Fed is set to cut rates, Apple beats expectations, GE beats amid low expectations

Apple posts a beat on expectations, despite a drop in iPhone sales. Brian Levitt, Invesco Global Market Strategist says "markets are going to continue to reward those companies that generate true earnings growth." Meanwhile, economists are keeping a close eye on the Fed vas it is set to cut rates. Both Levitt and Erin Gibbs, President and CIO of Gibbs Wealth Management, discuss around the opening bell on Yahoo Finance's The First Trade.