It didnt matter. And the market went down anyway. Dow sinking 196 points, s p falling 1. 35 and the nasdaq declining. 93 . How can that be . Hey, isnt this a market of individual stocks. No, not right now. Nope. You see, we have some Disturbing Trends in the overall market that trump the achievements of Single Companies and even whole sectors. And right now, no trend freaks out investors more than the total collapse of oil prices. When the highspeed traders who dominate the stock market see Energy Declines like today with oil down more than a buck and a half to 44, a level we havent seen since the great recession, they dont just sit there and pick among the stocks the benefit from cheaper oil while dumping the oils themselves that wouldnt be a rational move. No, they sell the only thing they seem to know how to sell. The whole s p 500. They cant waste time picking and choosing among individual stocks. They know that when oil goes down they need to blast out of everything. Because thats
Does. We have a lot to talk to about. 50 brands. We have to get to the top headlines. Releases this morning, General Electric and Morgan Stanley. Scarlet fu is going to run through the numbers for us. Let us start with Morgan Stanley. Likes tumbled 70 jpmorgan, Morgan Stanley has a set aside money for litigation expenses. That worked out to 1. 2 billion. Legacyelated to the problems of Mortgage Backed securities. We dive into the numbers, half it beat analyst estimates. Revenue topped estimates and was pretty much in line with what analysts were looking for. James gorman has been deemphasizing analyst estimates. Investorse part that and james gorman are focused on with Morgan Stanley beefing up its brokerage business. 19 pretax profit margin. Another software watching is ge. Ge shares have turned lower in the premarket. This is after the earningsper share matched analyst estimates. There is a track record of matching or just eating beating. Revenues are slightly higher than analysts we
The expectations and what the companies are going to earn or sell. The making and missing of those expectations controlled the market today with the dow climbing 42 points and s p 500 back sliding and nasdaq declining. A watched it drop like a stone, boom, boom, boom. Then we listened to the call and American Express is doing better than expected. And the stock rallied 3 and change. Investors kamg in s came into t and General Electric quarters hoping that Industrial Sales getting stronger of the intel choose to be far more sir couple inspect and didnt give that positive and General Electric talked about a mixed picture environment. And ge sheds 2. 28 , the latter seeming out of sync with the fact the headline said things are good. With that expectations in mind, lets go over next weeks game plan. Two of my absolute favorite companies, delta airlines, dal and johnson johnson. Suffice it to say i am a tad concerned like intel because both companies had become victims of heightened expect
With u. P. S. The stock going to take a hit this morning after lowering their Fourth Quarter guide ax, a hangover from the Holiday Shipping fiasco. And shares of intel are sliding after Fourth Quarter earnings missed estimates and warning of flat revenues for the rest of this year. And speaking of earnings Morgan Stanley, General Electric, and amex making big moves today, well break them down with you. But first up, u. P. S. , the Package Delivery Company Expects Fourth Quarter earnings of 1. 25, well below forecasts. U. P. S. Said its been negatively impacted by higher costs driven by a surge of shipments during the Holiday Season. The company said it deployed 30,000 more temporary employees than it had planned for. Their peak delivery day volume up 7 1 2 from what they expected. As i just said on twitter, their models, jim, nowhere near on plan. I want everyone to go to u. P. S. Kicks off peak week they put out a press release. December 16th, 2013. Where they said, look, our peak day
It lost out on a fighter jet deal in the euae. Russian president Vladimir Putin has reportedly freed the jailed typhoon khodorkovsky after a ten years in prison. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Were into the last Worldwide Exchange of the week. Plenty to get through on the program. Next, its two days after tapering and the ripples are still being felt across asset markets. Well measure the fallout. Its been well look at key drivers for the Global Property market. And the battle for control of italys Biggest Telecom continues as shareholders vote on whether to replace the Telecom Italias board. If thats not enough, gold is down after the feds taper announceme announcement, but should you be buying the dip . After a big fall this year of over 25 , well get analyst opinions in around 40 minutes. And if you have any thoughts, comments, queries or questions or anything else you want to say, email us, worldwide cnbc. Com. First,