Watch. Erik time for our top stories is one of his best begin with this. German chancellor Angela Merkel is standing out optimism in the greek crisis. They end the night with the leaders of greece in france. Greece once the remaining 8 billion in bailout funds to the void avoid the fall. She says there is a whole lot more to do before that can happen. I will have bilateral talks and have hardly spoken last night with the french president and the greek Prime Minister. It was a very friendly, constructive exchange, but it is clear that further work with the three institutions is necessary. Erik she was referring to the imf. It is behind greeces bailout. President obama says that the u. S. And its allies are not losing the fight against the islamic state. He says more needs to be done to help iraq. They talk to the magazine after isis captured the city of ramadi. Obama says they could use when the war without needing more troops to fight. I can say with full confidence maybe this is a con
Citing that as part of the boost. Some of the blue chip peers not getting the same love. Well get to all of it in the premarket. That strong dollar is cutting into pepsicos bottom line. Well speak to the company ceo hugh johnson in a couple of minutes. Facebook has more monthly users than the entire population of china. The mobile ad revenue impressing some on the street. Despite that revenue miss, where will the stock open today . Procter and gamble quarterly profit in line but sales fell for a fifth straight quarter. Currency effects weighing on 3m. Caterpillar beating the street. We saw construction in the u. S. And north america up. Thats the bright spot we have. Its fairly anemic but its growing. Its Getting Better quarter by quarter. We see that. We are happy with that. Everywhere else in the world we are doubledigit decreases in sales year over year regionally. Weve seen a real dichotomy here in the world. They are upping Sales Guidance upping Earnings Guidance as some of these
Best buy, williamssonoma, earnings surprises to the upside. Omnicare gets taken out by cvs 98 a share. The ceo of Lumber Liquidators resigns. Salesforce up on good oldfashioned earnings. Hear what they told jim about the quarter and competitors. Best buy up sharply after beating the street with its First Quarter results. Its domestic business was stronger than expected, driven by demand for smart phones. Large screen televisions, major appliances. Williamssonoma exceeding forecast in q1, comps up 4. 6. Confident we are executing against the right investment strategy. I sense there is progress but more work to do. This is incredible. They quoted in the release strengthening in our domestic business versus previous outlook. The daytoday inconsistencies, lowes did not see that. Home depot did see that. The categories best buy is doing well in are catries others are faltering in. I wonder whether the culture changed enough that they are simply doing better. They are selling more product. C
Welcome to closing bell, everybody. Very important hour right now. Over at white house lots of things going on. Well keep you updated as it all happens. Im mandy drury sitting in for maria bartiromo. Im bill griffith. Were just three days away from the new year. Still no fix on the fiscal cliff, but there are developments right now, as you know. Brian just mentioning there. Various congressional leaders and the president getting set to meet at the white house this hour to work on lastminute negotiations all in an effort to avoid those series of tax increases and spending cuts due to take effect next year. What we hear is the Senate Leaders are there. Speaker boehner and Minority Leader Nancy Pelosi have yet to arrive, but now were showing you live pictures. Maybe somebody is going to get out of that car, and well see if any of the other leaders will be heading to the white house. This is Speaker Boehner right now heading into the white house. Well keep you updated as this hour progress
Morning as the violence in kiev has left at least two dozen dead. The roadmap begins with netflix youd over verizon as the primetime download speeds allegedly slow. And lets make a deal, cigna jewellers agreeing to acquire zale for 21 a share while one wall street firm suggests walmart should pick up Family Dollar. First up netflix has a bone to pick with verizon this morning and its fios service, according to the wall street journal, the average prime time speeds fell 14 last month as netflix is rolling out a new season of house of cards theyve been in dispute with verizon and other broadband providers how much content theyll carry without paying additional fees. It is sort of a story, david, simon, of two companies but with broad ramifications as we see other deals coming down the pike. Without a doubt. We know this is only going one way which is up as Broadband Usage will only continue to increase as more and more people stream. There are statistics that say 30 of the streaming that