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TheStreet TV

Summary: Financial news and analysis from TheStreet

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 Closing Bell: Bristol-Myers Squibb Leads Healthcare; U.S. Stocks Slide as Defensive Names Slip | File Type: | Duration: 01:05

Stock losses escalated in the final hour as an increase in Treasury yields hit defensive names in the utilities and materials sectors. Bond prices fell on diminished hopes of further monetary stimulus from some of the world's largest central banks. Bristol-Myers Squibb led the healthcare sector after laying out plans to reorganize, including redirecting spending toward key brands. The drugmaker also topped third-quarter earnings and increased its full-year outlook. CenturyLink spiked on reports it is in advanced talks to merge with Level 3 Communications . A deal could be announced in weeks. Anadarko climbed on reports Sanchez and Blackstone could team up to purchase its South Texas assets. A deal could value the assets between $3 billion and $3.5 billion.

 Midday Report: Strong Demand Boosts Pending Home Sales; U.S. Stocks Fluctuate | File Type: | Duration: 01:11

Stocks fluctuated as a post-earnings rally in Twitter shares faded. Defensive stocks in the utilities and basic materials sectors were also a drag following an increase in 10-year Treasury yields. Strong demand in the U.S. housing sector boosted pending home sales to a higher level than expected in September. Activity in the Western and Southern markets boosted the bulk of growth last month. Potash reported double digit percentage declines in profit and sales over its recent quarter as the price of fertilizer nutrients continued to decline. Net income fell 71%, while sales dropped 26%. Groupon agreed to purchase LivingSocial, one of its big competitors in the online discounts market. Groupon did not disclose the price it paid, but said the cost was not material. The purchase is expected to add 1 million active customers.

 Stocks Rise as Twitter Beats Estimates; Qualcomm to Purchase NXP Semiconductors | File Type: | Duration: 01:44

U.S. stocks inched higher on the heels of better-than-expected earnings reports. Twitter shares were in focus after the social media platform posted third quarter adjusted per share earnings of $0.13, topping estimates of $0.09. Revenue of $616 million eclipsed forecasts of $606 million. Twitter is also set to trim 9% of its staff. Deutsche Bank posted an unexpected quarterly profit of 278 million euros, while analysts were expecting a loss of 610 million euros. The company also raised its litigation reserves to 5.9 billion euros, compared to 5.5 billion euros in its previous quarter. The bank faces a $14 billion settlement from the U.S. Department of Justice stemming from toxic mortgage securities it sold prior to the financial crisis. Ford shares moved lower after third quarter profit slumped 50% year-over-year as costs swelled amid a door latch recall. Adjusted per share earnings of $0.26 topped estimates of $0.20. Revenue of $35.9 billion eclipsed estimates of $33.8 billion. Plus, chipmaker Qualcomm has agreed to acquire NXP Semiconductors for $110 a share or $47 billion, which includes debt. Shares of both companies rose following the news. NXP is a holding of Jim Cramer's charitable trust, Action Alerts PLUS. TheStreet's Scott Gamm reports from Wall Street.

 Closing Bell: Garmin Beats on Wearables Strength; Boeing Drives Dow to Gains | File Type: | Duration: 01:10

Stocks ended mixed after crude slumped to three-week lows as hopes of an OPEC deal faded. The Dow ended with gains, though, thanks to an earnings-driven increase in Boeing shares. Comcast posted a strong earnings report. The cable company added video customers over its recent quarter, rebounding from a loss a year earlier, while NBCUniversal reported a massive jump in revenue tied to Rio Olympics coverage. Garmin rose as quarterly strength in its wearables division helped to offset weakness in sales of its car GPS devices. Overall revenue rose just over 6%. Verizon's multibillion-dollar deal to acquire Yahoo! is still going forward, according to a Verizon exec. The acquisition was called into question after a massive security breach that affected 500 million accounts.

 Midday Report: Crude Recovers After Surprise Inventories Drop; Apple Stumbles | File Type: | Duration: 01:10

Stocks pulled back from losses with the S&P 500 and Dow Jones Industrial Average turning positive. Apple contributed to major losses early in the day after quarterly sales fell for the first time in 15 years. Crude oil clawed back from losses of more than 1% after a surprise drop in domestic inventories. A weekly read on crude stocks showed a drop of 600,000 barrels in the past week. New home sales moved higher in September, reaching their second-best level since the recession. However, a number of previous months were downwardly revised, pointing to a slower recovery despite red-hot demand. Coca-Cola jumped after a smaller-than-expected drop in quarterly profit and sales. Revenue fell nearly 7% as foreign exchange weakness took a 2% hit to the topline.

