Those shares are sinking as well the governments Small Business Lending Program ramping up with more than 200 billion in loan processed as companies wats it get paid out well tuk the ceo of presman auto who has already received his money. One of the fortunate ones lets kick it off with bob who has a closer look of what to expect from this quite unusual earning season very unusual. One for the record books well be starting tomorrow with jpmorgan and wells fargo they are trading down. Thats not surprising. The banks tend to trade to the down side. The Regional Bank vs been week with the rally that are 30 where they were at the end of february what are we expecting from earnings season overall. Its a real mish mosh. Clue lessness. The range of estimates on these companies from q1 and q2 from high to low is enormous. That means people dont have any idea of what will go on. Theres a number of company, almost 100 at this point that have withdrawn guidance recently its very hard to figure out
Europe doing okay. The greek tenure yield is down and the market up for the fourth straight session. Dow components ibm and alcoa. Ibm downgraded today by goldman. Kicks off earnings season with a beat. B n ceo resigning. The latest on the Asiana Airline crash in San Francisco as investigators try to piece together what happened in the cockpit. A live report from the scene. First up, shares of ibm falling in the premarket, downgraded by goldman to neutral from buy saying it sees pressure on the Growth Markets and Revenue Streams. Interesting note, guys, they say the whole reason to add ibm to the buy list back in august of 2011 was some of these higher Revenue Streams to sort of smooth out the cycle over time. They think thats now coming in to what theyre calling a challenging period. And say that the quarter will bring more volatility than investigators are accustomed to. Hasnt really paid off for goldman as a bet since adding it to the buy. Ibm up 16 . S p up 39 . Wow. See if that se
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