35 Burst results for "Two Quarter"
AP News Radio
Mikal Bridges helps Nets rally to stun Celtics, 115-105
"The net storm back from a 28 point deficit to beat the Celtics, one 15 one O 5. Brooklyn trailed 51 23, four and a half minutes into the second quarter before closing the half on a 32 13 run. Mikhail bridges scored 38 points and had ten rebounds in 43 minutes. This defense, you know, we got stops and we just stayed together, just, you know, possession by possession. You can't get all back in one place, so you just kept fighting and just stay together. Cam Johnson finished with 20 points and Dorian Finney Smith added 17. Jalen Brown paced the Celtics with 35 points and Jason Tatum added 22 with 13 rebounds on this 25th birthday. I'm Dave ferry.
AP News Radio
Survey: Business economists push back US recession forecasts
"A survey of economists says a U.S. recession is likely to begin later this year. The 48 economists were surveyed by the national association of business economics, and 58% of them believed there will be a recession some time this year. That's the same percentage as in December, but only a quarter think a recession will begin by the end of March in December 1 half thought a recession would begin by the end of March, a third of economists surveyed now expect a recession to begin in the second quarter. The delay in economist expectations of when a downturn might begin follows a series of government reports that pointed to a still robust economy, even after the Federal Reserve raised interest rates 8 times in an effort to curb high inflation, Donna water, Washington
AP News Radio
Hawks pull away in 1st half, rout Cavaliers 136-119
"The hawks were winners in their first game since head coach Nate McMillan was fired, earning a one 36 one 19 thumping of the Cavaliers. Trey young port in 34 points for the hawks, who led by 24 at halftime and stretched that lead to 32 late in the third quarter. Dijon Murray provided 15 of his 25 points while Atlanta outscored Cleveland 49 34 in the second quarter. He made 7 straight shots in the second period. The calves dropped their third in a row despite Darius Garland's 33 points. Donovan Mitchell added 19. I'm Dave ferry.
AP News Radio
Timberwolves cruise to 128-98 win against Jokic-less Nuggets
"The nuggets absorbed a one 28 98 loss to the Timberwolves after head coach Michael Malone elected to sit Nikola Jokić and three other starters on the second night of back to backs. D'angelo Russell delivered 14 of his 18 points in the first quarter and finished with ten assists Anthony Edwards had a team high 20 points for the wolves who never trailed and led by 20 in the second quarter. Rudy Gobert chipped in 16 points to Minnesota's 7th win in ten games. Michael Porter, junior was the lone Denver regular in the lineup, scoring a team high 22 points. I'm Dave ferry.
AP News Radio
Murray, Jokic lead charge as Nuggets beat Warriors 134-117
"The nuggets were one 34 one 17 winners over the warriors behind Jamal Murray and Nikola Jokić. Murray had a game high 33 points for the nuggets who broke the game open with a 16 O run in the third quarter. Jokic recorded his 17th triple double of the season by the midway mark of the third quarter. He finished with 22 points, 16 assists and 14 rebounds. Kentavious Caldwell Pope added 18 points as the Western Conference leaders improved to 24 and four at home. Steph Curry had 28 points and Jordan Poole 22 for the warriors who led by 11 in the second quarter. I'm Dave ferry
AP News Radio
Hurts, Eagles pound Giants early, coast to NFC title game
"Eagles are able to get the jump in the first half as they were able to save the Giants for a 38 7 win in the NFC divisional playoff quarterback Jalen hurts or pair of first quarter touchdown passes. He also had a 5 yard touchdown run with 43 seconds to go in the second quarter that enabled the birds to advance to the NFC championship game for the first time since 2017. We did a really good job of executing and you know we put a good one together. That's an all faces all three phases. So it's always great to start fast. Matt burrito had a touchdown run for the Giants. Michael Luang girl Philadelphia
AP News Radio
The latest in sports
"AP sports I'm David Schuster to NFL playoff games contested Saturday in Kansas City, Patrick Mahomes played through an ankle injury throwing a pair of touchdown passes as the chiefs down Jacksonville 27 20, Kansas City coach Andy Reid crediting his defense. I thought from the DBs to the defensive line to the linebackers, I just, again, my head goes off to the guys for that. Meanwhile, in Philadelphia, the eagles overwhelmed the Giants 38 to 7 with our Michael luongo in attendance. The eagle jumped to a 14 nothing for his quarterly on touchdown passes by a jail and hurts won the Dallas Goddard. The other devonta Smith first picked up a 5 yard touchdown run with 43 seconds to go in the first half, Boston Scott had a three yard touchdown one, maybe for the second quarter for the birds who were advanced to the NSA championship game for the first time since 2017. Coming up later Sunday, it will be Cincinnati at buffalo and Dallas at San Francisco. Lots of NBA action Saturday, Boston made it 9 straight wins, one O 6 one O four over Toronto, grant Williams scoring 25 points off the bench. As a role player in this league, you have to be prepared for any of those opportunities and you have to step up when the opportunity arises. And I feel like I try my best to do that and tonight shops went down and just continue to be aggressive. Evan mobley was aggressive scoring a career high 38 points as Cleveland defeated Milwaukee one 14 one O two, mobley's coach JB bickerstaff certainly impressed. You know, it's not just a particular quarter, but it's when winning matters the most. And I think he's got that gene when winning Mars is the most to rise to another level. And Minnesota coach Chris Finch had a bird's eye view, watching Anthony Edwards score 44 points as the T wolves defeated Houston one 13 one O four. Yeah, I mean, he was locked in all day. We had talked yesterday about how important this game was for us. And how he needed to set the tone. He certainly did that. He was special today. College hoops, TCU crushed number two Kansas, 83 60. I'm David Shuster, AP sports.
AP News Radio
Chiefs, led by hobbled Mahomes, beat Jags 27-20 in playoffs
"Olympic Patrick Mahomes in a pair of late takeaways carried the chiefs to a 27 20 win over the Jaguars, putting Kansas City in the AFC title game for the 5th straight season. Mahomes missed most of the second quarter after Jags pass Russia Arden key landed on them, but the quarterback led the chiefs on a 75 yard fourth quarter touchdown drive. Mahomes passed for 195 yards and two scores. Travis Kelce had 14 receptions for 98 yards and two TDs. Trevor Lawrence threw for 217 yards, one touchdown, and a late interception for Jacksonville. I'm Dave ferry.
AP News Radio
Grizzlies top Cavs, tie team record with 11th win in a row
"Steven Adams tipped in the game winner with 16.6 seconds left to help the grizzlies improved to 31 and 13. Desmond Bain notched a game high 25 for Memphis, which squandered a 19 point second quarter lead. Darius Garland had 24 points and 14 assists, but had his would be game winning three blocked at the buzzer on a night Cleveland played without leading scorer Donovan Mitchell, who strained his left groin on Monday.
AP News Radio
Grizzlies, without Morant, beat Jazz, extend win streak to 6
"Desmond baine tyus Jones and jaren Jackson junior carried the grizzlies past the jazz one 23 one 18. Bane had 24 points and 9 assists for Memphis, which played without John morant. Jones added 21 points and Jackson provided 19 with 9 rebounds and 5 blocks, a 43 point second quarter highlighted by a 24 9 spurt, put the grizzlies that had 66 52 and a half time. Lori marketing was high man for Utah with 21 points. And Kelly Owen had 19, but the jazz loss for the 7th time in 8 games. I'm Dave ferry.
2022 Might Not Be the Crypto Disaster it Seemed on the Surface
"5 p.m. Thursday, January 5th, 2023. 2022 might not be the crypto disaster it seemed on the surface. The cryptocurrency market defy industry faced significant challenges during the second quarter of 2022, as coins saw a downward trend and failed to recover in Q three Q four. The collapse of Tara Luna in May had severe consequences, resulting in the bankruptcies of Celsius, Voyager, and three arrows capital. In August, the federal government the post 2022 might not be the crypto disaster it seemed on the surface appeared first on crypto news dot net.
AP News Radio
Morant, Jackson lead Grizzlies over Magic for 5th straight
"Jaren Jackson junior and John morant carried the grizzlies to their 5th straight win one 23 one 15 at Orlando. Jackson had 13 points and 5 rebounds in the grizzlies 43 point second quarter. He finished with 31 points and ten rebounds. Moran had 32 points and helped Memphis build a 65 43 halftime lead. Pala banquero delivered 30 points and 9 rebounds for Orlando. Franz Wagner provided 19 of his 22 points in the fourth quarter. The magic loss despite outscoring the grizzly 72 58 in the second half. I'm Dave ferry.
