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On united. Lower after reported earnings. United losing 1. 8 billion in the third quarter. Thats not a surprise. Everyone knows what has been happening. The numbers were a wider loss than estimated revenue fell 78 , coming in shy of expectations at 2. 48 billion. The metric everybody is focused on is the daily cash burn. They were losing 50 million a day at the end of march. They brought it down to 40 million for a daily cash loss. Bring it down to 25 million in q three. Their core cash burn comes down to we heard delta say we think we will break even in the spring united is not addressing that. We know that will come up tomorrow i suspect that united will give guidance liquidity. The company is stressing it believes it has the cash on hand to get through the pandemic. No one knows how long this will last, how long the airlines will be down, a year and a half or two years. But united feels it is positioned welcoming out of the third quarter. We have an exclusive tomorrow morning on squ ....
Strongso getting some data coming through and it comes to pending home sales. The month on month number blowing past expectations. We do better on a month by month basis of 8. 8 . That was well above expectations. That takes the nonseasonally adjusted year on year number two 20. 5 . This is a market that has come back in a really big way. Alix and continues to stay strong, like auto sales, undermining that fall off a cliff scenario. ,ast night, the highlights president trump, democratic nominee joe biden, which a debate, but turned out to be a boxing match. Everyone knows hes a liar. Pres. Trump you are the liar. You graduated last in your class. Mr. Biden you are the worst president america has ever had. Pres. Trump when needed, i wear masks. I dont wear masks like him. He could be speaking to hundred feet away from you and he shows up with the biggest mask ive ever seen. What is the Trump Health Care plan . Pres. Trump first ....
Buyer beware, ipos that have doubled do not have a great track record after the debut. Plus the president and tiktok, he says hes not prepared to sign off on anything for an oracle tiktok deal. And wall street poised for a sharply lower open following the feds pledge to keep Interest Rates low for years and Technology Stocks do lead the declines speaking of which, jim, sounds like your conversation with joe a moment ago kind of rings with what Credit Suisse says today about tech valuations overall, that is that there is some excess and theyre lightning their weight at least on software. I count 30 companies that are selling at 30 times sales and then theres a number, even more, maybe another ten that are selling above that, 50 times sales for zoom along comes snowflake at 100 times sales. You just have to put the stop ....
Turbulence even more severely than most and even with some of the fleet returning to the skies the impact on airlines and access makers is set to be long lasting ground it over 19 and the Airline Industry thats our focus this week on mate im chris colfer its good to have you aboard when covert 19 had europe earlier this year it didnt take long for airlines to react as one country after the next imposed lockdowns flights were canceled all over the world take a look at how the crisis affected the Aviation Industry the 1st slump came as early as february by may and june there was a 70 percent decrease and global air traffic compared to the Previous Year it still hasnt recovered even in mid august was only at 50 percent of its pre kovac 1000. 00 levels now the pandemic marks a turning point for this trillion dollar indus ....
Turbulence even more severely than most and even with some of the fleet returning to the skies the impact on airlines and access makers is set to be long lasting ground it over 19 and the Airline Industry thats our focus this week on mate im chris kober its good to have you aboard when covert 19 had europe earlier this year it didnt take long for airlines to react as one country after the next imposed lockdowns flights were canceled all over the world take a look at how the crisis affected the Aviation Industry the 1st slump came as early as february by may and june there was a 70 percent decrease and global air traffic compared to the Previous Year it still hasnt recovered even in mid august air traffic was only at 50 percent of its pretty covert 1000. 00 levels now the pandemic marks a turning point for this trilli ....