Upsidedown shares tumbling on that big subs miss plus, tech in focus ibm and ebay beat estimates. S. A. P. Misses. Microsoft, crowd strike, chewy after the bill and the growing default risk for stocks lawmakers scrambling for a debt ceiling deal why the treasury secretary says dont be concerned obviously netflix is the lead today, tumbling in the premarket. Saw lower than expected international subadditions that news overshadowing a beat on Quarterly Earnings and revenue. Ceo Reed Hastings talked about the miss during last nights earning call this is one where we forecasted high. There was no one thing, and if i think about three years ago, we were also light. You know, we never really were confident of the explanation then we were 2 billion in quarterly revenue. New were on 5 billion so its easy to overinterpret the quarter membership ads the debate this morning is largely about is this about weak content or is this just price churn and elasticity questions yesterday there was a ceo w
If she becomes president and will be welcome. Definitely is stock to watch all the major indices. Democrats win the senate you tomorrow as well as we said, netflix is lower microsofts Conference Call set have to be paying attention to to kick off next hour. What shes proposing in the back to john fortt with a look Communication Services bottom, campaign right now. Clearly, there is a bank at what to expect. John, what do you make of what Oil Continues to slide down 3 aspect of that, as you said, we heard from the quarter so with the reinstation of glass far . Yes, the call in just over 30 minutes, and this is going to today, 8 for the week as a be somewhat of a victory lap for whole. Financials top the sector stiegle. Whats your take on that performers microsoft. Revenue, you recall, came in news this hour, as airline do you think thats a calculated nearly a billion dollars above point from her, to think well, executives get ready to meet expectation, strong eps and with the president
Engineering giant plans a 3 billion buyback. Welcome. This is the pulse. Mario draghi is speaking in the European Parliament right now. Pastid that q. E. Will run september 2016 if needed. Aredownside Economic Risks visible. His comments had driven the euro lower against the dollar, sterling and yen. The fed is, as expected to hike rates, widmark the First Time Since 1994 there was Monetary Policy diversions between europe and the u. S. Back then, janet yellen was teaching at university. Mario draghi was a senior Civil Servant in the italian finance ministry. Europes benchmark break was set by germany. That months, the fed boosted benchmark rates to 3. 5 . The Buddhist Bank cut its discount rate by half a percentage point. Cut itsundesbank discount rate by half a percentage point to it who better to discuss these issues then my guest. The founder and managing director. Richard jones is in the house, from the bloomberg first word team. We heraard from you before. You are listening to dr
The moment, cac 40 down, ftse off by just under 2 10 of 1 , still waiting for the dax to open. We are not seeing that optimism we were seeing in the markets yesterday at the moment. I want to show you the main stocks we are watching, starting with siemens. Fourthquarter profit was a beat, and what we heard is that the company will raise the dividend, also announcing its second Share Buyback since the ceo took the helm two years ago, as he expects no broken 2016 Profit Margins. Rollsroyce we arent seeing in move yet, but profit this year will be at the lower end of the range than forecast because of additional headwinds in the aerospace and marine market. Sharply weaker demand is forecast. Finally, burberry this was a profit the firsthalf after the company had been cutting cost, because the challenge it has been facing mainly in china. That led it to have this profit warning last month, shares dropping the most in three years. We see them up a bit today on that beat and the news about t
Exchange. Were watching ecb president mario draghi here on Worldwide Exchange. Lets listen back in. The final figure was actually lower. And this certainly contributed to restoring confidence in the markets. At that point, when the confidence was just returning, the ecb was of the view that he would have been highly disru disruptive to have 4 billion after it had already before. It would have been highly disruptive. In other words, the cost would not offset the benefits. This was the view. And later on in 2011, this view was confirmed and the foreseeable was about 2 billion. Also because they wanted to exempt to irish banks. So it was small to begin with. With the potential high cost in terms of confidence in the irish program. You also one also should remember that it was restoring Market Access, which, by the way, is the key to programs, really. So the main okay apologetic tif at that time was to achieve Market Access and this was thanks to the compliance with the program. Thanks to