Issued a profit forecast that missed estimates. The company is being hit hard by a slumping pc business and its revenue in personal systems dropping 13 yearoveryear. Total revenue declined 8 from this quarter last year. What are we learning about hp as to split in two . Cory johnson is here with me and we also have idc chief Research Officer crawford del prete. Crawford, let me start with you. What do you think about hps results . Disappointing, but is there a Silver Lining . Crawford these results were mixed. If you start digging into these results, you do see some areas where company clearly has issues. They saw a pause in pc demand, particularly on the consumer side, down 22 . We expected that in terms of people waiting for windows 10. However, if you dig into the enterprise group, there they saw significant improvement, if you will, in storage and steady demand, or improved demand, for their industrystandard servers being up 8 . What jumped out at me is that Enterprise Services has
Katrina pierson, of the Trump Campaign responds. And the price of an epipen is spiking. Why this is essential life or death drug for children and adults is up 400 . David wow, that is incredible. First we go back to the markets. The dow inching deeper into the red with apple, Johnson Johnson and disney among todays biggest drags. Oil is getting slammed today. Phil flynn, price futures, bringing action from cme. Adam shapiro is on floor of new york stock exchange. We saw a big merger monday deal, right . 14 billion should bring a smile to the fails of some investors. Pfizer buying medivation, they make a cancer fighting drug. I wont pronounce this correctly. Both stocks are up. Pfizer down slightly but medivation up quite a bit as you see. At one point high as 20 . Take a look at facebook because barrons on sunday had a report they could potentially see that stock go up about the 20 more because they havent finished figuring out how they will make all the money from mobile. Remember two
We get a taste of our own medicine now. Ms. Ryan please dont hurt us. Ms. Parsons why dont we start with you . Good morning. Ms. Parsons good morning. Lineup. I just want to thank you guys for coming out this morning and talking. m interning a lot of the Republican Debate a few days ago was taste around the Mainstream Media being an extension of the Democratic Party based around the Mainstream Media being an extension of the Democratic Party. I just wondered if you support or debunk that theory. Great question. Ive been thinking about a lot since that debate. People alwayst of want to come up swinging at the media. There are some people who put opinion with act with fact, but for many of us in the white house, we definitely get all the sources, not one or two do. Definitely. Fact it may be something you dont like, but we put the fact out there. About the media all they want, but they are the first ones looking to the media to find out what is going on in this country. It is a doubleedg
Good evening everybody. Happy friday. Before we begin, let me begin with a short readout. The president spoke today by telephone with the iraqi Prime Minister to discuss the situation in iraq and underscore the United States and during support in iraq against isis. The president commended recent progress forces have made and noted that the United States in partnership with the Iraqi Government will intensify support in these efforts. The president also voiced support for Prime Ministers leadership in battling corruption and reforms. Critical to promote promoting iraqs progress. The two leaders in for size to that both the United States and iraq are fully committed to partnering with the International Community to degrade and ultimately destroy isil. They also reaffirm their commitment to the Strategic Partnership between the United States and iraq. This is part of the discussion part of this discussion was some of the efforts that the United States will begin to undertake to intensify
Happy friday. Welcome to squawk alley. Kayla, myself at post nine. John is off today. Also joining us, cara swisher at re code. Good morning, kara. The ceo of blackberry, john chen will join us. First, a bit of a friday selloff to accompany the thursday selloff. The worst two days for the dow since the beginning of september. Bob pasani is on the floor. Bob. This is a slightly different feel to it than this week. Remember, we have been slaves to the oil market. Its been oil thats been a mover of the stock market this week. This is a little bit different today. Take a look at the s p 500. We started on the weak side, and basically just drifted lower all throughout the day. Remember this is an expiration date. The volume is heavier than normal. In fact, that is not bringing down the market. Whats interesting here is financials are weak. Remember something. If the expectations are for lower rate less number of rate hikes, less chance for yield curves staep steepening. Financials might hav