Capitol Hill Facebook hashares down 10 in te past three months. The risks facing the stock all in on apple. Two big price hikes. One, a new street high its our call of the day microsoft earnings after the bell the stock outperforming all the fangs over the past one year the traders take their positions. Halftime report starts right now. Good to have you with us on this wednesday our investment committee, joe, stephanie, the brothers najarian were going to monofacebook. A hearing going on on the hill there mr. Zuckerberg another big dayfor earnings steph, you own caterpillar missed they cut guidance. China story. This is b about weak demand in china . Well, it is, but nothing theyve said today was surprising and if you look at the sell and buy side, earnings estimates, theyre around 11 so the midpoint rath eer is about 10 48 so its not that much off. They destock 1. 2 billion of invenntory in a years time. I like the risk reward and the stock reaction is telling you everything you need
Liz is out today but we have breaking news to begin with, fox news is reporting that hamas has released to elderly israeli women both being a poor health, of course we are following all of this and more on the latest developments coming up in the show out of the middle east. Markets right now are pretty mixed with the choppy trading session. S p and nasdaq up slightly, then affect doing better the dow down slightly, all of this as republicans reconvene to discuss potential speaker candidates later today. Again, jointed us with the very latest in the soap opera is chad pergram, good afternoon. Good afternoon, republicans meet tonight again for another Candidate Forum for speaker, nine republicans vying for the job, they are names youve heard of like House Majority whip tom emmer and Byron Donalds but also backbenchers to jack bergman in dan meuser. Everyone on that list would make a good speaker but i bring a lot of experience to this and a lot of time the private sector and the revenue
Throughout the hour. Other news, google, bright spot in todays tape. Not everybody is happy about the tech giants restructuring and changing the Holding Companys name to alphabet. We have someone who says these actions will come at the shareholders expense. He happens to be one of those shareholders and hell explain what hes talking about, coming up. As those shares still up 4 . A rare green spot in the session today. Yes. Cyber security meets insider trading. We have the details on charges against nine people allegedly involved in a multimillion dollar hacking scheme, coming up as well. That is huge. That is a huge case. We start first with the chinese currency being devalued by nearly 2 officially. The markets have done otherwise. That move from the peoples bank of china sparking todays global selloff of ek quities and commodities. Mark chandler, welcome to you. Walk us through the impact how will this cascade throughout the Global Financial system . A lot of uncertainty. We make a d
This is nightly Business Report with deal tyler mathisen, and susie gharib. Brought to you by street. Com, our dividend stock adviser guides and helps to generate income during the period of low interest rates. We are the street. Com. Apple shines but not enough to stir investors. Why, and what is ahead. Slamming the brakes, some of the top selling cars in the u. S. Are no longer being recommended by Consumer Reports 6789 well tell you why and which cars are on the list. No love for apple tonight, the company said it apple shares fell more than 2 in the after hours trading, apple earned 28 a share, more than 28 cents expected. On those results. So john, seems like there was a disconnect between what apple reported. How shall thing a little bit of a decision connect. It has been on quite a run, as far as the Gross Margins go, on the conference call, apple managed to say there were a few things here, lower priced ipod, which is a pretty good level, well have to see how the new ipads are
This is nightly Business Report with deal tyler mathisen, and susie gharib. Brought to you by street. Com, our dividend stock adviser guides and helps to generate income during the period of low interest rates. We are the street. Com. Apple shines but not enough to stir investors. Why, and what is ahead. Slamming the brakes, some of the top selling cars in the u. S. Are no longer being recommended by Consumer Reports 6789 well tell you why and which cars are on the list. No love for apple tonight, the company said it apple shares fell more than 2 in the after hours trading, apple earned 28 a share, more than 28 cents expected. On those results. So john, seems like there was a disconnect between what apple reported. How shall thing a little bit of a decision connect. It has been on quite a run, as far as the Gross Margins go, on the conference call, apple managed to say there were a few things here, lower priced ipod, which is a pretty good level, well have to see how the new ipads are