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Nokia Shares Fall on Weaker Sales Outlook

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  • Description

    FBN’s Diane Macedo on Nokia lowering its sales outlook.

  • Duration 1:11
  • Date

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This morning but once -- watching today is Nokia shares are -- this morning as it sees weaker than expected sales and margins.

Nokia says -- will be substantially below its previous forecast range of eight point seven billion dollars for the second quarter.

The reasons are lower than expected average selling prices and mobile device volumes Nokia says it's no longer appropriate to provide annual targets for this year.

And there are lots of economic reports tactics of this short week Connell.

In about thirty minutes we'll get the Case Shiller home price index housing prices are expected to fall believe -- -- not.

Also this morning we expect to get a read on manufacturing and consumer confidence.

On Friday look at the government jobs report for May as well economists are expecting an increase of about 200000 jobs there.

And Goldman Sachs lost more than a billion dollars of Libya's money according to the Wall Street Journal in 2008 Libya invested one point three billion dollars with Goldman.

The investment lost 98%.

And his value.

-- -- apparently was so worried about the reaction offered -- the chance to buy five billion dollars worth of Goldman shares for only three point seven billion.

That would have made -- -- one of Goldman's biggest shareholders but the talks which reportedly included CEO Lloyd Blankfein Philip.

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