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And whether a key compress of the economy is softening. A turn to apple, a company you probably never heard of is trying to beat apple in its game. The place china, the weapon a cheaper smart phone. That and more tonight on nightly Business Report for wednesday, august 14th. Good evening everyone. Cisco with earnings that top estimates and solid revenues but this quarter is worrying investors. John chambers is warning its revenue will be below wall street expectations and lay off 5 of its work force, thats about 4,000 people. Shares fell as much as 9 in after hours trading. Jon fortt joins us ...

Revolution. But for these internet devices, the highway its isself a itselfn infrasti it is a big problem. Charlie and we conclude with Catherine Deneuve and her new film, on my way. [ speaking french ]ni i must say that for the recent years, i have been very lucky with the people i have been working with, people have been wanting to work with me. Which is difficult for an actress to be, when youre over 30, not as muc as much in amerit to have an important part in a film. Charlie Masayoshi Son and Catherine Deneuve when we continue. Captioning sponsored by Rose Communications from our studios ...

Washington. Yes. Charlie what are you going revolution. To tell them about the wireless but for these internet devices, revolution . Well, i would say that mobile the highway its isself a itselfn internet, the internet highway is the most important infrastructure for the 21s infrasti it is a big problem. 21st century. Charlie and we conclude to me, it is so clear than any with Catherine Deneuve and her new film, on my way. [ speaking french ]ni other infrastructure thats more importantni for 21st century. However, the u. S. Is number 15 i must say that for the in thenr world. Outni of 16, numb...

Game. The place china, the weapon a cheaper smart phone. That and more tonight on nightly Business Report for wednesday, august 14th. Good evening everyone. Cisco with earnings that top estimates and solid revenues but this quarter is worrying investors. John chambers is warning its revenue will be below wall street expectations and lay off 5 of its work force, thats about 4,000 people. Shares fell as much as 9 in after hours trading. Jon fortt joins us from san jose, john . One of the things that John Chambers said on the call is that cisco is having fits reading the Economic Data and that su...

Reality. We realize the president won the election. Republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. They say in order to approve a higher debt limit, they want Senate Democrats to do something they have not done in four years, pass a budget. For us to have a debate about spending and debt weve got to have the focus be on a budget and what were going to do to achieve a balanced budget over time. Senate democrats view a vote as an opportunity to raise more money through taxes. Its going to be a great opportunity for us, because in our bud...