Monetizing mobile, and contrary to popular belief, teens are still using it. And General Motors is beating expectations and showing signs of improvement in europe. Plus one of the cars gets a rare award from Consumer Reports. And michael dell is writing a letter saying that he at peace because of what shareholders make. And sac capital could come the kaye and we could come today, and we could have more on that. And at least eight wall street firms raising the stock on facebook and the stock is growing after the Second Quarter results were out last night. They make up 41 of facebooks edadvertising revenue s and Mar Zuckerberg on the Conference Call last night. When it comes to mobile, i am pleased with the results. We have more actives on mobile than desktops and more than half a billion people use facebook on their mobile than desktop. And jim, everybody is buzzing that it is within 14 of the ipo price of 38. Well, it is a big position for the Charitable Trust and looking bad for a whi
Accommodation. The road map begins with the third best quarter ever for starbucks, and chairman and Ceo Howard Schultz will join us. We will break down the numbers and see what is brewing for the future. And amazons negative surprise as they have a quarterly loss loss hit by big spending at the company. And plus, we are an hour away for the arraignment of Steven Cohens sac capital and we will take you live to the courthouse when that happens. First up, starbucks up sharply, and the coffee chain says it earned 55 cents a share in the fiscal third. And same sales remained the same as the expanded menu offerings drove traffic and rose the year guidance and we will have an exclusive interview with the starbucks Ceo Howard Schultz, and jim, the metric of the day, 9 comps in the u. S. People it is hard to get your head around that. Well, these guys have 19,000 stores. I know, 19,000 stores, and glob globally they did fantastic and the operating margins up 25 income points and 13 increase in
On what to do. Watch your toes, sue. Absolutely, ty. Chilling pictures. Wait until you see them. Its amazing how close the sharks are getting to shore. We start with detroits bankruptcy filing. They filed the largest ever municipal bankruptcy late yesterday afternoon. The citys state appointed emergency manager sought bankruptcy protection rather than taking more money from the battered Emergency Services department to pay off the debt. Today michigans Governor Rick Snyder said many of the citys creditors arent sure theyll ever be repaid. This is the cover though of todays detroit free press. Its a pretty big headline and an optimistic one. It says a chance for a fresh start. Well, we certainly hope thats the case, but we dont know yet. Robert frank is reporting on how some may see opportunity now in detroit, of course, with the situation, but first, well start with Kayla Tausche on who the detroit bondholders are. Sue, Governor Snyder alluded to them but a lot of ink has been given to
Win streak, the best since june. Tenyear yield this morning as Mortgage Apps basically collapsed last week, refis down 20 and well keep an eye on the mix of red and green arrows today. This is the best start to september since 2010, as the president announces he will delay the vote on a military vote in syria and give diplomacy a try. Are investors giving up on apple . No big surprises at yesterdays event. No big deal announced yet with china mobile and shares falling in the premarket. And netflix share at an alltime high. The deal with virgin media could change the relationship between netflix and the cable company. The president last night laid out his case for a military strike on syria saying its in Americas National security interests to work with allies to put chemical weapons under control. My administration has tried diplomacy and sanctions, warnings and negotiations but chemical weapons were still used by the assad regime. However, the last few days weve seen some encouraging
Starts right now. Liz good afternoon, everybody. Im liz claman. The last hour of trading. The dow and s p are on a roll. Both on track to end higher for the fourth consecutive day. It may be the longest winning streak since back in april, april 30th, and the longest for the s p since may 15th. Two important things that were watching all our long. The nasdaq composite finishing above 3,500, here is where you see it right now, you can tell. If the nasdaq itself moves higher, that is what it will become a 3,500. Its highest close in nearly 13, not months but years. Well, on track for its Third Straight record close hitting a high. What is driving this so quickly . Investors are optimistic about the new earnings season. Alcoa, we saw this yesterday, the first member to report earnings and said a positive tone for the trading day because it beat the bottom line. This morning Wolverine World Wide reporting better than forecast earnings in the outlook shares of the big shoe conglomerate looki