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Taketogether, it was a recipe for a down day, and that is exactly what we got. The mainly indexes all falling 1 or more. The Dow Jones Industrial average off 200 points to 18,128. The nasdaq declined 81, and the s p 500 was off 26. A shadow was cast over the Broader Market when alcoa reported weaker than expected results to kick off earnings season. The stock fell 11 . Its worst day in more than seven years. And this was the last report for alcoa before it splits into two. Morgan bre dives deeper into the metal companys results. While alcoa reported higher quarterly profits, revenue slipped as the commodity busine continued to face pricing headwinds. But the higherperformin valueadded s that supply the aerospace and Automotive Industries also came under pressure. We have to admit that we are seeing in some o ....
Taketogether, it was a recipe for a down day, and that is exactly what we got. The mainly indexes all falling 1 or more. The Dow Jones Industrial average off 200 points to 18,128. The nasdaq declined 81, and the s p 500 was off 26. A shadow was cast over the Broader Market when alcoa reported weaker than expected results to kick off earnings season. The stock fell 11 . Its worst day in more than seven years. And this was the last report for alcoa before it splits into two. Morgan bre dives deeper into the metal companys results. While alcoa reported higher quarterly profits, revenue slipped as the commodity busine continued to face pricing headwinds. But the higherperformin valueadded s that supply the aerospace and Automotive Industries also came under pressure. We have to admit that we are seeing in some o ....
Taketogether, it was a recipe for a down day, and that is exactly what we got. The mainly indexes all falling 1 or more. The Dow Jones Industrial average off 200 points to 18,128. The nasdaq declined 81, and the s p 500 was off 26. A shadow was cast over the Broader Market when alcoa reported weaker than expected results to kick off earnings season. The stock fell 11 . Its worst day in more than seven years. And this was the last report for alcoa before it splits into two. Morgan bre dives deeper into the metal companys results. While alcoa reported higher quarterly profits, revenue slipped as the commodity busine continued to face pricing headwinds. But the higherperformin valueadded s that supply the aerospace and Automotive Industries also came under pressure. We have to admit that we are seeing in some o ....
Week for the economy. The brexit vote, yellen on capitol hill coming up. Redstones made their big move last week, the latest on viacom and the nearterm future of a company that could come down to a Court Decision in delaware. And big weekend for disney. Some Box Office Records and game seven as you know for the ages. First up though stocks rallying around the globe on hopes for an antibrexit vote on thursday. A new poll by survation says 45 remain, 42 leave, but if you take all the polls together, still about a dead heat. Earlier this morning on squawk, black rock on the markets as we count down to thursdays vote. I think youll see more fiscal policy stimulus. If thats the case i do believe well see more inflags because we still have 4. 7 to 5 unemployment. Going to create more job demand and more wage inflation. If we have these infrastructures spent here in the uk, othe ....
Partner. First up as we look at a relatively calm day in the markets, we have to look at yahoo . The Internet Business could be in a combination of microsoft and private equity firms. Discussions are in the preliminary stage with microsoft potentially providing some backing. I also want to give you a little bit of news this morning, because i spoke with some folks familiar with the sales process at yahoo . That was categorized as being in the militantiddle, of the first with first round bids not having come in yet. But according to the person familiar with the process, it is on schedule per the sales committee, and the level of interest, im told, is high. But, of course, anyone working with a company to try and drum up interest is going to say it is high. But certainly, that is going to be interesting to watch as investors say the sales process is not going quickly enough. But tim draper, i want to ask you about this microsoft ....