Coming in better than estimated at 18 billion, adjusted earnings coming in at a beat as well. To thears adjusted high, crushing estimates. That stock is up now by 7 10 of 1 . Going to be interesting to see the commentary on the call as well. Guy we were watching david we were watching ups particularly because they are sensitive to Global Growth and trade flows. The fact they did so well is really encouraging. Ceo atspeak with the ups the noon hour on balance of power. We have General Dynamics out with earnings, which i have to get up. Yeah, let me see. I can say that glasgow is out, and they raised estimates. David General Dynamics earning per share, 2. 77. Theres a nice beat there. Revenue was 9. 6 billion compared to 9. 3 billion estimate. This is a continuation of what we are seeing in some of the Defense Sector stocks. The Government Spending a lot of money. Northrop grumman out earlier, and the stock seems to be doing well on its earnings. It is up about three quarters of 1 in pre
Rising in yield, around five basis points. 4. 1522 is your spot. Oil adding . 72 a barrel to 83. 52. What are you watching . Jon the bullish commentary from the iea which is helping oil and energy stocks. You have seen green in things like also dental. But you do have the underlying we this in technology and heavyweights like nvidia now under pressure for the first day in a row. Then we have corporate stories we continue to track. Ubs is moving away from Government Support as part of the Credit Suisse after transaction which has sat well with investors globally with ubs at this hour of 5 . Now, we talked about the big deal between espn and 10 and penn. They shifted from barstool. David portnoy will be taking over again. Matt interesting move as well as ubs. Lets switch to hawaii. Rescue crews and aid on the way to lahaina, hawaii where wildfires killed at least 55 people and 7000 people remain unaccounted for. Lets bring in the associated administrative constructor. First of all, what
Maria welcome back. Good wednesday morning. Thanks very much for joining us this morning. I hope you are having a good morning. I am maria bartiromo, wednesday, february 28, 8 00 a. M. On the button east coast, time for hot topic of the hour texas residents fleeing effects of wideopen border the danger it poses on their communities, many are calling on President Biden important slicing ahead of his visit tomorrow leah hugh live in brownsville where the president will be tomorrow good morning. Good morning, maria. That is right the border is certainly an issue that the residents of brownsville texas understood and live all too well they say a visit from President Biden, this week, is just too little too late, it was just last year that migrants hovered thousands through Processing Center behind me two days ago, those numbers down to only 12, the Processing Center quiet, sources tell us that borrowed krfgs still happen just not happening here in brownsville to the same degree migrants sh
Cloud revenue is pressuring the stock. Top gainer on the s p. It is the rise of generative ai. A wider than expected stop. Lets get to the tech giants in the battle over ai. Despite the top and bottom line, the low consensus, they are optimizing their spend. When i first got in the business, there were grants that i thought should be terrible. It never rained on the target site. David, they were not optimizing. Is because they are ai offerings. I want to make sure that i understand it as well. There are services that they want to spend more. Google and amazon are happy to say that the threeyear deal, paid over the 40s. It is bring the Growth Numbers on for me. There is some skepticism about the growth of azure. Azure is a great juggernaut of this moment. They are the called pilot of infinity. It is used to help you be more productive. You feel like you are firing people, it the opposite. It is more money being made so you can hire more people and be better. David, some of the worst sha
Future of this onetime pandemic darling. And later, sales of Novo Nordisks wegovy more than doubled, but the possibility of increased competition putting pressure on the stock today. Can the company tip the scales in its favor well go inside the numbers. Im melissa lee, coming to you live from studio b at the nasdaq on the desk tonight courtney garcia, karen finerman, dan nathan and guy adami. Start with apple 110 billion buyback, eclipsing the previous record set by apple in september of 83 billion. That weighing a 10 drop in iphone sales sharing are soaring 7 , adding 200 billion to the companys market cap the Conference Call just kicking off at the top of the hour Steve Kovachs got all the details. Hey, steve hey, melissa. So, yeah, top and bottom line beats for apple. And let me go over the other numbers here that are really driving the stock up higher. The dividend increase, up to 25 cents a share now. And like weve been talking about, the biggest buyback ever in corporate history