Markets slightly weaker yesterday. A couple of big stories this morning. The big one is hp reportedly planning to sell a majority stake in its chinese data networking operation for about 2. 3 billion. Heres whats going on. The wall street journal saying it comes after revelation that u. S. Spying for demand for tech products. Sis coe and others have had issues about this. Also in Economic News new numbers overnight showing chinese factory activity contracted for a Third Straight month. Chinese output shrinking at the fastest rates in more than a year. This is going to reinforce expectations for more policy stimulus. Geo political headlines this morning, isis saying its in full control of the ancient sere juan city of palmyra. Heres todays squawk planl. Key economic reports. Weekly jobless claims later in the morning. Manufacturing pmi. Existing home sales. Leading Economic Indicators in the Kansas City Fed survey. On the earnings front best buy will report Quarterly Results before the
That apollo group will buy chuck j. Just. And then with citigroup, now sayingite going to replace all customer debit cards involved in data breaches at target. The New York Times reports that the bank did not place the cards sooner because it warchblted to minimize disruptions during the Holiday Season. Yeah. United health is is tha jacket on . I think it might be at this point. Revenue, 3311. 2 billion. I dont have the right number to compare that to. Net margin, 4. 6 . Watch pretty closely now, given everything that is happening in health care. So the full year guidance that were getting must be for the next year. Which i dont have any right lane issues. The company said it was highlighted this quarter by the vong and consisteneeeen and its too early to tell what its going to do. Might be a 24 cents so or. We will look at the press release a little more deeply. Its a dow component, but we dont jump for this one like we do a ge or a is Comcast A Dow thats what i dont get. No. It is no
Close of trading reporting revenue beating analyst estimates. Facebook saw mobile Advertising Sales on the Largest Social Network surpassing those of desk top promotions for the first time. Qualcomm also out with its earnings. They reported fiscal First Quarter profits topping estimates. A profit of about 1. 26 per share. Bernanke in the central bank announcing they will trim monthly bond buying to 65 billion. The dow falling 189 points. Those are the top headlines at this hour. Back to you. Thank you, carol massar. Top Technology Headlines facebook, lenovo, and microsoft making news. Lets bring in bloomberg editor atlarge cory johnson. It feels like a triple tech play into one person. Thats because im three times taller. I was not going to mention. Ok. Go ahead. Tell me about the news regarding lenovo. Lenovo purchasing Motorola Mobility from google . It seems strange google getting into the business but it was first thought they were largely trying to get the patents. Moto x phones a
I have been there for about 23 years, and in the last five years i have been responsible for international business, and in february i assumed responsibly as ceo. Maurice . My name is maurice levy. I have worked at publicis, and i am about to change companies because i thought it was the right time at this point in my career to move to another job. I will step down from my position as ceo to be a coceo of a Company Called publicis omnicom, which is about to be born in the next few weeks months. Paul . Paul jacobs. I am the chairman and ceo of qualcomm, and i have been at the company basically since the beginning. We started in 1985, and i have been ceo since 2005. I am just about to step down as ceo and remain executive chairman so i can spend more time focusing on technology and innovation and less on some of the other parts of the ceo job i did not like as much. [laughter] peer . I am peer schatz, ceo of a Company Called qiagen. We are in the area of life sciences, and we work with G
Turtleneck to. My name is Doug Mcmillon and i work at walmart. I have been there for about 23 years and in the last five years have been response will for international business. And i took responsibly as ceo. Maurice levy, i have worked at publicis, and i am about to change companies because i thought it was the right time at this point in my career to move to another job. I will step down from my position as ceo to be a coceo of omnicom, which is about to be born in the next two weeks. Months. Jacobs, chairman and ceo of qualcomm, and i have been at the Company Since the beginning, we started in 1985, and i have been ceo since 2005. To step down as ceo and remain executive chairman so i can spend more time focusing on technology and innovation and less on some of the other parts of the ceo job i did not like as much. [laughter] eerre i api f were using Genetic Information for health care, in particular diagnosis. And for many people, they hear about Disruptive Innovation all the time