President ial election and states are struggling to update election systems. What it means for voter privacy and Election Security. Uber is out with earnings and it is not a pretty picture. Shares falling in after hours training on monday after hours trading on monday. Growth bookings missed estimates. Also light of estimates, uber eats and platform consumers. In tom white,ng analyst with da davidson, who makes a market with uber and lyft. Someone said he is a little bit surprised by the reaction given that they are a little bit more positive than negative. When you look at the top line numbers, the revenue number was really strong. What the rates tell you is that uber is cutting down on subsidies and showing the improved take rates for both rides and eats. Rides growth, booking growth, Revenue Growth all in line is a sign that they are focused more on profitable Revenue Growth. Taylor tom, you can see the fullyear adjusted ebit are loss, how much is that an encouraging sign they are a
Holding. Quarters of 1 on the 10 year. Ago,about nine days trading at 1. 16 . To basis points higher. Crude oil and others deeming a breakthrough. We do have a fall coming with iran. That is because of john boltons departure. Crude oil moving to 9 10 of 1 . We already we await mario drahgi. Moving things along and looking at new york. Su keenan is there with first word news. Su we start with the u. K. Government. Chaoswarning of soybean with this russian that trade and financial services, and the possibility of public disorder. The document is part of a worstcase scenario. Parliament voted to force Boris Johnson to make it public. The government is facing legal action. The Scottish Appeals Court ruled the suspension of parliament is unlawful. Won a legalump has victory over his policies over the border with mexico. The Supreme Court says his administration can support a new rule designing a limit of who can apply at the border. The policy can remain in place while a legal challenge goe
You have a strong Earnings Report and the stock sells off. What is the bigger message, perhaps, in this move today . I think facebook just gave you the green light to take a profit. If youve been long this stock for a while, and many people have, its become one of the consensus longs of Growth Investors and growth fund. Its a huge weight in all the passive averages and its very popularly traded at all the brokage firms, all the online Brokerage Firms released this data. Everyones been long facebook. If you have for a long time and your time horizon is short, they just gave you permission. Number one, 2017 will be a year of big investment for us. Thats code for, dont expect the same magnitude of earnings beats and Earnings Growth accelerations that weve shown you for the last couple of years. The other thing i thought was notable was that they talked about, look, at a certain point ad Revenue Growth rates to come down meaning theful ing th. Facebook and google have this duopoly over onl
That simply doesnt fit the facts or the stocks involved. Although on a day like today it reminds that you after three week of being down, a rally can move the see saw higher. The dow gained 170 points. In addition dam, 1. 22 . Nice to see that index come alive. Still im constantly hearing how dangerous this market is. How it is one step ahead of the possie or one slip away from falling off a cliff am i like to return to the craft. The craft of valuing the principles. The 30 stocks of the Dow Jones Industrial average. This seems anything but dangerous to me. With that in mind, why dont we go over every component. None of that macro stuff, the numbers here, the components. So you know exactly what i mean. It is quite constructive to find out how good these companies are. Some of these out of sync with what people are saying. All the negative chatter would have you walking away from this market in fear of not running. I think you should stay the course. The Global Economy gets better, we
Usually, you get more volatility in a surge of volume typically at the end of the closer we will be watching not. The dow and the s p have consistently been down. 5 today. The nasdaq has not been doing as poorly. Financials more heavily weighted in the s p 500. If you look at the week in the s p 500, we had a big rally on monday and a pretty sizable rally again yesterday and that did salvage the week more or less but we also had some big down days so these big swings are back to the stock market in the u. S. If you take a look at the groups on the move today, you see here we have a little bit of green in the form of utilities. A lot of read on the screen and indeed, it is the financials and industries that are the biggest drags in the s p 500. A number of stocks falling on these regulatory risks. David mentioned Deutsche Bank. You can see those shares down 9. 5 in u. S. Trading. Exxon mobil and the attorney general new york scrutinizing not companys finances. Eric spiderman alleging th