THE WORLD.S TODAY FINANCIAL NEWS ON MAY 4TH, 2015
Monday, May 04, 2015
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| U.S. stock futures were higher in early trading, after Wall Street ended a down week on a positive note. Investors are looking ahead to Friday's jobs report for further clues as to when the Fed may hike interest rates. (CNBC) |
| Comcast (CMCSA) today reported earnings and revenue that beat expectations. The parent of NBCUniversal and CNBC also added $2.5 billion to its stock buyback program. (CNBC) |
| McDonald's (MCD) is set to unveil a turnaround plan today, as the restaurant chain seeks to revive sales. Executives said the menu had gotten too complicated and the company had failed to keep up with changing tastes. (CNBC) |
| Billionaire Warren Buffett tells CNBC the stock market would be viewed as "cheap" now if interest rates continued to remain low. If rates normalize, stocks would be on the high side on a valuation basis, he said. |
| Warren Buffett's financial acumen is well documented, but the CEOs of Berkshire Hathaway's big four investments-IBM, American Express, Coca-Cola, and Wells Fargo-paint a vivid picture of the Oracle of Omaha. (CNBC) |
| Berkshire Hathaway beat estimates on earnings, and saw a 20 percent increase in operating earnings, thanks to higher revenue at its insurance and railroad operations. (AP) |
| IBM is already monetizing its Watson supercomputer in health care and a number of other industries, but the road to profitability will improve over time, IBM chief Ginni Rometty told CNBC. |
| Three more GOP candidates are entering the race for president. Ben Carson, a retired neurosurgeon, joined Sunday. Carly Fiorina, a former HP chief, announced today, with former Gov. Mike Huckabee expected tomorrow. (NY Times) |
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 | BY THE NUMBERS |
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| Three Fed officials speak publicly today: Fed Governor Daniel Tarullo, Chicago Fed President Charles Evans, and San Francisco Fed President John Williams all give speeches today during market trading hours. |
| The day's only economic report comes at 10 a.m. ET, when the government issues March factory orders. They're expected to show a 1.9 percent increase following a 0.2 percent rise in February. |
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| STOCKS TO WATCH |
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| Goldman Sachs (GS) is in talks to sell its coal mines in Colombia, according to Dow Jones. |
| Twitter (TWTR) plans to launch autoplay video by the end of June, according to a report in Adweek. |
| American Express (AXP) unveils a new rewards program called Plenti today. Users do not have to be American Express members, and there's no cost to join. |
| Salesforce.com (CRM) rose last week on a variety of takeover rumors, but one was dispelled over the weekend when SAP (SAP) said it was not considering an acquisition of the software company. |
| Dean Foods (DF) will unveil its new Dairy Pure product today, an effort to boost its milk sales. |
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| WATERCOOLER |
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