martha answered i am the beech tree. the beach is the mother of all trees. and the beech tree has a smooth skin, but it s very hard and impenetrable. and because i m the mother, then all the other trees are underneath me. it is the mother tree. and it is impenetrable. she has always believed that she can weather everything. martha started planning her comeback the moment she was arrested. [applause] today, in what was one of the more surreal news conferences we ve seen in quite some time, the homestyle maven says she is ready for jail now. - good morning, everybody. and thank you for coming here today on such short notice. for two years and seven months, she had no control. it was advertisers upset and attorneys telling her what her plans were. the government, both prosecutors and securities regulators, on her tail. that s quite a long time to really eat away at a company. - the only way to reclaim my life and the quality of life for all those related to me, with certainty n
Lets get to our roadmap this morning right back here in the good old us of a. Twitter Major Concerns over user growth sending shares down sharply after the social Networks First Earnings Report as a Public Company. While twitter is slumping Green Mountain coffee seeing plenty of green, rallying after coke agreed to take a 10 stake in the company and help launch an athome cold beverage system. Shares of gm down a bit this morning after earnings and revenue were well below wall street estimates, although restructuring maybe a part of that. Gm january sales also fell 12 . That was thanks in large part to what they said was the bad weather. Of course we had that news earlier this week. All right, lets start with twitter. Shares are down sharply. Lets see. Right here i got 51. 26, 51. 34 bid despite posting betterthanexpected Fourth Quarter results in its First Financial report as a company. Concerns about the user growth is weighing on the stock. Twitter said it averaged 241 million monthl
Having said that, we hit an alltime high on friday and we continue in that direction today. Another alltime high for Standard Poors index. Lets get over to bob pisani and find out what happened on the street today. I want to point out, this is the big week for earnings, 25 of the s p 500 will be reporteding this week. Heres what we had today. S. A. P. In europe, big numbers lifting the European Tech stocks. Alleviating what we heard from ibm. Vf corp, historic high. Lennox, historic high. Phillips electronics, big company in europe, good Earnings Report. Akzo, up. A little disappointing on mcdonalds but hasbro, historic high for hasbro as well, beating on revenue and bottom line as well. Again, an historic high. We did have concerns, some companies missed their sales estimate. Thats what happened with gannett, moving lower. Ratesensitive slid a little bit, to the downside. Home builders dealing with higher rates, to the down side. We just got netflix earnings. What have we got . Just c
And were going to talk about obviously one of the major implications, supply from the middle east of oil and the threat of massive disruptions there. With us today is lord john brown, former ceo of bp. He has a new book out entitled the glass closet. He also will respond to governor perrys comparison of alcoholism and homosexuality. A big hour coming up. The meltup weve been talking about recently has kind of melted away. The Dow Jones Industrial average is off about 15 points on the trading session. The s p 500 is traded up just a fraction. The nasdaq composite is up about a tenth of a percent. As for the transports, last trade was down about 14 points on the trading day, and the russell 2000 has been in negative territory as well. Theres the transports, down about 15 points on the trading session. Russell 200, well show you that in just a sec. Now its turned positive by about 1. 7 on the trading day. Seema mody is in times square, bob is here at the exchange. Bob, were coming off our
I finally figured out why were playing pearl jam. Amazon, microsoft, seattle. Are they a grunge band . Are they from up there. I finally figured it out. I love the quizzes they give us. I think of nirvana. Pearl jam, seattle. I have that programmed in. I dont listen to it a lot. The pearl jam station . Is it 42 . No, is that the joint . I dont know because i have it programmed in. I think it should be myself i think it should be the pink floyd channel. No, no, no, i like pearl jam. No comparison. Youre right. There is no comparison. Amazon, you get up to 20 billion a quarter and you are able to make money, pay everyone, keep expanding. I dont see anything wrong by that. I was surprised by the decline in the stock price, too. Its just a little. The reason, they continue to invest. Thats why the numbers are lower. Its not even margin based. On 19 billion, you should make more than 100 million. This is supposed to be the year amazon went from not making money to making money. I get it, do