A Top Hedge Fund manager says theres a clear consensus that we are in a tech bubble. In his letter to clients, David Einhorn says companies he is betting against may fall at least 90 if and when the market applies traditional valuation. He writes certain cool kid companies and analysts are pretending that compensation paid in equity isnt an expense because it is noncash. At ts profit dropped slightly in the first quarter. Revenue was up 4 thanks to a growing wireless business. The company added 625,000 monthly subscribers, up from 296,000 from a year ago. At ts next program which allows customers to make Monthly Payments on phones rather than signing contracts allows the company to pay less in subsidies. Amazon is apparently taking a sales hit in states that collect online sales tax. Researchers at ohio state say households have cut their amazon spending by about 10 in states where online sales taxes are collected. Amazon sales of items over 300 have fallen by 24 in those states. Now,
In ukraine mass protests soon could be broken up. The first social supermarket selling cheap food to locals on benefits. We begin in syria where Government Forces are claiming control of the west. It means that they control the only supply route from Northern Syria to the south. Reporter the desperate fight to defend one of the last bastians. This is the mountainous region that runs parallel to the border with lebanon. It has been in rebel hands for almost a year, but they have been forced out by a strong counterattack. Over the last three weeks it has fallen to syria forces. They take over the major supply routes. The only significant area left in rebel hand is a town that is surrounded. The rebel fighters are led by groups of alqaeda, but they are also led by the free syrian army. Both have taken heavy losses. On sunday, a top ranking hezbollah commander was among the dead. But it is not just armed fighters being killed. There are reports of a string of atrocities committed against t
In a tech bubble. David einhorn says companies he is betting against may fall at least 90 if and when the market applies traditional about uh and traditional valuation. Ime was are pretending intention paid in equity is an expense because it is noncash. At ts profit dropped slightly in the fourth quarter. Undermpany added six 25,000 monthly subscribers, up from 296,000 from a year ago. The next program which allows customers to pay on phones rather than having a contract. Amazon is apparently taking a sales hit. Saysrchers at ohio state household of cut their amazon spending by it by about 10 . Amazon sales of items over 300 have fallen by 24 . U. S. Supreme court will be hearing the argument today what could be when the most Important Media cases ever. American broadcast companies against aereo. Ereo uses tiny antennas to broadcast signals to subscribers without paying for it. Network say this is Copyright Infringement since they are receiving no fees. Aereo claims they are not subjec
This comes on the heels of the down side we saw yesterday with a loss of almost 200 points. We will get to all of it, including the weak data that came out of china yesterday that is scaring people today. Another headline we are following, in colorado,. This is huge. This is what they need to be legitimate. This is a Seismic Shift in thinking regarding marijuana, access to bank accounts, and access to lines of credit. Are the banks concerned they could be unwittingly engaged in criminal activity . A lot to cover. If the treasury says this is ok, it will be a big deal. Also, how the Biggest Technology companies spot big trends and hedge against future competition. Lets get to the markets. Havehe entire hour, we very ritz holds barry. Also, hans. You know a thing or two about Global Markets and what is happening as we speak. He has served on the Steering Committee of the private Investor Committee for greece and was the cochairperson for argentine bondholders. Barry, what do you think is
Exemplary fashion. All i can say is you are on the inside, you are proud to be there. We are making progress. We demand a lot. We have benefited enormously from the american population. They operate without being known in what they do. Their families often have no idea what they do or how the ark into bidding to our wellbeing. I come back to strategic focus. Follow those two and we will be in great shape. I hope the way forward and looking down the road that our National Leaders in the future prove themselves to be as capable of using our Intelligence Community as they are capable of serving the u. S. I would be pleased to take questions if we have time for them. [applause] one of the things that i think disturbed most people with snowden is how a low level contractor could have access to the information that was damaging to the country and what steps are being taken to prevent that . Yes. Did everyone hear that question . The inadequate answer is that he was a program administrator. J