Successful launch, the apple his calls for 2020. Google undergoing oracle card issued by Goldman Sachs hit some snags in 2019. Undergoing a big transformation. How do you see facebook entering what is a pretty crowded cloud first, our top story. Business . Tech continues to be the john it is crowded at the outperform or in 2019 with the application layer. Nasdaq on track for its best you have salesforce and all of those Different Software service year since 2013. 35 , justndex is up companies. With what amazon does, the aws 3 shy of 20s banner year. Service, there were really only ofis largely due to the three competitors, at least in north america. Microsoft as newer microsoft 2013s banner year. Aws, and google cloud. It is rgely due to apple and above the chipmakers. I am showing on my terminal i think the thing that chart about divergence, winners distinguishes these guys is obviously they have done a lot and losers. Of innovative stuff, but it is the clear winners, scale. Facebook,
Apple is a big drag on the averages today especially with the nasdaq. The company hit with a nearly 2 billion fine by the european commission, the ec, said apple has abuse of rules for other streaming music providers but may be a bigger concern for investors is the companys perceived slower start to the ai race. We have much more on the story, courtney. We will start with macys. That stock rallying 15 today as arthouse and Brigade Capital raised their offer for the company to 24 a share from 21 bucks. Macys confirms it has received the offer and its board will review it as they did previously. Joining us, gabrielle, managing partner and our own leslie picker is here with us as well. Leslie, kick it off. Thank you, gabrielle, for being here. The big news is that you bumped up to a 51 premium to the unaffected stock price from a few months ago, but shares still trading about 3 1 2 dollars below that price tag. You said in an earlier release that the board was unwilling to engage due to a
Nations labeling donald trump racist he apparently said it in amazing with u. S. Senators and its. Discussion as the u. S. President tries to push ahead with his immigration agenda. And im leah harding weve been debating if we should even say the word trump used on air well explain our decision and have your discussions and reactions to transpersonal connected to the hash tag but also on the grid the iran deal world powers back today in brussels on thursday and now we have to wait to see if the u. S. Will recertify the new deal or to impose sanctions on iran again and it looks like your Facebook Page about to get a lot less news that the social network wants to prioritize posts from friends and family but what will that mean for organizations even like out there use facebook to get the word out to. You with the news grid live on air and streaming online through you tube Facebook Live and at aljazeera dot com it is the story which has got everyone talking and the u. N. Labeling the u. S
And pays out 60 of it earnings through difficult depds and has bought back stock on what people think are attractive prices. This does not sound like a company that need your help. Its a Great Company and a great business and the stock has done great for a long period of time the issue for shareholders is not how well the company has done over the past and how well it will do in the future bottom line is adp has underperformed relative to potential. Youre judged relative to your potential, not relative to fat issus quo and this is a company with huge opportunities to improve its profitability. Its not an efficient business, and in fact many things you mentioned explain the reap why are the company has underperformed when you have no debt and have a really profitable business and dominant market share. Those are companies over time that get less efficient because they dont have to be as efficient, and that lack of efficiency becomes an issue for the business Going Forward and becomes a
Princes and businessmen. Drink your tea heads to south korea next taking a look at the nikkei in japan edging slightly higher paid the cost and south korea slightly lower. Cheryl sold out. Customers turning out over the weekend to buy out apples most expensive items. The iphone 10 gone in 20 large cities. Fbn am starts right now. Lauren monday morning. 5 01 a. M. In new york. Good morning and lauren simonetti. Cheryl good morning. Im Cheryl Casone. Busy morning, especially if you work in an apple store. Lauren youve got your iphone 10 so good for you. President trump offering his condolences following the deadliest smashing in texas history. A gunman walked into the First Baptist church the First Baptist church just outside of san antonio yesterday and opening fire, killing 26 people and wounding 20 others. Heres a President Trump traveling in asia had to say to the dems. I think that Mental Health is the problem here based on preliminary report. Very deranged individual, a lot of prob