to put the numbers in context, john butters. welcome back. good to see you. simple question, how are we doing? >> relative day. it's an average quarter. we had over half the companies report earnings at that time and 74% of companies beat expectations. that might not sound like a high number but a little higher than the average over the past four years, 73%. on the revenue side we seen 54% of companies beat the sales estimates and that's below the average of 58% but better than the performance in recent quarters. more companies missed revenue estimates than beat. so more performance on the revenue side. >> everybody looks to see what is the guidance they hear from company executives. we heard from caterpillar, weak guidance. as you look at that, what can we expect for the third quarter, current quarter and fourth? >> 39 companies issued eps guidance and some negative guidance, 80% and that's consistent with the previous quarter. it's much higher than the long-term average of 62% and guidance in companies in the technology sector and we've seen significant cut

i guess the concern, and this is john butter's point, is this, if the earnings don't come in the way we think they are, if they get reduced down, all raff sudden then the ratio is going to go up and suddenly we could be looking at a 17 or 18 multiple which would then say we're out of that historical balance. >> yeah. that would be butter's article or announcement if estimates are off for the next four quarters, and, in order, it would have have to be a classal miss in the next four quarters, and while it could happen, strategists haven't been exactly right all the time, but they could underestimate it, too. >> that's it, and listen, i know herb has a strong view on this as well. analysts, while smart, they work hard. they get it wrong just like the rest of us, right? you see them, they cut earnings expectation after the company comes out and preannounces. >> let's look at what happened. i don't know how the buybacks were doing, company buying back as much stock and perhaps was not helping, mott buying back as much stock and companies can only cut so much. were they not cutting so muc

john butters, thank you very much. dennis: help-wanted, but only tabs need apply.yees. cheryl: we will show you the apple one computer coming up. as we go to break, take a look at the ten and 30 year treasuries. we will be right back. ♪ with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliab - secure - agile. and with responsive, dedicated support, we help you shine every y of the week. ♪ tracy: i am tracy byrnes with your fox business three. new allegations -- the "wall street journal" reporting they were handed cash. so far, they have not found any evidence of bribery or corruption. it is hitting some major static. downgrading the company. this after the deal. s&p says sprint has cash flow and high debt. nearly 50% of those surveyed said they would like to see a movie theater added to the local airports. that is the latest from the fox business network. ♪ cheryl: it was the beginning of an empire. the apple one coc

butter protein bars. >>> a big donation to help thee victims of hurricane sandy. >> john bon jovi joined governor chrishristie for a certify noo make the announcement. he walked through his hometownho vitzing the residents there. >> i want to thank the unsung heroes who went unnoticed but bu were compelled to, help, house, feed, cloth or just comfort each other. my being here is not political. it's emotional because i grew up here. i went to school here, i met mye wife here. >> christie says the donation will foe a long way in helping in the rebuilding process. >>> lauryn hill is singing the jailhouse blues this morning. mo she is going to spend the next three months behind pars for fail to pay $1 million in taxes. she will live in an open dorm style facility.e while there, she will be doing jobs like doing jobs like may maintenance, food service or landscaping. >>> all right.rit. ladies, listen up. up all the single ladies, all the single ladies. >> george clooney back on the market. >> once again.>> o >> every two years it seems like it.it. >> every two years.s. >> he is and stacey keebleer have repo

butter. healthy never tasted so sweet. >>> here's what's happening. secretary of state johnideast peace talks between palestinian and israeli negotiators starting tomorrow. >>> flooding in north carolina has left two dead. as much as 8 to 10 inches of rain fell over parts of the state over 12 hours. >>> the latest lundberg survey says the average price of gas jumped 8 cents over the past two weeks. the price of a gallon is $3.67. >>> as fierce as pelican bay's mainline housing can be, there is a place that inmates fear even more. in prison slang, it's known as "the hole." while pelican bay houses some of the worst inmates in the state of california, the security housing unit, or shu, has always housed the worst inmates in pelican bay. >> now this might look concrete to you, but it is not comparison to the shu program. everything is concrete. >> no ground, no grass, it's all cement. lights all the time. noisy. the yard, you look up at the roof and it's like this. you don't see the sky, you still see bars, you know what i mean? >> you know, you can drive yourself crazy like th

