Moon, super big and superbright. The first time in 15 years of bloomberg has synced up with a supermoon and a total lunar eclipse. Global news, 24 hours a day, powered by more than 2700 journalists and analysts. This is bloomberg. Emily im emily chang. This is bloomberg technology. Coming up, facebook, hit and miss. Our look at fourthquarter earnings for the social media giant and the most concerning metric or wall street. For wall street. How microsofts push into the blockchain and the cloud added to its bottom line added to the its bottom line this quarter. How microsofts push into the as Travis Kalanick and larry page get ready to testified. Facebook reports its fourthquarter earnings results. Here are the highlights. Revenue coming in at nearly 13 billion, beating the highest estimates from analysts. Monthly active users totaling 2. 1 3 billion, while daily active users came in at 1. 4 billion, slightly below forecast, one of the most important metrics that wall street cares about.
And cnn reports President Trump wanted to know where special counsel russia investigation was headed and asked if Deputy Attorney Rod Rosenstein was, quote, on my team. The top doj official in the russia investigation has sought trumps support in fighting off document demands. And the moon puts on a rare cosmic show today, a red blue moon, super big and superbright. The first time in 15 years a blue moon has synced up with a supermoon and a total lunar eclipse. Global news, 24 hours a day, powered by more than 2700 journalists and analysts. This is bloomberg. Emily im emily chang. This is bloomberg technology. Coming up, facebook, hit and miss. Our look at fourthquarter earnings for the social media giant and the most concerning metric for wall street. Plus, microsoft earnings also on cap. On tap. How microsofts push into the blockchain and the cloud added to its bottom line this quarter. The court battle between uber and waymo. We will get coverage as Travis Kalanick and larry page ge
Streak as the tenyear pulls back from highs. Bob pisani here at the nyse. Lets start with you. Listening to this lovely music. Im 12 years old again another thing about today, selloff in the middle of the day. Three days in a row this is happening. Up 350, cut essentially in half. The market started very strong in fact, the cyclicals were the story. Looked like early january. What i mean by cyclicals, growth names. United technologies up 3 . Thats moving the dow up 30 points boeing was much stronger earlier in the day still up but a classical cyclical name. Lets show you 3m. These are all dow components, cyclical stocks, all of them, up 1. 5 , 30 points. This was 237, 238 and now back to 235 caterpillar up 2 , fourpoint gain another 30 points. This was almost 160 just a couple minutes ago finally, one group that hasnt been doing that well today, the bank stocks. Goldman sachs, all the big bank names are down fractionally. Even though there hasnt been huge moves in the tenyear you cant
First, to the lead. It has already remaining tesla is raising money, they have expanded and offering to raise 140 million more than they already have. What will they spend it on . Why are investors excited . Am joined by panelists start with why are people so excited . The reason they are spending this money, they are sending it for growth on a model three, investment in the model, the other factors, people are looking at this and they say that this demand for the sends agnals strong signal to the market that growth is coming down the road and people are excited. Emily the same time, eric, they made it clear that they will not be able to make as many cars as they thought they were going to make this year, isnt that cause for concern . The development of a vehicle andcost a billion dollars takes many years. It is not just for the current environment that they are worried about this. It is the development of the model three and other future projects. You need capital well ahead of time t
Have expanded and offering to raise 140 million more than they already have. What will they spend it on . Why are investors excited . I am joined by panelists. I want to start with why are people so excited . The reason they are spending this money, they are sending it for growth on a model three, investment in the model, the other factors, people are looking at this and they say that this demand for the products signals sends a strong signal to the market that growth is coming down the road and people are excited. Emily the same time, eric, they made it clear that they will not be able to make as many cars as they thought they were going to make this year, isnt that cause for concern . The development of a vehicle can cost a billion dollars and takes many years. It is not just for the current environment that they are worried about this. It is the development of the model three and other future projects. You need capital well ahead of time to finance development. Eric is right. When w