Travelers. Biogen, set to seek Regulatory Approval for a treatment for alzheimers for early next year. U. P. S. Shares sinking ahead of the open, despite a pretty nice ecommerce boost to profit. The ceo will join us later this hour. The ceo of verizon as well will be here at post nine in a few minutes. An interesting announcement, another guest as well, but i guess it is a mystery. Well wait to solve it in a few minutes. Lets start with earnings, dive right in. Tale two of dow components, p g up, quarterly beat helped by Strong Demand by premium Beauty Brands and mcdonalds falling on an earnings miss as growth on us comps came in below forecast u. S. Mcdonalds 4. 8, looking for 5. 2. Jpmorgan told us the quarter would run light. Im glad you messengered that a lot of people are saying this is a big surprise, a negative surprise if you listen to what jpmorgan said, you would have been ready for exactly this number, which basically to me says not as bad as feared. 5. 9 , thats a number th
We have more on his appearance, plus reaction. And the huawei perspective. We get thoughts from the chinese telecoms Carrier Business Group on 5g, securities concerns and more. But first, our top story. Ibm fell as much as 6. 5 , the most since october 2015. This comes after the fifth consecutive quarter for posting slower sales. Joined by my am guest. Lets start with the top line decrying. Is there not enough growth from red hat to offset the cost in that core business . Yes. Frankly, this is a question of one word, which is expectations. There are a lot of expectations for red hat that paid a lot for the Company Going forward. If you look at ibms core business, they are managing it for profitability as best they can. But the Global Services segment has historically been a profit driver and a cash cow. But you have to remember as people build the hyper cloud they moveture, as more of the cloud, there needs to be in the Core Technology space that change. They will need to drive efficie
Morgan has the morning off interesting market day setting up despite all the volatility. Tech remains the Market Leader this year. The xlk handily outpacing the s p. Semis up more than 40 for the year, almost doubling the gains of the nasdaq. Then youve got the earnings spotlight tonight. Netflix after the bell joining us this morning, joel killeen and kenny picari good morning, guys, good to see you. Good morning. Semis, banks with a second good day vix below 14 is a rotation happening . I think the earnings season is not going to be as disastrous as the street and some analysts have made a lot of people expect its already started the bank numbers yesterday and today performed much better than expected nobody is talking about it i actually feel good about it but i think there is a rotation, depending on whats going on so there will be rotation but its all part of the process. You still think were range bound here i think were range bound on the lower ending well test the lows, 2758 ea
The half. Im scott pop ner the next flicks numbers hours away now, those earnings coming up can the beaten up stock get back on track it is 12 00 noon and this is the Halftime Report. Announcer netflix facing its final quarter of calm before the streaming wars with apple and disney begin, but investors need to tune into retail sales falling for the first time in seven months are cracks beginning to form in the consumer and what does it mean for the market . Amazon getting a huge price hike ahead of its earnings next week the traders take their position. The Investment Committee is ready to go. Halftime report starts right now. Good to have you with us on this wednesday, our Investment Committee, joe chenova, steve wise the count down to the netflix numbers, competitors lining up to do battle with that company pete, you own it. I do. I think you are the only one on the desk who does doc, you do. John, pete its not the same we have a lot of different strategies going on. There is competi
Than expected guidance investors reasaurd by better than expected earnings per share as well as better than expected International Subscriber growth in the quarter netflix adding 6. 3 million International Subscribers. Above projection while u. S. Subscriber growth did fall short of expectations. But investors may also be reassured by ceo reed hayesings giving frank comments in the letter to shareholders with competition. This of course comes ahead of disney plus and apple tv plus launching next month hayesings saying theyve been preparing for this new wave of competition for a long time, writing quote the launch of new services will be noisy, maybe modest headantened near term growth we have tried to factor that into guidance. In the longterm we expect to continue to grow nicely given strength of service in the large Market Opportunity now the other bright spot that hayesings is stretsing in the letter to shareholders is International Growth hayesings saying they are expanded nonengli