Last quarter. And the fed wraps up a twoday meeting. Theyre widely expected to taper its monthly asset pure chases by 25 billion. Investors will look for hint on any timing of future rate hikes. A lot to digest this morning. Michelle, over to you. Lots of stock moves this morning, too, becky. Twitter shares soaring huge move after hours. Earnings and revenues beat the street and the microbloging site halted a slowdown in the user growth in the quarter. Among the catalysts, the summers world cup. And were going to talk to the analyst who covers this company in just a few minutes. But take a look at that interday chart from yesterday where you can see the after hours moving. 30 . Holy smokes. American express posting a 9 increase in profits. The companys cfo says card members spending as the economy recovered. And Dreamworks Animation posting a bigger than expected loss, revenues falling short. The Company Announced the s. E. C. Is investigating the wipe down of film inventory on turbo,
Works, how secure it is, and whether it is truly a game changer. On wifi,oubling down offering customers a personal self spot and even a new router after the apple wifi announcement yesterday. Emily chang is at the tmobile event right now and will have an exclusive live interview with ceo john leger coming up. A new report says Law Enforcement provided the nfl video of the Blockbuster Video of ray rice punching out his girlfriend. We look at the technology that could prove what the nfl knew and when it knew it. To the lead would are tapping the debt market filing plans to sell 1. 3 billion in convertible bonds as the bank decides to participate in the offering, it could spread to a 1. 5 billion 1. 5 billion market. 5 , but gaves up up nearly all the gains after the news was announced after hours. This offering is really big. It is. It is almost as much as they raised in their ipo, which was about 1. 9 billion. It changes the Balance Sheet for this company. It gives them enormous cash r
Yield. How much is the u. S. Government paying you . There you go. Crude oil which we have been taking a lead from. Ive got good stuff on crude. You do . Cant wait to get to it. We start with twitter. Sheriffs getting hit hard after the Company Reported Slower Growth and guidance. Not good for the rest of the year. A couple of dow components reporting before the bell this morning, as well. We are going to have headlines on two big names for you. Talking pfizer and dupont. Plus, apple and alibaba working together. Ceo jack ma hes not the ceo, hes the founder of alibaba. He speaks at length on that idea and well tell you what he had to say in a couple of minutes. Far from the ceo. Joe tsai is not even the ceo. Twitter shares are down sharply premarket despite posting revenue that doubled in the Third Quarter and beat street forecast. Q3 the number of users that logged into that service once a month rose 4. 8 . That represents Slower Growth compared to the prior quarter. In an exclusive,
Headlines the debt crisis negotiations in argentina. Megan hughes has an obamacare report card. And Jon Erlichman has details on twitters new chief financial officer. Those stories are coming up. In a moment, the fallout of the ofra boston a month the bmp settlement. Joining me in studio is Manhattan District Attorney cyrus vance junior. Welcome back to bottom line. Bnp posted its biggest advance in a year. The bank also said the 9 billion dollar fine wont force it to reduce its dividend or derail growth plans. If the size of the fine wasnt enough to punish them, what was the point . The size of the fine was enormous. To what they are sending out to shareholders in the markets. The 9 billion fine was directly related to the amounts of money that were moved through the new york city Banking System through countries like sudan and iran and others. You have to have a fine that is proportionate. On top of that you have to have a plea of guilty. It is an acknowledgment by the company they i
Not all stocks can be gopros. General motors recalls another 8 million cars. Today mark the end of the rebound in autos . Better late than never. Time to buy netflix, content, customers, country, all king. Hashtag impulse buy, twitter, buy it now button making an acquisition of its own. Futures pointing higher first day of the second half, s p and nasdaq coming off the longest quarterly winning streaks since 1998 and 2000 respectively as we wait for manufacturing, construction numbers this morning, china pmi better than the alternative at 50. 7. Its pretty strong, but no, maam numbers not as strong. China, when the number came out, up at the moment, but i said, no, better than expected. Thats not possible. Weve come so used to china missing. Dont forget. If you go back to 2008, last time china was in charge, stocks went higher and higher. Caterpillar went up pretty much into all these china pmi numbers so these things really, really do matter. I find that china correlates with the stal