jon: new research suggesting twitter may have seen its best days, at least when it comes to the stock price. the social media giant projected to see much slower growth over the next few years. fox business network s jo ling kent is here now with more on this. we should tweet out this story, right? yeah, that s right, in fact, i just did, jon. [laughter] new projection from e-marketer are showing that twitter s era of rapid growth may be over. a study released yesterday shows the growth rate slowed from 19.4% in 2013 to below 10% predicted in 2015, and it also predicts it ll only grow by 6.8% by 2018 which basically means about 65 million americans or one many four people will tweet. now, you contrast that with facebook, facebook s already twice of that size of the twitter 2018 size now. these numbers are no surprise. this their first earnings report since their ipo to, ceo dick cost low said they need to make
unbelievable, isn t it? if you look at this situation, this sequester as you point out was supposed to be a knife sort of dangling over their heads. oh, my gosh that knife will be so big and scary that we will definitely get into a room and do our job because nobody wants that to happen. there is no better argument for the paralysis that exists on capitol hill than this sort of ridiculous set that up they put in place themselves and now they are terrified to have kicked in and they say they can t get together and accomplish anything. i think it s just unbelievable. reporter: it is unbelievable. it s important also, martha to realize how we cashing rise this sequester. it s always character raoeusd as acrosed as across the board cuts that will be devastating and draconian. it s also important to note that it is cutting the growth of spending. while that is characterized as cuts here in washington, it s still growing. for example the pentagon budget goes from 19.4% growth under the pre
it is important that people know when you hear this is massive across-the-board cut this is cutting gross. the pentagon budget would grow by $10.5 in the next decade to 19.4% by the budget this year. you get to a baseline budgeting that we talk about. people don t us it. you are cutting the rate of growth, not cutting, cutting. this is what the cbo says it will look like. spending even with the sequestration which is $1.2 trillion in spending restraint in the next decade the spend willing go to 5.9 billion. so we will grow the revenues by $2.1 trillion but we will grow spending by $2.4 trillion. wen the sequest tration cut and the budget deal that cuts
average. this morning s first read, i love the elkhart project. you know what always happens with these things, the president says it and we forget about it. this is a nice way to track through. how is elkhart doing? is obviously we have our re-elected president of the united states. is it because it was the unemployment rate 19.4% in elkhart. december 2012, 9.3%. a little bit of a manufacturing rebound. now, still, 9.3% is above the national average. this does tell the story of the economy still being the biggest story that s out there and really kind of underreported almost. it s been under the radar, let s say, because guns and immigration very true. has picked up to be the main things that the president needs to talk about in the first six to eight months of his second term, but the economy still very important and going to and
their currency at a better position. they ve become the major manufacturing center of the world. they ve overcome us. with we used to be number one. now they are the second biggest economy in the world. [ talking over each other ] responsible for 19.9% of the world s goods for the past 110 years we led and last year weรง had 19.4% with we dropped below them. yeah, we are going down, they are going up, no question. heather: lack of regulatory transparency, currency misalignment and closed capital account. anything else? there s the issue of human rights. they can they have no wage standards. there are no unions essentially. they can work workers as long as they want.