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Just one day after key economic indicators signaled a slowdown.
Three big global companies show the same result.
First up -- -- -- lecture while the company says first quarter earnings were up 16% of the conglomerate warned that further weakness in Europe have a significant impact and how much money the coming makes moving forward and revenue from its key industrial business found nearly 6%.
Signed at the global economy is far from helping -- IBM one of the biggest losers in today's trading session.
The company says revenue was down 5% in the first quarter and net income down 1% to three billion dollars.
And such as bad here in the US IBM's business in China only grew by 1%.
Another hint that the hardware sector and PC sales are slowing and it's not just industrial equipment and computers that are getting hit the fast food business is also hurting.
McDonald's managed to turn a profit in its last quarter but failed to spark investor interest.
And the reason why the cash strapped consumer McDonnell says sales at stores open more than a year are slowing.
And that the -- expected to continue especially in Europe.
Sales in the US fell one point 2% and when people cut back on fast food it shows that the consumer isn't willing to spend even on cheaper items.
What I foxbusiness.com.
For more in new York -- -- she burns.
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