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The road map begins with ibm, sales falling for the 13th straight quarter. Ibm not the only stock were reporting on this busy weeks this week. Mixed quarters for vz and united technologies. And facebook the company overtaking overtaking General Electric in market value. Ibm, sales down. Adjusted earnings did beat but the performance of the traditional and software dragging. Earnings hurt by the strong dollar. And they expected a slightly stronger currency impact. The cfo is calling the results a reflection of where we see longterm value in i. T. This will take some time. I think one of the things that happened that was wrong were ibm was that the stock ran in anticipation this would somehow be a breakout quarter. The cf so great. He made it clear it wasnt going to be a great quarter. I kept thinking what about what he said made him feel like this was the one. Software was not as long as id like. Backlog did grow. There were prob ....
Business insider here. Market down about 51 points. Of course we are watching reaction to the debate last night. That showdown off the strip in las vegas as donald trump and Hillary Clinton took part in the third and final debate covering everything from the economy to cybersecurity. I personally believe that the steps that president obama took saved the economy. He doesnt get the credit he deserves. So what i am proposing is that we invest from the middle out and the ground up, not the top down. Shes been doing this for 30 years. Why the hell didnt you do it over the last 15, 20 years . The one thing you have over me is experience, but its bad experience. No idea whether its russia, china, or anybody else. I am not kwquoting myself. You have no idea. I am quoting 17 do you doubt 17 military our country has no idea. Are you saying youre not prepared now to stick to that prince snl. I will tell you at the time. Ill keep you in sus ....
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Pretty tight supply. Weeble have fabers inclusive interview, and another upgrade for netflix, this time its ubs. Were going to walk you through that call. First up apple preorders are surging. They received almost 1 million orders on friday according to slice intelligence. No comment on they numbers from a third party. This took one day. Look basically a sight unseen fabulous ads, and i think what this says is long run, because if theres a million early adopters without even people just figuring how to sync, i would say this is not a 2016 phenomenon. By that time everyone will know you have to have this as a device. You know what . People under 25 carl theyve never had this device. Suddenly theyre going to wear it because its part of their ecosystem. Those of us older who have a watch, were trying to figure it out. Younger people have figured it out. They need it. Piper jaffray, everyone is trying to do their work. B of a is a little higher than that. Even if they sell eighth year is a ....
2. 61 . As we do every morning, lets take a look at europe and see how those markets are already fairing. Largely, a good deal of red on the board. The percentage declines, well, not too great. Although, a couple there around the 1 mark as you see it there. Lets start with our road map this morning. It starts with day seven of the Government Shutdown. The markets may have been unphased by the shutdown but the possibility of a breach of americas debt ceiling, that is probably the reason you saw the futures deeply in the red. Then, apple getting positive notes from several firms. Jeffreys upgreats the stock and increases its price target to 600. They say the 5s is number one at all u. S. Carriers. Home builders getting hid this morning. Goldman downgrades Toll Brothers saying they dont need to be kro concentrated at the highend of the spectrum. Shares of cooper are going to ....