CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, CNBC’s Josh Lipton breaks down the reasons why gun sales have been surging across the United States ahead of the presidential election between President Donald Trump and Democratic nominee Joe Biden. CNBC.com’s After Hours team also sits down with Stefanie Miller of FiscalNote Markets and CNBC’s Bob Pisani to discuss the different political scenarios facing Wall Street and Main Street.
Here’s what else you missed today:
Apple falls as strong iPad and Mac sales fail to make up for iPhone decline
Apple reported fourth-quarter earnings on Thursday that slightly exceeded Wall Street expectations, but the company did not offer investors any guidance for the quarter ending in December. iPhone sales were down more than 20% year-over-year.
The lack of fiscal first-quarter 2021 guidance from Apple means that investors and analysts don’t get a hint at how Apple is projecting the sales performance of the iPhone 12, which went on sale in October.
Apple stock dropped over 4% in extended trading.
Biden and Trump make their final appeals to crucial voters in Florida
WASHINGTON — In dueling campaign rallies on Thursday, President Donald Trump and Democratic nominee Joe Biden did their best to energize and mobilize supporters to vote in key areas of must-win Florida.
Biden started the day with a socially distanced drive-rally in Coconut Creek, outside Ft. Lauderdale, and he was scheduled to hold a rally later in the day in Tampa.
Trump, meanwhile, began his trip to the Sunshine State in Tampa, with a packed rally for thousands of largely unmasked supporters that looked, for all intents and purposes, like a pre-coronavirus pandemic rally.
Netflix raises prices on standard and premium plans
Netflix on Thursday raised the prices of its standard and premium plans to $13.99 and $17.99 per month, respectively. Prior to Thursday, those plans were priced at $12.99 and $15.99, respectively.
Current Netflix customers will see the updated prices on their bill over the next two months, Netflix told CNBC. Customers will get a warning 30 days prior to the change.
The entry-level basic plan remains at $8.99 per month, the same price that was introduced last year. It’s the first increase since Netflix boosted the cost of its service in January 2019. Prior to then, the basic, standard and premium plans were available for $8, $11 and $14, respectively.