AP News Radio
Burrow, Bengals top Browns 23-10 for 5th straight win
"The Bengals made it 5 straight wins by beating the browns for the first time in 6 tries. 23 ten. Joe burrow shook off a sloppy start to throw two touchdown passes, finishing 18 of 33 for 239 yards. My first quarter I wasn't playing very well. I was missing throws. Settled in there. Second half of the second quarter and then from there, really moving the ball really well. Joe Mixon returned from a two game concussion absence to rush for 96 yards. Trenton Irwin grabbed a 45 yard scoring pass on a flea flicker in the third quarter, as Cincinnati won for the 9th time in 11 games since an O one two start. I'm Dave ferry.
AP News Radio
Thompson-Robinson rallies No. 17 UCLA past Cal, 35-28
"The UCLA bruins used the late second quarter touchdown to build momentum as they held off California, 35, 28. Ruins quarterback Dorian Thompson Robinson was 21 of 30 for a 189 yards and a touchdown. Dealing with these guys all year. And being able to be a real brotherhood and lean on each other at times when things get harder or adversity hits. So again, I'm just so thankful to be able to play with these guys again and enjoy this win for sure. Meanwhile, the golden bears lost 7 of their final 8 games. In the loss, Cal's Jack plummer was 24 of 34 passing for 294 yards and four touchdowns. Ryan leong, Berkeley
AP News Radio
Wiggins scores season-best 31 points, Warriors beat Clippers
"Kawhi Leonard and Paul George were absent due to injuries and without them the warrior steamrolled the clippers beating LA one 24 one O 7. Andrew Wiggins made 6 threes and led Golden State with 31 points. Every game is going to be different. Steph's going to be stuff. Always. But tonight, the ball was moving to find a lot of people. And made some shots. Stefan curry added 22 points and Klay Thompson scored 15 of his 18 points in the first quarter. The clippers only scored 18 points in the second quarter and trailed by 29 points in the final period. In the loss, Marcus Moore senior with 19 points. Ryan leong, San Francisco
Bintai Kinden Revenue Increased 136% in 2Q FY2023
"2 p.m. Thursday, November 24th, 2022. Bent I came down revenue increased 136% in two Q FI 2023. Malaysia, November 24th, 2022 ACN newswire candid corporation bear adverse, 69 98, a mechanical and electrical mapy engineering services specialist. Today announced that the company registered a 136.6 increase in revenue to RM 40.56 million for the second quarter ended September 30th, 2022 two Q FI 2023 compared with RM 17.14 million in two Q FI 2022 mainly due to higher contribution from mampe projects recovering from the negative impact of the COVID-19 pandemic executive director. Of binta, asri azeroth was the quarter under review. The company profit before tax PBT recorded a decline to RM one 93 zero zero zero compared with RM two 44 zero zero zero in two Q FI 2022 mainly due to higher cost. Gross profit margin for two Q FI 2023 stood at 15.35 compared with 43.06 in two Q FI 2022 after taking into account contribution by variation order of completed projects of the mampe business. Bent I can then register to 142.94 rise in revenue of RM 71.4 million for the 6 months ended September 30th, 2022 one HFI 2023 compared with RM 29.41 million in the corresponding period of the previous financial year. PBT for one HFI 2023 declined to RM 1.16 million compared with RM 1.5 million reported in one HFI 2022 dot in. Asri azura, executive director of condensed, quote we consider the continuing growth in economic activities following two years of lockdowns as a positive sign for more opportunities in mapy engineering services in Malaysia and Southeast Asia where our focus remains. The growth in revenue in the quarter under review is proof of the continuing recovery which we do not take for granted as we assess the risks and opportunities to grow as an investment conglomerate by taking stakes in unique and niche businesses with huge potential we are actively looking for more earnings accretive acquisitions. We are diversifying into the provision of telecommunication services to healthcare centers through a strategic venture under our indirect subsidiary Johnson medical international SD and B HD GMI that we announced earlier in November. We are also leveraging on JMI apos healthcare solutions and medical support systems expertise to explore the Middle East, which is a growing market. Through our 51 owned energy SDN, BH D, we are an a partnership distributing flanges and other related piping products in Indonesia for oil and gas on G projects dot corp and tie kingdom across total order book is RM one O 9.92 million, with RM one O 2.43 million from mampi projects and RM 7.49 million from all G projects. Bent I can then corporation bear hood 69 98 versa BKC. Dot com dot M Y copyright 2022 ACN newswire. All rights reserved. WWW dot ACN newswire dot com.
Core Scientific's future is under "substantial doubt"
"6 a.m. Wednesday, November 23rd, 2022. Core scientific future is under substantial doubt. Core scientific lost 434.8 million in Q three 2022. After second quarter net losses of 862 million, 2022 net losses are 1.71 billion. The company expects to run out of cash by 2022. It doubted its ability to raise money through financing or capital markets. In a tweet on November 22nd he noted that Bitcoin mining had fallen below 10,000. Read more
AP News Radio
Garland scores 25, Cavaliers blast Heat 113-87
"Darius Garland and chetty Osman led the Cavaliers to one of their best games since a 5 game skid a one 1387 ride of the heat Garland provided 25 points and Osman added 20 for the calves who went on a 21 two tear in the second quarter to open a 19 point advantage Evan mobley had 15 points and ten rebounds for Cleveland which outscored Miami 67 37 over the second and third quarters The heat have dropped their last 6 road games Bam adebayo scored 21 to lead Miami after sitting out the previous two games with a bruised left knee I'm Dave ferry
Bloomberg Radio New York
"two quarter" Discussed on Bloomberg Radio New York
"Might have to delay a reopening. That's of course being Freeport LNG. I'm looking at what's happening in an FX spectrum and for once we had a bit more dollar weakness today after the strength seen yesterday, we have a strengthening loony sown oil helping of course the Canadian dollar go higher too with the Norwegian krone as well strengthening the back of the oil move. But on the downside really is U.S. dollar and Euro even managing to pick up but most of the Amos out there Taylor saying, Europe we're seeing the Eurozone and an issue and Euro is likely to only be the beginning of how weak it is at the moment. We're seeing weakness across sovereign bonds too. We saw a little bit of that as well here within full faith and credit Caroline price lower yield higher. So the weakness of course in the price is you're getting sort of a lift across the curb up about four basis points or so pretty much from ten out to 30 when you think about duration. Yields on the front end on unchanged as we of course await Friday with Jackson home. We sort of continue to go across asset as we always do wrap up yield space. Go back to the quarterly results, the earnings base. I'm going to take a look at shares of Intuit. And I think what's really interesting, fourth quarter net revenue comes in better than expected, 2.4 billion versus estimates of 2.34 and a bottom line improvement as well, fourth quarter adjusted EPS a dollar ten estimates for 98 cents. And looking at forward guidance, maybe a little bit light when you think about the bottom line first quarter adjusted EPS one 14 to one 20, estimates had been for one 86, and yet there is sort of a buyback and a dividend as well, Carolina gets analysts excited too. All right, and we do want to get to Nordstrom because they too have just reported after the closing bell. The stock initially dropping in the after hours is still down about 6%, 7% here. And I'm going right to the outlet because the company says fiscal year adjusted EPS $2 30 cents to two 60 a share. They had seen three 20 to three 50. So that is a big readjustment if you will, still sees fiscal year revenue up 6 to 8%. Second quarter total revenue, 4.10 billion south Caroline, that was beat the estimate that was out there was 3.99 looking at the press conference. We are seeing the CEO say while our quarterly results were consistent with our previous outlook customer traffic and demand decelerated significantly beginning in late June predominantly at Nordstrom rack. So some issues in terms of consumers, but also some issues in terms of inventory is interesting that Macy's CEO chairman was saying, look, our inventory, we think it's in a pretty good space, but the industry is awful. Nordstrom saying, we look at the second half of the year. We are aggressively rightsizing our inventory while investing in supply chain and merchandising capabilities. I mean, Katie, this is an issue of some companies got the too much of the wrong thing in the currently in their stores in particular. Everything that we dined out on so much during COVID, your athleisure, your at home, wears, and that's going to be a key issue that are going to have to sell them off and sell them off heavily discounted. And especially expected to be a key issue again as we head into the holiday season a critical season. When you think about the Nordstrom reaction that we're seeing after hours, down 7%, remember, there was a lot of good news priced into the stock after Macy's results earlier. It seems like that's being unwound in a big way and then some now. All right, folks, as you mentioned, Nordstrom down about 7% in the after hours into it though now with a gain of about 4%. So we'll follow them into the Wednesday trade. All right, that's a wrap our cross platform coverage. Radio TV, YouTube. We call it beyond the bell we will catch you same time, same place tomorrow. This is Bloomberg businessweek with Carol masher and Bloomberg quick takes Tim steinbeck on Bloomberg radio. All right, you are listening and watching Bloomberg businessweek on this Tuesday and I'm just watching these share prices here in the after hours because we're seeing some big moves and certainly something we'll probably be talking about tomorrow, but the big one I feel like is Nordstrom
CNBC's Fast Money
"two quarter" Discussed on CNBC's Fast Money
