The road map begins with ibm, sales falling for the 13th straight quarter. Ibm not the only stock were reporting on this busy weeks this week. Mixed quarters for vz and united technologies. And facebook the company overtaking overtaking General Electric in market value. Ibm, sales down. Adjusted earnings did beat but the performance of the traditional and software dragging. Earnings hurt by the strong dollar. And they expected a slightly stronger currency impact. The cfo is calling the results a reflection of where we see longterm value in i. T. This will take some time. I think one of the things that happened that was wrong were ibm was that the stock ran in anticipation this would somehow be a breakout quarter. The cf so great. He made it clear it wasnt going to be a great quarter. I kept thinking what about what he said made him feel like this was the one. Software was not as long as id like. Backlog did grow. There were problems in brazil russia, india, china. I am not defending th
Kate upton has gotten involved. Ashton kucher got involved. But kate upton got involved. Lets bring up pictures of Ashton Kutcher for andrew. Kate upton got involved. You didnt see the paper yet . I didnt see the physical version. Uber. Is that what they . Come on. Buber boom. They got in trouble. Did you see the nerve that twitter had a party and they had plastic cups with like i dont know animal house type of thing. I guess. Nobody has any fun. I understand. Welcome back. She had a family reunion. There were some complaints. Congestion. It was your family. No we had a great time. Serve there. Most of them are still there. It wasnt an actual revival. No. They had a good time. We had a lot more to talk about today but we had 30 people there in two houses. That sowns fun. Especially for kids. It was. Movie watching at night. Out on the beach all day. Did anyone say hold this beer while i do this . No. No. You know that one right. Hey, guys watch this. Someone in your family died after s
Big premarket moves on mixed results from cat, gm and mcdonalds. Global volatility, a common theme. Apple cut its spending forecast by about 1 billion. Well explain why. Qualcomm looking for 1 billion in cost cuts by trimming workforce by 15 . First up caterpillar shares taking a hit on a quarterly miss hurt in part by weakness in mining and construction in brazil and china. Cats lowering their full guidance. Doug oberhelman did talk about it. At some point, the economy will stabilize and business will pick up. It was too whose in 2012 and too slow right now. Somewhere in between is where we will be. Until that happens we have caught in this period where we have to hunker down and do everything internally day to day. Sales down in every region including north america. Oil and gas not helping. They lowered the revenue forecast for the year. They keep the adjusted eps forecast. He is a very nice man. Thats the key. He is a very nice man. You believe this is about him. Whats your main hea
Police say asouri, man was critically wounded after he shot at police. Which get down. Erik they had been tracking the he open fire. Donald trump will not apologize for comments he made about making kelly. He phoned in to deny he did anything wrong and says he has no problem with women. I have had an amazing relationship with women in business. Yousay that about a man, if say that about a man, it is a great honor area it is also a great honor when you say it about a woman. Stephanie Hillary Clinton will roll out one of the big ticket policy proposals of her campaign. A 350 billione plan to make college more affordable. We need that. A pair of suspects fired shots in is american consulate simple. News agencies say one of them was caught. No claim of responsibility. After jets arrived in turkey. Erik Frank Gifford being remembered as a star on and off the football field. He died yesterday at 84 years old. He had a hall of fame career for the new york giants. He was very call him. He was
Boosts guidance shares higher. Disney, cbs and fox slapped with downgrades at wells fargo and sprint ditches contracts. Youll hear what the ceo had to say about that. Walmart did miss the q 2 results. The retail giant also lowering the fullyear guidance. Home depot raising their full year outlook. Revenues beat consensus with total comps up 4. 2. A year ago up 6. 4. People said today its hard for walmart to argue the consumer is weak when depot is killing it. Home depot is remarkable. They dont put up new stores. The technology, salesforce. Com, the merchandising, the staff, the energy, the low cost, the fast in and out, contractors coming back, the amount of money being spent on a call. The Conference Call will explain the areas theyre doing better. This is a juggernaut. Home depot is probably the best right now in terms of this kind of big box. Walmart. Its not the worse we have. You went down there. I thought the moment was selfafacing about what they have to do. I watched that inte