Hawaii. He has had a rough year. A botched healthcare rollout, the fight over the keystone pipeline, all of those issues hanging over the white house, but it cant all be bad. There has been good action taken by congress to eliminate the fear about the budget and to reduce the sequestration. We see the fed having taken some well communicated action concerning the tapering program. Were talking about four point one Percent Economic Growth in the third quarter. That is a big deal. Unemployment falling down to seven percent. That is why the imf and Christine Lagarde raised its forecast for the u. S. Growth next year. And is always a question of confidence. If you have longterm confidence in your job and Employment Status and the economy, it is all about confidence. If that confidence is there an confidence goes up, you will find people borrow more money. Borrowing money helps the u. S. Economy, but is it what needs to happen when americans cannot afford or do not want to buy Health Insuran
Mobile devices for apple in taiwan. Quarter. Bad julie hyman has been looking at the quarter for blackberry. Wherelike a zombie movie you know what is going to happen but it continues you are still scared. We were talking about this this morning, that you know it is going to be bad but yet somehow you are surprised just how bad it is. Lets talk about the various metrics we are looking at. When you look at the loss from continuing operations, worse than analysts anticipated. A big drop in revenue of more than 50 . That is worse than what analysts have been anticipating. If you look at the revenue recognized from smartphones the Company Sells a certain number of smartphones in the quarter, but some of them, even though they are delivered in the quarter, maybe they were ordered before. If you look at the revenue realized from the actual sales that were recognized in the quarter, we are looking at 1. 9 million smartphones. 3. 7 million smartphones was the prior quarter. Makersher smartphon
Leo and Martin Scorsese are going to tell their story. Familynt obama and catching some hoops in honolulu, hawaii. He has had a rough year. A botched healthcare rollout, the fight over the keystone pipeline, all of those issues hanging over the white house, but it cant all be bad. Has been good action taken by congress to eliminate the fear about the budget and to reduce the sequestration. Somee the fed having taken well communicated action concerning the tapering program. Were talking about four point one Percent Economic Growth in the third quarter. That is a big deal. Unemployment falling down to seven percent. That is why the imf and Christine Lagarde raised its forecast for the u. S. Growth last next year. Always a question of confidence. If you have longterm confidence in your job and Employment Status and the economy, it is all about confidence. There anonfidence is confidence goes up, you will find people borrow more money. Theorrowing money helps u. S. Economy, but is it what
Attacking in the right direction. Ultimatum for Family Dollar, icahn says, sell or ill come after the board. Not backing down. A crossborder fistfight, rejecting a takeover, and looking for a buyout . All you need is a pulse and a u. K. Postal code. First up, oracle reported fiscal Fourth Quarter operating profit at 92 cents a share missing estimates, and revenue below consensus and disapointing sale of software licenses. Some expected more progress in the Cloud Computing business, giving metrics on, jim, for the first time, up 22 year on year, 4 of total revenue. Is this a reminder of last years rough time . I dont think so. The portfolio manager, we huddled in this last night and felt it was a buying opportunity. We say that with the Big Tech Companies repositions from traditional metrics to the cloud, theres glitches, and you look back and say, wow, that was an opportunity. Reminded of adobe with a glitch and came back very strong. What can i say . When you switch models, like, you
Services, pmi, International Trade and ism nonmanufacturing numbers that day as well. Forecasters say the economy probably added 218,000 jobs in june to make five straight months of job gains of more than 200,000. Thats something we have not seen since the end of 1999 before the dot com bubble burst. The bulls are looking to close the books on a successful first half of the year. The s p 500 is up more than 6 this year following a jump of 30 in 2013. If the market closed the year at current levels, 2014 would be the best threeyear run for stocks since the 1997 to 1999 period of time. Its weird. Its like a weird goldberg thing the way they do this. Sometimes if it was the first or second of the month with the first friday, they may do it the next friday. They do it weird. Other times we have been here on fridays when some markets are closed and the stock market is closed good friday. Its a lesson here, the only people at cnbc that have to come here joe is winding you up for when we walk