Our investors are throwing the baby out with the bathwater. We were asking about under armor earlier too. More on that is coming up. The socalled fang stocks, those that yuld used to be the hottest in the tech sector. Two have been losing their bite lately. Well look at whats behind the decline of their names and wherever they can recover. And well talk about the future of cable and well speak exclusively with the president of Cox Communications coming up. Meantime one of the stories that set the stage for this morning, we had home depot dropping despite an earnings beat. Courtney reagan here to make sense of it all. Hi, there. Bill. Home depot again posting Quarterly Results Strong Enough to beat analysts expectations for profit and revenue and its most important quarter of the spring. And for extra positivity, it raised its earnings forecast. They grew more than 7 in the u. S. , more than 6 when you add in mexico and canada. However, comes did decelerate each month of the quarter to
Hearing from ibm among others. One economic report the october National Association of Home Builders survey this will give us a snapshot of construction heading into the winter after a strong summer for the industry. All the big stories were watching. A top u. S. Security firm reporting that china actually tried to hack at least seven American Companies in the three weeks since that key meeting youll remember between washington and beijing leaders from the two countries which it agreed not to spy on each other for commercial reasons. Security firm crowd strike said its software detected and rebuffed these attacks. Also, high profile of bribery allegations against walmarts mexican operation found little in the way of new major offenses. The wall street journal says the threeyear on u. S. Investigation likely to hand in a smaller case than expected. Investors did say they found evidence of bribery in india as part of that same program. The retailer is said to likely face u. S. Foreign br
What else did we learn . Nikole the fbi is trying to figure out whether this was terrorism or a workplace shooting. Chaos in california. After a heavily armed couple opened fire at a holiday banquet at a social Services Center outside of los angeles. You are searching that motive. Nikole Police Identify the shooters as 27yearold Tashfeen Malik and 28yearold sayed was juan farouk. I have no idea why he would do that. Nikole the pair were killed in a shooting after a search of the suv, a big bomb thrown at officials during the chase. We do not know if this is a terrorist incident. Nikole president obama renewed calls for gun control. President obama the one thing we do know is that we have a pattern of Mass Shootings in this country that has no the steps we can take. Nikole the president is pushing for commonsense gun safety laws and stronger background checks. Nikole killion, kcci eight news. Elizabeth the shootings happened to 60 miles east of los angeles. Emmy victor is here with more
Recess, they will not need to bundle up quite as much. Had it for highs today near 44 degrees, a light breeze and plenty of sunshine. Elizabeth thanks, metinka. And we do want to get to those new developments in the california mass shooting. The police chief says hes reasonably comfortable that the two shooters are dead. They have been identified as a county employee and his wife. They were killed in a police gunbattle. Police say they are the ones who killed 14 and wounded 17 at a social service center, during a Holiday Party. Nikole killion is in our washington bureau. Nikole, what else did we learn overnight . Nikole elizabeth, the fbi is trying to figure out whether this was terrorism or workplace shooting. Chaos in california, after a heavily armed couple opened fire at a holiday banquet at a social Services Center outside of los angeles. We are still searching that motive component of it. Nikole Police Identified the 27yearold Tashfeen Malik and 28yearold Syed Rizwan Farook, whos
Of the stock getting absolutely crushed today, hitting a new alltime low after lockup of shares expired, allowing early investors and employees to sell their stakes in the company. Lets get to our panel now to discuss our very own Charlie Gasparino and elizabeth macdonald. We have a and g capital hilary kramer. You told them so on twitter . I think i did. The real question is when does eric bolling show up. Melissa stop, stop. You have a longrunning dispute with eric bolling on value of twitter. Today, largely in decline. He is investor of the he did tell me he is sticking in it for the long haul just so you know. Heres the thing. We do point out in erics defense facebook had a crash sometime after the ipo. And then the firm innovated and came up with some new stuff and bounced back wildly. That is what they have to do. Melissa go ahead. Netnet, theyre losing people who are tweeting. We also learned melissa 40 of the people are fake. Exactly. The problem with twitter is, they have the