fourth quarter of this year. that s a full year earlier than expected shares popping on the news, giving a bit back. but nonetheless well into the green about 3.5% kate rooney following it in san francisco and has more tonight hi, kate. that s right, hey, scott, the big highlight from the call now. the ceo moving up the time line for profitability. our progress in 2019 and 2020 plans gives me the confidence to challenge our teams to accelerate our ebidta profitability prove to q42020. so moving the goal post there. some other highlights from the quarter uber losing money but not as much as expected. a better than expected eps loss a beat by 4 cents. on revenue moviely in line and full year losses for 2019 came in .1 million. gross bookings a miss. we saw decelerating growth rates and the ceo saying on the call as well any had a tempered outlook for gross booking for next year and the stock fell a bit on that. i got off the phone with analystis that s the reason for that
Continue in the markets, but a big story involves disney and 21st century fox, a story faber broke at the top of the nine and joins us once again. About one month after we reported on the talks between disney and fox, designed for disney to buy largely all the entertainment assets of 21st century fox, we can tell you now they are closing in on a deal that could be announced as soon as next week, according to people familiar with the situation. That is not to say it is done, but it is to say they have made a great deal of progress talking about a deal for which the consideration will be all disney stock and when you take in the assumption of debt and the equity that will be exchanged for the assets in question, it will amount to more than 60 billion, again according to people familiar with those negotiations. An exact price could not be determined at this point the assets in question include foxs studio, its fx and nat geo cable networks, Regional Sports networks, my first reporting on
Good morning welcome to squawk alley. Im Carl Quintanilla at the new york stock exchange. Markets obviously the top story. The nasdaq closes above 7,000 on tuesday for the First Time Ever to kick off the year s p crosses 2700 in todays session. For a moment we were within 100 points of down 25 k. For more bring in senior markets commentator who has switched seats here at post 9 big playbook, strategic thoughts, what are they. Ongoing sweetspot seems it has continued into 2018. Pretty much all these things working for the market, low volatility advance, yesterday a little more energy in the nasdaq, obviously getting above 7,000 with a percent and a half move whats interesting is you have these forces of Global Consumer boom animating the nasdaq nasdaq composite also almost 14 of s p 500 the top five stocks in the s p are the top five in the nasdaq thats actually a newish thing so its very new versus lets say 2,000. On the other side you have this cyclical reflation story working for the
Good morning. Welcome to squawk alley. With me at post 9, sarah eisen, mike santoli north korea firing an unidentified Ballistic Missile over japan last night. The first such projectile to bypass the island nation since back in 2009 our very own reporter is in japan now with the latest response well, like so many japanese here, we were woken up around 6 00 a. M. Local time with that latest launch coming from north korea triggering a nationwide alert. Broadcasters breaking into programming, warning of a missile passing through. Some residents in the areas in northern japan reported getting Text Messages on their phone urging them to take cover and others said sirens went off in the Community Calling on residents to look for a safe place. This is a missile that traveled well over 1600 miles passed over the Northern Island of hoe kkkao before landing in the Pacific Ocean. The Prime Minister abe con deping this saying he would make every possible effort to protect the lives of the japanese
Korea. General mattis and i communicate virtually every day, and we agree there must be the highest level of coordination between our diplomatic efforts and our military efforts you cant have a stronger partner than secretary of defense who embraces diplomacy, and i hope he feels he has the partner he needs at the state department this is just the beginning of the list of partners and friends across the government who are all working for the American People theres much to be done, and were just Getting Started to address a few specifics that have been erroneously reported this morning, the Vice President has never had to persuade me to remain as secretary of state, because i have never considered leaving this post. I value the friendship and the counsel of the Vice President and i admire his leadership within president Trumps Administration to address the many important agendas of President Trump both from a Foreign Policy perspective and diplomatic im sorry, domestic objective let me