Gap, set to speak again and the fate of a preelection aid package could come by the end of today. And the race for a cure, moderna saying its experimental covid19 vaccine could be ready for emergency use in december. Carl jim, just crossing the wires now, doj has filed the suit against alphabets google, and heard you talking to becky a moment ago, reiterating what you said for a long time, this lawsuit essentially is a strange kind of value creator. Yeah, look, i mean, arguably theyre saying there are ties to exclusionary business deals that google has done. Look, google has opened the books time and again to the government it is not their first rodeo. They have understood this. If theyre trying to break up google, all theyre trying to do is exactly what ive been hoping for, which is that to bring out the value in google, you have to break it up. So if the department of justice is going that route, theyre a great investment banker. I joke with david, there is situations where the sum o
The attention to spend, and maybe most bullish of all, prime pe penetration. They reached a record high level. We think globally they started around 150 million subs. We think they will exit this year doclose to 100 million sub. When were more bullish we will raise the price target how sticky do you expect that model to be based on the research you said some of those satisfaction results among consumers have come down a bit yeah, it is an issue we first saw it clipped down in our survey work, and why would satisfaction be falling and slipping at amazon it used to be high 80 of customers described themselves as very satisfied. That number now is in the high 60s. We think near term there was probably disappointment around covid disrupted deliveries i am worried they have increasingly put more and more vendors on the sight and they have sacrificed quality for selection. So those are some issues, but in the next five to ten years they need to get the satisfaction scores higher. Good mornin
Nest nestle im morgan brennan. That news on boeing is shaving about 100 points off the dow concerns about the china coronavirus are frustrating emerging markets Software Stocks did help the nasdaq hit an intraday all time high earlier joining us for the hour is steve weiss. Great to have you. We certainly have seen major averages take a leg lower between this first confirmed case of the coronavirus here in the u. S. And then this news from boeing pushing out its forecast for return to service to the summer you still invested in boeing so i said on the halftime report, i think thursday, i told just about a tag into my position that morning then the news hit later in the day. Now we get a statement i was looking at it this morning. You hate to be reminded youre losing money i figure if the stock, when the max goes back stock maybe misses on the first 10 but i wont have to deal with that and losing capital heres the statement from the company. Ill read the first few words. As we have emph
And chuck and all of these people focusing on the witch hunt, because they cant beat us at the ballot. They cant beat us at the ballot and theyre not going to win the president ial were having great polls, internal, ohio, iowa, pennsylvania is looking good North Carolina he we just won two race that is a lot of people we thought were going to lose both races one was down 17 points three weeks before the race and ended you said winning by a substantial margin and dan bishop and then we had a second race as you know, and he was up one or two points and ended up winning by what was it 25 points or many so incredible ill ask you because i dont want to be inaccurate otherwise have a front page story breaking nuts trump exaggerated. But he won by many, many points and he was leading by maybe two or three but won which which in the tents 20s. Were looking great in North Carolina, looking great in florida. And you had one or two congressman democrats saying we cant beat them at the elections.
Investments ever. Were closing in on new records in the markets, this amid new optimism for that potential china u. S. Trade deal as you saw stocks are set to open higher. And the tech lash heads to the states a major multistate investigation into antitrust practices at google, set to be announced later on this afternoon. David, kick us off on t. Interesting here. In so many ways. 3. 2 billion as you said the stake from elliott, the largest single investment i believe they made at the company, a long letter comes out this morning detailing the reasons why this could be a 60 stock within lets call it three years or so, 2021 is what theyre talking about. 65 or so upside to todays stock price. They believe 5 in dividends and 55 stock price, you could get to 10 earnings per share grower with significant margin improvement, what theyre calling for. And buyback. Something i want to make sure people understand here, it is interesting, people who know the company well, but sort of are vaguely