sentiment and there is a look at how the economy is doing this morning. our road map begins with disappointme disappointment. investor disappointment in apple. shares back below 400 despite the iconic tech company now becoming the single biggest dividend payer in the world with the largest buyback plan ever launched. add to that the first drop in profits in the decade. is the romance finally over? #rebound. the market s looking to open higher after shaking off a dramatic snap sell-off following the erroneous tweet yesterday. earnings from both topping estimates. and bird flu in china, aside, yum brands serving up a consensus quarter with reaffirmed guidance for the year. apple falling back below 400 this despite better than expected second-quarter results. dividend and buyback moves designed to return 100 billion in cash to shareholders by the end of 2015. wall street focusing on the weaker than expected revenue guidance for the current quarter. ubs and nomura cutting
pawlenty, former minnesota governor preparing to run the financial services round table. pawlenty, former minnesota governor preparing to run the financial services round table. pawlenty, former minnesota governor preparing to run the financial services round table. pawlenty, former minnesota governor preparing to run the financial services round table. pawlenty, former minnesota governor preparing to run the financial services round table. plus the sting operation that led to the arrest of a terror suspect yesterday. agents grabbed the man armed with a cell phone that he believed would detonate the bomb. authorities say the plot never posed an actual threat. andrew has this morning s top stories. that is amazing like out of a movie, but it was true. let s get to you some of the headlines. verizon reported third quarter earnings of 64 cents. matched wall street s estimates. revenues also in line. ceo says the company remains solidly on track to meet financial objectives for
several positive trends, including an increase in deposits, mortgage originalation and small business lending. as well, kayla, i know you were on the reporter calls. the analyst calls beginning shortly, i guess. it began at 8:30. i think there s still unprepared remarks, as well. it was interesting to see the stock up, even if it was just slightly in the premarket because on the face of it, the numbers aren t great. but there s two things at play here. one is the fact that in the third quarter, we saw bank of america settle some legacy litigation regarding merrill lynch and what it told shareholders about the quality of merrill lirn assets when it bought that company. i think investors were really excited to see that actually just get out of the way. bank of america actually came out in front of its own earnings and at the end of september said we re going to take a $1.6 billion charge to our earnings because of this settlement. investors had a settlement. they see that as
nicole: there was a lot of shock here. right in the morning we heard about the fact that he was stepping down and quickly to follow was the chief operating officer. we learned that he was clashing with the board on many things such as strategy, performance, the morgen stanley unit was big in that and other things as well. right now you see citigroup has been all over the place. it has been higher by three quarters of 1% after being down at a level of 35.55. people digesting what we have been seeing from citigroup. as far as the major markets, dow jones up triple digits. just went through the dow 30 and some of the names that hit 52 week highs. i have five names for you. johnson and johnson, traveler about walmart, merck and pfizer. they have hit 52 week highs. we continue to follow the nasdaq. it is tacking onto yesterdays gains. you can see all three of the major averages. another factor that we will continue to follow is gold. it is up eight dollars today. dagen: thank you.
wall street preparing for citi s conference call coming up at 4:30 p.m. eastern time, 30 minutes away, after the shocking resignation today of ceo vikram pandit. you can hear that call straight away live coming up in a few minutes. we ll take you on that call. kayla is here first with this evolving story. over to you, kayla. thanks, maria. we have i want to run through what we know so far right now. let s think about this turn of events for citigroup and how this came about. we know from sources that the board has been ramping up this search for the last several weeks. we don t know exactly the catalyst for that, but they did start planning for succession back in august. now, as far as what we know, maria, vikram pandit told you that he gave a call to citi board chairman mike o neill after the earnings call yesterday to discuss the fact that he was ready go. now, in the wake of that period of time, we don t exactly know what happened during those last few hours. we know t