The nikkei 225 was also sharply down. Tanker tracker oil movement says low prices will not rise this month. Gold has an explosive start to 2016. The highest gold prices in years. Heading for its biggest weekly gain in more than four years. Fear is in control. Those of the headlines from bloomberg news. Hong kong currently closed for lunch but here is how it was trading. Down. All this ahead of china resuming trade after a weeklong holiday. Some losses in korea. We will discuss potential buyers of the radio streaming service. Plus, cisco up 10 . I will speak with Ceo Chuck Robbins about what is working for the company. And twitters shares take another letdown. Can the company pull its stock out of the gutter, despite no new users in the latest quarter . I will speak with ceo adam bain. Emily first to our lead, another day of turbulence in the market. The dow taking over 400 points, eventually settling just 250 points down. In the file hour and a half final hour and a half of trading, it
Misses. Heres a stat. Today aloerngs microsoft and google lost a combined 30 billion in market capitalization. Apple is also lower right now by the way. Still in a bear market territory. Apple reports earnings on tuesday. Well have much more on that in a second. But first, lets dig in on alphabets mess. We have a senior internetab analyst joining us. It seems like the sentiment on the street is well lower targets but keep ratings. Were standing by alphabet. That is certainty not the attitude of investors in todays session. What is your take on the stocks move . Not surprised to see it down. Obviously, the revenues were a disappointment. They came in 2 below street estimates. You did see increasing season alt in the business. So q4 is very strong. However, q1, we typically do expect season alt. It was a little weeker than we expected this time. It is possible as google matures that its going to be fluctuate more with the seasonality of ecommerce. Were still positive longer term. It did
Right now. We are getting ready for yet more earnings, some big numbers after the bell tonight including starbucks, linked in and first solar, just a few of the Big Companies reporting in less than an hour. We will have all of that for you in just a little bit. Donald trump also invoking the name of larry kudlow in last nights debate. Larry kudlow is an example who i have a lot of respect for, loves my tax plan. They said that you have as much chance of cutting taxes that much without increasing the deficit as you would of flying away from that podium by flapping your arms. Then you have to get rid of larry kudlow who sits on your panel who is a great guy who came out the other day and i said i love trumps tax plan. And larry is coming back to the panel, he is going to join us live along with barney frank to give us his reaction. All of that coming up. Lets get to this gopro story, tumbling to this all time low relative to where it was from its oip, seema mody has the market flash for
Of failure. Of course the reality is the reverse. The more you post about failure. In one of the chapters i attended a conference, and one of the speakers there was a young man who boasted now he is the ceo of the work, the darling of Silicon Valley. But in his speech he boasted about being sued by record label for a quarter of a billion dollars is he had a company that legitimized. So the cult of failure is really one of the most irritating aspects. You have people like tim oreilly, very wellknown publisher. But the real truth is they are the winners. The real failure is people who dont have jobs, people who are not employed, people who are underemployed and can get in the college. They dont go around. Do you ever say you are a failure . I think this is one of the reasons why Silicon Valley is so profoundly out of touch with the rest of the world because it is the one sector and the American Economy that is doing well, the one sector driving innovation and change. When you have a cult
Enforcement actions and the lessons that we should take away from them. We must recognize that Enforcement Actions are just one part of the answer, so im interested in hearing also about how we can better inform computer users of the dangers of botnets and what other hygiene steps we can take to address this threat. My hope is that this hearing starts a conversation among those dealing day to day with the botnet threat and those of us in congress who are deeply concerned about that threat. Congress, of course, cannot and should not dictate tactics for fighting botnets. That must be driven by the expertise of those on the front lines of the fight, but congress does have an Important Role to make sure there is a solid Legal Foundation for Enforcement Actions against botnets and clear standards governing when they can occur. We must also ensure that botnet takedowns and other actions are carried out in a way that protects consumers privacy. All while recognizing that botnets themselves re