Is always about money. Cheryl you all know about snapchat. At least your kids probably know about snapchat. They dont want you to know about it. We go from campus craze to 10 billiondollar business. Smart app that makes photo messages disappear is worth more than some long time favorites. You tell me if it makes sense. Topping household names in valuation, foot locker, staples, avon. All this is big Money Valuation despite the fact that snapchat is bringing almost no revenue, zero revenue. Bring in somebody who is big revenue. Charlie gasparino. Wall street journals James Freeman with me as well. Dominic tavella of diversified financial. They dont make money. What is going on . That was the problem in 1998 and 1999. That was before the nasdaq blew up in march of 2000, went from five to one in the index. I dont know what it is now. Some firms had no revenues during those insane times actually made it. They came back. Theyre profitable first right now. A lot of them like pets. Com didnt.
Again, those dow futures down by 137 points below fair value. The month is wrapping up today and so far, the stock market is down about 3 this week. We know that old adage, as january goes, so goes the year. That statistic has been right 62 of the year. Well see if that holds true for this time or if this happens to be youre looking at a correction at the beginning of the year. We saw so many gains as we ended last year. Take a look at the treasuries. The tenyear note is at this point yielding 2. 674 . So below 2. 7 . So well have to watch this closely. In europe today, stocks are lower in the early trading. Among some of the reasons listed, eurozone inflation data missed expectations. You can see the biggest decliner there is the dax in germany, down by about 1. 3 . As for asia overnight, it was a quiet session. Trading volumes were very thin because of the Chinese New Year holiday. That had shanghai, hong kong, south korean markets closed. The nikkei finished down for january, more t
All that and more. Heading out to julie hyman. News that just came out in the last hour affecting the stock. That is a settlement over a cleanup related to companies in a choir. It is a 5. 2 billion dollars settlement. Looks like the stock is rising. The discount brokers today. E trade, ameritrade, Charles Schwab. Seems like they have been caught up and concerned rum highfrequency trading in the. Ake of the book Charles Schwab has called it a growing cancer. We are seeing those stocks pull back today. Finally, seaworld, which has though been troubled shares pulling back my nearly two percent. Thank you. The u. S. Chamber foundation is hosting its 13th annual aviation summit today in washington. The event is called navigating the true cost of client. David barger, taking part in todays summit. Great to have you here. The event really takes a look at the Critical Issues facing your industry. What was umber one on the list . One . Mber always great to be on. Thank you for having me. The t
Bead beat. Europe in the green as draghi continues to talk down the euro. A shareholder friendly quarter for apple. A beat on the top and bottom line. Increased buyback, stock split calling it the isplit. Twofaced quarter for facebook. Profits blew away the estimates but Company Warning there might be a new normal of slower revenue growth. Another beat and victory for cost cuts, caterpillar raising its outlook. Sees improvements in the building industry. tis the season to make a health care deal. Zimmer buys rival more than 13 billion is the Purchase Price. The industry ripe for more consolidation . Apple coming off the companys best nonholedy quarter ever. Results did beat expectations as almost 44 million iphones were sold in the period. Apple announcing the seven for one stock split, 8 different hike and increase in the Share Buyback program. Ceo tim cook on last nights Conference Call. Take a listen. We decided to continue to allocate the vast majority of the Incremental Capital re
55 said no. 45 said yes. One of the morning papers here, the reUnited Kingdom. The no voters, jubilant last night as the results started to come in. 2 million scotts voted no versus 1. 6 who had voted yes. They were absolutely ecstatic, the no vote, to see what was happening. The yes voters, as you can imagine, extremely unhappy. Uk Prime Minister David Cameron, thats not him, thats alistair darling, but the uk Prime Minister David Cameron just a few hours ago addressed the nation. Good morning. The people of scotland have spoken. And it is a clear result. They have kept our country of four nations together. And like millions of other people, i am delighted. As i said during the campaign, it would have broken my heart to see our United Kingdom come to an end. The british pound rallied sharply overnight as the results started to roll in. Weve seen it pullback now, but still above 163, almost to 164. So maybe some of that priced in. But you can see the rise overnight. Let me show you wha