How he see businesses moving forward. What are you expecting on impact on growth and do you think theres going to be a different standard on jpmorgan than other banks . Youre not. A come of things there. When we get done after that, i dont know, i do think theres a little bit of decoupling between chinas Economic System and ours, china will continue to grow, i think they want jpmorgan to be there to set transparency and rules and if chinese, if they want to eliminate corruption, they need very good Financial Markets and therefore they can come in and set the standards, it should mean something when jpmorgan said we did Due Diligence, doesnt mean that we are always right but should mean something. Maria big deal for jamie dimon and jpmorgan, they just received their license, a bank 100 in china, spending 11 billion on Technology Every year, how is he going to protect that technology s he going to go to china and they will change things as how they will do things differently. Dagen part
Shares are down in after hours trading. We will have a report. And, libra grilling. Facebook Ceo Mark Zuckerberg is anticipated to face lawmaker questions on the social networks controversial cryptocurrency on wednesday. We cover what to expect. First, our top story. Snap fell as much as 10 in late trading after reporting thirdquarter earnings. The Company Reported revenue and user growth beating analyst estimates. It has been boosted by an increase in downloads to the revamped android version. But questions remain about longterm monetization. To break it down for us, i want to bring in Jitendra Waral from bloomberg intelligence. First lets talk about the third quarter, daily active users. I have a chart here that i am showing in my terminal. Seems like those daily active users knocked it out of the park. Jitendra q3 numbers were pretty strong. It is the q4 guidance that fell short. Looking at the backdrop here, the stock is up 154 year to date. The valuation, to sustain that valuation
And, libra drilling. Facebook Ceo Mark Zuckerberg is anticipated to face lawmaker questions on the controversial cryptocurrency on wednesday. We cover what to expect. First, our top story. In latel as much as 10 trading after reporting thirdquarter earnings. Revenue and user growth beat analyst estimates. It has been boosted by an increase in downloads to the revamped android version. Questions remain about longterm monetization. Someone fromng in bloomberg intelligence. I have a chart here that i am showing in my terminal. Seems like those daily active users knocked it out of the park. Were prettys strong. Q4 guidance fell short. The stock is up 154 year to date. Evaluation, to sustain that valuation level, it fell short. The user number is the hardest one to really beat. Everything else is in their control. Monetization, cut costs if they want, but the user growth is the harder metric. The fact that they are projecting better than expected user growth in 4q as well, it is showing tha
To the united states. It has been a rocky few weeks ber, we will tell you what investors are watching. Robert mueller breaks his silence about the russia investigation. He said if he and other investigators had confidence the president not commit a crime, they would have said so. Mueller did have one last message about russian interference in the 2016 election. Reiteratingose by the central allegation of our indictments, that there were multiple, systematic, efforts to interfere in our election, and that allegation deserves the attention of every american. Discussoining us to are our guests. , we know there was interference in the 2016 election, though the president and others have downplayed it. What is the reaction to washing in washington to mueller underlining that point . There wasnt much new. He gave a fiveminute summary of his report. Hasing it directly from him shaken things up in washington, especially among democrats. We have seen an increase call from democrats to begin impe
Obviously, this sort of a big coup for hong kong after missing out on that initial ipo five years ago, the biggest one ever. This is their opportunity to win back their National Treasure of a company. Emily how much if anything does this have to do with trade tensions between the u. S. And china . Elizabeth the timing is really interesting. This is being called a trade war ipo. There definitely seems to be some element of that that people think this is an unattractive time to look for domestic investors, those kind of investors that use this Company Every day, unlike american investors, who could start turning away from chinese investments. The other thing here in the timing is that the Hong Kong Stock Exchange has changed its listing rules around these companies that have multiple share classes, the type we see from Tech Companies. They started doing that after they lost out on alibaba the first time around, had this long period of consultation, and now it is allowed. It has opened up