U. S. Lly fizzles in the cautious when it comes to i am going to bore you to death. Embracing that view the market has currently. Energy is in a bear market. The first is the current account deficit. This is just beginning to look it is important and maybe even like a bit of a heavier day more important than some make it out to be. Higher rates are needed to around the marketplace. Two technicians, there are a finance the current account deficit. Couple of markets where nearly it mightd reason why 50 of stocks are oversold. Dax, youre also seeing be a little bit are cautious is the housing market. More than 50 of some of the big as the ratio of wages, labor they are being oversold. Costs to house prices is less oversold are the u. K. Markets and the ftse. Declining in the u. K. , which u. K. To seeto the suggest there is a gradual buildup of leverage in the system. , if theg no rate hike them turning that stuff into the ground. It is called iron ore. Bank of england were to do that, th
Mcdonalds. Both moving lower in the premarket with another chipotle. Another blowout quarter. Apple beats on the top and bottom line. More ipads sold, fewer i pads. We have dow components. Its not just an earnings story. Futures rising with chinese Economic Data and reports of stimulus measures in europe moving markets overnight. Cocacola did report Third Quarter operating earnings 53 cents a share, in line with estimates. Soda volumes did come in flat. Coke sees currency head winds affecting fullyear profits, announcing a costcutting program and achieving 3 billion in annual savings by 2019. The dollar, a sevenpoint head wind in q4. Thats the high end of expectations. North american down a quarter. Down 1 . Sparkling down net Single Digits and still down low Single Digits europe, latin america. A little bit better. Its a ghastly quarter. When people tell me there is a big mac row challenge to soft drink, i get uncomfortable. Why . You are not supposed to stop drinking soda. Soda is li
This after it hit a new 13year low of 9. 52. Back to you. Adam thank you very much, nicole. And now the latest on Jpmorgan Chase. Ceo jamie dimon met with u. S. Attorney general eric holder on a reported 11 billion settlement over mortgagebacked securities. Were all over this story. Rich edson is reporting from washington, d. C. , Elizabeth Macdonald is working phones here in new york, but first lets get up to speed with rich. Reporter good afternoon. He walked through the front entrance, slipped out the side door in a black suv. Jamie dimon spent about two hours at the Justice Department. Attorney general eric holder says he met with dimon, this following reports jpmorgan and justice are discussing an 11 billion deal in connection with abuses in mortgagebacked securities. At an unrelated press conference, holder refused to comment on the specifics of his discussions with dimon, though acknowledged the departments focus on financial crimes. This is something that is a priority for this
Under new management. Bob is here. Nicely done. Nicely done. Wonderful moment for barclays and New York Stock Exchange and for capitalism in general. I know that sounds corny but that is how i feel about it. What did you do just jump off the set . Thankfully post 9 and next is post 8. Took sideline reporting to a new level. I walked into the building this morning and said to an unnamed executive what time do you think this is going to happen . He said my indication is noon. It went off about three minutes before that. Josh brown will join us in a couple of minutes. They are switching over the mics. As soon as he is sitting down we will get his opinion on things, as well. Massive crowd down here this morning. So highly anticipated. What a lot of people didnt get a chance to see was the crowd outside the nyse at what they call the pen. It was amazing. Jack ma is literally a rock star in china and has an entourage of reporters that follows him around. There were 130 here today. From 100 d
Guide it. Billionaire activist carl icahn tells us what he keeps on buying apple stock in what he things apple is still very much a good buy despite what he was doing right now, down 7 . Apple disappointed investors with Earnings Report yesterday. The tech giant beating profit and revenue estimates, but a classic case of yes but he didnt do what i expected you to do. Falling short of what analysts expected for iphone sales. Only 51 million. They wanted 55 million. The stock is down about 7. 5 right now. Not a great day for apple. In fact this is the worst fall in about a year for apple. Even so, icahn still loves apple. Tweeting earlier just bought 500 million worth of apple shares more. Buying seems to go neck and neck with apples buyback program, so i hope they win that race. Charlie gasparino spoke to carl icahn. Much more on this story in a few moments. You dont want to miss this. A snowfall of data, the caseshiller index to the upside. No shock there is a rally among homebuilder s