Across the country and rise in prizes. We have all of that and more for this tuesday, january 21st. Good evening, on this cold and snowy day for much of the eastern part of the country, ibm, one of the priceyest and therefore one of the most important stocks in the price weighted dow index tried its best to warm things up on wall street. The Worlds Largest Technology Services Company Reported better than expected earnings in the latest quarters, 6. 13 a share, thats 14 cents better than the forecast. But the good news sort of ended there. Margins narrowed ever so slightly and revenue declined 5 ending about a half billion dollars short of estimates. That sent shares initially lower in late trading today. As you see on that graphic. Josh lipton joins us with more. What is the key takeaway from these results . Tyler, listen, ibm reports and the big number investors focused on, 27. 7 billion. That was ibms revenue for the Fourth Quarter and it was a miss. Analysts covering ibm wanted to s
A miss for mcdonalds, citing exchange rates, weak consumer spending. Well break it down. Its not fun and games d. Gas price is spiking 12 cents. And steven cohen officially charged by the s. E. C. Well have the details on what it means for s. A. C. Capital. Mcdonalds earned 1. 38 a share, revenues also missed. Global comps up 1 , including gains in the u. S. , but samestore sales fell in both europe and the asia pacific, middle east, africa region. Saying the Economic Uncertainty is pressuring quiter spending. Guys, it looked like june comps slipped a bit, something that janney highlighted. That was a good call. If you go back over how some others are doing, yum believe it or not doing better than mcdonalds in the united states, overseas, chipotle, spoke with jack hartung, the cfo on friday, theyre seeing an acceleration of samestore sales. Obviously they have this move with integrity campaign, people feel good about getting away from the idea of the food chain. I expected better from
Thats the biggest jump in a year. Whats it doing . Its going above 1300 an ounce which triggered a rush by some funds to cover their short positions. Now you see gold up 40. 50, but london gold is still down for the year. So, listen, you dont want to get too excited by a single days move. In the next hour were going to pick this apart and look at it with peter schiff whose gold fund just went public on friday. Is his timing brilliant or not intelligent . Were going to find out how high he thinks gold are go. We need to look at home sales as well, they are going in the opposite direction. We keep talking about home sales being a really good economic indicator. Well, in june existing home sales did fall 1. 2 . While lower, its important to remember that the annual rate of 5. 05 million homes is still 15 stronger than we saw a year ago. The one month drop, month over month, is believed to be caused by rising Interest Rates. So there was this panic, and then people backed away, right . And