Ceo jack dorsey does what Facebooks Zuckerberg would not. Twitter is banning political ads of all types. We have details. Tesla owners talk. Bloomberg conducts the biggest survey of tesla drivers today. To date. 5000, in fact. What they have to say about what elon musk is doing right and wrong. Now, this week was dominated by tech earnings. Apple beat across the board wednesday, topping estimates for both last Quarter Results and next quarters forecast. This all despite sputtering iphone sales. Highlights included sales and profits that topped analyst projections. Services revenue also reached a record high. The ceo announced apple will launch a no interest iphone payments on the apple card, adding that the apple card is the most successful launch for a credit card in the u. S. Ever. I got insight from forrester analyst julie ask. Gan. From lee droge an we have been seeing upward revisions to basically all of the numbers throughout the quarter so it is not a surprise that the stock had
Work here. There will be some work at the network level. The architecture of the system itself that supersedes all of the individual work the countries are doing to implement this. And then the members of the associations who are transacting using the Payment System will be responsible themselves for implementing and following those rules. Have a big effort to verify identities and authenticate them. We do this today if someone wants to run political ads or run a large page. I appreciate that but a , is goingth facebook to go in. Your major hack for millions of users that have gone through what assurances will actually be in place to make sure users with the most Sensitive Information in terms of finances, will be protected. Thanks. Erberg the Payment Information that people share is stored separately from other information in our services and all of our information is stored securely. This is especially secure. I do not think we have had an issue with this today. We do take payments f
Boeing debt doubles and a quarter that saw its largest cash burn a nearly 25 years. While Mark Zuckerberg faced a anotherional grilling, cryptocurrency project tells us why it is the future of finance. We are seeing a little bit of upside for u. S. Futures gaining. 1 . This after u. S. Stocks rose in the regular session. We have the s p 500 finishing about 3000. We have the Energy Sector leading the gains. We have oil touching the 56 a barrel level for the first time in more than a month after we saw u. S. Crude supplies unexpectedly dropped. We also had boeing leading the gains on the dow, which was a. 2 , after it announced it does expect the 737 max to be cleared to fly this year. This really offset some of the with the Semiconductor Index falling the most in a week after we had Texas Instruments come out with a weaker than expected forecast. We nasdaq was up. 2 , and had really a very busy session when it came to earnings. 20 of s p 500 companies are reporting this week. Even in th
We look at the opportunity that awaits. Vcs and executives will meet in Silicon Valley this week to discuss whether the system for ipos is working. Could there be an easier solution . But first, to our top story. Facebook Ceo Mark Zuckerberg is ready to take on the u. S. Government if Elizabeth Warren wins the presidency. This is from leaked audio obtained from beverage about zuckerberg during a july meeting with employees. Mark if Elizabeth Warren wants to break up the company, i would bet we will have a legal challenge and i will bet we would win the legal challenge. So basically, does that suck for us . Yeah, i mean, i dont want to have a major lawsuit against our own government. That is not the position you want to be in. You know, its like we care , about our country and want to work with our government and do good things, but at the end of the day, if someone is going to try to threaten Something Like that existential you go to the , mat and fight. Taylor zuckerberg also spoke on
Captioning performed by vitac by those we regulate, and of course, by this committee and congress. Whether were making changes to the staffs longstanding review process for shareholder proposals, assessing the duties of Investment Advisers or considering how to strengthen company disclosures, we must be fair and transparent about the policy choices we make and the data and information on which we rely on making those choices. I thank the committee for its oversight of these important issues. And i stand ready to answer your questions and listen carefully to your thoughts and concerns. Thank you. Commissioner lee. Chairman clayton you are now recognized. And i want to echo the thoughts of my colleagues on the opportunity we have to testify today and note that their testimony demonstrates the wide range of issues that the Commission Deals with every day. I want to thank this committee for your support of the commission and in particular the dedicated women and men who are our most import