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Loss overall to the quarter. The stock is trading higher in the market, up over 1 as you can see there. Heart,me karen it will who covers g4s. Ge for us. So it comes back to power. Margin, 2. 8h a 3 percent, which was totally surprising. Sales were down 15 , really bad. Voters are down 25 , so this will continue. The order of magnitude is worse in terms of profitability. David when you we knew they were struggling with power. Is this worse than what the market expected . , 6 operatingy 5 margin was expected and we got 2. 8 , so not awful, but not going in the right direction. And that is the big ugly, nobody knows how bad it is going to get, and it is the biggest business for ge. So what does this tell us about plans going forward, spinning things off, consolidating . Does this bad performance point in a new direction . Karen i think they have already laid off 18 of the people. They will need to do more on the cost cut side there. Were worried about a goodwill writeoff. I do not think ....
Slightly higher. At the low, down more than 100 points. All on pace for the worst day of the year. That is only true for the tech heavy nasdaq. Really weighing on the nasdaq, the Philadelphia Semiconductor index down 2. 4 . Still on pace for his worst day since december 4 of last year. Lets dig into one stock weighing them all down. Apple down 1. 6 . Its worst day of the year. This appears to have to do it to death and analysts. Jpmorgan is cutting the estimate, Sales Estimates for 2018. That is based on deteriorating iphone demand. We also have bernstein saying the iphone estimates for the march quarter, the street is looking at it right now, and it may be too high. It is interesting to see when the Company Reports what does come up. Broadcom trading lower in 70. Lets look at some of the homebuilders. We h ....
That is prosperous, open to the world, but capable of recognizing and standing alongside those who have been forgotten and left behind by global initiatives. Mark he also conceded that the main challenge is to help prove that globalization is more fair to middle and working class families. Puerto rico, bracing for a wave of home foreclosures. Hundreds of thousands were granted a threemonth stay following hurricane maria. The majority of those expire this month. Officials say that many residents cannot hate what they oh. More than 30 of the island still does not have power. Global news, 24 hours a day, powered by 2700 journalists and analysts in over 120 countries. Im mark crumpton, this is bloomberg. Julie live from new york, im julie hyman. Scarlet im scarlet fu. Joe and im joe weisenthal. Julie assets are posting is the biggest decline in the major averages. Joe but the question is, whatd you miss . Scarlet Steve Mnuchins endors ....
The immigration ruling. Were expecting video any moment. President leaving the white house, taking America First but not alone message to the world stage at the Economic Forum in davos. More what we can expect from this key trip abroad. Ford Motor Company out with Quarterly Results in moments, on the heels of disappointing guidance last month. Are we in for a big surprise . We have numbers as soon as they come out. Ford cfo bob shanks will break it down for us. Joining us texas ag ken paxton, judge andrew napolitano, New York Post columnist Michael Goodwin, the hill editorinchief bob cusack. Melissa that is a good show. Im looking forward to it. Back to t ....
Data and they have a different much smaller number. Stephanie say it aint so, mr. Trump. Time to give you the top stories 32 big drugmakers reported earnings. Pfizer posted secondquarter revenue and profit that beat analyst estimates. Sales of its new cancer drug rose. Meanwhile, mercks secondquarter profit fell. Merck also raised its profit forecast for the year. The profits surge in the second quarter. At ford. Earning has rose 44 beating estimates. The reason, the demands for the numa aluminum bodied f150 pickup. Discounts on the truck after sales fell last month. The sales account for 90 of 40s profit. Ford said it will be september before the fully stocked. Matt i like the idea and i will get you one third you deserve one. President obama is wrapping up his five day trip to africa. Today in ethiopia, he warned African Leaders that the continents economic progress rests on a fragile foundation. He said something must be done ....