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Ibm shares as carl said moving in the opposite direction at least eight firms cut their price targets on the stock, this after disappointing sales and guidance. Tim cook optimistic about apple music and its more than 6. 5 million paid users. First up, yum brands announcing plans to split into two publicly traded brands, yum brands in china. Them focus on expanding those chains around the world. That separation expected to be completed by the end of next year and continues this trend of Companies Like alcoa, ge trying to spin, sell off, divide into two. Yeah, i mean, my problem here is that i dont like when this is happening, its happening at a time when there still isnt any stabilization in kfc. Taco bell might be added to china. They dont have taco bell in china, but it could be introduced over time, yes. New ceo, members from taco bell. The new ceo of china or yum overall . Yes, the new ceo for china, he has a good reputation. L ....
Fomc meeting has a bias thats phenomenal. Theres a regional fed study that indicates that Something Like 50 to 70 of all the gains in the stock market could be had if you just added up these days. Theres some discussion of what investors would like to see in the fed statement this week. Whether they need the fed to show support to the markets. Whether they need to back away from the mention of increases in september. Does any of that need to happen for the market to stay positive . The feds will be a little obstinate about things. At least theyre carefully monitoring whats going on elsewhere and that they remain data dependent and theyre going to wait for the thing to build up so that will give us a little bit of space. How much of this has to do with the fact that crude seems to be behaving. Is that allowing people to kind of look beyond that at other things . Does that mean that we should pay even closer attention to earnings th ....
Volatile trade in the after hour sessions so far. Well bring you the head loins as they break. Well be checking in throughout the hour with bgcs colin gillis manning the red phone and meantime, guy, what do you make of the quarter . I think given where the price of the stock is, lets just call it 100. I think its something for everybody. Bears will point to the iphone shipments being somewhat disappointing. Bulls will point to increasing margin improvement and bears will point to the tax rate being a help to eps. Bulls report maybe will report to the fact that revenues were not as bad as some of the nay sayers on the street were going to say given what we heard from the supply side. Right here where its trading 99 is a coin flip. Given the choice between the two i think you buy it here. The Conference Call will really be key in terms of breaking the tie between the bulls and bears. What would be your number one question for tim c ....
But appetites to own are another. New home buyers, first timers, new lows, enormous ramifications for the housing economy. Lets check in with sue at the new york stock exchange. Kind of a mixed day here. We had mixed Economic Data so perhaps mixed trading session should not be a surprise. Dow, s p 500 and dow utilities. Dow negative by about three points or so. Some of the big integrated oils are moving. Chevron and then home depot the biggest drag on the index. Nasdaq up for the 11th time in 1 sessions. The middle of october we all remember how brutal that was. It ended with a pretty big bang. Which are riding the market the best . The index funds or actively Management Funds . Dominic chu is back at hq. If you look at active versus passive discussion it is about whether or not it is better off to pick stocks and time markets as opposed to do what everybody wants to do whic ....