why the chipmaker hired from within and will it be the right call in the long term? first to our top story, facebook goes on the offense. the social networking giant reported revenue that blew past analyst expectations if the recent deluge of pad press is hurting anything, it s not the numbers. facebook has a tough road ahead to win back trust. i spoke to cheryl sandberg after they posted the results in california. we begin with focusing on the company s performance in the last quarter. we had a strong quarter and think it was the end to a really important, challenging year for facebook. the growth is across the board. if you look at it, we have 2.47 billion using one of our services every month, and hat s facebook, instagram, what s app, messenger. face book is growing and we have 2.3 billion on a monthly basis with 66% coming back every day. i think one of the questions people have about us right now is we re making such big investments in safety and security. we have so
thousands. the road ahead is rough. it has lost his crown as the most valuable u.s. carmaker. ramy: let s get a quick reminder of how u.s. stocks ended last week. they were clearly in the green. all gaining. the dow up by 1.4%. s&p almost as much. highs we have not seen in the past six weeks. december 6 was the last time we saw the indices at these levels. some optimism here was because china was saying listen, we are willing to actually put the trade deficit down to zero by 2024, but then the white house said we might do an executive order possibly against chinese telecoms. we will see how that goes into the asian trade day. sophie later on today in about three hours time, four hours, we are looking at chinese data coming out. sophie: that is the highlight of the date when it comes to the eco-agenda. seeing aay we could be start looking positive for asian stocks. we see a pop of 1.4% at the nikkei at the start. china offering to go on a six-year buying spree of u.s. goods, h
congress still cannot figure out to do what fannie mae with fannie mae. alix: what were you doing? : david running abc news david: running abc news. all next week, we will speak to the biggest voices from that time spanning across all of the sectors affected by the financial crisis. on monday, housing, tuesday, we speak with james rollo, and wednesday, regional banks with kelly king of bb&t, and ray dalio. just some of the guests as we look back 10 years to the financial crisis. waiting response from washington. euro-dollar firmer this by the fact softer economic data like german exports with the dollar playing defense today. 210 spread is flat. crude goes nowhere. david: let s talk about the numbers. at 8:30 eastern time, nonfarm payroll additions for august. we may hear from president trump on imposing tariffs on another $200 billion on chinese imports. willnday, swedish voters go to the polls in a tight race where a populist anti-immigration candidate are challenging t
that is one thing you might want to know. the other thing i was talking about, and this concerns hong kong, have a look at the hong kong dollar. it does seem that is a big spike up. don t forget, two things. it is a pet fed currency. we export monetary policy from the fed. from them hong kong monetary lookrity earlier, when you at these rate differentials, expect this to start moving towards the weaker part of the trading range. if i take this back to 2004, you will know what i am talking about. unless the fed continues to normalize, expect the slide to move closer to 785. into how all of the central bank action we have seen, i am joined out of gapore by mike cudmore mark cudmore. so far, a fairly eventful day, given the fact that we were expecting the fed to do it anyway. what stood out to you? dovish fed,e seen a a dovish reaction. some people in the market were betting that with so little priced, it is expectation that there will be a rate hike yesterday, three hikes fo
economic data. we have the chinese industrial province. this dovetails into what is happening with the story in the morning and what it will mean, phenomenal gdp. matching statistics, they are profitg in november and growth is expected to edge down to 25% year on year in october from 27.7% in september and we have continued to eke slightly in november but let s see where we come from. we were seeing profits under some pressure. at the moment, it is that at the moment. growth in the pipeline. some more movement. , as those numbers are out look at what is going on elsewhere. we have markets back online today following the christmas break and taking a look at what is going on with shares in singapore. recovering from tuesday s drop. ,hey are resuming gains marginally higher this wednesday and following the text want. that is in focus and snapping a .1% of thep gaining open. let s check in on the supplier in taipei. in that stock under pressure and falling for a second day. tha