Reuters - Video

Edition: US | UK | IN | CN | JP

Video

U.S. Day Ahead: Brace yourself for more earnings fallout

Wednesday, October 24, 2012 - 02:34

Oct 23 - Investors could see some more disappointing numbers on Wednesday with almost 10% of the S&P 500 slated to report results.

▲ Hide Transcript

View Transcript

Not even a brand new iPad could stop the markets tumbling on Tuesday the Dow had its worst day in four months. Stock investors with -- results. And we could see more of the same on Wednesday with almost 10% of the S&P 500 reporting. Big names include Boeing Lockheed Martin Bristol-Myers Squibb NASDAQ and AT&T. Which are sad to see their profits shrink from last year so far it's been the second worst quarter for revenue in history. And -- really insights and number of companies issuing negative guidance is the worst on record. With all these concerns expect investors to focus on what Ben Bernanke have to say when the Fed releases its latest policy decision the big question how much and for how Long Will the bad buy bonds to break down the cost of borrowing. According to the latest Reuters -- economists say it will probably spend 600 billion dollars and stop the program and unemployment falls to 7%. And that seven point 8% right now. And expect more signs of slowdown in manufacturing when the market flash PMI comes out. Our friend that I have our say it will drop to just below 51. Means manufacturing is growing at a much slower rate than previously seen. Don't expect much improvement until the metal 2013. And ex Goldman Sachs director ragtag group hill Thomas times he's Manning behind bars for insider trading when -- and in a Manhattan court. You -- -- found guilty in June of leaking Goldman's secret to his hedge fund friend Roger rajaratnam. Against whom he testified. Prosecutors are demanding up to ten years for his quote shocking crime. Who does lawyers that he should do community service instead apparently that includes working and we wanted to help fight HIV aids and malaria and ruled districts. According to the Wall Street Journal Bill Gates and -- an on both wrote to the judge in supports. And who -- Keep your eye on base but it shot up 10% in after hours following its results. You smashing expectations rising by over 30%. To about one point three billion dollars. And they would insider -- TV for more on the big market movers Wednesday it will have an interview with top economists. And Nobel Prize winner Joseph Stiglitz he says when it costs fixing things US president Barack Obama hasn't done enough and governor Romney has no. You like. I'm putting mom yeah. -- -- --

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

U.S. Day Ahead: Brace yourself for more earnings fallout

Wednesday, October 24, 2012 - 02:34