"I mean, it's just difficult to Tim's point, I can't believe the market interpreted to this Federal Reserve as somehow pivoting and David tepper would come on your show Joe many, many times and say, look, don't fight the fed and at the time he was saying it, fighting the fed meant you were being bearish in an environment where the fed was adding liquidity. Well, the same should hold true now. If you're overall bullish now, you're effectively fighting that same Federal Reserve. We're all still holding out hope for a soft landing and I heard that all day long it defends still going to be able to orchestrate that. If we're so far away from their stated goal of 2%, don't they have to get much tougher on the economy than what would be indicative of a soft landing. Doesn't it have to be a hard landing to get back to 2% if they're really serious? I'd like them to say, four is okay, isn't it? Well, I think before. When you settle for four, I'll take four. If they're doing their job accurately and I think this is your point, if they really push on it to crush demand, that's what they have to do to get the two. To get to two. So they're not going to do that because that would be an unbelievable. It's not going to be a shallow recession. It has to be a very deep recession for them to do. If they fail at their job, we have a soft landing. But I don't think they're in control. You start off the question a guy asking about supply chain disruption or energy prices. They have nothing to do with that. They can't control that. Right. So the only thing they can control is to raise an aggressive at an aggressive pace, aggressive fashion. But I mentioned some about a pivot. I think unrealistically, I think the market will think of 50 basis point in September versus 75, is a pivot. Well, if the rate of change is less hawkish than on some level, that's encouraging. But the market is not prepared and has not priced in a 150 basis points. From now until year end. And I think the dynamic that I think that the equity market could be a little bit disappointed here. Again, getting back to have we seen the lows, I'm not sure. Have we really heard out of the second quarter earnings season that, by the way, is coming near a close where we didn't really have that pushback on consumer demand. Did we? We didn't hear from mega cap tech, saying that Apple didn't tell you that they thought that the demand for their new cycle was waning. We didn't hear that the enterprise side of things was a problem. I just think that the fed first of all, we've learned that the labor market right now. I don't think that we necessarily, I think we're I think we're at peak jobs. But so I do think that the job market will weaken. But right now, the participation rate is so low, I think that artificially that the job market remains tight. And I think the fed has a lot more work to do. And I think we all would like to see them get control of inflation. And I'm one that has said, give me a very steep and aggressive recession. If that's what it takes because I think it will be shorter than it will be longer. Well, the guy we got to get to our next guest, but I wanted to let you finish up I don't want to forget you because you're not here, although you don't know why you're. We would never forget why. Are you kidding me? Could have been, I've been here twice a day. But does the market where it is right now? The S&P is it at a level that reflects that much of a slowdown. It seems like maybe it isn't. Maybe there's a reason to go to noodles then. Absolutely not. Tony dwyer has been, he's coming on. He'll talk about it. He's been steadfast and right, by the way, but no, there's a short answer. And again, it comes down to what's the right multiple in a slowing environment, which we're in. And what do earnings going to be? I still think if you want to do the math, 17 historically is about right. And you would think $200 for earnings S and PR needs is not unrealistic in this environment. Even I can do that math that gets you to 3400. I don't think that's ridiculous and quite frankly, I think it would be extraordinarily healthy for the market in the long run. All right, let's talk about it with the man you were talking about. Our next guest says there's three reasons. The markets will likely test the lows. Tony dwyer is the chief market strategist. It can accord Genuity. Oh my God, he looks exactly like he did 25 years ago on squawk box, Tony. How are you? Good to see you. You're supposed to say so do you, Joe? I don't know if we got if we got the easy on mute or something. I don't actually have to have to read his list. How's our audio with Tony Tony? Can you try again? So do you, Joe? There you go. There you go. I saw a last time that you were on. You did acknowledge that whatever we just saw in July from June 16th. There was more oomph to that move than you were expecting. But I think maybe there was some vindication in the end of last week and today for your more bearish perspective. Well, Joey, it's interesting because the momentum indicators were extraordinary. I think everybody on Wall Street at this point has heard that we've retraced 50% of the bear market decline, and that more than 90% of stocks in the S&P are above the 50 day. And that is absolutely true and that's not to be ignored. But when I went back and looked at the data, I found something really important. I don't believe a single one of those periods where you had that kind of bear market and then that kind of momentum turned higher. All of them were associated with a fed that not only might have thought about pivoting, but actually pivoting and was lowering interest rates. So that really is the solution here to the dilemma on the economy is worse or data creating a faster real pivot from the fed. Because that was I don't know whether you heard our previous discussion. We're a long way from where the fed could be forced to not pivot. I mean, if you go back and we worry about the 70s and the 80s and the stop start that the fed did back then where it thought it had conquered inflation. And it hadn't only to come back with a vengeance until Volcker came along and really drove a stake in it. So these guys, they know that guys and gals and they're probably ready to not blink on raising as long as we're anywhere near 8%, 7%, 6%, 5%. When would you stop if you were the fit? If they really say two is the number. I think we're looking at the wrong thing maybe. We're looking at inflation on the core PCE somehow the fed has let the narrative get away from the PCE, which is a more stable version of inflation and the primary gauge and somehow they let the CPI become the one.
"two quarter" Discussed on WTOP
"Floodwaters came gushing through the front and the back, soaking stuff in the storage room. I hope it's over. I'm really hoping there's no more storms. A few doors down, a furniture store with floors covered in mud as closed, and so is this cell phone store, where the manager still pushing water at the front door. Town Riverdale should actually do something about the trains. He says, after Monday storms, the only thing they put out was cones. Cones are not really gonna work. In Riverdale, John dome in WTO. He knew. Money news 25 and 55 with Larry Cox. This is a Bloomberg money minute. Affording a home may never have been tougher as prices and mortgage rates move higher. The national association of realtors says the monthly bill for a typical home jumped 32% in the second quarter topping $1840. The feds fight against inflation may be showing signs of success with price gains slowing in July, but they may also be taking a toll on the job market. The government says first time jobless claims rose last week nearing the highest level since November. It was a mix to lower day for stocks as technology shares undermined the market's rally. The Dow industrials added 27, the S&P slipped three, the NASDAQ fell 75. Walgreens needs pharmacists so much so that it's offering signing bonuses of up to $75,000 in some places, about 3000 Walgreens stores have reduced pharmacy hours due to a lack of pharmacists. From the Bloomberg newsroom, I'm Larry kofsky, on WTO. Tokyo stocks are up two and a half percent other Asian markets are flat or a little bit lower. It's breaking news tonight. The FBI searched Donald Trump's Florida home Monday looking for nuclear weapons related documents and other items. That is sources speaking with The Washington Post. We'll have more coming up throughout the hour and through the early morning hours as well. Finding great candidates to hire can be like, well, trying to find a needle in a haystack, but not with zip recruiter. It's powerful technology actively finds and invites qualified candidates to apply to your job. So while other companies might deliver a lot of hay, zip recruiter finds you, the needle in the haystack. See why four out of 5 employers who post the job on zip
"two quarter" Discussed on WTOP
"Of cars buying a new car involves paying a lot more than what's on the sticker, the annual cost of owning and keeping a new car running has now crossed the $10,000 Mark. $10,700 is the amount drivers on average will pay annually if they have a new car now. That's what Triple H says in a new report that shows the cost due to prices at the pump has gone up considerably since last year when the average yearly cost was $9600 because of the gas prices, electric cars are becoming more attractive for some, the report shows that an electric car owner will spend about four cents per mile to charge their vehicle at home. The owner of a gas powered vehicle on the other hand will spend 18 cents per mile. Nick eyeing Ellie, WTO news. It's 9 24 if you paid income taxes in Virginia last year, you may get some of that money back. The state is getting ready to send out payments of up to $250 per tax filer as part of the bipartisan tax rebate plan that was okay this year. The payments won't be quite as big as what governor Glenn youngkin suggested during his campaign last year, but he calls it the largest tax rebate in the history of Virginia. Now to be eligible, you had to have filed a state tax return for 2021 showing you still owed the state of Virginia money after factoring in all deductions and credits. Groups like those in the low income bracket and don't owe much in state income taxes likely won't qualify for the rebate money. If you file your Virginia state taxes by July 1st, then rebate payments will start to arrive in the middle of October. 9 25, buddy news at 25 and 55 years Larry kofsky. This is a Bloomberg money minute, affording a home may never have been tougher as prices and mortgage rates move higher. The national association of realtors says the monthly bill for a typical home jumped 32% in the second quarter, topping $1840. The feds fight against inflation may be showing signs of success with price gains slowing in July, but they may also be taking a toll on the job market. The government says first time jobless claims rose last week nearing the highest level since November. It was a mix to lower day for stocks as technology shares undermine the market's rally. The Dow industrials added 27, the S&P slipped three, the NASDAQ fell 75. Walgreens needs pharmacists so much so that it's offering signing bonuses of up to $75,000 in some places, about 3000 Walgreens stores have reduced pharmacy hours due to a lack of pharmacists. From the Bloomberg newsroom, I'm Larry kofsky, on WTO P. Well coming up after traffic and weather, new information tonight and what the FBI may have been looking for in its rate of former president Trump's Florida home. 9 26. Serda
CNBC's Fast Money
"two quarter" Discussed on CNBC's Fast Money
