Months. Our road map results with boeing, more planes delivered while cost cutting is paying off. A tale of two markets. U. S. Results disappoint. Weather had an impact. What about the waffle taco . Gilead beats, amgen dropping after the steep selloff in biotech stocks, is the worst over or just beginning . Is it legal . It is. Is it front running some were going to hear from bill ackman on his host still takeover tactic teaming up with valeant to bid for allergan. Exclusive comment from activist carl icahn. Lot of numbers. Boeing reporting earnings 1. 76 did Beat Estimates helped by an improvement in Profit Margins but when raising their full year Earnings Guidance and Procter Gamble reporting a Quarterly Earnings beat slight revenue miss. The cfo on squawk box this morning. Global growth in our product categories is about 3 . We maintain mark share in the quarter we had and consumers around the world remain very responsive to value creative innovation like laundry products, like some
We could see a meaningful selloff. Wonder if were not waiting for facebook and apple to kind of give some juice to some areas where people have concerns. Exactly. They will definitely have an impact on the market. Plus, were almost waiting, awaiting billionaire investor Warren Buffett to sit down live with our becky quick in new york city. This will be his first Public Comments about activist investor david win theers who has been critical of mr. Buffet and cocacola over executive compensation issues so stay tuned for that first on cnbc interview. Its the end of this luncheon that he hosts every year for charity, and somebody paid 1 million to have lunch with Warren Buffett today, so i can imagine they are getting their moneys worth right now. Why its gone longer than ever, right . Extra special dessert. Exactly. And after the bell it doesnt get much bigger than this when it comes to marketmoving earnings. First facebook and then apple. Both will hit about an hour from now. Both have h
Bead beat. Europe in the green as draghi continues to talk down the euro. A shareholder friendly quarter for apple. A beat on the top and bottom line. Increased buyback, stock split calling it the isplit. Twofaced quarter for facebook. Profits blew away the estimates but Company Warning there might be a new normal of slower revenue growth. Another beat and victory for cost cuts, caterpillar raising its outlook. Sees improvements in the building industry. tis the season to make a health care deal. Zimmer buys rival more than 13 billion is the Purchase Price. The industry ripe for more consolidation . Apple coming off the companys best nonholedy quarter ever. Results did beat expectations as almost 44 million iphones were sold in the period. Apple announcing the seven for one stock split, 8 different hike and increase in the Share Buyback program. Ceo tim cook on last nights Conference Call. Take a listen. We decided to continue to allocate the vast majority of the Incremental Capital re
Work today after last nights win. The road map goes like this, earnings beat for citi top and bottom line. Stocks up sharply as the Bank Announces its settlement with the government, 7 billion for, quote, egregious mismanagement. Far from the only deal news, well have more on mylan, for example, in a moment. Markets in the green on this monday. Goldman raising forecast for the s p, as we gear up for that busy week of Economic Data. Apple, barclays back on board ahead of iphone launch. Sees a weaker samsung and a stronger tim cook. First up, citi group, reporting Second Quarter operating profit, 1. 24. Revenues above consensus. Citi taking the charge of 3. 8 billion in q2 in connection with the companys 7 billion settlement with the doj regarding Mortgage Securities sold ahead of the 2008 financial crisis. Trading revenue down 15. Not as bad, jim, david, as some expected. No. This was in contrast to wells fargo, expectations were so high going into the quarter, there really was a lot of
The big question though, does oil once again determine how stocks are going to move today . We are going to keep our eye on that. Our road map begins with the market rally built by caterpillar. The company handily beating estimates. Airlines and automobiles helping accelerate those gains. Results from gm, United Continental and more. Some mixed results in media. Well run through the numbers from yelp, at t, comcast, as well. First up, futures on track to open sharply higher. A big reason for the positive sentiment. Blowout results from caterpillar. Earned 1. 72 a share in the corner well above estimates raising their fullyear guidance. We had steady sales and steady production and getting after lean manufacturing. All our operational margins, getting good Cost Reduction, top line from our supply base, as well. Operationally, really makes me feel good about this year and this quarter. Cost cutting, for sure. In this environment, they are now looking full year 6. 50. Earlier in the year