Welcome to Crash Course, a podcast about business, political, and social disruption and what we can learn from it.

I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic upheavals occur and

I'm going to explore the lessons we can learn when creativity and ambition collide

with competition and power.

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This is Bloombergworks Surveillance.

Good morning at 730 on Wall Street. I'm Michael McKee, along with Tom Keene, some of the

stories, non-political stories that were following today best by ugly news from their

second quarter their fiscal second quarter

they see adjusted earnings per share of 38 to 42 cents, the consensus estimate was 50 cents.

The company's first quarter earnings were much better than expected.

44 cents better than the 35 cent rather consensus forecast

revenue 8.44 billion better than the 8.29 billion that had been estimated but the forecast is really hitting the

stock right now best buy is down 5.5 percent. Another stock that is

in somewhat of a muddle this morning, Deutsche Bank, the chief executive officer

upset because Moody's has cut the company's credit rating.

They say the bank has challenges in carrying out its

turnaround, cut the debt metric one level to B. A2, two grades above junk, that's for their

...