Restrictive hours. Colorados constitution does discourage marijuana use openly and publicly, but it also does not forbid any kind of use around other people in an area that is available to the public. It is unclear whether there would be any sort of legal case someone could mount against this if voters were to pass it, but that is jumping the shark, we have to see how voters feel about it when it comes november. There is a second ballot question, to allow businesses to legalize cannabis clubs, that failed to get enough signatures for the ballot in denver. There is no debate over, Climate Change in a class on that subject at the university of colorado Colorado Springs. Since the professor asked students who dont believe in Climate Change to withdraw from the course. Uccs says the professors are being honest that their online courses a place to discuss impacts of Climate Change, not to debate what is a scientific consensus. They did offer to discuss get what the professors are trying to
The yen soaring on the news. Does that excite you . With kelly here. Kelly can yes she loves currency stuff. Its crazy. Talking about 108 . Just the move. Look at that chart. I dont have a lot of insight. But i think it is remarkable that it can get whip sawed like that. Everybody piles in thinking it can only get weaker and then here we go. Live by the sword, die by the sword. Anyone putting their foot on the accelerate anywhere around the world is usually a boost and i thought really . This causes us to go down . Well the turnaround for japan. It was interesting when they did the negative rates thing in the first place. And everyones trying to do the same thing. But it was that moment they went negative you actually started to see things go the other way and it hasnt stopped since. When they go negative. Politicians do that a lot. They promise to not do that. I have to say two things. Can i compliment you this morning on two things . The tie and the haircut. Thank you. And dye job ho
On what were seeing on major heat waves. Well be exploring the markets all afternoon for the next two hours and beyond. Lets get more now on todays slide from bob pisani on the floor of the New York Stock Exchange. Bob . Hello, tyler, and what were seeing is a little bit of a reversal of some trading trends, specifically around the dollar and also to a trading around the dollar. Modest rally. Look at the dollar index moving down all throughout the quarter here. The lows recently. Thats reversed a little bit today and some people are debating. The dollar may have bottomed and that may have factored. Energy financial materials were weak today. You know what the market leaders are. Energy financials and materials this quarter and a very specific reap. Those are cyclical stocks. Very specific reasons why cyclicals have done well this quarter. Let me show you the q2 trade, the trade everybody is doing. You have the weaker dollar and combine it with a stable china and you combine that with o
Making hardware into cloud computing. Ibm reported earnings of 3. 34 a share. That was four cents better than estimates. Thats the good news. But revenue fell nearly 14 from a year ago, coming in at 19. 28 billion. And that sent shares of the dow component initially lower in afterhours trading. In an interview after the results were released ibms cfo talked about the decline in revenue. Within the revenue we report we obviously have a pretty substantial currency headwind that we continue to deal with. And as we transform our business we continue to move out of areas where we dont see longterm value. So across that across our revenue base thats about 13 points of impact. Josh lipton has more now on ibms results. Reporter 5. 1 billion. That is what ibm reported for its software revenue. A drop of 10 compared with the Third Quarter of last year. Analysts had been looking for 5. 2 billion. So a point of weakness where the street was expecting strength. Fbrs dan ives says the bigger point h
Making hardware into cloud computing. Ibm reported earnings of 3. 34 a share. That was four cents better than estimates. Thats the good news. But revenue fell nearly 14 from a year ago, coming in at 19. 28 billion. And that sent shares of the dow component initially lower in afterhours trading. In an interview after the results were released ibms cfo talked about the decline in revenue. Within the revenue we report we obviously have a pretty substantial currency headwind that we continue to deal with. And as we transform our business we continue to move out of areas where we dont see longterm value. So across that across our revenue base thats about 13 points of impact. Josh lipton has more now on ibms results. Reporter 5. 1 billion. That is what ibm reported for its software revenue. A drop of 10 compared with the Third Quarter of last year. Analysts had been looking for 5. 2 billion. So a point of weakness where the street was expecting strength. Fbrs dan ives says the bigger point h