19 Burst results for "Zillow Group"
CNBC's Fast Money
"zillow group" Discussed on CNBC's Fast Money
"You, shares of Shopify <Speech_Music_Female> <Advertisement> plunging on the back <Speech_Music_Female> <Advertisement> of its report. We got the <Speech_Music_Female> <Advertisement> details next. Plus <Speech_Music_Female> <Advertisement> gaming gay and shares <Speech_Music_Female> <Advertisement> a Roblox surgeon <Speech_Music_Female> <Advertisement> on the back of earnings this morning. <Speech_Music_Female> And options traders <Speech_Music_Female> are betting this stock keeps <Speech_Music_Female> leveling up, <Speech_Music_Female> how they are playing the <Speech_Music_Female> name when fast money <Speech_Music_Female> <Advertisement> returns. <SpeakerChange> <Music> <Advertisement> <Music> <Advertisement> <Silence> <Advertisement> <Music> <Advertisement> <Speech_Music_Female> <Speech_Music_Female> Welcome back to fast <Speech_Music_Female> money. We've got an earnings <Speech_Music_Female> alert on Shopify. <Speech_Female> The stock plunging <Speech_Female> after delivering light guidance <Speech_Female> for the current quarter. <Speech_Female> The conference call underway, <Speech_Female> let's get to Kate Rooney with <Speech_Female> the latest <SpeakerChange> Kate. <Speech_Female> Hey, Melissa, so the <Speech_Female> weak guidance really <Speech_Female> is the issue here for <Speech_Female> Shopify. It's 2023. <Speech_Female> <Speech_Female> Revenue outlook, <Speech_Female> falling short of expectations <Speech_Female> for the full <Speech_Female> year Shopify is forecasting <Speech_Female> high <Speech_Female> teens revenue <Speech_Female> growth analyst, <Speech_Female> excuse me, we're looking <Speech_Female> for more than <Speech_Female> 20% <Speech_Female> revenue growth. It's also <Speech_Female> looking like Q one <Speech_Female> revenue guide <Speech_Female> was also <Speech_Female> light. This is <Speech_Female> despite a surprise <Speech_Female> adjusted profit <Speech_Female> on EPS. <Speech_Female> Revenue for the fourth <Speech_Female> quarter also <Speech_Female> a beat, but shares are <Speech_Female> near the low of <Speech_Female> the extended hour session <Speech_Female> here, <Speech_Female> down almost <Speech_Female> 10% at this point, <Speech_Female> Melissa <SpeakerChange> back to you. <Speech_Female> Kate, thanks, Kate <Speech_Female> Rooney. Jeff mills, <Speech_Female> how do you trade this? <Speech_Female> <SpeakerChange> <Speech_Male> Yeah, my worry <Speech_Male> heading into the print <Speech_Male> was that expectations <Speech_Male> were a little bit too optimistic <Speech_Male> for 2023. <Speech_Male> I think you're <Speech_Male> seeing that right size now. <Speech_Male> I mean, whether it's potential <Speech_Male> headwinds with the consumer <Speech_Male> or obviously <Speech_Male> small businesses <Speech_Male> really important to <Speech_Male> Shopify recessions <Speech_Male> tend to hit them harder. <Speech_Male> So it's <Speech_Male> my concern that this continues <Speech_Male> to the rest of the year. <Speech_Male> The price has been adjusted <Speech_Male> here a bit, and I do <Speech_Male> think it's a good long-term <Speech_Male> story. Clearly