To impress investors and for palantir pa palantir down 12 . Allovir is going for a deal valued at 8 billion what that means for the rest of the space and start with breaking news. Steve liesman has that. New york fed out with its Consumer Expectation survey and finds Inflation Expectations registered their biggest drop on record this series goes back to 2013 Inflation Expectations for gasoline, for food and for home prices, here are the numbers down 0. 6 on the oneyear at 6. 2 the one year ahead of Inflation Expectations, thats still too high but its come down. Threeyear, 3. 2 down 0. 4 and five here year down by 0. 5 . The one the fed focuses most on and will be heartened to see it move toward its 2 target and Household Income expectations up but declined for spending. Jon, this is something the market wants to see the fed give a breather and shows how tied these expectations are to gasoline jon. For sure. Lots of different data to consider to start a new week, steve, thank you lets t
Laying off 10 of its staff. They are the latest company to admit it misjudged how long the pandemic boom would last. This is fast money live in from the nasdaq market. I am at the heart of times square. We start off with a busy night of earnings. Nearly 4 dollars reporting results in the past hour. Check out the action and alphabet, microsoft, visa and chipotle. Our cnbc allstars are working away and digging into the numbers listening to the Conference Call. We started off in danger. Breakdown alphabets quarter. Melissa, i think the take away it is not good but not terrible. That is not by a lot though. Alphabet remains cheaper on a price to earnings ratio. The company is contending with a slowing market, but it is perhaps less vulnerable than its peers like meta and snap. 41, google has search ads integrated exposure which the cfo called out an area of strength. More surprisingly, especially in the wake of the walmart results, she also called the strength in the retail vertical. The D
They are on assignment working somewhere else p we kick it off top stories. Full rally mode. He dow up 175 points the s p 500 has been down as much as 1. 5 . Wednesday was the real bloodbath. All of the index has rebounded after comments by st. Louis fed policymakers should consider delaying the end of their bond buying program. Reporting for quarter earnings that almost doubled, beating estimates. An increase in revenues for trading stocks and bonds. The ceo tried to boost returns from fixed income trading. He has cut staff and the announcement of capital allocated. Is greatlyn says she concerned about growing wealth inequality. The bottom 50 of u. S. Households had just 1 of the wealth last year. The past few decades of widening inequality can be summed up as significant incoming wealth gains for those at the very top. Instead, moving standards for the majority. I think its appropriate to ask whether this trend is compatible with values rooted in our nations history. The wealth gap h
Without authorization, according to google by the companys financial printing company. It wasnt a pleasant surprise. Google earned 9. 03 per share, down from a year ago and 1. 62 below estimates. Yes, googles Search Engine continues to see more use, but the prices google charges for its core search advertisement product fell. The number of times visitors clicked on search ads was up 33 , but the prices advertisers paid for those clicks was down 15 . The inventory how it goes the more clicks there are going to be, the lower it will cost people at the end of the day. Then theres googles newest division tom then theres googles newest division, motorola mobility. In may, google spent 12. 5 billion for motorolas cell phone business. While motorola added more than 2. 5 billion in sales in its first full quarter with google, the Division Still lost money, more than a halfbillion dollars. Because the news wasnt expected until after the close tonight, trading in google shares was halted for two