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disclosure, nbc universal does own a stake in snap. blue apron are getting hit the stock is down 20% since the debut in late june a sign of trouble for companies looking to go public or not? let s bring in eric gordon business pro fet fessor whose focus is on ipos happy friday you to both eric, i think your larger point about snap anyway is in a it highlights the degree of difficulty when you were forced to compete with the likes of a facebook yeah. you know, it s great that snap is an innovator. the question is, can you be an innovator that makes money in the face of somebody who can imitate your innovation. i mean it s an innovation. but it s not all that hard to do somebody with a lot of money and a giant user base, user base being sort of the source of your revenue, you have to compete with them. i mean, can you actually do it i m wonlderidering is how mua resetting of the expectations of how great the companies r people are talking is snap the next facebook or ....
today. thank god you re here. we have some news comcast is reporting and when you report on a company like comcast, there are many different things that people watch. not necessarily the bottom line number but let me give that to you any way. earnings per share, 52 cents that was up almost 27% year over year it was 3 cents ahead of expectations consolidated revenue grew 10%. 9.8% to 21$21.2 billion. that is above expectations of 20.855 consolidateded revenue was one of the things that people might look at, but maybe more so is ebita growth strong revenue and ebita growth increasing by 10%. first half ebita growth the best in six years a lot of this, sorkin you see the main cylinder? squawk box. part of it. film revenue up crazy nbc universal, outstanding quarter according to the company, grew ebita by 20% comcast cable delivered what the company is calling a great quarter is a strong balance between financial growth and solid subscriber metrics you wat ....
invidia are focused. our road map begin with stocks having the worst day in months as tensions over north korea rise the president tweeting that military solutions are locked and load. dispinting earnings despite the fact that it added 7 million daily users in the quarter we ll dig through the report plus awkward moments on the conference call. shares of jcpenney said to open at a record low we ll take a look at the future of that company and of course retail at large. straight to the markets coming off the worst day for the dowt s&p, the nasdaq since may 17th the rising tension between the united states and north korea although being balanced out today by this inflation data that we got in the earnings. everyone looking for whether yesterday was going to be a one day jolt or not. seemed like a different tone maybe a change in character for the market you didn t have a late day rally. closed on the loes of the day. sort of more sensitivity for the north korea head ....
stock tonight and tomorrow. green arrows for the s&p and dow. narrow gains. nasdaq in the road. down about two or three points. 5019 is the level there. crude oil is what everybody is watching today. jackie deangelis has more from the nymex to explain that pump higher. we did close today over $60 a barrel. $60.14. simon mentioned china. that s one reason. traders were looking at products today. not only gasoline moving higher so was heating oil. when that happens, there is more demand for crude and prices go up. headlines hitting the tape saudi arabia was continuing air strikes in yenl. on a day when crude was moving higher and had momentum you had geopolitical fear added to the equation. we ve been in a tight range. from $58 to $62. traders think we are going to stay in this range. another case where we close lower yesterday and buying the dip strength today. we get this data out later. that will be a precursor to what the department of energy says about inventor ....
would help avoid financial market volatility. in 2013 the imf suggested that conditions are not right to raise rates. that will just add to the on going debate in this country about what to do. two other central banks in the news this morning, south korea cutting interest rates citing a mers out break and an attempt to soften the blow to an economy already under pressure. meantime new zealand central bank cut rates for the first time since 2011 and flagged the change for more easing. opec is pumping at the highest level since august 2012. this is according to a new report from the international energy agency today and last week we should tell you that opec decided to keep the official production ceiling unchanged saying that the global economic recovery and oil demand justified the high production. headlines on greece continued to dominate market chatter. angela merkel said greece told it s european partners it s committed to intense discussions with it s creditor whi ....