For nine straight sessions, seven of them were record closes. That was its longest winning streak in some time. But earnings came in mixed, and the European Central banks decision not to add stimulus to that regions economy weighed on sentiment and pressured stocks. The Dow Jones Industrial aver lost 77 points to 18,517. The nasdaq was off 16. The s p 500 fell 7. Dow component visa could set the tone for tomorrow. The Worlds Largest Payments Network operator reported a steep drop in quarterly profit and added 5 billion to its stock buyback plan. Visa did earn 69 cents a share. That three cents better than estimates, but if you include charges related to an acquisition, profits were actually 76 lower than a year ago. Revenue at 3. 6 billion, slightly below expectations. Shares volatile in afterhours trade, but the big news from the company today wasnt found in its Quarterly Results but rather in a partnership with paypal. Kayla tausche has more. Reporter paypal and visa are familiar foe
Seven of them were record closes. That was its longest winning streak in some time. But earnings came in mixed, and the European Central banks decision not to add stimulus to that regions economy weighed on sentiment and pressured stocks. The Dow Jones Industrial aver lost 77 points to 18,517. The nasdaq was off 16. The s p 500 fell 7. Dow component visa could set the tone for tomorrow. The Worlds Largest Payments Network operator reported a steep drop in quarterly profit and added 5 billion to its stock buyback plan. Visa did earn 69 cents a share. That three cents better than estimates, but if you include charges related to an acquisition, profits were actually 76 lower than a year ago. Revenue at 3. 6 billion, slightly below expectations. Shares volatile in afterhours trade, but the big news from the company today wasnt found in its Quarterly Results but rather in a partnership with paypal. Kayla tausche has more. Reporter paypal and visa are familiar foes in the payment industry, b
Its called the stack. Thats the way the stack works. There it is. Look at that. I see whats going on. The yen is weaker. The first time in eight days. You just have to laugh. All these Central Banks trying to hard to intervene. Japan desperately every time the central bank of japan does something, their currency gets stronger, not weaker. Instead of these half measur measures, why dont they pay junk bond yields to people to borrow money . Give them 13 , 14 . How negative can rates go . Can they go to why not inject money directly into peoples accounts . Just pour it in there. I like that. Much more effective at this point. You saw germany. The average yield is now zero. On friday it was 0. 01. They lost that now. Across the board, its zero. Whats the record for now negative . I dont know. You cant get 5 negative, can you . I dont see why not. Its not working though. This is what makes me laugh. Front page, lew urges imf regulators to get tough. Give me a break. Its ironic. Arent you st
Messenger for business. Listen. Today were launching messenger platform. You can build bots for messenger. Its powered by Artificial Intelligence, build Natural Language Services to communicate directly with people. If youre confused as i am, facebooks head of messaging will join us in an interview to explain it all, david marcus. Lets get started with the market despite the rally, there are a few stocks seek being seeing major weakness. Alcoa, you talked about that last night after unofficially kicking off earnings season yesterday. They had a miss on revenue. Network gear maker juniper under pressure after lowering the guidance late yesterday as well. Michael santoli joins us from the alcoa poster on the floor. What does this for tell for the broader earnings season . The big question is not just how bad but whats the guidance going to be and has the market taken a count of how rough the past three months were. Were expecting a loss of about 9 in terms of s p 500 earnings per share a
Output. Neither confirmed the story but if true, it would be the first step in curbing production thats resulted in a glut of oil worldwide, created chaos in certain stock markets, hurt commodity dependent economies. The hopes of a a deal sent rices up. The rise in oil lifted stocks. The dow jones gained 164 points to 17,721. The nasdaq added 38. The s p 500 was up 19. Jackie takes a closer look at the oil rally and whether the historic low prices may soon be a thing of the past. Reporter a spike in oil prices based on optimism, produces will come to some accord. A Russian News Agency out with headlines saying the saudis and russians agreed in principle head of a freeze. The data has been on the calendar for skeptics point out wont freeze without them joining in. What happens next . Difficult to say but the excitement was enough to push them to a key level to even further gains. The wild card is what will opec do and the producing nations. Will there be collaboration to increase limit