Stock Market Today With Jim Cramer: Apple Event Is Tuesday

Stocks rose Monday as investors remained hopeful of further fiscal stimulus and prepared for quarterly earnings reports from the biggest banks in the United States.

Technology shares such as Apple  (AAPL) – Get Report, which rose ahead of its expected iPhone 12 unveiling Tuesday, and Amazon  (AMZN) – Get Report, which gained ahead of the start of its Prime Day event, were the standouts.

TheStreet’s Katherine Ross discussed breaking news in the stock market on Street Lightning. Cramer spoke about his expectations from Prime Day, why stocks popular on Robinhood matter and what to expect from Apple’s iPhone event tomorrow.

Amazon Prime Day

Amazon’s shopping extravaganza starts at midnight on Oct. 13. The company says that more than a million deals will be offered in 19 countries during the event.

Cramer said he hopes Amazon will have a better product line up for Prime Day. “I normally see stuff that doesn’t interest me but stuff that they (Amazon) want to sell. I don’t find anything in these deals at midnight work. Maybe other people will have better luck.”

Robinhood Traders Move Stocks

Robinhood, the popular stock-trading app, was valued at $11.2 billion in August after it raised $200 million from investors.

The coronavirus-imposed lockdowns have benefited challenger financial-services apps like Robinhood both in revenue and transaction volume.

Cramer said Robinhood moves stocks. “They don’t seem to understand that the goal is to get the stock in as cheaply as possible. Their goal is to take as much stock in cheap or not. And when they decide to operate on something everybody is in their bind. That’s why the stock moves.”

Apple’s iPhone 12 Event

Apple  (AAPL) – Get Report will hold an online event tomorrow where the tech giant is expected to

10 things in tech you need to know today

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a group of people standing in front of a store: Fortnite parodied Apple's famous 1984 ad Epic Games


© Epic Games
Fortnite parodied Apple’s famous 1984 ad Epic Games

  1. A judge ruled Apple doesn’t have to bring Epic Games’ ‘Fortnite’ back to the iPhone App Store. Epic sued Apple in August over allegations of anticompetitive behavior.
  2. 60 employees voluntarily resigned from Coinbase over its new ‘apolitical’ policy. Tensions came to a head in a company-wide meeting when employees demanded CEO Brian Armstrong say the words “Black lives matter”. 
  3. Peloton removed QAnon hashtags from its platform as tech companies continued to grapple with the conspiracy theory movement. “Peloton was built on community, inclusivity, and being the best version of yourself,” a spokesperson said.
  4. Leaked audio revealed Google CEO Sundar Pichai saying he plans to expand ‘hub’ offices for a more flexible working future. Pichai said Google would expand the number of offices it considers “hubs” so that Googlers will have “more choice in their lives.”
  5. Strict Facebook NDAs reveal how the company bars some of its ad agencies from speaking about it – and even confirming public information. The broad language shows how Facebook wields its massive power over the ad industry.
  6. Jeff Bezos has bet on a self-driving startup run by former heads of Google, Tesla, and Uber’s AV projects. Mark Norman, a partner at Fraser McCombs Capital, said he has “deep respect” for the Aurora team.
  7. Twilio is reportedly getting ready to acquire data startup Segment for $3.2 billion. Segment was last valued at $1.5 billion in an April 2019 funding round, and counts Accel, Y Combinator, and Alphabet’s GV (formerly Google Ventures) among its investors.
  8. An Arm president said the chip design company’s clients shouldn’t worry about the $40 billion Nvidia

Today only, the Timekettle WT2 puts real-time translation in your ear for 53% off

timekettle-wt2

Timekettle

We’ve been inching ever closer to Star Trek’s Universal Translator for years. I can still remember being floored by a tech demo about 20 years ago, in which a phone conversation was translated into a different language more or less as it happened. And the iPhone’s iOS 14 update includes a translation app that works great, if you don’t mind holding the phone in front of you like a microphone. But Timekettle’s WT2 is a pair of earbuds, so you get the translation right in your ear. Today only, you can get the Timekettle WT2 for $140, which is 53% off the regular price of $300. I believe that’s the lowest price it has sold for on Amazon.

Even though I rarely travel abroad anywhere or meet people in person that would require me to navigate language barriers, I am obsessed with Timekettle’s real-time translation buds nonetheless. It’s incredibly cool to carry on a conversation with someone who doesn’t speak English and hear their intent in your own language right in your ear, as the conversation is happening. I’ve played with both the WT2 and the newer M2 earbuds, and both give me a thrill I don’t easily tire of.

