American express reports earnings after the bell, but critics say perks are not what they used to be and it is weighing on the dao component. We have a debate on it. How much the credit card craze is happening amongst millennials. Intense, yes. Thats ahead. We begin with ibms fall after reporting its 20th consecutive quarter of year on year revenue decline. The company cfo discussed that when we spoke to him after those results. That 20 quarter headline is probably not the framing that were thinking about. Were thinking about how do we continue to move the business and our clients to get to growth. Now, the portfolio, the portfolio will grow. I am confident that the ibm company will grow again, but it is taking you know, were taking time. Our baub pisani over by the trading post with more. It is weighing on the market today, bob . Great. Good to see you. Theres a new risk to the market and thats earnings risk. We havent had it before. Let me show you ibm. They normally do four million
Later, bill orilely is officially out at fox. First, the crude plush oil having its worst day, settling down nearly 4 . Gas inventories in the u. S. Jumped for the first time in two months, sparking demand worries. Energy stocks by far and away the worst performance sector, following the commodity lower. When crude turned lower, the markets went along with this. Lets put this in context. You stalled tax agenda, falling oil. Its a bad earnings reaction. In fact, ibm the worst performer on the dow, on its earnings today. So the perfect storm brooi brewing for stocks. Steve, what do you say . When you look at crude, you look at the prism of the 50 mark. The stocks, the actual commodity. But i have been negative on krudz and crude stocks, feeling at the saudi aramco potential ipo has been a real setup. Its the biggest head fake for me. Because every analyst, every buy side is looking to get a piece of it. Every sell side is looking to buy into that event. Its setting up literally for a per
Exchange, joining me today is kayla tausche. Coming to you live from washington, d. C. Where the world bank and imf are holding their spring meetings. Wilfred frost is on the ground in paris ahead of the French Election this weekend. Well get to him in a bit. Its nice to have you. Obviously weve chosen our music play list accordingly. Its nice to have you in my new city. Its Throwback Thursday, which is why you may recognize this song from several years ago. A special girl power edition of Worldwide Exchange. Throwing back to a few months ago when we worked in the same city. I will quiz you on washington in a moment. First, lets get to the Global Market picture. As for u. S. Futures, after a more than triple digit slide for the dow yesterday, down 117, ibm accounted for 57 of those down points as we continue to watch earnings. Things look firmer this morning. Dow futures up 36 1 2 points. S p up 5. Nasdaq up 16. Well get to amex earnings in a bit. Better than expected. Signs of life fr
He was here when you were out one day. Andrew was out. Antimatter and matter together. Were both gentlemen. Okay. After another down day yesterday, its been five out of six down sessions for the dow and the s p 500, it looks like things are turning around in the early hours. Right now dow futures are indicated up by 43 points. S p would open up, so would the nasdaq. Overnight in asia, the nikkei ended flat. The hang seng was up by 1 . Shanghai was flat as well. In europe, as france prepares for elections, the cac is higher by 1 today. The dax is up as well. Ftse slightly lower. If you check out crude oil prices, this was the big story yesterday. After a slide of 4 yesterday, things are picking up this morning. You can see wti up to 50. 79 a barrel. American express posting better than expected q1 profit. The positive results helped in higher spending by card members i feel like our family helped them there. Amexs guidance indicating it was starting to mitigate some impact of losing key
Several years ago, a Police Report in the bronx was whited out. He would this was a race from the report and the Police Report was given to an attorney representing a man on trial for murder. This week, that man was released. The District Attorney released realized he did not receive a fair trial. He lost six years of his life. Amy and then to the streets of berkeley, california, where a fight broke out this weekend between White Nationalist Trump Supporters and antifascist supporter protesters. People were arrested. We will get the latest. All that and more, coming up. Welcome to democracy now , democracynow. Org, the war and peace report. Im amy goodman. U. S. Defense secretary james mattis arrived in saudi arabia tuesday for the first stop on his weeklong trip to the middle east and north africa. Speaking on the plane to reporters, mattis hailed the u. S. Saudi arabia relationship. Way to firstour stop is saudi arabia. As you know, this is a nation that has been a key security i sin