Sexual misconduct. And only on cbs this morning, Oprah Winfrey reveals the newest choice for her book club. The lucky author will join us here in studio 57. We begin this morning with a look at todays eye opener, your world in 90 seconds. Everythings coming back. They all want to be where the action is. America is once again open for business. Stock markets take a dramatic nosedive. The dow seeing its biggest oneday point drop in history. Accused me of illegally leaking classified information and if didnt give him a standing ovation at the state of the union, apparently unamerican, as well. Treasonous . Why not . Larry nassar received a third and final prison sentence. The judge tacking on another 40 to 125 years. The sheriffs deputy is dead after a shooting in colorado. Three other officers were injured. An outstanding member of my agency. A deadly pileup in iowa on a snowy strip. The crash shutting down the highway for hours. Never seen anything like this. All that mvp nick foles of
9th, that crazy friday, our reporters are standing by breaking down the market since then Bertha Coombs and bob pisani i think the important thick is weve seen quite a recovery in the markets but not for everything let me show you a few charts jpmorgan, a big recovery remember what happened on february 1st it was like 117 then goes down to 104 on the 5thand its com back around 116 thats a roundtrip. Also boeing another big one, 357 on february 1st 317 on the 5th. Thats a 40 drop, back to where it is, roughly 356 or so. Theres a roundtrip some stuff hasnt recovered the consumer names havent recovered. Cocacola goes to 82 and its hovering around that exxon, the oil stocks have had a hard time. 89 down to 73. That hasnt recovered. Part is on the fact that oil didnt have a big bounce heres the important thing the s p on the whole has recovered a large part of its losses we lost almost 300 points from the high to the low on the s p and you can see all the numbers were looking at the importa
7 00 p. M. Tonight. We have an issue tomorrow before dawn there will be snow arriving in parts of the region, especially the western suburbs, maybe a little bit right down the shore, as well. It will be on and off through the day on tuesday, only looking at a coating to two inches. A slippery morning commute will be possible in areas that see the snow, during the day temperatures will be above freezing and most of the snow winds up on the grass, well be here tomorrow morning to get you through that in case it gets here early. Karen what have you got on the roads this morning, fortunately no snow. Reporter we have rain in some areas, but over here we have a disabled vehicle that popped up on the vine street westbound at broad street. We have penndot on the scene, watch for that traveling westbound. Northeast extension heading northbound between quakertown and the lehigh valley, construction blocks the right lane, but we see the green traffic flow in the area. Not causing too much of a p
The road map begins with ibm, sales falling for the 13th straight quarter. Ibm not the only stock were reporting on this busy weeks this week. Mixed quarters for vz and united technologies. And facebook the company overtaking overtaking General Electric in market value. Ibm, sales down. Adjusted earnings did beat but the performance of the traditional and software dragging. Earnings hurt by the strong dollar. And they expected a slightly stronger currency impact. The cfo is calling the results a reflection of where we see longterm value in i. T. This will take some time. I think one of the things that happened that was wrong were ibm was that the stock ran in anticipation this would somehow be a breakout quarter. The cf so great. He made it clear it wasnt going to be a great quarter. I kept thinking what about what he said made him feel like this was the one. Software was not as long as id like. Backlog did grow. There were problems in brazil russia, india, china. I am not defending th
Zinc. Apple shares under pressure with a rare disappointment for investors. Shareholders also frustrated with yahoos results and microsoft posted the largest loss ever. The story of the morning, apple with results did beat on the top and bottom line but iphone shipments lower than estimated and projecting Fourth Quarter below estimates. They didnt break out the apple watch sales as a category but they did address demand. A major highlight for the last quarter was the launch of apple watch in april. As you know weve been very excited to get this revolutionary product to customers. We started taking preorders in Nine Countries on april 10th and demand immediately exceeded supply by a large margin. As i look at all of these things, we felt really great about how we did. Of course the apple watch is fun to talk about but the phone metric is key. 47. 5. Best Third Quarter growth ever. Are we to believe the quarter hinges on if it can hold 119. I think there are many issues involved with app