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☆ 'Sesame Street' will be revamped as Max streaming deal is set to expire
▼ + stars: | 2023-10-30 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +2 min

Sesame Street characters Bert and Ernie during the presentation of the NDR and Deutsche Post commemorative stamp of 'Sesamstrasse' on March 2, 2020 in Hamburg, Germany. "Sesame Street" will soon have a new format as it turns the page on season 55, ending the children's show's magazine-style structure, Sesame Workshop executives told The Hollywood Reporter. The revamped "Sesame Street" will debut in 2025. Last year, Max yanked about 200 older episodes of "Sesame Street" as the streaming service refined content for its target audience, which isn't children. The show's current deal with Max ends after season 55, which is set to begin about a year from now.

Persons: Bert, Ernie, Elmo, Big Bird, HBO Max, Max, Max yanked, Steve Youngwood, Youngwood, Max didn't Organizations: NDR, Deutsche, Sesame, Hollywood, Warner Bros, HBO, Warner Locations: Hamburg, Germany

☆ Deutsche Bank plans to close nearly half its Postbank branches
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

The logo of Deutsche bank is seen in Hong Kong, China July 8, 2019. REUTERS/Tyrone Siu/File Photo Acquire Licensing RightsBERLIN, Oct 30 (Reuters) - Deutsche Bank (DBKGn.DE) plans to close nearly half its Postbank branches by mid-2026 in response to changing demand from customers, a spokesperson for the German bank said on Monday. The bank plans to reduce the number of Postbank branches to around 300 from its current 550, the spokesperson said. Deutsche Bank's new head of private banking, Claudio de Sanctis, had first told the Financial Times about the closures in an interview earlier Monday. He told the FT that the bank's Deutsche-branded branches will also be scaled back, without giving more details.

Persons: Tyrone Siu, Claudio de Sanctis, Friederike Heine, Miranda Murray, Matthias Williams, Tomasz Janowski Organizations: Deutsche, REUTERS, Rights, Deutsche Bank, Financial Times, Thomson Locations: Hong Kong, China

☆ JPMorgan strategists advise opening a short in European banks, upgrade healthcare
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Ralph Orlowski/File Photo Acquire Licensing RightsLONDON, Oct 30 (Reuters) - Strategists at JPMorgan have advised opening a 'short' position in European banks, and moved the sector from 'neutral' to 'underweight', they said in a note published on Monday. "If the bond yields are in the process of peaking this quarter, as we suspect ... then Banks could start to struggle," JPM strategists, led by Mislav Matejka, said. European banking shares have been some of the best performing in Europe in 2023, with the STOXX Europe 600 Banks Index (.SX7P) rising almost 8% year-to-date versus a 1% for the broader STOXX 600 (.STOXX). JPM "used the funds" to upgrade the healthcare sector from 'neutral' to 'overweight', saying the sector could benefit from "higher U.S. dollar exposure, low beta and the long duration angle". The STOXX Europe 600 Healthcare Index (.SXDP) is down around 0.4% year-to-date having touched its lowest level in seven months on Friday.

Persons: Ralph Orlowski, Banks, Mislav Matejka, Samuel Indyk, Alun John Organizations: Deutsche Bank, REUTERS, JPMorgan, Banks, Thomson Locations: Frankfurt, Germany, Europe

☆ How 3 stocks tied to China's economy are navigating its uneven post-Covid recovery
▼ + stars: | 2023-10-30 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

But looking at quarterly numbers and commentary from multinational companies doing business there, the road back for the world's second-largest economy remains uneven. Club name Procter & Gamble (PG) flagged weakness in China when it reported its fiscal first quarter 2024 earnings. SBUX YTD mountain Starbucks YTD Given P & G's remarks, we hope Starbucks is still able to keep its China numbers moving in the right direction. Starbucks' growth in China, its second-largest market after the U.S., is still in its early stages. WYNN YTD mountain Wynn Resorts YTD Commentary from Las Vegas Sands gives us hope that Wynn Resorts might be able to continue last quarter's momentum in gross gaming revenue in Macao.

