Chains are struggling, many customers are coming in for the meat. It is Market Makers here on Bloomberg Television. I am Erik Schatzker. Stephanie i am stephanie ruhle, and im glad we are starting today coming in with the meat. Coming in with the meat . Erik coming in for the meat. Stephanie you know what we need now, a bulletin. Erik abbvie has won the battle for pharmacyclics and will buy the company. It makes a blockbuster blood Cancer Treatment that cost 100,000 a year and has been approved for four blood cancer uses. Johnson johnson had been on the verge of buying pharmacyclics. The European Central bank is releasing details of its stimulus program. At a News Conference in cyprus, ecb president mario draghi says that the sovereign Bond Purchase Program will start next monday. Ecb will be buying 60 billion euros a month of assets through september. 16. This is all part of a plan to invert deflation in the euro zone. The ecb wants to get inflation back up near 2 . China has since se
International franchise. Lets get headlines from carol massar. Apple out with its earnings. Quarterly profit rose to 7. 75 billion. The jump in iphone sales making up for the drop in ipads. Microsoft out with its earnings after the close. Profits fell shy of estimates. Half it down by the acquisition of nokias handset business. And herbalife shares rise getting more than 25 as bill ackman failed to convince investors there was fraud. Cory johnson joins us from san francisco. Lets go through microsoft. How did the Company Performed during the quarter . Gross margins slipped but we have seen that going on for the past couple of months. We were talking about the surface. I was just asking. 409 million spent. Somebody out there is buying a lot of surfaces. Maybe validating the surface team we will file later. How much . 409 million. A lot of money to develop things like the surface and the xbox and a lot of software. Talk about the profit margins. They are declining. As the business shifts
Downgraded to a Tropical Storm this morning, but it remains extremely dangerous. Sandy is expected to soon combine with two other major storm systems and then increase in strength. Right now its 350 miles off of charleston, South Carolina. Sandy ripped across the caribbean causing heavy damage in jamaica, haiti and cuba before moving over the bahamas. At least 40 people 40 people are dead in its wake. No one can be certain how powerful it will become but the signs are ominous to say the least. Lets get the latest from Mark Strassman who is in Virginia Beach, virginia. Good morning to you, mark. Reporter good morning. We have seen winds pick up overnight, no rain yet but you can see around me wind have picked up. Local forecasters say within the next 24 hours the winds will pick up more significantly and this area will get up to six inches of rain. For the most part many places farther north of here are going to get it much worse. Sandy, with its nickname frankenstorm has proved its a m
Why so cool Brooklyn New York has dumped the shark. All that and much more on cbs this morning, saturday, october 27, 2012. And welcome to the weekend. Welcome to the weekend. We want to begin with that story what is being described as a super storm headed up the east coast, Hurricane Sandy was downgraded to a Tropical Storm this morning, but it remains sandy is expected to soon combine with two other major storm systems and then increase in strength. Right now its 350 miles off of charleston, South Carolina. Sandy ripped across the caribbean causing heavy damage in jamaica, haiti and cuba before moving over the bahamas. At least 40 people 40 people are dead in its wake. No one can be certain how powerful it will become but the signs are ominous to say the least. Lets get the latest from Mark Strassman who is in Virginia Beach, virginia. Good morning to you, mark. Reporter good morning. We have seen winds pick up overnight, no rain yet but you can see around me wind have picked up. Loc
Good morning from new york. Its tuesday, february 19th, 2013. This is the daily rundown. Im chuck todd. Keep sending in your good morning greetings. We didnt have arable ones for today, but we want to hear from everybody thats watching today. Lets get right to my first reads of the morning. With ten days left to prevent 5 billion in automatic spending cuts for the year kicking in, today were going to get a taste of the president s end game. The white house plans to use that to at least reap political benefits if it goes into effect. Less than two hours from now, the president will be surrounded by merge responders who could lose their jobs, described as the kinds of americans whose jobs are on the line if republicans fail to compromise on a bland solution. Last week she warned budget cuts should affect survivors recovering from hurricane sandy. You can see where this is going. Today its first responders. Tomorrow could be military families. Day after should be essential government work