A lot of Corporate News this morning. First, lets get a check of the bigger market picture. U. S. Equities closed out of correction territory yesterday. A good rally weve seen over the last ten days or two weeks. Sparked, perhaps, some say, when jamie dimon stepped in and bought some shares. The dow called to open down by about 110 points. The nasdaq by 34. Lets have a look at european trade, where we are seeing some red there as well across the board. The ftse 100 is in the red today. Its down 0. 7 , led lower by Standard Chartered, which reported a fullyear loss for the First Time Since 1989. Asia also showing some red today. Nothing too pronounced. 0. 8 declined for shanghai. There are still concerns lingering about china, about the state of global growth, about the state of earnings, which hasnt been all too bright. Well see what the guidance looks like on the consumer names. In other words, the fundamental problems that have been with us since the beginning of year are not complet
Of europe is hanging to some green arrows. Apple disappoints and revenue guidance is short of expectation. Meantime, the overall market set for a missed open after a big mix on durable goods orders and another big driver of todays market is earnings, ford, comcast, pfizer some of the names making moves in trading and well break them down. First up, well talk about apple and shares taking hits after betterthanexpected quarterly profits they sold a record 51 million iphones in the quarter but below expectations, the Current Quarter guidance short of consensus and an hour from now well get information from john scully who will join us at post nine. We said how easy it would be to set a new record which they did on phones, but no one expected phones to come in quite this low. No. I think theres a big schism developing, the analysts have really turned on apple now. This has become an unruly Conference Call. And youll see in a moment, but the analysts are still talking about are you still a
Yet this morning but well see. That can change as you well know. Tenyear note yield, where are we . Yes, we are moving up yet again after yellens testimony yesterday, of course, going on for much of the day. In front of the House Financial Services committee. Europe did well. Europe so far looking pretty good as you can see there, of course, weve got the china trade numbers, bank of england also, by the way, raising its uk growth forecast. China certainly helping on the trade front, those numbers when they came out helped turn europe or continue a rally there. Right. Lets get to our roadmap this morning as well, of course, well be talking about markets. Starting off from their highest levels in more than two weeks the dow and the s p looking to extend the strongest fourday run since june of 2012 and december of 2011 respectively. Deere shares are higher in premarket. The company reporting earnings and revenues that beat expectations also citing what it says was effective cost cutting.
We always do at this time. It looks like were setting up for a slightly lower opening. We shall see. Not much of an active day there, we were very focused on the enormous cable deal yesterday in terms of the Broader Markets. Tenyear note yield, weve been in the 27 range, yes, 2. 75 and europe was positive, euro zone gdp showing betterthanexpected growth in the Fourth Quarter led by france and germany that has helped those markets. Yesterday a bit of a turmoil, you get that and italy and the like, markets were a bit lower perhaps impacting us slightly. Lets get back to our roadmap right here and its what else, the weather. Thousands of flights are still being delayed and canceled this morning as the northeast is recovering from yet another very large snowstorm. Plus, joseph a. Bank is buying eddie bauer the deal worth 830 million this comes as the retailer is still fighting off a hostile takeover attempt from its rival mens warehouse. And 8 isnt great for microsoft. The Company Announci
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