The early trade after posting massive losses what the ceo is telling cnbc. And caught in a glass case of emotion a surprise mystery guest making the rounds all over late tv last night. Its trending on this august 9th as Worldwide Exchange begins right now. Good morning, good afternoon, good evening and welcome from wherever in the world you may be watching. Maybe at 2 00 in the morning in san diego, founded in 1909 by the germans. Any way, it could be the chart of the day whipsaw action in shares of uber after what could be described as a disappointing quarter. Ubers 2 2. 5 billion Second Quarter loss was larger than the total losses last year, all year for all but three companies in the s p 500. Only ge, kraft heinz and Newell Brands lost more money last year than uber lost in the Second Quarter. That stock being punished. Not as down as it was, but down 7. 5 right now to under 40 per share. Well have much more on uber coming up. A developing and important story. Thousands of proteste
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Cryptocurrency coin. First we start off with what could be the best christmas ever all three major indices hitting a record high. Closing at a record for the 70th time this year the most ever in a single calendar since 1995. The nasdaq joining the party crossing that key 7,000 level for the first time ever. All this stemming from tax cut euphoria, which if you look at the moves clearly wasnt priced into the market. With tax cuts ahead, are stocks still cheep, just how high can a market go . Cheap is a tough term in this low interesting rates theyre probably on the margins cheep. You have seasonality working for the market december is typically a month where things just ratchet higher weve said for quite some time that something is going to happen before christmas. The president has said he wants to give the american citizens a big fat Christmas Present in the form of tax cuts, youre going to get it. What can you still buy b. K. Talk about Goldman Sachs breaking bottom that alltime high
Conditions today. And that is a big relief for homeowners who decided to ignore mandatory evacuations orders and decided to stay put. A veteran, im experienced. This is not our first rodeo. Reporter this man and several neighbors on the sparks ranch decided to ride out the fire. Bob watched as flames last night charred a hillside not far away. I dont feel in danger. I dont feel like theres going to be any reporter at what point will you leave . If i see it coming over the ridge. Reporter those who didnt want to take chances left with their animals and whatever they could put in suitcases. A little tired. Call it anxious, right . Got some anxiety going on. Id really like to see the aftermath. Reporter unlike yesterday, when flames burned right up to highways and homes, todays calm winds and cooler temperatures slowed the fire down. Much of todays firefight was done in the air because of the steep terrain and the flames were mostly burning in remote areas. Every few minutes a chop were l