Picture. Analysts are forecasting for this quarter, thats going to be weak Revenue Growth. While we are seeing a reacceleration in gdp growth, that hasnt translated into higher Sales Estimates for this quarter. For q4, Thompson Reuters is estimating a. 4 jump in sales versus 3. 4 that we saw last quarter. Europe will also be in the spotlight this season. Analysts are betting that tech will benefit from the ongoing recovery in europe. Tech companies that have exposure to europe include harmon international, Electronics Arts and priceline. Last quarter, priceline saw an uptick in european sales. Analysts say the European Online travel market could offer considerable Growth Opportunities for priceline and the broader online traffic market, travel market, excuse me, going forward. When it comes to emerging markets, experts have a mixed opinion on business conditions. Last quarter, young brands and nike were cautious on china while General Mills saw strength on its earnings call. Management
Pledge of allegiance. Madam secretary, item no. 1. Roll call. Vicepresident lynn, ferrel, commissioner scott, fraser. Lane. Expected. We have a quorum. Action item no. 1. Action item approval of modifications of the minutes of the meeting setforth below 2013. Are there any corrections to the minutes . Second. Any Public Comment on this item . Okay. All in favor say, aye. Aye. Opposed . Unanimous. Item no. 2. Item 2, discussion item president s report. As you can see we have dr. Dodd back with us today. Im happy about that. [ applause ] and in the interest of time well move on to item no. 3. Item 3, discussion item, directors report. Lisa got pee. Directors office. We are very happy to see her today. We have some very good news on the personnel front, our well ness manager is starting on december 9th. Her name is now Stephanie Fisher because she was married last week. Shell be starting december 9th as our wellness manager. We are interviewing the compliance manager and our Service Manag
Even more so here in the new year. Coupled with a better economy not only here at home, but also globally. That brings me over to goodyear tire. The price target now 29 up from 26, they believe the guidance will surprise to the upside, the stock hit a new high, and right now a gain of about 3 . Showing you the gains we have seen. Cheryl with the s p 500 on a course for losses with five out of six trading days an so far ts year, how long is this slump going to last . Traders standing by the New York Stock Exchange, cme group and the nymex. Boy thing i see winning are the dow transports. Many investors get a spooked. If you look at the daily chart today, down close to 100 points, the market seems to rally and get back to the flat level, but there is a cloud on top of this market. Economic data has helped the market. Historically, it should set the tone, i hope not, dont think the earnings will come in where we want them to be based on the price of aluminum from 2013 coming into 2014. The
Business confidence there down for the first time in five months. Our roadmap begins with the nasdaq looking to turn around a second consecutive slide in biotechs, deterioration in what some of these momentum stocks we say. Cloud storage firm box planning to raise over 250 million in an ipo and list under the ticker box. Reports that manager knew of the gm ignition problems prior to the launch of the cobalt and withheld some vehicle data. First up the nasdaq hoping to rebound the morning after the selloff which saw the index closing at 5 1 2 week lows and biotechs took a hit and tesla and netflix. We talked about it yesterday, and wonder if this is a longerterm dynamic in terms of leadership. I think that gilead comeback yesterday was significant but a lot of the others didnt. You know, were going to be talking about box filing and i look at that offering and i say or drop box, too, i say, these are the kind of companies that are putting a lot of pressure on the rest of the companies.
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