Anna a warm welcome to countdown. I am anna edwards. Mental i am manus cranny. Weve got breaking news. Manus weve got manus cranny. Caroline, give us the numbers. Caroline net income. Billionoming in at 16. 7 cronin. This is compared to 17. 9 billion. We got net income coming below analyst estimates. The reason . Basic impairment charges. Provision overall. They are having to reduce the guided Capital Expenditure level 260. 5 billion. They are trying to ream back their spending. Their Financial Results continue to be affected by low liquid prices. Clearly the pain that is being exerted on oil majors. The fact that bp managed to eat estimates. We are seeing the pain coming from below oil prices feeding into the expectations that futures of these companies. This is a company that is exposed to the downstream. The refining is at a record high. Dividendded to pay a of . 22 for dollar. That is in line with estimates overall. 3 billion, less than previous years. Raining back their Capital Ex
Reporter crews allowed him in the kitchen here the food handlers do corot letter reminders about hand washing and under said the protocol of business was slow today as you expect from what i could tell the customers most of whom i spoke with the feeling at this restaurant will probably be the cleanest in distress from around here is what if you have to say. Being a customer here for years ive been enjoying the food here and never have any problems they before. What people go out to us different trucks source of the contamination remains a mystery may never be found were told according the county Health Department still insist that the restaurant over your so ground zero for the contamination of those studied people all day at the restaurant friday saturday sunday. But the honor cruse told me he thinks the bacteria the brand from that side. Pam kron 4 weve been tracking the spread of the shigella outbreak since first reported three weeks ago and all the Health Department has been lookin
Well see if we make another go to close above that level. And were going to get the outlook for stocks in general with famed Hedge Fund Manager Stanley Druckenmiller. Hes been shorting ibm for whitequite a while. We touch on a wide range of issues. I bet talking a little bit about the fed. Auto little bit little bit. You dont hear from him that often so its even better. Take a look at the markets. Dow is up by 122 points. Theres the nasdaq as kelly said, about 4. 5 points back below the 5,000 level, but it was a historic day earlier in the day over at the nasdaq and thats where we see it is right now. The s p 500 is up just shy of nine points. Time now for our Closing Bell Exchange with darren wolfburg margie patel from Wells Fargo Fund management Jeff Killburg from kkm financial, joe tannous and our own rick santelli. Joe, what should we be thinking about this day . Should we be celebrating or fearing it . I wouldnt necessarily be fearing it. I think its nice to see the nasdaq hit the
Microsoft or starbucks because these stocks exploded higher today on better than expected earnings and last i looked those are pretty darn important big stocks and they propel the averages with the dow gaining 23 points and nasdaq falling. 71 . Why dont we do this . Lets stop it with the woeful earnings and start taking advantage of the opportunities where ever we can find them. We kick things off in the most important Earnings Report of all. Thats apple which announces its quarter after the close next monday. Well be out in San Francisco. Well be like apple central. Just in case youre watching the show for the first time let me say i believe in owning apple not trading it. Owning not trading. As long as am remains cheaper than the average stock and s p 500. As long as it continues to have the beautiful Balance Sheet with a huge dividend big buy back. As long as ceo tim cook and company keep creating breathtaking products im not changing my view. Im not counting the number of phones or
What we have for you, bill oreilly, steve forbes, we have the 2015 escalade, its parked outside and theyre going to try to sell me one. We have the middle school that is banning tag at recess because of lawsuits . Weve got a lawyer on that, too. And 58 of you do know the want to raise the debt ceiling. Ha. Varney company is about to begin. We gave people a sticker and had them show us. We learned a lot of us have known someone whos lived well into their 90s. And thats a great thing. But even though were living longer, one thing that hasnt changed much is the official retirement age. The question is how do you make sure you have the money you need to enjoy all of these years. Remember this commercial from citizens against government waste . We remember it well. It looks like it might be coming true. China isnt laughing today. It holds our debt and flexing its muscle, giving a warningcone in order and do not default on your debt. Now, thats a sentiment that is not echoed by you, the vote