Particular she didnt break instagrams revenue, but she said that they now have over 15 million businesses using business profiles and instagram joining the 70 million facebook business pages. I asked sandberg about concerns that the company would no longer be able to rely on higher ad load to drive growth and heres what she said. Our goal is for the ads to be really high of qualiquality. When you see a post from a friend, you want the ads to be as high quality as those posts and so weve been carefully tracking the exact of ads on the User Experience over the last several years. Ad loads up from a few years ago and weve been able to do this by improving the quality and the el are advance of the ads. And weve done it without significantly impacting peoples facebook experience. More relevant the ads, the higher the revenue for facebook, and the better experience for consumers. Now, i also asked sandberg about the companys projections that its Capital Expenditures would grow by about 50 th
Seeing this morning. So across our markets, youve got a rotation thats happening, and investors questioning some of the trades that have been very strong in october. In particular, banks and oil is where youre seeing some of the pressure points. But more importantly than that is some of those interests, sensitive sectors, youve seen this in the states, theyre being sold as well. Real estate, telecoms, the bigyearolds, particularly on markets that are seeing ground lost in this selloff. Now, basic resources, though, this morning, opens up as the weakest sector. Youve got one sector positive, which is household goods. So basic resources trending down. Curious, because dollarss been on the offensive. Typically, dollar should be weaker. Thats not happening in this bout. Goes back to questioning some of those sectors that have done particularly well, whether its been justified, and perhaps you want to take some of those profits and lighten up the portfolio load, in what is a risk off those.
World wide exchange. Im sara eisen. Im wilfred frost. Very good morning to you from me as well. Its throw back thursday. Were throwing it back with a girl powered theme today. I hope we have some spice girls coming up. Anything to get the spice girl sboos World Wide Exchange. Lets get straight to the top news. A ton of earnings this morning. If you went to sleep early last night, heres what happened at the Democratic National convention in philadelphia. President obama taking center stage in prime time vouching for Hillary Clinton and making a point to say she would protect democracy from home grown demagogues like donald trump. No matter how much people try to knock her down, she never, ever quits. That is the hillary i know. That is the hillary ive come to admire and thats why i can say with confidence there has never been a man or a woman, not me, not bill, nobody more qualified than Hillary Clinton to serve as president of the United States of america. Vice President Joe Biden also