Of trade, the nasdaq down by five points. So there you go. Welcome to after the bell i should say, im connell mcshane. Melissa im melissa francis. Here is what is new at this hour President Trump at the United Nations Holding Meetings with several World Leaders today, including one with the president of egypt of the president defending private talks with the ukrainian president about joe biden as tensions with iran continue to escalate. Well bring all the breaking headlines from President Trump at this hour. Four months of demonstrations in hong kong as the city is on edge ahead of chinas 7 this anniversary celebrations. Well later this hour speak to one of the organizers of the protests fresh off her meetings with lawmakers in d. C. On the movement and what demands need to be met. Apples commitment to manufacturing. Details of the tech giant latest investment in america. Connell fox team coverage. A lot going on. Jackie deangelis on the floor at the new york stock exchange. Blake burm
Turs the dow and s p are a little lower. Nasdaq is on pace for the fourth weekly gain. Being looking at raise yeah, the nikkei up and shanghai composite. The ftse is down slightly, actually flat. So is the dax. The cac is up about. 2 . The 10year is yielding 1. 779 in our tariff news du jour, the u. S. Is going to temporarily free more than 400 products from the 250 billion in tariffs imposed. According to documents said to be published by trade representatives today. Including items such as Christmas Tree lights, retractible dog leashes. What . How did that get on the list that wouldnt work for my dogs if it went out, when i brought it in, something would be attached to the mouth. Filters for kcups, tiki torches, grills, electric skate boards stemming from more than 1,100 requests from companies. Holding lower level talks in preparation for higher level talks expected in october. Here is what Vice President pence and black stones steve squartsman had to say. For too long, one administ
The video streaming Platform Company sees its second sell rating. A pivotal reachers Pivotal Research calls the stocks first to our top story. Facebook has suspended tens of thousands of thirdparty apps that were using the companys developer tools as part of a review facebook started following the cambridge analytical privacy scandal. The number of suspended apps was at 400 in august of 2018. Facebook stated that not all of the apps were necessarily abusing or selling user data. Many were not live when they were suspended. I am joined by bloomberg out of d. C. And San Francisco. Fact they are closing down some of these apps showing facebook is finally doing enough . Its unclear if any of these apps were on were important or relevant. I do think it shows the followthrough. We are going to review all the stuff and take it seriously and see if we can find any apps that are violating these policies. They are actually going out in following through. I think its a good sign they are stepping
With at least one ftc settlement in its rearview mirror. The Company Posted secondquarter results, shares are up as most of wall street says fundamentals remain strong. Tesla resorts secondquarter results, cutting losses and wall street reacts. We will break down what went wrong and right. Our top story, facebook out with secondquarter earnings, proving the company can grow advertising and users while feeling the heat from regulators worldwide. Hours after facebook announced a settlement with the u. S. Federal trade commission to end a probe into the privacy policies, the beingy confirmed it is investigated by the ftc on antitrust as well. Facebook was alerted to the investigation in june but is just now sharing the news with investors. This as growth in revenue and daily active users Beat Estimates but with its reputation continually under assault, how . David, first of all, what is your take on this new investigation by the ftc . David it doesnt really surprise me. We have multiple p
Billion fine on facebook. Trumps topjob as spy. What that could mean for National Security. Xecutive shakeup at lyft chief Operations Officer jon mcneill is leaving after joining last year from tesla. Founders say they wont hire a replacement. Why is he leaving . Mark that is a very good question that we dont quite have the answer to yet. It is an intriguing situation. He didnt even last two years. Wheres also a situation you are a very experienced executive coming in with a mandate to oversee operations but you also have two founders of the company and you have ideas of how the company should be operating. We note in the story that his , came from and coo amazon, didnt last three years. There are questions about whether they could sustain somebody in that role. It may be telling that they dont plan to hire another coo. Emily lyft shares are down. What is the plan . They will have to outline that. Profitobably wont have but they will have to disclose in a week and a half. The plan is t