"Welcome back to fast money. We've got an earnings alert on rivian shares with the EV company volatile after hours saying it expects an even bigger loss for the year. Revenues for the quarter though did beat Filippo has been on the conference call. He joined us now at the latest Phil. Melissa, they have just started the Q&A portion of that call. Let's run down the numbers. We'll hear from CEO RJ syringe in just a little bit. As you mentioned, the revenue is coming in stronger than expected. And yes, this was a slightly smaller than expected loss for the second quarter, losing a buck 62 a share with revenues coming in at $364 million. There's good and bad within the company's guidance as you look forward here. There is a $700 million greater loss for 20 22. That's some of the bad news that's in there. That EBITDA loss is now expected to be $5.4 billion, but for 2022, they are reaffirming their production guidance of building 20 5000 vehicles and potentially adding a second shift at the end of Q three. Here's RJ's Grinch just a few minutes ago on the conference call. While we continue to manage supply chain constraints, we are encouraged by the progress we're making, which is important for us to be able to add a second shift for General Assembly towards the end of this quarter. As you take a look at shares of rivian a couple other notes to touch on here, one of them being that reservations previously, they said it was over 90,000. That was back in May. Now they have over 98,000 R one reservations in the system. So an increase in the reservation backlog and they also say that they're on schedule to launch the R two vehicles in Georgia. Remember that's a new plant that's being built down there and the plan is to build them and start rolling them out in 2025. We're going to jump back on the call Melissa, but so far they're just beginning the Q&A and I expect there's going to be a fair number of questions about what they're saying with regard to the supply chain and the constraints that are still there. But the important thing Melissa is they are reaffirming their guidance for 25,000 vehicles produced this year. Melissa. Right. And of course, people want to know what the potential impact would be of losing the EV tax credit, right, Phil, from the inflation reduction act. He just got asked that question, Melissa, he just he just received that question. And look, they admit that these are higher end vehicles, the R one T, which is why they have put out to their reservation list. Look, if you want the current $7500 EV tax credit, you're going to have to lock it in and do that before the president signs the inflation reduction act, which is likely to happen early next week. Once the house passes the bill. So they've told their customers you've got an opportunity here to lock in this $7500 EV tax credit because under the new system, you're unlikely to get it. Most of the vehicles, the R one T's, the average transaction prices coming in over $90,000. So the customers know that, now whether or not that impacts future reservations, hard to tell at this point, Melissa. All right, Phil, thanks, Phil a bow. He's going to get back on that call. R is not in the dawn trade. And then is in the dawn trade. Yes, I know how to spell. Thank you. And as for neo. And I'll play the game with your sister because would you rather. And the answer is Neil. And listen, neo's expensive, I get it. Let's take a look at rivian. Should have never been a $180 stock. And we talked about it at the time. Probably shouldn't have been in $19 stock in May, doubled since then. But right now it's trading about 17 times revenue this year. And it trades about 7 times next year's still too expensive in my opinion. So I don't think it gets down to 19, but I think this has a high 20 handle. I would rather be in Neil. It's worth noting, you know, Phil just said that EBITDA loss of 5 and a half billion or something like that. They have about 16 and a half $1 billion in cash from that IPO, okay? And just put that in some context here. It's a $20 billion enterprise value now. So they have a $35 billion market cap. Tesla, which is obviously very profitable, has a $900 billion market cap, and they have about $19 billion in cash. So I guess my point is there are alternatives in the space. They're all really expensive. They're all losing money other than Tesla right now, but I guess the fact that the stock is unchanged given that news tells you that there is a bid for alternatives to Tesla out there right now is investors. Think about it. So Julie, I'll pose one to you. One being a would you rather question and that would be Tesla or rivian? This is rough. Probably Tesla because I do think scale really matters in this business. I would quibble a little bit on this concept that they're really profitable because so much of their profitability comes from the ability to sell tax credits rather than the profitability on their car, but just like rough back of the envelope. If you look at your market cap relative to how many cars they're projecting to sell, rivian is like $1.4 million a car. To me, the valuation on all of these EV plays is extremely high. These aren't software businesses. They have to make cars. So I worry a lot about the concept of scale for these businesses. You know, because Ford and GM are starting to kind of figure this out a little better. All right, another earnings alert here on alumina, this is a whopper. Shares of the gene sequencing company plunging after its report. It's losing down 19% right now. The company's gone to a loss in the quarter, lowered revenue guidance
Bloomberg Radio New York
"two quarter" Discussed on Bloomberg Radio New York
"From Bloomberg world headquarters, I'm Charlie pellet lots of headlines after the close of trading lots of earnings. We begin with Pinterest, second quarter monthly active users, 433 million estimates were for 429.1 million, shares are surging after ours as Pinterest reports revenue for the second quarter that did meet the average analyst estimate that after ours we've got Pinterest surging by about 16%. Activision Blizzard's second quarter adjusted revenue came in at 1.64 billion, estimates were for 1.6 billion shares up by 1%. Devon Energy one of the largest independent American shale producers boosted its dividend payout while also raising its full year production guidance after ours Devon Energy is now trading lower by 2.4%. And Eliot investment management says it has become the largest investor now in Pinterest. One additional headline Danny Meyer is going to be stepping down as CEO of Union Square hospitality group that according to crane's New York business. It turned out to be a down day on Wall Street today the Dow the S&P nez stack all declining stocks snapping a rally, a three day rally as investors digested hawkish comments from Federal Reserve officials. S&P down 11 down three tenths the Dow down 46 down one tenth NASDAQ lowered today by two tenths of 1%. Ten year old 2.58% right now on the ten year spot gold of three tenths of 1%, 1771 the outs West Texas enemy crew down 4.9%, 93 83 a barrel. I'm Charlie palette. That's a Bloomberg business flash
"two quarter" Discussed on WTOP
"In, albeit a lot more slowly than they probably would otherwise. Earlier, we told you two protesters tried to rush into the stadium, but were apprehended by security. They tried running in again and have now been arrested. This is all having to do with people angry that the Biden administration and Congress have not passed climate change legislation. Stay with WTO and we will keep you updated. 7 33, the U.S. economy appears to be moving in the wrong direction. The commerce department reports the GDP shrank by almost 1% during the second quarter. That follows a drop of more than one and a half percent in the first quarter of the year, while some observers say this means at least informally we're in a recession, CBS business analyst Jill schlesinger tells WTO. This is no time to panic. The real question that every individual says, do I have a job that's paying enough that allows me to meet these higher prices. And if the answer is yes, I'm doing okay, then you don't care about the label of a recession. And frankly, if you're not getting paid enough money and you're falling behind, even if we're not in a recession, you feel rotten. So these labels sort of have no relevance to the real impact on Americans, which is a lot of people are struggling. Many people are grumpy about high prices, but they're doing fine. So all of this is to say, take a deep breath. Declines at home construction and government spending contributed to the negative reading in the second quarter. Treasury secretary Janet Yellen said that although there is a slowing of the economy and demand, it is appropriate to happen after a strong growth with the reopening of the economy. Yellen says that while inflation is still too high, the labor market and spending are still higher than average and do not single signal rather a looming recession. As President Biden has said, we have entered a new phase in our recovery. Focused on achieving steady, stable growth without sacrificing the gains of the last 18 months. Treasury secretary Janet Yellen. Senate majority whip dick Durbin says he's tested positive for COVID, and that could make it harder for Democrats to get to the finish line on a new budget reconciliation plan. WTO's Mitchell Miller today on the hill. President Biden supports the bill, which includes a provision to allow Medicare to negotiate prescription drug prices, which means seniors and consumers will pay less for their prescription drugs. But the Senate stop Republican Mitch McConnell is skeptical of spending more money at a time of soaring inflation. Democrats answer to hurting you once is to hurt you again. The legislation agreed to by West Virginia senator Joe Manchin and Senate majority leader Chuck Schumer will need all 50 Democrats to pass. Senator Durbin can't return for at least 5 days, and the Senate plans to go on recess after next week. On Capitol Hill, Mitchell Miller WTO. The house today passed a $280 billion package to boost the semiconductor industry and scientific research in a bid to create more high-tech jobs in the U.S.. The bill now awaits President Biden's signature, it will mark a major domestic policy victory for The White House about two dozen Republicans voted for the bill, but the house GOP leadership recommended to vote against it saying it would provide subsidies and tax credits to an industry that doesn't need government help. New developments today in the January 6th investigation, the House select committee reportedly focusing on former Trump cabinet officials in the hopes of learning about any conversations about invoking the Twenty-fifth Amendment, the amendments considered a means of last resort to remove a rogue or incapacitated president. Sources tell CNN the panels interviewed former treasury secretary Steven Mnuchin and his talk to interview former director of national intelligence, John ratcliffe, the committee will also reportedly speak with former Secretary of State Mike Pompeo and his interviewing former acting White House chief of staff, Mick Mulvaney, several other formative cabinet officials have already met with the panel. Coming up on WTO after traffic and weather, metro responding tonight to a now viral video where a woman says she was sexually harassed while waiting for a train. It's 7 36. Hey, there's something different about my mango pineapple smoothie. Really? My grandma will rap a taste fine. Nah, something's definitely different. No difference? Other than I got them behalf off because I ordered on the app. Well, that explains it. Explains what? How things seem to taste so much better when you're getting a sweet deal. Okay
Marketplace with Kai Ryssdal
"two quarter" Discussed on Marketplace with Kai Ryssdal
