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Quarterly results missed estimates and said compensating victims for defective ignitions will cost at least 440 million. Matt miller joins me along with chuck stevens. Matt, take away. Thank you. About the costsk you have set aside or the cost you pay for the actual recalls. It was 1. 3 billion in the First Quarter, 1. 2 billion in the Second Quarter, and a lot of analysts do not seem to have accounted for that in their forecast. Why do you think that is, and how much do you think it is going to be Going Forward . Before i get into questions specifically arm the recall, if i could talk about overall performance, i think it is an Important Message to get out. We continue to have strong twolts, especially in our key markets, north america and china. Recallexclude the ....
Live in ukraine where there is growing concern about the security and protection of evidence at the crash site of flight mh 17. At least 13 people are killed in india after their school bus was hit by a train in the southern state. And the first day of competition at the Commonwealth Games in glaskow. Aviation officials are saying they have lost contact with an air passenger flight and lost contact 50 minutes after it took off. The Algerian News Agency says the plane is flying to algiers and 110 people are on the plane. One of the planes were being operated by air alger. They are saying that the aircraft took off at 1 17 local time. It was supposed to land in algiers at 5 10 in the morning local time but did not reach its destination. There is a flight number for that plane although i should say we cannot completely confirm this but the flight number we have from th ....
Getting reports on home sales. Andrew, good morning. All the way down at the stock exchange. Facebook shares getting a boost hitting record highs. The social times beating the street. The company says it saw an increase for both advertiseres and users during the Second Quarter. Well have more from analyst dean munser. Second Quarter Results fell a bit short. Cheaper Service Plans offered to customers without subsidized cell phone cut into margins. Were going to talk to an at t analyst in the next half an hour about that. There could be a bit of good news in there, too. Qualcomm Beat Estimates on the top and bottom line. The Current Quarter profit forecast came in below estimates. In unrelated news on the compa ....
Richard fisher, we know how he feels. S ugust beckongs you wonder what the fed people think. Jackson hole is three weeks away now. Richard fisher is known to put out a lot of things. The Kansas City Fed meeting begins. Should rates go up or down . Earningsd cummins, before the bell. After the bell herbalife. Timber and returned overnight from his mideast travels. I hope you got a good nights sleep. Lets do an exhaustive a data check. Call it a turn. The yield still under 2. 5 . The euro churns, but still weaker. Hydrocarbons we will talk about that. Under 13. The dow is slightly under 17. 30 year bond is in. Putthe ruble goes against in. Lets look at that. Just a little bit of her personal. Reversal. What is the role that mr. Putin has amongst economists . Look at that connection. Somebody just played with a wire. We have had all kinds of adventures this morning. Yours. To reaboot frontpage israel, andrry, gaza. Pressure is conti ....