Travis kalanick is out as investors try to move past scanda scandals jack ma on why globalization is good david will sit down with him Martha Stewart shares her take on the state of retail the media mogul is going to join us live. First up, Travis Kalanick is out as ceo of uber bill gurley this morning, big investor in uber said books will be written about kalanicks entrepreneurship and few have changed industries the way he has. Yeah. Adam lashinski wrote a fantastic book fortune writer that came out four weeks ago about kalanick had he to break billions of eggs to make a couple of really fabulous omelets its almost as if i dont want to say his job was done, but i would say that you got in there and it wouldnt be so bad to have a more a lesser addict story. Personal tragedy you have to weigh this i think obviously the people got an image of what the company was like inside that was a little bit distressing. Listen, this guy did it. And i dont think theres enough good being said. I kno
After years of bleeding red ink. At one point the companys founder and Ceo Jeff Bezos was the richest man in the world and then he wasnt. Thats because the stocks fell. Amazon earned 40 cents a share. Good but wall street wanted 1. 42. The big number jump 25 to 38 billion in the quarter. Shares initially fell following the results. Deidre bosa has the maybe takin away for investors. Reporter its profit engine is slowing as the Company Continues to spend big. Aws has become the most profitable business segment for the entire company but over the last now nine quarters growth has been decelerating as microsofts rival business azure has boomed. Amazon continues to invest in new markets like india and new businesses and products. That may not matter to investors. Amazon and jeff bezos are known for making bold investments even at the expense of profits. Looking forward, investors will want to know when and how those Big Investments will want to pay off especially how the whole Foods Acquis
Recently, good afternoon, everybody, stocks are steady, a couple markets are minuscule amounts lower as you see the dow and s p. Nasdaq up onethird a point. A ton of households names hitting record highs in todays session. Priceline, alphabet, home depot, lowes, and netflix among them, and take a gander at goose. The stock soaring today, and right now, canada goose making the pricey coats, shares up 30 there, up 3. 50 at 16. 29, michelle. Im michelle carusocabrera, this is whats happening at this hour. Mortgage rates hit the highest level of the year, freddie putting the 30 year at 4. 3 . U. S. Airlines saw a Record Number of passengers last year, 823 million in all. Thats according to new data for the transportation department. President trump hosts the irish Prime Minister today at the white house, brexit and immigration on the agenda. Stocks struggling to gain traction as theres a breather from yesterdays rally. Heres the money question of the day. How much of the rally is because o
Get ready for more fed speak at home. Our road map begins with the president. No pullback despite the near daily drama in washington. New this morning, Electronics Ban targ it eieting flighting from muslim majority count countries. The president takes a visit to capitol hill, selling the Gop Health Care bill ahead of the vote on thursday. Stocks continue to show resiliency. The nasdaq taking aim at another interday high after four Straight Days of gain. The dow and s p up. S p is up 11 since the election. But the nasdaq put together three gains of less than a point. Yes. Which hasnt happened three times in a row since the 90 s. Closes at 5900 or 5901. I mean, it obviously tells you, maybe not that much going on, but also a coiling effect potentially. Youre seeing the volatility indexes and Everything Else looking like, you know, sort of the movement has been this offsetting action. At some point, no broad selling pressure. Really, something is working to keep it supported. It is amazin
But first we start off with major car trouble. March auto sales implying americas longrunning auto boom could be coming to a screeching halt. Phil . It may not be a complete stall. But this is certainly not good news for the auto industry. Take a look at the numbers for march. The sales rate was 16. 62 million. What were showing is the annual sales over the last six years. Last year hitting 17. 6 million. 16. 62, by the way, that is the lowest Monthly Sales rate since last june. If you look at what didnt sell as opposed to what did sell last month, down 1. 6 . May not sound like a lot, but its down 1. 6 . Cars continue to be a weak spot, down 10. 6 . Trucks and suvs, hanging in there with an increase of 5. 2 . The automakers are quick to point out that they cut back on their fleet sales in the month of march. Thats part of the explanation for why we saw weaker sales out there. But on the other end, youre seeing rising inventories and at the same time dealers across the country are all