Developers conference in mountain view, where it is doubling down on privacy. We will hear from a top exec. First, lyft shares falling after a quick pop on the heels of firstquarter earnings. D revenuecte exceeded the 782 million analysts forecast, and also an eyepopping net loss of 1. 14 billion this quarter, larger than what the company lost in all of 2018. Joining us to discuss, men deep ofing Mandeep Singh bloomberg intelligence. They also beat on it revenue in general, but why so much spending in a single quarter . Ep a couple things. Looking at the metrics, there was a topline beat, but they have not shown as much leverage when it comes to marketing and r d. What that tells me, probably they are facing some signs of competition, which is why their fullyear forecast is a lot lighter. The fullyear but forecast is 52 . If the business is seasonal, that makes sense. But otherwise there are signs they have more competition they are seeing, which is why they are investing. Emily lets t
Pivoting to more private communication. We hear from the Vice President in of Facebook Messenger. First come to the tops story. Apple reports service results, revenue hitting a high. 11. 5 billion. This is after unveiling a plethora of new services. Still, its biggest revenue him driver remains the iphone, where demand has stabilized. The iphone bringing in 31 in one billion after a disappointing holiday quarter. Caroline hyde caught up with a vp of global device trackers and i and you will principal analyst julie after the results. Overall, not pretty, and we have got some tough times ahead. We are looking at 2020 as sort of the beginning of the real recovery. That is pretty much around all of the device markets apple plays in, as well as the services which is growing to the center of attention quickly. Beyond the iphone and other things, which document this cash pile previously. We are getting clarity on the call, saying apple had 225 billion dollars in cash. They can invest confiden
Forward at its developers conference, as the social Network Works to pivot to private communication. We hear from the Vice President of Facebook Messenger. But first, to our top story, apple reports service results, revenue hitting a high of 11. 5 billion. This after unveiling a plethora includingvices, streaming video, video games, and a revamped video streaming service. Still, its biggest revenue driver remains the iphone, where demand has stabilized. The iphone bringing in 31 billion after a disappointing holiday quarter. Bloombergs Caroline Hyde caught up the vp of global device trackers and forrester principal sck about the o results. Overall, not pretty, and we have got some tough times ahead. We are looking at 2020 as sort of the beginning of the Real Recovery for the overall market, and that is pretty much around all of the device markets apple plays in, as well as the services, which is growing to be the center of attention quickly, beyond iphone and other things. Beyond the i
Shanghai Stock Exchange and currency we are not seeing as big of a selloff as we saw we start with stock futures falling, hitting its highest level. Investors weighing signs of the economy could be near a tipping point. Google plus on the news that hundreds of thousands of data left exposed on the network for years. And bullish case of tesla. We begin with rising rates and treasury yield has hit a sevenyear high. Tesla is down for more than a percent over the past session. It is still a headline highs since 2011 yesterday was very ugly once we got off air but were covered by the end of the session no. The main part of what i was looking for recovery which was what you just mentioned, the highest or the worse, if you think we have in coming inflation or in coming high rates, typically what the algorithm say, you should say. A bounce i think well hear from individual companies that things are not as good. I worry about the idea that there is a slow down and it is not just in housing and