"In Los Angeles, I'm car roselli's Thursday today in the 28th of July, but it always to have you along. Everybody, the question in question, of course, is are we or are we not in a recession? And we'll get to that in a second, but just because the story like gross domestic product, which as you have almost surely heard already shrank, 9 10% in the second quarter on an annualized basis, just because GDP is complicated, we are going to start with the mechanics of the news and then get to the feelings about the news. A shrinking economy is not great. And 6 months in a row of a shrinking economy is very not great. But if you look at the beating heart of this economy, us, consumers, we are still spending. And therein lies, perhaps a glimmer of hope. Marketplaces to breeches or gets is gone. On the one hand, we cut back on buying cars, held off spending on furniture too, even take out and groceries. All told, we cut back on buying things by more than 4%. A lot of the things I have seen a lot of supply chain issues, people are kind of rotating out of that as those prices are elevated. Justin widener is an economist at Deutsche Bank. Now, did we cut back on goods because we were saving, putting that money away for a rainy day? Not at all. We were just spending on other things. Healthcare, trips, going out to bars, catching up on all the things that we didn't do at the start of the pandemic. You're starting to see this normalization in terms of people spending habits shifting back from goods back into services. So when you net it all out and take into account inflation, we, the consumer actually spent about 1% more on everything, total in the second quarter. That is growth. Andrew hunter is a senior U.S. economist at capital economics. One positive point to make from the Q two report is that yes, consumption growth slowed, but it still increased, whereas mostly overall GDP fell. In fact, the main reason why GDP didn't technically grow in the second quarter is because a bunch of companies made a big oopsie daisy and bought too many goods that we didn't want, so they had to hold off on buying more while their warehouses cleared out. That showed up in the data. Ben herzan is a senior U.S. economist at S&P Global market intelligence. So in the second quarter, the slowing in the pace of inventory investments subtracted two percentage points from GDP growth. So had it not been for that GDP would arose. Horizon predicts GDP will actually grow .9% in the third quarter. But the consumer may not be able to keep saving the day indefinitely. Yeah, we're spending more on services, but guess what? They're getting more expensive. Again, Justin widener at Deutsche Bank. And June, year over year services inflation was 5 and a half percent. We had that rising up to about 7% by the end of the year. Rents are still rising, eating away at income, personal disposable income fell, half a percent in the second quarter, investment in homes, fell sharply, the fed is still raising rates. We consumers might be the engine of the U.S. economy, but there is a lot out there to slow us down. In New York, I'm sabri Ben ashore for marketplace. All right, so let's roll with the subtext of sabri's last bit there. The whole things that could slow us down thing. And how important how people are feeling about this economy is. To do that, we've gotten Wendy edelberg on the phone, she is the director of the Hamilton project, also a senior fellow in economic studies at the brookings brookings institution. When you welcome back, it's good to have you back. I'm happy to be back too. So, I don't know if you watched treasury secretary Yellen press conference today. You probably did, right? I have read reports today. I can actually watch them. She said, in almost as many words, listen, I don't want to get bogged down in the semantics of this thing of whether we are or are not in a recession because it's how people are feeling about this economy. Do you buy that? Oh, absolutely. And I think part of the part of the confusion here is that just as we heard in the piece that you ran, different parts of the economy are experiencing, you know, the last 6 months really differently. If you're somewhere in the good sector, you're probably feeling like we're in an outright recession. But if you're in the services sector, you probably feel like things are going like gangbusters. So those two different people might be experiencing what feels like completely different economies. Is it possible that with the labor market as strong as it is and with, you know, as tropical says all the time, those two job openings for every one person looking, is it possible that a slowdown growth below potential would be okay in some degree? So here's the ideal scenario because, you know, let's step back and remember that last year, GDP grew, like 5 and a half percent consumer spending grew 6.9%. We were we were well outside our sustainable levels for all sorts of reasons. And so the economy really has been on track to slow and needs to slow the ideal outcome is that we see inflation at the same time that the economy is slowing inflation come down to more acceptable levels. If that happens, we will get the hoped for soft landing. Well, you know, it's seriously because pal talked about the soft landing yesterday and he said the path increasingly relies on things that are outside the fed's control. Well, okay, so what is a hard landing look like? So the bad outcome would be if the economy slows, but inflation still hangs up really high. And that could be for two reasons. One is inflation expectations. And that is a little bit in the fed's control. I mean, let's hope it's in the fed's control. They would need to do more to bring down inflation expectations. The other thing could be supply shocks that we keep getting hit with higher and higher energy prices, higher and higher food prices. That may well be what he had in mind when he said things
"two quarter" Discussed on WTOP
"Trusted electrical industry partner for over 130 years. Good morning, I'm Bruce Allen. And I'm Joan Jones. Teddy Gilman is our producer. And the top story we're following a possible political breakthrough in Congress, the Senate's top Democrat in West Virginia senator Joe Manchin have reached a deal that covers key economic legislation. We get more with WTO's Mitchell Miller, reporting from Capitol Hill. The West Virginia Democrats as he and Senate minority leader Chuck Schumer have agreed on legislation that would cover energy, climate change, and lowering prescription drugs. Virginia senator Mark Warner says dropping drug prices would be a critical element of such a bill. I think having Medicare negotiate for drug prices is a huge deal. People have been talking about this, not just Democrats, but Republicans for 20 plus years. Manchin has frustrated many Democrats during months of negotiations that began with a much larger build back better Bill. The latest legislation would need to go through budget reconciliation, so it could pass with the votes of 50 Democrats since Republicans will oppose it. On Capitol Hill, Mitchell Miller WTO be news. The economy shrank again in the second quarter, the government's first estimate of the gross domestic product, the broadest gauge of the economy, contracted at an annual rate of 9 tenths of a percent and its fueling fears of a recession. It follows a 1.6% annual drop in the first quarter of the year while conservative quarters of the consecutive I should say quarters of a declining GDP could be an indicator of a recession. Some economists say the strength of the U.S. job market can not be ignored. Well, not so fast, is the word coming from some Russian officials about a possible prisoner swap, the Kremlin said any potential deal needs to be negotiated quietly without fanfare. Secretary of State Anthony blinken said yesterday that Washington had offered Russia a deal that would bring home WNBA star Britney griner and another jailed American Paul Whelan, a person familiar with the matter said that the U.S. has proposed trading convicted Russian arms dealer for the two Americans, however, when asked about that offer, a Kremlin spokesperson said that the prisoner swaps were typically negotiated discreetly behind the scenes and he emphasized that nothing had yet been finalized. Ukraine has confirmed that Russian missiles have damaged a military base north of Kyiv. WTO's national security correspondent JJ green. A top military official said that they had launched 6 caliber cruise missiles at a base around 2 o'clock in the morning. One of the buildings was destroyed. And there are a couple of other buildings in that area as well that have been attacked several cities, including Ukraine's second largest city of kharkiv also experienced attacks overnight. The country's presidential office as Russian shelling in the past day had killed at least 5 civilians all in the eastern Donetsk region. Ukraine's Western Allies are racing to train Ukrainian soldiers and provide new equipment to help the country's struggling war effort. In D.C., a shooting last night on fourth street southeast claimed a man's life and injured two others and earlier in the day less than three miles away, a pregnant woman was seriously injured after she was caught in the crossfire of a shootout. 7th district police commander John branch says when police arrived in the 2600 block of burning play southeast, they found the woman with multiple gunshot wounds. She's unstable conditions. She does work here. She's a manager of the property, but we just believe that potentially she could have just been here just the wrong place the wrong time. Commander brax says
"two quarter" Discussed on KOMO
"Late yesterday trimmed its guidance for the just ending fiscal second quarter and full year largely related to pricing actions designed to improve inventory levels. Walmart shares tumbled 7.6% in response. Shares are target and Amazon dropped 3.6% and 5 and a quarter percent respectively. It was a lower finish for the market overall. The Dow Jones industrials fell 228 points, the S&P 500 dropped 45, and the NASDAQ composite slid 220 or 1.9%. After the closing bell Microsoft posted quarterly results that came up short of expectations in terms of both profit and revenue. That's your money now. The European Union, looking into plans to ration natural gas. These are your world headlines from ABC News. Back in a Russian courthouse WNBA star Brittany griner, who spoke briefly to an ABC News producer, saying she has no complaints as her trial continues after Russian police say she had hashish oil in her luggage, griner is expected to testify on Wednesday. EU energy ministers approving a draft European law and to ration natural gas this winter, lowering demand for gas by 15% from August through March. This comes as Russian energy giant gas prom announced it would be slashing gas supplies to Germany. Pope Francis leading a mass at the Commonwealth stadium in Edmonton as his so called apology tour continues earlier this week the pontiff issued a historic apology to indigenous Canadians who suffer through the residential school system in Canada, saying quote a humble beg forgiveness for the evil committed by so many Christians. Planning to withdraw from the International Space Station by 2024. I'm in as the liqueur at the ABC News foreign desk in Paris. Now you're a political insights from ABC News. He's back. This November the people are going to vote to stop the destruction of our country. Donald Trump in Washington, D.C. for the first time since leaving office, addressing an America first conference repeating his themes of getting tough on immigration, foreign governments, inner city crime, supporting police, not mentioning that he did not do that in the three hours his supporters stormed the U.S. capitol. The Senate reaching a deal to encourage and subsidize U.S. computer chip production and reduce dependence on foreign ship makers, President Biden thanking South Korea for moving some of its chip, green energy and pharmaceutical plans to the U.S. the country stepped up and had an enormous enormous asset in ally. So thank you, thank you, thank you. The Senate is still looking for votes to pass a gay marriage equality bill to bypass any action, Supreme Court might take. Republican Susan Collins thinks she may have the votes. Those are your political insights. I'm Andy field, ABC News. Northwest news radio traffic from the dubin law group traffic center. East von 5 22 traffic is looking a lot better going from four or 5 to two. I'm not seeing any delays it should take you just 14 minutes. The admins kings in fairly very currently has delays but the two hours for drivers departing. Seattle west found 5 20 the offer him to Harvard will close down tonight at 9 four roadwork and reopen at four 30 a.m., and 5 on I 5 north roadwork near 70th and Porter has the road reduced to one lane during the overnight until 6 a.m. and tomorrow the 54th on ramp will close at 10 p.m. our next note plus traffic at 7 34. The northwest news radio forecast from the 1530 mortgage dot com weathers center. I'm Ryan Harris, good evening. You'll likely have to tough out the high temps through Saturday now with high set to fall out of the 90s starting Sunday as the high pressure system starts to move out 70 starting Monday and night still in the 60s, so still hard to cool down your house overnight. That's the latest from the northwest forecast team. WNBA star
