With u. P. S. The stock going to take a hit this morning after lowering their Fourth Quarter guide ax, a hangover from the Holiday Shipping fiasco. And shares of intel are sliding after Fourth Quarter earnings missed estimates and warning of flat revenues for the rest of this year. And speaking of earnings Morgan Stanley, General Electric, and amex making big moves today, well break them down with you. But first up, u. P. S. , the Package Delivery Company Expects Fourth Quarter earnings of 1. 25, well below forecasts. U. P. S. Said its been negatively impacted by higher costs driven by a surge of shipments during the Holiday Season. The company said it deployed 30,000 more temporary employees than it had planned for. Their peak delivery day volume up 7 1 2 from what they expected. As i just said on twitter, their models, jim, nowhere near on plan. I want everyone to go to u. P. S. Kicks off peak week they put out a press release. December 16th, 2013. Where they said, look, our peak day
Battle it out. This is piers morgan tonight. Good evening, big story tonight, celebrations in the middle east over the fragile peace, a ceasefire, the israeli president , netanyahu. We want the entire world to understand our people. And we can explain the faces, the pale faces of the leaders of the enemy, because they have failed in their attempt. I have toay that all of this was done with the firm support on the part of the leaders of the international community, and i would like especially to thank president barack obama for his unreserved support. Questions on both sides and around the world. How long can peace last . I want to go now to cnns arwa damon, is there a sense of the strength of the position in the last eight or nine days . Reporter there is, certainly if you look at the terms because there is a ceasefire agreement. At the very least it does state that israel must open the border crossings to facilitate the movement of people. We dont know what it will translate to at thi
Ground in gaza city, richard plight again is in ashkelon in israel, Jessica Yellin is live in cambodia where secretary clinton has departed heading for the middle east. We begin with christiane. Welcome. Give us a sense of this new announcement from israel. How long do you think israel is waiting to silt on this halt before it would move forward with sending Ground Troops in . Well, what was reported was that a senior Government Official in the loop close to the talks has confirmed to me this morning that after the latest intense round of conversations and meetings between Prime Minister netanyahu and his inner security cabinet, which went on into the Early Morning hours here jerusalem time, there has been a decision taken to hold on the ground offensive. To give time, he says, limited time to make the diplomatic solution work. That is their preferred option. However, he also adds that Israeli Military is prepared and continues to make its preparations in case, if and when, a decision
A truce or cease fire. Latest sign is a statement made by egyptian president Mohamed Morsi, according to state tv. He said that, quote, israeli gra aggression would end on tuesday. That, of course, is today. Thats consistent with similar statements weve heard from other officials late last night. We spoke with a senior egyptian official and he told us hes optimistic that in the next 24 hours there would be a cease fire. Hamas officials are being even more specific. Senior hamas official telling cnn that israel has agreed to the general terms but rejected the timing. Hamas conditions, according to an official, are this. Stop the air operation, air assaults and want the ground crossings, blockades to be opened up immediately. According to this hamas official israel is saying, okay, well stop the air operation but the ground crossings and blockade, we would like to do that gradually. That seems to be the Sticking Point right now. If you listen to egyptian and hamas officials, some optimis
What, 263. Wow. Down from 3 not long ago. All right, europe looked pretty good at least last time i checked. That continues to be the case. Largely green, of course. You had the nikkei up after the 4. 2 drop the day previous. Kind of going back around the world the other way as in positively at least so far. Lets get to our roadmap this morning and it starts with those markets which are preparing for as you saw a decline at the open after private Sector Employment data comes in below forecast. Also weighing on investors s p downgrades puerto ricos general obligation yesterday they go to junk level status. Merck misses by a penny due to patent expirations and ralph rawrn beat lauren beats. And twitter set to report its First Quarter as a Public Company after the bell today. And big news from cvs caremark announcing it will stop selling cigarettes and other Tobacco Products at its 7,600 stores by october 1st of this year. Whoa. That is an interesting story. Futures extending their losses