Companies can be and as allamerican as they come. Coke, boeing, and late today, American Express. And thats where we begin. The Financial Services company struggling since its exclusive relationship with cosco was broken off earlier this year and today it posted disappointing results. Earnings per share came in at 1. 24, and that was a full 7 cents below estimates. Revenue for the quarter also missed, and it was down about 1 from a year ago, and that pressured shares initially in extendedhours trading, as you see there. Mary thompson has more on American Expresss results. Reporter well, American Express is spending more to get new business, and that hurt its bottom line in the Third Quarter. The electronic payment giants profits falling over , hurt by higher spending on growth initiatives, the impact of a stronger dollar and money spent to renew cobranded relationships. With its exclusive deal to be the lone credit card accepted in Costco Stores expiring next year, amex expanding more
Companies can be and as allamerican as they come. Coke, boeing, and late today, American Express. And thats where we begin. The Financial Services company struggling since its exclusive relationship with cosco was broken off earlier this year and today it posted disappointing results. Earnings per share came in at 1. 24, and that was a full 7 cents below estimates. Revenue for the quarter also missed, and it was down about 1 from a year ago, and that pressured shares initially in extendedhours trading, as you see there. Mary thompson has more on American Expresss results. Reporter well, American Express is spending more to get new business, and that hurt its bottom line in the Third Quarter. The electronic payment giants profits falling over , hurt by higher spending on growth initiatives, the impact of a stronger dollar and money spent to renew cobranded relationships. With its exclusive deal to be the lone credit card accepted in Costco Stores expiring next year, amex expanding more
Dow having a pretty good day. Its the Big Industrial names that would be more impacted by an economic slowdown of any sort of magnitude. Intel is holding up today ahead of the earnings. Chips killed lately. Those are the next best performers out of the dow today. I would suggest thats much more important than a chevron which is towards the low end sliding on oil. United health is a Big Hedge Fund trade and maybe selling there. Cocacola, staple. Home depot is a bad performer today and downgraded. Jpmorgan off the earnings. You raise the point and one the need talk about with the group coming up here but to what extent is pressure on the hedge funds writ large responsible for some of the market declines we have been seeing . I looked this morning and you saw even in the face of an up market that a lot of the most Popular Hedge Fund names were down and suggested they were selling the name and when the overall market bounced they got a bounce, too. Remember yesterday things looked decent a
Weakness in asia but again it looks like germany and france are turning things around at this point. Okay. Well talk about ebola this morning. The first case of a person contracting ebola on u. S. Soil has been confirmed. A Health Care Worker treating Thomas Eric Duncan who died last week contracted the deadly disease. We are joined this morning from dallas by meg tirrell. Meg . Reporter thats right. Good morning. This Health Care Worker was taking care of Thomas Eric Duncan. On friday she started to feel ill, went to the hospital to be assessed on saturday and tested positive. Yesterday the cdc confirmed it was ebola. Now we know that as of yesterday her condition was stable. One of her contacts has been proactively placed into isolation. The cdc director tom frieden said it is unknown exactly how the Health Care Worker was exposed. We dont know what occurred in the care of the index patient, the original patient in dallas. But at some point there was a breach of protocol and that bre
But the people in charge say theyll soon begin testing a system that could filter out most radioactive substances. Officials with Tokyo Electric Power company want to decontaminate the thousands of tons of waste water by march 2015. They say the advanced liquid Processing System is the key to their plants. Engineers had planned to begin using the system last month but they postponed their decision after they found water leaking out during a test run. They say chemicals may have corroded the system. So theyve reinforced it with the corrosionproof material. Workers will begin tests again on friday. They hope to have the system up and running by november. The filters cannot remove all radioactive eye oisotopes. Managers still expect theyll be able to treat 500 tons of contaminated water every day. Tepco is struggling to resolve that buildup of radioactive water at fukushima. Over the other side of the country it faces another problem. Kashiwazaki kariwa is the Worlds Largest Nuclear Power