U.S. Morning Call: Stocks futures down on Obama re-election
Wednesday, November 07, 2012 - 03:08
Nov 7 - U.S. stock futures edging lower today as President Obama is re-elected for a second term
▲ Hide Transcript
▶ View Transcript
I heard your motor mouth. I have listened to you. I have learned from you. And -- maybe a better president. And -- your stories. And your struggles. I returned to the White House more determined. And more inspired than -- about the. You we're just closing to the man who will be leading the United States for the next four years. President Barack Obama. Let's kick off here Wednesday morning called by recapping last night. The market -- -- certainty and they got it it was a close race but the outcome was much clear after Ronnie -- Ohio. Many analysts are qualifying results pretty much status quo. Republicans still controlled house and Democrats say. But both parties now face that this clip together. And President Obama has some housekeeping to attend knew he needs to name in Treasury Secretary with Tim Geithner on his way out. A few contenders for the job Larry Fink founder and chief executive of black rock and leading -- at FaceBook CEO Sheryl Sandberg. While the market got what it wanted a president it repeats its post 2008 election pattern US stock futures are sharply this morning. European stocks were up earlier but down now on unrest in Greece. -- for Asia analyst there welcoming outcome as well. In the Solomon -- that they too would feel the reelection of Erica bomber is good news that China. Chinese people have always been willing to deal with people and they are familiar with. That would also be able continuity in terms of government policy. I think that's overruled his reelection is very good news for China. Let's change course and talk earnings. CBS reports quarterly results today analysts looking to learn more about the leading networks add numbers. -- said to report results before the bell the retailer has already raised its sales forecast for the holiday season. And the video game giant Activision Blizzard expected to report strong third quarter earnings. While World of Warcraft franchise had -- rapidly losing subscribers. Analysts now expect strong digital sales driven by the September release of a new version. Ever since stocks to watch take a look at Goldman Sachs this morning the Wall Street Journal reporting that more than thirty executives. Including CEO Lloyd Blankfein recently cashed in stock options awarded after the company's IPO in 1999. Pocketing 21 point eight million dollars. Also check out McGraw-Hill a source told Reuters Apollo global management is an exclusive talks to by the educational publishing unit of McGraw-Hill. And may beat out -- -- learning and Bain Capital. That's it -- -- Wednesday morning call for more news follow us on Twitter at Reuters Insider in check out a Reuters YouTube channel. At Reuters dot com slash Reuters TV I'm Lisa Bernard is his writers.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code