Lower. Plus, scp is on track for its worst trading day in 12 years. The german Enterprise Software giant slashing revenue forecast of ongoing covid lock down for its business of course, the race for a cure Drugmaker Astrazeneca says its Coronavirus Vaccine triggers an immune response amongst older and younger adults carl david, well begin with that sap story, and asking if that is something european or something bigger especially for mega cap tech im struggling with the reasons for it very dismal outlook. Frankly, you could argue this stock is still too high at these prices which is substantially down 20 theyre talking about a cloud slow down. Can we understand that cloud has acsce accelerated every business when you upload an sap program in the cloud it does far less for you. There is someone who facilitates going from the private to the public you know something, i got to tell you, carl, this point stinks it does. I had the previous ceo on a coceo ms. Morgan and do you know three wee
Republicans, 2027488001. Independents, 2027488002. Us your firstext name, city, and state at 2027488003 or join the conversation on twitter cspanwj and facebook. Com cspan. We will get to your comments right after we hear a little bit more from Mitch Mcconnell on the floor yesterday outlining what we will see today in the senate. [video clip] a few minutes ago the senate was notified the house of a senates is finally ready to proceed with articles of impeachment. By unanimous consent, we have laid some of the groundwork that will structure the next several days. We have invited the house managers to come to the senate tomorrow at noon to exhibit their articles of impeachment and later tomorrow afternoon at 2 00 p. M. , the chief justice of the United States will arrive in the senate. He will be sworn in by the tem, chiefro grassley. We will pledge to rise above petty factionalism and do justice for our states and the nation and we will formally notify the president and some in the pres
[captions Copyright National cable satellite corp. 2020] while we wait for the Vice President in florida, well look at some of todays washington journal. Our table, jeff fortenberry, republican of nebraska. Lets begin with the story in the washington post, the president plans to divert 7. 2 billion in pentagon funds for the border wall. Congress controls the purse brings pursestrings. Are you ok with the president deciding to divert this money . Guest first of all, good morning. This was a topic of discussion as we worked through the appropriation process. There is 12 bills and it takes the bulk of the year. Sometimes it doesnt get done. There is the threat of government shutdown. That did not happen this year. There was the attempt to find common ground. Earlier this year, there would be limitations on how the president could potentially use wall funding from other sources, those were lifted and we moved forward. There is a court case about this. Another court has stop the injunction.
Results as leadership speculation swirls. Lets look at how we are positioned on the markets. Australia, looking like a flat open. Moved loweres have on that news from apple. Nikkei futures off about a fifth of 1 . New zealand has been trading for about an hour now. Ospi futures the latest company to announce fallout from the coronavirus. Joining us, mark gurman. Background into this announcement. Apples second revenue adjustment to years in a row. This time it also has to do with china but for a different reason , coronavirus. Billion for the march quarter. They are not saying what the new Revenue Target is. It is very clear that this is happening an impact on them. Sales in china are down dramatically. Two stores, most of which have been closed in february. China is the third biggest market. Second, the iphone is temporarily constrained, meaning they are producing less and selling less in the quarter. Andiphone makes between 50 60 of the revenues depending on which quarter you are loo
A full 2 percent or we see the country by country projections also fell in line with the trends the Organization Also normally warned about the increasing risks of leverage corporate debt. And Major Players in finance are calling on the u. S. Federal reserve to create a standing means for intervening in money markets to the fed intervene for a 3rd straight day to inject 75000000000. 00 of liquidity in the early hours of thursday the fed again had to act to ease tightening and then over subscribed overnight option the market for repurchase agreements or the repo market is a core correcting mechanism of the modern Banking System in which banks finance their overnight credit needs on a daily basis the fed was forced to take action of the type not seen since the aftermath of the 2000 a Global Financial crisis or watch the federal funds rate which the fed is supposed to manage rise out of the feds target range and fundamentally undermine confidence in the feds ability to perform its primary