Sources say the ftc is widening its investigation of amazon to include its massive cloud business. We will have details. And National Security risk. U. S. Senator Marsha Blackburn on the social media app tiktok. She has called it chinas best detective. We will hear from her after they say they have made changes. But we begin with major changes happening in alphabet. Larry page and sergey brin announced they are stepping down from the tech giant. The google ceo will now be the ceo of both google and alphabet. Page and brin will remain active as cofounders and remain on the board. I spoke to guests on tuesday. It was a pretty big surprise. There had been questions about how much longer sundar might want to be ceo of google. Those questions have been bubbling up a little bit. Google is under a massive amount of scrutiny. He has a lot of things to juggle. There have been internal protests. This really was a surprise where basically he has had to deal with all these things and he will be ba
We will hear from qualcomm Ceo Steve Mollenkopf on the race to 5g. First, nasdaq climbing to a record even as the dow sank following disappointing reports from retailers. Some big tech names leading the way on nasdaq were facebook, broadcom, and tesla. Reports that u. S. And chinese negotiators may link the size of tariff rollbacks to terms set during talks in may. I went head over to new york where Bloomberg Cross asset reporter Sarah Ponczek is standing by. Are we ignoring the trade headlines . Sarah i dont know if we are completely ignoring the trade headlines, at least the good ones. That the u. S. Is softening its stance, that did engage in negative outlook. Take a day like yesterday, a bureau chief from cnbc noted that the tone in china is pessimistic. They were unfortunately seeing that the u. S. Was not going to rollback those tariffs. Focused on stimulating their economy. The s p 500 Information Technology index hit a new high, apple hit a new high. The bad news, as you said,
Considers a doordash considers a listing instead of an ipo. We will hear from qualcomm Ceo Steve Mollenkopf on the race to 5g. Climbing to a record even as the dow sank following disappointing reports from retailers. Some big tech names leading the way on nasdaq were facebook, broadcom, and tesla. Reports that u. S. And chinese negotiators may link the size of tariff rollbacks to terms set during talks in may. I went head over to new york where Bloomberg Cross asset reporter Sarah Ponczek is standing by. Are we ignoring the trade headlines . Sarah i dont know if we are completely ignoring the trade headlines, at least the good ones. That the u. S. Is softening its stance, that did engage in negative outlook. , ae a day like yesterday bureau chief from cnbc noted that the tone in china is pessimistic. They were unfortunately seeing that the u. S. Was not going to rollback those tariffs. Focused on stimulating their economy. 500 Information Technology index hit a new high, apple hit a. T
Shares are down in after hours trading. We will have a report. And, libra grilling. Facebook Ceo Mark Zuckerberg is anticipated to face lawmaker questions on the social networks controversial cryptocurrency on wednesday. We cover what to expect. First, our top story. Snap fell as much as 10 in late trading after reporting thirdquarter earnings. The Company Reported revenue and user growth beating analyst estimates. It has been boosted by an increase in downloads to the revamped android version. But questions remain about longterm monetization. To break it down for us, i want to bring in Jitendra Waral from bloomberg intelligence. First lets talk about the third quarter, daily active users. I have a chart here that i am showing in my terminal. Seems like those daily active users knocked it out of the park. Jitendra q3 numbers were pretty strong. It is the q4 guidance that fell short. Looking at the backdrop here, the stock is up 154 year to date. The valuation, to sustain that valuation
And, libra drilling. Facebook Ceo Mark Zuckerberg is anticipated to face lawmaker questions on the controversial cryptocurrency on wednesday. We cover what to expect. First, our top story. In latel as much as 10 trading after reporting thirdquarter earnings. Revenue and user growth beat analyst estimates. It has been boosted by an increase in downloads to the revamped android version. Questions remain about longterm monetization. Someone fromng in bloomberg intelligence. I have a chart here that i am showing in my terminal. Seems like those daily active users knocked it out of the park. Were prettys strong. Q4 guidance fell short. The stock is up 154 year to date. Evaluation, to sustain that valuation level, it fell short. The user number is the hardest one to really beat. Everything else is in their control. Monetization, cut costs if they want, but the user growth is the harder metric. The fact that they are projecting better than expected user growth in 4q as well, it is showing tha