We could see a meaningful selloff. Wonder if were not waiting for facebook and apple to kind of give some juice to some areas where people have concerns. Exactly. They will definitely have an impact on the market. Plus, were almost waiting, awaiting billionaire investor Warren Buffett to sit down live with our becky quick in new york city. This will be his first Public Comments about activist investor david win theers who has been critical of mr. Buffet and cocacola over executive compensation issues so stay tuned for that first on cnbc interview. Its the end of this luncheon that he hosts every year for charity, and somebody paid 1 million to have lunch with Warren Buffett today, so i can imagine they are getting their moneys worth right now. Why its gone longer than ever, right . Extra special dessert. Exactly. And after the bell it doesnt get much bigger than this when it comes to marketmoving earnings. First facebook and then apple. Both will hit about an hour from now. Both have h
Apple has its that were talking about. 17,000 and 2000. Some names ripping 230 on the big merck deal. Well talk about that coming up and big newsmaker interview coming up. Tyson ceo donny smith, thats right, hes breaking the bank and winning the bidding war for hillshire brands, paying a whopping 7. 8 billion for the maker of jimmy dean sausages, among others. Why was he willing to go that high . Well ask him about that and more in an exclusive interview. Thats a lot of pork. Also on closing bell exclusively Electronic Arts Ceo Andrew Wilson live ahead of the much anticipated e3 conference, making news at this hour as wilson tries to turn ea around. And buffeted by talks and Federal Reserve officials, the damage up as much as 45 points before turning briefly negative a few moments ago. Now its up about 12 points. Take a look at the nasdaq which is up about 8. Thats the one, again, where were seeing some support from some of the smaller momo quote, unquote names and the s p 500 adding s
States at a record pace. Are these unproven Companies Adding more risk to your mutual funds . We have all of that and more tonight on nightly Business Report for this monday, april 21st. Good evening, everyone. We hope your holidays were good and good is the word for stocks today. The dow and nasdaq and s p each ending higher for the second week in the row. Its the first time weve seen that this year. The blue stock volume with the year lightest and stocks did trade in the narrowest range of the year as well. The dow when all is said and done, up 40 points and s p up 27. Halliburton helped to push Prices Higher and profit reports lately have boosted stocks so far this earning season. But its early. This week, about a third of the s p 500 companies will report their latest quarterlies and dominic chu takes a look at what investors will be looking for. Reporter 11 companies will report earnings this week as well as 150 companies in the s p 500. Its going to be the busiest week of earning
Launched ipad mini has yet to hit stores. Still, apple sold nearly 27 million iphones during june throughseptember quarter, well more than expected. Experts say apples biggest problem was that it couldnt make enough iphones. Iphone 5 is going to continue to be an absolutely huge product. One thing iphone 5 has that the tablets dont is subsidies. Because iphone is sold be carriers, you can get that upfront price down to 199. Reporter as for ipad sales, they were a bit sluggish in the quarter. Thats because there was a bit of a pause in demand ahead of the tinier tablets release. Consumers bought 14 million ipads in the quarter, somewhat less than anticipated. Despite the companys solid quarter, there are concerns about growing competition. Thats as the era of apple dominating certain categories has passed. We used to say theres no tablet market, theres just an ipad market. Done, over. Amazon, google, on the second tier, people like barnes and a noble, samsung theres serious competition
Below 600 in afterhours trading. A rare earnings miss was the reason. The lower than expected numbers came just days after all the hoopla over apples launch of the new ipad mini. Apple earned 8. 67 a share, eight cents below estimates. Revenues came in higher than expected, almost 36 billion. On top of that earnings disappointment, the company gave a less rosy forecast for the future. Suzanne pratt takes a closer look. Reporter wall street called this a throwaway quarter for apple. After all, the iphone 5 was only available for one week during the period, and the newly launched ipad mini has yet to hit stores. Still, apple sold nearly 27 million iphones during june throughseptember quarter, well more than expected. Experts say apples biggest problem was that it couldnt make enough iphones. Iphone 5 is going to continue to be an absolutely huge product. One thing iphone 5 has that the tablets dont is subsidies. Because iphone is sold be carriers, you can get that upfront price down to 1