Companies, two big disappointments and two stocks that carry a lot of weight. One of them the dow, the other the nasdaq, big blues Quarterly Report out after the market close was another in a long line of revenue misses, income continues to be hurt by sharp declines in hardware sales. Ibm earned 2. 54 a share, right along with predictions but revenue missed coming in at 22 and a half billion, less than expected. That sent shares initially lower in afterhours trading. Morgan brenner has been looking through the report and has more on that. So morgan, as you look through the numbers what do you see as the key takeaway from ibm. Well, ibm is one of the ones with the bigger numbers, but shares have continued to weigh on their growth, countries like brazil, china, revenue falling in those countries about 11 from a year ago. But none more so than china. So revenues in the worlds second largest economy actually fell about 20 from a year ago. That is as demand for servers and storage products
The pope announces his resignation that is something that hasnt happened in nearly 600 years. Well tell you why he says he has to do it. A record breaking reward in the man hunt for a former police officer. Why the mayor of los angeles says this reward is urgently needed. A surge in copper theft across the bay area could be leading to more traffic. Well tell you why cal tran and other agencies are having trouble keeping up with prepares. Bioclean big cleanup on the east coast. Good morning. Welcome to a brand new day its monday, february 11th im dave clark. And im pam cook. Thank you for joining us this morning. If you like a mild winter, you are pretty happy right now. I will tell you though weve had three good months in a row. Now this looks like two back to back months below. We are running out of time here. Even the ten day outlook doesnt show any rain. It will be a quiet pattern and sunny and warmer. Well get there with temperatures upper 50s a few low to mid 60s. Here is sal. Ste
It hasnt happened in nearly 600 years. The pope is stepping down. What led to this historic decision announced just hours ago. Theres now a record breaking record in that unprecedented Police Manhunt in southern california. Well bring you a live report from los angeles. And Bay Area Companies have a new target meters. Big trouble for car owners. Tire slashers. They are targeting a bay area neighborhood. Mornings on 2 starts right now. Good morning. Welcome to mornings on 2. Im dave im dave clark. Im tori campbell. Breaking news. A stunning decision involving the leader of the Roman Catholic church. The pope is stepping down. Ktvus Tara Moriarty joins you live from San Francisco with more. Reporter some parishioners are wondering why the pope just didnt stay in office until he died. Were here at st. Marys cathedral. Its across the street from the San Francisco archdiocese where mass began about 15 minutes ago. For years there have been reports of the popes Ailing Health. But one of the
Companies, two big disappointments and two stocks that carry a lot of weight. One of them the dow, the other the nasdaq, big blues Quarterly Report out after the market close was another in a long line of revenue misses, income continues to be hurt by sharp declines in hardware sales. Ibm earned 2. 54 a share, right along with predictions but revenue missed coming in at 22 and a half billion, less than expected. That sent shares initially lower in afterhours trading. Morgan brenner has been looking through the report and has more on that. So morgan, as you look through the numbers what do you see as the key takeaway from ibm. Well, ibm is one of the ones with the bigger numbers, but shares have continued to weigh on their growth, countries like brazil, china, revenue falling in those countries about 11 from a year ago. But none more so than china. So revenues in the worlds second largest economy actually fell about 20 from a year ago. That is as demand for servers and storage products
Companies, two big disappointments and two stocks that carry a lot of weight. One of them the dow, the other the nasdaq, big blues Quarterly Report out after the market close was another in a long line of revenue misses, income continues to be hurt by sharp declines in hardware sales. Ibm earned 2. 54 a share, right along with predictions but revenue missed coming in at 22 and a half billion, less than expected. That sent shares initially lower in afterhours trading. Morgan brenner has been looking through the report and has more on that. So morgan, as you look through the numbers what do you see as the key takeaway from ibm. Well, ibm is one of the ones with the bigger numbers, but shares have continued to weigh on their growth, countries like brazil, china, revenue falling in those countries about 11 from a year ago. But none more so than china. So revenues in the worlds second largest economy actually fell about 20 from a year ago. That is as demand for servers and storage products