Back to the floor of the Stock Exchange with Nicole Petallides. Stocks posting modest gains with a long way to go to make up losses. Nicole the late losses friday we got 200 points to virtually flat. Yesterday we drop 243 points so clearly we have to make enough on wall street. If you are able out there with some up arrows earnings were better today than we have seen over the last three trading days and that was something that contributed to the selling. Dow jones industrials up 30 points. The gain is 1 4 . And again like the s p 500. Three 2 dow components, first in boeing, First Quarter profit, the profit is something to watch, down at 6 and hurt by higher pension costs. They did raise their full year diet and that was good news but they miss the analyst estimates. It is now 3 4 . Third quarter revenue missing the estimate there. The other thing at t to note, this name is coming. Lori oil extending loss of trading down for fifth straight day. Phil flynn with the future of the cme, th
Morning. Its a busy morning for retail and well get some Quarterly Results from American Eagle, dicks and Urban Outfitters. Dupont saying the severe Winter Weather and the situation in ukraine will impact sales. And apple pushing Record Companies for exclusive first releases of songs through itunes. And all show long well bring you the best of softbanks interview, his criticism of Wireless Service in the u. S. And his thoughts on alibaba and yahoo and the 300year plan, carl. I know you like that. Think the long term. Its a long game. Jcpenney is a big gainer in the premarket. Citi upgrades the Department Store chain to buy from neutral. The firm says it believes pennys deliver positive comps in line with guidance as they fix their home and kid categories and takes out what they are calling inappropriate merchandise. The title of the report is american comeback story, gives. It fits and we feel it. And its not the first upgrade weve seen lately and, again, the squeeze will be on today.
Dow chemical, Procter Gamble, boeing, apple and facebook all being released today. A lot coming up. At 7 30 eastern time, the dow chemical ceo will be joining us and well be hearing from at t ceo john stevens. The company says it had a higher than expect ed amount of customers switching to a new plan. If you take a look at whats been happening with at t shares, youll see at least it was down by 2 after hours, i think. 35. 50 was the last trade. Yum brands getting a boost from stronger sales. Where its most important, china, the parent of kfc, taco bell and pizza hut says that First Quarter sales in china rose 9 . Customer in china are buying more chicken following an avian flu outbreak and food safety scare which impacted demand. The fast food operator gets more than half of its overall sales from china. Most of its more than 6,300 restaurants. How many . 6,300 are kfcs. That stock traded higher. In after hours trading. Speaking of china, chinas factory activity slowed for the fourth s
What caused a complete blackout of trading at the nasdaq for a full three hours . At in this point the nasdaq has not given any reason. Ashley none. And theres a lot of people upset. You mentioned the word annoyed earlier. Some ceos of nasdaqlisted companies, a dearth of information. Why havent we had more contact, more updates from the nasdaq . We will find out in the ensuing days, im sure. Liz shortly after 12 15 p. M. Eastern time started some bizarre trades, looked like trading glitches. The asdaq had to halt everything for a full three hours. Youre talking about a combined listing of 5 trillion in market cap of more than about 2,500 stocks that list on the nasdaq. Joining us now is a man who was with us yesterday, he is the expert in these kinds of electronic trading glitches, edgar perez, author of nightmare on wall street. Nicole petallides still with us on the floor of the New York Stock Exchange. Sandra smith in the pits of the cme where they endure massive amounts of electron
Calls for immediate access to the alleged site. Good morning, everyone. Good friday morning. It is the final trading day of the week. Ross is still out on vacation. He will be back with you next week. Meanwhile, lets come back to one of our top stories. Nasdaq ceo in his first comments after the glitch that halted trading for three hours on thursday is calling for Higher Standards for exchanges. He tells the wall street journal, our systems and the industries have to get to a higher level of robustness. The journal reports nasdaq officials internally pointed to a connectivity problem with competing Electronic Exchange as the trigger for the technical issue that forced the trading halt. Arkia wasnt named in the official statement and the they have declined comment. Nasdaq officials believe they should have been able to manage the connectivity problems. Reports say nasdaq was able to fichlt issue in 30 minutes but didnt restart trading for another two hours due to the need for testing an