq declined by 0.8%.