The First Time Since 20126789 we dwin with markets marching higher, dow back in the green for the year despite headlines in europe. Retail america falters, walmart cuts, and the weak consumer is a concern for sales 37. Another year, another restructuring. Cisco cuts 16,000 jobs, 18,000 in the last two years, oh, and earnings beat as well. Stocks looking to post additional gains, one day after the rally in biotech stocks overshadows disappointing retail news. The nasdaq rose to the best day in nearly a month, and dow back in the green for the year, but germanys largest economy posting a. 2 contraction in the Second Quarter, results before the impact of the stiffer sanctions against russia, gdp flat, but germanys 28 of the eurozone, and thats going to hurt. Joining italy and france as the big three economies doing a whole lot of nothing. Theres a lot of dispute how much weakness the central bank, which i dont have weak cost, but how much is government policy, might be government policy i
Break. The s p and the dow coming off the best week since july. Will the momentum continue . Plus, it is a big week for earnings, results expected today from netflix and kimberly clark. Mcdonalds, boeing, facebook, apple, all will have reported by the end of the week. A lot of tech news, nike reportedly leaving the wearables market. And more trouble for General Motors. New documents showing that the automaker waited years to recall hundreds of thousands of saturn ions with power steering problems. First up, though, we are basing for a barrage of Earnings Reports. Netflix tonight, tomorrow, mcdonalds, travelers, utx, at t, wednesday, boeing, p g before the bell and a big night on wednesday, apple and facebook after the bell. On thursday, well get c. A. T. , gm, 3m, microsoft, visa and amazon. And well close out the week with ford results on friday. I mean, this is talk about the calm before the storm. Not a lot to work with today, but we all know how crazy were going to be in about 48 h
Expected demand. The tech giants orders for screens for the first three months of the year have dropped to roughly half of what it had previously planned to order. Apple is said to have notified the suppliers of the order cut last month. Take a look at shares of apple. As you know, theyve been under pressure for a while. Right now, down about 3 . Just over 3. 5 or just under 3. 5 . 3. 3 to 503. 11. Oracle released an emergency update to its Java Software yesterday. However, it failed on protecting pcs from hackers. Last week, users were told to disability java apps. Andrew. Also in the headlines this morning, u. P. S. Withdrawing its 7 billion bid for tnt express on expectations that European Commission will be preventing that merger. In japan, Japans Transport Ministry has announced its launching an investigation into causes about fuel leaks. Yesterday, the airline said a 787 undergoing check necessary tokyo following a fuel leak at the boston airport last week during their test and i
Youll hire people without de mapped . Invest in new things. Create new demand. You spend joe kernan, you spend. We appreciate it. Thank you. Right now its time for squawk on the street. Im melissa lee live from the new york stock exchange. Lets see how were setting up on this monday morning session. Apple may be away, but we got a rally from china overnight. As for the picture in europe, the euro, we should note, is hitting 11month highs against the u. S. Dollar. Marginal changes on a percentage basis. A road map this morning starts off with apple. Even more doubts about the demand for the iphone 5 sending shares below. Did you see your paycheck on friday . The payroll tax hike obviously kicking in for Many Americans. Felt like a pay cut. Will this be a temporary shock or a headwind as stocks hover at fiveyear highs. Ubs achoirs tnt after a commission throws up road blocks. To the top story. In the premarket, weve seen apple shares fall below 500 for the first time in 11 months. The te
Off with the fiscal cliff. The president meeting with more ceos today bringing his plan straight to the people culminating in an appearance in a factory later this week. Costco joins the dividend parting initiating a 7 a share payout on top of the regular dividend. And a shakeup at groupon. The board may be considering cofounder being released. Theres powerball fever. 500 million big ones in the pot. How would you spend the money and how does the fiscal cliff factor in . Well talk strategy with a former Lottery Winner. We begin with the fiscal cliff. This afternoon president obama is scheduled to meet with several Business Leaders including ceos of home depot, macys, caterpillar and at t but futures are falling with signs there are troubles with negotiations on capitol hill. A market credible deal to solve the cliff is key to economic growth. That annual growth idea, that prospect is real in my view if we actually did get a market credible 4 trillion plan. The markets would realize tho