France and italy are positive. The dax in germany lower by a fraction of 1 . In asia, major markets are mixed at this hour among the headlines out of the region. Growth in Chinese Services sector slipping to a sixmonth low in july. The nonmanufacturing pmi showed new orders rose at the weakest rate in at least a year. Brian, the nikkei is down slightly but the rest of the major averages across asia are slightly higher. Kayla, thank you very much. Folks do think its a slow summer week. You better think again because another big round of earnings are coming your way. Among the Companies Set to post numbers this week, aig, disney, time warner, aol, fox, cbs, wendys and hundreds more. The wall street journal reporting overall revenue in s p 500 companies seat to rise 4. 3 from last years second quarter. And that, folks, marks the fastest growth since the Fourth Quarter of 2013. The article also notes other companies that have already reported their earnings. Twothirds have beat the sales t
Cisco beat expectations. John chambers did talk to cramer last night. Jc penney narrowing losses but the news not great for kohls. Shake shack beating expectations with a nice profit. Cisco revenue coming in at 12. 1 billion 5 year offer year. Here is what John Chambers told jim last night on mad money. Our company is the most excessive position ever. We moved from selling boxes to outcomes. Youre digitizing every Company Every country. You change or disrupt or get left behind. Cisco is the lead player. You saw that in our quarter and balance and the Public Sector business was up 6 to 7 . So was our commercial and enterprise. Youll see sus change that. Routers up 6, switchers up 4. He came out swinging a way ive never seen him including an analyst who doubted the term. He shot down competitors saying there is disarray in the industry. This guy is disrupting the disruptors. He says hp alcatel, lucent, all which were considered to be competitive have been left behind. Robins is getting a
Market was quiet. Intel tops revenue estimates and reports a slight profit increase. The chip maker notes a shift from people using pcs to tablets and smartphones. President obama releases nsa reforms today. It could have a huge effect on phone companies that store caller records. The Senate Passes a 1 trillion dollar spending bill that will keep the goverment funded through september. Washington the president is expected to sign before saturday. And, millionaires on the move. A new study shows the states of florida and nevada lost the most millionaires in 2013 while north dakota was the biggest gainer. In trader talk this morning, we are tapping into the trader mind of todd colvin of rj obrien. Good morning and what are you doing with your money . Good morning. I think a couple thingsi think equities are still a safe place to be. If you didnt get in in 2013 waiting for a pullback, youre kicking yourself so i think a modest percentage of anyones portfolio should be in equities in the u
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
Just two days. 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 w