systems, bringing it a new chief executive. a month ago, didi received $1 billion investment in apple, now $600 million. investors are waiting on the fed, the boj, the bank of england. taiwana, singapore, and start off their trading week. it is a central bank waiting game this week. a bit ofeing quite trepidation ahead of those key policy meetings. malaysia, singapore, and taiwan joining in the selling. we are still seeing significant weakness from korea, japan, and new zealand. australia closed for the queen s birthday holiday. is leading the losses in the region. now at one-month lows. all of this trepidation has seen a big surge in the, so stocks under pressure, weakness and commodity prices weighing on materials and energy players. out of the 225 stocks on that index, only two are in the black this morning. korea down by 1.5%, and new zealand off by .5%. futures are suggesting weakness from china and hong kong when they open at the bottom of the hour. a big week, chan
quarterly results missed estimates and said compensating victims for defective ignitions will cost at least $440 million. matt miller joins me along with chuck stevens. matt, take away. thank you. about the costsk you have set aside or the cost you pay for the actual recalls. it was $1.3 billion in the first quarter, $1.2 billion in the second quarter, and a lot of analysts do not seem to have accounted for that in their forecast. why do you think that is, and how much do you think it is going to be going forward? before i get into questions specifically arm the recall, if i could talk about overall performance, i think it is an important message to get out. we continue to have strong twolts, especially in our key markets, north america and china. recallexclude the campaigns, earnings on a year-over-year basis were up 20% with margins of about 9.2%. 14%hina, earnings were up year-over-year with margins of 10%. specifically to north america, despite the challenges related
the world s largest on-time rate online retailer, known for operating on razor thin margin, saw more than double what was expected. the news is wearing on investors and the stock is down 10% in premarket trading. i want to bring in the head of north american research. also joining us is jason, an analyst at oppenheimer. why do investors seem to care now? we ve known they want to operate at a loss? this is the second quarter in a row where the stock has reacted negatively to quarterly earnings. theirors on the margin patience is wearing thin with the investment at all costs and topline growth at all costs, at the expense of profit. it is an issue that management is starting to think about. they are starting to play hardball with some of their suppliers, for example on the media side, with hachette. they want tothat, they don t want to raise prices. the ceo cfo made no bones about it. they will continue their investment in the company. they feel extremely bullish lo
getting reports on home sales. andrew, good morning. all the way down at the stock exchange. facebook shares getting a boost hitting record highs. the social times beating the street. the company says it saw an increase for both advertiseres and users during the second quarter. we ll have more from analyst dean munser. second quarter results fell a bit short. cheaper service plans offered to customers without subsidized cell phone cut into margins. we re going to talk to an at&t analyst in the next half an hour about that. there could be a bit of good news in there, too. qualcomm beat estimates on the top and bottom line. the current quarter profit forecast came in below estimates. in unrelated news on the company, a chinese state run newspaper reports china apps s anti-trust regulators report qualcomm has a monopoly. also, gilliad, take a look at this, posting better-than-expected earnings in revenue after the close. the company says its new hepatitis c drug has sales of $
we ll have them first with the best analysis you can find. that all starts after the bell. then after that in exactly two hours, president obama s exclusive interview with our steve leisman will air in its entirety right here on cnbc. steve will join us on the show beforehand to tell us some of the highlights. we do know the president wants to talk about tax inversions, letting it be known he will support legislation to stop companies reincorporated overseas to escape the 25% tax rate here in the u.s. we ll have much more as the president and steve leisman get into it over the economy. melissa lee and i will anchor a 5:00 special on that coming up. it is a bill sandwich tonight. lucky you. also it would be big ceo interviews just ahead. dunkin brands disappointed today. jetblue s dave barger will be here. you ll hear from both of these ceos on today s closing bell. an hour to go and the do you jones industrial average down again today to the tune of about 21