Our road map begins with the markets taking a dive overnight. Dow off triple digits as the stock moves overseas. Disappointing data weighs on equities in the u. S. Earnings from ge honeywell and American Express have those stocks moving as well as another round of job cuts from schlumberger. Verizon announcing its breaking up the cable bundle into smaller bundles. The new tv offer weve got to explain coming up. Futures moving lower. Taking their cue from declines in europe. Here in the states Consumer Prices up 0. 2 due to Higher Energy cost. The core rate up 0. 2. Few things working against the bulls. We mentioned that crackdown on margin lending, the back and forth between greece and germany continues. Few downgrades today. Several Revenue Misses on large caps, as well. Seems to be a number of things rattling traders, including what was a glitch in the bloomberg system overnight delayed a uk bond sale. Never good news when you have a bad behind what happened in china and worries over
The trading day here in the United States today and the gains we got, theyre not exactly anything to write home about, but its a welcome reprieve from the run of triple digit losses that weve been suffering through. Its a cycle. So last night asia was still responding to what we did yesterday. Now were beginning a new cycle today. At least thats how it looks right now because take a look across markets. The Dow Jones Industrial average adding 85 points, about a half a percent. Interesting to see the s p up about 15 points to 1757, and the nasdaq back above 4,000 after closing below that level yesterday. Its now up 42 points, 4039, adding 1 today. And, you know, bill, you have to say, if you look at whats happening with, folk, the tenyear Interest Rate, some headwinds weve seen in currency, not a bad way to kick off this session. Lets talk about it as we go toward the close of trading on this tuesday. Is the worst over or are todays green arrows just a speed bump before we continue the
Sab miller does see solid growth in africa. Youre watching Worldwide Exchange, bringing you Business News from around the globe. All right. A warm welcome to todays edition of Worldwide Exchange. Well the markets had it right all along. Crisis has been averted on capitol hill. And now the senate and house voting to pass the deal nearly at the 11th hour to raise the debt ceiling and reopen the government for now. President obama signed the bill shortly after midnight. Steve handelsman wraps it all up from washington. Good evening, everybody. I want to thank the leadership for coming together and getting this done. Hopefully next time it wont be in the 11th hour. Hopefully next time it wont be be and raised the debt ceiling through february 7th but america came close to default. This was pain infliktd on a nation for no good reason. Reporter the plan easily passed the senate. The motion is adopted. Reporter and the house, where most republicans voted no and the tea party vowed to keep ta
Futures meantime okay. 10year yields not moving a whole lot and may not until we get the fed statement tomorrow. Our road map begins with apple, profit and revenue did beat the street last night but margins are below expectations. Sears has considered breaking off its lands end and sears auto businesses. Facebook looking for the social marketing revolution. And nbc reporting the Obama Administration knew millions would not be able to keep their Health Insurance under the new Affordable Care act. First up, though, apple did beat the street last night with its fiscal Fourth Quarter numbers. Profits fell, growth margins slid among heightened competition, despite the sale of 40 million iphones for the quarter. They see revenues 55 billion to 55 billion. Heres what ceo tim cook had to say last night on apples conference call. If terms of supply, into the quarter with a very significant backlog. However, our supply is building each week. In terms of the retina or the ipad mini where the resi
Election day. And plus japan records its sharpest export since last years devastating earthquake. Raising fears the worlds third biggest economy could be slipping back into recession. Its the start of another week here on on worldwide exchange. Kelly is state side helping to host squawk on the street. P meanwhile plenty to come still on todays show. Here in london, protesters have been marching against austerity. One of our reporters was there. Demonstrators took out their anger on multinational companies. In new york, wall street a underwhelmed as Corporate Giants like ge, part owner of this station, had cautious revenues. Well pibd out if cat pill what are and yahoo will buck the trend or affirm it pnd and obama and romney squaring off, who is likely to deliver the knockout below. We start out with the focus squarely on earnings. Fill whips beat expectations. The firm which traditionally kicks off Third Quarter earnings season said its on track with its cost savings plan. Ceo says th