Understanding why viewers want us to compare results to last year, not to analyst expectations. We have 70 above. What does that tell you other than the Company Effectively managed where analysts were. We have no idea is it above or below. Intel, a third of their profit dropped off. In both revenue, and earnings, wouldnt you like to know how it compares . What if everything is down from last year in both revenues and earnings . Was it rich who was saying what you should be looking at is the number of companies that have surprising that shock you by missing by so much. Those are the ones who you havent really seen just objectively, it is hard to do above or below last year, there is always items, they sell businesses, so, you know, things are discontinued and makes it hard. The stock trade is based on where the streets expectations are. If they knew it would be coming down steeply, but if you knew it was going to be coming down steeply, street knew it was coming. Youre late to the game
Sidestep and cisco bay hire clouds and some of the inland sponson fact was locations reporting parley cardinal cycladic conditions with the exception of Livermore Valley. We still have this rigid High Pressure over the region but this will slowly but surely break apart so that said temperatures will cool it todays enemy as hot as yesterday. Still talking but another warm day with temperatures in the mid upper 90s and and into tomorrow we will see it one way of pettifog slightly cooler conditions. By next week the fog will really make a comeback temperatures near average pre much where we should be for this time of year. Full details but to expect the full it look at the extended forecast coming up at 715. but so much top story this morning residents in san carlos on alert after my and spotted cemetery county sheriff says it was spotted thursday evening. The animal was apparently standing over a dead deer at the site of the road. Deputies searched the area could not find the big cat how
First a note about uncertainty. Hard times like this call for hard truths. The hard truth is that covid19 will be with us for a long time. Until theres a cure or vaccine it will pose a unique threat. Experts are talking in terms of years. No one likes this. But Everyone Needs to know the truth. The hard truth. The leads who are acting like this is almost over are not leading at all. Theyre failing to tell the hard truth. Thats irresponsible. Im looking at you jared kushner. He said the federal government rose to the challenge. He called it a success story. The hard truth is anyone who talks about this pandemic in the past tense is lying to you. This is present tense crisis. No amount of propaganda can change that but it can confuse people. It is confusing people and thats reckless. The hard truth is that shutdowns and social distancing measures have slowed the spread of the virus but the virus is still winning. Someone from america died every 44 seconds in april. The true toll is worse
Simon . The housing stocks going up. Earnings up 130 . If you like housing, own eagle materials. Dr. J . Stocks easing back a little bit today. Buy into this one. A lot of activity on april, 35 calls. Thats what did it for us. Surging for its next move. Is it going to be up . Is it going to be down. You have a jobs report at the end of the report. Anthony, you see that as the next big catalyst . The jobs report . Either way . It is going to be a short term catalyst but obviously the mega big catalyst is with the fed. Let me jump in. Itll be a catalyst because it will shape what the Federal Reserve puts out at the meeting just ten days later. We are still trying to figure out the whole sequester play out. We are watching the dow, down today, 38 points. It is trying to make the alltime high of 14,165 or thereabouts. You can see there is work to do. That does it for us. Dont forget to catch more, follow me on twitter at scott wapner cnbc. Power lunch starts now. Interview today only on cn
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