Features in the battle for eyeballs and online gamers. First though, to our lead. Ibms thirdquarter results, the company saying it turned a 3 billion profit, but revenue was down 14 . This is the 14th straight quarter of yearly decline. Big blue missing wall street estimates on the sales side as it struggles to turn the business around. To refocus on cloud, security, analytics. Ibm reduced its fullyear earnings per share guidance. Joining me now here in the studio is tom giles. It does not look good. Do you see something i dont . Tom there are signs of hope, evidence the transformation is happening. It is just not happening quickly enough. Emily she wants to focus on cloud, analytics, and security. But revenue in those areas is up, but it is not growing as quickly as it did in the last quarter. Tom when you are the management of ibm, you have to look for the Silver Lining somewhere. The doubledigit growth is a positive sign. The problem the conversion is not happening quickly now. When
Financial trading revenue saw a drop of 15 . Hear what the companys ceo has to say about the results with shares down almost 6 on the session today. Many of its competitors are not down today. All right. We have a brain drain at yahoo evan has been talking about, two more people, high level people, have left the technology giant. We will discuss the impact of yahoos executive exodus coming up. And ibm set to report right after the bell. The companys cfo will join us live before the Conference Call for an exclusive interview, shares down about 1 ahead of that report. Lets start with chinas economy, that has september Oil Prices Lower today, dominic chu has the story for us. So, bill, kelly, we understand right now that the china slow down effect has been anticipated for quite some time. You could argue perhaps priced into the market but still we finally got confirmation of some of the worst levels of Economic Activity that we have seen since the Global Financial crisis back in 2008, 200
Julie it does seem like it. They did go a little higher, and is the word, and i guess the absence of negative reaction is what is going on. If you look at the s p 500, over the course of the day, you can see more clearly the action leading up to the fed minutes, so if we look at the intraday chart, we can look at the trajectory, so here we are at 2 00, taking another lake upward, and then rising to the hive here, so not a huge reaction, but a positive one, nonetheless rising to the here. We have got materials leading the gains, but it is now more of a broadbased rally, and what i about theesting, too, reaction in stocks, although it is not a huge one, the minutes did not tell us anything we did not know, and the minutes happened before the last jobs report, which gave us more information about the trajectory of the economy, so it is not as though there was anything shocking in the commentary. Betty but for some, the fact that they said this even before the latest jobs report if they ha
Underwhelming today as Jack Dorseys Square and the parent of tinder price at the lower end of the expected range. Shares in Green Mountain get a kick after 4th quarter profit beats the street and the coffee maker hikes its dividend 13 . Well, Brussels Police now confirmed to cnbc that theyre undertaking fresh raids related to paris in brussels. Now media reports that seven separate operations are on going. Now lets head back out live to hadley in paris. Good morning, so what we know so far is that according to belgian media reports citing belgian authorities theres seven raids going on in belgium right now. Theyre going after people they think were related to the attacks in paris last friday. Youre talking about a country that has seen at least 350 plus of its citizens traveling to syria over the last couple of years with the Islamic State. When youre talking about belgium this say country as well thats seen a great deal of activity on the black market when it comes to movement of weap
One of the blasts was. Seven were arrested in a raid authorities believe was the hideout of the terror cell that pulled off fridays deadly attack. Was the suspected mastermind, 27yearold Abdelhamid Abaaoud among them . No official confirmation yet so it is still a mystery at this hour. The tools of the terrorists also spooked overnight. Are american and german Tech Companies unwittingly enabling jihad . That list was given out by isis. The one on your screen of whats safest to use so authorities can not listen in. Two topics, first bringing them in to find out where encryption is or is not a major threat right now . Are terrorists already here . A fox business exclusive with the former director of Homeland Security whether our nation is still safe . The question of whether we allow syrian migrants is magnetizing the nation right now. Its an issue and the president stands by his plan to allow thousands of syrians who are fleeing the terror as the congressman of the author of the new bil