Persons: China — Estee Lauder, —, Nicolas Hieronimus, Andre Schulten, Let's, Estee Lauder, Lauder YTD, Estee, We're, there's, Wells, WYNN, Wynn, Jim Cramer's, Jim Cramer, Jim Organizations: Starbucks, Wynn Resorts, Vegas Sands, L'Oreal, Procter, Gamble, Deutsche Bank, Wynn, HSBC, CNBC, Wuhan International Plaza, Getty Locations: China, Sands, Macao, Asia, Hainan province, U.S, Dubai, Wynn Macau, Wuhan, Hubei province

☆ Vodafone will struggle to get clean exit in Spain
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Toby Melville Acquire Licensing RightsLONDON, Oct 30 (Reuters Breakingviews) - Vodafone’s (VOD.L) boss Margherita Della Valle is cleaning up the sprawling 21 billion pound telecom group, but it’s a tough job. A potentially messy exit in Spain illustrates the point. Della Valle lacks an obvious partner in the country: local giant Telefónica (TEF.MC) is too big, while rivals Orange (ORAN.PA) and MásMóvil are merging with one another. As a result, Vodafone may have found itself a potentially problematic counterparty for the Spanish business, which Della Valle has put under strategic review. Investors might be reassured that Della Valle is making things happen, but a clean break in Spain looks increasingly unlikely.

Persons: Toby Melville, Margherita Della Valle, Della Valle, Eamonn O’Hare, Expansión, Zegona, Pamela Barbaglia, Liam Proud, Streisand Neto Organizations: Vodafone, REUTERS, Reuters, Orange, Zegona Communications, Virgin Media, Bloomberg, Deutsche Bank, ING, Reuters Graphics Reuters, X, Thomson Locations: London, Britain, Spain

The projections prompted U.S. Treasury debt yields to fall slightly, with the benchmark 10-year yield last at 4.88%. "Interest in today's borrowing projections have been higher than normal," said Thomas Simons, money market economist at Jeffries in New York. Investors awaited the Treasury's quarterly refunding statement on Wednesday for details on which maturities will be increased as the department pursues record borrowing levels. QUARTERLY RECORDSThe reduced $776 billion borrowing estimate would still be a record for any October-December period, exceeding the $689 billion in the 2021 quarter boosted by high COVID-19 relief outlays. In the third calendar quarter of 2023, the Treasury said it borrowed $1.01 trillion and ended that period with a cash balance of $657 billion.

Persons: Rick Wilking, Thomas Simons, Jeffries, Steven Zeng, Wednesday's, Zeng, Karen Brettell, David Lawder, Daniel Burns, Davide Barbuscia, Andrea Ricci, Richard Chang Organizations: REUTERS, U.S . Treasury, Treasury, Investors, Deutsche Bank, Thomson Locations: Westminster , Colorado, U.S, California, New York

☆ Here are Monday's biggest analyst calls: Nvidia, Tesla, Apple, AbbVie, Chevron, Krispy Kreme, Roku and more
▼ + stars: | 2023-10-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are the biggest calls on Wall Street on Monday: JPMorgan upgrades Eastman Chemical to overweight from neutral JPMorgan said it sees an earnings rebound for Eastman Chemical. Bank of America reiterates Roku Bank of America said it's standing by its buy rating heading into earnings later this week. JPMorgan downgrades Olin to neutral from overweight JPMorgan downgraded the chemical company citing concerns about reduced product demand. " JPMorgan downgrades Valley National to neutral from overweight JPMorgan downgraded the regional bank mainly on valuation. Bank of America initiates Cooper Companies as buy Bank of America said the contact lens company is well positioned. "

Persons: Bernstein, Tesla, underperform Bernstein, Morgan Stanley, Apple, it's, Pinterest, Raymond James downgrades, Raymond James, TD Cowen, Decker, Baird downgrades Datadog, Baird, JPMorgan downgrades Newell, JPMorgan downgrades Olin, Olin, Harris, Hess, Truist, Piper Sandler, Piper, Oppenheimer, Goldman Sachs, Okta, Goldman, Wolfe Organizations: JPMorgan, Eastman Chemical, Barclays, Bank of America, Roku Bank of America, Apple, Citi, Raymond James downgrades Cisco, Cisco, Stanley Black, JPMorgan downgrades, JPMorgan downgrades Newell Brands, Newell Brands, UBS, East West Bancorp, Chevron, of America, Cooper Companies, Microsoft, MSFT, Deutsche Bank, Nvidia, Deutsche, Broadcom Locations: China, Okta

Telefonica and Liberty Global have been working with advisers on the sale of up to half of their combined 50% stake in Cornerstone. Vodafone (VOD.L) owns the rest of the business through its Frankfurt-based subsidiary Vantage Towers (VTWRn.H). Spokespeople for Telefonica, Liberty Global, Virgin Media O2 and GLIL declined to comment. Cornerstone, established in 2012, is Britain's largest tower company, managing more than 20,000 sites, according to the company's website. In recent years infrastructure and private equity investors have competed for slices in some of the largest tower deals, including Deutsche Telekom's sale of a majority stake in GD Towers, because of their stable cash yield and long-term contracts.

