Not joe biden, Elizabeth Warren, or even impeachment, its recession. Carol and 2020 is sure to bring about the great antitrust awakening. The question is not just whether to break up Companies Like facebook, google and amazon but how the laws are enforced. Kailey much more ahead. We begin with joel weber. 2020 start of a new decade, what , are the big things we needed we need to be watching . Recession . You hit a couple. Recession is one thing everyone is really wary of. It has huge implications for the Trump Presidency and the u. S. Economy and the Global Economy as a whole. So our interest to gives a survey of the World Outlook as a whole. 2 growth is what has been a projected for the u. S. But , theres always a chance of it being revised downward. It comes down to the u. S. Consumer is capable of. In many ways, the Global Economy is on the back of the u. S. Consumer. Carol we go from the economy to elections. You guys cover that rightfully so. And the u. S. Is not the only place wh
Max airplane back into Flight Operations is still on schedule Dennis Mullen burke said the target date is by the end of this year but the aviation giant has been very troubled because of the 2 fatal crashes of the 737 max 1st the lion air crash nearly a year ago and marchs crash of an Ethiopian Airways jet liner this is a situation that has had a devastating impact on boeings bottom line it lost 21 percent in revenue from a year ago and it also saw a nearly 50 percent drop in its share price this is also coming as the federal Aviation Administration which certifies whether airliners can fly itself is coming under pressure the Inspector General for the department of transportation here in the United States says that the f. A. A. Needs to upgrade the way that it approves planes to be put into service this is all coming as Dennis Mullen bird the boeing c. E. O. Is getting ready to testify before congress about the 2 crashes involving the 737 max he told investors and analysts on a call on
Good thursday morning. Welcome to squawk alley. I am Carly Fiorina with Morgan Brennan and jon fortt. A busy day of earnings, some tech, some not to sort through today, microsoft, paypal, ebay and others on the tape two biggest movers going the opposite way, tesla is surging, twitter is tanking Julia Boorstin and phil will he be lebeau is with us. This is a stock having a rough day, one of the worst days ever as a public company, on pace for the worst month since july, 2018 shares down almost 19 lower despite growing the user base to 145 million active users. The reason it is tanking, revenue and earnings fell short of expectations as technical issues keep them from Fourth Quarter ads. Jack dorsey looked to reassure investors. Unfortunately we had some missteps in our map ads in july and august despite that, saw strong september results and good advertiser momentum. He stressed the commitment to clean up the platform and eliminate abuse. 2020 elections and integrity of the conversation
Barbara duran from bd8 capital markets. Thank you for joining us today weve got a lot of forces at play again another kind of side waist market, but some Risk Appetite if you look at whats moving higher today i agree with that i think that the action has been very constructive. And i think whats going on is youve seen the earnings expectations come down you had just a little sample last week, but majority of Companies Beat earnings and the most important thing, i think, was jpmorgan and American Express talking about the strength of the consumer in loans and spending and thats really the underpinning to the economy. And so we also know the fed, they have a meeting coming up. Im not expecting them to cut rates, but they have made it clear they stand ready and i think that forms an underpinning for the market. And not to mention china we have a little truce there i think we were all expecting some more down babeat commentar from what weve heard so far but so far, its been okay maybe rest
Growth in the apriljune quarter. The growth trend is only down very, very slightly. This was a positive gdp report. And here is the market reaction, fairly muted. Around 2 00 even this afternoon, well find out what the Federal Reserve is doing with Interest Rates. A quarterpoint cut widely expected, but its what comes after that, that has invest terse on edge. The dows up a couple of points, same with the nasdaq. Look at these stocks premarket, facebook and apple. They report at four eastern today. Well be watching to see how apple forecasts upcoming holiday sales. As for facebook, we want to know how many people droppedded off the platform with all that negative publicity. We also want to know if their ad revenue continues to surge. Facebook and apple up premarket. Youve got to look at this, california faces a real crisis today. The fires are raging, and today the wind picks up bigtime. Our heart goes out to the millions without power and the hundreds of thousands evacuated. Californi