Wall street set to extend the rally across the open. Fang stocks to the all time highs and amazon getting a key upgrade. And target boosts its outlook, shares are popping 4 in premarket, reporting stronger than expected sales for the Holiday Season. And looking out for kids, apple responding to activist pressure, the iphone maker promises new features to make the devices safer for children. Stocks are looking to ramp up the gains for the new year and the s p and nasdaq in the midst of a five section win streak all indexes did hit record interday highs and new higher high for fang this time yesterday. What can i tell you were having now that fang the different components are outrunning the price targets now the analysts have a new reason to say im raising my price target amazon and its going up because of the holiday p shopping this is all that relative high spirits game little dangerous candidly because when does it end when someones price target is finally reached. Right now were in t
Cool our road map begins with walmarts minimum wage hike. Raising starting wages to 11, handing out some onetime cash bonuses. Plus, bitcoin tumbles one of the worlds biggest cryptocurrency markets is considering a trading ban. And deltas tax boost the airline raising Earnings Guidance by 20 . First up, though, walmarts making moves in the wake of tax reform the Company Announcing it will increase its starting wage for hourly workers in the u. S. To 11 an hour beginning next month and pay a onetime cash bonus to eligible employees those with at least 20 years of service will qualify for a 1,000 bonus walmart also says it will expand maternity and paternal leave benefits not breaking down the numbers, but theres a good chance more than half of their million employees are going to benefit somehow in these bonuses this is unprecedented and i think its a lot to do with why the market keeps rallying i mean, largest private employer in the world thats doing this i mean, david, i know that yo
South africas new president admits the failures of the past and vows to work towards a Better Future in his state of the nation address. A state of emergency is declared in ethiopia after the sudden resignation of the prime minister. The emir of qatar calls for collective action in the middle east on security and says the boycott of his country is a futile exercise. And style without boundaries London Fashion week opens with a focus on diversity and social issues. Im joined with the sport as the u. S. Save gulden golf game became the secret that you cant win them all after failing to medal in the slalom in killing the track. Will begin in the south africa where the new president s obama polls has been making his state of the nation address his first of course speaking in cape town from a poser said he would need to take tough decisions to reduce the size of the countrys fiscal deficit and stabilize debt after years of weak growth from a poser also said his government was committed to e
Getting hit even though earnings and revenue topped estimates. Shares were up more than 14 at one point yesterday afterhours but started to fall during the call and down about almost 8 . Some of the drop probably attributed to investor concerns over the direction of the advertising portion of the business. John, display ads, decelerating faster quarter on quarter and the stock chart looking at it afterhours its like a roller coaster literally. Feels like they did the math, investors anyway figuring out okay, they raised guidance but when you consider that there was this benefit from them integrating in early, that basically goes away and it ends up being a bit of a guide down based on what youd expect sequentially and then yes, this display advertising thing, premium display, weve seen the impact programmatic, linkedin was one of the first to single it out a quarter ago, it hit yelp, hitted linkedin in, too. They have a diversified business. This isnt all of linked in by any stretch an
Driving car. In a blog post on monday, larry page wrote, quote, we like the name alphabet because it means a collection of letters that represent language, one of humanitys most important innovations, and is the core of how we indexed with google search. ,oining me from San Francisco the coceo and executive editor. Redstone is a Senior Writer for bloomberg businessweek. The cofounder, ceo, and editor in business insider. Im pleased to have them all here. Let me begin with henry in the studio. Why did they do this . Henry this is something a lot of people thought was long in coming. Google has been making massive investments in a lot of unrelated projects you mention, Life Sciences, self driving cars, things a lot of wall Street Investors look at as a huge waste of money with an uncertain payoff it looks like they are wasting capital. Wall street was eager to see real capital discipline. That is one. We are going to get to see what googles business looks like on its own and we will have