Only on cbs this morning, the artist whos trying to reframe the civil r. Its wednesday, december 11th, 2019. Heres todays eye opener, your world in 90 seconds. Our officers were under fire for hours until finally the threat was annuitialized. Reporter a deadly gun battle unfolds in new jersey. This battle ended with six people dead. Officials believe this was a targeted attack. It was gun powder. Democrats announcing two articles of impeachment against President Trump, abuse of power and obstruction of congress. Here were no crimes theyre impeaching me, and there are no crimes attorney general william barr says he is not convinced by his own watchdogs review of the investigation into the Trump Campaigns ties to russia. I think that there were gross abuses. Democrats and republicans finally have a new trade agreement. Negotiators have signed a modified usmca. This trade agreement is much better than nafta. 50 million americans are in for weather whiplash as temperatures from mississippi
6 00 here are the results just reporting. 2. 53 a share. A penny above estimates. Just short of 27. 52 billion here are the keys for Guidance Company now expects sales to grow by 1. 8 the previous guidance was 2. 3 1. 8 versus 2. 3 comps are 3. 5 previous guidance was around 4 . Lets bring in senior analyst. So the Forward Guidance is below where it was previous . Yes quickly looking at these numbers, there was a sales miss in the quarter also lowering guidance for the rest of the fiscal year. Sales guidance Sales Guidance. Im not sure whether that is a total company or domestic. The street was around five that is a point and a half the street is a full point above where the company had guided the company had guided four. For the quarter ill look at the quarter first the street was around five for the year, the company had previously guided for four they missed roughly a point, point and a half in q 3. They are taking guidance down about 50 basis points. The real message here. It is a
Remains solid. Joining us for the hour is stephanie link what do you think the theme is here we started the day up almost triple digits on the day then loss were down triple digits now were somewhere in the middle crazy with earnings nonstop. The theme today is the shift right back to growth from value. Thanks to paypal, thanks to microsoft, thanks to service now, and value is under performing because i think its all about 3m and what they said. Weak china, weaken you a, to no green shoots after yesterday where caterpillar gave us some hope and boeing gave us hope today took it all back some commentary from the industrials so far, honeywell last week as well, some of the commentary has been a little bit better around china so i wonder how much of this you think is 3m specific and where their end markets are focused versus the broader sector especially in electronics i do think they have high variable costs at 3m so they have some Company Specific issues. They didnt take production down
And a rocket headed in the wrong direction. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim seymour, karen finerfinerman nathan, and mike khouw. We start off with breaking news, the vote in d. C. To vote Kevin Mccarthy out of the speakership. Emily has the latest. Yes, Kevin Mccarthy was ousted as speaker of the house. The house current lip has no speaker. That chair is vacant. There is an acting speaker, but theyre not someone who can actually move legislation, continue the work of the house, and continue the progress that congress is trying to make on a number of different bills. Now, mind you, a lot of republicans still support mccarthy, one of the congressmen came out and thought that he thought, at least 19d 0 republicans still back mccarthy for speaker. But the fact of the matter is, republicans had such a small majority that only eight republicans voting to ougs mccarthy were able to do it. I just spoke with congressman matt gaetz, he just
Not the way most people talk about it instead, youve got a market of stocks thats an important distinction, particularly in carmerica. Stocks are like snowflakes, no two are the same sure Everybody Loves index funds as a lowcost way to get ebbs posure to the whole asset class. Im one of them. I please guilty. Including today where the dow and s p both notched new alltime highs former fall of 119 points. S p gained 1. 5 . Nasdaq dipped 0. 19 as the rotation continues but i think the totality is a lot less illuminating than looking at individual companies and what actually drives them. For example, just last week, we did a twopart interview from the New York Stock Exchange with boeings Ceo Dennis Muilenberg where he told us that his company is having an extraordinary year maybe told us in seven or eight different ways its spewing cash and he made it pretty clear that this is the healthiest boeings ever been. So he wants to reward you, the shareholder. Sure enough today, boeing boosted it