We begin with a social smackdown, twitter shares getting hammered again following the company reporting the worstever user growth in the second quarter. Little evidence things are getting better. The stock down 50 from its highs. Pete, you made some moves going into the print. Im wondering what you think now. About the quarter. Well i think after you listen to that conference call, you absolutely came away saying holy smokes, these guys got a little bit of work in front of them. When anthony nodo is talking about considerable time for them to be able to start to perform thats not what people want to hear. They had already heard or read about the earnings themselves. Those are actually not so bad. Although mau growth was certainly something everybody had been focusing on and it was not there. That was somewhat expected. The problem is how are they going to be able to get this Company Moving in the right direction Going Forward and thats i think where at both jack dorsey and mr. Nodo did
Happy friday to you. Economists surveyed by bloomberg had estimated arise of 1. 5 . Lets look at the year on year change. Factory output rose 1. 2 as compared to a fall of 2 . At big beat on the factory output numbers. It was at some moderate for the first time in three months. We will continue to see how markets react in the next hour. Lets check in on some other markets. To new zealand right now, we saw a little changed on wall street. The ndx 50s starting off flat. The new Zealand Dollar spot strengthening. Also counting down openings in australia and japan. Helpful spending coming out at the bottom of this hour. This is what it looks like. Down, buttures were we are expecting a slight higher open today. Yet has been weakening. N has been weakening. Its a National Holiday in sri lanka, so no trading bear. Lets look at some breaking news. We have net income for the Second Quarter coming in at one billion singapore dollars. 1. 05 singapore dollars. Expecting 969 million. Lets go to wa
Day. Well begin with the market and whats been anything but a summer sizzle for stocks. Now comes august which is historically hard for investors. The s p has fallen 2. 5 in each of the past five years. As we look towards whats ahead in august, five months to go, does everything hinge on whether the fed hikes Interest Rates in september . I mean, if thats really the case, then i have good news for you. The market says theres no shot. If you look at the cmes fed watch and you believe that the market is getting things right as we get closer, theres a much higher likelihood that you see a december hike. I think a 25 basis point hike is like 42 . Even october, theyre talking about a 20 some odd percent chance. If thats what youre truly focusing all your attention on, the timing of the first hike, you have some time. To hang out in the panic room. If youre more rational, you say to yourself, strongly hinting theyll do something. Even if its a token gesture. Theres absolutely no guarantee th
They have not opted for more radical wake up plan. And mexico cities earthquake leaves over 200 people dead. What impact will it have on supply chains in the United States . Matt we are less than half an hour away from the european open. Lets take a look at equity index futures. Very Little Movement as investors await the fed announcement. You can see the euro stocks futures are down at one of 1 and ftse futures are up by of 1 . We do not see any moves better than that. Take a look at the bunds and my here. Al and i have up speaking of minimal movement, we see almost nothing today. I will zoom out what we so far a move of not even close to one basis point. Been for thee have last couple of days on the german bund yield. Guy it is a focus on what is happening in washington might is all about the fed. Not about the Balance Sheet rolloff. The market seems very calm about that. It is all about the dots and what those dots will signal about the 5050 coin toss whether or not we get a decembe
So, he trusted them too much, it turned out. Sunday night at 8 00 eastern on cspans q a. Next, economic scholars and banking experts discuss Monetary Policy and the impact of past Federal Reserve actions on small and large Financial Institutions. This was held by the American Enterprise institute. Its about an hour and 45 minutes. Good morning and welcome to the American Enterprise institute. This morning we have a very interesting policy session entitled how has a decade of extreme Monetary Policy changed the Banking System . Weve assembled a panel of experts, who well introduce you to in a minute. But before that, let me just set the stage here. As you all know, the financial crisis changed the Banking System. The resolutions that happened in the crisis integrated commercial and Investment Banking like never before. These resolutions created todays too big to fail institutions. The crisis led to greatly expanded fed emergency liquidity support. The fed became the lender of first reso