As previous days when it comes to losses. Romaine it is all relative. Scarlet lets check in with our reporters for more on the market action. Of the day,the end some of these mega cap tech names. The New York Stock Exchange faang index getting a big boost. Apple, the best day since 2011. Overall, the new york faang index getting its best day since the beginning of january. We had this huge move down yesterday, the big bounceback today. This index may suggest or downside is ahead. The new york faang index still above the 200 day moving average. At the highs, more than 40 above the 200 day moving average. Bearish divergence, falling rsi. Now we are still above that 200 day moving average. These you see some of mega cap names come down to earth, it is hard to believe a true bottom is in place. As the prices get set to hammer the oil companies, one corner of the industry is set to see some gains. Those Tanker Companies up about 15 . The Lower Oil Price makes it more profitable to actually
Come up, excluse of ive insightm jamie dimon and ray dalio. Shares of uber, theyre sinking on continuing losses, more than a billion dollars in the Third Quarter. But the ceo predicts profitability within two years. And done everything right goings new chairman backing embattled ceo Dennis Muilenburg of the max crisis. Uber, shares falling stocks now 35 below the ipo price in may yesterday on closing bell, the ceo said he sees profitability as david said for the company in 2021 it was a very significant beat on the top line in terms of Revenue Growth accelerating and the bottom line. We increased our 2019 midpoint of our guidance and ebitda by 250 million. Ill tell you, while we havent finalized our planning, and it is going to take a lot of hard work from a lot of folks, were targeting 2021 for adjusted ebitda profitability full year sort of echoes of what lyft said last week street is mixed on this. I saw price target cuts and raises today. You got rbc saying that there is 1. 7 billi
Train to the big selloff on wall street. The dow dropping 362 points yesterday. Some of the biggest drops in the last two years. A lot of big earnings coming out. Facebook, microsoft and the Federal Reserve Meeting Results as well. Right now futures point to higher open. Dialup 78. Lauren investors with a close eye and Interest Rates a 10 year treasury help at the stock markets the past two days. It is about to. 7 right now. Cheryl in europe, and treasury recovery at the open right now. The ftse, cac are higher. Lauren nation with the nikkei nikkei japan following poignant down for six days in a row. The only green arrow in that screen is the hang seng in hong kong. Train to some more for apple. The Justice Department and the sbc launching investigations into the iphone slow down. Fbn am starts right now. Lauren three at five of 2 00 a. M. In new york. Wednesday, january 31st print last day of the month. Im lauren simonetti. Train to it as the morning after. Im cheryl casone. But his s
2thirds coming from chinese equities. They vow to defend its deal with ge amid reports that regulators are concerned over competition. Theres a change up at swit twitter. He grew with a market cap of 25 billion but his ten year was marked about criticism of slowing user growth. On a Conference Call he says the discussion began last year. Were fully committed to maximize value per shareholders and we see no reason why we cant continue to do that as an independent company. Were focussing on executing against the Strategic Priorities repeatedly repeatedly. I do not foresee any changes in strategy and direction. I believe in the course that the company is on and the Management Teams ability to fulfill it and execute on it. Twitter shares reacting positively. You can take a look at how its trading in frankfurt. Shares up about 4 . They will be on squawk on the street in an exclusive interview at 10 00 a. M. Eastern time. You wont want to miss it. To get those two individuals together and se
Stocks after starting out looking like it was going to be a rough week. Well see how friday finishes out but things are flat right now. Jack dorsey heading back to the helm of the company. Hell going to run things why they try to find a replacement for dick costolo stepping down on july 1st. Shares did pop on the news yesterday afternoon and you can see theyre up almost 5 in the premarket and as we said we will be talking more about that in a little bit. In addition alstom is defending General Electric deal to officials. The french Engineering Group is trying to sell its power business to ge. Reports of a statement of objection from the European Commission did not prejudge the outcome of the inquiry. Retalked about this on the show but they suggested qe needed to offer bigger concessions to win eu approval it needs to pay for an expanded recall of cars. In other corp. Gnat news we just talked about blackberry may put Google Android software on one of its devices for the first time. Reu