Called it chinas best detective. We will hear from her after tictoc has said it is made changes. A Software Company beats thirdquarter earnings estimates across the board but after hours, shares are falling. We will break down the numbers. First to our top story. The shakeup at alphabet. The cofounders step down from the parent company. Investors responded by sending shares up on the company about 2 . To discuss, dan morgan, senior portfolio manager. Also with us mark bergen who covers the company. We spoke care about 24 hours ago. Remind us again if this is the right time to be taking over both companies. Wall street thinks so. Hes been running google since 2015. Alphabet, for all intents and purposes, is google. 99 of the revenue comes from google. Wall street had been uncomfortable with the expenses founders have made and bigger bets that have not panned out. This might be a sign that there is professional management at the helm. From employees, i have heard mixed results. Some say
Morgan brennan, jon fortt at post nine of the New York Stock Exchange record highs all around the board. Dow, s p 500, nasdaq, but well begin with news regarding ford forward looks to do apples to apples with tesla. Elon musk tweeting a response, quote, bring it on and calling into question the physics behind musks video of the tesla towing the ford f 150. Is this really where we are . My mom might be watching, i am going to keep it clean, this is a classic measuring contest if ever there was one. Morgan, do you know of any woman watching this tug of war with any kind of great interest mary barra is probably not even watching this. This is classic like testosterone driven man versus man type thing. The nerd truck narrative lives. The truck will be sold to nerds, right . Thats the niche product theyre aiming for i wont call it nerds, but if you look at the numbers, the number two, two top states for electric vehicle registrations, use that as a proxy for tesla, california and new york.
Called it chinas best detective. We will hear from her after tictoc has said it is made changes. A Software Company beats thirdquarter earnings estimates across the board but after hours, shares are falling. We will break down the numbers. First to our stop top story. The shakeup at all for that. Alphabet. To executives have stepped down from the parent company. Shares are up about 2 . Manager isrtfolio here to discuss this. Our reporter who covers the company. Remind us if this is the right time for him to be taking over both companies. Wall street think so. Sinceeen running google 2015. Ill is for all intents and purposes google. Alphabet is google. Wall street had been uncomfortable with the expenses founders have made and bigger bets that have not panned out. This might be a sign that there is professional management at the helm. From employees, i have heard mixed results. Some say the founders set the culture for the company. Now with this departure it might be gone for good. Lets
Expects to resume deliveries of the 737 max as early as next month and that airlines could be able to restart commercial flights in january lets get to phil lebeau with all the details on this. That was a heck of a move by boeings shares today melissa. It comes down to whether or not you buy into the latest timeline that boeing is putting out heres what it stands at right now the company says that it expects to have a certification flight by early next month, could happen late this month but you have that certification flight leads to the faa certifying the plane by middecember, freeing them to begin deliveries so thats the first part they could start delivering planes, perhaps by the end of the year, to some customers. Theoretically at the same time Pilot Training rules will be set and theyll be locked in by perhaps midjanuary. So if you are an airline and youve got the pilots trained and youve got the fixed aircraft, commercial flights, theoretically, could begin by the end of januar
1 it is not the fed. Its not the trade talks, its demand demand for money demand for homes, demand for processing, demand for cancer drugs and programming and demand for cell phones and demand for planes and of course perhaps most important, demand for stocks yet if you listen to most of the experts you here a lot of fury about ow the Global Economy has gotten weaker because the trade war has shut down international trade. I dont want to sugar coat anything the Global Economy has absolutely taken a hit yearoveryear and the tariffs are part of that but here is the thing. Many stocks were trading like were about to get an even more stringent round of tariffs and that didnt happen instead the president started negotiating with china and that allowed a host of flailing stocks to get their mojo back. The tariff made it strong that without the averages demand would have never made it this far. Let me walk you through the places where that demand is m t most palpable first there is demand for