October 19th, 2012
04:46 PM ET

Weak earnings, falling stocks

McDonald's and General Electric released earnings reports that fell short of forecasts this morning and that seemed to set a gloomy tone for the stock markets. CNN Money reports Wall Street had its worst day since June.

Post by:
Filed under: Business • Economy
soundoff (8 Responses)
  1. Shanaynay

    Good. That will teach those greedy one percenters. They need to quit getting all our money. We need some too.

    October 19, 2012 at 5:14 pm | Report abuse |
  2. Dr. Flo

    Sounds like these fat-cats got Romnesia

    October 19, 2012 at 5:16 pm | Report abuse |
  3. HollywoodFUNdingUNLIMITED

    The inspector general reviewed Secret Service reports of contact with foreign nationals between December 16, 2008 and June 15, 2012 and found that before the Cartagena incident there were 105 reports of contact with foreign nationals, while after the incident 423 new reports of contact with foreign nationals were filed, Johnson's memo said.

    "The nature of these foreign contacts is unclear," it said.

    October 19, 2012 at 11:01 pm | Report abuse |
  4. Mary

    "McDonald's and General Electric released earnings reports that fell short "

    Presumably, people have turned to grilling their "royals* on the BBQ in the great outdoors. 😉

    October 19, 2012 at 11:04 pm | Report abuse |
  5. Hide Behind

    There is a facet to globalization that is lttle talked about. the srt of sharing means the prgits are fispursed as are the cost throughout other nations and their economies. Fair market shares will eventually balance out.
    Take Boeing as an example. they went from designing to building almost ebery piece of their civolian aircraft to almost no more than an assembly plant where portions of the plane are constructed in multiple nations and slapped together here. Most wings and tail assembys are built in China and shipped to Seattle.
    China buys Boeing craft for their civilian and military needs partially with profits from building those parts.

    October 20, 2012 at 1:50 am | Report abuse |
  6. chrissy

    Dang I just messed the bed again. Will have to switch to nightime depends diapers

    October 20, 2012 at 2:10 am | Report abuse |
  7. banasy©

    Wall Street owns the country. It is no longer a government of the people, for the people and by the people, but a government for Wall Street, by Wall Street, and for Wall Street. The great common people of this country are slaves, and capitalism is the master...Let the bloodhounds of money who have dogged us thus far beware.

    October 20, 2012 at 9:57 am | Report abuse |
    • banasy©

      Not me above, but a better effort than usual, JR.
      I would think you, of all people love capitalism, being who you are and all.

      October 20, 2012 at 12:48 pm | Report abuse |