Persons: Phil Noble, Amy, Jo Crowley, Andres Gonzalez, Paul Sandle, Helen Popper Our Organizations: REUTERS, Virgin Media O2, Liberty Global, Telefonica, Cornerstone, Vodafone, Deutsche, GD, Thomson Locations: Blackpool, Britain, Frankfurt

☆ UAW expected to announce tentative agreement with Stellantis to end labor strike
▼ + stars: | 2023-10-28 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

The tentative agreement, which would still need to be approved by union leaders and ratified by members, is patterned off a 4½-year agreement reached between the union and Ford Motor on Wednesday, sources previously told CNBC. The UAW plans to hold a meeting early Saturday afternoon with local Stellantis union leaders following the sides agreeing in principle to the terms of a deal. The tentative agreement is expected to end six weeks of targeted labor strikes by the union after the sides failed to reach new deals for 146,000 UAW members before a Sept. 14 deadline. The union called back more than 16,000 striking Ford workers after reaching a tentative deal with the automaker. It's not immediately clear how much the labor deals will increase labor costs for the companies, which had argued that giving in to all of the union's demands would affect their competitiveness and even long-term viability.

Persons: Stellantis, Shawn Fain, Ford, It's Organizations: United Auto Workers, DETROIT, UAW, Ford Motor, CNBC, General Motors, GM, Bloomberg News, Ford, Deutsche Bank Locations: Sterling Heights, Mich, Illinois

☆ Ivanka Trump to testify Friday in the NY civil fraud trial – here's how she can hurt her father and brothers
▼ + stars: | 2023-10-28 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

On Friday, Trump's NY fraud-trial judge ruled Ivanka Trump must testify next week. Lawyers for the New York attorney general's office, who plan to call Ivanka Trump to the witness stand on Friday at their ongoing, $250 million Trump fraud trial, agree it was quite the deal. Her testimony at the non-jury trial could prove highly damaging to her father and two eldest brothers, Donald Trump, Jr., and Eric Trump – Trump Organization vice presidents who, like their father, are defendants in James' lawsuit. "Ivanka Trump tried to negotiate the number down to 2 billion," Wallace said in openings, "before agreeing to 2.5 billion." But during the same period, Donald Trump's net worth statements valued the exact same unit at $20.8 million.

Persons: Trump's, Ivanka Trump, —, Donald Trump's, Kevin Wallace, James, Letitia James, Donald Trump , Jr, Eric Trump, Trump, She'll, Wallace, Donald J, Jared Kushner, Donald Trump Organizations: Deutsche Bank, NY, Service, New, Trump, Eric Trump – Trump Organization, Trump White House, Trump Organization, Deutsche, Post, General Services Administration Locations: Miami, New York, Florida, Washington ,, Chicago, Washington, Manhattan

☆ European stocks mixed as investors assess global data, earnings; NatWest down 12%
▼ + stars: | 2023-10-27 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

European stocks had a mixed open Friday, with earnings and the state of the global economy keeping sentiment on edge. NatWest plunged as much as 17% near the open before trading around 12% lower on the prior session. Earnings on Friday are set to come from U.K. bank NatWest , airline group Air France-KLM and retailer H&M. Investors also remain focused on central bank messaging on "higher for longer" rates and economic indicators as bond yields remain elevated. The European Central Bank on Thursday held interest rates steady after an unprecedented run of 10 hikes.

