Electrovehicles. They publish everybodys income tax returns. Should we publish that here . How much everyone makes, what their house is worth . And the corn is this high in kansas right now. Everything is very very green, by the way. You are not allowed to take another vacation. Neither are you. The markets seem to be celebrating today. Stocks up nearly 1 . Dow up more than 200 points. More focused on earnings than the volatility in the Chinese Market. Energy stocks leading the charge today with the S P Energy Sector up nearly 3 and some big gains in names like exxon. Take a look at twitter, rallying ahead of its earnings report. Weve got an analyst saying twitter is his least favorite stock he covers. Find out why. See if they wait until 4 00 to release twitters earnings unlike last time when they were leaked early. Homeownership hitting its lowest level since 1967. We have a former fed official with us who will tell us why she thinks Monetary Policy could be to blame, and it may be p
Service from last quarter. Also in focus any update on twitters ceo search and of course guidance on upcoming quarters when the Company Expects its product overhaul and when it expects that to help start adding user at a faster rate. Back over to you. Thanks so much Julia Boorstin. Whats our reaction to twitter . Its this whole mausms user growth quality which is really in question right now. To use your term its interpret meh. We could see the stock unchanged. Rallied 5 . Sentiment was poor. I dont think expectations were particularly high. But those two numbers right there, thats the problem here. That audience isnt growing and until it starts seeing some real growth there advertisers just theres other places to go with much bigger audiences. Listen, im long the stock. Im sticking with it. I think theres a certain scarcity value about the product here. But a lot of things have to go right over the next few months especially in a market environment where internet stocks, and this is a
Those losses right after the numbers came out. And one of the reasons facebook shares may have traded lower is because the stock had run up so much in anticipation of strong earnings in a quarter where the company beat pretty much across the board. Revenue, earnings and user numbers all better than expected. Cfo david wayner who we spoke to right after those numbers were out telling us that video as well as growing engagement particularly on mobile devices are factors driving results. We have nearly 1. 5 billion users on facebook. Thats nearly half the worlds online population. And thats growing very nicely. We added 173 Million People to facebook year over year. Thats our strongest growth in nearly two years. And those people are coming back. Weve got 65 of our monthly users coming back every day. On the Earnings Call were going to be looking for more insight into the success of those video ads as well as the role of instagram ads. And were going to be looking also for some details on
Some bids today for sure. I dont expect an announcement today or, frankly, anytime too soon. Frankly, the whole process has been a bit of kabuki theater, in my opinion, and i think if im sitting there and looking at bids, ill analyze those. Probably go back and forth if im bankers and the company, to those bidders. It also sounded to me, some bidders might have needed a little more time. I expect some bids today, analyze that. Maybe a week, two weeks, beginning of august. The only wild card, i think, could be if somebody lobs in a, you know, over the top bid and says, were going to give you 48 hours to react, but i dont expect that. How high do you think the winning bid will ultimately be . Suntrust bob peck, who you know well is talking about perhaps 6 billion. Is that likely . I think bobs done probably the best work from an analysts standpoint on this whole escapade. This notes have been, i think, right on. I expect the company to trade in the, maybe, 3. 5 billion to 4. 5 billion ra
Shark is with us. Bob, kick it off to you about netflix. Missed subguisens three of the last four quarters. Is the story changing . The real question on the price value allegationship for the consumer. Blaming this, the grandfathering price basing basically going up. Saw an unexpected amount of turn. Interesting there, it wasnt actually on the people that had their prices raised. It was on other people that were their prices would be raised and in turn before that yeah. Odd explanation. People scratches heads, what was going on there . More importantly, international also underperformed expectations. Thats the big growth driver of this stock. Street looking for around 2. 6 or 2. 7 million. Back to the original question. Has the story changed for the worse . I think more question marks what their growth trajectory can be and why were neutral and stayed neutral until they actually show the churn is under control and can add grows adds and internationally a price value relationship there,