Josh lipton standing by and gene munsters gearing up for facebooks call and we kick things off for Julia Boorstin for facebooks big quarter quite a move quite a move, Melissa Facebook shares up almost 10 on better than expected revenue and user growth. Cfo dave waner reassuring investors saying that while the outlook is uncertain, advertising is stabilizing so far in april were not immune to this from this crisis. We did see a steep decline in advertising revenue starting at about the first week of march, and that sort of continued weve seen some more recent stabilization as part of the Earnings Release we did include information on the advertising performance in q2 in april and thats about flat year over year. Facebook lowering its expense guidance for the year for 56 billion, as the company spends less on travel events and marketing as well as slower head count growth while the user growth and engagement did surpass expectations with 2. 36 billion people using one of its apps every s
Sanctions. Partslan to sell vehicle to help its turnaround and get back on track. It is also still looking for a new ceo. Shery lets check the markets. U. S. Futures unchanged at the moment. U. S. Stocks struggled throughout the session. S p 500 slumping after the fed rate decision. Markets taking it is a hawkish cut. In fact it did recover towards the end but it finished basically unchanged. We also had Energy Stocks dragging on the index. Crude falling for the last two sessions after that 15 gain we saw monday. At the moment unchanged, below 60 a barrel. Financials gaining ground today. We had yields plunging after the fed intervened and the repo markets injecting cash to soothe the money markets. That was paired back a little bit after the fed rate decision. 10yearold 10 year yield finishing around 1. 80. Paul some breaking news on the bloomberg terminal. The Hong Kong Monetary authority is cutting its base rate to 2. 25 . Pretty much as expected after the fed move today. So we have
My name is eddie selassie. Im a coolidge of the class of 2021 and a freshman at Harvard University studying economics and our panel is session six. It is titled the results of coolidge policy, the roar of the 1920s economy moderating. This panel is john childs john childs is the chairman of j. W. Childs associates, a private Investment Firm focused on sciences, real estate and, Consumer Brand investments. Prior to forming his firm in 1995, mr. Childs was senior managing director of thomas lee company and prior to that he ran Capital Markets group of prudential insurance. Mr. Childs served our in the u. S. Army. Hes a trustee of the Coolidge Foundation and serves on numerous other corporate and boards. Please join me in welcoming mr. Childs and our panelists to the stage. Good. What do you want . Im going to put that there. Wheres. Yeah. Good have to be. Ill come down here. Yeah. Let start by thanking edie for that lovely introduction and then ill pat myself on the back. I was on the bo
Panel and thank all of you thank you all. Good afternoon. My name is eddie selassie. Im a coolidge of the class of 2021 and a freshman at Harvard University studying economics and our panel is session six. It is titled the results of coolidge policy, the roar of the 1920s economy moderating. This panel is john childs john childs is the chairman of j. W. Childs associates, a private Investment Firm focused on sciences, real estate and, Consumer Brand investments. Prior to forming his firm in 1995, mr. Childs was senior managing director of thomas lee company and prior to that he ran Capital Markets group of prudential insurance. Mr. Childs served our in the u. S. Army. Hes a trustee of the Coolidge Foundation and serves on numerous other corporate and boards. Please join me in welcoming mr. Childs and our panelists to the stage. Good. What do you want . Im going to put that there. Wheres. Yeah. Good have to be. Ill come down here. Yeah. Let start by thanking edie for that lovely introdu
Good afternoon. My name is eddie selassie. Im a coolidge of the class of 2021 and a freshman at Harvard University studying economics and our panel is session six. It is titled the results of coolidge policy, the roar of the 1920s economy moderating. This panel is john childs john childs is the chairman of j. W. Childs associates, a private Investment Firm focused on sciences, real estate and, Consumer Brand investments. Prior to forming his firm in 1995, mr. Childs was senior managing director of thomas lee company and prior to that he ran Capital Markets group of prudential insurance. Mr. Childs served our in the u. S. Army. Hes a trustee of the Coolidge Foundation and serves on numerous other corporate and boards. Please join me in welcoming mr. Childs and our panelists to the stage. Good. What do you want . Im going to put that there. Wheres. Yeah. Good have to be. Ill come down here. Yeah. Let start by thanking edie for that lovely introduction and then ill pat myself on the back.