Come up, excluse of ive insightm jamie dimon and ray dalio. Shares of uber, theyre sinking on continuing losses, more than a billion dollars in the Third Quarter. But the ceo predicts profitability within two years. And done everything right goings new chairman backing embattled ceo Dennis Muilenburg of the max crisis. Uber, shares falling stocks now 35 below the ipo price in may yesterday on closing bell, the ceo said he sees profitability as david said for the company in 2021 it was a very significant beat on the top line in terms of Revenue Growth accelerating and the bottom line. We increased our 2019 midpoint of our guidance and ebitda by 250 million. Ill tell you, while we havent finalized our planning, and it is going to take a lot of hard work from a lot of folks, were targeting 2021 for adjusted ebitda profitability full year sort of echoes of what lyft said last week street is mixed on this. I saw price target cuts and raises today. You got rbc saying that there is 1. 7 billi
Steyer, and kamala harris. Please welcome to the stage mayor pete to judge pete to judge pete buttigieg. Mayor buttigieg thank you. Mayor buttigieg thank you. Mayor buttigieg thank you, iowa. Mayor buttigieg thank you so much. [cheers and applause] mayor buttigieg thank you. [cheers and applause] mayor buttigieg thank you, iowa. Thank you, Iowa Democratic party. Thank you, fellow democrats. [cheers and applause] mayor buttigieg the first time i came to this state was as a volunteer, to knock on doors for a president ial candidate, a young man with a funny name. [cheers and applause] mayor pete and we knew the stakes were high then. The stakes are colossal now. [applause] mayor pete this country cannot afford four more years of donald trump. We will not recognize it if he gets reelected. [applause] mayor pete we know what is at stake. And we know that hes going to do everything he can to hold onto power. But if you nominate me, his workook isnt going to this time around. [cheers and app
Engaging china in order to protect american the American Economy and defend the american workforce. They like those policies. The stock market, which is up about 20 year to date, which i would argue, by the way, is predicting Better Business conditions ahead. The stock market has benefited from these incentiveoriented, supplyside, marketdriven policies and they dont want to see change. When you get these votes and so forth and im not here to talk about the chronology of impeachment, but nonetheless, yes, i think the impeachment story in fits and starts has hurt the stock market. I think President Trump was right. I will say this. It is not my lane, but i want to say a couple things about his. Number one, having read that transcript of the phone call probably a dozen times, it just seems so clear to me there is no problem with it. Here is no legal problem, no impeachable problem, it was a congratulatory phone call, and with respect to our concerns about the military assistance to ukrain
Our Investment Committee here today. Pete, give me an idea of how the market has moved lately. 23 of the s p 500 at or within three percent of new 52week highs. Seven of 11 s p sectors within three percent of their high. We have made moves as we continue to kick around the question of whether we will have the breakout. And the negativity was pretty high. Going back to the time when we heard from the banks and then the technologies and semis, when you look at 70 that has reported, that says something about how negative everybody was and the surprise that this is. We were trading in ranges probably 17 to 19, somewhere in that range. Ever since the earnings have gotten better and people are getting more comfortable the deeper we get into this thing, look at where the volatility is. Its an amazing move that weve seen there. And we continue to see extremely. We talk about the at the end of the show, massive buying yesterday of all the different entities, the fxi, the qqqs. 250,000 yesterday
Power lunch starts right now taking a look at the markets. A bit of a mixed bag now back to the highs of the day. The nasdaq hitting a record level. The s p has yet to make its mark its still just barely sitting in the red melissa. The dow getting sent to new record highs to some surprising news on a dow component. Bob is at the New York Stock Exchange with the latest walgreens is reported to be exploring a potential going private deal with buy out firms. Thats according to reuters. This was halted on the nasdaq for volatility, not news pending. Its reopened up about 3 as for the broader market, a bigger break out may be near were only 10 of the s p at new highs. That could be about to change. Were seeing a significant number of stocks 2 or 3 below the new highs. Thats close enough to produce expansion. Big names shy of new highs discounters like walmart and ross stores. Home Improvement Stores like home depot. Some of this may be due to tax loss selling at the end of the month abating