Seven cents a share. Expectations were for 14 cents. Revenue came in around 5. 5 billion, down more than 10 from a year ago, hurt by sliding Aluminum Prices. Shares of alcoa dropped initially on that report in afterhours trading. During the rg session it finished slyly higher. Despite the disappointing quarter cnn Klaus Kleinfeld called his company resilient. If you look at whats going on in the market, you see theres a lot of volatility thats in there. From Commodity Prices to currencies, to worries over china, emerging economies, Interest Rates. And if you look at that and then reflect it to our quarter, i think you see quite a bit of resilience in there. Morgan brennan has more on alcoas quarterly results. Reporter alcoa earnings and revenue missing expectations with the biggest drag coming from its primary metals segment or the aluminum giants smelting and refining operations. The company reporting a 59 million loss in that division as Aluminum Prices have plunged 25 this year. As
Seven cents a share. Expectations were for 14 cents. Revenue came in around 5. 5 billion, down more than 10 from a year ago, hurt by sliding Aluminum Prices. Shares of alcoa dropped initially on that report in afterhours trading. During the rg session it finished slyly higher. Despite the disappointing quarter cnn Klaus Kleinfeld called his company resilient. If you look at whats going on in the market, you see theres a lot of volatility thats in there. From Commodity Prices to currencies, to worri over china, emerging economies, Interest Rates. And if you look at that and then reflect it to our quarter, i think you see quite a bit of resilience in there. Morgan brennan has more on alcoas quarterly results. Reporter alcoa earnings and revenue missing expectations with the biggest drag coming from its primary metals segment or the aluminum giants smelting and refining operations. The company reporting a 59 million loss in that division as Aluminum Prices have plunged 25 this year. As we
Seven cents a share. Expectations were for 14 cents. Revenue came in around 5. 5 billion, down more than 10 from a year ago, hurt by sliding Aluminum Prices. Shares of alcoa dropped initially on that report in afterhours trading. During the rg session it finished slyly higher. Despite the disappointing quarter cnn Klaus Kleinfeld called his company resilient. If you look at whats going on in the market, you see theres a lot of volatility thats in there. From Commodity Prices to currencies, to worries over china, emerging economies, Interest Rates. And if you look at that and then reflect it to our quarter, i think you see quite a bit of resilience in there. Morgan brennan has more on alcoas quarterly results. Reporter alcoa earnings and revenue missing expectations with the biggest drag coming from its primary metals segment or the aluminum giants smelting and refining operations. The company reporting a 59 million loss in that division as Aluminum Prices have plunged 25 this year. As
Falling short yesterday. Adp helps, up 281,000, above estimates, strongest number in almost two years. Tenyear yield crept up to 26, two days in a row now, the fed may fall behind, and yellen speaks at 11 00 a. M. , and u. K. Home prices surpassing the 2007 peak. Road map begins with dow 17,000, index closer to the landmark. Will that better than expected adp number get us there . Dimon diagnosed with throat cancer plans to run the bank as normal during treatment. Google buying songs for an unus closed amount. Gopro going negative. Stocks setting up for the first down session since going public. Dow inches closer to 17,000, new record, and s p and nasdaq at new highs, adp surpassed expectations ahead of jobs thursday, tomorrow. Improving by 281,000, estimate was 205. May unrevised. Economists do not tweak models on adp anymore because of new methodology, but its better than the alternative. The surface jobs, well, where were they created . I dont see them in retail. I dont see them in
Economicists and central bankers is the entire focus for one day. Decided to make it wonky and focus on the labor market. I would be quite nervous, the financial markets, for the next 90 minutes because the world and the dog thinks she will be dovish, push the time line back for raising rates, keep it back so we surpass 2,000 on the s p 500. Thats what the markets positioned, what will happen, and it makes me nervous. 28 record closes, up 14, amazing statistic. The market climbs a wall of worry. Its a belief the central bank is there for you, basically. A wall of worry. Thats been the belief for a period of time, and theres those who blame rises in all Asset Classes are starting signs of speculation. You got reits per yield, and yellen does, as you suppose she may, strike a dovish tone, simon concern she wont, but that is the market belief she will strike dovish. We have draghi and whats going on in europe. We do. As put yesterday, of course, dissented from the fomc in july, but the fe