Formula is going to hurt its Third Quarter revenue. Plus, apple has reportedly sold two suppliers. Its cutting orders for the new model of its iphone and upping orders on its high end 5s. Hello and welcome to this wednesday on Worldwide Exchange. Plenty to talk through on todays show with the clock running down on debt ceiling. Well hear from one guest who says markets are still unfaced by the risk of default. Clearly if you take a look at the price action, john kenalli joins us. Never mind the debt ceiling threat, one of the biggest ipos join us. Japans softbank had a boost after securing a majority stake in the finish gamemaker supersoft. Could this be a sign of more m a in the pipeline . And here in london, we get the latest unEmployment Data 23430 minutes. Has the rate dropped closer to the knockout for forward guide yaps . If thats not enough, the London Stock Exchange is playing host to russian Business Leaders. Thats a first on cnbc at 10 40. But first, as you might expect, u. S
Testimony tomorrow. This retail story is interesting. Jcpenney beating on the upside, macys. Also cisco, earnings are due out one hour from now. Well talk to the ceo, John Chambers, joining me exclusively before he meets with analysts. Ciscos spending and the global economy. Youll get it here first. While the stock market enters an allnear high, the bit coin continues to set new records. What would a day be without a bitcoin story. Its around 40 0. Reports are china is helping to fuel this phenomenon, whatever the phenomenon is. The answer is is why theyre increasing demand. The answer to the question will be raising eyebrows along with the price of the bitcoin. A full report coming up. But wheres the money . Trading floor buzzing, meanwhile, because mike tyson is on his way over here. The controversial heavyweight champ will be here on the closing bell set for an interview about his rise, fall and now his rise again. Im excited about this interview. Mike tyson i know youre ready. In t
The deal for a vote on the house floor after it passes through the senate, but we were just saying, a reuters is quoting a senior gop leadership aide, whoever that is, as saying the outcome is unclear in the house vote. John harwoods in washington with the latest details. What are you hearing . Im not hearing what the outcome is unclear. In the senate you have, according to a leadership aide, republican aide tells me, 28 to 32 republicans are likely to vote yes. That is a substantial majority of their caucus. That would add momentum for the house of representatives. As of now, democratic leadership aides are expecting about 50 House Republican votes. That would be more than enough to pass it, unless some hitch develops in the drafting of the legislation. As of now, the senate is looking to vote some time in the 5 p. M. To 8 p. M. Hour. House sources tell me they will then take it up 8 00 to 9 00 and hope to get off the floor by 11 p. M. , which would allow time for the bill to get dot
The markets waiting for something. What could it be . Oh, apple reports in the next hour. Those numbers will be hitting the tape right after the bell rings. Theyre widely anticipated, even more so now with the new iphones in the mix. They want to know if the new iphone 5c gained any traction in its First Quarter of sales. And then you know who else will be watching very closely . That would be activist investor carl icahn who wants that huge 115 billion stock buy back. This is the place to be for instant information and analysis when those numbers are released in an hour. Forget the glitches. Its when the new Health Care Law actually works that many middle class americans are feeling the pain. Citizens using huge and unexpected increases in premiums. Two of them are with us. One premium went up ten times. Ten times. Thats amazing. Its been a trading day for the dow. Were up 16 right now, just off the highs at 15,586. Theyre just waiting for the apple numbers, the fed meeting this week.
Today and stock prices higher. By ifthe way, the dow would be lot higher if it werent for cisco. Earnings you were talking about last night. Thats right. Two big news making interviews coming up. U. S. Commerce secretary Penny Pritzker on the program. So much to speak to her about. From the Health Care Law to her priorities now for businesses. How to get them to spend their money on hiring instead of things like buybacks. Thats exactly what we spoke as well about last night. Also ahead, legendary actist investor Cliff Robbins of the blue harbour group. Dont miss that. Speaking of health care, you saw live here on cnbc the president today making some Administrative Changes to the Health Care Law. Now you really can keep your plan if you like it. But only for one year. And only if Insurance Companies can reverse everything before the end of the year. In fact, those Insurance Companies are telling us here at cnbc they feel like the white house has left them holding the bag on this one. An