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Transcripts For CNBC Squawk On The Street 20170511

Our road map begins with macys down double digits on the earnings miss. Shares of kohls taking a hit. Shares of snap also plunging more than 20 after its first public Earnings Report. Didnt go too well. But well dig in on the quarter. Fireworks expected on capitol hill later this morning. Acting fbi director Andrew Mccabe will take the stand in place of james comey. But first, comps are below consensus, down 4. 6 on the owned plus licensed basis. Macys says it expects the sales decline for the full year. This is nine straight quarters, jim, they have had comps in the red. Yeah. Ive got to distinguish macys from kohls here. I thought kohls was a decent number. Kohls got better and better and better and they have lean inventories. Macys what can i say . They dont have it. They are the ones when you try to figure out who exactly is in the crosshairs of the moment, i come back to ....

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Snapchat: A Popular Messaging App With Over 300 Million Daily Active Users

Since its launch in 2011, Snapchat has become one of the most popular messaging apps in the world. As of May 2020, the app has over 300 million daily active users.1 While the company does not release official employment figures, various reports suggest that Snapchat has around 1,500 employees.2 This includes both full-time and contract […] ....

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Snap Inc. (NYSE:SNAP) CTO Sells $10,080,000.00 in Stock

Snap Inc. (NYSE:SNAP – Get Rating) CTO Robert C. Murphy sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $10.08, for a total value of $10,080,000.00. Following the completion of the sale, the chief technology officer now directly owns […] ....

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Robert C. Murphy Sells 1,000,000 Shares of Snap Inc. (NYSE:SNAP) Stock

Snap Inc. (NYSE:SNAP – Get Rating) CTO Robert C. Murphy sold 1,000,000 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $10.08, for a total transaction of $10,080,000.00. Following the completion of the sale, the chief technology officer now directly owns 70,213,355 shares […] ....

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Snap (NYSE:SNAP) Shares Gap Down After Insider Selling

Snap Inc. (NYSE:SNAP – Get Rating)’s stock price gapped down before the market opened on Thursday following insider selling activity. The stock had previously closed at $10.25, but opened at $9.98. Snap shares last traded at $10.21, with a volume of 3,410,453 shares changing hands. Specifically, General Counsel Michael J. O’sullivan sold 13,000 shares of […] ....

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