Cvs will no longer sell cigarettes. But will the shortterm loss lead to longheterm gains. All that and more tonight on nightly Business Report for wednesday, february 5th. Im bill griffin in for tyler mathisen. And im susie gharib. Nice have you here, bill. Here a tweet that twitter didnt want to get. After the closing bell it released its very first earning report after going public back in november. But the news was mixed. Twitter earned two cents a share while analysts were expecting a loss of two cents a share. Revenue bead forecasts and guidance for the period is strong. A key metric was not good. Growth in the number of new users was anemic. A gain of only 3. 8 . Investors expected much more. Twitter shares plunged more than 10 in after thehours trading. Sheila dharmarajan, what was your take away on it . Reporter it was a big surprise. Investors were very disappointed. The big key takeaway is scale. How does twitter make money . Tierz advertising. This number put lot of doubt in
Companies also on the rise where the profits arent there. The risk and reward coming up. And its simply unbelievable. Wait till you see what happens here. What archaeologists have discovered in italy. Tom hanks, get ready. We found, we think, your next movie. Sue, down to you at the nyse. Yeah, its a fascinating discovery, ty. Fast money halftime, as you said, had the interview of the day so far on cnbc with carl icahn just hours after he released that letter he sent to apple outlining his activist strategy. We feel tim cooks doing a great job, but we also feel they are not doing theyre very derelict in not doing a buyback. If other shareholders feel the same way and tell us that, well test the waters because as you know, theres a great feeling about apple. And there should be. Shares of apple right now on the trading session are up 5. 27. Thats a 1 gain. But for the year, the stock is down 13 . And bond investor bill gross adding a little fuel to the fire, sending out a message by twi
When things seem so good. Weve been there before. Are will legitimate reasons to worry and find protection for your money . Well take a much closer look this hour, maria. Then the twiter sphere. Are they leaving money on the table or being realistic about its own financial expectations . Were debating twitter coming up. Obama care still sick. The current prognosis, the website will be fixed, they say, emp by the end of november. Really . How do they know it will be done by then . Im still having trouble, maria, signing up. More questions than answers but well try to get some of those answers this hour. Yes, we will. Lets check where we stand in the markets right now as we approach this final hour ahead of the weekend. Dow joendz industrial average has been steady for most of the afternoon, gain of 40 movements, fraction at move, 15,539. We had Economic Data out. Nasdaq looks like this, up 11 points, quarter of a percent, 3940 on the nasdaq. Very steady for the last couple of hours. S p
Watch. Jpmorgan today says buy the bounce. Well talk a lot more about that later this morning. Our rolled map begins with the markets trying to hold their ground after one of the worst days for equities. Like we said, in eight weeks. Dells profit falls 72 as the Company Looks further out to that potential future under private ownership. And described as an unusually stylish geek. Yahoo s ceo Marissa Meyer is in vogue, literally. First up, more signs of wait for prompter here. Seemingly weak economy, Housing Starts up at zoom but below consensus. Mike, how much damage was done yesterday with dow below 50day moving average, the stocks, financials, the transports, all the same . The market ak acted ragged but yesterday it hit it. To me its not just the fear of the fed taper. Its a fear of the fed taper at the same time that Everything Else doesnt look unequivocally great. I also find its interesting how the market doesnt like when labor market data is better than other Economic Data becau
Trading above 104 per barrel. President obama warns russia the country could face costly sanctions over the conflict. Secretary of state john kerry travels to the ukrainan capital of kiev today. Members of the European Union call a meeting for thursday and russian president Vladimir Putin responds that he has the right to invade the ukraine. Lets get down to it with Glenn Schultz of performance trust. Hes watching the market for us today. Bring us up to date on the Market Reaction so far to the ukrainerussia situation. Right now the markets reaction has been relatively benign. We really havent seen a powerful quality trade coming into the markets yet although we have seen it somewhat. On monday evening the treasuries closed at about a 260 yieldand we did see risk assets soften somewhat. So we have seen a rotation from risk assets into the safe haven assets. I would expect today to see a continuation of the flight to quality trade but the market is really standing down in terms of a rea