Futures meantime okay. 10year yields not moving a whole lot and may not until we get the fed statement tomorrow. Our road map begins with apple, profit and revenue did beat the street last night but margins are below expectations. Sears has considered breaking off its lands end and sears auto businesses. Facebook looking for the social marketing revolution. And nbc reporting the Obama Administration knew millions would not be able to keep their Health Insurance under the new Affordable Care act. First up, though, apple did beat the street last night with its fiscal Fourth Quarter numbers. Profits fell, growth margins slid among heightened competition, despite the sale of 40 million iphones for the quarter. They see revenues 55 billion to 55 billion. Heres what ceo tim cook had to say last night on apples conference call. If terms of supply, into the quarter with a very significant backlog. However, our supply is building each week. In terms of the retina or the ipad mini where the resi
Teeters on the brink. Fresh reports of fighting in the east of the country as russia flows have accelerated in the third quarter. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Hello. Im seema mody. Coming up on todays show, we ask one of europes most experienced managers why hes giving up on politics. Plus, few high profile interviews from londons fashion week. We hear from bur burys ceo and the first lady of fashion, anna windsor. And we talk to business, a celebrity endorsement. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Welcome to worldwide exchange. What a busy day on the nasdaq yesterday. We saw the worst day since the month of july. And the big question is, is it really just clearing the dex ahead of the alibaba deal or is it a bigger sense cautioning the market ahead of the meeting and maybe exhaustion in the market as people want to take profit . A lot of people pointing to this
Looking, they are by no means on a preset course. David remember those jumps in rates over the past couple of months . They had their effect on housing. Housing starts fell 9. 9 in june to the lowest level since august last year. The drop was led by a big slide in apartment building. Liz okay. According to published reports google has approached Media Companies about licensing its content for an Internet Tv Service that would stream traditional tv programing. Intel and sony are both working on similar plans. David a federal judge has ruled the u. S. Government can pursue its 5 billion civil lawsuit against standard poors. It accuses s p opened by ma grawe hill by deceiving investors by increasing credit ratings. Liz gold fall about 13 to settle at 1277 a troy ounce. The first loss in three sessions for gold. After the bell starts right now. Liz lets get right to todays action. Lee munson, portfolio llc founder and chief investment officer. Lee says, dont fear the fed tapering, dive in.
To the false statement cohen made before congress in 2017. Cohen handed over the new documents to help explain his public testimony last week. He told lawmakers one of mr. Trumps lawyers had a hand in editing that false statement. These and other rev layings could give ammunition to republicans attacking his credibili credibility. Manu raju has more. Reporter Michael Cohen delivering a second day of testimony. And the big question democrats had going into the hearing was whether the president s attorneys were involved in editing that false statement that he delivered to congress back in 2017. Back then in a classified setting he lied and later acknowledged lying to the committee about the pursuit of the trump tower moscow project. And he also said that trumps attorneys edited that statement. There were changes made, additions. Jay sekulow for one. Were there changes about the timing . The gentlemans time has expired. You may answer that question. There were several changes made includi
Serves this country. I plan to beat the low survival rate sticks. Alex trebek diagnosed with stage information pancreatic cancer, but he says he is not going anywhere anytime soon. Really wish him well. One of the alltime greats. Welcome to early start. It is thursday, march 7, exactly 4 00 a. M. In the east. Lets begin here. After 30 hours, over four days, Michael Cohens testimony to congress is over for now. Three major revelations emerging. First, sources tell cnn President Trumps former lawyer and fixer provided documents to the house intelligence committee, they show edits made to the false statement cohen made before congress in 2017. Cohen handed over the new documents to help explain his public testimony last week. He told lawmakers one of mr. Trump hes lawye trumps lawyers had a hand in editing that false statement. Manu raju has more. Reporter Michael Cohen delivering a second day of testimo testimony. And the big question democrats mad going into the hearing was whether the