Session. Road map, the busiest week of the earnings season. Netflix, apple, chipotle later tonight. Markets have to digest them all. Investors dealing with International Uncertainty in the middle east and ukraine. Live updates on both. Emc reported ly pushed to spin off a unit while allergan cuts its workforce 13 . Mcdonalds apologizing to consumers in china for expired meat, well explain. After fridays rally, wall street gearing up for the busiest week of earnings season. T. I. Due after the bell. Apple and facebook set to report with a third of the dow, including microsoft and verizon. Halliburton with results, the company increasing buyback program, the 6 billion, very large increase in the buyback. And maybe some clarity on succession down the road, too. Halliburtons one of the companies that is basically north american fracking and they say it is great. I love a release which says were hiring like mad, because that does imply business is terrific, not done by firing, not done by m
We are going be talking about it literally almost every 15 minutes over the next thee hours. Keep your eyes on attention on inflation. And the june Consumer Price index, economists say headline cpi likely rose 0. 3 . Also worth watching, existing home sales for june coming out at 10 00 a. M. Eastern time and sales expected to rise by 2. 2 there. A dip from jumps that we had seen the previous month. Joseph kernen, i see you staring at a screen. What do you see . Dupont. Its a couple of cents shy. 11. 17 was the estimate. Its posting 1. 15, but the revenue number is above, which will be interesting if they miss on no, its operating earnings of 1. 17. So right in line. Operating earnings, 1. 17. So in line with expectations. And the revenue number is slightly above. We were looking for 9. 7852. And i think we got above that. Maybe that is that Second Quarter sales . 9. 71. So maybe its in line with expectations. The dividend has been no, revenue is 10. 11. So sales, they obviously have so
Declining. 23 . And the nasdaq dipping. 17 this session . Frankly, theres no one answer that explains why stocks are so resilient here. This is a complex and complicated market. Instead, there were a number of important factors at work. Lets get to it. Lets go over the reasons why the market hasnt been absolutely destroyed despite the crash of the Malaysian Airlines plane over ukraine and the ratcheting up of the antirussia rhetoric by president obama and his people this weekend. Pretty much, the markets decided for now that whatever sanctions we put on russia are not going to hurt the earnings of u. S. Based companies. Now, im not so sure if the conventional wisdom here is correct yet. Its certainly right if the west, including the United States does nothing more than what weve already seen against russia. The current sanctions arent going to hurt any companys earnings because i dont believe that putin is going to shut down, nationalize, or kick out the companies of any western countr
Investigation. And today the u. N. Security council is expected to vote on a resolution calling for full access to the crash site and an International Investigation. Well check in with our nbc colleagues in russia in a couple minutes. Also, we are closely following the situation in the middle east. Israeli air strikes pounding gaza again today. Officials say more than 500 palestinians have been killed since the beginning of the offensive. Yesterday was the deadliest day. 20 israelis have been killed including 13 soldiers who died during heavy fighting yesterday. And the u. N. Security general and u. S. Secretary john kerry are headed to egypt for talks on the crisis. Israel has every right in the world to defend itself, but were hopeful, very hopeful that we can quickly try to find a way forward to put a ceasefire in place so that the underlying issues, so that we can get to the questions, but you cannot reward terrorism. There cant be a set of precondition demands that are going to be
All week long. We will get you ahead of the trade there. And big trouble in china for two big american brands, mcdonalds and yum under fire for poor food quality. Both stocks are down today, largely in response to word out of that very important market. And the terrible drought in california may be about to get a lot worse. We will tell you about that. First first, lets check in with sue at the new york stock exchange. Sue . Good to see you, ty. The stock market starting down on this first trading day of the week, off the worst levels of the day only off 74 points now. Bob pisani joins me here on the floor of the nyse on the emerging threat from overseas, the potential really to rock markets around the world. And is something that youve covered for us before in its initial stages. Things have changed. The middle east is a hot investment plane, property markets are on fire there sunday, the dubai stock market dropped almost 6 . We covered a little bit in sunday trading, cube bind the mi