Bounce back in the worth session in more than a month pete, i began with you he said the top of the market was on september 2nd, that the bubble has already popped. Were now in the midst of an enormous tech bubble ipo mania, extraordinary valuations and new metrics for valuation, the more fanciful an distant, it seeps the better the stocks performs. Is he right . Are we in the midst of an enormous text bubble, pete i think we are in the midst of certain sections of text that are definitely in a bubble right now, scott theres no doubt about that. We look at some of these names that have absolutely soared to the up side. We all know those names. Zoom would be the poster child you go across the board and say theyre in the right place at the right time but are they fairly priced or are they a little bit in that bubble area i think many of them are but right now, scott, its about growth and there has been growth and cash and last week we heard wre rick riether last friday and youre looking
Beat for alphabet. Spoke to the alphabet c. E. O. About the results. Ill give you the takeaways from that conversation coming up. Facebook beats the social s the covid her storm. 2021 might not do so well. Big word uncertainty. Earningsnating the calendar and on our show we also saw the results from amazon and twitter. Clobbered inng after hours trading. Well cover it all over the next hour. Abigail doolittle is watching the market moves from new york. Abigail, lots of different stories at play. Seeing . You incredible. Most anticipated day of earnings for any quarterback, at least we have some of the answers. Lets start out with the breakdown because were a tale of two stories. Relative to first apple and amazon. Well see declines. On the surface, they did beat adjusted earnings putting up 73 cents per beat by 4. 7 . They put up nearly 65 illion in overall revenue beating by almost 2 , but beneath the surface as you iphone tioning the sales disappointing, down 21 , and china sales wer
In san anselmo i had the right at freezing right below it this morning. So temperatures are frigid to start we have some very Cool Conditions. And you can expect those over the course of the next few hours. Im talking what to expect this afternoon still to come in your forecast, rob for folks heading into San Francisco. They can expect lots of heavy traffic at the bay bridge toll plaza. Yes sir line is getting longer but at least were hot spot free. So heres a live. Look you see all the folds stacked appear beyond 8. 80 back to the bottom of the maze. What we can see is an accident near the metering lights so after this camera shot theres an accident involving a big rig thats already off to the fly, but you know a little bit to stare at for folks in traffic so 13 minutes and growing into San Francisco, not bad 80 south and stevenson heading through fremont just getting word of a new injury accident. Thats going back you up into union city so its already slow with commute traffic now we
Facebook, twitter set to report quarterly results. More importantly get a little bit of a sense for the out look of what is a uncertain future. Well hear from some of the biggest names in american business. So lets get to it. Fox Business Team coverage. Lauren simonetti and susan li are standing by. Edward lawrence on the recordsetting Economic Growth i mentioned. Edward in washington. First we have the panel, lance ulanoff, geir i hry b. Smith gary b. Smith, scott, an erin gibbs joins us from gibbs wealth management. It will be a fun hour to go through all of this. Amazon is the big one. Amazons numbers are just coming out. In the Third Quarter, amazon already reported 96. 1 billion in sales in a quarter. That is comfortably above the analyst estimates. They were supposed to be up 32 1 2 it were around they blew through that, looks like. With a net profit of 6 billion. On the eps side, well get back to it in a moment. Comparable to analyst estimates. Then to lauren, probably, scott ma
It is impossible to say where he was infected but admiral ray attended the event at the white house a week ago on sunday. Even though the military leadership must work from home, there is no change to the operational readiness. Thats one of the people who carried the socalled football, president ial valet and two more staffers in the press office and now Senior Adviser Stephen Miller whos married to the Vice President S Communications director. All told of 24 people who have been at the white house tested positive. As for President Trump, hes recoopera recor recuperating in the white houses residence. His doctor released a statement saying the president quote reports no symptoms but even now the President Trump is suggesting covid19 is no worse than the flu. More people have died from coronavirus than the flu over the past five years combined. You dont get a pandemic that kills a Million People and it is not even over yet with influenza. It is not correct to say it is the same as the f