President trump says hes only willing to go as high as 1. 5 trillion. Signs of the pandemic getting more prominent. The u. K. Reporting a Record Number of virus cases today. With more on how it is playing into the markets, Abigail Doolittle in new york. Tech shares going back and forth but tech leading the way out of the red. Walk us through the day. Abigail another amazing one, but probably more so than a reason days because of the whiplash. The nasdaq 100 at the lows early on, down 1. 1 . It was at one point, up nearly 2 . Just about flat and then closing higher by about 6 10 of 1 . What that volatility tells you on the day, the week, the month and on the year uncertainty. No one knows. When you have firm control from the buyers or the sellers that you can make the case between february and march, the sellers were on control around the uncertainty around the pandemic. The buyers took control but on the year, just about flat for the s p 500. It is a real stalemate as we go into the el
Police know what theyre doing and theyre going to follow leads and find her. The Surveillance Video believes a woman the family believes is the missing woman. On sunday, friends and family held a vigil, distributing flyers near the home. Mascalers is five foot five inches tall and weigh was last seen wearing red tennis shoes. Oakland police say theyre investigating this case. Anyone with information is asked to call their missing persons unit. In oakland laura anthony, abc 7 news. The Oakland Police department is operating today under the watchful eye of a new compliance director. A judge appointed Thomas Frasier to that position. He will oversee reforms. Frasier worked at san jose Police Department 27 years and served as baltimores police commissioner. Frasier will have authority to spend money and remove anyone from the department including the police chief. Muni taking heat for a surveillance of antimuslim ads featured on vehicles in San Francisco showing photos of islamic figures a
Spotify Slides After Saying Pandemic Will Hurt User Growth
Bloomberg 6 hrs ago Lucas Shaw
(Bloomberg) Spotify Technology SA started the year with slower user growth than expected for its streaming audio service, and warned its pace throughout 2021 could slip due to uncertainty related to the pandemic and the staggered reopening of society.
The owner of the world’s most popular paid audio service ended the first quarter of the year with 356 million monthly active users, nearly 6 million below what Wall Street analysts had forecast, and said it would end the year with 402 million to 422 million, also below estimates. Spotify shares fell as much as 11% in New York trading Wednesday.
Spotify Falls Most Since November on Guidance Below Views
Bloomberg 2/3/2021 Lucas Shaw
(Bloomberg) Spotify Technology SA fell as much as 9%, the most since November, after its full-year revenue forecast for 2021 missed average analyst expectations.
The world’s biggest audio streaming company expects revenue for 2021 of 9.01 billion euros ($10.83 billion) to 9.41 billion euros, it said in a statement Wednesday. Analysts expected 9.28 billion euros to 10.09 billion euros, according to a consensus compiled by Bloomberg.
Spotify said that while it remains optimistic about business trends this year, “we face increased forecasting uncertainty versus prior years due to the unknown duration of the pandemic and its ongoing effect on user, subscriber, and revenue growth.”