an <Speech_Male> important player in ecommerce <Speech_Male> going forward, but <Speech_Male> I think you can set the <Speech_Male> stock aside <SpeakerChange> for the near term. <Speech_Male> All right, let's <Speech_Female> move on to Roblox, the <Speech_Female> stock surging here, <Speech_Female> a whopping <Speech_Female> 26% after <Speech_Female> big earnings beat before <Speech_Female> the ballots now at 58% <Speech_Female> <Speech_Female> on the year. <Speech_Female> More than double its <Speech_Female> June lows, options traders <Speech_Female> are betting the bullish print <Speech_Music_Female> means more gains <Speech_Music_Female> ahead. Kelly <Speech_Music_Female> intelligence the <Speech_Music_Female> Kevin Kelly who joins us <Speech_Female> with the action. Kevin, <Speech_Female> what are you looking <SpeakerChange> at? <Speech_Male> I'm Alyssa. <Speech_Male> Well, yeah, coming in <Speech_Male> today, it was a <Speech_Male> 12 and a half percent <Speech_Male> expected move and you <Speech_Male> saw it go up over <Speech_Male> 26%, <Speech_Male> but what was interesting <Speech_Male> is that volatility <Speech_Male> didn't really compress <Speech_Male> today, <Speech_Male> even after earnings, <Speech_Male> but what we did <Speech_Male> see is a big <Speech_Male> trade today <Speech_Male> where it was a calendar <Speech_Male> risk reversal <Speech_Male> where trader went <Speech_Male> out there and they <Speech_Male> actually sold <Speech_Male> <Speech_Male> the March <Speech_Male> $28 puts <Speech_Male> for about 13 cents <Speech_Male> collected that premium <Speech_Male> and then went out and <Speech_Male> spent <Speech_Male> $5 <Speech_Male> and 20 cents <Speech_Male> to go all the way out <Speech_Male> to the June expiration <Speech_Male> on the $50 <Speech_Male> a call. So you're <Speech_Male> going to need the <Speech_Male> stock to move up over <Speech_Male> 22% <Speech_Male> to break even <Speech_Male> on those <SpeakerChange> calls. <Speech_Female> All right, Kevin, <Speech_Female> thanks, Kevin Kelly from <Speech_Female> Washington's action tune <Speech_Female> into the full show that is <Speech_Music_Female> Friday, 5 30 p.m. <Speech_Music_Female> <Advertisement> Eastern Time. Up next, <Speech_Music_Female> <Advertisement> final trades. <Speech_Music_Female> <Advertisement> <Music> <Advertisement> <Music> <Advertisement> <Silence> <Advertisement> <Speech_Music_Male> <Advertisement> <Speech_Music_Female> <Speech_Music_Female> Final trade time. <Speech_Music_Female> Guy adami. <Speech_Music_Male> <Speech_Music_Male> I think dollar chin <Speech_Music_Male> saw off this too much <Speech_Music_Male> melty. <SpeakerChange> <Speech_Music_Male> Jeff mouse. <Speech_Music_Female> <Speech_Music_Male> <Speech_Music_Male> Guy and I are going discount <Speech_Music_Male> retailer <Speech_Music_Male> the F in fame <Speech_Music_Male> 5 below the <Speech_Music_Male> <Advertisement> charts up and to the right, <Speech_Music_Male> I think that <SpeakerChange> continues. <Speech_Music_Male> Steve Grasso. <Speech_Music_Male> Selloff was overdone <Speech_Music_Male> in alphabet, <Speech_Music_Male> rounding bottom by. <Speech_Music_Male> Tim? <Speech_Music_Male> Along me some Cisco.
