9 after reporting yesterday afternoon. Lets take a dive deeper into snaps quarter stifels john eggbert and Lloyd Wamsley of Deutsche Bank joins us now gentlemen, you both have buys on this stock, and there was interesting commentary from snap about how theyre expecting lower user growth in the Third Quarter, and theyre also anticipating there will be significant revenue headwinds, even though the first 19 days of the quarter they showed 32 Revenue Growth so jon, tell me, why are you so bullish . Well, im bullish because of the longterm story. And i think that the underlying trends are still intact. On the short term, it sounds like the Third Quarter will have some complications were not exactly sure how much sports well have. Back to school may be limited in parts of the country feature films wont be launching like they normally do, and those are big areas of brand advertising spend that snap and other Digital Media players benefit from in the short term but in the long term, the direc
600,000. Los angeles is facing a new lockdown. Tokyo and hong kong reporting record numbers. Australia is set to deliver a new budget, may be the biggest blowout since world war ii. Lets take a look at how we are setting up when it comes to markets. Ures this is how it is shaping up when it comes to the future contracts. A Third Straight week of gains when it comes to the s p, managing to withstand the lakesession latesession wound. Slow but steady rotation away from growth in tech. Much more going into value. Futures are up by about 0. 1 . Positivity when it comes to the trading in tokyo, just about 0. 2 higher. Chicago nikkei futures are higher, all eyes on whats going on in brussels with now three days of negotiations in the eu to reach this agreement on the stimulus package and hand out details. We are hearing details, including that the netherlands and austria remain the strongest holdouts in the eu recovery talks. A bit of anxiety playing through when it comes to the eurodollar t
Facetoface talks in months, but the warm greetings mask deep divisions over a virus recovery fund. Plus we have to be tired of this, because i am tired of f it. Forchor u. S. Cities brace another weekend of violencnce as street crime leaves hundreds injured or dead. Correspondent in sports, lewis thelton is at practice at hungarian grand prix. Anchor thanks for joining us. New flareups are prompting new lockdowns as the coronavirus continues to ravage the world. Record 237,000 infections were reported in the last day. Restrictions have been reimposed in israel and the philippines, as well as more state in india, which has become the third country to record more than one million confirmed covid cases. The other two, are brazil, which now has more than 2 million cases, including its president and over 76,000 deaths, and the u. S. That is where more than 3. 6 Million People have been infected, 77,000 in the last day. Nearly 139 thousand people have died, including 948 reported thursday. T
The u. K. Suspense is extradition treaty with hong kong in response to chinas controversial new security law. There has been a breakthrough in the urgent search for a Coronavirus Vaccine here in the u. K. A candidate treatment developed at unprecedented speed at the university of oxford showing promising early results. Scientists say it is safe for humans and triggered the critical immune response that could stop the virus in its tracks. Larger trials still need to be done. We begin our coverage from oxford. Reporter phase one could have gone better for the oxford team. Early positive signs now confirmed in the research. This is an important milestone on the path and we are moving rapidly forward to try and evaluate whether the vaccine actually protects the population by conducting largescale trials. We have 10,000 people around the world. We still need to see how the vaccine performs in older people who are more susceptible to disease. There will be more complications to compute repor
Coming up for the rest of the hour. The chairman and ceo of train technologies trane technologies, they do hvac. We will talk about how you recondition all of the airconditioning units that we have to allow us to basically eat and drink inside. A really important conversation as we think what will happen as we approach the autumn and fall. What will happen to the service side of the economy. The banks are in big focus. 93 man sachs reporting a surge in revenue on the stocks and bond trading in the Second Quarter. Highlights is our bloomberg wall street reporter. They have a lot of questions about the m a environment. Goldman the lead m a advisor. The backlogn saying is higher, but he expects activity to continue in the next two to four quarters. , but we will see them come back. There are a lot of uncertainties. One question was about the election season. Solomon warned that is a ways away. As we know in the u. S. There are major uncertainties with how largescale deals are viewed among