2010 low. We drop below 1100 an ounce. The big trade to watch in the currency market is sterling. A stronger pound up by 1 10 of 1 . Looking ahead to bank of england minutes and 90 minutes time. Mark carney talking about moving closer to a rate hike. All nine of the mpc members, and did one say it is time to move . Given the timing of the last meeting, that would have been a brave call to make. Here is the market open in europe. The ftse 100 troubles lower by 0. 8 . Trouble in tech has been a headline thing at the earnings from the u. S. And the big western for the markets here in europe, is the tech rally unraveling . The stoxx 600 index up 14 this year before todays open. The stock 600 tech index up by 8 10 of 1 . Holdings traveling lower down by 3. 5 percent and sterling revenue missing estimates. A Big Conversation with the ceo and 50 minutes time. Apple earnings and focus for europe and asia as well. But it started. You said tech trouble and that is what we saw in asia as well. We
Im francine lacqua. Manus and im manus cranny. Welcome back. Francine it is nice to be here. I havent missed anything, have i . Manus nothing much. Francine now we have this technology route. Big disappointment for the tech giants. Manus despite posting record thirdquarter profit, shares in the worlds most valuable company plunged more than 8 in afterhours trading as lackluster iphone sales left investors wondering whether the company can keep making its products. Francine lets bring in Caroline Hyde and paul. Thank you for joining us. Caroline, we have record earnings for apple but because we are seeing some weakness, analysts are concerned that this is the peak. Caroline a record thirdquarter and yet you are about to see 60 billion of market valuation wiped off. That is three times the market valuation of arm holdings in the u. K. It is 10 times that of stmicroelectronics. The concern is, iphone sales disappointed. We saw 35 growth. You would have thought that would be fabulous. We e
Its stillness estimates. The Sales Forecast came up short as well. They were planning on selling a lot. Sales of the new apple watch were less than what analysts had estimated. Ceo tim cook says the company is pleased. Tim cook sales of the watch exceeded our expectation despite supply still trailing demand at the end of the quarter. To give you additional insight through the end of the quarter the apple one sold higher than the comparable launch times of the original iphone or the original ipad. 73 of old iphone users have not upgraded to the latest device. Plus, more than double, more than apple coming up in a few moments. Olivia boeings cash flow is surging thanks to the 787. Earnings beat analyst estimates. They lowered their forecast for the year. Also out beating earnings estimates. Increasing prices and cutting expenses. It is a nice combo. The price hikes helped offset falling sales in the u. S. And stagnant demand overseas. At ts proposed takeover of directv has cleared a hurd
Chipotle gopro. Those numbers over the next hours and bringing you them after 4 00. It just doesnt get better than that. Plus time to sell tesla maybe . A bold call from a ubs analyst downgrading that stock to sell today. The man who made that call coming up. It has been five years since the dodd frank financial reform bill signed into law. Barney frank will join us to discuss all the criticism the law has received including from members of his own party. Enjoy having barney on the show. First we start with this move in the Broader Market today. There is the dow down 214 points. Its getting hit the hardest. United technologies down more than 7 downgrading its own outlook for the year. That bad Earnings Report from ibm last night has been down 5 6 today. That is accounting more than half that decline. S p pulling back. The nasdaq down today so right now no alltime high. S p earlier was three points away from a record. Weve come about a half percentage point down away from that point. Jo
Restrictions, making the market more isolated . Do they want us to exempt investors risking more capital flight . Were seeing the majority of the markets moving through there. Lets have a look at some of the stocks that are moving today. Earnings big on investors minds at the moment. Credit suisse, secondquarter net income Beat Estimates, even though its of investment that is rallying this morning. Unilever, secondquarter sales growth Beat Estimates there on betterthanexpected gains in latin america. Finally syngenta profits Beat Estimates. Strengthening the case for it to reject that take over. Strategists pretty bullish on european earnings for a number of reasons. Lower Energy Prices for one. Of course, because of a weaker euro. Lets take a look at that. Trading pretty flat against the dollar at the moment. It has been resilient during the whole greek crisis. Dont rest on your laurels because a number of people say that may not last. Comments saying the ongoing crisis will erode dem