Business confidence there down for the first time in five months. Our roadmap begins with the nasdaq looking to turn around a second consecutive slide in biotechs, deterioration in what some of these momentum stocks we say. Cloud storage firm box planning to raise over 250 million in an ipo and list under the ticker box. Reports that manager knew of the gm ignition problems prior to the launch of the cobalt and withheld some vehicle data. First up the nasdaq hoping to rebound the morning after the selloff which saw the index closing at 5 1 2 week lows and biotechs took a hit and tesla and netflix. We talked about it yesterday, and wonder if this is a longerterm dynamic in terms of leadership. I think that gilead comeback yesterday was significant but a lot of the others didnt. You know, were going to be talking about box filing and i look at that offering and i say or drop box, too, i say, these are the kind of companies that are putting a lot of pressure on the rest of the companies.
Open ahead of the fed even after turkeys surprise Interest Rate hike did help to stem some concerns related to emerging markets. Boeing, jetblue, dow chemical and at t beat expectations well break them down. But yahoo shares under pressure this morning after reporting a drop in revenue for a fourth consecutive quarter due to a decline in display ad prices. A day after the dow snapped a fivesession losing streak futures are lower, investors turning their attention toward Ben Bernankes final policy meeting, the central bank expected to further pare back stimulus, but turkey, jim, at least for the open will be the story. And for a while there the turkish lira was up 3 and it looked like they impressed the market. 22 years ago we went through the cycle but thats too long for most people. They tried to stem the capital decline, i saw it last night, they forgot what happened to their country when they tried to do this. And what happened initially you thought things would stabilize and they d
We just. Have a couple of seconds. What do you have tomorrow . Great conversations today . Lloyd flank fine and sean parker and im going to be on Facebook Office hours, so squawk box on the street begins right now and we will see you tomorrow. You are the apple of my eye one thing investors not saying this morning after the disappointing quarter. Welcome to squawk on the street, im Carl Quintanilla with melissa lee, dajim cramer. Our road map begins with a question, will apple gap down 10 this morning. No doubt you heard of last nights revenue miss, iphone miss. We will cover the quarter from top to bottom. Doesnt include apple, which is one reason it is outpacing the s p 500, sits 3 from a record high. What is the outlook for the Broader Market on this . The best january looks like about 17 years. Netflix is almost the inverse of apple, a surprise profit, betterthanexpected outlook, a stream of upgrades and one very happy carl icahn. And rolls on tonight with microsoft and starbucks,
If youre in leciester this morning, how are you going to be affected by the lockdown being reimposed on your city . Do let me know. The uk economy shrank more than first thought between january and march, in thejoint largest contraction since 1979. Borisjohnson will set out plans to accelerate £5 billion worth of Infrastructure Projects in britain, to try to soften the Economic Impact of the pandemic. China passes Controversial National security legislation for hong kong raising fears over freedoms enjoyed by the city. And an independent report finds major failings by inexperienced probation staff led to the release of a serial rapist. Good morning. Stricter lockdown measures are in force in leicester because of a steep rise in the number of coronavirus cases in the city. More than 300,000 people and some also living in the surrounding area, will be affected. The Health Secretary, matt hancock, said leicester had accounted for 10 of all covid 19 cases across england in the past week.
Problem now, my line of the day had to be the Homeland Security chief saying that threehour wait is unacceptable. Yeah, Fox Business Network is at Midway International airport in chicago. How are things there . That is where that historic piece of video you showed took place just last night. This is the line here now. It looks along, but thats not long, not compared to what we saw yesterday. Dubbed the worlds longest security line. It stretched, my guess is was over 100 yards. Incredible line here at midway. And this is taking place all over the country. Jake johnson today telling reporters the National Airport in washington, its not a crisis. A lot of people would differ with that. Johnson says they have a tenpoint plan to make things better. That includes more hiring at the tsa. More tsa agents. Perhaps you see them in the background here in this live picture at midway. Also, more overtime for those tsa agents. Also, a promotion of the tsa Precheck Program. Maybe you see this sign th