Their franchise history. Worldwide exchange begins right now. Good morning, good afternoon, good evening from wherever you may be watching. A little early van halen there for you. Halloween in the states. A lot of those goblins running through the streets jacked up on sugar. The nationals beat the astros. Washington scoring all of their runs in the final three innings. They made history with something that has never happened in baseball or any other professional sport that is coming up. Lets get to your market box score. Dow futures are some what higher we are seeing dow futures up 31. If you are keeping score at home, the s p 500 hitting the 14th alltime interday high and 15th record close of the year. The dow by the way, still less than 1 away from its alltime high we are getting closer. Kind of funny how image works. As stocks have gone up, bond yields overnight in asia, after a oneday pause. Japan resumed its rise leaving policy unchanged but updating guidance that rates will remai
With at least one ftc settlement in its rearview mirror. The Company Posted secondquarter results, shares are up as most of wall street says fundamentals remain strong. Tesla resorts secondquarter results, cutting losses and wall street reacts. We will break down what went wrong and right. Our top story, facebook out with secondquarter earnings, proving the company can grow advertising and users while feeling the heat from regulators worldwide. Hours after facebook announced a settlement with the u. S. Federal trade commission to end a probe into the privacy policies, the beingy confirmed it is investigated by the ftc on antitrust as well. Facebook was alerted to the investigation in june but is just now sharing the news with investors. This as growth in revenue and daily active users Beat Estimates but with its reputation continually under assault, how . David, first of all, what is your take on this new investigation by the ftc . David it doesnt really surprise me. We have multiple p
Host what is facebook trying to do and why . Guest the simple answer is that they are trying to create a Digital Currency that people can use across borders and a Digital Currency means not necessarily a theirment currency, but own private currency that people can use and ship to one another in different parts of the world. The reason why they are doing this is a little bit complex ause no one knows exactly they have explicitly said that they want to, and i am reading this because i think it is useful for the listeners to hear, to enable a simple, global currency and financial infrastructure that empowers billions of people. There are some financial motives as well. Host as far as the current system, what would facebooks plan do that others do not . Is planning to create this look currency and by doing so, have established a consortium of different kinds of larger, Global Technology companies and a couple of nonprofits. The global currency is called the libra currency and the consortiu
Plus, facebook marching forward with at least one ftc settlement in its rearview mirror. The Company Posted secondquarter results, shares are up more than 50 this year as most of wall street says fundamentals remain strong. Tesla resorts secondquarter results, the ev maker misses on cutting losses and wall street reacts. We will break down what went wrong and right. Our top story, facebook out with secondquarter earnings, proving the company can grow advertising and users while feeling the heat from regulators worldwide. Hours after facebook announced a settlement with the u. S. Federal trade commission to end a probe into the privacy policies, the company confirmed it is being investigated by the ftc on antitrust as well. Facebook was alerted to the investigation in june but is just now sharing the news with investors. This as growth in revenue and daily active users Beat Estimates but with its reputation continually under assault, how . To discuss, we are joined by the marketers. Dav
We start with facebook it may be facing growing pressure from regulators over the way it runs its business but that doesnt seem to be putting off users or advertisers. The worlds Biggest Social Network got a big like from investors on wednesday after a strong set of results with shares jumping in after hours trade. Lets show you the details. Facebook made revenues ofjust under 16. 9 billion in the three months tojune 400 million more than expected. Thats up 28 on this time last year. The number of people using its Services Including instagram, whatsapp and messenger at least once a month hit a new record of 2. 41 billion people up 8 per cent on this time last year. Those numbers come despite the storm of controversy around the company. On wedesday the federal trade commission confirmed that facebook has accepted a record 5 billion fine for privacy violations involving the Data Collection firm cambridge analytica. Facebook has also confirmed its among the online digital platforms now un