The grease fiveyear bond should price sometime today. What will that price be . The vix lower on the day. David time now for your morning brief. General motors and caterpillar will release their earnings later today. The home prices for may will be out. And we will get july Consumer Confidence data. Alix thank you. Companies in the s p reporting this week. Here is where we are stacked up so far taking a look at sales and Earnings Growth. Top is sales growth. The bottom is Earnings Growth. Blue is technology. Orange is the rest. Much google today. They are getting hit by 2. 5 after disappointing some investors in terms of revenue. Here is what the coo had to say. We are obviously happy with the ongoing strength and advertisement revenue, particularly in search. We continue to drive user adoption and engagement with mobile devices. Build bettero expenses for users and advertisers. We see increasing contributions from growing nonadvertisement revenue businesses. L trying us is pau google
Aides try it to style them back. It happened yesterday. He was asked about north ring remarks, saying his remark. I dont ink they mean that. I think its the first time they heard it like they heard it and frankly, maybe it wasnt tough enough. David that was the president yesterday. This to sayis had about diplomacy. The americane effort is diplomatically lead it. It has diplomatic traction. It is hitting diplomatic results. I want to state right there. The tragedy of war as well enough known. It doesnt need another characterization beyond the fact it would be catastrophic. David to take us how this is playing out, we go to our chief correspondence. Lets start with you. How is this in asia . Reaction is one led by the australian Prime Minister who came out strongly to emphasize their alliance with the u. S. President ed with trump early in his term. The newspaper reported the moving interceptors and the place. China should stay neutral if north korea provoke the u. S. Into war. Andhe u.
Thats a great call. I had something really good to say, and then look what you did. Wow. No gel. No suit. No tie. Let me say a couple of things then to divert attention from what you just said. So the stock pickers and the active management community, which has been thoroughly trashed this year in terms of flows, really dont have any excuse going into the new year because the new trend in force is dispurgs. You have 265 of the s p 500 up more than 10 this year. 68 of them. There was a lot of opportunity to avoid big losers or to catch a wave and grab big winners that solidly outperformed the index. I know thats welcome news to people that are lying to differentiate themtsz in terms of stock picking. I think that will continue. Thats a reasonable expectation to have given the fact that we have an Incoming Administration that clearly is going to be doing things that are preferential for some groups of stocks and negative for others. The Interest Rate rising picture is also good for dispe
Seventh straight quarters that amazon has been in the black. Deidre bosa, san francisco. Despite amazons pull back in late day trading today the stock is up more than 7 this year similar to other tech stocks. In fact, the tech focus nasdaq 100 has risen more than 5. 5 since the 2015 easily outperforming both the dow and s p 500. But there are some headwinds and additionally some tailwinds but those headwinds could derail the rally that has been going on in the tech sector since the beginning of the year. Scott tesler head of Technology Equity search as cfra search and he joins us now to discuss. Scott, technologies off to a good start. Can it keep it up . To some extent we think so, tyler. Its basically tied for first as the best performing s p 500 sector at least through january up 4. 2 and we think that really reflects a couple of realities. One is these stocks were not, lets say, loved post election. A lot of people were gravitating too sectors and names that people thought would be
Earnings that could change the tone of trading tomorrow. First, netflix which disappointed investors when it said not as many people as expected subscribe to the streaming service in the most recent quarter. Price hikes put off customers and contributed to the sharp slowdown in user growth. On the surface, numbers looked pr scene the. Revenue was inline with expectations and up about 28 from a year ago, it was that subscriber number that sent shares lower initially in after hours trading. Julia bore step has more on netflix results. The big surprise in netflix earnings. Disappointing subscriber additions and projections. The company said the number of new subscribers was on target, the amount of turn or the number of people dropping the service as a result of a price incr kicking in was higher than expected and will continue to impact subscriber numbers in q3. The disappointing numbers are not the result of competition or market saturation, finishing the quarter with over 83 million me