At the center of those issues was a Company Almost everybody knows. Ups. And wasnt good. Shares tumbled nearly 10 making it the worst performing stock on the s p 500. After the parcel shipping company closely watched because its viewed as the barometer of the health of the economy warned investors to expect weak Fourth Quarter results. The reasons . Unfavorable currency rates, volume fluctuations because of the west coast port disputes and those low oil prices . Well they arent helping as much as many believed they would and thats not all. Morgan brennan reports. Reporter United Parcel service delivering bad news to investors slashing its Fourth Quarter earnings forecast. The problem . Ups spend a lot of money to successfully deliver holiday packages on time and avoid a repeat of christmas 2013 when millions of packages were delivered late. But it did so at a big hit to the bottom line. Analysts say the shipping jienlt overcompensated. Ups for some time has been using prices to try to
Was a Company Almost everybody knows. Ups. And wasnt good. Shares tumbled nearly 10 making it the worst performing stock on the s p 500. After the parcel shipping company closely watched because its viewed as the barometer of the health of the economy warned investors to expect weak Fourth Quarter results. The reasons . Unfavorable currency rates, volume fluctuations because of the west coast port disputes and those low oil prices . Well they arent helping as much as many believed they would and thats not all. Morgan brennan reports. Reporter United Parcel service delivering bad news to investors slashing its Fourth Quarter earnings forecast. The problem . Ups spend a lot of money to successfully deliver holiday packages on time and avoid a repeat of christmas 2013 when millions of packages were delivered late. But it did so at a big hit to the bottom line. Analysts say the shipping jienlt overcompensated. Ups for some time has been using prices to try to maintain its market share vers
Company, about succession and more. Apparently that race is down now to two guys. Yeah. Well take a look at who they are and why they are potentially his successors. Lots of good questions there. Meantime, stocks are rallying on the first trading day of the month, and even though they are coming off the best month since october 2011. The big market story here is the nasdaq hitting 5,000. Remember, it was 15 years ago this month on march 10th 2000 to be exact when the nasdaq hit its peak. March 2009 when it hit its low. We Team Coverage for you. Melissa lee on why it is different this time around. Bertha coombs on what the fax 100 is telling us. Are first, dominik chew standing right next to me looking at the stocks that got us here. Dom, what are the names . I mean over the past year there have been stellar runups. Obviously, when were at 15year highs for the nasdaq a lot of companies have to contribute but its a market cap weighted index, and these are the stocks that have big market
A percent. Lets get straight to kayla at the apple event in San Francisco. Kayla, tell us what you know. Center for the arts which you see behind me. Also showcasing a picture of empty seats inside the theater with the quote full of anticipation. Of course, thats an understatement as we are awaiting apples first new Product Launch in five years. Since the ipad in 2010. This is apples tenth first generation generation. It helps the player into this luxury market. Unclear which executives beside tim cook we will hear from today. That will be top of mind. Exactly how many details we get, but lest we think this is just about the apple watch. Much of the focus has been about that. Apple observers say we could get an announcement of a new macbook today, and that that could be the reason why the apple store has been done as of this morning. Typically that happens on the day of an apple Product Launch, and they say that could be the reason the macbook ready to go on sale once that site come ba
Market stocks set to open at more record highs this morning as we move closer to the end of the year. The deal is finally done. Apple signing a landmark agreement with china mobile, the Worlds Largest phone carrier. Analysts estimate this could help apple sell as many as 20 million additional iphones in china next year target sales suffering this weekend despite trying to make amends after credit and debit card information was stolen from as many as 40 Million People. Targets apology missed the market. We are joined by Dan Greenhaus. Stocks are taking aim at history. Futures on the ridese. The dow and s p on the way to rise. The s p and nasdaq each turning in their best weekly performances since october. As sarah said, dan, when we first came in this morning, we actually have a lot to talk about. We have echos of gdp on friday, lagarde raising instead of cutting her forecast for the u. S. We are going to see a pileon this week . I couldnt call it a pileon. There is certainly a lot more