Brian Stewart

And then just turning to Apple, Apple was also down slightly after its earnings report.

It was a,

Blockbuster quarter in terms of its sales.

iPhone revenue topped $85 billion.

Services revenue topped $30 billion.

Those are both quarterly revenue records for those segments of the company.

I think the problem with Apple is that people don't see the same kind of investment they're seeing at places like Apple.

Microsoft and Meta.

Apple's being much quieter about the progress it's making on the AI front.

It's sort of just going about its business, selling iPhones, and having kind of bubbling in the background the idea that it's going to have these other technological jumps in the future.

So I think the market is just sort of, again, in a wait-and-see attitude with Apple, thinking at some point we're going to see what they have behind the curtain.

Yeah, just a couple of stories that might have flown a little under the radar, given the high-profile earnings reports.

We had UnitedHealth drop sharply.

It had earnings, and that included negative guidance.

It projected a revenue decline in 2026, which is the first time in decades the company has seen a revenue decline.

The real driver for

The stock dropped about 20% after its earnings report.

The Centers for Medicare and Medicaid Services proposed a very tiny fractional increase in the payment rates for 2027.

So this impacted UnitedHealth, which has a huge managed care program.

portion of its business.