 Stocks Slip on Lackluster Apple Results; Chipotle Shares Crash on Earnings | File Type: | Duration: 01:26

U.S. stocks pulled back early Wednesday amid worries about Apple . Apple's latest quarterly per share earnings beat Wall Street's forecasts by two cents and revenue matched estimates, but iPhone revenue fell 13% to $28.16 billion. The company sold 45.5 million iPhones during the quarter, a 5% decline year over year. In other news, Chipotle shares sunk after reporting a 21.9% drop in third quarter comparable store sales, while analysts were expecting a drop of 18.7%. The restaurant chain is still reeling from its 2015 E.coli outbreak. Southwest Airlines posted earnings of $0.62 a share for its most recent quarter, down from $0.88 a share in the same quarter a year ago. The results were affected by a technology glitch over the summer that resulted in flight cancellations and delays. TheStreet's Scott Gamm reports from Wall street.

 Apple Reports Revenue Decline for First Time in 15 Years | File Type: | Duration: 01:21

Apple ( ) says it was caught off guard by demand for the iPhone 7. The tech giant says the holiday quarter, which we are in now, will show the full impact of iPhone 7 sales. Still, Apple shares are under pressure as it reported the first annual revenue decline in 15 years. Services, like the app store, Apple Music, and Apple Pay was the only product segment going up. Chipotle Mexican Grill ( ) is still struggling to win back customers after a food borne illness scare last year. It's profit fell 95% and same store sales were down 22%, worse than expected. Chipotle is also not moving forward with its 'Shophouse' restaurant concept, which focused on Thai cuisine. Panera Bread ( ) though topped Wall Street estimates and raised its full year guidance. Recent steps at Panera including its digital platform and healthier menu have helped boost sales.

 Closing Bell: Apple Reportedly Working on Car Software; Stocks Slide on Earnings Mix | File Type: | Duration: 01:10

Stocks held in the red through to the end of the day after sales warnings from Caterpillar and Under Armour spooked investors. Crude oil added to losses after closing 1%, under $50 a barrel. Sprint slumped despite a better-than-expected quarter in which its postpaid phone churn reached a record low. The telecom narrowed quarterly losses and raised its full-year operating income target. DuPont also enjoyed a positive quarter, posting adjusted earnings more than double the same period a year earlier. The chemicals company also boosted its full-year profit estimates. Apple is reportedly testing out a car operating system which could operate self-driving vehicles. Apple reportedly has dozens of engineers working on the software in Canada.

 Midday Report: Caterpillar Warns of Soft 2017 Sales; Under Armour Slumps | File Type: | Duration: 01:10

Stocks returned to the red after a choppy morning as a sales warning from Under Armour dragged on other apparel stocks. Calvin Klein parent PVH Corp , Ralph Lauren and Hanesbrands followed Under Armour lower. Visa moved lower despite a jump in quarterly profit driven by an increase in credit card spending. Growth was also partly attributed to its purchase of Visa Europe. Caterpillar has warned that soft sales could continue next year. The manufacturing equipment company said it expects little growth over fiscal 2017 after a challenging 2016. Consumer confidence fell back in October, though remained at a level indicative of healthy spending. Confidence in current conditions and expectations both mellowed. Analysts expect the end of the election season to boost sentiment in coming months.

 Stocks Rise Ahead of Apple's Earnings; Under Armour Shares Sink | File Type: | Duration: 01:25

U.S. stocks moved slightly higher early Tuesday as the markets awaited quarterly results from Apple , which are released after the markets close. Apple is expected to report earnings of $1.65 a share, compared to $1.96 during the same quarter a year ago. Revenue of $46.9 billion is expected; down from $51.5 billion a year ago. Analysts are still bullish on Apple's stock. Under Armour shares sunk by some 15% after the company said its gross margin dropped to 47.5% in third quarter, compared to 48.8% in the same quarter in 2015. For its third quarter, the company topped Wall Street's estimates on both the top and bottom lines. Procter & Gamble reported earnings of $1.03 a share for its most recent quarter, eclipsing forecasts of $0.98. Revenue was unchanged year-over-year and met analysts' expectations. China sales grew 2% and the company said UK sales were "challenging" amid its pending exit from the European Union. TheStreet's Scott Gamm reports from Wall Street.

