Uncertainties weve been telling you about, including great britains vote next week whether to leave the European Union and the federal reserves forecast of slow Economic Growth. The Dow Jones Industrial average capped this rocky week with a decline of 57 points finishing at 17,675. Nasdaq dropped 44. And the s p 500 fell 6. For the week, all of the major indexes lost more than 1 . And concerns over slow growth may not bode well for one of the most critical forces in investing, corporate profits. Forget the fed. Set aside the vote on britain leaving the European Union. In the long run, and probably the short run too, what matters most to stock prices is, yes corporate profits. The mothers milk of moneymaking. And the profit outlook, weak all year long, is getting worse. Fact set says u. S. Corporate profits will likely fall more than 5 this quarter. S p Global Market intelligence thinks theyll slide 4. 7 . If profits do decline this quarter, and theres only two weeks left to go, it will
Uncertainties weve been telling you about, including great britains vote next week whether to leave the European Union and the federal reserves forecast of slow Economic Growth. The Dow Jones Industrial average capped this rocky week with a decline of 57 points finishing at 17,675. Nasdaq dropped 44. And the s p 500 fell 6. For the week, all of the major indexes lost more than 1 . And concerns over slow growth may not bode well for one of the most critical forces in investing, corporate profits. Forget the fed. Set aside the vote on britain leaving the European Union. In the long run, and probably the short run too, what matters most to stock prices is, yes corporate profits. The mothers milk of moneymaking. And the profit outlook, weak all year long, is getting worse. Fact set says u. S. Corporate profits will likely fall more than 5 this quarter. S p Global Market intelligence thinks theyll slide 4. 7 . If profits do decline this quarter, and theres only two weeks left to go, it will
Go thats it today and its going to be very similar to what we have had the past several days in terms of the fact this wont be there wont be a ton of sun shine and scattered showers. Sunshine and scattered showers. We are cool out the door. 48 in wedford bedford because we have had partial clearing that took place in a couple spots overnight. 58 in boston right now and most of us 55 to 60 from the south shore to cape cod. Clouds are in police right now. Even where we have had breaks the clouds will fill and theres a band of rain just south of nantucket that will continue northward progress and clip nantucket in parts of the mid and outer cape between now and mid morning. Additional rain to the west is going to stay to the west for now so in between there will be scattered showers that develop today. So have the umbrella on stand by. Plent a chance of a shower on through a chance of a shower through midday and mid to upper 50s with scattered showers. Most numerous heading into the detai
Out there. You want to finish that thought . Its like a teasy question that gets people going. Its a delightful interview. Former ceo sandy weill and his wife, joan making an 85 million to neuro Science Research at the university of california, san francisco. It is the schools largest donation ever. As you can imagine. We look forward to talking to them, talk about that and get sandys take on the current state of a financials, all of that coming up a little bit here. Its an earnings palooza. Earnings from apple and twitter that are due out after the bell tonight. Josh, what are the key numbers to watch for tonight on apple . Well, bill, you cant help investors feeling cautious here given what wall street think apple is going to report. Theyre looking for apple to report eps of 2. That would be on revenue of 52 billion. A drop of 10 on the top line. Also looking for 15 million iphones. That would be an 18 decline. And we know thats important due to tough comps in q 2 last year, apple sh
Important topics. That is coming up in october. We have a giant delegation, both government and civil society, planning to go. If youre interested, youre all invited. Certainly lots of topics important to us will be discussed. So back to open data and the United States. I mentioned that in 2013, president obama issued an open order eo, executive order, for default information. Accompanying that was the open data policy, which we refer to as m1313 for you government nerds in the room. That directs agencies to manage information as an asset. And of course that doesnt happen overnight, right . For the last two years we have been working really hard with our agencies to move towards managing information as an asset. So i mentioned data. Gov. There is a screen shot of the data. Gov home page. 160,000 data sets across all sectors. The data. Gov site has incredible resources and is fantastic if you havent spent much time there. Another effort that we that the administration launched into quic