Us down. Everything is cyclically oriented so it is a risk off tenor to the markets. It is there where amazon lives and not in information technology. The best and worst performers today in terms of index point contributions to the s p 500, we have amazon, on the upside of 9 after recording Record Net Income and part of the because of the strength of its web services division. Gileads hepatitis c drugs came in lower. Some of the best performers related to earnings, monster beverage being because of its relationship with cocacola. Resources raising its output forecast for the year. Downside. Seagate coming in with results below estimates and sky works as well suffering from waiting apple demand. It is one of the apple suppliers that has been hit as people have been buying fewer iphones. A lot of Energy Companies going into earnings season. That sector was supposed to be a big drag. Is beating estimates because this is how it works. Butyone beats estimates that is it. Here are the exampl
Formula is going to hurt its Third Quarter revenue. Plus, apple has reportedly sold two suppliers. Its cutting orders for the new model of its iphone and upping orders on its high end 5s. Hello and welcome to this wednesday on Worldwide Exchange. Plenty to talk through on todays show with the clock running down on debt ceiling. Well hear from one guest who says markets are still unfaced by the risk of default. Clearly if you take a look at the price action, john kenalli joins us. Never mind the debt ceiling threat, one of the biggest ipos join us. Japans softbank had a boost after securing a majority stake in the finish gamemaker supersoft. Could this be a sign of more m a in the pipeline . And here in london, we get the latest unEmployment Data 23430 minutes. Has the rate dropped closer to the knockout for forward guide yaps . If thats not enough, the London Stock Exchange is playing host to russian Business Leaders. Thats a first on cnbc at 10 40. But first, as you might expect, u. S
Barrons and Jonathan Hoenig of capitalist pig hedge fund. Jack, what do you think, does he have a shot at this one . I think he has a shot but problem with jumping on this, assuming the Defense Department says, sure, anybody can send a satellite off with top security. This is melissa he made it into the space industry. No one thought he could do that. This seems easier. I think he is capable technologically melissa he got the contract. He convinced them to give him a contract with spacex . This is highly sensitive stuff. They want to make sure he is a Good Relationship and doesnt turn into Edward Snowden guy on the. Look at phil falcone, that he went through with lightsquared and how he thought he had approval, from i think it was from the Justice Department to get that part of the satellite and he didnt. And it screwed up his whole business model. When you deal with the government it is very touchy. Listen, he is not betting the ranch. That was phils program he bet the ranch on that b