Meeting in doha on sunday. We have citigroup head of commodities saying we could see a big selloff in crude oil come monday morning if a credible agreement is not reached this weekend. And ed morris will join us live to explain all of that in just a minute. Those big banks are pulling back slightly after rallying this week. Theres another Financial Group moving higher the last couple of weeks. Well tell you what that is and if its sustainable coming up. Apple shares falling just in the last hour on those reports. I think weve got the chart. There it is, down 1. 7 , lowered iphone production in the First Quarter. Why . Well have details on that in a little bit. And after the bell today, investing guru bill miller tells us why hes buying valeant right now. Hes got big expectations for that stock now, doesnt he . Doubling i think he said. Well press him on it. Lets start with oil dropping ahead of that key opeclike meeting this weekend in doha. Jackie deangeles has all of the details. We
Valley will join us live ahead of this weekends season premiere. We will discuss the potential impact on the real Silicon Valley will have on that show. As we await earnings after the bell today from intel and yahoo among others david faber spoke with jeff smith earlier. He joins us with more on that fascinating tale. People are so focused or at least many publications are very focused on yahoos potential sale of its core business but there doesnt seem to be quite as much focus on the impending fight thats taking place with starboard, the firm that owes 1. 7 of the shares of starboard launched an attempt to take control of the board of directors of yahoo, but its interesting, the conclusion of that proxy fight will come after the conclusion of the process to sell the core business. So i asked mr. Smith wouldnt it be better to try to settle and get on that board now to potentially influence the sale process as opposed to be there when its over and done with . If we get to the end and th
It would strike sector after sector. We never knew which industry would feel the evil wrath next. Ever since the recent bottom on february 10, my birthday, we have seen a rolling bull market. One after another group is lifted and we get a revaluation of all stocks including today where the dow gained 187 points wiping out the losses of 2015. Nasdaq vaulted 1. 55 . Consider todays action. This morning we came in expect ing the worst from the biggest bank in the world, jpmorgan. We know Bank Earnings have been under pressure for ages from a combination of newfound restrictions, a shroud low down trading and Investment Banking and a bunch of quick rate hikes to expand Gross Margins. Everyone is afraid there could be a big spike from bad oil loans given the crashing energy prices. Instead jpmorgan knocks it out of the park. Remarkable revenue growth, robust loan book, terrific increase in the net interest margin, what they make on deposits versus what people are thinking about thanks to th
At 2016 highs. But we begin with big changes at intel. The company is cutting 11 of its workforce. Its cfo is moving to a new role. And its taking a onetime charge of more than 1 billion in the Second Quarter. This after the dow component reported weaker than expected firstquarter revenue and said the Current Quarter wouldnt be much better. It was that soft outlook for Second Quarter revenue that weighed on shares in afterhours trading. Intels current cfo said the changes at the company are all part of its broader strategy. What we went to do now is accelerate that transition. And so this restructuring is a tool to do that. And what it allows us to do is it allows us to be more efficient, to be more profita e profitable, and to increase investments in some of these new areas. The data center, the memory, internet of things dominic chew goes inside intels results. Reporter theres a reason why intels Earnings Reports are of such interest to investors. Its the worlds biggest maker of comp
But we begin with big changes at intel. The company is cutting 11 of its workforce. Its cfo is moving to a new role. And its taking a onetime charge of more than 1 billion in the Second Quarter. This after the dow component reported weaker than expected firstquarter revenue and said the Current Quarter wouldnt be much better. It was that soft outlook for Second Quarter revenue that weighed on shares in afterhours trading. Intels current cfo said the changes at the company are all part of its broader strategy. What we went to do now is accelerate that transition. And so this restructuring is a tool to do that. And what it allows us to do is it allows us to be more efficient, to be more profita e profitable, and to increase investments in some of these new areas. The data center, the memory, internet of things dominic chew goes inside intels results. Reporter theres a reason why intels Earnings Reports are of such interest to investors. Its the worlds biggest maker of computer chips and