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Transcripts For CNBC Squawk On The Street 20130709

Europe doing okay. The greek tenure yield is down and the market up for the fourth straight session. Dow components ibm and alcoa. Ibm downgraded today by goldman. Kicks off earnings season with a beat. B n ceo resigning. The latest on the Asiana Airline crash in San Francisco as investigators try to piece together what happened in the cockpit. A live report from the scene. First up, shares of ibm falling in the premarket, downgraded by goldman to neutral from buy saying it sees pressure on the Growth Markets and Revenue Streams. Interesting note, guys, they say the whole reason to add ibm to the buy list back in august of 2011 was some of these higher Revenue Streams to sort of smooth out the cycle over time. They think thats now coming in to what theyre calling a challenging period. And say that the quarter will bring more volatility than investigators are accustomed to. Hasnt really paid off for goldman as a bet since adding it to the buy. Ibm up 16 . S p up 39 . Wow. See if that se

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