Google surging. Ge shows strong profit in the industrials unit as the Company Continues to shed the assets in finance. Amazon says hater can hate but prime day is here to stay. The company saw a 93 prime increase. The germans say yes to starting the bailout talks. Were waiting for a formal announcement that talks will start on monday to keep greece in the eurozone. First up google up sharply on strong quarterly results. Up 25 in the past week. It beats the street. The Company Called out a Strong Performance in mobile in youtube and program advertising, but its an increasing focus on cost thats getting the attention today. This is ruth porat on the call last night. To be clear, the prioritys Revenue Growth but pursuing it is not inconsistent with expense management. And as i noted were just starting the 2016 budgeting process. In my experience the best way to slow the rate of growth in expenses is to work closely with Business Leaders anchored in data so we can identify ways to prioriti
He knows how to build hype. Commodity crush. Gold futures hitting their lowest levels since april 2010. Live at the nymex on what is driving this precious metal lower. Its the stronger dollar of course. Google on a tear. Have you seen this yet between the two classes of stock, nearly 20 million shares changed hands today. Growth in Youtube Business is top of mind after last nights earnings report. Weve got the cofounder of a Media Company that specializes in youtube talent. We had to brush up on our youtube talent to prepare. You should see the amount of money these people are making as talent on youtube. And the amount of clicks they get. The new york fed says the strong dollar could lead to a hit for gdp. Jan hatzius gives us his take on that the economy and latest forecast for the fed. Lets start with tesla and elon musk with his latest announcement. Phil lebeau has the ludicrous details for us. I know you want to go in the ludicrous mode when you get a chance to. These are all prod
Fbis radar. He came out of nowhere to kill four marines in chattanooga, tennessee. This is new terrorism, the lone wolf going after the biggest body count. Were all targets now. That is terror. Get to money. Google is set for a big gain. The stock will be up 70 maybe more. To politics. Two new polls. The first shows trump still leading the republican pack. The second shows tillry taking a hit. Trust in the Clinton Campaign is sliding. Sports the big story, jordan speith looking good very good in the british open. Oh what a day. Varney company is about to begin. Stuart we begin with terror in chattanooga tennessee. Tony shaffer is here an expert on this subject. Welcome to the program. Thank you, stuart. Stuart this is social media story. This kind of terror is bred on social media and to some degree turned on by social media and i suggest to you there is not much we can do about it. There is not at this point. Think about where this happened, middle america. This wasnt new york. This w
Stanley. Gold falls to a fiveyear low while the dollar hits a threemonth high, well look at the Drivers Behind the moves and the impact. And ebay and papal begin trading as independent companies today. Well talk with the e bay ceo later on. First up Morgan Stanley better Second Quarter results. A Strong Performance in the brokerage business. Long lines in greece over night as the banks reopen after about three weeks. Some capital controls. You can access your safety deposit box. You cannot cash a check. You can deposit and there are limits on the number of euros you can take out. Morgan stanley, trading is the story this time after Wealth Management has been the story there. Lets compare this. For fixed income morguen stanley had a gain of 30 . Jpmorgan minus 10. For equities plus 28. Goldman plus 24. Citi minus 1. Some people are saying the liquid ratios arent enough. That was the wrap on the story about why it was up 41. 5 and then people turned it down. This has been a phenomenon of
The road map begins with ibm, sales falling for the 13th straight quarter. Ibm not the only stock were reporting on this busy weeks this week. Mixed quarters for vz and united technologies. And facebook the company overtaking overtaking General Electric in market value. Ibm, sales down. Adjusted earnings did beat but the performance of the traditional and software dragging. Earnings hurt by the strong dollar. And they expected a slightly stronger currency impact. The cfo is calling the results a reflection of where we see longterm value in i. T. This will take some time. I think one of the things that happened that was wrong were ibm was that the stock ran in anticipation this would somehow be a breakout quarter. The cf so great. He made it clear it wasnt going to be a great quarter. I kept thinking what about what he said made him feel like this was the one. Software was not as long as id like. Backlog did grow. There were problems in brazil russia, india, china. I am not defending th