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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 ...

Two storms merging together. Now that storm system is ramping up offshore. Its going to send a huge wall of snow into new england. Well have much more on the storm, straight ahead. Well, this storm may not dump a ton of snow on our area, hopefully but people in cecil and harford counties are going to get the worst of it. What does it like like right now, christian . Reporter the worst of it is just rain right now. You can see the roads are really wet. The rain just starting kicking up here. Fortunately, as you heard wyatt mention, the temperature has stayed above freezing. So were not dealing ...

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...

Destroyed the militanmilitantss and equipment and 16 isis fightsers have bef ers b killed. Reporter one day after the military unleashed its first air strike against isis militants in northern iraq, president obama spoke to the nation. So far these strikes have successfully destroyed arms and equipment that isil terrorists could have used. Reporter bringing humanitarian aid to tens of thousands ofrefugees. They have delivered thousands of meals and gallons of water to the desperate men, women and children. Krrt critics say these efforts may not be enough to beat back isis fighters who have ove...

From cbs news and former judges Thomas B Griffith and michael love it. [applause] we are your dinner entertainment. Please continue eating dinner and lets all get around of applause to david not only for his speech but for a prettyamazing surf and turf. [applause] this is definitely not all rubber chicken circuit dinner so well done. One other thing. My first job for pay was as a dishwasher so i want to do this. Around of applause to the waitstaff. [applause] okay, im major garris chief washington correspondent and i am happy to be with all of you. Im distinguished to be in the presence of the...