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U.S. Morning Call: BlackBerry getting battered after results

Friday, June 28, 2013 - 04:05

June 28 - BlackBerry reports a loss in the last quarter and forecasts a loss in the current quarter.

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Let's get out your -- -- call -- from Blackberry out just minutes ago. Take one look at a stock you know it is bad bad news you're looking at 18% decline. Like reporting and that lots of 84 million dollars in the first quarter or sixteen cents a share missing estimates. Saying it's not gonna get any better it's also forecasting a loss for the current quarter. According to market short sellers loaded up on Blackberry ahead of the results with 33% of the company's shares currently on loan to in shorts. That's an all time high as investors remain skeptical about the success a Blackberry head. Got to check the markets we're gonna start of gold today because that's where the real story is spot gold trading near 1203. At the moment. But earlier today goal was in -- all falling to 1180 announced that is near three year low. If gold closes at that level. It would be the worst weekly performance in thirty years. Gold is down 25%. For the April period its biggest quarterly loss ever. Based on Reuters data that dates back to 1968. So what's worse despite the lower prices by estimation are stay away in investors have continued to exit gold -- yes. Traders say stop loss is on many accounts were triggered. At 12100 level. It is surprise wet cats yesterday Jeff got lack of double I investments that. Gold looks like -- absolutely the weakest asset on the plant. Turning now to stocks futures for the Dow -- in NASDAQ -- when he higher open. A key economic indicators got today including the Bible -- -- consumers' sentiment survey. At that speakers will be out in force again stay with inside this morning when we bring you live that governors Jeremy died eating cat. Now a couple of stocks to watch for you you might start preparing your Christmas with in June. Google is developing it and flight based video game console at this watch. Both devices could be available in the fall according to the Wall Street Journal. Google's Android system already is speech three out of every -- Smartphones sold and yet another platform for an expansion. Keep an eye on shares of US Airways today at -- explicit shows the Justice Department is looking deeper into the airlines' merger with American. This sticking point the merged airlines dominance that DC's Reagan airport now. -- approved the new airline would have 68%. Of the take -- landing slots at Reagan far more than delta or united. I think stock will be up slightly in the premarket it's up 11% this year and it that's not enough to make shareholders happy. Its board has authorized the buyback of ten billion dollars worth of ours. In addition to that three point nine dollars and shares in its current buyback program. The market's not money is historically cheap but so far 2013 isn't done all year -- deals. According to top the writer's latest stats. Global -- activities slowed to its most sluggish pace in almost four years recession hit European companies put the brakes on deals. And US counterparts were cautious with all the volatility in the air globally Telecom and health care where bright spots for deal making. Investment bankers expect more action in the fourth quarter as companies except the -- at credible transition. From historically low interest rates. That fit for your Friday morning call remember Bob -- -- writers either get more great videos of -- dot com slash writers TV. I'm Rhonda -- this as providers.

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U.S. Morning Call: BlackBerry getting battered after results

Friday, June 28, 2013 - 04:05