Results in seven years. Apples china concern, data signaling a 19 tumble in iphone shipments. The worst performance in four years for apple in china. Lets begin with earnings as the markets look to extend yesterdays rebound rally. Jim, theres a lot of big industrials we can go to. I know we can focus on tesla. I want to focus on mary barra. She had an unbelievable quarter. When i say unbelievable, i mean they delivered on everything shes been talking about. They only want to make cars that they make money on cars and trucks. They did a very, very good job. We can talk forever about elon musk because elon musk is fascinating. Mary barra is workmanlike. Workmanlike is what works when youre doing cars. That raised guidance, david, was extraordinary. As was the beat, frankly. How is it that the analysts miss it by that much . Is that rhetorical . I dont know. It feels like thats not something that should be that far off when it comes to gm i agree. I was not modeling gm, but i was expectin
S p was off by close to four points. You could see this morning theres green arrows but we saw this yesterday at this time. Right now the dow futures are up by 53 points by fair value and the nasdaq up by close to 13 points. We had a couple of big stories were watching this morning. We had a flood of economic data. We have import export prices and in global news. Lowering a key rate to 1. 75 and then a Business Update Conference Call coming up at 10 00 a. M. Eastern time. The company has come under a lot of fire. It doesnt meet californias admission standards. Shares got a boost though yesterday after he made his case for the stock right here on cnbc. A number of stocks to watch this morning. Its going to explore spinning off its helicopter unit. This is the first big move. He will join us on set. Well talk about all kinds of Different Things. Exactly. Well ask him about it and he probably you saw what happened back in the fall and the notion was he was detached. Hes been in the trench
So at times he would ask me to inject. You injected him . Yes. Personally . Personally. 60 minutes speaks to the man at the center of a baseball doping scandal. Rodriguez people told you to go to colombia and theyd take care of you there. And theyd take care of me there. Theres no allegation he bribed anyone. In my judgment, his actions were beyond comprehension. Nobody really knew what was going on. The federal Aviation Administration is investigating how a Southwest Airlines plane landed at the wrong airport. Rest assured that were safe and sound here. Hundreds of thousands of West Virginiaens are heading into a fifth day without water. The best Motion Picture drama, 12 years a slave. All right, all right. Thank you so much, Hollywood Foreign press. Do people at home hear this music, or do they suddenly think its getting really fast because youre having a panic attack. Saying goodbye to former Prime Minister ariel sharon. I have one thing id like to do, reach deep. First, target now
Numbers. You have to be known as what is the expectations, what the company is going to earn or sell. Because the making and missing of those expectations control the market today t. Dow climbing 43 points. The nasdaq declining. 5 . Take American Express, principal cause why the dow is up so much. The company reported, the headline wroirs called eight miss him i was watching. Boom, boom, boom, we listened to the call. It turns out they are doing betterthanexpected. The stock rallied 3 bucks and change. General electric quarters expecting to hear that personal computers and Industrial Sales getting stronger . Intellichose to be far more circumspect than that. Didnt get that positive. General electric talked about a mixed picture. Ge sheds 2. 28 t. Latter seeming very out of sync with the fact that the headlines have been too good. With that expectations prism in mind. Report tuesdays opened, two of my favorite were Delta Air Lines dal and Johnson Johnson, jf j. Suffice it to say i was a
June. The data suggests that they will sit tight for the time being. And alcoa gets the u. S. Earnings season off to a good start. Posted better than expected adjusted results and also backing its Global Demand forecasts. Warm welcome. It is tuesday, the 9th of july. Plenty to come on todays show. Well be in egypt. Protesters are expected to take to the streets again today. Could a timetable for elections bring some stability . Expansion is back on the agenda. This is according to the latest cfo survey from deloitte. Are those in top jobs all talk and no action . Well talk at 10 30 cet. Alcoa kicked off u. S. Earnings season on a bullish note. But what can we expect from others . Well get a view there. The head of the worlds Biggest Exchange operator terry duffy, president of cme group joins us in studio. Has his eye on an m a deal. Tune in to find out. Thoughts or comments about any of those views, please email us at worldwide cnbc. Com. First up, greece is being granted another round