The nikkei was down by almost 600 points. Thats a decline of 3. 5 . Among some of the things that were cited was a weak Business Sentiment result from a survey from the bank of japan. Traders also citing weak earnings expectations in the United States. Again, 3. 5 decline. Its not our fault. Its japan. I think thats a little separate from what we see here. Call someone, what do you think . They just come up with that. They didnt hear it from a single trader, im sure. Oh, how about this . Well, you saw whats happening in europe. Theres a selloff under way there too. Some of the indices down by over 1. 5 . Again, whats happening here in the United States pales in comparison to all this. We only saw things down by 40 points here this morning so far. Lets give you a little wrapup on whats happening in the First Quarter. It is now officially in the books. It actually was a pretty stunning turnaround for stocks. The last time the dow had a gain like this in a single quarter was more than 82
Are among the Companies Reporting results before the opening bell today. After the close, well be hearing from ebay, facebook, and qualcomm. Take a look at the futures. After a strong day yesterday with the dow up 282 points, you can see theres some giveback today. Dow futures down by about 76 points. The nasdaq down by 35. Oil prices are coming under some pressure too. A lot of people are going to be paying attention to apple this morning. Earnings coming in at 3. 28 a share. That was 5 cents ahead of estimates. Thats sort of the good news. The bad news, revenue came in at 79. 9 billion. Apple sold 74. 8 million iphones, below estimates. Mac and ipad sales also weaker than expected. Apple sitting on a mountain of cash, 216 billion, up 21 from last year. Ceo tim cook spoke about all this on the Conference Call. Our financial position has never been stronger. We have the mother of all Balance Sheets with almost 216 in cash, which translates to nearly 39 per i did lutded share of apple s
Now well get to business at hand this morning. If youre just waking up lets get you up to speed on the markets and whats going on in the futures. Looks like a little bit of a mixed morning. The dow might open slightly higher. Nasdaq would open marginally off and the s p well call it across the board. Well see how things play out this morning. Joe. It used to be mostly new york social sociallights wasnt it . Five years ago it became very strange that it became sort of a moment. Its almost like the white house correspondence dinner. Its for not nerds. For real celebrities. For actual celebrities. Very few cross overs for the two i would think. Probably a hand full. Maybe a hand full. Other big stories were watching today a packed earnings count are among the names set to post results today before the bell. Disney archer daniels, discovery, kellogg and bloomg brands and disney moving its release up to 8 00 eastern. So executives can attend a Memorial Service for survey monkey ceo who died
What do you want . People were desperate to hear him Say Something about Lehman Brothers and his role in it. Same old same old. It was a little bit of the same old same old. I think people were expecting more on that topic and he didnt want to go there. So the economy and all sorts of things. It wasnt one way or the other but i didnt think there was a great revelation except by the way this whole thing clearly haunts him and possibly it was a loselose situation. He is one of those brands. What can you say . You cant move on until you addressed what has happened. And can you . I dont know. But i know you cant unless you do address it. Right. It is what it is. You say its a perfect storm. Wasnt bankrupt anything that you say, well look this is lets just look at what happened. You cant deny it. He wishes he could say you should have basically the best he could have done is said you should have rescued me like everybody else. There were some things selfinflected. Remember the way that they
Why is the stock taking off and is it justified . We have all that and more tonight on nightly Business Report for this friday, january 10th. Good evening and welcome. A reality check from the labor department. Only 74,000 new jobs were created in december, far fewer than the roughly 200,000 kmicht economists expected. A real disappointment. Its raising concerns now about whether this is a onetime miss or a sign of a real slowdown in job growth. Hampton pearson has more on todays jobs report and what it means for the economy. Reporter december 2013 was the weakest month of hiring in three years. After averaging 214,000 jobs per month from august through november, the economy generated just a third as many new jobs in december. Lead, economists were shocked. I wouldnt pay any attention at all to these numbers. Theyre not consistent with anything. [ overlapping speakers ] please Everybody Needs to chill it down a little. We havent fully turned the corner any more than we were down in the