John fortt, melissa lee and myself here at post nine as we are watching the markets down about 55 points. The president meeting with the secretary general of nato as diplomatic tensions with russia are on the rise. Our Kayla Tausche is standing by. Reporter since inauguration, President Trump, vicepresident pence and defense secretary mattis have all expressed the u. S. s strong commitment to nato. President trump in his meeting with nato secretarys general is expected to do the same. Senior National Security Council Officials describing that commitment as iron clad and saying that todays meeting will cover the need for allies to incompetent crease defense spending, a swift review of natos involvement in afghanistan and also the approach to russia. Nato countries serve as a buffer zone to russia. The president s approval of montenegros expansion in nato is an event that will put russia on edge. Officials would not comment on the timing of the president s decision to approve that reques
November. Ibm is set to weigh down the dow today. Notching the 20th straight quarter of year over year revenue declines. Plus, a border tax replacement. The white house considering a elimination of state and local deductions needed to pay for tax cuts. Some drama at 21st century fox as advertisers flee. Reports that primetime star bill oreilly is now all but out. It would be the third major departure for the network in the last year. Ibm bills down sharply in the premarket. The miss on the quarterly revenue overshadowing the sales beat. Down for 20 straight quarters. Ibm had an 11 quarter streak of opening lower on earnings. That was broken last summer. Now appears to resume. Yeah. Look, this was a kind of quarter where they actually didnt close certain business anded that they closed and had they closed certain business, you know what, things are on target. The Gross Margins are not done as much as they were. The signings are surprised that they did misit miss it. We accept it for qua
Producers about a planned output cut. Wti has fallen under 50 a barrel. Right now 49. 43. As for stocks to watch, chep ch chipotles Third Quarter profit falling. The samestore sales fell nearly 22 , worse than expected. They have forecast sales to rise in the high Single Digits in 2017. Panera breads Third Quarter results beating forecast. They were helped by price increases on its menu and it is raising the fullyear outlook. That stock seeing a nice pop. Pandoras Third Quarter earnings falling short of estimates. They are also cutting the fullyear guidance as the number of active listeners fall and costs rise. Akamai rising 6 beating forecasts. The company, which helps speed up the delivery of content over the internet was helped by Strong Demand for its Cloud Security products. Pandora, whats the problem . Apple . I dont know if its apple, i think its more of a spotify thing. Spotify is doing well . Its just a fraction just split up now. Its a tiny thing. What are people using . Do y
We will see whether Hillary Clinton can close that gap or not in what now is coming up on less than two weeks. Here we are. We should say ivanka trump was here yesterday campaigning hard. Its an interesting place to be, in part because this really is all about the president ial election. This is not a down ballot state. Thats not the topic of conversation. We have a number of big guests on the show that will talk about all of this today, including the senator, senator purdue, a number of students, journalists that will join us in a bit. We wanted to get our pulse own whats going on around the country. Here we are. Georgia is a special place for me, too, as you know. The great thing about squawking the vote, i know youre going down there to get a feel for how you can help us understand more about the election, for me, when you go to ohio, my homestate or when you go to georgia, i just the education that youre getting about the heartland, i think your eyes look wide open down there. I th
Trading session for the first trading session of the month of november. Stocks just off session lows, take a look at the declines across the board here, dow down by 85 points. S p is down by. 6 . Nasdaq down by. 6 as well. Health care, as well as telecoms, among the biggest losers here. Watching small caps down, down by 1. 2 . Outpace and declines in the overall market. This is a sector, area of the market seeing twice declines of the overall s p 500 in the past month. Apple, a drag overall, ubs survey indicating demand for the new iphone in china, seeing that stock just off session lows, down by 1. 5 . Thank you very much, melissa. Im tyler mathisen. Welcome. Here is what else is happening at this hour. Gannett says it is ending a sixmonth long bid to buy the newspaper publisher trunk. I love that. Construction spending falling in september. They were expecting an increase. And the fed picking off a twoday policy meeting in washington. Well have full coverage of the feds decision on I