Persons: Alison Rose, Christine Lagarde, Lagarde Organizations: NatWest, Authority, Deutsche Bank, Barclays, Air France, KLM, Investors, European Central Bank, CNBC, Federal Locations: Asia, Pacific, China

☆ Judge denies motion to block Ivanka Trump testimony in New York civil fraud trial
▼ + stars: | 2023-10-27 | by ( Lauren Del Valle | Jeremy Herb | ) edition.cnn.com time to read: +4 min

New York (CNN) — Ivanka Trump must testify at her father’s New York civil fraud trial, the judge overseeing the case ruled on Friday. Ivanka Trump’s attorney had argued that she should not be forced to appear after an appellate court removed her as a defendant in the case. The judge also said Ivanka Trump should have submitted an affidavit asserting that she does not live or work in the state presently. Ivanka Trump was still identified by the New York attorney general’s office as a potential witness they could call in the case. Another Trump attorney, Cliff Robert, said Eric Trump is willing to be the corporate representative for the Trump Organization because he’s going to be testifying at trial anyway.

Persons: — Ivanka Trump, Arthur Engoron, Ivanka, Ms, Trump, ” Engoron, Ivanka Trump, it’s, Engoron, Donald Trump’s, Chris Kise, Donald, Letitia James, Kise, “, Trump’s, ” “, ” Kise, ” Ivanka Trump, –, Donald Trump, Eric Trump, Donald Trump Jr, James, James ’, Bennet Moskowitz, Moskowitz, Cliff Robert, Kevin Wallace, ” Wallace, Wallace Organizations: CNN, . New, New, Trump Organization, –, Trump, Post, Deutsche Bank, Post Office Locations: York, New York, Florida, Washington ,

☆ Worried about a slowdown? One asset management firm shares a way to hedge — and names 10 global stocks
▼ + stars: | 2023-10-27 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

They define that form of value as "combined yield, a blend of dividend yield, free cashflow yield and net buyback yield." "Combined yield has been the best performing of the long-short European factors that we track, year-to-date," the analysts said. Stock screen AllianceBernstein performed a screen of "High Combined Yield Stocks" in Europe for the final quarter of the year. Equinor is listed on both the Oslo Stock Exchange and Nasdaq, while BP is traded on the London Stock Exchange and Frankfurt Stock Exchange. BP is also traded on the New York Stock Exchange in the form of American depositary shares.

Persons: it's, AllianceBernstein, France's, Norway's, — CNBC's Michael Bloom Organizations: Tesco, BP, Oslo Stock Exchange, Nasdaq, London Stock Exchange, Frankfurt Stock Exchange, New York Stock Exchange, Systems, Deutsche Post Locations: Europe, Belgian, British, Swiss

☆ GM, UAW may be nearing a labor deal after marathon negotiating session
▼ + stars: | 2023-10-27 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Both GM CEO Mary Barra and UAW President Shawn Fain participated in the marathon bargaining, however the union leader was doing so virtually, said two of the sources. Fain was attempting to simultaneously negotiate with GM and Chrysler parent Stellantis , which were hosting talks with the union roughly 30 minutes from one another. Spokespeople with GM, Stellantis and UAW declined to comment on specific details of the talks. The union called back striking Ford workers after reaching a tentative deal with the automaker. The strikes have collectively cost GM, Ford and Stellantis billions of dollars in lost production.

Persons: Mary Barra, Shawn Fain, Fain, Mark Stewart, Stellantis, Ford, It's Organizations: DETROIT, United Auto Workers, General Motors, Ford Motor, UAW, GM, Chrysler, North, Stellantis, Ford, Deutsche Bank

☆ There's an overall slowdown in EV adoption, says Deutsche Bank's Emmanuel Rosner
▼ + stars: | 2023-10-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's an overall slowdown in EV adoption, says Deutsche Bank's Emmanuel RosnerEmmanuel Rosner, Deutsche Bank lead auto technology analyst, joins 'Squawk on the Street' to discuss the auto industry, why there's a slowdown in EV adoption, and more.

Persons: Deutsche Bank's Emmanuel Rosner Emmanuel Rosner Organizations: Deutsche, Deutsche Bank

☆ Here are Friday's biggest analyst calls: Apple, Intel, Rivian, ResMed, Amazon, Enphase, Southwest & more
▼ + stars: | 2023-10-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

JPMorgan initiates TKO Group as overweight JPMorgan said the WWE and UFC combo company is a "sports champion." Bank of America downgrades Hasbro to neutral from buy Bank of America downgraded the toymaker after its earnings report on Thursday. " HSBC upgrades Intel to hold from sell HSBC upgraded Intel after its earnings report on Thursday. TD Cowen downgrades Southwest to market perform from outperform TD downgraded the stock after its "tough" earnings report on Thursday. " Goldman Sachs reiterates Amazon as buy Goldman said the stock remains attractive after its earnings report Thursday.

