Apple’s next event will be held on September 9

The Street

TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and what Apple has in store for its next event.

Transcript

00:00I'm Conway Gittins reporting from the New York Stock Exchange. Here's what we're watching on the street today. The Dow set a fresh record-closing high.

00:07Investors are also keeping an eye on rising oil prices after a weekend flare-up in Middle East tensions. A

00:14prolonged spike in energy costs would throw a wrench into the Federal Reserve's plan to lower interest rates.

00:20Investors on Tuesday will digest fresh home price data and the latest read on consumer confidence.

00:26Turning to other news, Apple lovers rejoiced. The tech giant set September 9th as the date for its next series of gadget reveals and

00:34updates.

00:35Invitations simply said, quote, it's glow time.

00:38There are high expectations to see how artificial intelligence or Apple intelligence, as the company calls it, is

00:45integrated into the Apple ecosystem. The company has lagged behind many of its peers by not fully unleashing the power of AI.

00:54Analysts, however, expect that to change with what is being called the biggest ever software upgrade for the iPhone.

01:01So what else is likely to be announced besides an AI-inspired refresh of the iPhone

01:0616 lineup? AI updates for the Apple Watch and AirPods are expected.

01:11There are also rumors of some funky new colors given the colorful glow effect on the invitation. And

01:17that's just the hardware. AI upgrades for all of Apple's operating systems are likely to be in store as well.

01:25In addition, there are high hopes that Siri will get the full AI treatment.

01:30All of this comes at a crucial time for Apple global iPhone sales were down last quarter due largely to weakness in China.

01:38That one device is responsible for half Apple's total revenue.

01:43That'll do it for your daily briefing from the New York Stock Exchange. I'm Conway Gittins with The Street.

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