The gas business and mitsubishi would look into the turbines. And pipeline Williams Company is acquiring midstream for 6 billion. This will give them Master Limited partnership. Andrew, a lot of activity out there. That is. It was a crazy, busy weekend. To believe all those deals are happening. Plus well talk about the inversion step. This deal is different from the ones we have seen before in terms of why the Tax Implications are what they are. This is more about the money being abroad and not bringing it back. And well also talk now about other Corporate News because a rough sunday was had by target. A glitch in the retailers customer checkout systems ended up causing huge delays, long lines at some stores in five different states. And social media blew up everywhere with complaints of the backups. The company says the glitch is not related to a security issue, but nonetheless, if you have read the twitter feeds, you would think other things. Well, the global markets, meanwhile, cont
For a while it looked like we might outperform, bill. Now the dow is off 1. 6 . 267 points. We needed to add 50 if we wanted to be positive on the month. The dow is down 1. 6 . The russell is down 2. 3 . The small cap stocks are taking a big hit today. Another recent leader in this market to the up side, the transportation stocks, down sharply as well today, down 115 points. A lot of breadth across the selloffs, it is pretty indiscriminate. If you are a value investor, that should mean opportunity. But the vix popping by about three points today, at 16. 5. We havent seen a move like that in that index in quite some time. Heres how we stand right now. The dow off 263 points. 16,616 is where we are trading now. Nasdaq off 1. 9 , shedding just about 83 points on the session. 4,380 or so is the level. The s p 500 over 33, down all the way below 1,940 down to 1,937 at the moment. Lets get to it. Cnbc Heather Hughes from the sun america funds, doug walford forecommercial wealth advisors. Jo
Microsoft this morning, the company beating on the. Top line, but missing on the bottom line. Microsoft telling investors it ames to get its nokia unit breaking even in two years. We will have more on that in just a couple of minutes. As for apple, revenues fell a bit short. Asia, a key part of the story, ceo tim cook told analysts the companys performance in china was honestly surprising and we will have more on the streets reaction to apple in just a kup couple minutes. In the meantime, im going to send it over to kayla. A lot of moving parts in that. We are watching a number of other stocks today. First up, video game publisher electronic arts. The company is hosting better than expected earnings and revenue egz. Results were helped by strong sales such as titan fall, original revenue and cost control. That stock after hours and yesterdays trade down by 0. 5 . Ju juniper, meanwhile, below expectations. The network gearmaker citing delays in Closing Sales deals at some north american
Points at 13,113 and nasdaq at 2 plus point, 2988. The s p struggling, down a tiny fraction now at 1412. It could have been worse if not for the better than expected gdp. Investors still worried about the Corporate Outlook and apples disappointing results last night. The looming fiscal cliff and election and on and on. Here to help us in the closing bell exchange, stephanie link and Steve Leesman and peter sh ii shiff will join us as well. 2 3rs is not enough to sustain, putting the unemployed back to work and taking idle factories and putting them back to work. The consumer seems to be hanging in there. The negatives seem to be a big part of it was defense spending, 0. 7 of the 2 was defense spending, although that was a pay back for 3 4 of declines weve had. This needs to turn around to have a good recovery and have this economy firing on all cylinders, thats not been the case and business seems to be holding back. Stephanie, youre blaming the uncertainty over the election, right . Y
Stocks . It may be early if youre trading oriented. I wouldnt be surprised to see a bit more choppy action and perhaps that extends but we may not quite have gotten there yet. Well keep watching for possible further decline in the market and deterioration on the earnings story. Rich peterson, we knew we were going to look at a contraction, how Many Companies . Is it 25 of the s p 500 has reported . Thats correct, little bit more than that. 23 have missed. But the dilemma they are saying is trying to find growth. When we started on october 9th when alcoa kicked off. A 1 to 2 decline in Third Quarter earnings. Financials has been the main stay, in part maybe we look at the numbers today, a little improvement, little help by refinancing, which is helping Consumer Cash flow. But the revenue hasnt been great, right . Thats going to continue into the Fourth Quarter and First Quarter of 2013. Low single Revenue Growth. You want to buy stocks and know youve got revenue so anemic and knowing th