Cvs will no longer sell cigarettes. But will the shortterm loss lead to longheterm gains. All that and more tonight on nightly Business Report for wednesday, february 5th. Im bill griffin in for tyler mathisen. And im susie gharib. Nice have you here, bill. Here a tweet that twitter didnt want to get. After the closing bell it released its very first earning report after going public back in november. But the news was mixed. Twitter earned two cents a share while analysts were expecting a loss of two cents a share. Revenue bead forecasts and guidance for the period is strong. A key metric was not good. Growth in the number of new users was anemic. A gain of only 3. 8 . Investors expected much more. Twitter shares plunged more than 10 in after thehours trading. Sheila dharmarajan, what was your take away on it . Reporter it was a big surprise. Investors were very disappointed. The big key takeaway is scale. How does twitter make money . Tierz advertising. This number put lot of doubt in
Cvs will no longer sell cigarettes. But will the shortterm loss lead to longheterm gains. All that and more tonight on nightly Business Report for wednesday, february 5th. Im bill griffin in for tyler mathisen. And im susie gharib. Nice have you here, bill. Here a tweet that twitter didnt want to get. After the closing bell it released its very first earning report after going public back in november. But the news was mixed. Twitter earned two cents a share while analysts were expecting a loss of two cents a share. Revenue bead forecasts and guidance for the period is strong. A key metric was not good. Growth in the number of new users was anemic. A gain of only 3. 8 . Investors expected much more. Twitter shares plunged more than 10 in after thehours trading. Sheila dharmarajan, what was your take away on it . Reporter it was a big surprise. Investors were very disappointed. The big key takeaway is scale. How does twitter make money . Tierz advertising. This number put lot of doubt in
Northeastern commuters caught in the crosshairs once again. We are watching the weather and will have wall streets weather man to explain how you might make some money off this rough, rough winter. Sue is off today. S sara eisen is at the new york stock exchange. A big number to the down side of the housing sector. Diana olick, big drop for home Builder Sentiment. The sector is down but what does it mean for home prices . Reporter well, look, we know that the builders have had to raise their home prices because they are facing rising costs for land and for materials. They are also facing a labor shortage because so many contractors got out of the business during the housing crash. All of that having an impact. But take a look at the numbers from todays report. A historic drop in Builder Sentiment, bringing the Sentiment Survey numbers into the negative for the First Time Since last may. Thats the largest drop, that ten point drop, in the history of this survey going back to 1985. But l
Is about to bite us in the assets. Sues out, im in, tyler at the nyse. All right. Great to be with you. Futures, of course, this morning a bit of a bleak story, but its been a pretty good day frankly. Certainly for the s p 500, certainly for the nasdaq compass sit. Is wall street worried washington will not get itself together before the next set of deadlines. January 15th to fund the government. February 7th for the debt ceiling. What is the worry here . Theres not much if you look at the spx at 1729. I think thats an alltime high interday and the composite look at that, 3856 and that is, what, 140 some points away from 4,000. 90 days away from the Government Shutdown, maybe another one, 113 for the debt ceiling. The alltime high for the s p as we said, was 1729 and look, we dont have it on there, but well get to it. 1729. The industrials down just 33 points. But a large reason for that is ibms troubles. Its a highpriced stock and the dow, of course, as bob pointed out, price weighted
A half a billion dollars of very special art up for grabs tonight at christies. This is one of the pieces on the block. It is warhols black and white classic cocacola bottle. Well take you inside the world of the auction. First to sue at the nyse. Hi, ty. Good to see you. We have big names in the Airline Sector thats moving the transports as well which are up about 30 points on the day. Heres dom with the details. Hey. Thanks, sue. Were finally going to see a merger between amr and u. S. Airways going to create the biggest airline. The two carriers said they reached an agreement with the Justice Department as well as state attorneys general to allow a deal to happen. U. S. Airways stock turned negative after being halted on this news. As part of the accord american and u. S. Air will give up Key Facilities and capacity at seven airports in order to facilitate more industrywide competition. The gates and slots will go to lowcost carriers in seven key airports including boston logan, chi