Meta Ceo Mark Zuckerberg piqued investors interest when he predicted 2023 would be the year of efficiency, and he won them over when he delivered on it. The stock nearly tripled last year. This year, meta shares are up another a0 . But on wednesday, meta released its First Quarter Earnings Report and shares initially slumped during after hours trading. Facebook s Parent Company did Beat Expectations on revenue and earnings, but it disappointed on its Revenue Forecast for the Second Quarter of the year. Higher expenses also weighed shares down. So wednesdays Earnings Report marked a back down to earth moment for the formerly red hot tech giant, and it moderates expectations for the months ahead as the company grapples over how to generate profit off of Generative Aland drum up Advertising Revenue in an increasingly crowded market. I spoke to tech analyst ray wang of constellation research, and asked him what he made of metas soft outlook. They outperformed in their results, but the chal
Erin delmore explains why. Meta Ceo Mark Zuckerberg piqued investors interest when he predicted 2023 would be the year of efficiency and he won them over when he delivered on it. The stock nearly tripled last year. This year, meta shares are up another a0 . But on wednesday, meta released its First Quarter Earnings Report and shares initially slumped during after hours trading. Facebook s Parent Company did Beat Expectations on revenue and earnings, but it disappointed on its Revenue Forecast for the Second Quarter of the year. Higher expenses also weighed shares down. So wednesdays Earnings Report marked a back down to earth moment for the formerly red hot tech giant, and it moderates expectations for the months ahead as the company grapples over how to generate profit off of Generative Aland drum up Advertising Revenue in an increasingly crowded market. I spoke to tech analyst ray wang of constellation research, and asked him what he made of metas soft outlook. They outperformed in t
Maria good wednesday morning. Thank you for joining us this morning. I am Maria Bartiromo wednesday april 24, your top stories, 6 0. Earnings in full swing, features are mixed as we await Quarterly Results in a window into the First Quarter as business, at t and ballwin reporting before the open earnings from big tech began tonight with meta out after the bell alphabet, microsoft reporting tomorrow, tesla on the move, after profits wound and ev news, all that coming out, europeans are higher, take a look at the years only gains across the board. In asia overnight also move it across the board secretary of state Anthony Blinken arriving in shanghai for three day trip, the asian embassies higher, House Speaker mike johnson in new york today to meet with jewish students at Columbia University campus, protest still underway even faculty of columbia have joined into the protest. President trump blaming the nationwide protest on President Biden who by the way gets to ride the campaign trail
on the same day seven times in the last decade. to start, the consumer price index. that s the key inflation gauge that held good news wednesday morning for american consumers and the fed. it showed inflation cooling slightly in may after a few particularly hot read outs in the first few months of the year. at 3.3% the yearly price increase was lower than expected and slower than the increase we saw in april. the data actually showed no change month to month between april and may. and the core inflation rate which excludes volatile food and energy prices cooled as well. that s the kind of news federal reserve officials are looking for. but it was not enough to warrant an interest rate cut. here is federal reserve chairjerome powell. we see today s report as progress and is building confidence, but we don t see ourselves as having the confidence that would warrant beginning to loosen policy at this time. the fed held steady, making no change to the current benchmark interest r
results, what can be done to make the index really relevant. the nasdaq continues its record pace as apple and tesla. concerns about voting my mail, we have a cautionary tale from a former candidate thought she won until the mail arrived. all that and more on making money . . charles: well, folks, an historic day for the stock market. it began with the kind of trepidation, ironically greases these kind of sessions but so much buying has gone into the market ahead of today, it felt a little anticlimactic. make no mistake, there are several narratives that will inform investing for some time to come. we have chief investment strategist, shah ghailani and ladenberg thal berg, phil blancato and gibbs wealth management erin gibbs. the experts all yawned but were not interested but investor were. they pounced on tesla and apple as soon as splits were announced. shares of both stocks moved into high gear. teslas was up 60% even before today. phil, they have made monumental moves b