July 25 - iphones see a drop-off in demand in Apple's second-largest market China, adding to a rare earnings miss for the tech giant.
Pressure on apple and in New York fed here's your morning coffee this Wednesday. For the second time in the past twelve months apple -- earning expectations. Disappointing iPhone sales and a weak European economy -- to short off fourteen cook and company. Lackluster sales and she also a factor analysts -- at the temporary blip ahead of the expected release of the iPhone 5 later this year. Shares down in the premarket. Not as much as they were after the report came out Tuesday evening. While some analysts have cut the price targets slightly the main target is still north of 700 box. Apple taking its -- on the rest of the tech sector Asian suppliers including chipmakers Samsung which is of course also a Smartphone rival. -- -- trading today on high whose workers put together iphones ipads losing ground as well as screen maker LG. Apple makes up close to 20% of the waiting in the NASDAQ-100. So futures that index down today while the Dallas 500 index futures. Are pointing toward higher open. It lets you drag on NASDAQ today is Netflix the company saying it may have trouble reaching targets for subscriber growth. As consumers will focus on the Olympics which start this weekend Netflix also expect to lose money in the fourth quarter as it launches in and other international market. Shares down close to 20% in premarket they have cratered over the past year. The New York fed reportedly knew about live -- fixing during the financial crisis and didn't report this to key regulators. The Washington Post says 2008 at least one -- from Barclays. Told that officials quote. We are not posting. An honest life for. The information was not brought the attention of the regulators in meetings about key interest rate. It's not clear if Treasury Secretary Tim Geithner who headed here at the time knew about the conversation. Stocks to watch today include RadioShack. Big company missing estimates and suspending its dividend. And Eli Lilly which surpassed expectations and raised its guidance for 2012. That's your morning called this Wednesday you can follow us as -- on Twitter at Reuters Insider and check out our Reuters YouTube channel. At Reuters dot com slash Reuters TV I'm Lisa Bernhard this is Reuters.