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The only real takeaway is that were nowhere near a deal. Hence why the market nose dived. Dow plummeting 185 points. Nasdaq falling 1. 29 . Why ticktock portfolio . Because its becoming evident that we dont have just one traumatic worry ahead of us, the fiscal cliff itself, but a second one, which is that times not on the side of the compromisers anymore. Theres just too much going on in washington to presume that even likeminded people can wrest the debate from the partisan extremists of either party, those who sink below and not rise above. Even if youre confident that a deal can be reached someday, you had to have your breath taken away by the first question from the press after the president gave an impassioned statement about the need to avert the cliff thats going to raise everybodys taxes and just cause such havoc. Thats because the question was about general petraeus. Not the financial time bomb facing us. Oh, no. Petraeus . Petraeus . Dont you know this is bigger than petraeus ....
Really make it happen. But quarter after quarter the company has been able to deliver with a surprise when it came to sales for pcs which we know are in decline but perhaps not quite as much decline as wed anticipated particularly on the commercial side on notebooks where they choed real strength. That did help the quarter and on the revenue side, printing went fairly well. They did come ahead on revenues and on profit. One of my favorite notes Morgan Stanley saying they are achieving the impossible keeping expectations low while increasing revenue and cutting costs and investing and so forth and cash as well. Well talk a lot about that with meg in a minute. The futures are up a touch which means the s p could post its first threeweek win streak in three months. Meantime, were keeping our eye on the tenyear yield and overnight in asia the nikkei was almost up 3 as the markets liked the manufacturing data out of the u. S. Yesterday ....
Sen. Sherrod Brown (D-OH) takes cash from Big Pharma companies and lobbyists despite saying the industry must be punished for jacking up drug prices. ....
Healthcare Veteran and Former Navitus Executive, Byron Mickle, joins HealthPlan Data Solutions (HDS) as Chief Growth Officer streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.