The dow. It accounted for about 74 points of the declines of the dow that came after we heard from jeff bezos, Warren Buffett and jamie dimon that they will try to take on healthcare on their own. The reaction from healthcare was swift and serious. This morning, though, green arrows across the board. The more you talked to people yesterday who tried to understand what they were doing, i think the selloff may have been too far i spoke with ana gupte who was on with us, she had time to digest it. She said this is a buying opportunity. Anything that happens will take years. If will tait will take a lone what i did hear a lot of yesterday is other ceos looking at what theyre doing and saying we should do this, not necessarily to gang up on this. But looking to cut their own costs. The question the bigger the pool you get, the more complicated it gets. You could see the whole Business Roundtable deciding were going in together as a collective. You have younger workers this gets interesting.
Yu Lieutenant Governor stanford. It is a pleasure serving with you, appreciate all that you are doing, and appreciate the fact you are staying so close to your kids. I cant even get through the first line. This guy is amazing as a dad, a partner, former cfo, he is exactly what the state needs it is a key part of what we have gotten done as well. [applause] governing is a team effort and there are three branches of government and we are well represented here today. We have four of the five Supreme Court justices that serve our state here today including the chief justice, longestserving justice in the history of north dakota but lets honor our judicial court, if you guys could stand to be recognized. [applause] and we have a fabulous turn out of state legislators hear from across the state, they have different from all over, these people serve all of you, not just when they are in session but all year round so if we could have all our state senators and representatives today please stan
Welcome to countdown. Im anna edwards. 6 00 in the morning this tuesday. Lets start with the oil story. Two things to talk about we are back in a bear market once again and we will come to that chart in just a moment. Statoil is the other thing major oil is reporting numbers. Secondquarter adjusted net income is coming in at 7. 2 billion norwegian krone, ahead of the estimate. The net income bottom line number looks much better than markets were looking for. We will get further into the dividend story as we go through the morning because that could be some interesting stories. Q2 sales once again above the estimate. They are talking about how much of an impact the Maintenance Cost are having on the business in the 2015 number they talk about maintenance being 45 Million Barrels per day. It is in line with the overall 2015 trend, what they expect to see in the Third Quarter. They also say they will declare a Quarterly Dividend in u. S. Dollars from the Second Quarter. Plots to talk abou
Ugly off 8 1 2 . Is the selling fully chinarelated here in the u. S. Or ocould there be something else, something bigger and deeper perhaps, guy . Lets start with you. Tim talking about china, i think it has a lot to do with china. When the markets down 8 on top of the moves weve seen over the last couple of months it has to have something to do with that but i also think its somewhat technical in nature. I think earnings have a lot to do with it. I think earnings have been okay but i think the chasm between eps and revenue continues to grow. I think technically the markets done everything right until last week when we traded back up, tested you willtime highs, seemingly failed, had an outside week in the s p without getting too wonky, now were going to test again those lows we saw last week or so, 2042. If it holds there, off to the races. If it fails we have to have another conversation quickly. The russell, the iwm, 121 has been the level, closed lower today for the first time in a
The companys outlook misses analysts views. Shares of the chinese internet nosediving after hours. Twitter, the temporary Ceo Jack Dorsey under pressure as user growth could fall short again. It was an ugly day on wall street yesterday with the dow, s p, and nasdaq ending lower, a lot of it having to cowith mixed earnings. Keep in mind of the companies who have reported earnings, 76 have reported its above the mean estimate. Taking a look at futures, were in for a potential rebound. The dow up about 17 points in premarket trade. If you take a look at the u. S. Close, yes, i as i just told you stocks ending lower on monday. The dow jones at 17,440. The s p 500 dipping below its twoday moving average. Not a great sign for technicals about 0. 6 and the dmakz which has been powered by four main stocks, some of those momentum and high Growth Stocks coming off their high os testify day including social media and twitter, losing 2. 3 . We saw the nasdaq moving lower by around 1 . Ale though s