That is good news, right . Industrial production came in line and we saw Consumer Sentiment swept of a little bit. American express, visa and exxon leading the way on the dow and keeping an eye on ups. Shares have been down, the company warned 2013 numbers are going to be a little weak. They did handle record amounts of packages ahead of christmas it was after christmas that the company hit their margins, had a slew of borders, tried to keep up and face tough weather conditions. 1. 5 for ups. Ashley thank you. Lori is not just ubs, elizabeth arden, soda stream, lulu lemon, game stop among Companies Cutting their earnings forecasts. Negative sentiment crazy high on wall street, 96 companies on the s p 500 issue here earnings outlooks for the Fourth Quarter. They are well below wall street consensus. Corporate america at its most pessimistic level ever. David lucks is managing director at stifle nicholas. Market watch had this great title, warnings that record high so they are asking is
Train continues philip morris, kkr are among the names to watch before the bell today. News corp. , activision. The ecb will announce its policy decision later today. The market is hanging on those two reports. Kayla, thank you very much. Weve got some big Corporate News for you this morning. Twitter, that was your top corporate stories. Shares getting slams slammmed. The stock is down big time, about 17 . Wiping out basically a sixth of the companys value. Earnings and revenue did beat the street. That was not the problem. This was. Slowing new user growth and a severe decline in timeline use. Thats when a user refreshes their twitter spaj, being used as one of the key measures of how active users are. Ubs out this morning cutting price targets from 55 to 35. What does this say about twitter . These crazy valuations. I dont want to say they havent revolutionized the world. They have. But is it possible that this is the beginning of the bubble getting ricked . I was thinking about this
Monday, the nasdaq 15 and the s p 5. And gold fell 31 dollars. Oil was the winner gaining 1. 10 as manufactering data in the u. S. Shows signs of growth. The detroit bankrutcy ruling is expected today. A judge will make the call on whether the case can proceed. U. S. Regulators approve microsofts deal to buy nokias mobile phone business. Krispy kreme fried on forecast. The stock dropped 10 last night investors found holes in the donut companys earnings outlook. However, profits were up 34 . Lincoln ellis of Green Square Capital is good to go for us this morning to talk about the stock market. A bit of a pullback yesterday lincoln but im thinking theres not too much to be concerned about going into december and january here. The santa claus rally is a predominant factor in the month of december and if you dont have any sellers the market does tend to drift higher. Although last night we did see a lack of buyers and that brought us down maybe 100 basis points. Are they worried at all abo
Good morning. Welcome to al Jazeera America. Im stephanie sy. The n. S. A. Has been under fire for months following Edward Snowdens disclosure of its mass if collection of phone records in the u. S. And around the world. As alan fisher reports a president ial panel is calling for changes in the way the n. S. A. Does its business. A surveillance review report is due to be published but is pushed out by the white house. The highlights the n. S. A. Will no longer keep a phone database, it will be held by the phone companies or a third party. The agency can no longer ask parties to build a backdoor, and the n. S. A. Should not spy on nonu. S. Citizens outside the u. S. Because of their religion or political views. The scope was revealed by whistleblower. He said any changes need strong support. The congressional committees are completely cooptive, worth else and impotent even if they have the incentive to do so. Courts have been onesided. So i think we need gen urine oversight. The other o
If you only look at two of them you may miss the relationship action underneath. I dont talk much about commodities in the show because most of you dont trade them and i dont want to encourage you to do so. Theyre 24 hour, 24 7 worldwide business. Too hard for people at home. But if you want to figure out why we had huge disparities in the stock market today with industrials and oils driving, basically cancelling each other out. Hence the markets flat line then you dont need to look any further than the prices of copper and oil. Right now the market is in the grips of a classic slow down in china and its Ripple Effect on the rest of the world. Thats the Ripple Effect. China itself issues numbers. We focus on the raw commodities because the chinese economy involves taking those and turning them into something. Hundreds of millions of people from the world based citizenship. And at the looks of copper and we monitor that by looking at something called the jjc, a copper based etf, china i