Deutsche Bank Beats Estimates With Gains in Consumer Banking

DB saw a net gain in income of $1 billion

Profits fell 39%

Since the EFSF was created Bloomberg has monitored the credit ratings of  Europe. The measurement has fallen sharply and is not getting better despite being on the precipice of  leveraging the EFSF bailout fund.

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Good news for Kiwis as inflation slows and may join the western world on keeping rates on hold…

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Expectations are running high for the bulls regarding bailouts and growth…

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Exports fell 3% and the government warned of continuing decline. They described the outlook as bleak…

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Commodity companies reported decent earnings and are subsequently trading higher keeping some European indices near the unch line to slightly higher. Otherwise most equities are digesting gains of the last week awaiting results from the bailout meeting tomorrow.

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Asia

Europe

Futures

Currencies

Commodities 

Let’s be honest, it’s all about the drumming. Without the drumming, “the revolution” is pure vagrancy.

UNNAMED SOURCE:
“FWIW, people at GA report consensus was reached (w/Drummer Working Group present) to limit drumming hours to fours a day, btw 12-2pm + 4-6pm”

[youtube:http://www.youtube.com/watch?v=pDMh8kQCwJw&feature=youtube_gdata_player 603 500]

CHECK OUT THE ABSURDITY AT THE END OF IT

So the CEO did a cowardly Q and A with his secretary, then moved onto live calls. You’d think following a fucking 70%+ decline in the stock price, some analyst or shareholder would care to vent? Nope. Luckily for Reed, the fucking technical difficulties resulted in no more than 1 question, whereby he congratulated himself for asking himself so many poignant questions. Seemingly, Reed or Reid believed he did such a great job, no one needed to ask him anything.

Have a listen to this preposterous conference call format.

NFLX Cowards by The_Real_Fly

Link to hell.

Link to Apple version of hell.

Enjoy at 6:00 pm eastern

Reports Q3 (Sep) earnings of $0.60 per share, excluding $0.09 in items, $0.03 better than the Capital IQ Consensus Estimate of $0.57; revenues fell 7.3% year/year to $3.47 bln vs the $3.31 bln consensus. Co issues guidance for Q4, sees EPS of $0.43-0.51, excluding $0.15 in non-recurring items, vs. $0.54 Capital IQ Consensus Estimate; sees Q4 revs of $3.26-3.54 bln vs. $3.32 bln Capital IQ Consensus Estimate. TI’s third-quarter 2011 gross profit and operating profit were negatively impacted by costs associated with lower levels of factory utilization in the quarter as the company lowered production in response to weaker demand, as well as charges for inventory obsolescence on certain custom programs. These were partially offset by a net benefit resulting from proceeds from ongoing insurance claims associated with the March earthquake in Japan. The company used $450 million in the quarter to repurchase 14.1 million shares of its common stock and paid dividends of $148 million. “Our revenue for the third quarter was higher than we expected though, overall, the quarter was below the seasonal average. We expect the same in the fourth quarter as economic uncertainty continues to weigh on demand in almost every major market segment in which we operate. We are well prepared to continue to gain share in our core businesses, no matter the economic conditions.”

Reports Q3 (Sep) earnings of $0.09 per share, excluding non-recurring items, $0.01 worse than the Capital IQ Consensus Estimate of $0.10; revenues fell 8.1% year/year to $2.44 bln vs the $2.49 bln consensus. Co issues downside guidance for Q4, sees Q4 revs of $2.15-2.30 bln vs. $2.55 bln Capital IQ Consensus Estimate. Regarding guidance, co said, “Reflecting both revenue and a higher level of unsaturation at our facilities as we make further adjustments to reduce inventory, we anticipate a gross margin range of about 33.5%, plus or minus 1.5 percentage points. We anticipate that 2011 will still be a year of revenue and operating income growth in several businesses, in particular Automotive and MEMS, despite the weaker second half. As evidenced by our year-to-date results, we continue to build on the progress achieved over the course of the last two years in expanding our customer base, introducing new products and focusing on our target growth markets.”

The Death of a brand.

The stock is trading at $85, down from a close of $118.84.

Reports Q3 (Sep) earnings of $1.16 per share, $0.22 better than the Capital IQ Consensus Estimate of $0.94; revenues rose 48.6% year/year to $822 mln vs the $812.9 mln consensus. NFLX reports Q3 net subscribers of 23.79 mln vs approx 24 mln guidance. Total U.S. Subscribers is 23.79 mln up 42% y/y. Net Sub additions falls -0.81 mln down 145% y/y. Co issues downside guidance for Q4, sees EPS of $0.36-0.70 vs. $1.09 Capital IQ Consensus Estimate; sees Q4 revs of $841-875 mln vs. $923.19 mln Capital IQ Consensus Estimate.

Says DVD subs in Q4 will decline sharply which is reflected in guidance due to price change. Weekly rate of DVD cancellations is shrinking; expect future cancellation rates to shrink more modestly. Says that streaming net additions will be negative in october due to the cancellation wave. Expect levels to be flat in November. Overall expect slightly negative streaming net sub additions in Q4. Expects to double spending on content in 2012 from 2011.

Frequent travelers may be used to finding an official note from the Transportation Security Administration alerting them that their checked bags have been searched, but rarely does the TSA take the opportunity to get a little more — or a lot more — personal with travelers.

But that’s what one blogger said a TSA officer did based on an unusual note she found in her luggage today. Jill Filipovic, a blogger atFeministe.us, tweeted a picture of the TSA notification on which, alongside the official form, someone had scrawled “GET YOUR FREAK ON GIRL” in big capital letters.

“Just unpacked my suitcase and found this note from TSA,” Filipovic tweeted. “Guess they discovered a ‘personal item’ in my bag. Wow.”

Attempting to discreetly explain the “personal item” to commenters on Feministe, Filipovic wrote it was “the most basic lady-thing you can imagine.”

Filipovic had traveled from Newark, New Jersey, to Dublin, Ireland, over the weekend and had just this morning opened her luggage. She said that except for when the bag was checked — from the time she packed to the time she unpacked — she had been with the bag, meaning it was unlikely an elaborate practical prank by a friend. She said the fact that the note was left on the TSA notice led her to believe a TSA officer had written it.

A spokesperson for the TSA said that they are “one of several entities” that handle checked bags and that at this time there is “no concrete evidence who wrote the note.”

Still, the TSA said that “if inappropriate conduct is discovered, TSA [will take] appropriate disciplinary action.”

Initially, Filipovic wrote on her blog that the note was “total violation of privacy, wildly inappropriate and clearly not OK, but I also just died laughing in my hotel room.”

But upon further reflection, Filipovic told ABC News she believed it to be “offensive” and said she’d likely be filing a complaint with the TSA once she returns to the U.S.

“I hope they do see the complaint, they’ll look into it and remind their staff that going through people’s personal belongings is a responsibility that should be treated with some modicum of professionalism,” Filipovic said.

The TSA said it opens checked bags for hand inspections if any alarms are sounded during the screening process and the TSA inserts the inspection card after the search.

SOURCE 

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