Netflix shares also in the red. I spoke with Reed Hastings for his thoughts on how the pandemic would affect the industry and how he sees the streaming wars playing out. First, a deep dive into what is moving after hours. Slack moving after the bell. Shares plummeting after filling fell short of analyst estimates. Abigail doolittle has been looking at the numbers. I just got off the phone with the ceo of slack, who focused on the demand they see accelerating in paid customers. They are still not seeing still not giving guidance. Afterch a dramatic impact hours . Abigail one thing investors do not like is uncertainty. Also, in terms of the billings miss for the quarter, it was not huge, but 6 . You would think that folks would be using the messaging platform during the stayathome days, but it signals the idea that some of the small and mediumsized businesses are hurt enough, signaling that slack could be a nice to have Technology Rather than a need to have. This stock really getting plu
Boris johnson sparked outrage. News out ofing south korea. We are getting the jobless rate falling to 3. 2 percent. The expectation was that the jobless rate would come in at 4. 2 percent so this is much better than expected. We are also talking about the sixth straight month of decline in jobless rates. That 270 4000ring jobs were removed in august from a year earlier. We know that south korea has seen its government really boost those job creation efforts not to mention we could have seen domestic demand being held by the Summer Holiday season and more jobs being available. The government pushing for a fourth extra budget. This is of course helping workers and businesses who lost income due to the latest restrictions and jobless rates. 3. 2 . In for august at watch out for what happens later in the following months given we have seen this flare up in virus cases towards the end of august, haiti. Haidi. Haidi pretty dire numbers coming out and we continue to watch what happens when it
Jackson hole goes virtual. Jerome powell gives an update on the central Bank Framework review. We hear from bank of england governor Andrew Bailey and ecb philip lane. No more lockdowns here. Italy joined france and spain and rolling out another nationwide shutdown. Despite rising cases in all three countries. Global infections past 24 million. The eu trade chief phil hogan quit after growing criticism that he broke my wrist rules by going to a golf dinner. Just under an hour away from the start of cash equity trading in europe as hurricane laura makes landfall in cameron, louisiana. See european futures swinging back and forth between gains and losses. Right now, dax futures up about 1 10 of 1 . The futures doing a lot of nothing. A bit of a stall after global stocks really had an alltime high again yesterday. I want to bring you some breaking news on wpp. The second quarter, organic sales at the advertising behemoth down 15. 1 . This sales hit was something that investors were focuse
Week in revenue. Well be leaving this Washington Journal Program to go live now to a hearing on Election Security. You can watch the remanldinder this program on cspan. Org. This hearing comes after we laid to rest a giant in Voting Rights. You must use it because it is not guaranteed. You can lose it. We must vigorously defend our right to vote, our access to the ballot box and the integrity of our election. In less than 90 days americans across the country will participate in an election unlike any other in our history. The covid19 pandemic is forcing state and local Election Officials to rapidly expand vote by mail, early voting and other crowd reducing election policies so no voter has to choose between their democratic rights and their health. As states scramble to administer safe primary elections seemingly administrative decisions related to the number and location of polling sites had substantive impacts on peoples right to vote. Long lines in predominantly black and brown neig
Hi, everybody. Thanks for joining us today, it is a slow news day in the republican conference. I want to start by talking about what we focused on in our conference this morning. And that is as we are debating all the big issues that we face here day in and day out in terms of legislation, and we will hear from mrs. Granger about some of that, it is very important to us all to remember and keep in mind what is at stake in this election. What is at stake, what america would look like under biden, pelosi, schumer regime. Biden and pelosi and schumer if we are successful in keeping the senate, which we must be, would ensure that the United States is not able to recover from covid for decades. We would see increase taxes, new red tape, we have seen efforts already to kill medical innovation, to expand Government Authority over every aspect of our lives, to expand Government Programs had that have been put in place for the emergency of covid, far beyond the emergency. Well see taxpayer fun