Mobile devices for apple in taiwan. Quarter. Bad julie hyman has been looking at the quarter for blackberry. Wherelike a zombie movie you know what is going to happen but it continues you are still scared. We were talking about this this morning, that you know it is going to be bad but yet somehow you are surprised just how bad it is. Lets talk about the various metrics we are looking at. When you look at the loss from continuing operations, worse than analysts anticipated. A big drop in revenue of more than 50 . That is worse than what analysts have been anticipating. If you look at the revenue recognized from smartphones the Company Sells a certain number of smartphones in the quarter, but some of them, even though they are delivered in the quarter, maybe they were ordered before. If you look at the revenue realized from the actual sales that were recognized in the quarter, we are looking at 1. 9 million smartphones. 3. 7 million smartphones was the prior quarter. Makersher smartphon
Tmi. We have breaking economic news. Ism, nonmanufacturing index, has just come in below economist estimates. Michael mckee has the headlines. We are looking for 54. 7. A run ofe had such good economic business. It is disappointing when you look at the numbers underneath the headline. We saw the new orders index fall below 50, which is roughly fit dividing line for expansion or roughly the dividing line for expansion or contraction. The Business Activity index did not move at all. Concern but ite is something to watch. The thing everybody wants to talk about is that jobs report on friday, the unemployment and dekes rises. There may be some good news in this report. We will have to wait five days to find out. Tmobile and Verizon Wireless are swapping airwaves in a deal announced earlier this morning. It may tmobile him more attractive takeover target. Cristina alesci joins us now. It is a wonderful day for bankers. Payinge is essentially 2. 4 billion for low band spectrum. It is a kind
Strong rally today. We punched through the previous high on the s p, as you mentioned, up 1850, and we continue to make gains. Bob pisani is with me. This is health care, energy and then some. Thats right. Its really across the board rally. People keep writing in, why are we up 200 points. The answer is theres no fundamental reason why we would be up 200 points. Its a technical rally. Put up the s p 500. We started hitting intraday historic highs on the dow right after the open about 9 45. 1848 was the old closing high. You got to 1850. You see the move jump up right after the open. Thats a technical move as we hit new highs, people started covering, volume picked up. You look at certain groups by the spdr, where a lot of activity is. Thats the way it is. Heres the midcap. Across the board, we are at new highs. Lets not quibble at a few points. Even the russell 2,000 just shy of a new high. I think 1182 is probably the closing high on the russell. Were close enough. You mentioned the s
Men, women and children. This concentration camp is in north korea, a country that is right now publicly celebrating the launch of a missile, a missile that has much of the media talking. After four successful failures, north korea shocked the world with this successful launch, with rockets powerful enough to reach our shores. These images showed people celebrating in north korea. Tonight, a u. S. Official tells cnn, there are early signs the koreans are not in total control of the device. But a north koreangovernment run tv, the news anchor was giddy with excitement. Keeping them honest. Pyongyang reportedly spent more than 1 billion on their Missile Program this year alone, money they could feed a lot of hungry, starving people in north korea. But while much of the world is talk about missiles tonight, there is a crime against humanity occurring in that country. A crime that receives very little attention. As i said, some 150,000 people are believed to be doing hard labor on the brin
You a place its so horrific, its hard to believe it exists. Its a modernday concentration camp. A network of prisons that houses men, women and children. This concentration camp is in north korea, a country that is right now publicly celebrating the launch of a missile, a missile that has much of the worlds media talking. After four successful failures, north korea shocked the world with this successful launch, with rockets powerful enough to reach our shores. Testing a longrange ballistic miss thatll could someday be capable of delivering a Nuclear Weapon across the pacific ocean. Nuclear warhead to the west coast of the United States. North korean tv show the images like these of people publicly celebrating in north korea. Tonight, a u. S. Official tells cnn, there are early signs the koreans are not in total control of the device. But a north korean governmentrun tv, the news anchor was giddy with excitement. Keeping them honest. Pyongyang reportedly spent more than 1 billion on the