With Meta Shares Plunging on Weak Earnings, What Can Wall Street Expect from Apple Today? 10/27/22

Meta shares are plunging after the company reported a second straight quarterly revenue declined and warned of another drop in the fourth quarter. GlobalData’s Cyrus Mewawalla explains what this means for Apple’s earnings today. Plus, Q3 GDP is expected to rebound despite ongoing worries of a 2023 recession in the U.S. Former Council of Economic Advisers Acting Chairman Tomas Philipson gives his thoughts on the global outlook. And, stocks are coming off a mixed session, with earnings once again serving as the main catalyst for Wall Street. Miller Tabak’s Matt Maley and CIC Wealth’s Malcolm Ethridge weigh in on the trading day ahead.