And President Trump wants federal agencies to work with social Media Companies to stamp out hate. But first, uber shares continue to fall after sales miss and a 5. 2 billion dollar loss in the second quarter. Much is due to the ipo in may. Cooper is trying to reassure investors, saying losses will come down over the next two years. Why such a dramatic reaction . Eric i think the stock reaction had to do with the revenue mix. If you are going to lose that much money, you have to keep growing. A 5 billion plus net loss is huge. That has to do with the stock tied to the ipo, but uber loses money regularly, although it did beat expectations. Emily are investors generally buying that this is a once in a lifetime of a company fix . Eric that narrative is challenged. I think if they were holy buying that, we would see uber above its ipo price. Analyst remain optimistic about uber. Many have buy ratings for the company, but there is a lot of Short Interest in the stock and there is a lot of sk
Yield down to basis points, the crude off 3 10 of 1 . Soggy is how i would put the market action. Time for your morning brief. Time for a look at the busy week ahead. Robert lighthizer and u. S. Officials travel to china for the first facetoface meeting since may. Tuesday, the bank of japan Rate Decision plus earnings from bp and apple and on wednesday we will get the fed Rate Decision followed by the chairs News Conference and earnings. Thursday we will get the bank of england Rate Decision as well as earnings from barclays and general motors. Friday it is jobs day for exxon and chevron earnings. Time for the bloomberg first. Ake the question is, the trade deal. On the agenda are still many things, from hallway to soybean huawei hallway wal to soybean buying. Low barthink that the for expectations is that they will agree to meet again, but no one is expecting breakthrough on the stalks and the best case is that they agree to continue them. Perfectly correct. The situation with the mee
Shares in Royal Dutch Shell drop as weaker prices hit the Second Quarter and profits fall to the lowest level in two years. And best in a decade barclays profits soar 80 in the first half as they hike its dividend our return on equity was 9. 3 so for the first half of the year it was over 9 , 9. 4 its probably the best statutory first half performance that barclays has had in nearly a decade and rio tinto shares come under pressure after the miners first half profits miss expectations despite a bumper special dividend we have a very decent Capital Allocation weve been implementing this for the last few years in terms of strength of balance sheet, in terms of investment in either growth project and returning cash to shareholders weve been doing that. Welcome to the Program European earnings season in full swing with key reports in the oil, mining, financial and industrial sectors shell its missed expectations reporting Second Quarter profit that fell 25 to a 30month low thanks in part t
One trader says get ready to pop the pepto, serious indigestion could be on the way. Beyond meat serving up another record high. Could anything stop this sizzling stock later on, it is game on as the fortnite world cup kicks off 30 million on the line and we put tim seymour to the test with some of the worlds top players and well find out how he did. We begin with breaking news out of washington just moments ago President Trump talking everything from tariffs to apple to the dollar to fed chairman powell, just moments ago Kayla Tausche was listening in live at the white house. It was a grab bag of topics for the president just days ahead of the first round of facetoface negotiations since a truce with china at the g20 President Trumpinjected pessimism into the outcome listen china will probably say, lets wait, it is 14, 15 months until the election, lets see if one of these people that give the United States away, lets see if one of them could possibly get elected and ill tell you what
Vision fund. Oh, snap. Bullish bets payoff. Four more users per day than percted far more users day than expected but can growth keep up . Department of justice is set to open a broad antitrust review into big tech. They are looking specifically into whether u. S. Tech companies hurto big that they competition. Joining us to discuss, tom got gurman, and, mark ben rhody in washington. Ben we dont know a whole lot. We are looking at here is a sort of complement to a task force that the federal trade commission announced. Doj share antitrust oversight. What is especially interesting that theye believed had split up the companies, the doj would only be looking at google and apple. Now it looks like they could be looking at something more highlevel. They could be doing criminal referrals to other parts of the agency. These companies could be facing scrutiny from both agencies. Emily the doj had taken oversight over alphabet and apple. The ftc was going to be looking at facebook and amazon.