Citing that as part of the boost. Some of the blue chip peers not getting the same love. Well get to all of it in the premarket. That strong dollar is cutting into pepsicos bottom line. Well speak to the company ceo hugh johnson in a couple of minutes. Facebook has more monthly users than the entire population of china. The mobile ad revenue impressing some on the street. Despite that revenue miss, where will the stock open today . Procter and gamble quarterly profit in line but sales fell for a fifth straight quarter. Currency effects weighing on 3m. Caterpillar beating the street. We saw construction in the u. S. And north america up. Thats the bright spot we have. Its fairly anemic but its growing. Its Getting Better quarter by quarter. We see that. We are happy with that. Everywhere else in the world we are doubledigit decreases in sales year over year regionally. Weve seen a real dichotomy here in the world. They are upping Sales Guidance upping Earnings Guidance as some of these
New website. This hour, the president joined those exclusively. Adam music legend bob marleys son. A good drinking cup of coffee. Lori moving toward session highs. Lets head down to Nicole Petallides. Nicole looking forward to that interview. The Dow Jones Industrials are up right now by about 72 points. People are taking a little bit of a breather. The first day, october 1, was actually the first day of a new month. New money comes into the market. The rest of us drifting to the downside. Any headlines from washington could be market moving. Lets look at walmart. Walmart saying exactly that. They are seeing softer sales because of the federal employees that are not shopping much right now. Back to you. Lori thank you. Little progress in the debate in washington over the Government Shutdown. Rich president obama and Vice President biden taking a lunch break. President obama is happy to have negotiations with boehner, but he cannot do so with a gun to his head. House Speaker John Boehne
Bad as democrats, all right . How to turn poverty into prosperity if such a thing is possible. All of those stories and more coming up on the kudlow report beginning right now. Good evening, im larry kudlow on the kudlow report. Today is the best day of the year so far for the dow. Lets go over to the Bertha Coombs with all of the details of todays big rally. The one and only kudlow. You can see a lot of black and green. The dow and s p and nasdaq up 1 . Powered by strong earnings results. Earnings so far having been reported, earnings are up 9. 5 for the quarter, it being looks like. Revenues only up 1 and thats part of the problem. Meantime, though, blockbuster earnings today. Disney helped power the dow higher gaining 5 on the day on an earnings Beat Estimates it had strong growth at espn and frozen its animated picture, much better than expected performances at the box office and helped power the bottom line. Cocacola also rose after taking a 10 stake in Green Mountain coffee. The
Analytics reporting bargain hungry shoppers bought less. Sales fell by mid single digit percentage at brick and Mortar Stores on friday and saturday. That compares to the same days last year. But, heres the important part, it does not include online sales which of course have been the story of the season. Wellknown industry analyst dana telsey will join us with her thoughts later this morning. In the meantime, Steve Weissman has the headlines. Apple announced it has signed a longawaited agreement with china mobile to sell iphones to the worlds mobile phone users. It could add billions of dollars to apples revenue. It will start january 17th. China mobile will begin preorders on wednesday. Eunice yoon will join us. Tiffany must pay swatch 449 million in damages over a failed joint venture to produce and market watches. Tiffany is cutting its full year profit outlook. Boeings unionized machinist workers will vote january 3rd on the latest contract. Where boeing makes the 777 voted two to
You see. S p couldnt gain here, down eight points. David looking at the negative numbers, imagine what they would be if the fed did not do the money printing. A lot worse than it was today. Could have been worse. Facebook, when the market is in the red, facebook in the green, today is not an exception. Today, a big bump, over 2 bump. Tomorrow, of course, is the third lock up, another 156 million shares of facebook coming online, previous times when thats happened, we saw the stock jump as it did today. Liz right. Everybody expected it to fall, it didnt. Were watching that. When apple falls on iphone estimate cuts, so do the component suppliers, the socalled halo effectings. Sigh works, logic, the biggest losers here, biggest victims, but broadcom taking a hit, their products inside apple as well. David not all the solar stocks doing well. These, in fact, taking a big hit with the exception of solar limit, up almost 5 , but other solar stocks deeply in the red, again, those things are f