Their heirs. Im tyler mathisen. And im sue herera. It was another down day on wall street, not by all that much, but the major averages did see losses. And the decline was driven by a selloff in technology companies. But it wasnt the small and midsized Biotech Companies we saw investors sour on last week. Now were seeing a selloff in the big cap games like amazon, google and netflix, all onetime darlings of wall street. After a choppy trading session the dow ended 4 points lower on the day, the tech heavy nasdaq slid down 22 and the s p ended lower by 3. Seema mody has more on whats behind the breakdown in thooers the these fastgrowing tech stocks. Reporter vesting in fast growth tech names has been success. Netflix up and google up a 55 . Over the past pun month, shares of these Growth Stocks have fallen sharply. Analysts say after the big run up in these games, valuation is becoming a concern. Plus as the quarter comes to an end, traders are selling the winners. I think in general yo
Abdullah for formal meetings and then a dinner later tonight. University of Michigan Confidence is at 9 55 a. M. We have blackberry earnings today. We will be joined by john chen, the man who runs blackberry. He will be joining us on market makers. It is more than curiosity. How is this Company Possibly going to survive . It loses money every quarter. The moneymaker for blackberry is going to be the enterprise customer. The fact that you have the value and cash on the balance. They are burning through it. Earnings at 7 00 a. M. Lets do a data check right now. Stocks, bonds, currencies, commodities. It is a backandforth week. Screen. Second i dont, cows know what 138 means. 138 per dollars pound . That affects everyones food prices. Lets go to this chart on spain. Inflation in spain. The financial crisis. Get over it. We got over it. Thank you, mario draghi. Off we go. Under the zero line. It may force some unconventional options as well. It is not greece, it is not italy. Significant d
The m astrategy at strategy. How to get your Business Customer who is runoff to write your document . This is microsoft going after playing catchup, which is putting their office suite on your ipad. You can look at it, but if you pay to use it, you have to 99. How much of this is catchup, how much of that is statement. Putting the product out to the market, sharing the scene with apple. It does take some big steps. Lets not decry the fact that ballmer was working like mad on this project. It just didnt he didnt get it to market before his departure. Of course were watching the italian banks. Yesterday we had results from the fed. The time, the french, spanish ones. This is by the way italys secondbiggest bank. It posted a 5. 2 billion euro fourthquarter loss. Investors are saying that this means theyre cleaning up their Balance Sheet paired they will be in a much better place in just a couple of months from now. The chief executive who replace the previous one in september is trying is
Narrowerthanexpected loss and well talk to Ceo John Chen about it first on cnbc. Cbs outdoor americas ipo capping off what has been a big week for offerings. Cbs Ceo Les Moonves and jeremy male will join us on a first on cnbc. And walmart suing visa for 5 billion over what the retailer deems excessively high credit card swipe fees talk about that. But blackberry did report much narrowerthanexpected quarterly operating loss of eight cents a share and revenue below consensus as smartphone sales fell across all regions. And john chen said they are on sounder footing with a path to returning to growth and profitability. Hell be a guest later on on squawk on the street. I dont know, eight cents, i think the estimate was for a 55 cent loss. Look, there are a lot of people who turned on this company no matter what they say. Now, there is revenue decline and theyre not talking about really great numbers for until fiscal year 16. But do you know what, lets just hand it to the kceo. There were p
Their heirs. Im tyler mathisen. And im sue herera. It was another down day on wall street, not by all that much, but the major averages did see losses. And the decline was driven by a selloff in technology companies. But it wasnt the small and midsized Biotech Companies we saw investors sour on last week. Now were seeing a selloff in the big cap games like amazon, google and netflix, all onetime darlings of wall street. After a choppy trading session the dow ended 4 points lower on the day, the tech heavy nasdaq slid down 22 and the s p ended lower by 3. Seema mody has more on whats behind the breakdown in thooers the these fastgrowing tech stocks. Reporter vesting in fast growth tech names has been success. Netflix up and google up a 55 . Over the past pun month, shares of these Growth Stocks have fallen sharply. Analysts say after the big run up in these games, valuation is becoming a concern. Plus as the quarter comes to an end, traders are selling the winners. I think in general yo