On the revenue side, it was a very small miss. It came in at 5. 93 billion, the estimate was for 5. 94 billion. Adjusted earnings per share 1. 54 again. Tom that is a lot of pizza. That is a lot of pizza at 5 00 p. M. Brendan i will show you the two numbers you need to know. Highspeed data net addition 172,000. Vonnie the estimate was for 98,000, so that is actually a beat. Brendan yep. Vonnie looking for the call to develop what management is thinking about, or charter and the measure. Tom there it is on time warner cable. We will get you started and go to the fed. First, our top headlines with vonnie quinn. Vonnie if that is dropping hints there is almost enough improvement in the job market to start raising Interest Rates. Policymakers arcs rising satisfaction with progress toward full employment. They say they need to see some additional gains before the first rate hikes since 2006. Economists surveyed by bloomberg expect to raise rates by september. The first big break in the sear
Morning for sara eisen i cant believe its almost the end of september how did that happen . I thought you were going to say the end of the week. The end of september. The 26th today i think of the year in quarters nonfinancial friends are like youre such a freak. Were such nerds. I like the end of a quarter brings Bank Earnings whole new slew of stats you get the end of the fall, which is hot at the moment, and christmas. So bring on q4 lets check in on the Global Market picture futures at this hour coming off the back of the day, slight declines for the dow and s p a big decline for the nasdaq it was a tech selloff yesterday when the s p the tech sector was down 2 . The nasdaq was down nearly 1 . Facebook the big decliner, down 4. 5 well come to that more later. Today, expect it to bounce back a bit, a point or two for the s p. 27 points for the dow, nasdaq higher by 7. 5. Tenyear treasury note, we have seen yields come back a bit from last weeks highs. We started pushing closer to th
Good morning very warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Sara eisen is off today. Lets get straight to the Global Market picture comes off a day of record closes and intraday high for the dow. It was only up 0. 3 . The s p up 0. 2 the nasdaq the laggard up just 0. 1 the dow is holding on to a bit of green this morning, which would be another record high potentially up 0. 1 points. The nasdaq down 4 or 5 points. Treasury board, we have seen yields slip a bit since the highs of last week we got close to 2. 4 last week, back down on the tenyear to 2. 34, 2. 35 . That slippage did hurt the dollar a bit yesterday asian equities, the japanese nikkei closing at a record why not seen since prethe Asian Financial crisis, december 1996. This is a fresh high for the nikkei since then. Its take an long time to get back up to that level. One forgets way back to the Asian Financial crisis up 0. 3 or so today. Hong kong down shanghai up. Australia the leader of the pack lets lo
So, he trusted them too much, it turned out. Sunday night at 8 00 eastern on cspans q a. Next, economic scholars and banking experts discuss Monetary Policy and the impact of past Federal Reserve actions on small and large Financial Institutions. This was held by the American Enterprise institute. Its about an hour and 45 minutes. Good morning and welcome to the American Enterprise institute. This morning we have a very interesting policy session entitled how has a decade of extreme Monetary Policy changed the Banking System . Weve assembled a panel of experts, who well introduce you to in a minute. But before that, let me just set the stage here. As you all know, the financial crisis changed the Banking System. The resolutions that happened in the crisis integrated commercial and Investment Banking like never before. These resolutions created todays too big to fail institutions. The crisis led to greatly expanded fed emergency liquidity support. The fed became the lender of first reso
Institutions. The crisis led to greatly expanded fed emergency liquid support t. Became the lender of first resort instead of the last resort. The Congress Passed the doddfrank act to extend the federal governments post tarp control over the system t. Ga. It gave regulators extensive new powers over the defense system. The slow recovery triggered fed qe stimulus which created massive Bank Reserves which required new fed operating procedures. So this morning were going to discuss all these changes with a panel of experts. And instead of me introducing a panel of experts, im going to introduce our moderator of the panel. Alex j. Pollack is a distinguished senior fellow oh art street institute. Alex was previous lly a residen fellow at aei and at the Home Loan Bank of chicago. Alex is a recognized authority on financial policy issues including financial cycles, government sponsored enterprises, housing finance, banking, central banking, uncertainty and risk, retirement finance, Corporate