Facebook shares in the red. Even though results did beat on the top and bottom line. Total revenue up 39 . Some of the decline possibly attributed to the surge in spending. With expenses up 82 . On the call, Mark Zuckerberg continued to tout progress with video. Take a listen. Video continueses to be some of the richest and most engaging content for people and publishers and since the start of the year, pages are also sharing 40 more video. We updated our news feed ranking to help people see more of the videos they care about and techting option force video monetization to help our partners build their businesses. Jon, 24 hours ago you said it would be the line item to much with and a its clearly the focus. Given the fact that facebook ran up so much over the past several weeks, this level is just about where it was trading two weeks ago. When you think about it in those terms, not necessarily that bad. But so much of what facebook had to say on the call was positive. Think about Faceb
What bill is trying to do here, it is still early and you cannot tell. Just like we have seen, these are the highermargin products. ,ou are buying oreo cookies ritz crackers, so you have got the high margin. Lower productivity, lower margins than its peers. 3g doing their operational cost cutting overhaul was able to take this company 40 , take that drive powder, get into the transaction, and now that it is trading at the preview trading as it is, the verdure, potentially with pepsi. Erik what i am trying to understand, and maybe you could is why does bill ackerman see a need . Is it a bet on nelson . Peltz is in there on the board. Is hell dissatisfied with what else is doing or does he believe that what peltz and his people are already doing at mont elise a window . He has been in that position and then the company for many years. When you want to get this kind of costcutting or a major move, can you really do it with management . Bill ackman to do that with burger king, d remember t
Members on top of the truck of some kind with weapons drawn and pointed we are assuming is the man on the grounds where told still at this point and a very large crowd here watching seen what is happening and expressing concerns i would say about how police could handle the situation we do not want to see this turn into a deadly situation become back out here i you know what i heard from the department they will try to stay out here as long as necessary we will have live updates on breaking news as we get new information. Grant reporter auto shop that was destroyed was a five story apartment complex under construction, and now is just a pile of rubble. The intensity of the smoke and flames leapt as of the entire block was on fire. The sixth alarm fire broke out before 3 00 a. M. Causing major damage. It destroyed an auto shop 105 unit apartment complex under construction of the apollo 39 adeline meets. By daybreak you can see the complex across the street had many windows shattered it
Ont as far as what is going in china, every day, around 2 00 p. M. , chinese time, markets recover because state money comes in to buy stocks. Will be closed on the mainland, and tomorrow they will be closed for the military parades and victory celebrations for world war ii. Here spurredsses by the chinese erik s p 500 ended in correction, more than 10 down from its recent high on july 20. Matt the big losers in percentage terms netflix was down on concern apple is going to meet its lunch with original content. Dollar tree was down because it is trying to absorb family dollar. Erik the guidance with disappointing. And there was no revenue guidance because they have to deal with the purchase of family dollar. The point mac moran makes copper. Copper was down, and i think it that said competitors are not going to stop. There were some winners that were interesting. Cablevision erik i will hold you right there because matt American Airlines . Erik no, marc faber is going to be with us. He
What do we bid on when the market comes in from the auction or because theres too much profit not to take something off the table. What can you still sink your teeth into . As the averages barely budget, dow up 11, s p slipping to. 06 , thats 9 , and even after years and years of managing money in some form or other, these questions swirl through my head as i look over todays action after a big up day yesterday. It is always like this, the big rally, the consolidation, trying to pick what can still move and making sure that you wont buy something that wont be able to will rally because its just plain bad. Now we had a momentum market going here, meaning investors are chasing whats hot and if you dont mind buying high, theres plenty to choose from. It is just ramping and hey, you can buy netflix, amazon. The two sainted stocks that dont need to show earnings as theyre all about the love of their customers. You can use the big secondary offering from facebook, and 41 million shares from