The classic sell on the news and its not selling all that much on the news. No, and i dont think any of us were calling for a big selloff. I just thought that going into the event, judge, if you could sell at the money calls which i did at 160, at 162 and 164 you would have a cushion do we get into the 150s, could, maybe even the low 150s but im not calling for a 5 , 10 selloff. Im saying its going to be a flat period while we wait for the first phones to make it to market last two days of the quarter really even as, you know, gene munster was calling for a bigger pullback and even some of the things that linked out aday ahead werent even factual so we should have put a caveat out in the first place. Every time they have launched a product theres been an overreaction of what the stock has done in the aftermath of the launch is wall street saying they dont think its a good phone or they are not innovating anymore, et cetera, and i actually got so sick of listening to that as somebody wh
Slowed. Nat dak off by 1. 5 . Last week, a pretty good week for the markets, dow was up by 66 points for the week. Nasdaq was up by 1. 4 . If you look overnight in asia, nikkei, 0. 4 . And kospi up 0. 34 . Markets in Mainland China were closed. The european equities, the dax is off. Off by 0. 4 . Market is flat in france and london as well. A couple other big stories were watching today. Weve got a lot. On the economic calendar, the ism. Auto sales. Tomorrow, factory orders and the paychecks Small Business jobs index comes out. Wednesday, the adp employment record, ism Services Reports and fed minutes. Thursday, weekly jobless claims, friday, wholesale trade numbers and march jobs report. There are a few names of earnings this week, monsanto, walgreens, boots alliance, young china, beth, bath and beyond and constellation. And on the wall street journal, trio of fed officials speaking today. Bill dudley holds a press briefly at 10 30. Philly president Patrick Harker speaking about finte
Im mark crumpton. Im emily chang and this is bloomberg west. Theill hear directly about future of yahoo from marissa mayer. I asked her whether the company is really up for sale. Gopro tanking again. Sales forecast coming in way below estimates. Can gopro get its mojo back . And a changing of the guard at cbs. Sumner redstone steps down. We will discuss. First to the lead, gopro shares plunged in extended trading. Investors focused on the Sales Guidance coming in way below estimates. Firstquarter revenue between 160 million and 180 Million Dollars compared to 287 minute dollars and estimates. The company is also playing the cfo with ryan mcgee from qualcomm. It slashed the price twice since its debut in july. What is next for the company to do . Is bob mcdonnell. Thank you for joining us. What went so wrong at gopro . The problem youve got is this is a company thats been trying to promote themselves originally as a Media Company and as a bigger vision player. People have recognized its
Sources say that Jefferies Group cut numbers at its income meeting. Focusing on products and mortgages. Because of the energy well, some of those cuts earned bonuses last week. Those of the headlines from bloomberg news. Lets take a look out the asiapacific is looking right now. During the lunch break, this is how other markets are trading right now. Shanghai is up half a percent. Time for bloomberg west. Coming up, we hear directly from mercer mayer about yahoo. I ask her about her turnarounds strategy and whether the company is up for sale. Gopro is thinking again. Back . It get its mojo is a changing of the guard. Biggest challenges for the successor of nbc. First to the lead, gopro shares plunged in extended trading. Investors focused on the Sales Guidance coming in way below estimates. Firstquarter revenue between 160 million and 180 Million Dollars compared to 287 minute dollars and estimates. Million the company is also playing the cfo with ryan mcgee from qualcomm. It slashed t
And shop and dont want to bring your bags on the train, Tysons Corner mall will deliver your bags to your house for 5 bucks. You have to live within a tenmile radius to get that offer. Reporting live in tyson, adam tuss, news4. Thanks, adam. The fight broke out at the westfield annapolis mall and caused panic a couple hours ago. Sparked some rumors that shootings were going on twitter. Police have said there was no gunfire at all. You can see how packed the parking lot is there. Chopper 4 was flying over the mall and police say this appears to have been started with a fight involving some young people. Over the district, crowds of protesters swarmed the front of the walmart on h street today. Workers striking for higher wages, demanding 15 an hour. This was one of 1600 protests in Stores Across the country, including maryland and virginia. Walmart says its unfortunate the group is trying to disrupt the holiday spirit for their own agenda. A lot of black friday shoppers out today at Mon