Aspirations. Guys. E halal its earnings. Ith quarterly profit rose to 7. 75 billion. The jump in iphone sales making up for the drop in ipads. Microsoft out with its earnings after the close. Office fell shy of estimates. Half it down by the acquisition of nokias handset business. And herbalife sides shares rise getting more than 25 as the lachman failed to contest ackman failedll to convince investors there was fraud. Cory johnson joins us from san francisco. Lets go through microsoft. How did the Company Performed during the quarter . Gross margins slipped but we have seen that going on for the past couple of months. We were talking about the surface. I was just asking. Spent. Million somebody out there is buying a lot of surfaces. Maybe validating the surface team we will slope will file later. How much . 409 million. A lot of money to develop things like the surface and the xbox and a lot of software. Talk about the profit margins. They are declining. As the business shifts to a di
One was anticipating. You know the Central Banks are good about telling the markets what theyre going to do in advance and when that doesnt happen you see swings like this. The Swiss National bank coming out with its news saying it was going to delock the swiss franc from the euro. Since 2011 they had been tying the currency cap in 2011. Swiss national bairng was saying you had to have 1. 2 swiss francs to the euro. They let that go unexpectedly. Moved 30 . Basically 120 euro. 120 swiss francs to the euro. Yeah down. 86. Right. Its complicated stuff and theres a lot to get your head around but this is a massive move. Weve never seen a currency swing like this before. It was also the u. S. Dollar we saw the swing against because the dollar was high against the swiss frank because it was tied to the euro. When they let that go it was a massive snap. So it had been that they were benefitting by being tied to a weak euro but it wanted to go much higher and obviously i want it wanted to go
Any chance this is going to impact the drive home . Not in the metro washington area. Looks like the rain is probably going to arrive in the western suburbs a little after 7 00 and into the city shortly thereafter. At the moment its cloudy and 69 outside the weather center. The clouds are on the way. Looking eastward toward Andrews Airforce base, that area, down river, some blue sky but the other way off to the west clouds are making progress in a hurry. The first round of showers now just south of winchester, front royal, so a few heavier downpours there are being picked up just north of strasburg. A little further west there is even more action to deal with. A real nasty line of thunderstorms and a number of tornadoes. In fact, the severe storms just posted a tornado watch for northeastern kentucky, southern and southeastern ohio. Western west virginia. We think those storms will diminish once they cross the appalachians but an isolated thunderstorm later tonight certainly not out of
Change. We have Team Coverage in the south bay with a look at how people are working with the restrictions. But we have a look at the weather with rob mayeda. You can see the system here starting to bring some showers to shore, mainly off of the east way. Well see snow levels quickly dropping as we go through tomorrow. These are two storm systems, the first one not going to bring a whole lot of rain for the bay area, maybe a quarter inch or less but look at the whole system, snow levels down to 30 feet, we have the alltime record low snowpack as measured in current times, showing you what were expecting as we begin to head into next week now. We could see one to two levels of snow. We could see rain totals going in for parts of the bay area. What it means you may want to water proof some of the eggs for the easter egg hunts. Daytime highs in the stretch of Stormy Weather will be at their coldest since midfebruary. So a winter blast, well show you the timing with the wave of snow. In th
Shell is buying bg group 470 billion in cash and stock. The deal will push shell further into developing natural gas with oil prices following. Here is the ceo. The way we would look at it if you look at the combination of the two companies, what we could do with the fantastic assets that the jihad, with our capabilities applied to them, we simply saw more value in the combination than the market. Pimm the deal brad the deal is not expected to add to earnings per share until 2017. Crude falls again today after a government report said u. S. Oil stockpiles increased by 11 Million Barrels last week hitting their highest level since 1930. Meanwhile, the Energy Information Administration Says oil could fall to just 15 a barrel if sanctions on iran are moved removed. The greek Prime Minister said in moscow today, meeting with russian president Vladimir Putin ts. Ipras opposes eu sentient on russia. Trade between the nations has dropped by 40 last year due to sanctions on greeces economic pr