Bloomberg Radio New York
"two quarter" Discussed on Bloomberg Radio New York
"Of China. Plus, SEC chairman Gary gensler joins me for an exclusive conversation about his regulatory agenda and how the Supreme Court's EPA decision might get in his way. As well as where we are in talks to avoid delisting Chinese stocks from U.S. exchanges. But first, this week we are expecting a slew of economic data from the FOMC decision on hiking interest rates to the release of the GDP print for the second quarter. For The White House perspective on what it will be looking for in the numbers, I spoke with national economic council director Brian deese. As we're looking at those numbers and as we're looking at the numbers coming in, what we see is a transition, a transition that many anticipated. And in fact, many called for, it is consistent with the fed tightening cycle. And it's a transition from a historically strong and also bumpy economic recovery to a transition where our goal is to get to a more stable and steady pathway of growth. And so what you see in that transition is that some of the most accelerated and aggressive parts of the recovery are coming down a bit. You see that, for example, in the housing market. And you see different dynamics going on, for example, within consumer expenditure, you see a shift from goods to services. And we're seeing, we're seeing some resilience in places that you wouldn't necessarily expect, for example, on the labor market side, where even as you're seeing some reduction in the overall pace of hiring, you're still operating at historically strong levels. So really what we're seeing is that transition and what we're keeping a close eye on is both the pace of that transition and what the impact are, the impact is for typical working families as we navigate through this transition. So as you said, I think it was strong and stable growth is what your goal is. At the same time, you've got a silhouette. You can run it too hot and get too much inflation running too cold and get a recession. What is The White House game plan? I know we've heard from you and others, inflation is really your top priority right now. But what is your game plan at dealing with inflation without tipping us over into recession? Yeah, well, look, we do know that inflation is a global phenomenon right now. Countries around the world are dealing with it. So our approach is to approach this using the unique sources of economic strength that the United States has. And I think it is fair to say that the United States is better positioned than virtually any other country to go at this challenge because of the strength of our labor market recovered because household balance sheets remain historically in a strong position. So our strategy is to go everywhere and use every lever we can to bring prices down, but to do so in a way that doesn't have to give up all of the economic gains that we've made. You know, gas prices and energy. We've been working that issue for some time. We're seeing some helpful moderation on that front gas prices down about 60 cents from their peak already here in the United States. But we need to do more and we need to take actions like the action that's in front of Congress right now to pass a historic innovation in semiconductor investment bill that would help make sure that we can increase the supply of semiconductors, secure the supply chain of semiconductors. We know how critical that is, both to the economy and our national security, but also to easing price pressures across the economy in areas like the automotive sector. And we've been following that chips act, I guess, is what they call it these days. They had different names, pretty carefully. It looks like that may well get done. Not done yet, but it looks like it may well get done. At the same time, that raises a question about the time horizon for your game plan at The White House for the economy. If that kicks in, it's not going to affect I don't think chips right away. It takes while to make all those fabs as they're called. What do you have in short, medium and long term? How do you look at that question as you plan out how you want to have economic policy work in this country? It's a great question. So we think about easing those price pressures. We do think about it in the short medium and long term. And there are actions we can take across that spectrum. I mentioned gas prices, that's a place where we're seeing real-time actions have real time implications, and those gas prices, that 60 cents is happening right now in the economy right now. But we also want to put in place and lay the foundation for investments that will start to pay dividends and reduce price pressures across time as well. Some of you guys are a great example, people often say to me, well, once that passes, it'll take 6, 12 months, 18 months for investment to start. We should have taken this step a year ago. And we should take it now and the fact that it may take some time to is actually even further reason why we should take those steps now. Another great example of that is on the housing supply side. We have a really aggressive strategy to try to encourage to build out the supply of affordable housing across the country. That's a decades long problem in the United States. We are chronically have too little supply of affordable housing in regions of the country where we need it. We have a strategy to move out across that that will play out over the next 12 to 24 months. But the faster and the sooner that we get that, we can also send a signal and send some stability for private capital that ultimately is necessary for these types of investments, whether it's in semiconductors or housing supplier delays. What do you have that might help with the inflation between now and for example, just to pick a date in November? Well, well, the most ceiling price out there and it's the price that people see every day and interact with this gas prices and obviously we have tools there. We're going to stay focused on that and if markets are any indication we should see additional reductions in the price of gas at
CNBC's Fast Money
"two quarter" Discussed on CNBC's Fast Money
"To fast money. We have got an earnings alert on zoom shares. They are tank down twelve percent after the numbers which on the surface look pretty. Good kate rooney. What's going on with zoom. Hey ryan zuma shares are down as you said double digits digits. It was a mixed picture on guidance. But investors are really focused on decelerating customer growth at zoom. The top and bottom line is you mentioned. Seems pretty good. They were better than expected for the second quarter revenue in. Eps both beating the street's expectations. Eps was beat by twenty cents. Investors though really are homing in on that growth slowdown for enterprise. Customers contributed more than one hundred thousand dollars in revenue. The quarter over quarter growth rate dropped from about twenty seven percent back in the fourth quarter to about half that in the most recent quarter and for businesses with more than ten employees the growth rate dropped by six percentage points. It grew at just one point six percent in the most recent quarter the call kicking off at the top of the hour. Co eric yuan. Sort of joking about charlie. Munger of berkshire hathaway. He mentioned those remarks. About how much can medians. Zoom is added to his life. He says he's offering to be mongers. Tech support is the ever needs it. A nod to the ubiquity there of zoom. And how popular has gotten you on though on a more serious notes highlighting the launch of those apps within zoom. He says there's more than fifty apps now directly in the zoo meeting experience. He also says that added to the revenue. Beat and brian. This is sort of a pattern for zoom earnings. It's the fourth straight quarter. The stock has been down following. An earnings beat and zoom has yet to miss earnings estimate or wall street dentists since going public. It's beat every quarter since listing as a public company and this was its tenth quarterly reports. Zoom cfo kelly steckel burke tomorrow joining squawk box in the morning tune into that interview. You won't wanna miss it back to you or k. Rooney thank you very much stock down. Nearly twelve percent right guys this trade. This i mean wall street behind the curve ford and fifteen dollars average price targeted median price target about sixty five or seventy five bucks above where the stock is now. Some analysts there dan or closer to five hundred bucks. I mean your take on zoom. It's numbers and where it might be headed. Yeah i don't know if this is that surprising there's been a lot of competition in the space. To and i know that those enterprise customers in the cleaning growth rates are really a concern. This is probably a mid twenty percent revenue grower even after these expectations come down and the question really is about valuation trading at about seventy three times next year earnings in about twenty two times sales hundred billion dollar market cap. I mean it's really kind of hard to justify last week. We spent a lot of time talking about salesforce and their acquisition. The closing of the acquisition of slack. I mean this is the company that yes. They're going to need to talk about all of these apps within their platform and build it out. There probably gonna have to use that currency to continue to make some acquisitions and really become a broader platform here. There's probably evaluation sully where it settles out somewhere. Not too far from here that i think a lot of institutional investors are going to get back involved. We're to find out stock. Well well well out those highs. Dan thank you very much right coming up. The red it trait is at it.
