Trump about how we could end up in a major, major conflict in his words. Did put some pressure, if you see the nikkei, down about 0. 3 . Same with the hang seng. In europe this morning n some early tlading, things are mixed. The ftse is down by 0. 25 . The cac is up by that much. The dax is up by 0. 10 . With crude oil prices this morning, looks like wti is still below 50. Up 27 cents. Tech stocks on the move this morning. After quarterly reports late yesterday. Lets give around up of whats going on. Amazon eps tops estimates by 36 cents. Saying revenue from the Cloud Business, advertising and Subscription Services helping to drive those results. Alphabet beating the street on both the top and bottom line. Strong ad sales sending profits up 29 , despite some advertisers boycotting youtube. And microsofts ref knew ju revenue just missed consensus. Sales of the Cloud Services platform jumped 93 in the quarter. Last but not least, look at intel. Reporting lower than expected quarterly rev
Around 80 around 2020 and we do not think that the 50 for many, many years is a likely scenario. Citron turns its sighting pushes shares into the red as the short seller says its a far worse offender than valeant in the drug maker scandal. Why would you buy a pc anymore . Thats the message from tim cook as the apple ceo says the watch could set a new sales record this quarter. Were coming off the worst sell off in six weeks time. In fact, the s p 500 is down for a fourth straight day. Lets check in on the implied open at this point and were below fair value. So looks like the s p is going to open lower by 5. 25 points. The Dow Jones Industrials pricing at losses of 35 points and the nasdaq. Looks like were pricing in a lower start of 11 points. Heres a look at what happened yesterday and that helped push the dow back into negative territory for this year, 2015. Were flirting with that positivenegative line but looks like thats the worst for all three benchmarks in six weeks. So pushing
Banks have a message for the biggest customers. Pay take your money elsewhere or pay up. Some deposits are less profitable. Jpmorgan, citibank, others will start charging on fees that were free before. Those include hedge funds. Section is after Bernie Madoff admitted to bedding the biggest ponzi scheme ever, his lieutenants will learn their fate starting today. They made millions while helping 18 millionh his scheme. Made off is in prison for the rest of his life. Will fever is hitting new york. , wheree and duchess women kate, are here. Then i meet the first lady of new york and see a basketball game. Receptionattend a with Hillary Clinton. Prince william will go to washington to meet with the president. ,hey had dinner last night supposedly recorded by the new york post. Extra day . How much was it . Of 2000 per plate. This was according to a surveillance reporter at the new york post. Baby george. Ing he is at home with grandma. Bugaboo bring baby george . I heard they wanted him t
Continued pressure from abroad. And meeting facetoface, president obama and House Speaker john boehner sit down for a oneonone over the weekend. There are just three weeks left before the u. S. Goes over the fiscal cliff. Italian shares are down nearly 3 this morning. For the most part, it is bank stocks leading the way down. Were now down about 2. 76 on the ftse mib. Bank stocks have been hit particularly hard this morning. Earlier, we saw shares down 5. 6 . Were seeing the same thing, whether its bmps hitting session lows down nearly 6 comes amid concerns about leadership and economic reform in italy following mario montes announcement that hell resign once the budget has been passed. This move is likely to bring the country forward to elections next year. The italian Prime Minister has offered no clue as to whether or not he will run and it comes after Sylvia Berlusconi declared over the weekend he would throw his hat in the ring for the job of premier. Carolyn ross is in italy foll
Happen until the gop agrees on a tax hike. Senator dick durbin saying no deal on the debt without a tax hike of the wealthy. I cant tell you, i dont want to do it, the president doesnt want to do it, but we need to solve the problem been we cannot allow the reckless position to drive this economy into another recession. Some suggesting that it might be better to cave to the president now on taxes and keep up the fight on spending. If we were to pass, for instance, raising the top two rate and thats it, all of a sudden we do have the leverage of the debt ceiling and we havent given that up. Meantime, one influential voice says enough is enough. Thats like betting your country. Theres something terribly bizarre and juvenile about that is to think your party comes ahead of your country. I dont go for that at all. That, of course, was alan simpson, the other half of simpso simpsonbowles. Erskin bowles will join us this morning, as well. If you have the democrats quoting him, the republican