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June 20, 2024
Investors may be losing patience with the spend first strategy. Shares are tanking in after hours. Winning me in the studio is cory johnson and our Bloomberg News reporter who covers amazon. And a bgc partners technical analyst. Colin, shares are down almost 10 . What is your take . When the shipping is free, the profits dont come easy. Quarter forugh amazon and you are seeing a new pattern developing in 2014. Quarter, thent the stock has been trading often used to snap right back. It has been s...
June 20, 2024
Spoke with Bloomberg Intelligence analyst anand srinivasan, and starting by asking if apple should be worried about the ipad. The ipad were meant to be weaker than expected theres a product refresh coming. Been getting sale. So tablet growth has been slowing. People are starting to figure it out. Theres a phone with larger screen, pc that can do a lot. And this stuck in between. The pad refresh. Sort of helps reinvigorate that trend. I think that there are a lot of things interesting. The quarte...
June 20, 2024
Industrials all playing a role. American expresss profit rose more than 8 in the Third Quarter. Customer spending increased. Sales were flat in the quarter. More than 8. 3 billion. The company has been working to expand its reach by terming teaming up with mcdonalds and apple and other Tech Companies for digital payments. The Usled Coalition is stepping up air strikes against Islamic State targets. 18 strikes carried out today during the town of kobani. Militants are trying to capture the u. S. ...
June 20, 2024
Economic realities hitting home for more than 40 million american families. A new study out of Harvard University finding that 35 of u. S. Households cant afford their current living situation. With me now, the wall street journals veronica dagher, editor of power trend profits. And Dominic Tavella of diversified financial. Thanks to all of you for joining us. What that means their rent or their mortgage consumes 30 of their monthly income. This is huge. This is 40 million americans. For a lot o...
June 20, 2024
Chance. How do you regard it . Unlimittd but they are giving unlimited but throttling the data. What does that mean . Gerri that is not unlimited, if theyre throttling i cant use data so what is the point of that. Just allyoucaneat, not as fast as you can eit. That is what shaping here. Gerri i dont understand that. To be fair at t, theyre not only ones throttling data. This is something that happens for high bandwidth users. Here is the thing that is interesting, most people use well under a gi...
June 20, 2024
Sales figures continue to rise. The auto giant still plagued by ongoing recall issues, falling short of wall street expectations last quarter and more problems laying in wait with gm with 400 million slated to go to the victims of its faulty ignition switch. With me our very own Charlie Gasparino and tracy byrnes. We have james frishe lynn as well. James, let you go first. What do you think of all the gm news . The brand loyalty and customer loyalty, is amazing. 13 deaths and melissa sales haven...
June 19, 2024
Emily im emily chang in San Francisco and this is bloomberg technology. Coming up, it is a date. Apples next big product unveiling is set for september 7 according to bloomberg sources. Details on the new mac, ipad, and iphone. We will see plus, metarolls out its old playbook for a new round of midterm elections. We talk about whether it is enough to fight the latest trends in misinformation and disinformation. And record revenues in shipping, but seeing a slowdown. I ask a ceo if he shares that...
June 19, 2024
Change of heart and Islamic States. K coming to the aid of kobani. U. S. Has been pressuring turkey to help aid the kurds in kobani. To south africa, where Oscar Pistorius has been sentenced to five years in prison for killing his girlfriend. His lawyer says he must serve 10 months in jail and then could be sentenced to house arrest. He was convicted of the equivalent of manslaughter. He killed his model girlfriend, reeva steenkamp, when he fired four shots into a closed bathroom door. In russia...
June 19, 2024
Google executives. We will look into how the terminal could benefit with Tech Companies in Silicon Valley. To the lead. The race to ruby connected car. Apple announced a new progress carplay. Gram called it will allow certain iphone features like getting directions, and music, making calls to appear in a cars builtin display. Thisll be showcased in select mercedes, volvo, and foerr ari models. Jon erlichman is in outlay with more. How exactly is it going to work . I think theyre just trying to g...
June 19, 2024
In the meantime, four dozen people have been cleared at risk for ebola, or they will be today. They had all come in contact with Thomas Duncan, the man who died of the disease. Exposure is being blamed on current protocols. New guidelines are on the way for hospitals. Clearly, when you go into a hospital, having to intubate one of the things is going to be complete covering with no skin showing whatsoever. Thate dallas hospital treated Thomas Duncan says it followed cdc safety procedures. Shares...