 DuPont Beats Earnings Expectations, Twitter may be Close to Layoffs | File Type: | Duration: 01:27

DuPont ( ) earnings came in at 34 cents a share versus 21 cents a share expected. Revenue at the chemical company was $4.9 billion when $4.8 billion was expected. DuPont also raised its 2016 adjusted earnings per share. DuPont is one of 6 Dow Jones Industrial Average companies to report earnings today. Twitter (TWTR) is reportedly ready to go through another round of layoffs. Bloomberg reports the job cuts could be announced this week. According to the report, the layoffs will shrink Twitter's workforce by 8%, or 300 employees. The announcement could come Thursday morning when Twitter announces its earnings. Anheuser Busch ( ) tried out a 'driverless beer run'. The beer giant hauled a trailer loaded with beer 120 miles in an autonomous driving truck, completing what it believed to be the first commercial shipment by a self-driving vehicle. The trip happened last week in Colorado.

 Closing Bell: U.S. Stocks End on a High, VF Corp Slumps Despite Earnings Beat | File Type: | Duration: 01:09

Wall Street ended in the green, with the electronic technology sector leading, as the S&P 500, Nasdaq, and the Dow Jones saw over 0.5% gains amid strong earnings and a flurry of mergers and acquisitions. But oil saw a close to 1% drop as Iraq's oil minister said that his country should be exempt from OPEC production cuts due to its war with Islamic State militants. TD Ameritrade's stock fell after it said that it entered into a "definitive agreement" to purchase online brokerage firm Scottrade Financial Services in a cash-and-stock deal valued at $4 billion. TheStreet's Jim Cramer said he applauded the deal. Finally, VF Corp. , an apparel and footwear company with brands including North Face, Vans and Timberland slumped after beating third-quarter estimates, but sales for the quarter fell 1% from a year ago and the company cut its full-year revenue outlook. TheStreet's Valerie Young reports from Wall Street.

 Midday Report: AT&T Shares Fall Amid Deal Talk; B/E Aerospace Jumps on Acquistion | File Type: | Duration: 01:12

Stocks are climbing Monday as mergers and acquisitions -- led by AT&T's blockbuster agreement to buy Time Warner -- and earnings reports dominate market movement, while positive manufacturing data also gave a boost. AT&T's shares fell as it agreed to buy Time Warner in an $85.4 billion deal announced this weekend. The telecommunications company still has to pass regulatory approval amid politician's negative rhetoric surrounding the deal. T-Mobile's shares jumped after reporting adjusted earnings of 27 cents a share, beating estimates of 21 cents a share. The mobile communications service company said total revenue increase 17.8% to $9.2 billion and it added 2 million customers during the quarter. And in a deal valued at $8.3 billion, including debt, Rockwell Collins agreed to acquire B/E Aerospace . Rockwell Collins is trying to increase its exposure to the commercial aircraft cabin. On the deal news, Rockwell Collins stock fell, while B/E Aerospace shares jumped. TheStreet's Valerie Young reports from Wall Street.

 U.S. Stocks Surge on AT&T and Time Warner Deal; TD Ameritrade to Buy Scottrade | File Type: | Duration: 01:13

U.S. stocks rose on a busy merger Monday. Over the weekend, AT&T agreed to buy Time Warner for $85.4 billion. Time Warner owns media assets such as HBO, CNN and TBS. The deal is reminiscent of Comcast's 2011 acquisition of NBCUniversal. Analysts say the deal shows just how powerful content players are. TD Ameritrade is set to purchase Scottrade, the online brokerage firm, for $4 billion in cash and stock. TD Ameritrade expects $450 million in annual cost savings after the merger. Apparel company V.F. Corp. , the maker of Timberland and North Face products, posted third quarter earnings of $1.20 a share, eclipsing Wall Street's estimates of $1.15. Revenue fell 1% year over year to $3.5 billion, missing estimates of $3.63 billion. TheStreet's Scott Gamm reports from Wall Street.

 Wall Street Gets First Chance to React to AT&T Deal to Buy Time Warner | File Type: | Duration: 01:39

AT&T ( ) reached a deal over the weekend to buy Time Warner ( ) for $85 billion dollars. With the merger, AT&T would own HBO, TNT, TBS and CNN. AT&T wants Time Warner as it wants the content for its customers to download on mobile devices. Public interest groups say the combined group could gather more information about its customers to target advertising. The merger would need to pass regulatory scrutiny, and there was already been some pushback from some lawmakers. TD Bank ( ) announced it will buy Scottrade in a deal that will combine its discount brokerage units as well as some banking functions. The total deal is worth $4 billion. The Chicago Cubs final home game of the World Series is tracking to be among the most expensive tickets in sports event history. Tickets for all 3 games in Chicago have an average listing price of more than $3500.00, according to SeatGeek. Game 5 tickets are going for $4600.00

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