Without intel. We find out why new user growth and twitter did not transfer into ad sales. We hear from the cfo. Amazon shares plummeting. For the first time in over two years, the Company Reported a decline in quarterly profit. Most notable, amazon issued a a weak this is not bringingforecast. The sales boost investors are hoping for. Was about sales short. To write down all of his numbers, im joined by darren baker to talk about all of these numbers, i am joined by darren decker. You estoril you are still turning a profit. We knew that oneday shipping would bring some cost with it for a couple of quarters. Are spending a lot on content, aws, advertising division. Goingis a spending cycle on that actually makes the next couple of quarters the anxiety would continue from a cost perspective. Where it is paying off, you are seeing an impact on the retail side because of oneday shipping. It will pay off longterm in terms of market share, Revenue Growth. Cost variability is concerned, we c
The Halftime Report started right now. Welcome. Good to have you this thursday jim lav leventhal, the brothers najarian, we have a big show first we want to get to Steve Liesman who has just sat down at the table with what the fed may do in the weeks ahead. Yeah, scott i think the story has to do with that a pause is coming and the question becomes when its coming i think theres an oddson bet that the fed is likely to cut in october. But its a massive cut and if they cut in october, is the market thinking about that the fact that there would be some kind of pause and powell has signaled this several times publicly hes talked about the 1998 cutting regime three times this will be the third time. I will tell you, the comment yesterday from charlie evans, a guy who has been massively in favor of rate cuts, he said i dont push any cuts the rest of the year match that from tweets of others, too. And kaplan said said im agnostic about additional rate cuts and there was a speech by powell, ev
Trade impact on the economy. Lets look whats driving the action britain and the eu coming to a brexit deal although Boris Johnson still needs to win a vote back at home. U. S. And turkey agreed to a ceasefire in syria and despite ibm the overall earnings picture remains strong with beat from netflix and Morgan Stanley leading the market hire. Were happy to have stephanie link here. I know youre pretty upbeat. So far so good. There have been good reports from csx, from honeywell, from United Airlines jpmorgan, Morgan Stanley. Those have been rewarded also other earnings that have just been good enough. United rentals we talk about positioning, people are not positioned in industrials or health care those two sectors are leading the market today is that why we are where we are. People have your view earnings are good enough . Some are good enough but some are good the best earnings picture was johnson johnson. We also had a lot of health care you entitle e United Health expectations if t
Intel. We hear from the ceo in a bloomberg explosive. We find out why twitter growth did not translate into sales. We hear from the ceo. In latehares plummeted trading after reporting thirdquarter earnings. For the first time in over two years, the Company Reported a decline in quarterly profits, most notable from the report, amazon issued a week forecast for the busy Holiday Quarter, likely sparking worries the Big Investments in oneday delivery are not bringing a sales boost investors were hoping for. Also fell. Ces i am joined by our guests, thank you both for joining me. Breakdown what happened to the bottom line. You are still turning a profit, but the growth was slower. Why . A lot of angst around cost. We knew oneday shipping would bring variability and cost with it for a couple of quarters. Lso, they are spending a lot on content. There is a spending cycle going on, which makes the next couple of quarters the anxiety continues. Youre clearly seeing a sales impact happening on t
Without objection, authorized to declare recess at any time pursuant to Committee Rule two and clause two chairman may postpone for the proceedings today an approving any matter or measure. Were adopting an amendment ordered. I want to thank everyone for coming. I know some people are here for the arbitration bill. Others for bills about preventing gun violence and still others about intellectual property. We are going to start with the arbitration bill, so maybe some time before we get to the gun violence prevention bills. That said, i want to recognize the gentleman from california whose bill we will be marking up today and i want to thank him for joining us. Mr. Chairman, could i just raise you mentioned the schedule for todays hearing. I had a question on the schedule moving forward. When will the committee get a chance to question mr. Horowitz on his report that was released two weeks ago . Im not sure which report youre referring to. Im referring to the scathing report on the for