With so many businesses working remotely. One of the biggest work from home names is slack, which has seen a flood of new customers as remote work continues. Shares had been soaring, but got pummeled in the last few days after the Company Reported a miss on feelings expectations. Ceo of us to discuss the slack. This is a pretty big move and one of the biggest selloff of slack shares in particular since you have been a public company. What is your take . It gives the backdrop of a lot of volatility. I definitely think the billings missed you mentioned is important. We were a pretty young company, 6. 5 years old. We are coming into our sophomore year. There is rightfully a lens of skepticism on whether this growth is durable. Happened this quarter is different. We had the pandemic. Record unemployment. New paid 8000 net customers in the quarter. That brings the total to 130,000. 130,000 businesses, they are small and medium businesses around the world. They more accurately reflect the br
Missing revenue targets. Shares sinking after hours and supplies fall in european trade. A shot in the arm for novo nordisk, profits beat forecasts and the drugmaker raises its outlook. Hugo boss shares fall out of fashion sinking to the bottom of the European Market as investors shrug off better than expected earnings. Good morning. Great to have you with us once again. We have a jam packed show for you. We have plenty covered for you from earnings to the outlook for the middle east. Lets kick things off with earnings. Were off by roughly 0. 1 , not by too much. But it seems like theres some profit taking going on. We did see a Strong Performance in yesterdays trading session, the alltime high for the dax. We were at 20month highs. I guess investors will be forgiven for taking profit today. Once again were in the thick of earnings season. This is driving some indices and shares. Lets look at the markets one by one. Youll see the dax is pulling back from yesterdays high. Back below the
Managing director walter pryce and pipers tech analyst mike olson. Jon . And apple snapping three straight quarters of falling sales. The company posting betterthanexpected Quarterly Results thanks to its Services Business and the iphone 7 plus. Our josh lipton is at one market with the details. Josh . Well, jon, apple beating on the top and the bottom, driven by more than 78 million iphone units. Apples stock moving higher this morning, hitting highs it hasnt seen since the summer of 2015. Tim cook telling me apple saw more android switchers and upgraders in the december quarter than ever before. And on the conference call, he also touted the companys Services Business. It was our best quarter ever for services with almost 7. 2 billion in revenue. App store customers broke alltime records during the holiday quarter, including 3 billion in purchases in december alone, making it the app stores single best month ever. Now, i also asked cook about President Trumps economic agenda for the
Rhetoric and the uncertain outcome is hurting the american economy. Mitsubishi motors fears the end admitting it has been falsifying field data for 25 years. Regulators want answers. , andw me on twitter include trendingbusiness. Inna and hong kong markets 30 minutes, but singapore, taiwan, and malaysia have come online. Good morning. Investors cautious ahead of the central bank meetings. Session, starting to pick up on gains in the u. S. And european markets overnight. Some downside when it comes to technology, those Apple Earnings missing expectations. Risk aversion staying put in the asia session ahead of that trifecta of central bank meetings. The strait times index down three tens of 1 . Namese way down by tech taiwan weighed down by tech names. The malaysian markets are down 2 10 of 1 . Comes tode when it australian stocks, a rebound in crude oil and other energy names , basic miners doing well today, up three tens of 1 , weakness out of kiwi stocks ahead of the decision tomorrow
Although commercial aviation business. As if the stock is up 6. 23. Substantial gain a percentage basis as well. While the major indices are in the red, the dow transport average on track for its sixth Straight Record close. Nicole petallides on the new york stock exchange. Look at that. Nicole watch in the presentation and next so closely. It shows obviously when you see the economy looking up, a lot of these stocks do well hitting new highs on track for the six record close today. Up more than half a percent for the dow jones transportation index made up of as were watching these names closely, it is made up of the truckers, the shippers, the airlines, rail. These names are doing so well. Six a quarter percent right now that particular stock up over 5. Kansas city southern up a gain of over 2 . Some of these airlines up 40, 50 , even 100 year to date. This group has done very well as we are setting up for the sixth Straight Record close for that particular index. Rtu. Cheryl i will b