Futures meantime okay. 10year yields not moving a whole lot and may not until we get the fed statement tomorrow. Our road map begins with apple, profit and revenue did beat the street last night but margins are below expectations. Sears has considered breaking off its lands end and sears auto businesses. Facebook looking for the social marketing revolution. And nbc reporting the Obama Administration knew millions would not be able to keep their Health Insurance under the new Affordable Care act. First up, though, apple did beat the street last night with its fiscal Fourth Quarter numbers. Profits fell, growth margins slid among heightened competition, despite the sale of 40 million iphones for the quarter. They see revenues 55 billion to 55 billion. Heres what ceo tim cook had to say last night on apples conference call. If terms of supply, into the quarter with a very significant backlog. However, our supply is building each week. In terms of the retina or the ipad mini where the resi
And 900 Million Dollars are chananging hands online. Thats why the internet needs a new kind of server. One thats 80 smaller. Uses 89 less energy. And costs 77 less. Its called hp moonshot. And its giving the internet the room it needs to grow. This. Is going to be big. Its time to build a better enterprise. Together. Bounce is great because the freshness lasts for weeks in the drawer. Why cant everything stafresh that long . [ male announcer ] how do you get your bounce . [ man ] lasting freshness. Ive got headlines for you from apple this morning. And the journal reports a new ipad mini will be out in time for christmas and they will have a better high dedef displ. And its 82 billion dollars overseas, more than any other american company. They dont pay american taxes on it now, that could change if the president gets his way. And despite their hoard of cash and the new ipad mini, not everybody is hard on apple stock. A Fidelity Fund manager says he cut his stake for the first half of
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