Recovers. No one knows why. The question is was it all the algos . Emma chandra is here with first word news. Vladimir putin will have one less opponent in march. Russian officials formerly formally barred the Opposition Leader from running because of a conviction in a fraud case which has been viewed as political retribution. He could have run if his conviction had been canceled. A Spokesman Says the kremlin is concerned about the possibility the u. S. Might extend sanctions against russia. That took effect in august calls for the treasury to compile a list of business asders of the Companies Seen close to the kremlin as potential targets for sanctions. Last week the u. S. Added the names of several prominent russians to the list. Almost a year into Donald Trumps presidency the border wall he passionately promoted throughout his campaign amounts to eight prototypes. No more than 30 feet long each in the desert outside san diego. No funding has been appropriate by congress to advance t
Secondquarter revenue, 74. 1 billion. That is the number that we were looking for for revenue. Once again, secondquarter earnings per share one dollar. 74. 1 billion, secondquarter revenue. Scarlet thank you so much for that first read on exxon mobil results. We have alix steel. This is our moment. She is busy looking through all the numbers. This earnings pershare number. Matt versus almost three dollars last year. It is an amazing drop. Alix we do want to hear where the miss actually happened. The common theme for earnings has been production and job cuts. What they do with production is mattering a little less. Can they keep their dividends . Do they have cash flow to cover it . That is the focus. Every quarter, it is usually production, production production. That came in bang in line. Those metrics matter a little more. We are getting a reading on capex comeing in at 8. 3 billion. Scarlet we were talking about production. Why is it significant to meet Production Target . Alix big
Their 11th straight game. Trying to netflix stock on fire overnight with the companies that own house of cards another original shows pay now for the big increase in subscribers. Fbn am starts right now. Lauren good morning. 5 01 a. M. In new york. Tuesday, october 17th. Cheryl good morning, everyone. Cheryl casone. Did we ever doubt netflix would not have a good quarter . Prices up 10 . Unbelievable. Cheryl shows are credible. Chewing through the National Football league the National Football league set to meet here in new york later today. Commissioner roger cabal, coaches will discuss the National Anthem controversy and try to find a solution. Cheryl Tracee Carrasco will cover this all morning in new york. A preview of what we can expect. Tracee good morning, ladies. The protests of the National Anthem will command much attention over the next few days as nfl commissioner roger goodell, head of the team owners and current former players meet here in new york city for the angelique m
They are missing the point. Microsoft has just confirmed that American Technology rules. The big five have the ideas, the profit and the growth. And, you know, that might be a problem for one of the big five, amazon. There are report that is the government is checking their prices. Are they really discounting . Thats a small scale investigation, but it may be the start of a pushback to the extraordinary power that amazon has acquired. In a moment, the full story on tech and the presidency on brink of a big win or a big fail. The friday edition of Varney Company can is about to begin. Stuart oh, look at the futures. Were down 50 points at the opening bell, 28 and a half minutes from now. Well check that market when it opens. Oh, dear. I told you a moment ago that microsoft reported stellar profits, and so they did. But the stock price is slipping a little after a big runup when the results were first announced. Profit doubled the, the Cloud Business took off, and were going to try to fi
I want candy i love m ms and i think theres a new candy. Welcome to power lunch, everybody. Sweet moves in the market at this hour. S p erasing its march deficit going positive for the month. Seeing its fifth straight day of gains. The dow has 100 point deficit to make up to break even for the month. A few notable movers, here, expecting annual grows through 2021 and will return 8 billion shareholders. Investors dont seem too impressed. The stock is down about 4 right now. Goodyear tire also lower. It was downgraded to a neutral from a buyover at Goldman Sachs evaluation call and chipotle shares are moving higher to 2 1 4 . Tyler . Mely sarks thank you very much. Welcome, everybody. Here is what else is happening at this hour. Good news for home buyers right now, morgans rates are falling again. 30year rate dropping to its lowest level in a month, averaging 4. 4 . Not as low as they used to be, but still pretty low. The debt, National Debt that is on track to keep rising over the next