Youre looking at the cac, and the dax up as well. Lets take a look at crude before we get to merger monday or unmerger monday. The wti trading at 4 45. 63. Halliburton and baker hughes scrapping a deal, following opposition from european and u. S. Antitrust regulators. It would have combined the second and Third Largest Oil Services Company and it raised concern it would result in higher prices. Last month, the Justice Department filed a law suit to stop the deal. And as a result, halliburtons going to pay baker hughes a 3. 5 billion breakup fee. I guess you could argue both sides of this, andrew. We know events, its already happening, 7 increase in the price of oil back to h45. The industry will come back, and at that time you have a powerful anticompetitive. Potentially. But in the meantime, it obviously made a lot of sense for both companies to try to pool their resources in such a tough period. And i just wonder, you know, its a fine line to draw, depending on whos president and wh
Earnings today after the bell and the two companies have one thing in common investors are disappointed. First netflix. Shares falling and falling hard initially in afterhours trading. The Video Streaming Service says it wont add as many subscribers this quarter as expected. The reason, price increases. And on the other hand, the numbers for the most recent quarter werent bad. Not bad at all. In fact, the Company Earned 6 cents a share, doubling expectations of 3 cents a share. Revenue a little shy of estimates but up 24 from the prior year. It was, however, the subscriber forecast that got shareholders attention and pressured the stock, as you see there. Julia boorstin has more now on netflixs results. The key factor driving netflix lower, its Second Quarter projection which fell far short of expectations. The company says it expects to. 5 million new subscribers compared to wall street expectations it would add over 4 million new. With lower than expected subscriber numbers comes a l
Their highs of the year and the two things that helped get them there are the same two things that held the Broader Market back for so long, china and the financials. Data out of china overnight put po expan in a buying mood. For the first time in nine months but it was earnings from jp morgan that sparked rally in the beleaguered Banking Sector helping stocks across the board. By the closing bell all the indexed gained more than 1 . The Dow Jones Industrial average rose 187 points 17,908. The nasdaq added 75. The s p 500 was up 20. Bob pisani has more on the rally in the years worst performing sector. Reporter jp morgan kicked off earnings season for the big banks and markets and the news was positive because they beat expectations and ceo jamie diamond wa modestly upbeat noting the u. S. Economy continues to chug along. Now if that doesnt sound like much, rem, most bank stocks are down more than 10 this year including jp morgan. Theyve been like zombies wandering around aimlessly bec
Ibm and netflix, both reported earnings today after the bell and the two companies have one thing in common investors are disappointed. First netflix. Shares falling and falling hard initially in afterhours trading. The Video Streaming Service says it wont add as many subscribers this quarter as expected. The reason, price increases. And on the other hand, the numbers for the most recent quarter werent bad. Not bad at all. In fact, the Company Earned 6 cents a share, doubling expectations of 3 cents a share. Revenue a little shy of estimates but up 24 from the prior year. It was, however, the subscriber forecast that got shareholders attention and pressured the stock, as you see there. Julia boorstin has more now on netflixs results. The key factor driving netflix lower, its Second Quarter projection which fell far short of expectations. The company says it expects to. 5 million new subscribers compared to wall street expectations it would add over 4 million new. With lower than expect
Prices. When those prices drop, people start buying stocks. Thats how you can have a day like this one, one that started with a horrendous terrorist attack in brussels, which justifiably brought down almost everything at the opening, then a rally in the afternoon. Dow only falling 41 points, s p declining 0. 9 , nasdaq advancing 0. 27 . By the end of the day, the stocks getting hit were the ones directly related to travel and leisure. Those companies will suffer because of a loss in business as the world is on edge. Makes people want to stay at home. The rest of the market was able to mount somewhat of a comeback because of this thing im calling this underlying bid. It seems to be there since the bottom of this market on february 11, when murky issues involving energy losses, weak european banks and insurging populist politics to the the bears. How is it possible with these terrorist attacks didnt cause a more lasting decline in the stock market, at least for this day . First, these at