BRIAN NELSON, CNN ANCHOR: A series of earnings warnings are rattling investors, and some key economic figures due out in about 30 minutes may not lift the mood. But one word may set the tone for the day. That word is Cisco. Deborah Marchini of CNN Financial News has the details from New York. Good morning, again -- Deborah.</s>DEBORAH MARCHINI, CNN CORRESPONDENT: Good morning, Brian, and thank you. Well, Cisco sent investors shuttering with yesterday's report after the closing bell that sales would fall by 30 percent in the latest quarter. That is a result the company itself called dismal. And as a result, it's had an impact on Nasdaq Futures. They were down as much as 42 points, which is the limit. They are now coming back a little bit. The company also says it will cut more jobs than expected -- 8,500 to be precise. Now, besides sending the Nasdaq Futures lower, that sparked worries about the whole economy, S&P; futures pointing to a big drop in the Dow industrials today. We're going to be hearing from five Dow component stocks today. We've already heard from two. Those are Johnson & Johnson -- it's earnings were $1.06 a share, 2 cents better than expected -- and Eastman Kodak, which earned 52 cents a share, a little better than lowered expectations, but a big drop, Brian, from a year ago.</s>NELSON: Thank you, Deborah Marchini, in New York. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Earnings Warnings, Economic Numbers Alarm Investors