Industrial sentiment, the worlds biggest maker skf says the outlook is uncertain, but better than expected figures. Well hear from the ceo in 30 minutes. Warm welcome to you. Plenty to look at. Well dig into the resource sector fairly shortly. Before that, Goldman Sachs reports before the u. S. Bell this morning with analysts expecting another stellar set of figures. The investment banks beat expectations for the last four quarters. Analysts are estimating a 20 increase in revenue this quarter. We also expect cocacola to postearnings of around 63 cents a share, down from 1. 21 per share for the same period last year. The companys expected to remain pretty focused on emerging markets for growth. As far as Johnson Johnson is concerned, performance has been solid across all Business Segments with strength in pharmaceuticals, and health care. Shares up over 30 in the last 12 months. And then after the bell today, well hear from yahoo . Not expected to dazzle. The stock has. Up over 70 sinc
We also have a packed agenda today. 8 30 eastern time. June cpi. Economists are looking for the headline number to rise by. 4. Among other reports to watch today, Industrial Production. Thats up at 9 15 a. M. The nationality association of Home Builders survey at 10 00 a. M. Our market newsmaker of the morning, squawk master Mohamed El Erian will join us. We have a lot to talk to him about. Beyond the data, the other big economic story of the week, fed chairman ben bernanke heading to capitol hill. Hell testify before the House Financial Services committee. Thats at 10 00 eastern tomorrow. Then repeating that performance in front of the Senate Banking committee on thursday. A lot to chew on there. Politicians are expected to grill him about the feds Bond Buying Program and plans for tapering and, of course, if widespread rumors that bernanke will step down in january true, this could be his last Monetary Policy report to congress. I bet he would miss that. We should also note that tomo
All that ahead this sunday morning. Hello again, lets get right to the breaking news in the new york mayors race, Anthony Weiners Campaign Manager quit after the new revelations that weiners sexting continued even as he plotted the comeback run for mayor. Abcs jeff zeleny is here with all the latest. And jeff, the Campaign Manager is gone, but weiner seems determined to stay in the race. Reporter thats right, but despite the setback, Anthony Weiner just taped a new campaign commercial and staying in the race. Even as the humiliation threatens his candidacy. The resignation of anthony weerns Campaign Manager, just the latest bow for a campaign that looks like its on the the brink. I have to hope we get back to the issues that people care about. Reporter the famously brash new yorker struggling to halt an unending barrage. Mocked by late night comics. Hes out on the campaign, its the tour de pants. Reporter check out the yorker magazine. His former colleagues taking shots. Its so disresp
S p giving up. 37 . Nasdaq declining. 25 . And we seem to fold in angst to run from stocks as if theyre toxic instruments doomed to ruin our Bank Accounts the house of pain. So perhaps its a good moment to ask do we fret too much . Do we let our fears take hold when the market reverses . Do we let a small drift, you know, one of these ones like today, define us after the s p been up eight days straight. Or as stocks decline, do we recognize we sometimes get too worried when event was or earnings or trends go against us . Just think of what has really happened in the last two months alone. How much do we fret . We fretted endlessly that one day, one day we would, indeed, have a dramatic rise in Interest Rates. Show what happened . We got one. A huge percentage increase, a whopper of one. What does the market do . Well, how about giving the s p 500 the longest winning streak in nine years, how about the nasdaq going up, best since 1990. We were supposed to be frightened out of our shorts
By cocacola and throw in goldmans strong quarter, and j j and a lot to talk about, and the yields are hovering at 2. 5 for 10years as we wait for bernanke on the hill tomorrow. And we are looking at the biggest loser on the dow today which could be coke. The Company Blames weather and other things, with and we will talk about it. And the shares of the dow component johnson and johnson are up after strong pharmaceutical sales helped to push the companys profits above expectations. And goldman Strong Revenue trading, but how does that compare to competitors like jpmorgan and citi. And the alpha conference kicks off tomorrow. We will give you a preview of what to watch for. And once again, with coke, the shares are down in the premarket and take out the items in the Second Quarter earnings and in line with the case volume down below forecast, and this is what coke cfo had to say this morning on squawk. It was disappointing in the quarter for volume and we said all along along the road a b