Emily but first to our lead and a bloomberg scoop. Uber has a new number two. The worlds most valuable startup has named Barney Harford its chief operating officer. Harford is the former ceo of the Online Travel site orbitz. He is the secondprofile hire by the uber ceo. He has worked for and competed with khosrowshahi in the Online Travel sector. And it is an interesting move considering the other uber news out wednesday, the european top court has officially rolled the service should be regulated as a Transportation Company rather than a digital company. The ruling is aimed at uberpop which allows people to pick up passengers, the equivalent of uberx. We spoke with the capital managing partner from london along with Bloomberg Technology partner eric newcomer. Eric he has a long history with khosrowshahi. I think that is definitely helpful. This is sort of a loyalist you can bring in, a trusted hand. So i think that is part of it. Barney did a really good job at orbitz. It was a debt l
Exchange to fail. Its not a Merry Christmas for apple. Analysts have lowered iphone x projections for the First Quarter citing weak demand. Say 10 million fewer units will be sold in the First Quarter of 2018 compared to the current quarter. Worn cs shipments falling by 5 million. They blame the high price and lack of innovation. Lets give you a feel of whats going on here. And a few other elements are playing out. Australia and hong kong are closed. We did see quite a bit of pressure on selective chinese companies. The nikkei was lower as well. Turkish stocks having an astounding rally. S p futures unchanged. U. S. 10 year, 2. 48. Across in the commodities space, some important moves for wti. Had u. S. Rigs not adding anymore. Is at 1000 children 78 an ounce. Its not a Dollar Strength story. A little bit of anxiety coming from the catalog election. We have a few other elements as well. Dollar yen up. Currently that level is still a sixweek low. Policy getting back into focus for inves
Good morning and welcome to squawk alley. Carl and jocn have the week off. They will be back though joining us this morning as well, walter isaacson. Nice to have him this morning. And a lot to talk about. More red flags for facebook, twitter and other social flat forms. For example this time for former president barack obama in an interview with prince harry, obama warned against the irresponsible use of social media. Take a listen. The dangers of the internet is that people can have entirely different realities. They can be just cocooned in information that reinforces their current biases the truth is that on the internet, everything is simplified and when you meet people facetoface, it turns out they are complicated. People are comply it ca llic apparently thats what we hear. Twitter and social media and facebook and Everything Else, the question is about regulatory in particular sort of come to mind, not to mention of course the meddling by the rush shacsin the election in 2016 and
S p reclaims 2100 a lot to look at including coke and yahoo. Europes relatively mixed, oil is lower as the kuwaiti oil strike has now ended. But first up intel announcing plans to cut up to 12,000 jobs, about 11 of the work force, weaker demand for pcs ask that exclusive coming up in just a couple of moments. As we said we brought in jon fortt to lead this interesting quarter and interesting plans now for the future. Its really interesting, carl, because we just saw ibm report a quarter where they talked about weakness in latin america, particularly brazil doing some cuts overseas. Now intel coming in saying the pc market is weak, but also the Data Center Enterprise demand was weak, its cloud demand thats stronger. Makes you wonder overall when it comes to the end user whether that end user is sitting at home or in a business or even at a data center that the business controls, what really is happening to demand for devices that run on intel chips. Of course stacy smith, cfo is going t
Still have some value in them. 2014, of course, marks cnbcs 25th anniversary. Earlier this year, we revealed our list of the 25 rebels, icons and leaders who had the greatest impact on the world of business, commerce and maybe even culture over the past quarter century. Now were going to turn to the future with our list of 100 who we say will have the biggest influence over the next 25 years. First to one of the great influencers, sue at the nyse. Oh, thank you, ty. All right. Well, we have record intraday highs for the Dow Jones Industrial average. The dow transports and the s p 500. So its starting out to be a very strong day. But oil is really the thorn in the side of the market. It continues to be under pressure. Right now we have west texas intermediate off just about twothirds of a percent. And ice brent crude looks like it may go positive. It just hit unchanged. Opec is slashing its demand forecast and outlook for prices ahead. Oil plunging more than 20 in the past three months.