Mcdonalds. Both moving lower in the premarket with another chipotle. Another blowout quarter. Apple beats on the top and bottom line. More ipads sold, fewer i pads. We have dow components. Its not just an earnings story. Futures rising with chinese Economic Data and reports of stimulus measures in europe moving markets overnight. Cocacola did report Third Quarter operating earnings 53 cents a share, in line with estimates. Soda volumes did come in flat. Coke sees currency head winds affecting fullyear profits, announcing a costcutting program and achieving 3 billion in annual savings by 2019. The dollar, a sevenpoint head wind in q4. Thats the high end of expectations. North american down a quarter. Down 1 . Sparkling down net Single Digits and still down low Single Digits europe, latin america. A little bit better. Its a ghastly quarter. When people tell me there is a big mac row challenge to soft drink, i get uncomfortable. Why . You are not supposed to stop drinking soda. Soda is li
Some of things that hes able to do, you cannot, including getting and using information that some some would say is insider information. Is the market free and fair or not . We will explain it and fight it out coming up. My partner ty is out today, so simon is my partner down at the new york stock exchange. Hi, simon. Hi, sue. A lot of peaks and valleys. As you said were down so far. Seema mody is in times square as we start this hour with more on the stocks that quite frankly have taken everyone for a ride. Lets talk about whats been happening with the nasdaq. Even after six days of wins, the nasdaq has only regained about half of the 8 it lost since its march peak. So a lot of the family names we talk a lot about, often thought of as leading indicators have gained the most leading this bounce back. Are these the tea leaves that its back to the good old time for the nasdaq . Not so fast say the trader and investors ive been talking to. In fact theyve been giving me mixed reaction. Fir
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
Construction, wholesaling and retailing. The latest number is 111. 2. This is higher than forecast. The market was around about 110. 5. The number is certainly improving. This after that drop that we saw back in march. 110. 7 is what we had. The pull back was related to the sanctions and also in relation to a strong number in february. Some people thought this was a natural correction that was starting to happen. Efo says theres no revision to that march number as well. This has been the reaction in euro dollar, a positive tick higher for the currency. Theres a key speech coming up later today by mario draghi which could further move the currency today. Alston shares are soaring despite the company denying reports that General Electric is seeking to acquire the firm for 13 billion. A spokes pernl says alston is, quote, not informed of any public offer for their the firm the firms sh bouygues is also up 4 . Lets go out to stephan. They are not aware of any offer, however, it doesnt say
And Warren Buffett, lets move on to him. Warren and the boards. Well, i voted for compensation plans that i havent agreed with. Ive even sort of muttered a yes on some mergers that i didnt think made sense. It happens. If Warren Buffett with all his money, power, influence, cant say no to a board or to a management, can anyone . Are these boards worth it or have they become yes men and yes women . First, though, lets talk with this and more with sue in the house today. I sure am, ty. Good to see you. Were going to start with apple. A lot to talk talk obviously. Up better man 8 now. See that spike in its a nice one if youre long that stock. Announcing that split. How stocks that have done splits historically speaking are going to do in the future. Well talk about that in a second. First, out to josh lipton on apples lifeblood which is product line. Apple earnings released, some fears raced new ones. Apple told us it shipped 43. 7 million iphones, that was more than the street expected.