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Are some companies, yes, some companies know if your twitter came out earlier. they were good. >> sandra: is not the actual earnings, right? it is like guidance. >> bill: the guidance is the key. and i guess one of the issues here, there are a lot of unknowns out there for some of these companies. but again, having said that, this is pure panic. we witnessed the market panic over the last three weeks, what it looks like. obviously, it is not pleasant, but maybe this is kind of the test of the market needed. >> companies make a lot of money, right? in the last quarter, there has been a record. ...

Market and job situation improving pretty much every day. andrew stevens, thank you for that. >> reporter: thanks, christine. china's financial markets and slowing economy is a huge cause of market panic. another contributor of oil prices making moves. they are bouncing back, but below $40 a barrel for the first time since 2009 in the middle of the global meltdown. supply is booming and slowing growth hits demand. i want to bring in john deflatriots. i want to ask you where oil prices are headed at this point. >> reporter: alison, i'm watching that index carefully. they leading indications f...

It set the target for 7% for this year. the last economic growth report at 6.8%. no one believes that anymore. at least economists. people who look more closely at china. they look at electricity consumption and rail traffic. they are coming up with different numbers. economic growth, 4%, 5%. that is a big, big gap. it is a given now that china puts out the information that shows it in a flattering light. it needs to be dissected and taken with a bucket of salt. you come up with a different scenario. the trend is in the same direction. >> a bucket of salt. thank you, andrew. and china, what ...

She said somebody killed her 18-year-old son in 2008. we're expecting that update from police coming up minutes from now. a full update tonight on fox report. cyprus may be close to a deal to keep the government afloat and help prevent a larger economic crisis that could rock the rest of the world, including the united states. that's what top cypriot lawmakers are aknownsing but one finances minister said attacks of bank deposits is clearly on the table. the nation's parliament rejected a bailout offer which included that tax. but the clock is ticking for the small island nation. europe's ce...

committed crimes against humanity. pope benedict xvi is visiting madrid, spain. the city expects a million or so people to attend. not everyone is happy to see the pontiff, however. some spaniards are protests over the cost to put on the event. those are the headlines from cnn, the world's news leader. i'm zain verjee and "world business today" starts now. good morning from cnn london. i'm nina dos santos. good afternoon from cnn hong kong. i'm andrew streechbs. you're watching "world business today." the top stories this friday, august 19th. many people are happy it is indeed ...