Up more than 21 points to exit the bear cave is now up 15. But whats going on here . Could it be oil . In the last couple of minutes, oil suddenly, this is the aftermarket, started to tank. Its now down 7. 5 on apparent news that the United States government will start to add Strategic Petroleum reserves with all of the glut there is of oil. So while im looking, i just quickly checked exxonmobil and chevron, they are still up but they are at session lows as well. We are figuring it might have something to do with the oil news. In the meantime, the Small Business stimulus loans continue to flow as the treasury secretary asks for 250 billion in additional funds. We are expecting President Trump any moment now to give us an update on how that Small Business Program Lending situation is going. Its known as the Paycheck Protection Program. But the latest tally shows that the Small Business administration has processed 225,000 loans worth more than 60 billion. Thats just since friday. No wor
Moon, super big and superbright. The first time in 15 years of bloomberg has synced up with a supermoon and a total lunar eclipse. Global news, 24 hours a day, powered by more than 2700 journalists and analysts. This is bloomberg. Emily im emily chang. This is bloomberg technology. Coming up, facebook, hit and miss. Our look at fourthquarter earnings for the social media giant and the most concerning metric or wall street. For wall street. How microsofts push into the blockchain and the cloud added to its bottom line added to the its bottom line this quarter. How microsofts push into the as Travis Kalanick and larry page get ready to testified. Facebook reports its fourthquarter earnings results. Here are the highlights. Revenue coming in at nearly 13 billion, beating the highest estimates from analysts. Monthly active users totaling 2. 1 3 billion, while daily active users came in at 1. 4 billion, slightly below forecast, one of the most important metrics that wall street cares about.
And cnn reports President Trump wanted to know where special counsel russia investigation was headed and asked if Deputy Attorney Rod Rosenstein was, quote, on my team. The top doj official in the russia investigation has sought trumps support in fighting off document demands. And the moon puts on a rare cosmic show today, a red blue moon, super big and superbright. The first time in 15 years a blue moon has synced up with a supermoon and a total lunar eclipse. Global news, 24 hours a day, powered by more than 2700 journalists and analysts. This is bloomberg. Emily im emily chang. This is bloomberg technology. Coming up, facebook, hit and miss. Our look at fourthquarter earnings for the social media giant and the most concerning metric for wall street. Plus, microsoft earnings also on cap. On tap. How microsofts push into the blockchain and the cloud added to its bottom line this quarter. The court battle between uber and waymo. We will get coverage as Travis Kalanick and larry page ge
COMPANY NEWS: Cohesity, a leader in AI-driven data security and management, announced at Microsoft Ignite 2023 that it has deepened its relations.