Where thee at a Forum Library will be unveiled. They will donate 2 million to summer job efforts. Im Alisa Parenti, and this is bloomberg. Emily im emily chang and this is bloomberg technology. Coming up, face the 2 million monthly active users, but couldnt add slow down be looming . We hear from the coo Sheryl Sandberg on their earnings report. Plus, tesla bulls can breathe easy for another quarter as the company confirmed its anticipated model three massmarket is on track to begin production on time. And our extended interview with ,ilicon valley veteran chamath taking on everything from President Trump, to advise for travised goober ceo kalanick. First, facebook shares are down after a quarter that missed earnings. The Biggest Tech Companies keep getting bigger, though, and facebook is no exception. They are at 1. 9 4 billion users, and at this rate, they could hit head 2 billion total users by next quarter. Another contributor is mobile advertising. Thanks in part to instagram. The
The week. Lets check in on the markets. The nasdaq closed at a record high yesterday. Only a tiny bit. Correct, but still. Lagged the dow for once. The resilience of this market is remarkable. S p futures down almost 5. Nasdaq futures down 17. The stock of the morning and weight on the market is apple. Shares slipping after iphone sales declined in the most recent quarter, falling short of wall street expectations. The Company Giving weaker Current Quarter revenue guidance. Lots more on results in just a moment. Did you see china growth as well that slipped. Asian equities, japan, south korea and hong kong closed for public holidays. Golden week holiday, right . Extended golden week. There we go. Either way, what is open, you can see down is australia. The ftse Straits Times in indonesia is up three quarters of a percent. A look at european trade which is negative today. Weve been up quite nicely over the last ten days. We also had eurozone march Producer Price inflation down about 0.
Santelli. Just as a note to viewers, we are monitoring fbi director comey testifying in front of the Senate Judiciary committee. Hes already made some emotional comments defending his decision to make public that investigation before the election last fall. Any further comments into russias role into the election, the trump campaign, the clinton campaign, well bring them to you. In the meantime, its 8 00 a. M. At at apple headquarters and 11 00 a. M. On wall street. L squawk alley is live. Good wednesday morning. Welcome to squawk alley. Post 9 this morning. Jon is on assignment. Jo guys, good morning to you both. Watching tech stocks closely here today. Worst day for the nasdaq in several weeks. Shares of apple are slipping after reports after the close last night. Continued weakness in china. Our josh lipton is watching all of those details. Good morning, josh. Good morning, carl. Iphone shipments might have disappointed wall street but apple ceo tim cook telling me in an interview t
The final president ial debate before those key elections on sunday is starting about now, and we will tell you whats at stake for the euro and your Global Investments coming up. Meanwhile, forget sign also of economic weakness. Federal reserve looks like it is on track for another rate hike in june. Naels according to the statement they put out just an hour ago. We will have more on how the market is reacting coming up. Plus this afternoon it is all about Mark Zuckerberg and elon musk. Their two companies will be reporting earnings after the bell tonight. We will get you ready for those reports and bring you the numbers as soon as they are released. Be interesting to see how that turns out. Meantime, shares of apple still trading lower. Coming off the lows of the day, but they were down sharply on the open this morning. Ian weidner from bush securities and were going to start with ian. You were our bear yesterday during our apple bullbear debate. I mean what did you learn in that repo
I think the president wants to do everything i can. Were changing to a system where who knows what happens. That governor may seek a waiver. Hopefully that fund is going to cover their preexisting conditions. It is a big change for people who live with those kinds of illnesses. We have a very diffet view of this. My view and i think the president of you is that obama care obamacare if you have a preexisting condition and you no longer had a Healthcare Provider or your premiums are going to the roof then you dont have a coverage and we just read that. Why change the preexisting conditions. We are strengthening. Lived in everything we can. Sure he can. I think the fundamental point that seems to be getting lost is that if you have obama care right now in case after case you are losing it. If you have a preexisting condition and you have a card that says obamacare then you dont have coverage. We are guaranteeing it. They made it very clear that preexisting conditions are covered in the bi