Welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan an jon fortt at post 9 of the New York Stock Exchange a flat market today but a lot going on we have a lot to get to with our first guest, pinterest moving lower, amazon with a judge temporarily lock bblocking jedia lawsuit. But roku up. Yelp going the opposite way. Mark mahaney joins us live from San Francisco. Happy friday good to see you. Happy valentines day absolutely. Lets start with roku. Your title is stream it loud, stream it proud. Yeah. Whats the important dynamic on this name right now right now its active accounts they grew 4. 6 million, more than theyve ever added before. I heard jim cramer saying earlier today people shouldnt be surprised given the streaming wars people are somewhat surprised. This is a company that can sustain premium, i think 50 ad Revenue Growth for the next several years. They generated about 700 million in ad revenue last year. I think thats less than 1 or just around 1 of total tv adv
He dont deserve that. My mother was not there. Reporter she was ready to take the stand friday afternoon in oakland, in defense of her younger brother, 22yearold byron o. J. Reed. Prosecutors claim reed was the getaway driver in the new years eve laptop theft that claimed the life of an engineer that tried to get his laptop back. He had nothing to do with any of this. Reporter Oakland Police say reed was the getaway driver for javon lee. Police say he burst into the starbucks monday morning and snatched the laptop. Witnesses say he tried to get to the car and was dragged on his 31st birthday. This is not a mistake my brother would not make. Reporter Court Documents show that both men are convicted robbers, stemming from two cases in San Francisco. Whats more, prosecutors say reed served prison time for a robbery in 2017 and was out on parole. I dont understand how my brother got wrapped up in this. Reporter everywhere you turn here in montclair, people are talking about public safety.
His cabinet. Caroline. Us bring in about psa. T ask you what do we expect to hear from the board . How quickly will the acquisition happen . Groupne we have the psa Board Meeting this afternoon. Signing and mo you by the end of the day. Sources, to bloomberg one big obstacle has already been removed. A stake owner is backing the mou and this is key. Remember in june, the state backer was responsible for making the merger between fiat and. The future governance of the new entity and the synergies between them and the psa group. To remainthe chairman chairman of the new entity. Expect also the psa group to have six seats on the board. We expect the entity to be based in the netherlands. It will have offices in new york, paris, and milan. To access the u. S. Market with chrysler and jeep. However, two legal obstacles remaining. One with italian authorities and the other with chrysler being accused by General Motors of bribery. The company has denied wrongdoing. Anna thank you very much. M
Into 20 20 into an effort to counter the u. S. Shale boom. Italy agrees to cut budget plans to fit your rules but the lock conflicted still over who should be president. Welcome to the program. The European Equity markets opening up in 29 debts. Lets have a look at pictures. After positivity, a slightly different picture. We are expecting to see some modest gains at the start of the trading day. To theyoking at the gmm were closed yesterday and they in reacting to developments the truce in the trade conflict between the u. S. And china. More mixed and we do have weakness coming through in a number of emergingmarket currencies, certainly in korea. That is part of the story. It would be difficult to follow on from the bullishness. A new record high on the s p. President trump says talks with china have restarted. That was a positive story. Details from the u. S. To we will get that story. U. S. Equity yen and futures and treasuries a little bit. Dollar andge in the the trading day. Lets
Haidi welcome to daybreak australia. Im haidi stroudwatts in sydney. Annabelle im Annabelle Droulers in hong kong counted down the ages major market opens. Shery im shery ahn. Ourstories this hour. Market gets a reprieve as fresh data has back bets on another rate hike this year. Tech stocks and treasuries are rallying. The dollar is weaker. In the Sam Bankmanfried trial, prosecutors say the ftx cofounder is a calculated criminal that lied of the world. U. S. Futures coming online in the Asian Session under a little pressure after we saw ux u. S. Stocks gaining ground and the s p 500 finishing around session highs. The nasdaq 100 outperforming gaming 1. 5 in the new york session. Perhaps, not surprising given we saw treasury yields back down with a rebound rebound in the bond market with a 10 year yield headed towards 470. We had dated today coming in weaker than expected. The adp private payrolls numbers added the fewest number of jobs since 2021. So perhaps, thats a little sign of a