Hershey. Two economic reports today. Weekly jobless claims at 8 30 eastern time and december pending home sales at 10 00. And eu Foreign Ministers are meeting in brussels. The rouble weakening today on the threat. Andrew. Well talk about the big changes happening with mcdonalds in a minute but first a quick snapshot of other stocks this morning. Facebook beating the street on the top and bottom lines but Revenue Growth was the weakest since the start of 2014 and it rose faster. The Company Plans to cut spending by 15 billion over three years as Lower Oil Prices take a toll and qualcomm lowering its outlook for the year. They warn the newest mobile chip will not be used in Major Customer flag ship smartphones. Is that an app . Apple is selling all of these phones. Citrix with better than expected growth. The company is also cutting about 900 jobs. Also salix pharmaceutical will restate financial statements. First three quarters of 2014. Earlier this month the company said it was explori
Than the Federal Reserve. Up after hitting sixyear lows yesterday. The tenyear yield, yeah thats what you get, lend your money to the u. S. Government, 1. 75 lets be generous. Road map this morning starts with alibaba and its shares which are slipping after a miss on revenue. Executive vice chairman joe tasi with us in a first on cnbc interview. Stocks high in the premarket. What you need to know about the changing of the guard in the ceo sweep. From a social network to mobile network. How mobile apps are changing facebooks core business in a dramatic and positive way. Oracles ceo, hes going to join us exclusive interview, thats later this hour. All right, back to the news of the day. Alibaba reports revenues that increased 40 , but were below the expectations of analysts who follow the company. Shares appear poised to decline this morning. You can see right there talking about 90 level. Hasnt seen that in a bit of a time joining us first on cnbc is the executive vice chairman of aliba
Again, as you probably know currently 49. 60. Tenyear yield below 2 . Apple making history once again. First u. S. Company to close with a market cap above 700 billion. Hours from now, greeces finance minister set to meet with eurozone counterparts in hopes of striking a debt deal. Pepsi beating the street. Pepsicos Financial Officer hugh johnson will join us in a few moments. Apples making more history, becoming the first u. S. Company to close with a market cap above 700 billion. Two, exxon mobil, 385 billion. Apples ceo tim cook attributing the success to rapid growth in china. Also announcing partnership with first solar to build 850 Million Renewable Energy farm in california, jim, in monterey county, where theyre going to power not just own headquarters at data centers, retail outlets. Ive always liked first solar. Glad hes teaming with them. Used to be high cost producer loes cost producer. Tim cook making a good engineering move. A lot of different things. The companys doing gr
Friday. It went above 2. 2. Can you imagine that . There we stay above 2. 2. Lets get to our road map this morning and it starts with those markets, six years into the bull market. The dow coming off one of the worst trading days its had in over a month. Will the weakness continue . And watch out for apple, as we spring forward, apple expected to unveil the latest details of its watch in San Francisco. Plus, gm says its time for a buyback. Shares are up in the premarket as the auto maker announces a 5 billion Share Buyback, which does avert that proxy fight that might have been in the offing with harry wilson. But first some other news. A hostile bid, or at least a bear hug. Lets call it a hostile bid from Simon Propertyies group for macerich announced by Simon Property group which has tried to get macerich another large Shopping Mall operator in the country, with primary parts of its property. It has tried to engage it in a potential deal discussion for some time. Makes the decision t
Data, adp lower than expected, Mortgage Apps dropped but markets quiet ahead to jobs friday. A new sense of confidence, General Motors signaling ceo mary bare barra will be cleared of any wrong doing. No signs of slowing sales. The it brand for todays youth second only to nike, the other fund mentals eroding, lack luster sales, coach and under armour. Pandora is falling in the premarket, investigation into how artists are paid royalties as pandora faces shareholders at its annual meeting an hour from now. First up the countdown to fridays jobs numbers heating up. Adp said the private sector added only 179,000 jobs, below the forecast of 210,000. Aprils gains will revise lower a touch, down to 215. Second low nest a year. The lowest since january. Certainly not what you want to see ahead of a friday. I dont get it. You have the auto sales number thats incredible. Youve got some amazing oil and gas hires. Its starting to spread into other states that didnt get a lot of business before. W