Maybe you dont care but you do care about the american economy. And boeings news impact us all. We tell you whip process then apple hitting the alltime high today, three analyst have three different takes on the same stock. Well find out who the traders believe is right all that as we begin with an earning alert on fedex not good. Fedex stock down again, missing on earnings and revenues lets get back to eric chemy at cnbc hq with more on the fedex flop. Thats right a disappointing quarter for fedex. Ceo fred smith acknowledged in the release that the fiscal 2020 is a yeerd of continued significant challenges and changes. The the company missed on top and bottom lines setting weak Global Economic cannibus, increased fedex ground costs, the loss of busy from amazon, shift to lower yielding services pb, no competitive pricing environment and late Holiday Shopping season. Looking ahead, the company reduces guidance to reflect lower than expected revenue and higher than expected expenses. F
Fiber im Clarissa Ward In Jerusalem Hello Again and welcome. Its time to get together with some smart people. Theyre break down the big stories today, were asking facing stiff headwinds from bad balls, border prices, and rowdy republicans what did the President Big speech tell us about the state of job . Five then Donald Trumps remarkable political comeback. But will a jury of his peers stopped him in his tracks. And the March Madness At One University that has everything to do with the basketball team. But nothing to do with the game itself. The panel is here and ready to go. So sit back, relax, and lets talk about it up. First. President biden spending the weekend on the Campaign Trail trying to build on whatever momentum he gained from this week State Of The Union union address. A speech before tens of millions of americans that biden used to launch his campaign for reelection the state of our union is strong and getting stronger joe biden turned the traditional State Of The Union s
Theresa may and eu insists that brexit ball is in each of his court. Yousef it is 8 00 a. M. Across the emirates. I am yousef gamal eldin in dubai. Angie i am angie lau in hong kong. Ink politics means punk politics means pingpong politics. We take a look across the asiapacific region because it is admirable sparring in washington that is putting in doubt that u. S. Tax reform proposed by trump. Japan, south korea coming back online. The kospi climbing the most after attending holiday and one of the big movers on the kospi is samsung. Take a look. It is my the biggest movers on the kospi index. Yousef, what is moving in your market . Yousef look, quite a few things to look out for. Brent crude, little bit of gain but the opec nonopec talks not really impressing this market. Really up. 1 . We are looking ahead to u. S. Crude inventories, those are forecast to decline way third week. Gold futures ahead front of the fed oh head of the fed minutes. U. S. Treasuries the comeback on. Ine, ju
Shaping up for a second day of gains. Futures positive of 65 points on the dow. Overall it seems like market this morning. Theda lets go around world for indepth coverage of our top three stories. Robin ganguly is in hong kong. Matt miller is here in new york. And Francine Lacqua is in zurich. Lets start with francine. Why the big jump in the stock this morning . The jump in the stock is basically because we had earnings that were not great but they were better than analysts thought they would be. Theyre trying to execute the strategy unveiled in november that he had to update in march when things got uglier when he thought they would. Execution andout costcutting and targets. This is not a great set of results but they are going in the right direction. The ceo said this means they are doing better and they are happy with the progress. We are pleased with the results. If you look at what we are trying to achieve, the growth divisions, switzerland, asia all had a really good quarter wit
Weve got someone from the administration to explain what in the world is going on. And another union may soon invade the south. The last one burned atlanta. The union army. Will this one burn all those manufacturing plants and jobs to the ground . Were talking unionizing. Sue is at the nyse. Hi. Its a down side day. Right now where we were momentarily again, the Dow Jones Industrial average off about 100 points on the trading session, s p down 9, nasdaq down 29. Thats the biggest percentage move to the downside. The russell 2,000, the broadest index is down almost a full percenten. As for Interest Rates, the yield on the 10 year is 3. 623 . The oil and gold market going in opposite directions. Comex up 14 bucks but ice brent is down about a tenth of a percent. Down 8 in month. Were seeing gasoline under 3 bucks at some stations around the country. And the volatility index known as the vix up 10 in a week. It is up almost 11 . At 1855. Ty, up to you. All right. Thank you very much, sue.