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Good morning. Today is Friday, June 17 17th and I'm your host Julie Morgan.

Our top stories, Refinancing Amazon and Twitter.

But first a look back and then a look ahead. A day after the Fed announced its largest rate increase in well over two decades,

the NASDAQ led the market lower with a decline of more than 4%. Economic worries also sparked a 700 point drop in the Dow Jones, which closed below

30,000 for the first time since January of 2021.

In a similar story, the S&P 500 ended below 3,700 for the first time since December 2020.

Looking ahead to today, the Dow S&P and NASDAQ futures ahead of the opening bell are up. The Dow up 211 points, the S&P up 37 points, and the

NASDAQ up 149 points. We'll take another look at market futures as well as the world markets

and crude oil in just a few minutes.

In our day watch, Adobe gave a fiscal third quarter forecast that fell short of Wall Street's

expectations.

After U.S. stock markets closed Thursday, Adobe said that for his third

quarter it expects to earn $3.33 a share on revenue of $4.43 billion.

While analysts had earlier forecast Adobe to earn $3.40 a share on 4.51 billion in revenue.

The company cited several factors as impacting its outlook, including summer seasonality, a foreign exchange

headwind of $175 million that'll be spread across Adobe's third and fourth quarters, and

the decision to cease all new cells in Russia and Belarus

due to the war in Ukraine. Adobe's outlook took some of the shine off of what was a

better than expected second quarter report.

For the period ending June 3rd, Adobe earned $3.35 a share on sales of $4.39 billion, which topped

...