Landing at 50. 79. Visa reporting a better than expected increase in earnings. Higher payments and the acquisition of visa europe helping results. Trading was choppy after the bell. Visas full year Growth Outlook was light of estimates. Stock lower by a quarter of a percent. Twitter planning job cuts that could be announced this week. The social network could terminate about 300 people. Thats the same percentage it cut last year when cofounder jack dorsey took over as choef. The news comes amidquestions about whats next for twitter. Bill miller was on Halftime Report yesterday. What twitters needs is an activist. I think an activist could make a difference there with respect to being on the board. That kind of thing. You have done a lot in your career. Maybe its time for that. No, not me. Twitter announcing it will change the release time of results to before the market opens on thursday. Originally it was scheduled to report after the bell on thursday. It wants to avoid conflicting wi
Desk where Ramy Inocencio has more. We are seeing green, but the nasdaq, just in the past few minutes, it has slipped into the red, and it has been falling over the past three or four hours or so. The dow is up one third of a percent. Past thee this go 18,000 mark, and we are off of the session high. It on over top see where the s p actually traveled throughout the course of the day, and this is where it is actually, this is a snapshot of where our last record high for the s p was back in may of 2015. You can see how close we are to that, just 7 10 of a percent away. For 2130 and some change, so were going to see where we go today as well as few days if we can hit that. And come to my bloomberg terminal. I also want to show you a snapshot of the s p sectors, and it has been a pretty much broad rally throughout the course of today. Energy has been the biggest leader throughout the course of the day, 2. 3 is where it stands right now. Telecommunications is the second biggest leader. On t
Driving . I am david westin. Has been at the heart of american business. For most of the time, it was a dominant force. It was number one in the s p 500. Foreign competition, crippling pension costs, leading to gm going bankrupt in 2009. It emerged a much different, leaner company. We travel to detroit to see where it is going. We want to learn from mary barra and her lieutenants about the changes they are making and if they are the right changes. Mary we are most part of the that ared crossovers the best we have ever produced. , gmc, ourand cadillac brands in china as well. Every segment we compete in, we want to win. I would also say were looking at ways to grow the core business. With gm financial and service parts, those are just two ways we can continue to grow the core business even in developed markets. It is a transformational time in the auto industry. We know that people are going to have to figure out how to get from point a to point b. You see General Motors taking a very p
Hours. Stocks are rallying today. At the markets desk we have the latest, right, ramy . Ramy right now we are off of that. 17 981 is where we stand, up one third of 1 . Up about 4 10 of 1 . Marginally up there. Let me take you on a bit of a tour over the course of the day. You can see generally speaking that we are headed in an upward strip upward stretch. Hitting in the 1 00 p. M. , 1 30 p. M. Timeframe, you can see it is down right now. Pointing out this number right here, where we are right now, inching closer and closer every day for the past two days to the 2130 marc, the record closing high. We will be watching to see we can get that. Maybe not today or tomorrow, but potentially soon if things continue to go on. In the meantime, what is actually pushing equities higher . Biggestequity, the gaining sector right now. Oil crossing pass the 50 per barrel threshold, impacting some of the biggest percentage gainers. Up with ug and marathon oil on the order of about four point 5 . Also
Driving . David hello, gm. For more than a century into the heart of american business. It was a dominant force, the number one car company in the world, the largest u. S. Employer. Number one in the s p 500. But then came a host of problems. Foreign competition, inferior products, all leading to gm going bankrupt in 2009. It emerged a much different, leaner company. We traveled to detroit to see for cells where gm is now and where its going tomorrow. We wanted to learn from Ceo Mary Barra about the changes they are making and whether they are the right changes. Mary one of the things we are most proud of is the crossovers we are putting on the roads. They are the best weve ever produced. And continue to build brands. Both chevrolet and cadillac and gmc, and then our brands in china as well. Segment we compete again, we want to win that segment. Are looking say we at ways to continue to grow the core business. , after sales,ial that is two ways to grow the business. Is is a transformat