American express reports earnings after the bell, but critics say perks are not what they used to be and it is weighing on the dao component. We have a debate on it. How much the credit card craze is happening amongst millennials. Intense, yes. Thats ahead. We begin with ibms fall after reporting its 20th consecutive quarter of year on year revenue decline. The company cfo discussed that when we spoke to him after those results. That 20 quarter headline is probably not the framing that were thinking about. Were thinking about how do we continue to move the business and our clients to get to growth. Now, the portfolio, the portfolio will grow. I am confident that the ibm company will grow again, but it is taking you know, were taking time. Our baub pisani over by the trading post with more. It is weighing on the market today, bob . Great. Good to see you. Theres a new risk to the market and thats earnings risk. We havent had it before. Let me show you ibm. They normally do four million
Later, bill orilely is officially out at fox. First, the crude plush oil having its worst day, settling down nearly 4 . Gas inventories in the u. S. Jumped for the first time in two months, sparking demand worries. Energy stocks by far and away the worst performance sector, following the commodity lower. When crude turned lower, the markets went along with this. Lets put this in context. You stalled tax agenda, falling oil. Its a bad earnings reaction. In fact, ibm the worst performer on the dow, on its earnings today. So the perfect storm brooi brewing for stocks. Steve, what do you say . When you look at crude, you look at the prism of the 50 mark. The stocks, the actual commodity. But i have been negative on krudz and crude stocks, feeling at the saudi aramco potential ipo has been a real setup. Its the biggest head fake for me. Because every analyst, every buy side is looking to get a piece of it. Every sell side is looking to buy into that event. Its setting up literally for a per