Revenue up of 4. 5 billion also came in better than consensus and was much higher than last year. Investors hit the like button, sending shares of facebook initially higher in afterhours trading. The companys valuation now inching toward 300 billion. Not bad for an 11yearold. Julia boorstin has the one key takeaway. The one key takeaway from facebooks earnings is that the social network is growing across the board. As a result, user numbers, revenue as well as earnings beat expectations. I spoke to coo sheryl sandberg, who said this broad growth showed facebook investment in advertising paying off. As the Company Rolls out more options like instagram and video ads, which are easy and inexpensive for marketers of all sizes to use. And it sounds like this acrosstheboard growth is likely to continue. Facebook doesnt provide guidance, but sandberg said theyre pleased with the size of advertiser demand this quarter. Thank you, julia. Well, facebook appears to be firing on all cylinders, but
Of the current Interest Rate environment, but we dont try to time our decisions based on capitalizing on Interest Rates at the moment. I think for the long term, maintaining the deep and liquid u. S. Treasury markets is something thats very important to u. S. Economic security. You dont need to time it. Look at the deals apple and verizon did for multiple billions and know its better paper, i believe, than apple. I think we have the best paper in the world. And i think that the markets around the world refleblcted th. Theres a reason the dollar is the worlds reserve currency, why the appetite for u. S. Treasury debt is to high. I think, you know, as you look at the way weve created new products, its really reflected the evolution of market appetite for different kinds of products, and well continue to try to be innovative in terms of introducing products that help to keep the deep liquid markets that we have, but i think any attempt to try and design our products to capitalize on an In
A better place to run its business than the United States of america is burger king. The company is in talks to buy canadas donut chain, tim hortons. Back to our top stories, roche has agreed to buy a u. S. Biotech firm and wit will get 8 billion itcash it will get billion dollars in cash. A record year for m a. Olivia sterns joins us live more. Welcome. Good monday morning. So nice to see you. Why intermune . Big bet on a drug that treats a rare long disease. The fda has already designated the breakthrough category. It has got a lot of pricing power. It is a disease that kills about 40,000 americans per year. The other reason is this is gets roche further. The asthmao build jokes a section of the business. The third reason is this is exactly the kind of old on acquisition we knew that roche and a lot of other players in the industry are looking to do instead of paying a billion dollars without any guarantee, they want to buy up their pipelines and buy jugs in late stage development. T
1. 8. Housing starts not too bad. Road map begins with netflix shares vaulting in premarket after the company trounced wall streets and its own expectations for the quarter. Ibm moving in the other direction. After revenue and guidance came in below what analysts had been looking for. President obama outlining his plan to help the middle class removing Tax Advantages benefiting the wealthiest americans. First up shares of netflix up sharply in the premarket. The company exceeding its own forecast adding more than 4. 3 million streaming subscribers in the Fourth Quarter, posting profits that blew past street estimates. During the interview, Reid Hastings asked for his latest thoughts on the companys ability to reach 60 million to 90 million subs in the subs. Looking very good. 39 million in the u. S. Adding 5 plus million a year. So the trajectorys great. And you know if you step back and you say is internet video going to be in every home in america in ten years, thats a pretty clear y
Back on the airplane . 10 days ago we were talking about an ipo and i go away for a week and come back and it its done. We will talk about it in this hour as well. Lex we thought of you. Do you waste the most time on . Candy crash . Checking the weather . It was inspired by the ipo. Tweet us. That is a good one. Here is my answer without question. Check on stocks, bonds, currencies and commodities. Futures up three. 10year yields comes in a little bit. To the next screen. Gold is a big story. 1370 an ounce. Has pulled back nicely. The Australian Dollar continues to get a tough day. Australian dollar a little bit stronger on the back of china news and commodity news as well. Where are we in the equity. Arkets . 1947 inflationadjusted dow. Up we go. A lot of the collation. Here we go again. Is that a bubble . I do not think so. Does not look like a bubble because you have 12 and three. Jeremy grantham with a great interview yesterday. He is a bear but says be in stocks. More money has ma