Well who just slipped into the studio in the last few seconds, giving my producers a heart attack. Along with Director Institute of new economic thinking marshall your back. Thanks for joining us. David is probably out of breath so marshall, i will start with you. [laughter]. What do you expecting for twitter . The stock has gone absolutely hammered. Will they turn that around . Look i would think that the market is efficient discounting mechanism as we all like it think it would be, i think most of those bad expectations are already in the share price. So i suspect a case of sell the rumor buy the fact. Melissa david, what about you . It is clear user base is not growing. Revenues are growing okay but the user base is not growing. I think people are getting tired of reading what other people is important. Melissa not getting tired of charlie. Charlie is different. Perfect vehicle for charlie but millions other people that are on it, i think people are just seeing there is endgame here
And business easier done with shrimp than soybeans. Lets go to su keenan for headlines. Su . Herbalife stock is falling in the afterhours trading, down more than 10 . The Company Posted secondquarter profits that trailed analyst estimates as Sales Volumes declined. The net income fell 17 . It missed analyst projections. Meanwhile, Darden Restaurants ceo Clarence Otis will step down as chairman and chief executive officer. Otis will continue to serve as ceo until a successor is appointed. Last year, darden drew the ire of investors when it proposed selling or spinning off red lobster, a seafood chain which has suffered from declining sales. And zillow has agreed to purchase trulia for 3. 5 billion in an all stock deal. And those are the top headlines. Back to you. All right, su keenan. Thank you very much. Herbalife is a stock that bill ackman called a ponzis scheme. It missed wall street estimates. Wall street got that one wrong. The stock is down sharply in afterhours trading. Joining
They accuse me, the federal government, that i stole one Million Dollars from these lowwage workers. They call it wage theft, and the Restaurant Industry is one of the worst offenders. Every year, it amounts to billions of dollars taken from paychecks of the very lowest earners. I dont want anything extra. Im willing to give more than enough. Im willing to give a hundred and twenty five percent just to be able to get a level playing field. This week on fault lines, we look at what it means to have a job when getting paid what youre owed is not guaranteed. I mean, at what point does it stop . Whos speaking for us . Whos going to speak for us . The us is now a lowwage economy. Tens of millions of people in america are currently working lowpaid jobs many of them are based here, in florida. In this state, one out of every ten jobs is in a restaurant. Weve come here to investigate what recourse workers have when they dont get the wages they earned. In the center of miami beach, davids cafe
Lets get to a data check. We look at stocks and bonds, what a churn before the economic data. Futures negative two. The euro begins to weaken. Major cross asset series. The six, well under. Eight to 10 spread. Like the german yield that adam spoke of, this shows some of the flatter yield curve. Her dose co gold elevated above 1300. What a complex. Is steppingop story up gaza. Hitting the only power plant. There could be a long military campaign ahead. Any troops must be based on disarming hamas. They have fired more than 2500 rockets at israel. The imagery, it is something i watched live. Think of 1050 people and gaza, dead from these incoming israeli missiles. This is more. War. Ban kimoon accusing them of pummeling with ver has been taking a lot of heat from countries around the world for all of the civilian deaths. You go into the tunnels and realize that hamas is trying to wage war for many years. Will extend the discussion and moments. I will speak with a finance minister with int
Profits at ubs stronger than analysts have been expecting. Analysts paying attention to questions hanging over the bank. Ubs has closed u. S. Probes into its dark pool alternative trading system. The companies cfo will join us live at 7 00 a. M. Eastern time. Meantime, bp posting a big jump in its quarterly profits driven by Strong Production numbers. However, the oil giant is warning further western sanctions on russia might hurt its business there. Bp makes about a third of its crude oil output in russia. It is the single largest Foreign Investors in that country for its nearly 20 stake in state oil companies. And eu leaders are meeting to debate economic sanctions against russia. A new list of putin associations and businesses that will face tougher measures is expected tomorrow. Lets talk about a bit of other corporate news. U. S. Investors are knew suing barclays. The attorney general accused the bank of lying to customers regarding its electronic trading platform. The investor ar