Amazon. Com. We are counting down to earnings. While disney, groupon and Electronic Arts and activisionblizzard. We have all of that reporting after the closing bell on street smart. Off 15, the p nasdaq down more than one percent. I want to go to julie hyman. Couple oftioned a them, aig topping the list. Financials have dropped the most, aig out with earnings and profits were down 27 because of higher claims cost and that is pushing down the shares sharply today. The worst performer on monday financials. Among the financials. Twitter is at the lowest price since the ipo. We have been awaiting the expiration of the share lockup. For saleon available today, that is quadruple the amount available for trading. Some insiders have said we are not selling but the market is. We are seeing a lot of selling in twitter today. And Discovery Communications leading the Consumer Discretionary stocks after reporting revenues that trailed estimates. Though shares are down by the most in that Consumer
Always is a dumb idea. Youre watching Market Makers on Bloomberg Television. Thursday in new york city, i am Erik Schatzker. I am stephanie ruhle. How do you feel . I feel great. Im not sure how i feel. These are the top business stories from around the world. Barclays will cut 7000 jobs in its investment bank, about one fourth of the total market. Trying tonkins is reduce his dependence on fixed income, which has been its biggest source of revenue. A big jump in homes being sold for cash according to the tracks 43 according realty tracks, were all cash in the first quarter. Mortgage lending has plummeted because rates have been rising and lending requirements have become stiffer. Macdonalds best month, samestore sales were up 1. 2 . Mcdonalds has been struggling to attract consumers because of growing competition like talk about like taco bell. There is a Consumer Confidence problem. Show deal ora game no deal, top executives from comcast and Time Warner Cable are back on capitol hill
The world. No Economic Data to speak of in the u. S. Earnings will be slim pickings. This will be after the bell. Ben bernanke speaking in dallas. I agree. Not a minor deal. Especially since he was more positive on the economy rack in january when he left. More overt like greenspan or pullback in the reticent . We will find out. , the recently ousted New York Times editor will address graduates at wake forrest college. Every reason to cancel. I do not know anything about the story. Every reason to cancel. She is looking for a job, too. Self branding here. Like i am sure every agent told her to cancel. We cannot cancel the data check. Really interesting over the weekend. Futures negative eight. Eurodollar does nothing. Hydrocarbons a bit elevated. The vix, good market. The yen valleys. Make it to 100 on yen. Stronger japanese yen. There is the indian rupee up. Indonesian moment there. Going to the indonesian rupee. Weakness. India nine percent inflation. There is the enthusiasm. A long
7000 jobs. Continues in media with at t in talks to buy Satellite Television Company Direct tv. Regulators could have problems with the deal for antitrust reasons. Toyota says earnings will fall from last years record and the reason will be growing competition in the u. S. And weaker job demand in japan and a stronger yen. In washington, the 45 billion comcast time warner you will once again come under congressional scrutiny as executives from americas number one and number two Cable Operators make their case for the merger today. We have a preview. Theys hearing is not first. We had one last month so what will be different this time around . Last months hearing was before the Senate Judiciary committee. Todays is before the House Judiciary Panel and expected to cover much of the same ground. We are still talking about the same antitrust competition concerns and the same cost to consumer concerns. Comcast and Time Warner Cable even submitted the same exact joint prepared testimony they
Paribas, and considering slavering slapping charges. Plus, professional boxer, Floyd Mayweather junior, currently undefeated World Champion repairing for a fight this weekend. Also throwing his hat in the ring with Oprah Winfrey to compete to buy the l. A. Clippers. Do we want to buy the clippers . Yes, we do. There he interested in buying the clippers. We will keep them right where they are at. We will have all of that ahead. Getting to the market right here. Gocks were watching as we into the close. Julie hyman keeping an eye on them. Avon shares declining sharply. Million. Will pay 130 5 million for a justice criminal Department Investigation and noncriminal investigation, similar investigation. The company reporting a wider firstquarter loss as sales fell in all of the regions. We have been watching a lot of pharmaceutical deals recently. A Company Called Merrimack Pharmaceuticals reported in a study that patients treated with the experimental cramp cancer longereated lived than th