Well have the numbers the moment they cross and the best analysis in Business News. Of course we are waiting for president obama during this hour to speak at the white house. Set to speak about his request for congress to authorize money and power to fight isis abroad before they infiltrate the United States. Well bring you, of course his comments live as soon as he takes the podium. Lets have a look at exactly where we are on the markets right now. The dow at its lows was down 109 points. Its quite a strong comeback although i guess for your Broader Market the s p still negative for now the third time in four sessions. We keep trying to make a hit at 2,068 and keep failing on that. Were five points higher than our recent range. The nasdaq is higher. This is the third decline in four sessions for the dow and the s p 500. Okay. Lets bring in our contributing panelists today. They include Keith Fitzgerald from money map press, Jack Bouroudjian with us from index Financial Partners jeff r
Speculation. But hes been busy shuffling his c suite, tweaking twitters product, and focusing on revenue. Costello spoke with us. Topic number one, twitters acquisition of nearby project a company that connects social media stars with advertisers. Its absolutely the very beginning of providing opportunities to viners who have done such great work at building this unique community of creators and connecting them to brands we think is just going to be a usome for the brands who want to leverage the great work they do to create stories and then build a career off the fun things. Do you find yourself competing with snap chat with this new generation of video creators . I think about it more as this unique platform weve developed and this awesome there are these stop Motion Animation experts, there are these comedians, there are these sort of vine magicians through some of the frame by frame animation work they do. And being able to leverage their talents to help brands and companies tell t
Echoing numbers by other big banks. In goldmans case a fuelest best quarterly numbers in years, confirming the strategy of a Business Model critics said was too risk yip in the wake of the financial crisis. Investors, however, were expecting the strong numbers and after a recent runup they sent the stocks slightly lower. Mary thompson has the numbers. While in the midst of the l crisis Goldman Sachs numbers packed a punch. I thought the results were quite impressive. The new york based bank posted the highest quarterly revenue in four years and highest profit in five. Thanks to the profit in trading business which generated more than half of the billion dollars in revenue. On a call, ceo Harvey Swartz said the higher rates in the u. S. And lower rates in europe spurred clients to take action. The largest economies had a significant impact. All of the goldman businesses investment banking, agoet managements and the firms investment and lending portfolio contributed to the more than 2. 8
Thursday night football deal. Shares of zynga tumbling after analysts overestimated the rebound in the game maker. Zynga was one of the leader in games played on facebook but now is trying to draw users on smartphones and tablets. For candy crush maker king digital, its going much better. The companys results showed they were diversifying away from the topselling game and having success with other games. Groupon is trying to convince investors that it is experiencing a turnaround. Sales were up 20 in the fourth quarter. Shares falling. Groupon blames the currency swings around the world for the forecast. Dealmaking takes off. Just weeks after reaching a deal to buy travelocity, expedia is at it again, striking a deal to acquire rival orbitz worldwide. 1. 6 billion. Expedia gears up to take on priceline answer new competitors. What does this mean . Here to help us figure that out, mark mo heaney of rbc capital, and sam shane. Im glad we had both of you here. The things driving this are
Targets chief Financial Officer. The cfo will be joining us in a power lunch exclusive to give us his financial forecast. We begin now with the health of the American House housing market, and new numbers on home sales as we begin to gear up for that spring selling season. Fingers crossed it comes. Youve got dr horton and toll. All moving to the down side. Lets get to diana who is live in washington. Hi diana. Hi mandy. After a disappointing report on january sales of existing home sales of newly built homes out today a bit more heartening but you have to keep them in perspective. Take a look. January sales came in at an annualized rate of 4,1,000. Thats flat from december but december had seen a huge 11 monthly jump, and we didnt give any of that back. Thats good. The 30year average for new home sales is over 700,000 a were. We still have a long way to go. Sales of new homes priced under 150,000 are onethird of what they were a year ago. That is why luxury home builder Toll Brothers i