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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 ev ....
Yvonne interesting to note the jobless rate, 6. 2 . You have to wonder what the labor market looks like in the face of this bad data. Look at the equity market right now, a free fall when it comes to china but looking better than the rest of the region. Its bring in our next guest lets bring in our next guest. Thea, it seems like economists were a little bit too upbeat. What happened . Julia i think if you remember, the government gradually increased the limit on economic activity. They extended the quarantine since the beginning of february. That likely hit a lot of factors like retail consumption quite a bit. It is happening at the same time with a lot of other factors such as Chinese New Year and a bit of a vacuum in terms of activity any highfrequency nature for the first two months of the year. It is introducing a law of margin for error, trying to get an understanding of the true extent of the the klein. Having said that, ....
With a d. What are your infrastructure priorities . We have regional lines today, in the eastern and central time zones call 2027488000. Those in the mountain and pacific time zones call 2027488001. You can also reach us on social media on twitter at cspanwj. And on facebook at facebook. Com cspan. Lets look at what the Washington Post said about this new report on the nations infrastructure. According to engineers, 1 trillion for infrastructure is not close to enough. It says the president promises to pop 1 trillion into improving the countrys crumbling infrastructure but a benchmark report says it will take almost 4. 6 trillion over the next eight years to bring the systems up to an acceptable standard. According to the assessment released thursday by the American Society of civil engineers, it gave u. S. Infrastructure and overall grade of d plus, the same great it got ....
And asking about cutting stake in the bank. United airlines, the story that keeps on giving or doesnt end for them issuing a new statement after a lawyer of the doctor grabbed off the flight, saying his client suffered a concussion. We have tape of that and talk about how this could play out for united with an aviation. Yeah. Shares weaker, but sideways the overall market. A story catching wall street and everyones attention today. The u. S. Dropped the mother of all bombs in afghanistan. We have the full report. Reporter kelly, we got comments moments ago when the president was addressing First Responders who responded to the collapse of the i85 bridge, but he answered a question about afghanistan, and i want to share that answer with you. We have the greatest military in the world, and they done their job as usual. We gave them toe tar authorization. Thats what they are doing and why they are successful lately. Look what happe ....