The day. Halftime report starts now. Welcome g good to have you with us our Investment Committee at the table today. Also with us on set today is cnbc senior economics reporter Steve Liesman in a few moments, as you heard, joined by adam bain stocks focussing on the fed. The twoday meeting underway why they expect to cut rates tomorrow the question is as we asked at the top, is it the week that sets stocks on a course for a new milestone or not its possible i want to be constructive here so if youre looking at if youre looking at technicals, you can say, okay, for the First Time Since last september, youve now got 72 of the s p 500 above the 200 day, which means more than twothirds of stocks almost 3 4 are in their own structure bull market. That happened last october i dont know how forward looking it is. It is a positive especially when you consider the fact that were getting participation from across the market its not very narrow its very broad. That being said, theres junky retail
November. Ibm is set to weigh down the dow today. Notching the 20th straight quarter of year over year revenue declines. Plus, a border tax replacement. The white house considering a elimination of state and local deductions needed to pay for tax cuts. Some drama at 21st century fox as advertisers flee. Reports that primetime star bill oreilly is now all but out. It would be the third major departure for the network in the last year. Ibm bills down sharply in the premarket. The miss on the quarterly revenue overshadowing the sales beat. Down for 20 straight quarters. Ibm had an 11 quarter streak of opening lower on earnings. That was broken last summer. Now appears to resume. Yeah. Look, this was a kind of quarter where they actually didnt close certain business anded that they closed and had they closed certain business, you know what, things are on target. The Gross Margins are not done as much as they were. The signings are surprised that they did misit miss it. We accept it for qua
Waiting for apple, the fed. Stocks are bouncing around in a very tight range. They opened higher, then they went lower. Now they are trading. S p is the leader. Earnings still remain in focus. Individual stocks moving on that rather than the entire market. Apple could change that. Eae a look for the latest on on the s p 500. The s p is orange for this current quarter. Im comparing it to energy and financials. We have already seen some of the countries in these Industries Report but not the majority. You can see the drop in energy and Financial Sales and earnings. We knew that going in. Some of the are worst performers in terms of the yearoveryear change in earnings. Overall we are still seeing the average beat rate around 80 . Thats pretty much the same quarter after quarter. Systems theer truck rental Company Coming out with earnings beating estimates. An hmo Company Coming out with earnings that Beat Estimates. When got sales here missing estimates in particular. Is in the samede sit
Investigatation. The new rertrt says the state dedepartment hit a key piece o evidence for two yeaears. 54 millionmemericans facing the threat of Severe Weather including tornadoes, l loong at the thth of storms on the way. Big surprise, and ownersrship stakee i in the company, sto w l be valued at 1 miion, great story for r the employees to arare. Apple shares takaking on earnin, ststock is down 7 , t the techny gianant deploying weaker than expected profits and revevenue r the sendnd quartrter. Apples outlooook a disappointntnt. We will take a c closer look at mbmbers later in the program and tell you how manipiphones they sold, that was a disappointme. Turning to the broaderer market acti a aund the world today that apple and earnings s news weighingn n investor sentiment, investors waiting for th Federal Reserve dedecision late daday and the bank of japan meeting tomorrow in asia slight decline acroross the board etettyty much fractiol moves t t lower. R. In europe rkrkets hovering
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