There is a diminishing return of these big Monetary Policy moves. It can be counterproductive. They havebelieve that to save even more to compensate for the fact that their savings are declining faster. You are paying to save. U. S. Futures are up. They are seeing it as stimulus. Portfolios get shifted around. You might live more foreign assets you might buy more equities. Bank of japan adopting negative Interest Rates. Coming up, amazon tanking afterhours trading as the retail beast misses on profits and sales. Plus, full steam ahead for microsoft. The Software Giant reported a strong quarter. And the biggest win of the day, facebook stocks surging after reporting a record report. First, to our lead. Amazon delivers its best earnings ever but shares getting slammed in afterhours trading. The company surprised investors who might have been hoping on more profits in the quarter. Shares coming in at 1. Shares of 35. 7 billion, Fourth Quarter sales. But those sales are 22 of the big numbe
It. Carries a meeting is set for next week in uruguay. Global news 24 hours a day. More than 150 news bureaus world. The bloomberg news. Im corey johnson. This is bloomberg west. Coming up, amazon tanking trading as the profitseast misses on and sales. Plus, full steam ahead for microsoft. Software giant reported a strong quarter. The day,iggest win of facebook stocks surging after a record report. First, to our lead. Delivers its best earnings ever but shares getting slammed in afterhours trading. Surprised investors who might have been hoping on more profits in the quarter. Coming in at 1. Shares of 35. 7 billion, fourth sales. But those sales are 22 of the big numbers from a year ago. The question is whether amazon can readjust its investments. Joining us right now, a Senior Research analyst in minneapolis and new york. Columnist shelly. Gad fly is our fast commentary oughtn which you really to be checking out. And let me start with you. It seems that at least the wall street sellof
And holiday sales up 22 but profit falls short. Shares of microsoft are up after beating the streets expectations. The Company Recording more than 25 billion in revenue for the quarter. And carl icon getting three seats on the board. First up, the dow and s and, p on rise for the worst january. Gdp up. 7 and that comes after the surprise rate hike by the bank of japan. And the nasdaq is down 10 here today. Dow is nearly 7. 8 decline and s p down. And the russell is worse 11 or so. And utilities and telecomin the green. Its very telling. Its just a terrible month and youll see numbers that are fabulous, like american airlines. Four times earnings, like, i could not believe down to 726 million shares but then theres a virus by mosquitos that makes people not want to travel. Just in time for the olympics this summer. And suddenly you have a situation where i dont care how good it is. I use that as a metaphor. Apple, china, wait a second, i dont care how good it is. Drug companies, i dont
Biggest quarterly profit in its here. Demand for iphones in china driving results. Fedpushing markets to gain back some ground after yesterdays significant tumble in the major indexes. Boeings Quarterly Results soaring past expectations. The company seeing 2015 jet deliveries outpacing 2014. Apple is the big story, up sharply in the premarket after posting 18 billion. Ipad sales helped by Strong Demand in china. Tim cook demand has been staggering, shattering our expectations sales over 74 Million Units driven by the unprecedented popularity of iphone 6 and iphone 6 plus. This volume is hard to comprehend. On average we sold over 34,000 iphones every hour 24 hours a day, every day of the quarter. At least 75 million iphones. Estimate 69. Average selling price bucking the trend. Switching from android, hard to find much wrong with the quarter. People say if it doesnt take out 119, november high its going to be a fail tock. Let say, dont trade it own. This is a mesmerizing quarter. I thi
Cyber monday sales were. U. S. Markets said to keep chugging higher as russia warns of a possible slide into recession. First up, apple in focus after the stock fell more than 3 yesterday. Raising their price targets on apple. One says this could be the top of the iphone growth cycle. They are relatively cautious here. We have blown through some targets. Kaiu has a sector perform. That is a guy i frankly dont listen to. I listen to people who liked it and are calling tops because a guy who has fought it doesnt have as much credibility. Im looking at the canacord note. Expecting the 200 million iphones, the merrill note. Pacific crest wants to trade apple. I believe trading apple is a suckers game. They were skeptical going into the launch of the 6. If they didnt have something mindblowing, he probably would down grade them. Didnt do it till now and missed a run. Ive got to tell you, there is talk of multiple praction. The multiple here is 14 times earnings. Ive got stocks selling at 1