Deidre markets closed up after a fiveday losing streak. Twitter, moving postmarket. Lori rothman, with me now, she has more from the new york stock exchange, lori . Twitter is headline, deirdre. Revenue grew 61 on solid ad sales. Get this 80 of those users are using twitter on their mobile devices. 6 rise in cost per ad engagement. That is great sign for twitter that their ad strategy is getting traction. You see twitter shares off the postsession highs. Positive reaction to Second Quarter numbers especially going back to the First Quarter, which was not only surprise since they came out at 3 00 during the trading day in the First Quarter but a disappointment too. Lets step back to look at broader market. Our session, finally stocks snapping a fivesession losing streak with the dow closing up 189 points to 17,630. Still negative for the year. Well hear from janet yellen and decision on rates and accompanying statement tomorrow. Nasdaq up 49 points. Lets break down the dow 30 for you. L
Ahead of the. Connell the story has been there for years and the effect of the Federal Reserve easing money policy. You would think on the economy and the Federal Reserve is able to prop up and help our economy here over the last few years, some would argue our economy should have been strong or you wont get the argument that the stock market should have been stronger, no doubt the Federal Reserve has helped stockmarket. Submitted into evidence, the Federal Reserve Balance Sheet compared to the Dow Jones Industrial average and the two charts basically track each other. What does that mean, the Federal Reserve Balance Sheet is the fed pumping money into the economy, what has been known as quantitative easing, buy bonds, keep Interest Rates low, stocks have gone up. The theory here and the evidence and the chart is here to support it that the fed who you think would be there to support the economy and help the economy for years has been helping the stock market so what will happen to the
As they put it, solid job gains. The gains you see with your money and your portfolio hold in this final hour . Got to watch your money on count down. A massive data breach, united airlines, americas second biggest carrier was indeed the target of hackers who made off with personal data of millions of you flyers with secret travel manifests. United hackers linked to chinese hackers kissel personal information for millions of anthem healthcare members and from the u. S. Government humanresources database. The biggest government reach in history and not just chinese hackers creating a very weakened national defense. Fox business exclusively reporting twitter is now the favorite recruiting tool of the islamic state. The fbi director wants twitter to pay a larger role in monitoring terrorist activity. Will it . At this hour of the social media signing the not. No decent user growth to speak of. The cybersecurity corp. The frontline of the battle for National Security is america already los
Star. Varney company is about to begin. Remember Malaysia Airlines flight 370 disappeared 17 months ago, a section of a wing found on an island in the indian ocean cant say conclusively its from the 370 plane, but investigators have identified the component on the French Island as a flapper arm from the trailing edge of a boeing triple 7 wing. Theres only one 777 missing and thats flight 370. Now the island is near mad gas madagascar madagascar, 2300 miles from the search from australia. If its correct it would be the First Physical piece of evidence since the plane crashed in march of 2014. Theres the update and now this. Donald trump has taken a commanding lead in the republican president ial race, according to a now reuters poll, trump has 25 of the vote, thats double the next candidate in line jeb bush. Ashley, this poll was taken after trump made the comments. Ashley its interesting, they call it rolling online poll. Last friday 15 , by this tuesday, two days ago, it had jumped to
Decision to is suspend brady be upheld. The judge recommended two sides settle dispute out of court. Game of thrones will likely continue for three more seasons. Hbo executives planned to run eight seasons. The smash hit had 20 Million Viewers last season and received an astounding 24 emmy nominations. Lets get to the top story, exxon and chevron both releasing their Second Quarter. Here is how tough it has been on the big firms. Exxon expected to report a net income of 1. 12 a share. In the same quarter last year they reported earnings of 2. 05 because of cut in price of oil. 150,000 energy jobs have been cut since the fall according to phil nine, price futures group. He joins me from the cme. This week we had more layoffs and it continues phil. Where are we in the cycle of the downturn . I think it is almost a panic with big Energy Companies. Really, maria, a lot of these layoffs will be accelerated because of what happened in the month of july. Early july there was a little bit of o