Its not difficult to be crabby when you are basically living hand to mouth with government stimulus. I thought that encompassed the markets perfectly for a day like today. A lot of earnings coming out. Delta looking at a 50 cut in daily cash burn by the end of june. In terms of their First Quarter loss, they had about a . 51 loss , and revenue was down 18 year on year. As we expected, pretty brutal when it comes to delta. Baker hughes, oil services company, saying the outlook for oil and gas is certain. No kidding. The revenue down by about 4 year on year. 0. 11, acoming in at little bit light. Lets get you some of the headlines here. All of todays market moving news from new york, as will is washington. Brent crude getting sucked into the lowest level since 1999. Bloombergs part two thought to be role bloomberg spoke to thought he be role spoke to fatih birol. Some of the countries are cutting their production earlier than announced. Others joined them. If others do not follow the ste
Good morning welcome to Worldwide Exchange. Im wilfred frost. Lets get to the markets quickly. We are higher in the premarket 16 points or so on the dow about 10 or 11 points on the nasdaq s p up 2 yesterday we did see the s p and nasdaq up about 0. 1 the dow led the charge it was up about 0. 3 in terms of trade in europe, broadly mixed. Asia is first. Sorry. Strong seconds ssion in asia. No real data or catalyst, but we are nicely higher. 1. 9 for hong kong european trade not as impressive its a mixed session its improved, as you can see in the last 20 minutes or so. The dax ended higher yesterday despite Angela Merkel saying she prefers fresh elections to governing as a minority leader, which feels like a gamble. The tax is higher today. The markets in general shrugging off the german Political Developments of the past couple of days. Back to the top story. The u. S. Justice department filing a lawsuit challenging at ts proposed acquisition of time warner. Leslie picker has the detai
Rose 3. 8 to 2. 97 million from 2. 79 million a year earlier according to the labor department. David Charles Evans as we mentioned would not rule out the central bank pulling back in the Bond Buying Program in sent. That is lot earlier than he said before. The markets have begun to digest a world whereas set purchases are finite. Liz the department of justice suing bank of america for allegedly defrauding investors in connection with the sale of more than 850 million worth of residential mortgagebacked securities. The doj says the bank failed to conduct Due Diligence on any of the mortgage loans. David also sony has reject ad proposal from activist shareholder daniel lobe to spin off part of its entertainment business after actor director George Clooney brassed lobes plans. Sony said holding full ownership of movie and Music Division was fundamental to the future. Liz the shine coming off gold a bit today, falling below 1300 a troy ounce as you see, 122. That decline is the sixth sess
Operator: Good day, and thank you for standing by. Welcome to the Ooma Fiscal First Quarter 2025 Financial Results. At this time, all participants are in a listen-only mode.