Understanding why viewers want us to compare results to last year, not to analyst expectations. We have 70 above. What does that tell you other than the Company Effectively managed where analysts were. We have no idea is it above or below. Intel, a third of their profit dropped off. In both revenue, and earnings, wouldnt you like to know how it compares . What if everything is down from last year in both revenues and earnings . Was it rich who was saying what you should be looking at is the number of companies that have surprising that shock you by missing by so much. Those are the ones who you havent really seen just objectively, it is hard to do above or below last year, there is always items, they sell businesses, so, you know, things are discontinued and makes it hard. The stock trade is based on where the streets expectations are. If they knew it would be coming down steeply, but if you knew it was going to be coming down steeply, street knew it was coming. Youre late to the game
Inside. It has not been a good year for the president. In the last state of the Union President obama called on congress for an increase in the minimum wage. He didnt get it, and today he announced he was sidestepping congress to get the minimum wage increase for some federal workers. Immigration reform went nowhere. Gun control measures stalled. The president wauxz into the chamber for the First Time Since the 17day Government Shutdown centered around his Signature Health care law. The same bitterly divided donothing congress were just 72 laws passed in all of 2013. We have an allstar panel joining us tonight for our live coverage. Were joined by shark tank agency kevin oleary, cnbc contributeors jared bernstein, the former chief economist for veep joe biden, white house political direct for president george w. Bush, nara tanden. She was president obamas domestic policy director during his reelection campaign. And cnbcs robert frank. First, lets go to cnbcs chief washington correspond
Odds since the beginning of august, thats when they were blacked out on time warner systems in los angeles, new york and dallas and smaller market as well. Well talk to a media analyst in the next half hour to see who came out as the big winner on this. Cbs, kind of thumping its chest. Well talk more about that. First, back to the tech story overnight out of europe, jon fortt talked to microsoft ceo Steve Ballmer an hour ago and joins us from san jose with the highlights. This caught a lot of people by surprise, jon. Not entirely surprising that microsoft would look at perhaps stephen elop as a ceo candidate, but the timing of picking up all of nokias devices and Services Business quite surprising. All the talk on twitter also over in germany where there is a major tech show kicking off that will be following throughout the week. I spoke to Steve Ballmer about an hour ago, first on cnbc interview. We talked about the join up of the two companies, we talked about stephen elop. Listen to
Good morning, everybody. Im becky quick along with joe kernen and Andrew Ross Sorkin. Joe, nobody can put anything by you. Youre right, it is 2013. Our top story this morning, call it a breather or a break, but the winning streak has been snapped after an eightday run for the s p 500 giving background. Not much, but it is enough to stop the longest run in eight years. The s p 500 dropping about three points, but the index still remains a hair above 1500 and some people will tell you thats pretty important. The dow finishing lower after bouncing around the flat line all day. The dow standing at this point at 13,833. But the nasdaq showing some signs of life thanks to roadway bound in apple shares. The nasdaq closing at 3154. Apple shares up about 2 yesterday. Also yesterday on squawk, jpmorgan strategist tom lee made the case for the dow hitting 20,000 in the next couple of years. When we look at multiples, you have to keep in mind mid cycle s ps are at 13 been were at 1257. Triple yiel
Good evening everyone im frank somerville. And im julie heatherville. Heather holmes is at a memorial that is now growing. Reporter we watched tonight as people most of them strangers have placed candles, stuffed animals and flowers. The girl was wearing her helmet when she was struck and killed. This the af couple came to say a prayer for the life lost. We have kids that have grown up here. You know, its just, its a family in this area. Reporter police say around 8 30 this morning the girl whos name has not been released was riding her bike east. Joe roden works at the Prudential Office near by. Happened to see some commotion, looked out and realized that somebody had happened. I rushed back and get a blanket, i rushed and brought it out to try to keep her warm. Reporter the girl was rushed to the hospital where she was pronounced dead. Reporter not far away, we ran into a bicyclist who said she tries to stay safe. Its really scary. Because the people are kind of speeding by because i