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CNBC Squawk Box October 20, 2015

Travellers, withdrew nighted technologies and verizon among many other major companies. As for the economy, one important report of note. September Housing Starts and Building Permits out at 8 30 eastern time. Okay. We have a couple of stories were watching this morning. Apple ceo tim cook making a couple of headlines at a Big Technology conference in california. The tech giants new Music Streaming Service has reached more than 6. 5 million paid users. Another 8. 5 million are participating on the free trial. Are you still free trial. I dont know. I dont know if its been three months or not. Maybe not. My son downloaded 59 songs and three albums. And its good. Its alternative but its good. I got all new stuff to listen to. My music life is good. Changed. ....

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KQED Nightly Business Report October 20, 2015

Making hardware into cloud computing. Ibm reported earnings of 3. 34 a share. That was four cents better than estimates. Thats the good news. But revenue fell nearly 14 from a year ago, coming in at 19. 28 billion. And that sent shares of the dow component initially lower in afterhours trading. In an interview after the results were released ibms cfo talked about the decline in revenue. Within the revenue we report we obviously have a pretty substantial currency headwind that we continue to deal with. And as we transform our business we continue to move out of areas where we dont see longterm value. So across that across our revenue base thats about 13 points of impact. Josh lipton has more now on ibms results. Reporter 5. 1 billion. That is what ibm reported for its software revenue. A drop of 10 compared with the Third Quarter of last year. Analysts had been looking for 5. 2 billion. So a point of weakness where the street was ex ....

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KQEH Nightly Business Report October 20, 2015

Making hardware into cloud computing. Ibm reported earnings of 3. 34 a share. That was four cents better than estimates. Thats the good news. But revenue fell nearly 14 from a year ago, coming in at 19. 28 billion. And that sent shares of the dow component initially lower in afterhours trading. In an interview after the results were released ibms cfo talked about the decline in revenue. Within the revenue we report we obviously have a pretty substantial currency headwind that we continue to deal with. And as we transform our business we continue to move out of areas where we dont see longterm value. So across that across our revenue base thats about 13 points of impact. Josh lipton has more now on ibms results. Reporter 5. 1 billion. That is what ibm reported for its software revenue. A drop of 10 compared with the Third Quarter of last year. Analysts had been looking for 5. 2 billion. So a point of weakness where the street was ex ....

New York , United States , New Jersey , Laguardia Airport , Arthur Ashe Stadium , San Francisco , Sergio Marchione , Sanofi Pasteur , Jeb Bush , John Harwood , Jack Lew , Anthony Foxx , Oscar Munoz , Ben Bernanke , Oprah Winfrey , Smith Kline , Josh Lipton , George W Bush , Mary Thompson , John Sweeney , Jeff Smisek , Brian Blair , Phil Lebeau , Ferrari Ipo , Revenue Base , Third Quarter ,

KQED Nightly Business Report October 20, 2015

Making hardware into cloud computing. Ibm reported earnings of 3. 34 a share. That was four cents better than estimates. Thats the good news. But revenue fell nearly 14 from a year ago, coming in at 19. 28 billion. And that sent shares of the dow component initially lower in afterhours trading. In an interview after the results were released ibms cfo talked about the decline in revenue. Within the revenue we report we obviously have a pretty substantial currency headwind that we continue to deal with. And as we transform our business we continue to move out of areas where we dont see longterm value. So across that across our revenue base thats about 13 points of impact. Josh lipton has more now on ibms results. Reporter 5. 1 billion. That is what ibm reported for its software revenue. A drop of 10 compared with the Third Quarter of last year. Analysts had been looking for 5. 2 billion. So a point of weakness where the street was ex ....

New York , United States , New Jersey , Laguardia Airport , Arthur Ashe Stadium , San Francisco , Sergio Marchione , Sanofi Pasteur , Jeb Bush , John Harwood , Jack Lew , Anthony Foxx , Oscar Munoz , Ben Bernanke , Oprah Winfrey , Smith Kline , Josh Lipton , George W Bush , Mary Thompson , John Sweeney , Jeff Smisek , Brian Blair , Phil Lebeau , Ferrari Ipo , Revenue Base , Third Quarter ,