Stock drop. First of all, paypals thirdquarter sales missed the estimates. Were the estimates missed the actual sales. It was the first report after its july separation of ebay. . 31 a share, some of the analysts were wrong. They guessed . 29 and 2. 28 billion, according to bloomberg. Paypal faces serious competition from square, android pay, apple pay. Big companies they are doing battle with now. Joining me to discuss what they mean, paul and tom. Tom, let me start with you. In the quarter, this was baked in after the company split. But they appear to be doing a little better, after the analysts try to understand the business. Tom here is what happened. Paypal split from ebay. What we thought was going to happen was that paypal was supposed to be this Growth Business that was supposed to take off. We have ebay numbers exceeding expectations. Paypal comes out of the gate and it kind of flopped. People are looking at take rate, the amount they take home per transaction, and they are se
For the arena and this was a rally that was held on the steps of city hall. It included Small Business owners, union workers, laborers and more. Opponents of the proposed arena say the Environmental Impact report is inadequate and bad for the neighborhood. Those supporters you saw on the steps of city hall, theyre welcoming the revitalization of the mission bay area. They say its whats best for the neighborhood. We have an undefeated record of going through the commissions and getting public approvals. Here we are at the board of supervisors. This is like the finals. Were hoping to get approval from the board of supervisors. If approved, the warriors tell me they could break ground as early as next month. Thats if the opponents decide not to sue. The proposed arena would also include plans for a Bay Front Park and improved transit in the mission bay. Its close to the buzzer now inside the city hall as the board of supervisors are listening to the public comments. We probably wont have
We can draw connections to the dollar and bonds and soft macro data. Whatever you want to explain todays decline. Dow sinking 195 points, s p down 1. 01 . Nasdaq plunging 1. 64. I know i have heard all those consents bandied as the scourge of stock owners who got laid to waste today, pulverized. But i think this market is all about eve. Yeah. The original eve. Who was tricked by the serpent into eating the forbidden apple from the trees. And the whole investor class has been paying the price. The serpent in this case is that apple quarter. The one that seems so tempting to eager investors that they couldnt resist buying the stock ahead of, during and right after earnings. Reaching to the skies for it. Even as i begged you not to. Now the investor gods are making every stock pay and the pain wont end. The house of pain. Until these feckless apple traders given up the ghost. Sell sell sell. And then the stock bottoms. Hey, look i was going to go with the isaac newton thing. What goes up
Nothing, some stocks that went up slowly and then there were stocks that seemed to soar by the day hallelujah even at the recession, dow jumping 87 points, nasdaq declining. 03 , many of you may have taken a hit to your portfolio. Because you owned a stock thats plain toxic to your net worth. Yes, we now have hazardous stocks. Tonight, lets explore the right and wrong stocks for this moment. Whats the definition of a stock that can do no right in this market . How about a stock that could do no wrong before the market changes stripes this year . And whats a stock that could do no wrong these days . You guessed it. Its a stock that has done kind of nothing for the ages. Lets start with the losers because im a huge believer in the notion that your winners will take care of themselves if you can isolate the losers and cordon them off, which, by the way is exactly what the dow and s p are doing despite the commentary right now weve got three different kinds of stocks that are hazardous to
The Worlds Largest ontime rate online retailer, known for operating on razor thin margin, saw more than double what was expected. The news is wearing on investors and the stock is down 10 in premarket trading. I want to bring in the head of north american research. Also joining us is jason, an analyst at oppenheimer. Why do investors seem to care now . Weve known they want to operate at a loss . This is the Second Quarter in a row where the stock has reacted negatively to quarterly earnings. Theirors on the margin patience is wearing thin with the investment at all costs and topline growth at all costs, at the expense of profit. It is an issue that management is starting to think about. They are starting to play hardball with some of their suppliers, for example on the media side, with hachette. They want tothat, they dont want to raise prices. The ceo cfo made no bones about it. They will continue their investment in the company. They feel extremely bullish longterm about the story of