The twitter quarter earnings were released early on twitter. And the numbers stunk. Revenue was far below forecast and the company slashed the outlook. The profit report was supposed to come after the close of trading today. But some key numbers were tweeted out early but a Financial Research firm that claimed it got them off of twitters own Investor Relations website. The shares nosedived and they were halted at the twitter request, they said to put out the full resort. The stock resumed trade, but at the close shares were down 18 . That is the twitters second worst day ever. As for earnings twitter did beat expectations on that score at 0. 07 a share but the critical revenue number a disappointed 436 million is what caught investors off guard. Julia boorstin has more on what reports on what investors should watch. While the all important actor user number came in right in line with expectations, the nuz moving the stock lower was guidance that came in lower than expected. The compan
Considering the money that was coming out of stocks. Oil lost 90 cents. The vix takes a flying leap the gauge of anxiety rose 16 to 21. Most of this had to do with a surpsing drop in manufacturing the ism index for january plummeted to 51. 3 from 56. 5 in december. Yum brands stands by its outlook. Shares of the owner of kfc, taco bell and pizza hut rallied 3 after reporting earnings last night that topped estimated. Sales and profits however, were still effected by the bird flu issue from back in 2012. Joins us now and we like to think of the bond market as a safe play. You are watching whats going on with bonds, so is the risk on or off in the bond market . Well definitely id say its a little bit of a risk off environment right now. January was a tough month for stocks across the the world and a good month for bonds, and yesterday continued that trend with the manufacturing number disappointing and bonds continuing to rally a little bit in price and stocks continue to selloff. We hav
Drive customers away. Microsoft unveils a new version of its tablet. Epic fail. A newlds unveils character to promote healthy food items to kids. One problem, it is totally scary. Welcome to Market Makers. I am stephanie ruhle. I am at alec still, in a four Erik Schatzker and was on i am alix steel, wh in for a chapter, who was on assignment this morning. Credit suisse agreed yesterday to you the guilty to charges that help americans illegally invade that it evade americans illegally taxes. This case shows that no Financial Institution is above the law. When the department of justice conducts investigations, we will always the always follow the law on the facts, wherever they may lead us. Profitability or market share can never and will never be used as a shield from prosecution or penalty. There were concerns that a guilty plea could prevent clients from doing business with Credit Suisse, but those concerns seem to be unfounded. Shares are up on the day. The markets seem to be feeling
Industrial sentiment, the worlds biggest maker skf says the outlook is uncertain, but better than expected figures. Well hear from the ceo in 30 minutes. Warm welcome to you. Plenty to look at. Well dig into the resource sector fairly shortly. Before that, Goldman Sachs reports before the u. S. Bell this morning with analysts expecting another stellar set of figures. The investment banks beat expectations for the last four quarters. Analysts are estimating a 20 increase in revenue this quarter. We also expect cocacola to postearnings of around 63 cents a share, down from 1. 21 per share for the same period last year. The companys expected to remain pretty focused on emerging markets for growth. As far as Johnson Johnson is concerned, performance has been solid across all Business Segments with strength in pharmaceuticals, and health care. Shares up over 30 in the last 12 months. And then after the bell today, well hear from yahoo . Not expected to dazzle. The stock has. Up over 70 sinc
We also have a packed agenda today. 8 30 eastern time. June cpi. Economists are looking for the headline number to rise by. 4. Among other reports to watch today, Industrial Production. Thats up at 9 15 a. M. The nationality association of Home Builders survey at 10 00 a. M. Our market newsmaker of the morning, squawk master Mohamed El Erian will join us. We have a lot to talk to him about. Beyond the data, the other big economic story of the week, fed chairman ben bernanke heading to capitol hill. Hell testify before the House Financial Services committee. Thats at 10 00 eastern tomorrow. Then repeating that performance in front of the Senate Banking committee on thursday. A lot to chew on there. Politicians are expected to grill him about the feds Bond Buying Program and plans for tapering and, of course, if widespread rumors that bernanke will step down in january true, this could be his last Monetary Policy report to congress. I bet he would miss that. We should also note that tomo