Facebook shares in the red. Even though results did beat on the top and bottom line. Total revenue up 39 . Some of the decline possibly attributed to the surge in spending. With expenses up 82 . On the call, Mark Zuckerberg continued to tout progress with video. Take a listen. Video continueses to be some of the richest and most engaging content for people and publishers and since the start of the year, pages are also sharing 40 more video. We updated our news feed ranking to help people see more of the videos they care about and techting option force video monetization to help our partners build their businesses. Jon, 24 hours ago you said it would be the line item to much with and a its clearly the focus. Given the fact that facebook ran up so much over the past several weeks, this level is just about where it was trading two weeks ago. When you think about it in those terms, not necessarily that bad. But so much of what facebook had to say on the call was positive. Think about Faceb
To teach you how to learn from both my wins and my mistakes so you can replicate the wins at home but avoid the losses. These are all taken from real Life Investments made with my Charitable Trust, where we document every trade in realtime so we know what went through the minds of both jack moore, our research director, and myself contemporaneously as we tell you what we would do before we pull any trigger. So often were restricted because if i mention one of the portfolio stocks on air on season, the trust is frozen, and the trust cant take action. But we can tell you what the trust would have done. Sadly, because of the restrictions the trust really cant do as well as you might be able to do the bulletins from actionalertsplus. Com. But these lessons well learn tonight, they encompass all the moves we could have made and did make. Ill spare you the gritty details of the actual bulletins but i wanted to fill you in on the misjudgments that lead to losses and the correct thinking that
Both my wins and my mistakes so you can replicate the wins at home but avoid the losses. These are all taken from real Life Investments made with my Charitable Trust, where we document every trade in realtime so we know what went through the minds of both jack moore, our research director, and myself contemporaneously as we tell you what we would do before we pull any trigger. Because if i mention one of the portfolio stocks on air on season, the trust is frozen, and the trust cant take action. But we can tell you what the trust would have done. Sadly, because of the restrictions the trust really cant do as well as you might be able to do the bulletins from actionalertsplus. Com. But these lessons well learn tonight, they encompass all the moves we could have made and did make. Ill spare you the gritty details of the actual bulletins although we write them, i think, the misjudgments that lead to losses and the correct thinking that leads to gains. First let me describe the process by w
Reaction and what it means for rates. Europe putting together some green arrows. 10year 1. 86 a onemonth high. And in a few moments, meg whitman from hewlettpackard and the companys strong results. 242,000 is above expectations of about 200,000. Wages weak. An annualized rate of 2. 2. We were looking for 2. 5. Revisions added 30,000. Wages, once again, the crux of this conversation. Its becoming a real puzzle, while everything else, labor force, reacts the way you want, wages do not. Theres something for everyone in here. Something for the bulls in the jobs growth and something for the bears in that wages are not growing along with jobs. Manufacturing lost 16,000 jobs as we continue to wonder whether the manufacturing recession in this country has bottomed. Thats not a good sign. Obviously, carl, that 4. 9 Unemployment Rate and the higher than expected job growth is good. Thats why people are calling it a goldilocks number. The Dollar Strength ed on the report, treasuries sold off. The
Unsolicited stakeover bid led by anbang insurance group. Well give you the latest. United airlines ceo back to work today but the activists are not cutting him slack. Whats ahead for munoz and the airline at large. Starwood is up sharply in premarket trading. They received a takeover proposal from chinas anbang insurance. Its worth about 75 a share in cash. The board of starwood says it is not changing its recommendation at this point and supports the companys planned merger with marriott, but they have a waiver from marriott that will allow them to negotiate until thursday. People familiar with the situation indicate the hope is they can hammer out a definitive agreement with anbang insurance, which has chris flowers, former investment banker people may have known. And primivera, not an old Italian Restaurant on the west side, but a large private equity firm in china. Some of these names may be unfamiliar, but the 76 a share all cash offer and that 5. 50 is a significant premium over