First quarter for the ftse 500, up 10 , First Quarter for the ftse 500, up io , and people bought on a dip, which is what i thought they would do, so i think this is based off a strong rally we had in the last week, and i think thats it. I think the guidance some of the companies have been given, while earnings have been good for the last quarter, the guidance has been that that is a sign the economy is slowing down, so i think that might be part of it. We are near the i think that might be part of it. We are nearthe end i think that might be part of it. We are near the end of the First Quarter earnings season and most companies have reported we have had uber today and recently we have heard from the big tech companies. What is your sense about the economy from the perspective of Corporate America . , america . Very good, actually. The consumer is america . Very good, actually. The consumer is continuing america . Very good, actually. The consumer is continuing to america . Very good,
Were expecting, up 15 , thanks to people taking more rides and also using its food delivery service, but the thing is the right hailing and Food Delivery Company still disappointed investors and one thing that wall street was focused on was gross booking. That number came in lighter than forecast and its predictions for the coming three months also were disappointing. So, despite turning in higher revenue, uber posted an unexpected loss of around 651; million, up from 157 million this time last year. Earlier, i was speaking to andrew hawkins, Transportation Editor at a new service covering the tech industry, and he told me what wall street was worried about. While ubers fundamental Business Model appears to be improving and gaining strength, its still not completely out of the woods. And what i mean by that is that there are still a lot of regulatory issues, theres a lot of Legal Expenses that the company has been having to pay. It had to make a massive settlement brought on by a Class
EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.