Pros worried. So do earnings. They arent expected to grow much when First Quarter profit reports start coming out tomorrow. Send small children out of the room, we warn you as we show you these numbers. The dow down 166 points. The nasdaq completing its worst threeday slide since november of 2011. It was off another 48 points today. Falling to a twomonth low. And the s p 500, it hit an alltime high just a week ago but today down another 20 points, capping its worst threeday slietd in two months. We have two reports on todays selloff. Bob pisani at the New York Stock Exchange but we begin with sheila at the hardhit nasdaq. Despite the overall losses, some traders were encouraged by todays action. Pointing to pockets of strength from sectors that were recently under pressure. Biotech, for example, which has been a weak sector, did see a bounceback today. The nasdaq biotech index hosted a gain in companies ended the session on an up note. Also socalled momentum stocks that consistently mo
It is premiere battle in the smart phone world. Samsung versus apple. For over three years, the two companies have clashed in a scale almost unprecedented in Business History and engaged in a series of tit for tat lawsuits that have cost more than 1 billion. The battle is being fought outside the courtroom as well, of course. Samsung just unveiled its galaxy note edge and other devices at an event in new york. On tuesday, apple is set to unveil not only a new iphone or iphones but details on a long awaited smart watch. Wholl ultimately come out on top in the great smart phone war between apple and samsung . I spoke with michael gorman, editor in chief at engadget and ryan reith, director of mobile device at i. B. C. I started by asking ryan what his biggest wish for the new iphone is. You have this iphone user base that has been using the same size screen relatively for the life of the iphone since it has been around. This will be the game changer with regard to the screen size. It cha
We are live from bloombergs European Headquarters in london. Thatgin with the battle started this all. Three most senior politicians heading north of the border to try and convince voters to reject independence. Prime minister David Cameron, nick clegg and Opposition Leader ed miliband have canceled appearances in parliament to campaign for unity. Thats talk about the subject. Anna edwards has been covering the story. All hands on deck is how we refer to it. Absolutely, trying to show a sign of unity among the westminster adversaries as they head north of the border to try and persuade the scots not to break up the union, not to break up our family, the wording that David Cameron is putting to this. No sunrise that he is talking about family. He is talking about precious and special things. An emotional rather than a factual plea. Campaigning days of ahead of next thursdays vote. We have seen evidence in the polls that women are more undecided about this than men are. So much so that t
Business history and engaged in a series of tit for tat lawsuits that have cost more than 1 billion. The battle is being fought outside the courtroom as well, of course. Samsung just unveiled its galaxy note edge and other devices at an event in new york. On tuesday, apple is set to unveil not only a new iphone or iphones but details on a long awaited smart watch. Wholl ultimately come out on top in the great smart phone war between apple and samsung . I spoke with michael gorman, editor in chief at engadget and ryan reith, director of mobile device at i. B. C. I started by asking ryan what his biggest wish for the new iphone is. You have this iphone user base that has been using the same size screen relatively for the life of the iphone since it has been around. This will be the game changer with regard to the screen size. It changes the user experience. It is more real estate. Will it be a game changer if they are the last to market . They have been doing ok without it, right . I thi
Down the day, ann from wells fargo, march, todd and todd morgan from bel air investment advisers. Well try to distinguish between the two todds. Welcome to everyone. Ann, first to you. We just watched stocks sell off sharply into the close, financials in particular. What does that tell you . I think it is the market just worried about whats going on at the fed and the debt ceiling, budget hearings, all that we have. More uncertainty in the market. Uncertainty has really become an ugly word for us, i guess. You still there are plenty of stocks you like individually right now. I mean, youre still fining value in this market, around you . We are, bill. What were trying to do, our process focus is on companies that may be interested in either acquiring or also being acquired. The stocks were looking at are trading at discounts, we think theyre intransic or private market value is. Many of those companies are trading at very attractive valuations. And in a low rate environment that looks li