Morning. Welcome to countdown. It is 6 00 a. M. In london. Lets get those numbers from Credit Suisse. In the beating estimates Third Quarter. That is the take away here. Coming in better than estimated. That is more than doubling against the previous year. More trading taking place. No surprise that is a theme. They have seen a mixed start to october and advising everyone to look through their capital ratios. 9. 8 percent at the end of the first quarter. Activity benefiting from increasing volatility. Notember is a feature among october. We will have to see how that turns out. The five top u. S. Banks and their combined revenues were up two bloombergng intelligence. Critics will it last . Structural is a problem, not cyclical. Credit swiss has visibility. I am talking about litigation visibility. Last week Morgan Stanley released a report saying barclays, ubs, risk is ahead of them. Ubs was 3. 1 billion and credit swiss 1 billion and barclays 10. 2 billion in provisions. That is the es
Portugal recovering by more than 2 . That doesnt get back all the losses from yet. Lets get more headlines from sara. Billionaire investor carl icahn putting up the caution flag. Reuters says it is time for investors to be cautious about the stock market and hes been very selective about the companies hes choosing to purchase right now. Well hear more from carl icahn next week. Do you have something to say . I can just tell you, ive known him a long time, ive been to dinner with him many times. Hes always every time i have had dinner with him, hes on the stock market, every single time. And especially like carl that looks at first vacations, a lot of these ooips guys always sort of think that things are overvalued. Im thinking this time i dont know if we had children, i mif just had any daughter. So its 14 years ago. We had a huge discussion at dinner on and on and on about it. All these reasons. And he went up well, since then weve tripled, probably. But weve at least doubled over the
Well get more on all of it. An rue, apple reported report earnings. Strong iphone numbers,. Apple shipping nearly 40 million iphones and with a 16 year over year and better than analysts estimated the rt yeaher including only about a week or so or iphone 6 sales, but cook telling me demand so far for the new iphones has been, in his words, off the charts. Here is what cook told analysts on the call. Today, weve launched in 32 countries, including china, and our new iphones will be shipping in 69 countries and territories by the end of this month, making this our fastest and most successful iphone launch ever. Another high lie of the quarter, mac ships, the best in the history of mac. So what didnt work . Ipad clicking in at 12 million. That was a 13 drop. Consumers dont buy ipads as frequently as iphones and its increasing competition with smartphones from bigger screens. Looking ahead, coke is bullish on his companys prospect. I think this will be the best Holiday Season we have ever
Details, not so terrific. Rich peter the employment and down because 300,000 people left the work force. That cut the important Labor Force Participation rate to 63. 2 , the lowest level in 35 years. Employers reported they added 169,000 new jobs in august, slightly less than expected but the Labor Department revised down the number of jobs created in june and july by 74,000. The Federal Reserve has been waiting on this report to help it decide when and how much to take part, 85 billion a month in quantitative easing bond purchases and Research Note today, 4 of vice chair don combs said despite the weaker than expected report was not a disaster. The fed is kind of pre committed to tapering anyway sell it will probably go with a very gentle first step at its policy meeting in two weeks complete with a caveat about how it can be reversed. The piece of job growth has slowed during the summer months. It is not worried about a serious slump. More than half of that was efficient. And that ha
Are already there taking control. Today president putin watched his troops in russia practicing and as he bears down, the world is waiting to see how president obama will live up to his work. Three days ago, he spoke with costs for any military intervention by russia. Secretary of state john kerry is heading to the capital of kiev tonight and the u. S. Just announced they wont send a delegation to the paralympics in sochi that start on friday. The critics say the u. S. Response has not been fast or furious enough. Senator john mccain for instance spoke to cnn last hour. With ukraine, it is the crown jewel. Lets go back to peace. What kind of a message are we sending and slashing the military some. We are covering this international kroo isz from all angles the retired general. Phil black is in moscow. Help us clear up the confusion here. The question we want to know with forces, did russia issue an ultimatum and set this deadline on ukrainians if they dont swear allegiance or surrender