And were going to get more numbers today. Our roadmap begins with apple shares falling in the premarket after the Company Reported a drop in Quarterly Sales for the first time in 13 years. So what happens now . We got reports that comcast in talks to buy dreamworks animation. That has the stock soaring this morning. Well give you the latest. And twitter shares down about 15 after reporting revenue that misses estimates. Well hear what jack dorsey had to say about the quarter. First up, the miss for apple taking a toll on the stock, quarterly revenue down as iphone sales slide for the first time. For the Current Quarter heres what tim cook said on last nights earnings call. As we continue through the june quarter, id like to remind you that we measure the health of customer demand based on sell through. Despite ending q2 within our channel inventory targets in light of the macroeconomic environment, we plan to lower our channelin e venn toirs in the june quarter. This will impact report
You are a very clean conscious. Classy new york, thousands of people, no violence, but they disrupted traffic. Police said they were giving the protesters reading room. Protests overseas in hong kong. Prodemocracy and demonstrators. Police cleared a key protest site and detained key leaders. China refused to give in to. Rotester demand on the corporate front, a new valuation for uber. According to people familiar , they woulduation value uber up to 40 billion dollars. In toss to be a new investor. The action. Oil prices falling again today on the eve of a big meeting in vienna. The cartel time to decide whether to print whether to cut reduction. They believed opec will do what it takes to balance the market. For more on tomorrows meeting, i want to bring in the news from ryan. Some people who took part in the talks yesterday ahead of the meeting. ,he Largest Oil Company ceo what did he say and what were the talks exactly about . Yesterday, four countries got together. Of them from opec
Cfo will join us first on cnbc. Staples and office depot higher in the premarket, reports two in advanced merger talks. First up Oil Prices Rising sharply on expectation of decline and u. S. Drilling activity. Bp posted better than expected quarterly results. Bp ceo bob dudley spoke this morning. I think its going to take time. Could be a long time. There is excess supply. U. S. Productions still growing. We see about the rig counts what its growing. And chinese demand of course great. Growth in china is not as high as it was. So we have stock levels filling up all over the world, tanks filling up. Wont be long before people putting them in ships and that take is along time to work its way off. Is there a lot of oil news today. Thats just one data point. I love bob. Hes late here. Theres already been a dramatic increase in the number of financial players taking down tankers. If you look at nordic and american tanker they will tell you that is happening now. Whats interesting and bob du
National guardsmen patrolled the streets overnight. 200 best 45 arrests were made during the rioting. President obama criticized the rioters. There is no excuse for the kind of violence we saw yesterday. It is counterproductive. When individuals get crowbars and start prying open doors to loot they are not protesters. Betty in some neighborhoods, people turned out to start cleaning up broken glass and debris. The orioles game this afternoon at camden yards will go on as scheduled. No fans will be admitted as a safety precaution. Games scheduled this weekend in baltimore will be played in tampa instead. The death toll in nepal is now over 5000. The extent of damage still not fully known. Food and medicine finally started to reach the region where the quake was centered. Landslides cut off access to many remote villages. Hospitals are overwhelmed. The u. N. Says more than 2 Million People live in severely affected areas. The combatants in the samesex marriage debate face months of waitin
Could be the worst year in tescos history. Yanis varoufakis says greece and its creditors are narrowing their differences. A european official says the deadline for the reform to unlock funds is now in june. Welcome to countdown. Coming up, the concoction that could make you invincible. A former executive says the key behind brain function is butter in your coffee. That story later on the. Futures trader out of a suburban house has been arrested in london and charged in the u. S. With 22 criminal counts relating to the 2010 flash crash, which went 1 trillion from the u. S. Market on may 6, 2010. He is due to appear for an extradition hearing at westminster magistrate. We are outside his house in hounslow, good morning. What do we know about this man . Ryan we are learning quite a bit. He lived in this neighborhood, it would appear, with his family in west london just beneath the flight path to Londons Heathrow airport. He was presumably arrested around 12 30 yesterday. What we know is