Waves in Silicon Valley and investing in hubers archrival lift. The billiondollar activist investor adding 1 billion to weathers 1 million to lift things wave of funding lyfts wave of funding. How will that help them catch up to uber . Lift is only valued at a little over 2. 5 billion. Then there is the reach, uber has expanded over 250 series 250 cities worldwide lyft only operates and 65 cities. For more on what this means, i want to bring in the Bloomberg News reporter who left this story, leslie picker from new york. Erin newcomer was here from the set in san francisco. Corey, i want to start with you because this is a very different investment for carl. Why is he investing in lyft over uber . Lets think of all the reasons. He is investing in it to make money. For much of his career, he has been a moneymaker, but not a Company Builder by any stretch of the imagination. He looks at what he can make better and where he can make money. 30 years ago, he has borrowed money to become one
Welcome to power lunch. Im tyler matheson. Mandy has the day off. The biggest names in business are on the network all day with all kinds of actionable ideas for investors like you. Ackman just in the last hour. David einhorn and the list is very long. We wont go through it all right here. One of the investors making Pioneer Resources fall like a stone. See why and see what other stocks these folks are moving. Big change at cisco. John chambers leaving as many expected this summer. We will introduce you to the new ceo and tell you what you need to know. That stock cisco is up about 27 1 2 over the past year. Can the new person in charge take it to the next level. Mannedy is off today, but kayla is with us and we will get downtown in a minute. We start with a slew of investing titans as i mentioned on cnbc. Warren buffett with our becky quick following Berkshire Hathaways meeting in omaha, nebraska. Wide ranging from the stocks he is buying to market valuations overall and becky is with
And the dow is up, not dramatically, despite bad news with durable goods order. Yes, and another fourletter word for you, slow. Thats the volume here at the stock exchange, and the dows up, s ps up a quarter percent each. The nasdaq is the out performer here, but youre right, the durable goods trend for the month of july out an hour before the market opened this morning with a huge disappointment, down 7. 3 , like a onetwo punch when you take intoing the fridays disappointing numbers and ninemonth low for new home sales and the durable goods report, people say, all right, maybe the u. S. Economy is on less firm footing. Nonetheless, we have activity today because we have an mna deal, amgen buys onyx, and the stocks serging 8 on the news hitting the highest level in history, and thats 116. 25. Back to you. Lori many thanks. That july durable goods miss latest in the string of disappointing Economic Data. Is it e fed to push back that september tape ire that most are expecting right now
To put those photos online. I dropped my phone and i was screaming. I was on the phone with my mom and we were both crying. I really i couldnt explain the emotion i was going through. It was terrifying, absolutely terrifying. It is a story youll see first on cnn. Cnn justice reporter evan perez breaking down the developments. Sean hennry, the former assistant director of the fbi will break down the investigation. Hes also the president of crowd strike services, a company devoted to fighting cybercrime. Evan, tell us about this crackdown. Who is responsible . The fbi and police in over a dozen countries have been working on this case for a couple years now, and they basically in the last few days have done a roundup, over 100 arrests have been done. Hundreds of searches have been done in europe, canada and the United States. Wheel hear more about this later today, the Justice Department, the u. S. Attorney here in manhattan is going to announce charges against some of these individuals.
World. May allah awaken the peoplenned help them see the evil doings of israel. I dont know how my comments would be offensive. Music legend lending her voice to the red, white, and blue. I hope that this anthem will touch people in a different way. I hope they would feel it so deeply. Thats what i feel when i sing this song. Dance, dance, dance. Creeping up on you just dance, dance brian super bowl halftime show which i thought was very subpar Justin Timberlake likes to dance. He has great rhythm. He has been famous since he was a child. Ainsley you know this song. Brian right. Steve they were talking about the shutdown and the super bowl yesterday in their caucus. Brian can you believe this . Steve we will talk ally with the about that. Could it impact the super bowl the shutdown . We will talk about that in a minute. Right now a fox news alert. This honduran Migrant Caravan entering mexico. Brian i will take it from here, ainsley. More than 1,000 people ignoring warnings from the u.