john silver's. >> bill: uh-huh. i'm not walking in that place. >> it is like eating the equivalent of three or four sticks of butter. >> bill: it looks bad from theside. >> it looks horrible. true story, i went into a long john silver once when i was on a road trip. i went in and i just got whatever, the fish and chips. i watched a gentleman walk up to the counter and say do you have any of the leftover fried pieces, they batter dip the fish and put it in the oil, whatever doesn't stick they're almost like doughnuts -- crunchy doughnut type batter. they handed him a basket filled with fried fish batter. he went to his table and he put vinegar all over it and he ate it with a fork. >> bill: no, really? >> honest to god. that's the thing. you can go and you can order the crispy batter. whatever is left over -- they just give it to you. >> america. >> that's awesome. >> bill: he didn't pay for it. >> he didn't pay for it. it don't cost nothing. >> bill: my kind of restaurant. [ laughter ] >> that is awesome. a below the belt hit to the new york city mayoral race. the leading candidate loda is asking women to come forward and speak to him with horror

butter. healthy never tasted so sweet. >>> welcome back. testimony resumes right now as you see there. let me bring in lisa bloom and john burress again. get more perspective on the questions to this chief medical examiner under cross as far as how these injuries were sustained -- or how these injuries happened, i should say, in particular where she believes it's one strike against the concrete. she refers to them as minor and insignificant injuries as well. >> well, they're minor injuries in that they required only band-aids. that was the sum total of the medical treatment. zimmerman was not hospitalized. he refused any further medical treatment. i think everybody would have to concede they were minor. we also saw the video. she referred to this in her testimony of him at the police station that night walking and speaking with the police in a normal way. that doesn't resolve the question legally, though. you could have no injuries whatsoever and still prevail on a self-defense claim. if the jury believes that he was reasonably in fear of imminent either death or great bodily harm, they can acquit him. the defense has made so much of t

buttering her up! >> gary: the sharks has made a trade and 2015 jason appelbaum love we have been together for 20 years apparently johns so did not get his full 30 million. all of it is gone for it to date was announced that the raiders still owe him over $3 million and they are working on a settlement today. there is one out pam, and no pitcher. >> gary: this guy is throwing a no-hitter. >> pam: i can do well with the 30 million. >> gary: who is your friend catherine? >> this is stephanie. (laughter) >> gary: 19 years of age eliminated today by marion bartolo leak grant. all of the american men are gone. why don't we take a break, are to hits to out excuse me from being a part of history. we will have a history of our own the fitness guru kathryn billy bryan. she will sell us something and it will be quite a segment. >> pam: it sounds exciting so stay right here >> gary: so stay right here do not move. [ man ] we have a go for auto sequence start. t-minus 5, 4, 3, 2, 1... ignition. [ male announcer ] launch your internet experience on at&t's newly expanded advanced digital network and connect more wi-fi-enabled devic

butter. healthy never tasted so sweet. >>> the u.s. senate avoided an internal crisis yesterday. joining me now is senator chuck schumer. >> good morning. >> could you have gotten this done without mccain? >> no. johnwas somebody would felt, as he did in january, when he and carl levin led a team i was part of to deal with the rules that we shouldn't break the rules here. but on the other hand, he understood that certain agencies were being blocked not because of objections to the individuals, but because people just didn't like those agencies and that was wrong, that the president deserved his choice. so we worked together long and hard. but we're buddies and he called me early on. he threw out a whole bunch of ideas. by the end, we got to a deal. it's much better for everybody. we get what we want. we get a cfpb and a department of labor that is going to be functioning and nobody really wanted to break the rules. we just felt so frustrated that they were blocking these agencies for so long that we had no choice. thank god that armageddon was avoided. >> you've got all your alphabet letters there correct. >> took a while. >> to go on -- there are reports that actually at the end, the senate republ

butter. >> stephanie: that's exactly right. god. do we need to write everything for you boner. brian in charlotte, you are on the "stephanie miller show" with johned to prove was that he got out of the car to intentionally kill trayvon martin. >> no, they didn't prove that. and i don't believe anyone believes that was his intent when he got out of the car. >> caller: right, so according to the law, which is the worst law in the history of laws he was able to get away with murder. and the brother who called who said you are a racist, if you are listening, good luck trying to find other brothers to back you, because it ain't happening. >> stephanie: thank you, baby. the president again. >> obama: unfortunately over the last couple of years in particular, washington hasn't just ignored the problem, a lot of times it has made things worse. i'm laying out my ideas to give the middle class a better shot and if the republicans don't agree with me, i want them to lay out their ideas. if they have better ideas to make sure that every american knows the security of affordable health care, share it with the country. instead of repealing obamacare and slash