80s. It was a day that the relatives of the victims have been waiting for for years. He admitted he was guilty of 13 killings and 62 rapes. We have coverage with why he decided to plead guilty. Reporter one by one Joseph Deangelo pleaded guilty to 13 counts of murder and 13 other crimes and admitting to other uncharged offenses. His attorneys cut the deal to avoid the death penalty. Display at this time is in the best interest of the state of california. The covid19 pandemic is causing delays in the courts. They wanted to make sure the victims and their families saw the Golden State Killer brought to justice. Many of these people are in their 80s and 90s. They may not be with us at the time of jury trial. People packed into a makeshift courtroom and prosecutors provided shocking new details. Did attend and for sherry onto her stomach and bad. He tied her wrists together. Reporter he was sentenced to 11 consecutive life sentences without the possibility of parole. The scope of his crime
Post nine of the New York Stock Exchange Morgan Brennan has the morning off. Dow session low was about 150. Well start with this rally in tech leading the s p to record closes yesterday these regulatory headlines out of d. C. Not slowing down the momentum out of the valley evaluation partners, early facebook investor, Roger Mcnamee is with us to talk about facebooks print they cant lose. No. What would it take to slow these guys down . To be clear, i think from an investor point of view, theyre delivering exactly what investors want and as long as that goes on, the stock is going to be fine to me, the question is the policy one that all of us as citizens that our government has to ask, which is, should there be some limit on what businesses can do when the actions of that business affect public health, democracy, privacy, and competition. And, you know, were wrestling with that right now and the governments getting its gears moving, but it goes slowly and until i guess its going to nee
Joining us is josh brown. I think this is so important, we have this continued strength in the big indices and faang is not leading. This is the thing that everyone has always said. Its a very narrow market, only a handful of stocks. That is not whats get on this year yes, theres been huge performance in some of the faang names. A lot of that was recovery, but you have a broadened rally, something weve been looking for for a long time, and you have great rotation you still can get new highs out of the indices one thing i think is indicative of that, boeing down 2. 7 , give or take, thats the biggest weighting in the xli, almost 9 . Caterpillar, also a bad day. Thats either the third or the fourth biggest weight in the xli. Despite the xli, its doing great. You have other names picking up the slack. And that tells that theres strength everywhere. Thats really what a lot of people like myself have wanted to see. Of course in a price weighted index like the dow, they are dragging. Boeing
Bonds as we get q2 gdp this time tomorrow. Earnings, the busiest day of the season. Majors like facebook and ford on the move, dow chemical, inside look of the quarter from andrew. Hey, you get on to my cloud. Oracle buying netsuite for 9. 3 billion citing strats youlike synergies. The final day of the Democratic National convention ringing endorsements for Hillary Clinton from the president and Mike Bloomberg last night. The candidate takes the stage tonight and we will go live to philadelphia. First up, facebook with a massive earnings beat that has the stock set to hit alltime highs this morning. Eps 97 cents, beats by 15 cents, 6. 4 billion in revenue, monthly active users 1. 71 billion an mobile continues to grow, mobile ads 84 of the ads that facebook shows. Mark zuckerberg stressed video again and again on the call. Even turning a question about pokemon into an answer about video. Take a listen. One of the big themes were talking about here is becoming video first. Right. And as
In line with the estimate of 35. 7 billion. The board is affirming all 2016 guidance. The incredible thing is north american operating margin 12. 9 . Global margin 9. 8 . Those are records for ford. They may be records in the Auto Industry in general. I am going to look through this. There is so much stock news. Jon it is very much risk off. Lets get you up to speed on what is happening in global markets. Futures in the u. S. , negative. Negative 16 on the s p. The nikkei to 25 deep in the red. The boj does nothing. Here is what happened to dollaryen. Hyeading much lower. Down as much as three percentage point. I can tell you where it is on my screen. Dollaryen at 108. 05. Lets cross over to matt miller. Matt we are getting more earnings out. A slew2 of companies. 181 of the s p 500 companies are coming out this week. Conoco phillips with an adjusted loss of 95 cents per share. I want to also point out viacom has come o ut. Viacom is looking like 76 cents for an adjusted eps. We were l