Come up, excluse of ive insightm jamie dimon and ray dalio. Shares of uber, theyre sinking on continuing losses, more than a billion dollars in the Third Quarter. But the ceo predicts profitability within two years. And done everything right goings new chairman backing embattled ceo Dennis Muilenburg of the max crisis. Uber, shares falling stocks now 35 below the ipo price in may yesterday on closing bell, the ceo said he sees profitability as david said for the company in 2021 it was a very significant beat on the top line in terms of Revenue Growth accelerating and the bottom line. We increased our 2019 midpoint of our guidance and ebitda by 250 million. Ill tell you, while we havent finalized our planning, and it is going to take a lot of hard work from a lot of folks, were targeting 2021 for adjusted ebitda profitability full year sort of echoes of what lyft said last week street is mixed on this. I saw price target cuts and raises today. You got rbc saying that there is 1. 7 billi
Natasha going to. Baghdad. Still ahead on aljazeera go up into the remote mountains of central asia to see how wildlife is making a comeback such as these Snow Leopards. Hello its still remarkably wet in the South China Sea even a potential development of a tropical disturbance here on the coast of vietnam now this on the you would expect the main rain belt to me moving south and we certainly have seen some showers in java and there in the forecast but thats not where most of the race is still further north borneo thailand yet now indeed the philippines are all looking relatively wet and should have caused by the time to dry up showing no immediate signs of that this is choose dates even more concentrated around the coast of vietnam and through central and Southern Thailand and miramar is just a mass of green which is our way of forecasting that rain south of all this active weather at australia still and this is this cultural pair there always produced sandstorms of course on the way
American consumer. Well explain as power lunch begins right now lots of green on this fall monday take a look at the markets all three of the major measures that we follow the dow in 2 of the record high as we look to finish out the Third Quarter. Check out apple. Jumping as jpmorgan says the stock could soar well have more on that. thanks the ongoing impeachment inquiry taking the turmoil in washington to new heights eamon is live with the latest. Reporter on squawk box this morning we got a sense of how some people in white house are viewing this impeachment process up on capitol hill the president s trade adviser was on he gave us husband view. Here his view this is an attempt to run around the ballot box and these radical democrats told us this much i think its war the congress has declared war on this president the American People reporter that matches toeheb tone of what you hear from aides and this could be a long process. Its going to require a real robust white house effort to
China, which has chinese stocks bouncing today weve also got another big announcement as well dont miss the debut of a new segment here on closing bell today. The market zone is coming up into and after the close well bring you the stocks and stories every investor needs to know and it will look a little different as well. Joining us for the hour is mark tepper from Strategic Wealth partners mark, thanks for being here. Thanks for having me. Looking at the dow today, were up 154 points. The s p is also hovering right around 2980, it looks like a decent last day for the month of september as we head into these final three months of the year, what are you watching the most closely . I think the biggest catalyst right now is a potential trade deal all eyes are looking on this meeting next week between the u. S. And china, because if you think about it, its really, really difficult for ceos of publicly traded companies to execute on their growth plans if they have no visibility as to what
Barbara doran from b88 Capital Partners good to see you, barbara less than two weeks until the official u. S. China trade talks kick off and a new wrinkle as to what will actually happen when both parties meet. It is definitely a new wri wrinkle today. For me the bigger concern emerging is what happens to the consumer all of the consumer data this week was pretty terrific, except for Consumer Confidence numbers. Housing, et cetera, we continue to have strong wages, growth, that sort of thing but for the first time, were seeing Consumer Confidence down a little bit, consumers and surveys are saying, hey, trade issues have crept into their head and, you know, my real concern is the margins of companies, if they start to do layoffs, that hurts Consumer Confidence, and stops spending and that is the underpinning, which by all accounts, we all agree. By the way, the china has got markets spooked. Nasdaqs down 1. 6, the laggard of those indices. Bob is with us for the full first hour, which