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Investors Bearish Over Ciena
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Description
FBN's Adam Shapiro breaks down late afternoon market news.
- Duration 0:53
- Date Aug 30, 2012
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Transcript
This transcript is automatically generated
I mentioned hero -- Fox Business -- the sharp selloff on Wall Street continues after reports show economic confidence in the eurozone hit a three year low right now.
The Dow is down 94 point.
Is there also bearish over CN -- this after the networking gear maker posted this according learnings and a weaker than expected revenue forecast.
The company says the economy is taking -- -- and it -- been slow to both revenue -- new products.
Europe remains CNN's weakest market and deteriorated -- Third quarter some Louisiana's biggest customers phone carriers who have cut spending -- -- purchasing of equipment.
Mortgage interest rates fell for the first time and time -- put into Freddie Mac -- made at a thirty year fixed mortgage.
About the record lows hit earlier this year.
That's the latest from the Fox Business Network giving you the.
