Thats a nice beat. Alix this looks pretty good. David therefore, the premarket is down. [laughter] alix maybe it is capex . Like you mention, monetize a bull daily active users beat. Bulloks like monetize a daily activele users beat. David theyve been doing a good job getting more money in the door. They still got a ways to go. 2 3 of the rate of they look like good numbers from twitter. Alix joining us now are evan brown, ubs Asset Management head of macro, and bloombergs paul sweeney. One of the big issues for twitter really focuses on ly activea bull dai users, the people that come back every single day. Thats what advertisers want. Twitter cant really compete on t versus the facebooks versus the facebooks of the world. Thats the kind of metric twitter really taps to advertisers. Ared one thing people looking at is geography. They had really favorable numbers in japan last year. It is expected they will be under the number this year in the u. S. Paul they make so much more money off
Rates because they have already accounted for trade. Id weve taken caracalla weve taken care of that, i didnt have to worry about every up and down in trade negotiations. The nature of the war is that you have titfortat going on all the time. It is not reasonable for Monetary Policy to respond to all of these threats and counter threats. Weve already taken that into account. Trade regime uncertainty is high , and we are putting that into the Monetary Policy calculus. Alix then you have a three month tenure curve that doesnt want to listen threemonth10 year curve that doesnt want to listen. David i dont think markets believe him. Alix it is an extraordinary day shaking out. Equities continue to climb. We are seeing some followthrough buying, watching some moving averages. In asset classes, it is a really unbelievable day. Money flooding into all bonds. Europe. Ves over in almost 60 basis points in the tenure german bund yield. Amazing actions by Central Banks across the world, new zeala
That is hurting profits. David they were downing trading but they were expecting to be down in trading. Its all about net Interest Income. It sort of like wells fargo yesterday. More nettually Interest Income than last year that it was below what is expected so they are getting punched a little bit. David we will keep our ought alix we will keep our eyes out especially in that conference call. We are in a tight trading range. The tightest weve been in since nine days over the last week and a half or so. Eurodollar pretty much flat. In the 10of Movement Year as well. Crude up by 8 10 of 1 . I felt like a left and came back and everything was the same. Pretty much steady as she goes. David things will really happen now. Eddie 30 we will get used u. S. Housing starts at 8 30 we will get u. S. Housing starts. Facebook has it second day in congress on his liber proposal before the House Financial Services committee. At 12 30 we will hear from Esther George on the Economic Outlook. After the
David and what did he think . Alix board. He talked about all of the bored. He talked about all of the hasht ags. Boring. That much what he said. If you are Corporate America listening to the democratic debate, you are saying oh my gosh, what am i in for . David it is a very different attitude from President Trump in 2016. They really want to take on big business. The Ford Motor Company has put some numbers around their restructuring in europe. They are going to lay off 12,000 people. We already knew they were laying off 5000 in germany. The is this is part of overall restructuring effort. Said they are pulling back in europe. Alix germany, ukraine, russia apparently the hardest hit. David they havent been making a lot of money in europe. Thats be frank, all of the european automakers have been having a tough time. Gm got out entirely. It makes sense, but it will be very difficult for a lot of people in europe. Alix take a look at what is happening in the market. Not a lot come of the
Climate. Maria thats right. You saw recently in new york city theyre mandating pizza ovens have certain type of carbon emissions, if they dont they have to get rid of them. We have businesses that have been around for generations and now are put out of their place. Were finding that what lot of there was a guy the other day who bought a electric car, he had to undergo 130,000 worth of fees to get maintenance and it was in the shop. Its one of the things that theres so many things that havent been tested to the full extent. I think if youre a consumer, hold off as long as you can because hopefully by the time all of these regulations start to be enforced by the deadline, theyre all gone because we have someone sensible in office. Maria theyre using the securities and Exchange Commission as the agency to mandate certain things to your point in terms of t the Climate Change agenda. As relates to ev, im a free market capitalist. I think evs are the future. I think well probably naturally g