Persons: Cantor Fitzgerald, Rivian, Cantor, Stifel, we've, JPMorgan, Morgan Stanley, Piper Sandler downgrades, Piper, Guggenheim, Raymond James, Roblox, TD Cowen, TD Cowen downgrades Hershey, it's bullish, Wells, Goldman Sachs, Goldman Organizations: Dominion, WWE, UFC, " Bank of America, Hasbro, Bank of America, Products, Energy, JPMorgan, HSBC, Intel, Inc, Deutsche Bank, Deutsche, Griffon Corp, Management, Hershey, BMO, Merck, Citi, Cisco, JPMorgan downgrades, Apple, of America

FRANKFURT, Oct 26 (Reuters) - Private equity firm Hg is weighing options, including a sale, for its German software business F24 next year, three sources familiar with the matter told Reuters. Hg is also weighing only selling part of its majority stake in the process, which is likely to target other private equity firms, one of the sources said. Deliberations are at an early stage and sale plans may not materialise if market conditions deteriorate, the sources said. Hg, which has not disclosed the exact size of its stake in F24, declined to comment. Earlier this year, F24 said it would work with telecom operator Telenet to continue to run the Belgian government's BE-Alert warning system for the next six years.

Persons: Emma, Victoria Farr, Anousha Sakoui, Mark Potter Organizations: Reuters, Telenet, Belgian, BE, Thomson Locations: FRANKFURT, Germany, Munich

☆ China is on the right path but it isn't the right time to invest there yet: Deutsche Bank
▼ + stars: | 2023-10-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina is on the right path but it isn't the right time to invest there yet: Deutsche BankStefanie Holtze-Jen of Deutsche Bank Private Bank says that China is "marching in the right direction" but momentum will only pick up when foreign investors are convinced that the market has bottomed out.

Persons: Deutsche Bank Stefanie Holtze, Jen Organizations: China, Deutsche Bank, Deutsche Bank Private Bank Locations: China

☆ BNP Paribas posts in-line Q3 profits as trading declines
▼ + stars: | 2023-10-26 | by ( ) www.cnbc.com time to read: +2 min

BNP Paribas , the euro zone's biggest bank, posted in-line quarterly results on Thursday, as a jump in corporate financing services offset the continued retreat in trading revenue. Group sales over the three-month period ending in September rose by 4% to 11.58 billion euros, slightly above the 11.52 billion-euro consensus. Germany's Deutsche Bank reported a 12% drop in such revenue for the period, while Britain's Barclays reported a 13% decrease. BNP set aside 734 million euros for credit losses, below the 815 million euros expected by analysts. It also completed more than 85% of its 5 billion-euro share buyback program in 2023, equivalent to about 7% of its market capitalisation.

Persons: Jean, Laurent Bonnafe Organizations: BNP, French, Deutsche Bank, Barclays, Bank of Locations: U.S, Ukraine, Bank

☆ BNP says tough economy could spur opportunities for bolt-on deals
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

PARIS, Oct 26 (Reuters) - Slower economic growth in 2024 could create more opportunities for bolt-on acquisitions, BNP Paribas (BNPP.PA) Chief Financial Officer Lars Machenil said on Thursday. "If the (economic) growth is a bit more timid, which is probably what we're going to see next year, then that fuelling of additional growth - natural, organic - will be a tad slower," Machenil said. Machenil didn't elaborate on the nature of the potential bolt-on acquisitions. "Depending on how the next year will unfold, yes (there) might (be a) shift a bit towards bolting on," he said. Reporting by Mathieu Rosemain Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Lars Machenil, Machenil, Mathieu Rosemain, Mark Potter Organizations: BNP, Deutsche, ABN Amro, Bank of, Thomson Locations: Bank

☆ Meta shares dip following cautious commentary about unrest in the Middle East
▼ + stars: | 2023-10-26 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Shares of Meta initially rose after the report but the gains were erased when Meta's finance chief Susan Li warned analysts about unpredictability in the Middle East. As a result of the conflict in Israel, Meta gave fourth-quarter guidance between $36.5 billion to $40 billion. Meta reported $34.15 billion in revenue for the quarter, up 23%, and the fastest rate of growth since 2021. Evercore analysts said "the BIG negative" from the call was that brand advertising demand has slowed as a result of the war. Despite the slowing brand advertising demand, the Evercore analysts said a lot is "working" at Meta.

