And lets get a check on the markets. Stocks are higher hitting record highs again today and get this, the dow on track for its best week in nearly five months there you see the industrials basically flat never the less higher. Welcome, morgan. How are you . It is great to be with you this friday afternoon. Record breaking rally has been led by the biggest names google join iing microsoft in te trillion dollar club for more on that impact from those megacap stocks and what theyre having on the market, were going to go to seema hey, morgan, the reason we care about these milestones is because alphabet and microsoft and apple collectively make up about 13 of the s p 500 and all three are sitting on gains for the year really setting the bar high for earnings this season. Now evaluation metrics for these three Tech Companies shows that alphabet is the only one trading at a discount to its five year average of 34 times earnings microsoft apple are both trading above their historic pes with a
Come up, excluse of ive insightm jamie dimon and ray dalio. Shares of uber, theyre sinking on continuing losses, more than a billion dollars in the Third Quarter. But the ceo predicts profitability within two years. And done everything right goings new chairman backing embattled ceo Dennis Muilenburg of the max crisis. Uber, shares falling stocks now 35 below the ipo price in may yesterday on closing bell, the ceo said he sees profitability as david said for the company in 2021 it was a very significant beat on the top line in terms of Revenue Growth accelerating and the bottom line. We increased our 2019 midpoint of our guidance and ebitda by 250 million. Ill tell you, while we havent finalized our planning, and it is going to take a lot of hard work from a lot of folks, were targeting 2021 for adjusted ebitda profitability full year sort of echoes of what lyft said last week street is mixed on this. I saw price target cuts and raises today. You got rbc saying that there is 1. 7 billi
A bit of a mixed bag. Employment growth decelerating. It is consistent with some slowing. The economy is slowing. The manufacturing slowdown is continuing. But it is happening at a very gradual pace. We are slowly pressing on the brake here. It is not a falling out of bed moment. It is not a flashing red, the economy is falling off a cliff number to me. Definitely falling off a cliff. The market is not doing anything. The market is priced in for an october rate cut. We have to pencil in a fed rate cut in october. For those looking for a decisive message, a deterministic one, they did not get it. Jonathan joining me around the table to discuss in new york are our guests, oksana aranov, lisa hornby, and Gershon Distenfeld. Guys, i want to begin with what changed this week for all three of you. Did anything change for you, oksana, this week, given the data we had . Oksana nothing has really changed on the economic backdrop. We did have some weak numbers there, but an ontrack jobs number a
Employment growth decelerating. It is consistent with some slowing. The manufacturing slowdown is continuing. But it is happening at a very gradual pace. Pressing on the break. It is not a falling out of bed moment. It is not a flashing red, the economy is falling off a cliff number to me. Not falling off a cliff. Not enough to do anything. The market is priced in for an october rate cut. We have to pencil in a fed rate cut in october. For those looking for a decisive message, a deterministic one, they did not get it. Jonathan joining me around the table to discuss in new york are our guests, oksana aranov, lisa hornby, and Gershon Distenfeld. I want to begin with what changed this week for all three of you. Did anything change this week given the data we had . Oksana nothing has really changed on the economic backdrop. We did have some weak numbers there, but an ontrack jobs number and an upward revision for august. We have been on this trend for a while, where revisions have been up.
Chairman of the Communications Committee with us today plus u. S. China talks back on for next month, what are the conditions the president is looking for, to seal a deal between the two nations well talk with Peter Navarro one of the president s trade advisors plus just developing right now, one former republican lawmaker and governor announces plans to challenge President Trump, in the gop primary all that and more as we look ahead right now on sunday morning futures. And the peace deal between the u. S. And taliban to end america s longest war now in jeopardy just days before september 11. President trump announcing that he canceled todays peace talks with the militant group and afghan leaders at camp david that was supposed to happen it was a secret after the taliban claimed responsibility for a car bombing that killed an american soldier, and 11 others last week the president tweeted this, this morning. Unbeknownst to almost everyone the Major Taliban leaders and separately the pr