Thirdquarter results, the company saying it turned a 3 billion profit, but revenue was down 14 . Big blue missing wall street estimates on the sales side as it struggles to turn the business around. Ibm reduced its fullyear earnings per share guidance. 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. 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. These are potentially some of the lower margins kind of businesses, so profitability will continue to be a challenge. These are valuable businesses, this is the wave of the future. This is the way people will want their software delivered. They want the analytics that ibm is investing in, but it is just a big ship. Turning a big ship takes a
Months and sees 2. 9 growth this year. The Organization Says emerging economies are a source of uncertainty, and their performance has implications for the rough field. How china reaches the objective that they have in mind has a lot of implications from their supply chain partners, for commodity prices, and for advanced economies. At thelets take a look markets. Hong kong and china are currently closed, and here is how they were trading in the morning session. This is the picture in sydney, tokyo, and india as we wait for indigo to come online, its ipo at 12 30. I will be back in half hour. Time now for bloomberg west. Cory i am cory johnson in new york for my work wife emily chang. This is bloomberg west. The owner of match. Com is here. Match. Com has filed for an ipo. A proposed chip industry merger comes under fire. Elliott management wants to break up. One plus one is indeed more than two, maybe more than 2 billion. But first to our lead, yes, looking for love from investors. Ten
The trading session. Julie hyman has the latest. He had this huge rally yesterday after the fed minutes. Starting tos are drift today. I want to start with commodities. Lets start with oil, because we are seeing Goldman Sachs make a call that the mild winter cause oilpact could to fall below cash cost of 20. Their forecast for brent remains at 50 a barrel. Citigroup says that commodities have not fully priced in the effect of the higher rate, a rate increase, which is contrary to the conventional wisdom with the plunge we have seen in commodities. Definitely some negative tone on commodities this morning. I found ather front, cool chart to look at on my bloomberg terminal. This looks at the average temperature at laguardia airport. What i have done is look at the last 10 years nec eight of the month this far have had above average temperatures. November, the average is 23 above the average of the past 10 years. When we talk anecdotally about the warmer weather, that puts it in real ter
It was believed the man convicted was responsible for enough deaths to be considered a serial killer.and just seven years before.he was selected in the NFL Draft.
There's still a lot of questions around the collapse of SVB. So, the average person might not feel the direct pain of its collapse but they may feel the ripples.