Plunge half their val ru a positive surprise from china where exports and imports were much less than expected in march. U. S. Bank stocks mark their first negative session in five as jp morgan kicks off earnings season with investors anxious to find out exactly how these banks have been impacted by coronavirus. This is a look at european stock markets are trading. Dont forget theyve been closed for the long easter weekend. We saw the look out of china export and import numbers. Expecting a plunge of 14 only down 6. 6 . Still a steel fall but much better than anticipated. Thats been paused for the reopening of european markets. Talk about when well start to see the easing of lockdowns. Europe starting to layout plans. That is really starting to help out. We are still witnessing a little red ink at this stage. The other big catalyst is landmark and the Production Cut of oil it has been a slight increase this morning it certainly didnt move the needle on the spot as anticipated. These ma
Aspirations. Guys. E halal its earnings. Ith quarterly profit rose to 7. 75 billion. The jump in iphone sales making up for the drop in ipads. Microsoft out with its earnings after the close. Office fell shy of estimates. Half it down by the acquisition of nokias handset business. And herbalife sides shares rise getting more than 25 as the lachman failed to contest ackman failedll to convince investors there was fraud. Cory johnson joins us from san francisco. Lets go through microsoft. How did the Company Performed during the quarter . Gross margins slipped but we have seen that going on for the past couple of months. We were talking about the surface. I was just asking. Spent. Million somebody out there is buying a lot of surfaces. Maybe validating the surface team we will slope will file later. How much . 409 million. A lot of money to develop things like the surface and the xbox and a lot of software. Talk about the profit margins. They are declining. As the business shifts to a di
International franchise. Lets get headlines from carol massar. Apple out with its earnings. Quarterly profit rose to 7. 75 billion. The jump in iphone sales making up for the drop in ipads. Microsoft out with its earnings after the close. Profits fell shy of estimates. Half it down by the acquisition of nokias handset business. And herbalife shares rise getting more than 25 as bill ackman failed to convince investors there was fraud. Cory johnson joins us from san francisco. Lets go through microsoft. How did the Company Performed during the quarter . Gross margins slipped but we have seen that going on for the past couple of months. We were talking about the surface. I was just asking. 409 million spent. Somebody out there is buying a lot of surfaces. Maybe validating the surface team we will file later. How much . 409 million. A lot of money to develop things like the surface and the xbox and a lot of software. Talk about the profit margins. They are declining. As the business shifts
Quism. All that and more over the next hour but first lets get headlines from su keenan. Bill rhodes is pimco bonds 4. 2 billion. This number extends a record streak of withdrawals. The redemption that the fund with 239 billion in assets. The federal Aviation Administration is is considering a drone exemption for movie and films. They said several aerial photo and companies have asked for regulatory exemption that would allow drone usage. Krispy kreme cut its yearly rains forecast. Shares are falling. Back to you. Thank you. At itsosted businesses Worldwide Developers Conference Today in San Francisco. Apple did not come out with any new machines but it did promote a new operating system for its Mac Computers and iphone. Yosemite andoduced a new mobile software called ios 8. It has great user features. Incredible developer features so you can expand your yourience and build apps couldnt do before. With more, lets go to cory johnson. He has been at the conference all day. Thank you for
I am pimm fox. Todays theme is studying. U. S. Manufacturing expanding in may at the fastest pace but that was not the whole story. Twice they had to make a correction to this data release. I will speak to the economist who studied the numbers and then caught the mistake. Terry fator you will hear how his study of ventriloquism led him to be the second highestpaid comedian. My producers will try to stump me with todays mystery guest. All that and more over the next hour, but first lets get headlines from su keenan. Bill rhodes Pimco Return Fund suffered 4. 3 billion in redemptions last month. This number extends a record streak of withdrawals for the Worlds Largest bond fund. The redemptions left it with 229 billion in assets. The federal Aviation Administration is considering drone exemptions for movie and tv productions. They said several aerial, photo, and Video Companies have asked for regulatory exemption that would allow drone usage. Krispy kreme cut its yearly earnings forecast.