Persons: Li, Susan Li, Meta, Mark Zuckerberg, Morgan Stanley Organizations: Meta, Facebook, Paley Center For Media, Deutsche Bank Locations: Israel, New York, Ukraine, Meta

☆ Microsoft shares rise as Wall Street heralds ‘strong execution,’ wider AI rollout
▼ + stars: | 2023-10-25 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

The company also beat revenue consensus among analysts surveyed by LSEG, formerly known as Refinitiv. Microsoft reported revenue of $56.52 billion for the quarter, compared to a consensus estimate of $54.50 billion. Zelnick raised his price target from $380 to $395, adding that "operating discipline" and "a full-stack approach to delivering AI solutions" was just as, if not more impressive, than Microsoft's revenue beat. Azure revenue alone, which Microsoft doesn't disclose in dollars, grew 29% during the quarter. Comments from Microsoft executives helped boost analyst sentiment as well, with Chief Financial Officer Amy Hood saying on a Tuesday call with analysts, "We feel good about our execution, we feel good about taking share and we feel good about consistent trends."

Persons: Brad Zelnick, Zelnick, Raimo Lenschow, Microsoft's, Lenschow, Amy Hood, Jordan Novet, Michael Bloom Organizations: Microsoft, LSEG, Deutsche Bank, Software, Barclays, CNBC

Third-quarter net profit was 1.031 billion euros ($1.06 billion), above an analyst consensus of quarterly net profit attributable to shareholders of 997 million euros, according to LSEG data. The bank's third-quarter net profit was down 8% on the previous year and up 35% on the quarter, amid ongoing struggles in the lender's investment unit. It also said it had scope to release up to an additional 3 billion euros in capital and would increase and accelerate shareholder distributions. The provision for credit losses was 200 million euros, compared to 350 million in the same quarter of last year. Analysts at UBS said Deutsche Bank had delivered a "major improvement in capital" and "robust operational performance," flagging that pre-tax profit of 1.723 billion euros was 9% above consensus.

Persons: James von Moltke, CNBC's Silvia Amaro, von Moltke Organizations: Deutsche Bank, UBS Locations: London

☆ Jim Cramer sees little margin for error in Apple's upcoming earnings report
▼ + stars: | 2023-10-25 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +1 min

"One penny, with this company, is enough to bring the stock down," Cramer said on "Squawk on the Street." Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club, has long owned Apple stock. There's little margin for error in Apple 's (AAPL) upcoming earnings report, CNBC's Jim Cramer said Wednesday. The analysts maintained a buy rating on Apple stock and said they expect the company's results to largely be in line with Wall Street expectations. The quarterly results from Apple next week will only include about one week's worth of iPhone sales, Cramer cautioned.

Persons: Cramer, Wall, CNBC's Jim Cramer, Cramer's, Jim Cramer's, — Organizations: Trust, CNBC, Apple, Deutsche Bank, U.S Locations: China

☆ Morning Bid: China spends, eyes on whether Europe lends
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

[1/2] A China yuan note is seen in this illustration photo May 31, 2017. Microsoft (MSFT.O) and Google parent Alphabet (GOOGL.O) each beat forecasts, but their share prices went in opposite directions as investors zeroed in on cloud computing. On the luxury front Kering (PRTP.PA), owner of Gucci and Balenciaga, reported a bigger-than-expected drop in third-quarter sales. Gucci's revamped look, unveiled last month in Milan by designer Sabato De Sarno, is yet to hit stores. European loans data and a survey of German business conditions will be closely watched later on Wednesday.

Persons: Thomas White, Tom Westbrook, Gucci, Balenciaga, LVMH, Birkin, Gucci's, Sabato De Sarno, Michele Bullock, Sam Holmes Organizations: REUTERS, Giants, Microsoft, Google, Nasdaq, Facebook, . Santander, Deutsche Bank, Dassault, Dassault Systemes, CME Group, Hilton, Boeing, IBM, Meta, Thomson Locations: China, Asia, Milan, Japan

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