Higher for a change. Im melissa lee coming to you from studio b on the desk, tim seymour, dan nathan and guy adami. We start with meta shares now up 2. 5 just about after posting a top and bottom line beat. The company seeing return to ad Revenue Growth avenue dismal 2022 and Julia Boorstin has all the detail. Meta beat expectations on the top and bottom lines reporting its fastest growth in two year, 23 Revenue Growth in the third quarter. Thats ahead of the 21 that analysts expected. Now, for the Fourth Quarter meta provided a revenue Guidance Range with a midpoint just a hair below analysts consensus and metas year of efficiency, the Company Brought down its expense outlook for the year, down to between 87 and 89 billion from a prior forecast of 88 to 91 billion and it forecast its 2024 expenses for the first time giving a range between 94 and 99 billion now, for context, analysts had been looking for expenses to come in at 100 billion or below so they met that now, the company did
Independence and we are live for the tory party conference. We also have an allstar guest lined up, john fraher. Ellon we speak to jim mal on his new book. We are live in moscow, where john fraher will leave a Panel Discussion with Vladimir Putin. In the meantime, we have a packed data check. The dollar is slipping. Global stocks seem to be a little bit mixed. What all to do with investors are trying to figure out, who the next fed chair will be. We understand the president has a shortlist of candidates, but they all have very different policy agendas. You have some hawks, you have some doves and they are trying to figure out the most likely will get it. I am also looking at spain. Stocks are resuming their decline after the king criticized the catalonian separatists for unaccountable disloyalty. And if you look at spain, the nations bond yields are rising. In the meantime, we are getting breaking news out of the eurozone. Pmi is rising a touch more than expected. Predicted a rise were
And he just bought more today. Hes going to give us the name and, chances are, you might own it too and black rocks terry sims son said the trump trade is on, quote, life support. So what does that mean for the rally . But first, we start with what seems to be the magic words for this market, tax cuts. Every time someone from the Trump Administration utters those words and recommits themselves to be the agenda, the market takes off after paul ryan said the party is unified on tax reform during a town hall last night the dow having its best day since april. Soaring nearly 200 points. As the markets soar, the volatility index sank. The question is tonight, do you continue to buy stocks on hopes of tax reform and how much higher can this market go . Guy great to have you on board. Maybe what everybody was thinking about in the past. Whats the question were going to attempt to answer my answer would be yes weve been pretty steadfast in that belief. Brian kelly about a week ago at the heigh
We will tell you what happens straight ahead. First commercial grown delivery, markets looking to rebound from yesterdays fed selloff. Take a look, dow industrial up 50 points as you see. Nasdaq and s p also higher this morning. In europe investors are waiting on the bank of england this morning. A decision expected this morning. We will bring it to you as soon as it hits the tape. Meanwhile dax index of twothirds of a percent. The ftse in london down a fraction. In asia fractions lower, nikkei up a fraction, staying in positive territory near yearly highs. Hang seng down one and three quarters percent in hong kong. Finally here, star wars rogue, we have sneak peek, promise no spoilers. Mike huckabee is here, peter. Nice to be with you. Maria so nice to have you onset, governor. I like your holiday tie. I only get to wear it occasionally, so here it is. Dagen i wore red for you. Thank you, darling. I appreciate it. Dagen we argue but we love each other. Maria technology meeting, quick
Deadly diseases, malaria and dengue fever. Both show promise they can work when standard methods do not thats not enough to prevent dengue transmission. Reporter you can do better . Yes. Reporter so what are we waiting for . This is techknow, the show about innovations that can change lives. The intersection of hardware and humanitarian, and were doing it in a unique way. This is a show about science by scientists. Techknow investigates genetically modified mosquitos. Welcome. Joining me today is my guests. What would you say if i told you would could eradicate malaria and dengue fever but to do so we would have to release genetically modified mosquitos into the world. What do you think the reaction would be . I think it would be predictable. Ive covered a lot of stories about g m organisms for techknow and there is a lot of push back for the public because of that lab. Yeah, but were not talking about sweeter strawberries. Were talking about saving hundreds of thousands of human lives