Down by now when hundred 12 points. We continue to fall. Again, it all comes back to earnings. That is what people are paying attention to and what stocks are moving on today. Qualcomm beating estimates. More progress in its chinese business. Raising sales and profit forecast for the full year and bio gender placing its ceo. Flipside, intel shares falling after that Company Continues to struggle with waning pc demand. Earnings per share missing estimates for the first time in five years. It is now facing the challenge. F how to raise fares and union pacific, less demand for moving stuff around the country. That companys earnings suffering. And industrials are the worst performing groups today. That includes things like union pacific. M a has been a big theme also. On the been a busy day corporate front. An acquisition from a japanese company, the secondlargest in secondlargest. That is 1. 5 3 billion, 30 two dollars a share. Those shares surging on a large premium. Butpandora has turne
Today, they are holding at the bubble. Julie we have seen some acceleration of decline. People are focusing on earnings. We will not hear from the fed it fed until tomorrow. Actually, things are bouncing around. Scarlet is right. We have all of the corporate earnings to shift through, it is the busiest day in the terms of the number of earnings reports. Donald numbers were disappointing compared to estimates. 3. 1 will believe. Analysts are looking for 3. 6 gain. If the United States we saw a slowdown of 1. 8 . It was 5. 4 the prior quarter. Analysts are saying there is an interestfree wide slowdown that calling for a restaurant recession. A slowdown from a number of different factors from u. S. Politics, terrorism, social unrest, global geopolitics, and economic uncertainty. That this is the canary that lays the recessionary egg. Leadingld the a indicator. Downgrading a number of stocks. 11 restaurant stocks. Chipotle going to a cell. Darden is down. Cheesecake is down. This is bloomb
What better protect the kids if they can change it with the president . It wont be football if we continue to strip away the cake return, the threepoint stance or any number of proposals out there. We think those are ways like tackling. It is an attempt to somehow sanitize the very difficult, very physical act of tackling. It cant be done. Tackling is tackling. They define it exactly as it is done and should be done at the three levels of football where the game should be played. If they cant tackle the way the technique was designed, they shouldnt be playing contact football until such point they are ready to play. Ladies and gentlemen at this time i will recognize my colleague from virginia. I do apologize that my jacket off and ran over to vote in the rain and it got wet so i took my jacket off. Mr. Oneill, my 10yearold tried to tackle football, when my 8yearold was seven he played for flag football. Because they are not ready to tackle that they actually drop out of the sport . We
Thanks for joining us. Power lunch starts right now. Welcome to power lunch. Im melissa lee. Three hours to go in the trading stegs and stocks headed lower right now. S p 500 stuck in a fractional range. In fact, this could be the 37th straight session where the s p is scaled to move 1 or more in either direction. Take a look across the board just down about a quarter of a percent with the russell the only one moving to the upside right now. Few standouts to tell you about, lkq, omnicom, Stanley Black decker, whats continued to move financials up 3 in the past month, michelle. Something well definitely be watching. Im michelle carusocabrera. Heres what else is happening at this hour. Fertilizer giant is in discussions with potash, no agreements have been reached. French economy minister has resigned from the government. And a tropical depression is gaining strength in the gulf of mexico. Forecasters say the storm could be upgraded to a Tropical Storm by later today. Busy two hours comi
You may have got the new credit card recently with a chip in it. Consumer advocates from the credit card industry will discuss the implementation of that chip card technology. A group called protect my data is protecting hosting this of that. This is live coverage on a cspan. We expected to start in just a moment. Good afternoon unwelcome. It good afternoon and welcome. Thank you for being here. Thank you for taking part of this conversation today. We will follow up on the event we had last year. That me start again. Anyone missed it, i want to welcome you today to take part in this great conversation we are having on the chip card transition six months later. Lynn with attacked my data. Thank you for being here. We had a great event last year that i hope some of you were able to make it too. We will have time to answer any questions you have. Over six months since the october 1 liability shift deadline and we are here to explore the progress the industry has made to protect consumers