Twitter shares soaring on a rumor the company is looking to build a Subscription Service a source close to the situation tells me that a Subscription Service is one of many Revenue Generating options that twitter is considering, but that no announcement in that area is imminent Ceo Jack Dorsey has said hes kicked around the idea of creating a subscription tier and twitter management has talked about building new revenue stream the focus on new ways twitter could make money as tiktok opens a new platform senator tom cotton warned americans against use ticktock. Secretary of state mike pompeo said late monday that the United States was looking at banning chinese social media apps including ticktock. Ticktock responded to pompeo by pointing to the companys new american ceo, former disney executive kevin mayer, saying we have never provided user data to the Chinese Government nor would we do so if asked. I want to go to dan nathan first. As i recall, dan, you had fast pitched twitter back
Points after a rally that saw all of the major averages up do you up by 227 points. S p up by 21 nasdaq up about a percent at 85 points a lot of people muling through and looking at some deescalation it still continued but let up a little bit trade looks like a sidelined issue or better. Much much lower but rising that made people feel like they didnt have enough exposure. The dow is up around 2,000. Russell 2000 is up first it is a catch up and then lets see how far we can stretch it overnight, with the headlines of the latest concessions, the s p futures shot up. We are up six or so percent. If we wanted to, we couldnt make new lows or deals it is fairly far away. You are in this zone. You have a cushion below you see the 10year 1. 726 it is good. It is good it is good always a good side, bad side of things. In asia, we did see the president tweeting about postponing tariffs sang high composite ended up in europe, if you look at what is happening there, right now, markets have barely
The market including this one dow dipped eight points nasdaq advancing 0. 11 . Do you know almost every Single Company that jumped a sizable amount played a major role had. These are companies that arent about to let themselves be contrained by possible fed rate heights. The strong dollar as it is weakening, not to mention port strikes, politics, greece whatever, all the forces that keep stocks down can be defeat bid adjective ed by a smart management team. They are not willing to see their stocks futures to the s p 500 stock features. You dont need to know where the german ten year treasure went out this morning if you take a valuation path. All these managers of these Great Companies are thinking is if we take this action we could create instant wealth for our shareholders, and that is exactly what they pay us do. Hallelujah lets many look at pll corp to be bought by dan at a huge price. 12 123. 89 was 99. What a win. Did dan corp overpay given the price . Apparently they wanted pall
Melissa so first, tonight, just a few hours ago, another deadly shooting on capitol hill. A woman reportedly rammed her car into a security barricade near the white house. Shots were fired. Shortly after, that woman is dead. We saw the capitol hill on lockdown there for the better part of an hour as reporters tried to figure out what was going on there. Youre watching video of the car chase that was taken by a tourist in the capitol area. Fox newss rich edson is in washington with the latest. Rich, are you with us . Melissa, can you hear me . Melissa i sure can. What is the latest . There is still a crime scene going on half a block, a block away here. Take a look at video. This is absolutely incredible. This is the middle of this car chase. It started 15 blocks to the west of pennsylvania avenue. That is where the Treasury Department and white house are. Capitol police and secret Service Police say that is the point where the car tried to run the barrier on 15th street, about a block
Advancing. 05 and the nasdaq climbing, i want to talk about whats become the mustown stock of this earnings season. Facebook. If you paid any attention to the market Coverage Today you probably heard someone say that facebook with the newfound 190 billion market capitalization after the 3. 69 rally is ridiculously overvalued. You heard it. I heard it snc you know how they slam it wait a second. They use brand name comparisons like, what do you mean its worth more than intel or oracle for heavens sake . Thats wrong like theyre indig minu nant about it. Its past merck some merck is now tied with pfizer . No way no relatively recent upstart can be worth that much, right . It just came public two years ago, right . Its crazy that its larger than so many american, established dut companies, right . Wrong wrong. Ill do the real analysis that Portfolio Managers use, let me first explain just how stupid this kind of compare son, reasoning really is. I remember in the miden 1980s i was, woing a