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Civilian Imus in the morning from.
Good morning everyone shares of apple are down more than 8% in the pre market after the company reported weaker than expected revenue for its first quarter.
And lowered revenue guidance for the current quarter.
The company earned thirteen dollars 81 cents a share topping the estimate that basically matching the prior year -- iPhone sales came in below expectations.
Revenue rose nearly 18% from last year to 54 and a half billion dollars but that missed the estimate.
For 54 point seven billion apple says it sold a record 48 million iphones last quarter but that also was below the estimate for fifty million.
It also sold nearly 23 million ipads just over four million Macs and twelve point seven million iPods.
Checking markets now here in the US futures have been fairly flat except for the NASDAQ sharply down due to those apple earnings.
The NASDAQ is currently down about 35 S&P futures are down three the Dow.
Is up by six meanwhile JPMorgan's Jamie Dimon leads a slew of stingy CEO interviews.
From Davos Switzerland today -- -- claimant is there with more from the 43 annual meeting of the World Economic Forum list.
Good morning from Davos Switzerland here at our work space on top of that congress Centre of the World Economic Forum -- Fox Business crew busy working and getting ready for a superstar lineup.
Starting at 10 AM eastern time you can't miss my conversation live.
With JPMorgan chairman and CEO.
Jamie Dimon on the state of banking right now and whether too big to fail banks still exist and whether they might voluntarily break themselves up who knows but also.
What does he think of the president's pick for Treasury Secretary Jack -- We've also got Coca-Cola CEO boot -- -- talking about his business.
Which is purely global in every way shape and form Ken Frazier of Merck he's the president and CEO we'll talk to him about the pharmaceutical business along with.
We have or -- -- she is the chairwoman of Bain and company Bob -- -- -- the NASDAQ what a difference a year makes one year ago here in Davos.
He and the IntercontinentalExchange.
Were thinking of trying to make a play for that I -- Euronext.
We know what happened there IC Euronext and ice are looking up now and Wal-Mart is -- of Medtronic one year later as he has taken the Helm of the world's largest pure play it medical device maker.
What about the medical device tax can continue to innovate all that -- so much -- -- adopt us all day long don't miss it we'll send it back to you in New York.
Sounds good thanks Liz and we're getting earnings in now from -- capital the asset managers reporting a profit of seventeen cents a share that topped the estimates.
For fourteen cents revenue came in at 216.
Point six million dollars the estimate there was for 213 point four million.
And Union Pacific is also reporting earnings throughout our company says it made a profit of two dollars nineteen cents top in the estimate for two dollars sixteen cents.
Revenue came in at five point 25 billion dollars that was just shy of the expected five point 31 billion.
And a new study shows sleep deprivation may be costing employers some serious money warrants -- -- that he has more on that from the -- -- now assuming she -- that is.
Had Dan how many hours to get last night I mean let's -- indictment long you get you get four hours and it's just like if you're -- you know anything under -- sleep deprivation and and just about a third of US workers are sleep deprived.
That's not good for their work performance.
Harvard medical researchers found that bosses are starting to listen to this because when you show up to work and you haven't -- enough sleep you don't operate at your peak performance.
And that costs your employer 63.
Point two billion dollars a year.
In -- productivity so we are seeing some companies like Goldman Sachs and Procter & Gamble.
Clear around with different things to encourage you to sleep more so I don't know.
I can't say the last time has six hours -- battered in morning.
All right so we've matter that apparently size does -- at least when it comes to say images is going on -- he had this sub.
-- Sam -- advertised as a as a -- lung right but more often than not it weighs in at were measures in at eleven inches eleven and a half inch is hardly ever that full twelve.
And now two New Jersey men are suing the -- -- shop.
Actually one of them is trying to make a class action lawsuit.
He -- T eight over the past fourteen years 700.
It someway thought lung that he feels jets.
And the way they kinda concocted this case his attorneys say that.
And that equals a 143 million dollars in deceptive advertising by subway so -- hand size matters.
-- looking out -- -- -- now lord today from the -- through thank learn.
Let's take a good look at commodities now oil and -- -- have been all morning oil's up by about forty cents gold is down almost nine dollars.
Coming up this hour performance from the cast of mom and media and now here's the I'm -- live on Fox Business giving -- the power to prosper.
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