But first lets get you up to speed on other stories. Joe was talking about apple. It has been a rough ten weeks for the most valuable u. S. Company. Shares tumbling more than 6 yesterday shedding 35 billion of market value. Among the reasons cited by analysts, a forecast by an Influential Research firm suggesting that the iphone and ipad maker is continuing to give up ground it rival the android gadgets. There were also unconfirmed reports that at least one major stock Clearing House was raising margin requirements. And then theres the fiscal cliff. Analysts citing fears about a hike in Capital Gains tax in 2013. Rick santelli has been talking about this, though, the things that were up in 2012, those are the things being sold now, whether that be gold or any number of assets that rose appreciably over the course of the last year. Well be talking about the future of apple and the outlook for its stock a little later this morning with Jonathan Geller of the boy genius report. Good old b
We have the stocks to watch in the close of trading today. Barnes noble, news in just the past half hour or so, a Company Called G Asset Management trying to take over the bookseller. 22 bucks a share. It would value the total 1. 3 billion dollars. We are also watching groupon. Forecast trailing estimates. It is falling quite a bit, down 21 . We are seeing earnings. One of them, into it intuit. Past quarters of growth has been says growth will be robust and that will boost next quarter. What does it mean a late tax easing . It means they will file later. But they are still do . Due . Delayed. Lets look at developments in ukraine at this hour. President Viktor Yanukovych and opposition leaders have signed an agreement that should put an end to the bloody outbreaks. The package still needs to win the support of the protesters on the street. At least 77 have been killed in the violence that took place this week. We are joined by the director of the russia and eurasia program, the csis. An
Come on and talk about that. It is a bipartisan nsa bill and we will fill you in on all the details, what exactly theyre listening to and what they are not. About also going to talk ,hat is going on in the ukraine what he is telling Vladimir Putin, backup or it will cost you. We will tell you all about what is going on in that breaking malaysian flight 370, what we have got there. I want to go over to julie. Lets start with carnival, the Cruise Line Company that suffered from a lot of corporations lows. The company Beat Estimates and narrowed its forecast for the year and brought down the top and. It will seesays higher costs and lower ticket prices fear that well be eating into its bottom line and the stock today. Walgreen actually missed forecast. Or share the numbers reported for last quarter. Set in the second half of the r it would be closing boots are going to be higher than anticipated. That seems to be pushing the shares higher. American apparel, some of the bestknown penny sto
You. Ibm is holding the annual Analyst Meeting on wednesday. In an interview with the new york times, the ceo virginia ramedi says the computer giant is facing rocky times but the company has a clear vision in how to pursue another round of growth and transform ibm for the next decade. Last month ibm reported the lowest Quarterly Earnings in five years struggling with fallen demand for the software. Warren buffett made and big investment in ibm. A clear vision. A clear vision . Youre suggesting its a double no, im just saying i would like details on what the clear vision is. Its very hard but we have a clear vision on what we need to what is it that you need to do . Not that i would understand . Transition to a cloud base. Well see. Hopefully division is the right one that you can implement and you wonder about competitors. It is hard to reinvent ibm. It is not just medium old tech. For quite a while, you wonder is that the right strategy or a different one. Are they continuing to stay
Energy prices are likely to be a point discussed at todays fed meeting. The fomc is expected to turn off its massive Bond Buying Program while ensuring investors it will start ready to act should the economy be threatened. And we will have Steve Liesman joining us with the exclusives from the fe survey later this morning. The s p caseshiller index, consumer confidence, and Third Quarter housing data. As for earnings, among the names posting Quarterly Results before the bell, dupont just hitting the tape. Pfizer, auto nation, corning, when i will pool. Coming this up afternoon, facebook will be on Centers Stage after a market closes. We have the dow looking like it will open higher. Up about 11. 5 points. The nasdaq will open higher, as well, by approximately 24 points. Earnings per share, sales, 7. 5 billion. Revenue is 7. 87 billion. So its a different number. 7. 87 compared to 7. 95. So maybe just a little bit shy of expectations. But pretty close. And then for the year, the company