4 billion. We will be joined by disney ceo bob iger. First, we are talking about twitter, the first Earnings Call as a public company, the news not so great. Net loss of 511 million, their net revenue more than doubling. User growth is slowing down. Million active users in the Fourth Quarter, up 30 , but slower than the 39 growth in the prior quarter. Us twitter usage also declined. What does this say about twitters business . Roundtable,ecial contributing editor David Kirkpatrick in new york, that as well isac coleus, editor at large cory johnson. How does this add up, timeline usage dropping, but growth is slowing down . User are seeing slower growth, and uptake and how much revenue they are getting from users, not dramatically, slowing growth. I think what we saw, if you want to sum that up is user engagement. How much are people using the medium . Solid. Bers dont look they dont look like the explosive growth of the stock valuation, and that is worth talking about. You and i use tw
The roadmap begins with the markets looking to recover after logging their worst february start since 1982 for the dow and for the s p. Michael kors trounces estimates while jcpenney reports its first quarterly samestore beat in years. The parent of kfc, pizza hut and taco bell adds its recovering from the lingering fallout of food safety concerns in china. And apple is reported lie by the wall street journal and quietly laying the groundwork for a vast internet infrastructure capable of delivering a lot of data and content to consumer. The dow tumbled 326 yesterday and growing concerns of a weaker u. S. Economy surrounding emerging market worries and the nikkei down 42 overnight and the worst loss in nearly six months. That index is down i think 15 for the year to date, jim. Rough, rough. Terrible. When i see adella, your man might be in there. Your man, no one knows him very well. Exactly. Were out of data. Weve had nothing but notsogreat data. Its going to snowstorm tonight and this
Expiration. Bill, the question which well get to in one second is why. So here is where we stand in markets right now. The dow is up 161 points. The s p 500 adding about 18 to 1854. If we hold, there will be a new record closing high. The nasdaq up 40 points above the 4,300 level at this hour, bill. Lets ask that why question you posed. Get to our closing bell exchange. Our round table includes Patti Edwards from u. S. Bank, Quincy Crosby from prudential financial, anthony chen from chase and our own Rick Santelli in the windy city as well. So, patti, why is the market up as much as the dow was up 190 points at the its peak today. Why is the s p near alltime high territory . Were getting through earning season and 75 of the reports have been better than expected. You add to that it looks like weve got a little bit of resolution in the ukraine and the fact that people had been taking money off the table and its time to get back in. I think people are just going where the best deals are
15,597. Volume also picking up at the end of the day. Nasdaq gave up 75 points. Technology has been rolling over lately. Certainly the big momentum players at nasdaq, 3857. Last trade there in the Standard Poors index. Bob pisani with all the lowdowns and the high notes here at the big board. Over to you, bob. Twitter did okay opening at 45. 10. But it, too, sold off in the last hour, maria. I dont believe we made 45. 10. Lets put it up there. 45. 90. Closing below the initial price there, 45. 10. The major indices, dow held up better than anything else. Composite in the nasdaq and transports down 1. 4 . Breadth was terrible all day long. Volume was on the heavy side. We may do 4 billion shares on the nyse. Fairly broad selloff. Look at some of the major sectors. Airlines down. Semiconductors were to the downside. Retail stocks. Consumer staples as well as financial. Thats a broad decline. Momentum stocks have had a tough week overall. So some of the major names here like tesla, yelp,
Months. We try to uncover whether this Company Actually exists. And microsoft ceo such in a della outlined his companys strategy in a memo to employees. He says that organizational challenges are needed as microsoft focuses on mobility, cloud, and mobile. Pc sales are down, and tablets sales are starting to fall for the first time ever. Amazon asking the federal Aviation Administration for special drone testing permission. The ecommerce giant says its drone scanned flight 60 Miles Per Hour and they want to test them outside the federal governments current restrictions. This is to speed up a plan that would deliver packages to your door via drone. This literally just happened. What exactly is amazon asking for . Amazon is asking the government for leeway in terms of how it is testing the use drones jeff bezos was to use for delivering packages. So right now, the testing of drones is centered on a few areas. Amazon is saying let us do it in our own backyard, if you will. Youre talking ab