Ten year 182 road map begins with the record one for stocks dow set to try to climb above 28 k at the open. S p in the midst of the biggest longest rally in two years executive shakeup at tmobile as ive been reporting for months now, john ledger is set to step down as ceo. Next year. The shares are moving lower ahead of the open. Fedex versus the New York Times. Fred smith challenging the papers publisher to a debate after its expose alleging the ship giant paid no taxes in 2018. Next hour, an interview you wont want to miss snap Ceo Evan Spiegel joins us exclusively. Lets start with jim and his big week in san francisco. Jim, the guys on squawk just asking you how you got out there so quickly after the eagles game last night. Well, philadelphia too has red eyes and my eyes are red from crying because the we had a chance to be able to really seal our fate and we sold it already in the wrong way. You want to come out here during dream force. Everybody who is anybody does come out and i
Example they government gives her a few trillion dollars she burns countries down but she gets a 1000000000. 00 in fees thats true of hedge funds as true of private equity funds they get trillions of dollars from the central bank they burn everything down their arsonists but they get to keep a nice a souvenir like a 1000000000. 00 mitt romney is a good example somebody who made a business out of this and eventually you run out of the free money runs out in the case of venezuela for example this is a true fact they actually ran out of ink to print the money that they were burning. That was the end of that weve seen over the past 3040 years Interest Rates have been declining and declining and declining and declining so theyre always able to roll it over and sell it to another chump because theres always another chump at the end of a declining Interest Rate curve so however what weve seen since the financial crisis since 2003 is not only our Interest Rates the. I inning but the fed keeps
Good Tuesday Morning i am Carl Quintanilla with Morgan Brennan at post nine of the new york stock exchange. Jon fortt is in los angeles at the adobe max conference his sit down is a few moments away with Shantanu Narayen we start with uber shares down, despite the beat as losses for the quarter top a billion. Guys, good to see you. Dan, how much is this downward trajectory in price driven by model complexity relative to competitors . It is a small piece here, no doubt this is a black eye quarter for dara and uber, missing ridesharing metrics. You combine that with what theyre spending on eats, thats the one, two punch sending the stock down, could be an avalanche with lock up expiration. Do you buy the target of adjusted profitability by 2021 i do. I think it is not as much stretch as it would appear to be you look at the core ride share business, they came out with segment margins this quarter, 22 , a four percentage point improvement from a year ago. If they continue on that pace of
Investors otherwise known as a ponzi scheme or a pyramid scheme this is essentially was driving the economy is burning cash yeah its a beautiful thing because it doesnt cost anything and you can get all the cash you want from the central bank for free they give it they give you trillions and trillions of dollars if youre a friend of theirs you get to burn a trillion and you keep a 1000000000 thats the deal so lets say Hillary Clintons Foreign Policy for example they government gives her a few trillion dollars she burns countries down but she gets a 1000000000. 00 in fees thats true of hedge funds as true of private equity funds they get trillions of dollars from the central bank they burn everything down their arsonists but they get to keep a nice a souvenir like a 1000000000 dollars mitt romney is a good example of somebody who made a business out of this and eventually though you run out of the free money runs out in the case of venezuela for example this is a true fact. They actuall
Publicly traded Shell Oil Companies the institute for Energy Economics and Financial Analysis found that between 2010 through 2018181 1000000000 dollars in cash was burned plus is the cast burned by the privately Held Companies so the total casper is likely in the neighborhood of 700000000000. 00 right during the im our republic that they didnt go through the artifice of creating a Public Company or a private company they just burned the actual cash in the stove to keep warm here theyve created simple Business Model of fracking which is another euphemism for burning cash right because it takes more energy in than they get out it takes more cash in than they get out it is a literally a Bottomless Pit of cash that is by definition impossible to make a profit from and in the private market like oh we work for other Tech Companies that are in the private market theres a mass hallucination going. Where theyve think that well we need to become the Biggest Energy exporter and producer in the