The ibex on the flipside is weaker. Political unrest in spain. Ahead of the ecb meeting, here is where we are stacking up. 43 basis points. Gold at a low. Ecbd says david the will hold its policy meeting where mario draghi is expected to announce tapering decisions. Now, lets get an update on what is making headlines. Taylor shinzo abe gambled on early elections and won. That boosts his chances of winning another term. That could make him the longestserving leader. Investors responded. The increased role in the counterterrorism policy. The cia has increased operations in afghanistan. Joining to hunt and kill the taliban. Spanish authorities have rejected a call for negotiations. Day, i ams 24 hours a taylor riggs. Messy politics in spain will be the backdrop for the meeting. The theme is lower the amount and extend the bond buying program. From london, i want to get your take from the unrest we have seen from spain. Does it influence the ecb at all . At the moment, it will not be a key
The underperformer over in europe is Deutsche Bank hit. Again. E is down we are at a twoyear low. It is the opposite for copper trading at a twoyear high. The vix is a lower again. That is the wrap of the market. Now twitter earnings are crossing the wire. Jonathan Quarterly Earnings helping by video advertising even as the social Network Field to add any new monthly losers and thus dock is down. Second Quarter Sales fell 4. 7 to 573. 9r earlier million and that beat the average estimate of 537 million. Alix this is a big deal. A big question is can a growth continue . The answer from the Second Quarter is no, no second monthly quarter growth. And putl be rough twitter in a difficult position. Not be surprised and that is the number they focus on top that is what they care about. Butthan revenue was ok user growth is why it is getting punished in the premarket. Up on this green for you this is how we trade. Down by three full percentage points. The revenue to beat, user growth is a mes
0. 19 , nasdaq declining 0. 44 today. Ominous. Now, look, only in a bull market of Epic Proportions would we even think of asking such questions. Selloffs are a natural occurrence, and if they never happen, guess what. We wouldnt be so fixated on dow 20,000. Weve been fixated on dow 200,000. Of course that doesnt mean theres no reason for the decline or that we can ignore it. So lets go there. Lets explore whats sending us lower so we can figure out whether this is a simple garden variety profit taking move or something more significant that we actually need to worry about. First when disseconding any down tape, i like to ask myself which is the Leadership Group that was most bearish . Today it was retail. The standout negative narrative, the nasty miss by bed, bath, and beyond, a general merchandiser with a home emphasis that missed its projections by a mile, earning 85 cents when the street was looking for 98 cents. Negative 1. 4 samestore sales, much lower than the gain people were
The dow gains 67 points, closing over 19,000 for the first time ever. The s p advancing. 22 and the nasdaq climbing. 33. We always hear about beats but what do they really mean . Whats a great one . What really impacts the stock . What moves it. Take out a pen and paper and lets do some learning. The best kind of beat, the quarter we got today from Burlington Stores. Here is a discount clothing chain that has a track record of blowing the numbers and raising its forecast with the analysts aggressively following along. These kind of situations can be dangerous. After a while, the analysts want to get ahead of the up side surprises to make sure the company isnt manufacturing the goodness, the expectations. When burling reported this morning, it was astonishing. Wall street was expecting them to earn 33 cents. They earned 51 cents. They had a fan it is tick same store sales number. The ceo said our consistent performance continues to demonstrate the on going success of our initiatives to
Nasdaq climbing. 33. We always hear about beats but what do they really mean . Whats a great one . What really impacts the stock . What moves it. Take out a pen and paper and lets do some learning. The best kind of beat, the quarter we got today from Burlington Stores. Here is a discount clothing chain that has a track record of blowing the numbers and raising its forecast with the analysts aggressively following along. These kind of situations can be dangerous. After a while, the analysts want to get ahead of the up side surprises to make sure the company isnt manufacturing the goodness, the expectations. When burlington reported this morning, it was astonishing. Wall street was expecting them to earn 33 cents. They earned 51 cents. They had a fan it is tick same store sales number. Demonstrate the on going success of our initiatives to elevate our offprice model. Our focus to provide our customers with compelling assortments leads to another quarter of increased store traffic. We bel