Political leaders plan to end a standoff involving planned parenthood that is holding up a funding bill for the zika virus. It would be involved in a stopgap spending measure avoiding a government shutdown. The flag that was raised at ground zero went missing but has resurfaced. Forensic analysis confirmed its authenticity. It is back on display at the september 11 memorial museum. Global news 24 hours a day powered by our 2600 journalists in more than 120 countries. I am mark crumpton. This is bloomberg. Bloomberg west is next. Emily i am emily chang. This is bloomberg west. Wall street has apple shares sliding. What do investors want . Could google and apple give traditional carmakers a run for their money . We will check out a new report. On car technology. The playstation 4 lands in november. We will hear from the sony chairman on what to expect from the latest hardware. Investors and analysts taking stock of the iphone seven a day after announcing the coming upgrades. Appleshare s
Expecting and it didnt stop there. Ciscos outlook for the Current Quarter was upbeat as well. The dow component increased its dividend and added 15 billion to its buyback. Earned 53 cents a share, 3 cents better than estimates. Revenue for the quarter around 12 billion, a slight decline from a year ago. As for the stock, shares took off initially after that report was released. And the results come at a tough time for the tech sector. As josh lipton explains, ciscos report was closely watched as a proxy for business spending. Reporter tech has tanked with the nasdaq now down more than 10 so far this year, a big part of the concern, the Global Economic slowdown Means Companies are spending less on technology. Thats why tech investors were so interested to hear from cisco which is seen as a barometer of corporate i. T. Spending. It generated 49 billion in revenue in its last fiscal year, so the bottom line is, it was very big, it remains big, and its Earnings Report is important for folk
There. Ciscos outlook for the Current Quarter was upbeat as well. The dow component increased its dividend and added 15 billion to its buyback. Earned 53 cents a share, 3 cents better than estimates. Revenue for the quarter around 12 billion, a slight decline from a year ago. As for the stock, shares took off initially after that report was released. And the results come at a tough time for the tech sector. As josh lipton explains, ciscos report was closely watched as a proxy for business spending. Reporter tech has tanked with the nasdaq now down more than 10 so far this year, a big part of the concern, the Global Economic slowdown Means Companies are spending less on technology. Thats why tech investors were so interested to hear from cisco which is seen as a barometer of corporate i. T. Spending. It generated 49 billion in revenue in its last fiscal year, so the bottom line is, it was very big, it remains big, and its Earnings Report is important for folks that want an updated view
There. Ciscos outlook for the Current Quarter was upbeat as well. The dow component increased its dividend and added 15 billion to its buyback. Earned 53 cents a share, 3 cents better than estimates. Revenue for the quarter around 12 billion, a slight decline from a year ago. As for the stock, shares took off initially after that report was released. And the results come at a tough time for the tech sector. As josh lipton explains, ciscos report was closely watched as a proxy for business spending. Reporter tech has tanked with the nasdaq now down more than 10 so far this year, a big part of the concern, the Global Economic slowdown Means Companies are spending less on technology. Thats why tech investors were so interested to hear from cisco which is seen as a barometer of corporate i. T. Spending. It generated 49 billion in revenue in its last fiscal year, so the bottom line is, it was very big, it remains big, and its Earnings Report is important for folks that want an updated view
7 00 if youre watching in amsterdam. Get to the phillips breaking numbers. , 374 quarter adjusted million euros. They are saying that the lighting separation process is well on track and that is a key topic of conversation. They are trying to exit the lighting business. Whether that is an ipo or a sale. How well is the medical equipment part of the business doing as they are trying to suffer out the lighting separate out the lighting part . They are looking to streamline their costs, adding on Servicing Agreements and incorporating more technology into their health care products. They have hired banks to prepare for this possible ipo of the liking business. We will speak to the chairman and ceo at ex 40 this morning on countdown. Just for a little bit of comparison, that revenue number looks to be ahead of estimates. That is the Early Morning earnings season that started monday. Over in asia, a conversation a combination of oil prices and a strengthening yen. Lets put that in a little