Motley Fool Money
"two quarter" Discussed on Motley Fool Money
"Jason moser and ron grows just in time for the start of the school year. Good second quarter results from check. The online education companies profits and revenue came in higher than expected and jason check also bumped up their full year. Guidance really exciting to see the kids getting ready to go back to school. Hopefully this twenty twenty one. Twenty twenty two years shakes shakes out to be far far better than the last one finished in regards to check. Though i mean this has been a fascinating business to follow. It's really evolved over time to not only remain relevant but to become more relevant. It seems they went from just a sort of stodgy textbook. Business to e textbooks to now services in in it seems like it's proving itself to be an invaluable resource for educators and students alike. The numbers were very impressive. Net revenue grew thirty percent from a year ago and in thirty eight percent growth in the services side of the business that was one hundred and seventy four million dollars of that. Total one hundred ninety eight million dollars in revenue in so four point nine million check services subscribers. Now that's up thirty. One percent from a year ago Both revenue and subscribers have more than doubled in the past two years for this business. They continue to invest in that network in it. All of the information that the help the aid that provides for for students in the neat thing about this business acquisition costs are so low. Because it's just the brand awareness word of mouth alone. They just don't have to invest a lot in actually acquiring those customers so this results in a modestly raising guidance they are working on limiting account sharing. I know one of the criticisms criticisms there with shag is that it can promote perhaps less than ethical behavior for staff. Yes yes and yes. They are working on that day. They are investing in a feature. A product called honor shield ultimately security to help prevent that cheating in protect the integrity of the system. But listen there's a reason the stocks up over eleven hundred percent of the last five years still feels like it's got plenty of room to grow with around twenty million total college students in the us today. so what. i'm seeing from. Check door dash posted record revenue in the second quarter but the actual loss for the quarter was bigger than expected. Ron jordache was down after the bell on thursday but on friday shares recovered. I'm assuming their guidance for the full year probably helped yet but it was also cautious. The quarter was very strong right with sales up. Eighty three percent total orders up sixty nine percent that's driven by increased order frequency as well as new customer growth international orders interestingly grew substantially faster than domestic but expenses more than doubled as the company increased investments to build out nonmeal categories a very important part of their growth strategy to expand internationally and to boost driver recruitment in a labor market. That's very tight Management said they intend to increase that level investment in these categories in the second half of twenty twenty one so that speaks to your comment about guidance which i think was somewhat cautious based on the increased costs that they're seeing they've added over five thousand new third party convenience stores as part of their growth initiative. They launched albertson in the grocery category. They added petsmart so moving into many things other than just restaurants. They launched in japan. That's their third international market behind canada and australia. But they did report a loss of one hundred million dollars versus a prophet twenty three million During the pandemic when business was was gangbusters so guidance for q three again included a seasonal decline. That shouldn't be surprising to people But it doesn't create also include increased levels of investments for those news categories and those international markets. So they're they're they're spending to grow which is essential but that probably will take a bite out of profitability for awhile. Second quarter revenue for the trade desk was double what it was a year ago. Good guidance as well but when you look at shares of the trade we jason. it's almost like investors. Couldn't make up their mind. They were down after the report. Then it recovered. It's basically flat for the week. Yeah there was a spate of upgrades. The day after the release and understand why i mean to me. This is one. I'm a remain very very happy owner because it just continues to be one of the most attractive ways to invest in the advertising opportunity and it really all comes down to the connected. Tv for the trade desk to that point management noted on the call moffitt nathan recently reported that the ad supported video on demand market will for four point four billion dollars in two thousand twenty two around eighteen billion dollars as early as twenty twenty-five so clearly a lot of opportunity there particularly as you see all of these these ads support platforms disney Pl- hulu i mean peacock discovery plus all of these different ad-supported platforms Contributed the trade desks success revenue more than doubled from a year ago over two hundred eighty million dollars for the quarter non gap earnings per share followed suit customer retention remains robust over ninety five percent during the quarter as it has remained for the last seven years so these guys are consistently doing something very well clearly and they do see that advertising video on demand market that's going to outpace the growth of the subscription video on demand market over the coming years and i think from a global perspective. That's important to remember that. That really is the nature. I think of this of this advertising video-on-demand market That's where the opportunity is in. So they're seeing plenty of big brands spending. They saw the number brands any more than one. Million dollars in connected. Tv on their platform already more than doubled from a year ago and the number of advertisers spending over one hundred thousand dollars has also doubled so they just continue to bring more and more customers in because they've got what they want in that market opportunity. Then i think the trade desk is a business. You need to keep a close eye. On last month's shares of boston beer fell twenty five percent after a disastrous second quarter earnings report but fear not shareholders boston beer teaming up with pepsi to create an alcoholic version of mountain dew. Boston beer will make it. Pepsi will deliver and market the product ron heart mountain. Dew is expected to hit the shelves early next year. Are you interested. The phrase flavored malt beverage kind of makes me gag a little realizing. But but i've never been a big mountain dew fan in the first place Just the the flavor doesn't sit right with me. I feel this is more a novelty item. Then something that's going to storm the category and helped boston beers heart shelter beverage business but i could maybe just be a little cynical about this and and maybe you guys have a different opinion. But i don't see this. You know changing the direction of boston. Beer coke has their Hard version of their toshiko sparkling water. So this is pepsi's entry into into the into the space. I'm not convinced. I dunno jason. I get why both these companies are doing it particularly boston beer with you. It feels like boston beer. Might need to change his name to boston. Beverage given that. It is not so much a beer company anymore. Yeah i mean. I think novelty is probably the right word ron of feels to be kind of like kfc crocs or something. I mean is this really what the masses want. Probably not certainly. Don't don't mind giving it a shot. But i don't know that we'll be seeing them breaking these sales results out in any future quarters. Do we want it to be green. Is that important to the novelty aspect of this. I mean this day and age. Everybody's so focused on on health and wellness. I mean you take those colors that make it clear. Maybe maybe that's the selling point if you keep it clear. The companies are splitting the cost.
