Dell drama. Today was supposed to be the day the future was decided but a key shareholder vote was delayed. What happens next . We have that and more tonight on nightly Business Report for thursday, july 18th. Welcome everyone. It is the heart of earning season and we heard from two of the biggest names in technology. That would be google and microsoft. Seema modi is here to break down numbers. Let start with google. Lets start with microsoft, tyler. Great. Reported a huge miss on the bottom line with Fourth Quarter earnings with 66 cents a share. Analysts estimate of 75 cents. Revenues came in weak. Microsoft has been hurt by on going weakness in the pc market and the on going consumer shift to tablets. Amy hood says while the Fourth Quarter results were impacted by the decline in the pc market, we continue to see Strong Demand for the enterprise and cloud offerings. One bright spot, microsofts entertainment and device business, which includes xbox game console, that business saw a 7.
Welcome to worldwide exchange. Im kelly evans. And im ross westgate. These are your headlines from around the world. Slowdown in germany wore worse than expected. Annual gdp came in at 4. 7 . Urging for actions, president obama and tim geithner say Congress Must raise the debt ceiling or cause irreparable damage to the u. S. Economy. And jump t to the top of the ftse 100 after Third Quarter revenue beat the forecast, burberry had earnings higher than expected. All right. Sorted out my mike issues. Worldwide exchange is slightly different today because were analyzing the first german gdp numbers. And i come to the u. S. Where its all annualized and we stick to the European Data and its quarter on quarter. Given the context, were still working through what all that means. Exports in november, down 94. 1 billion is where we essentially went. 98. 4 billion was the october numbers. So exports in november driving down. And that gdp number is worth pulling out. Exports for the year, up 4. 1 .
Points below fair value. We have some different nebs going on at the top of the screen than we do on that fair value board. Well check on that, as well. Dell is said to be in talks with private companies in reports of a possible guyout. The journal says jpmorgan is involved in the negotiations. Dell shares have been soaring near an eightmonth high on first word of this news yesterday. You can see up about close to 2 to the premarket sales. 64 is the last dip. In other technology news, facebook is holing a press conference today. No word on what the big announcement will be. Youve heard a lot of analyst saying it could have something to do with a morrow bust search feature. Also, banking regulators are ordering jpmorgan to tight. Risk controls after the banks multibillion dollar lending trading losses. The orders from the fed and the office of the comptroller, not named individuals have been called and they do not levy any monetary improvements on the bank. Including take risk outcomes
Guys, thanks. Gentlemen, thank you. Thank you. Good to be here. Good to see you both. Becky, thank you. Make sure you join us tomorrow. Squawk on the street starts right now. Good tuesday morning. Welcome to squawk on the street. Im Carl Quintanilla with melissa lee, jim cramer and david faber here at the new york stock exchange. Retail sales out about 30 minutes ago, up half a percent in december. Europe also fighting off the blues this morning, as germany has some lower than expected estimates, Fourth Quarter gdp. Our road map begins with a warning this morning from fitch. That the u. S. Could lose its top Credit Rating again if theres a delay in raising the debt ceiling. Fitch said the pressure on the aaa is, if anything, increasing. We are four hours away from facebooks secret announcement in menlo park. So far, the guesses range from a facebook Search Engine to a facebook phone. Would either product help lift the stock back with a high water mark. The debate kicks off whether dell
This is todays worldwide exchange, im ross westgate. Im kelly evans. These are your headlines two Japanese Airlines ground their 787s after a dreamliner makes an Emergency Landing. Transport officials worldwide step up scrutiny as boeings safety troubles escalate. A Helicopter Crashes in central london. Cnbc confirms it happened in the south of the capital. And auto stocks take a hit after europe logged a 17year low in new car registrations in 2012. Down 16 in december alone. It will be a big day for Bank Earnings in the u. S. Reports due out from jpmorgan and Goldman Sachs before the opening bell. All right. Its the middle of the week here on worldwide exchange. We come to you with reports of a Helicopter Crash in london south of the river, vauxhall. We know Emergency Services are attending the situation at the moment. Apparently the helicopter had just the pilot in it. There may well be others involved on the ground. What do you know about the area . Its very close to close to where