Beating consensus, short of expectations, but cook says hes not worried. Microsoft missing consensus. Saying the dpaen is still in the midst of a bold and disciplined effort to focus business. Boeing and delta beat expectations, deltas ceo on this network this morning commenting on the middle east. Pepsi came in on a streak despite a decline in carbonated drink sales. Apple had earnings of 1. 28, a nickel above. Just shy of consensus. Ipad sales came in low of expectations, same for the current quarter, and last night, tim cook spoke about sales on the Conference Call. Sales met the expectations, but they did not meet yours. Our sales were gated in part by channel inventory and market softness in certain parts of the world. Two consecutive quarters up double digits, 12. 7 this time, down 9, and two years ago, ipads up 9300 . Right. I want to call this is transition story. We watch tv shows, we watch them on this series, like, that goes on, say 13, 14 show, and theres an episode where n
The 17,000 mark, we should add. Pressure across the other indexes as well. The s p 500 up almost 10 points to 1,978 aramafteramaicing new this week. And remember, amazon is about 13 of the nasdaq 100. Lets get more on what was wrong with visa and its responsibility for a lot of the dows decline today. Heres Mary Thompson with that story. Mary . Hey, there, bill. Visa is off the lows of the session, but the Payments Processing giants stock is the biggest loser among the dow 30, this after the company lowered its revenue forecast for the full year. The strong dollar and decline in crossborder payments revenue, payments made in one country and used in another, behind the lowered outlook. The crossborder business impacted by unrest in the ukraine and rising political tensions with russia. Heres cfo Byron Pollitt on yesterdays Conference Call. We see no signs yet of any acceleration in economic recovery and crossborder volume growth remains soft in the midsingle digits. Visa earned betterth
The president s, and maybe the geopolitical tensions and more sanctions against russia. Whatever, the day sure felt ominous. The s p giving up. 48 and the nasdaq dropping half a percent. Giving that the marks have turned treacherous here, whats the game plan . I think we have to raise a little cash to handle this newly punishingen viern am. You know ive been saying dont put new money in. Im tepid here. Many companies are reporting pretty decent numbers and not being rewarded for their efforts like starbucks today. I have to tell you that makes me uncomfortable. For example, next week we hear from cummins, cmi. Its one of americas greatest industrial manufacturers, columbus, indiana. Fantastic. My Charitable Trust which you can follow on Charitable Trust opinion com, but you know what . We took profits this week after caterpillar which has a similar profile got hit when it reported a decent number. I like cummins much more than cap, but i dont like the action that buyers have begun to r
Bull market continues right now, kelly. I think the up love is turning into hate as people continue to watch and try to figure out what to do next. Thats the kind of question well pose to people. Bill, a lot of people focus on the fact its not just stocks, its also gas prices looking here in the case of gas prices sixyear highs for the fourth of july travel season its an important one. Its not all quite coming up roses. Thats for sure. Lets bring our Closing Bell Exchange in. We have a busy couple of hours lined up here. Arob gibbs is with us, mark teper, todd salimony, todd liden from Global Investment trains and our own rick san tellie. Todd, youre bullish in part because it is a relatively unloved bull market, isnt it . It is despite what weve been reading in various newspapers, blogs, a lot of strategists and Market Participant also tell you theres a lot of complacency in the market. Were looking at the volatility init exto come to that conclusion. Well argue with historical volati
So were watching that closely. Take a look at the tenyear note yield, which this morning is down to 249, below 250. Well talk about that as well today. As for europe, heres how the picture is setting up. Mostly red on the board for the most part except for spain is in the green, one of the few bright spots over there. Our road map starts this morning with amazon shares, down sharply premarket after posting a wider than expected loss, while continuing to spend on new products and technology. Starbucks beating the street. A live and exclusive interview with Ceo Howard Schultz coming up. In another exclusive interview with cnbc, president obama weighing in on Companies Looking to cut their tax bills with overseas deals. And visa falling premarket. Were going to explain why. How about amazon . Reporting a much wider than expected Second Quarter loss of 27 cents a share. This as the Company Continues to spend on new services, technology and products. Amazon predicting further losses in the