Mac OS Ken
"two quarter" Discussed on Mac OS Ken
"And use promo code mecca west. Ken iphone appears to be doing right by apple. In india apple insider highlights report from india's economic times that says apple's answer to telephony could drive the company's revenue on the subcontinent to three billion dollars by the end of next month according to analysts at cyber media research apple should hit the roughly three billion dollars in revenue mark by the end of its fiscal year. That would be a year over year increase of about sixty percent soundly. Beating the previous year's growth up twenty nine percent remember on last month earnings. Call when apple ceo. Tim cook said he was happy. With the full range of phones. apple has on offer. This report supports that cyber media research credits demand for iphone. Eleven iphone twelve iphone. Ten are and iphone s. E. as being the impetus behind the growth. And some don't see that slowing. The apple insider piece argues that incentives offered by the indian government should see apple suppliers like foxconn and wistron building more iphones in india. Which would lower the price of iphones in india. Likely leading the more iphone sales in india leading to more revenue for apple the drip drip drip of information around apple's expanded protection for children plans as dripped another drop. I'm more says the cupertino company has confirmed that it will be running checks for child sexual abuse material or see sam on photos that are already in. I cloud not just photos. Being uploaded henceforth during media briefings aimed at clarifying how the new seasom system works says. I'm more apple. Confirmed that any photo already. An i cloud will be checked against known. See sam hashes over time. Although it isn't clear how long that time will be drip trip trip. Work continues on the next big round of software updates for apple a number of sites including download blog run reports tuesday saying that the fifth betas of ios fifteen ipod o. s. fifteen and tv os. Fifteen were out to deb types..
Xtra Sports Radio 1300 AM
"two quarter" Discussed on Xtra Sports Radio 1300 AM
"Here comes Portland to begin the second quarter. I'm sorry. Denver Basketball. Monte Morris has it at the point. He throws it on the left side over toe. Paul Millsap Rondae Hollis, chef person into the game earlier ball stripped out of you. Michael Green's hand but last touched by Robert Covington. So that's kind of an interesting move. That's an adjustment people. Monte Morris has it top of the key over to Michael Porter Jr. He goes to the left hand driving a distant Millsap for three, Mr Short. Rebound goes out of bounds and that will be Portland basketball coming back the other way, so it looks like they have gone away. From Derek Jordan, Derrick Jones Jr and Ennis Canter. Here in Game number four and decided to play Rhonda Hollis Jefferson. I mean, I think you have to have cancer on the floor at some point, Don't you? Three pointer by Melo Misses rebound comes down the Marcus Howard right side over to Monte Morris. Now, actually, when I think about it, canceled it play. How could he play in the second half? Entered last game. I think he only have like five or six minutes, So maybe there's something a little bit more to that than him. Just not playing. I mean, you don't guess about injuries, but the question The question begs is wise and his cancer not playing in game number three now or game number four thinking we played like eight minutes. Don't know. Bacal. Let me know here in a minute. Top of the key is Anthony Simon's He gets it often. McCollum in a deep three that one's no good, long rebound. Thought for and grab by Denver. Monte Morris hasn't the left sideline top of the key Porter back behind him to Monty. Monty brings her back out over to the point. He gets a pic. They're from Millsap right side of Marcus Howard back over to Montana. Throws it off inside the arc over to Paul Millsap. Millsap gets down the way too tough to know. Good tipped up it in bite your Michael Green. It's strong move their 32 to 26 tempers down a half a dozen I'll tell you what if Ennis can't if there's if there's an issue with him there in a world of hurt this has Robert Covington guarding the cola. Yokich on the second unit game jump shot by Melo goes up in it. And here comes Mom Taymor's Monte has it across the timeline guarded out there by Rhonda Hollis Jefferson. Grows around the right side over to Marcus Howard back on top over to Monte Monte troubles behind his back, kick out over to Bill Sap gets down to the elbow. Kick out three. Michael Act the horn and he knocked it on 34 to 29. Acted. The way comes Portland High right side of C J. McCollum. McCollum crossover move gets down the lane bank shot no good. Rebound comes down to Michael Porter Jr outlet Pass off over to John Michael Green hands up behind him to Howard in the three slingshot is up it in nuggets worth in a bucket 34 to 32. Duty. I mean, I'm just I'm just telling you what I see people. But if Enos canter There's not going to go. This second union. The unit is gonna be hurt even with CJ out there. He throws it away. But column right over to Monte Morris, driving it issue Michael Green in the three short rebound, Porter quadruple teamed and he loses the basketball. Small comes back over to C. J. McCollum. McCollum has its stutter step into Dr Floater in the paint that was up on end, and that's what they are going to have to live on. They're gonna have to live on C J. McComb, Damian Lillard and Probably Carmelo Anthony. I don't know, Man. If I'm a Portland fan, I'm scared. Lay up by Michael Green goes up and in and a time out called by Terry Stotts nuggets within 2 36 to 34. It's round one. Game four. You're locked into the altitude radio network. MBA playoff basketball. Denver Portland on the altitude radio network. Hi, dancer Kenny with done right kitchen's.
News-Talk 1400 The Patriot
"two quarter" Discussed on News-Talk 1400 The Patriot
"Use the sour from town hall dot com. I'm Jason Walker, Republican senators and President Biden have been talking. The Senators contend the president's $1.9 trillion aid packages simply filled with pork. The GOP plan runs about one third of what the president is seeking, and virus aid. They also say their counterproposal would include $160 billion for vaccines and testing well. The White House is putting down expectations for a potential boost in vaccine distribution. Should Johnson and Johnson's covert 19 shot be approved by federal regulators. White House Deputy Covert 19 coordinator Bandy Slavitt Says. If Johnson and Johnson's vaccine is approved, it wouldn't necessarily boost supply immediately commitment. The schedule if it were to be approved under e U A Would be about 100,100 million doses by the end of the second quarter. That's the end of June. Also a town hall dot com that major storm slamming the northeastern United States already more than a foot of snow in some areas and hazardous driving conditions. Sidewalks are a mess, and that means hardware stores are getting a lot of customers right now. Mazzone owns four ace hardware stores in New York and says it's mayhem with people buying shovels. I smell and Leads usually so the kids could get out there and play. But one item surprised him. We want two stuck home so they are refilling their sodastream canisters. And I can't believe having those people buy only have some snow shoveling advice else to do it for.
"two quarter" Discussed on WGN Radio
"We have everything on there, including our story. You know the fact that I start this company My mission was to praying good nutrition to our country Winter by our harvest. We weigh everything that we have is harvested in the upper Midwest, part of United States. So we're local in that context, too, so we can find out everything about a cop copy on that one of the things I most important about. It's a community work that we do in this in our local community here, and as I said, we're locally owned and we're in local distribution were also regional in some aspects, and we're pushing and operate regional can also find it on walmart dot com as well as, uh Uh, I believe and I have to talk to Andrew because he really runs the company. But I have to believe we might be on amazon dot com at this point, but night, but we're pushing more for a regional S o. The colder Cos up in Wisconsin. You can also get the product and so Albertson's is, as you said earlier on, then we will in by the beginning the middle of The second quarter. I think it is middle of second quarter will also be in Kroger stores Target stores as well as in the Who's out on Angelo? Yes, as well as in the he's yelling in the background. I love it. Yeah. Fantastic product. Well, well here and you send me some information. We got ahead of break here family owned since 2003 and he also said, Try to get a word in edgewise. You know, my father gets revved up. He won't shut up so pretty much pretty much great disappointment. Hold on, just I can't be in a vegetable non GMO, which is big straight. There's no chemicals. They had no sugar added, which is good for us out there, Diabetic, you know, trying to, you know, lose weight. It's kosher Certified products and P p a free and recyclable cans, and it's a local family doesn't get any better. No. Yeah, it was really good recipes on their website here, I'm looking. There's a butter beans, no way hotter. Right now, please. We do We do black beans. Pinto beans can't wait. Here's the part about him Not wanting to shut up. So way to go. You got a brother had had him in the corner is gonna let me use your product right now. He's got kidney beans or buzz of being together. Please. I'll let you know how it is. So here. I just wanted to give a shout out to good G 00 d E. Foods go to good G 00 d e foods dot com And maybe we'll work up some type of sponsorship plan here where we, you know, Eat some more your food to make products. Yeah, I'm bringing it back in the kitchen. So talk to me about that way. You're awesome. Email and Andrews even better appreciate, And the best of the best way to get me to respond is I love you. You're the man. That was awesome. Yeah, I love you were already said Good bye, Besty. Everybody, We got a hit traffic and weather here. 31 to 91. That's email Jones from good foods, G 00 d e food, right? Dot com. That's in a joke. No judge. Yeah, that's okay. What e got the back? Alright, It's good food. Come with me. You are listening to Chicago on am 7 20 WGN Full line mega pros text and phone 31 to 91 7200 Gonna news traffic weather be back in about 12 07 McDonald's. We're gonna get you today How I should have the quarter pounder with cheese, Extra mustard, and I have a 10 piece Chicken McNuggets and two sides of ranch, please..