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De dedra bosa, what did we miss they looked particularly ugly next to lyfts yesterday its quarterly loss was its biggest ever, now a large part of that was cost related to its ipo. But ubers also facing ridesharing competition in markets abroad like latin america and india. Competition is even stiffer in food delivery. We saw that play out in this earnings its either business, ceo telling us that it is likely they will keep losing money here for years as, quote, theres a lot of capital chasing a lot of growth. As for the question of overall profitability, this is what really matters most to the street, while lyft was pretty direct on their path last night, saying that last year was, in fact, peak losses for them, ubers ces on was less clear telling us, quote, we think that 2019 will be our peak investment year, and we think that 2020, 2021, youll see losses come down i think our break even is something that we can push the company to break even if we really wanted to frankly, he added, ....
Stocks are getting a bounce following the worst trading day in week and bochnd yields contie to be the story. Ten year is the lowest since november joe, is this time to worry about what is happening with yields . I think its time to be concerned. Overly worried, no, because this is something that for the better part of 2017 its been part of it weve been normalizing rates, but yet the u. S. 10 year has the inability to really lift itself to the surprise of many. So a break below 2 respect about, y 2 , that could be problematic. I think its problematic for financials for more reasonsect that could be problematic. I think its problematic for financials for more reasons than just net interest margins. And having the benefit of talking to Dave Albright quite a bit, its taking the investment demand away from financial equities and its going into financial debt because rates are so low and because of the regulation. They have so much on t ....
Lunch on a monday begins right now. Welcome, everybody im Tyler Mathisen stocks posting solid gains and sending the dow, the s p and the nasdaq to alltime new highs materials, financials, telecom leading the way higher meanwhile, yields on tenyear notes hitting highest levels in more than a month. There you see it 2. 23 check out some of the movers in the market shares of ubiquiti networks, thats spelled interestingly, dropping about 8 . Short Seller Citron Research calling the tech Company Total fraud. Nvidia trading at alltime highs. Paccar also hitting alltime highs. Im Michelle Carusocabrera while the east braces for hurricane jose this week, Hurricane Maria has now strengthened into a major ....
Those comments coming up throughout the show. Silicon valley star aaron levie talking about why he is supporting Hillary Clinton, whether his company could be a takeover target. We are continuing to follow Hurricane Matthew causing devastating damage in haiti. We will take you live to florida and georgia to look at how businesses are preparing to weather the storm. Lets look at other industrials getting hammered. Bob pisani tracking the action here on the floor of the exchange. Honeywell is one of the main reasons that the overall market is weak down 8 . We have a Big Industrial like that down 8 on very big volume it weighs on the rest and has been a weight throughout the day. What is the problem . They lowered the 2016 guidance. It talked specifically about problems in the aero space saying foreign defense made the ....
Yields and concern that the turmoil of the Republican Party could lead to a democratic landslide which would mean no more grid lock in washington. Well dig deeper into all of these issues coming up. And then earnings. The seasons kicked off and alcoa shares are sinking. Is it a bad sign of what is to come . The shares are down 11 . Bio tech is getting hit hard. Illumeina, we will look at other bio tech busts that investors should be wary of. Samsung ending production of the galaxy note 7 smart phone after replacement phones caught fire. John ford is following the latest. Josh lipton with the look at the opportunity this creates for apple. And Courtney Reagan has reaction. Very busy today. We are joined by mark, kenny palcari is standing by and Rick Santelli will be checking in from chicago shortly. I guess he is still ....