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July 16, 2024
Because of the hong kong elections. Record turnouts sunday, big loss for scombrabeijing. I think its heartening to see the people stand firm. For xi jinping, its a setback. What will he do now . Investors round the world cheered. Its part of our rally on wall street today. No cheering for uber. The authorities in london will not renew ubers license to do business there. Ouch. London was its best European Market. Uber takes the hit because of passenger safety concerns . Gee, i wonder if londons f...
July 16, 2024
Pressures for boeing, downgrades at Credit Suisse and ubs renewed congressional scrutiny, shares tumbling 10 on the past week. Opioids on trial in ohio for Drug Companies reaching a last minute settlement ahead of a landmark First Federal opioid case. And Mark Zuckerberg speaking out, why the facebook ceo tells nbc news it is more important to be understood than it is to be liked. Shares of boeing under pressure, having its worst day in more than 2 1 2 years, losing almost 7 friday. As we said, ...
July 16, 2024
Information the government run health plan you will not believe what we found sallie mae the Student Loan Company flew 100 workers on a junket to hawaii to celebrated 106 trillion of student loan debt. How will Elizabeth Warren explained that one . But they the president does face problems of the big voting block. The impeachment just got real the senate is preparing by september but reports are coming in the motor show new light on why Speaker Pelosi is not holding a full vote on the impeachmen...
July 16, 2024
Charles boeing is up. Was up a lot more after it continues to expect the 737 max to return to service this year. Jackie the initial reaction sent shares down. It was down to 330 a share but as high as 346. What changed the dynamics . Reporter good afternoon, charles. On its face this was a big eps miss. 1. 35 expectation of 2. 09. Revenues were slightly higher than expected. What was said about the 737 max plane. Anment acknowledges they still plan to get it up and running in the fourth quarter....
July 16, 2024
Quarter earnings and shares a spiking on a surprise profit. We have the latest. Cloud carries clout did microsoft revenue beats the highest analyst estimates. Demands come in strong that it may be waning. We will explore. First, to our top story. Mark committee on merits of its plan to establish its own digital money called libra. While he struggled to convince them of the plan, he did share one major view with lawmakers. Too big forect is anyone company to do on its own which is why we set up t...
July 16, 2024
Chicago. Phil. Melissa, the reason the stock is shooting higher is because the adjusted eps is 1. 86 profit for the third quarter. And that is far above what most people were expecting. The expect aches, the consensus out on the street was for a loss of 42 cents a share. Revenue came in a little under expectations at 6. 30 billion the expect aches for 6. 33 billion in revenue and looking at the gross margins, 18. 7 is what most of the analyst were zeroing in on in terms of what the expectation w...
July 16, 2024
Paypal confirms it is bailing us commitment to Facebook Cryptocurrency project. Why analysts think that is a wise move. But first, to our top story. Loftyank set some investment goals. So far returns have not lived up to expectations. Have a long still way to go and that makes me embarrassed and impatient. I used to envy the skill of the markets in the u. S. And china. He goes on. There is just no excuse for entrepreneurs in japan, myself included. Joining me to discuss is sarah mcbride. What wa...
July 16, 2024
Host what is facebook trying to do and why . Guest the simple answer is that they are trying to create a Digital Currency that people can use across borders and a Digital Currency means not necessarily a theirment currency, but own private currency that people can use and ship to one another in different parts of the world. The reason why they are doing this is a little bit complex ause no one knows exactly they have explicitly said that they want to, and i am reading this because i think it is ...
July 16, 2024
Little love for libra. And how amazon plans to take on its new highend echo speaker. We begin with that fresh facebook news. The ftc has approved a privacy settlement with the social media giant, fining facebook about 5 billion. This marks the most significant axiom yet against facebook over a series and send the company reeling from one crisis to another. I want to bring in kurt waggoner, who covers facebook for us. He joins us on the phone. In washington we have naomi, who covers corporate inf...
July 16, 2024
Concerns. And the proclaimed arrogance of Silicon Valley. Ripples ceo has called Facebooks Libra pitch to lawmakers somewhat sumptuous presumptuous. We asked how it is impacting the broader Crypto Market. To our top story, facebook, tesla, alphabet, all reporting secondquarter earnings. Amazon and alphabet reported thursday. For atbat, it was about sales and regulation. Two guests waited. Weighed in. 85 of revenue in google is from the ad business. I think that given the competition they will be...