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netflix shares also in the red. i spoke with reed hastings for his thoughts on how the pandemic would affect the industry and how he sees the streaming wars playing out. first, a deep dive into what is moving after hours. slack moving after the bell. shares plummeting after filling fell short of analyst estimates. abigail doolittle has been looking at the numbers. i just got off the phone with the ceo of slack, who focused on the demand they see accelerating in paid customers. they are still not seeing still not giving guidance. afterch a dramatic impact hours? abigail: one thing investors do not like is uncertainty. also, in terms of the billings miss for the quarter, it was not huge, but 6%. you would think that folks would be using the messaging platform during the stay-at-home days, but it signals the idea that some of the small and medium-sized businesses are hurt enough, signaling that slack could be a nice to have technology rather than a need to have. this sto ....
cue ramy: on right on cue, the foreign minister put out his response to this that the act out of the united states is an active international act of terrorism. we re going to get you more details on this story, information that s been for the lastough two or three hours or so. the state of the markets are looking like this. in terms of risk assets, going into the lunch break in hong kong, u.s. features down 20 points, dollar-yen low to the day, still fairly strong on the japanese currency, fly under the asian benchmark, and gold is 1540-1550.wards 4%, but still substantial gains. he was features are looking like this u.s. futures are up my mistake, moving up as london joins wakes up. good morning to you. we ll get to the latest on all of this. jodi schneider is onset. and we have another reporter joining us. jodi, i m going to start with you, the significance of this act. jodi: very significant. probably the most tense moment and certainly the biggest escalatio ....
we hear from an essential figure in that period. tesla owners are talking in part to a bloomberg expansive study, thousands of model three owners. we examine whether parts and to parts.re up twitter announces it will stop all political as on their platform, with the ceo saying it is not about free speech, it is about paying for reach. the sentiment was not echoed by facebook. they reported earnings and reassured their stance when it comes to political ads. brandcebook ceo stayed on during the earnings call. i expect this will be a very tough year. we try to do what we think is right, but we will not get everything right. this is complex stuff. anyone who says the answers are simple has knocked out long enough about has not thought long enough about the nuances and challenges. i get that some people are going to disagree with our decisions and think they may have a negative impact on things they really care about. but i don t think anyone can say that we are not do ....
has not tweeted in the last three hours. ei with a six-month investigation of the british supply train, but first, our top story as we wait for reports. revenue growth holding steady, beating or falling in line with expectations at facebook, but it s legal bills might be taking a bite out of the bottom line. facebook is setting aside $3 billion for an investigation by the federal trade commission, which has not yet been resolved. joining us is david kirkpatrick in new york, and we have got deborah in seattle. first of all, give us your take on the headline numbers, legal bills aside. yes, you are right. it is hard to put those aside necessarily because the idea of a potential settlement is so massive. , ander, the revenue beat the user numbers were not a surprise to us. facebook has shown over the past year, and it has been a year since the word of cambridge and luca came out, they have been sophisticate insistently able to grow revenues. the market for facebook is ....
which isn t hurting things. all of that cash coming out of treasuries and looking for a place to go. one place going is tesla. another is ralph lauren, saying that half of its stores in china are closed. nonetheless, same-store sales in the u.s. in the quarter were up by 2%, a lot better than the 0.8% analysts were looking for, and that has the stock rallying nicely. facing more privacy probes in europe. guy: no longer a $1 trillion company. i think there is some coronavirus element to what we are seeing in the stockmarket rally on both sides of the atlantic. you also have signs of stabilization in the asian markets as well. stoxx 600 by 1.5%. around 0.5%,p by getting a bounce back in the energy complex. byember, we are still down 21, 22 basis points on the german ten-year this year. today, we are five basis points to the good, as a result of which we are seeing maybe the start of a process of an unwinding of what has been a fairly big bond market move over the last cou ....