Here’s how it works: After you pair the WT2 with your iPhone or Android device, each person puts on one earbud. The earbuds are essentially identical; there’s no left or right to worry about. They work in conjunction with Timekettle’s app, where you select the languages (it supports 40 languages and 93 accents) and then just start talking.

The app displays a split screen with the spoken and translated text, but you can largely ignore that — it only takes a moment to hear what your conversation partner has said in your ear. In my testing, accuracy was

Watch live today! SpaceX to launch 60 Starlink internet satellites



a plane sitting on top of a grass covered field: A SpaceX Falcon 9 rocket carrying 60 Starlink internet satellites stands atop Pad 39A of NASA's Kennedy Space Center in Cape Canaveral, Florida during a Sept. 28, 2020 launch attempt.


© Provided by Space
A SpaceX Falcon 9 rocket carrying 60 Starlink internet satellites stands atop Pad 39A of NASA’s Kennedy Space Center in Cape Canaveral, Florida during a Sept. 28, 2020 launch attempt.

SpaceX will launch 60 new Starlink internet satellites Tuesday (Oct. 6) in the company’s 13th mission dedicated to the space-based broadband megaconstellation and you can watch the launch live here. Liftoff is set for 7:29 a.m. EDT (1129 GMT)

A veteran Falcon 9 rocket will launch the mission, referred to as Starlink 12, from the historic Pad 39A of NASA’s Kennedy Space Center in Florida. SpaceX typically begins launch webcasts 10 minutes before liftoff. 

You can watch the launch directly from SpaceX here.

The Falcon 9 rocket for this mission has launched twice before. On May 30, it launched the Demo-2 astronaut mission for NASA and the South Korean military satellite ANASIS-II in July.

SpaceX is targeting Thursday, October 1 at 9:17 a.m. EDT for a Falcon 9 launch of 60 Starlink satellites from Launch Complex 39A (LC-39A) at Kennedy Space Center in Florida.

Falcon 9’s first stage previously supported launch of Crew Dragon’s first flight to the International Space Station with NASA astronauts onboard and the ANASIS-II mission. Following stage separation, SpaceX will land Falcon 9’s first stage on the “Of Course I Still Love You” droneship, which will be stationed in the Atlantic Ocean. One of Falcon 9’s fairing halves supported two previous Starlink launches.

The Starlink satellites will deploy approximately 1 hour and 1 minute after liftoff.

If you would like to receive updates on Starlink news and service availability in your area, please visit starlink.com.

Delayed: SpaceX GPS satellite launch for US Space Force

Update for 9:57 p.m. EDT, Oct. 2: The SpaceX Falcon 9 rocket carrying the GPS III SV04

First PS5 hands-on reviews emerge from Japan, and more tech news today

Your tech news digest, by way of the DGiT Daily tech newsletter, for Monday, 5 October 2020.

1. Out of Japan: First PS5 hands-on reviews

PS5

Japanese reviewers are the first in the world to get their hands on Sony’s new PlayStation 5. A bunch of outlets showed off photos and video of the console in the flesh, and had the chance to play a few games, with some early vision of load times and gaming.

  • It’s a beast. The PS5 is the biggest console ever and early photos (still with plastic film on!) from 4Gamer, uploaded in very high-resolutions. Do check out what you see, even if most people will need Google Translate!
  • The images just lack the classic banana-for-scale type arrangement to really figure out sizing and dimensions, but hopefully no one should be surprised that it’s a big unit by the time first boxes are being delivered.

As noted by The Verge, there are a few hints at bits of metal hiding in the fins and vents, with this metal bit here supposedly a latch:

PS5 weird latch

  • The latch (or is it just a bolt/screw?) may be semi-accessible to open up the hardware box to add expandable storage with an SSD.
  • Sony promised this would be possible, but it hasn’t yet been explained exactly how it’ll work, including which type of connection is needed to connect your SSD of choice.
  • (4Gamer also explained that they hadn’t removed dust due to rushing through the photography and post-production process, but the non-matte finish may well collect dust anyway.)

Gaming:

  • Putting the console through its paces in a gaming session, 4Gamer said the console warmed up but remained cool: “As mentioned above, the exhaust was gentle, and I could hardly hear what seemed to be the rotating noise of the fan,” via translation.