CNBC's Fast Money
"zillow group" Discussed on CNBC's Fast Money
"Welcome back to fast money earnings alert on Roku, shares surging after the company reported a revenue beat and smaller than expected loss per share for the latest quarter. Q one revenue guidance also topping estimates that conference call is underway. Julia Morrison joins us with the latest. Hey, Julia. Hey, that's right. In addition to that better than expected revenue that Roku reported, that revenue actually flat with last year rather than a decline, a company reporting smaller than expected loss, Roku guided to Q one revenue of 700 million. That was higher than expectations, though it is worth pointing out that first quarter earnings guidance did fall short of what analysts were looking for. CEO Anthony wood, writing in his letter to shareholders, quote, although macro, uncertainty seems likely to persist in 2023, are unmatched scale and engagement along with our competitive advantages, give us conviction in our ability to navigate and execute in challenging times. The company also noting both in that letter and also in his call going on right now that despite tightening ad budgets in Q four, ad spending on the Roku platform outperformed the overall ad market would saying that the company plans to continue to improve its operating expense profile and that they are committed to a path that delivers positive adjusted EBITDA for full 2024. They also mentioned that there was 85% growth in the Roku channel in the past year and also they're seeing a lot of growth in those free ad supported channels, what they call fast channels in the biz in general. Melissa, Julia, thanks, Julia, and Steve. This is about expectations. And I believe in October, they guided to a 8% decline in revenue. So the bar was set up pretty low for them. You look at the chart, it's a disaster. Anything better than a disaster was going to have the stock pop. You have an upgrade cycle in TVs, more Roku's, I think we're headed towards more positivity. Well, I think their best days are behind them. I mean, I see the competition from big tech and the ad scatter market. We know the cyclicality in that Steve's right on the comps are easy to beat and they'd already given you a guide. It was easy to beat that. This is not a stock I get excited about. A 9% short interest doesn't. It helps in terms of the pop in the stock after hours guy. No, it does not, yeah, it shouldn't, it's not representative of this move without question. We've seen much larger short interests, but let's put this in perspective that both Steven Tim's point. This stock at its trough, I think it was $38 and change. Forget about the lows we saw in March of 2020. I mean, this stock traded levels we hadn't seen since sort of the summer of 2018. So you talk about a complete overshot, a stock that would, by the way, a year earlier was trading $500. So for perspective. So where we are now effectively gets us to the lows that we saw in the early spring of 2020. Theoretically, this is where we sort of flame out. I would think, because to Tim's point, the best days for Roku, I think are clearly behind them, and it's still at these prices, even with the precipitous self we've seen over the last couple of years, it's still an expensive stock. All right, let's get to Cisco now. It's also out with results shares also higher after posting a beat on the top and the bottom line. Guidance for the current quarter, coming in above expectations, Frank
Bloomberg Radio New York
"zillow group" Discussed on Bloomberg Radio New York
"A Bloomberg money minute, Levi's have been around a long time. Way before that, even before the Civil War started, but teenagers have been around even longer and one certainty about teenage fashion trends is that their change all the time. And right now that means cargo pants are big, so we're twills. And teenagers are just not into denim jeans like before. These are definitely more interested in athleisure Activewear and items that could show uniqueness and their identities, like quality t-shirts, jackets, and sneakers. That sunny zang and analyst at kursite research it was definitely seen a change in what young people are wearing, and it's the ever changing moods of teens that has led to several recent analysts downgrades of Levi's, but like other denim giants like Lee and Wrangler, they may just have to wait until genes are cool again, at least with teens. Tom busby, Bloomberg radio. And I'm Susanna Palmer in the Bloomberg newsroom. In Germany, Chancellor Olaf shoals social Democrats lost the Berlin election today to the conservative Christian Democrats, and that's the first time in almost 25 years, all the way back since 1999 that that has happened. According to an exit poll cited by public broadcaster ARD, the CDU or Christian Democratic Party was the strongest with 27 and a half percent of the vote up from 18% in 2021, support for the social Democrats that shows this party dropped to 18 and a half percent down from 21% and that's its worst ever result. The coming week has a lot for investors to digest to kick things off the Federal Reserve bank of New York is set to release both one and 5 year inflation expectations tomorrow. The consumer price index comes out the following day with analysts predicting the prices of goods and services likely rose last month a development that would point to Federal Reserve policy makers needing to do more to lower inflation. At JPMorgan asset management, chief global strategist to David Kelly does not see inflation sticking around. I think we're going to end up back in the middle of the last decade with the inflationary going down below 2% in 2024. And in the middle of this decade, the Federal Reserve is going to be muttering about how they can get inflation back up to 2%. This economy is not an inflation prone economy, and if we just wait listening to work its way through, I think we'll be back in a very slow growth inflation environment. Retail sales are due Wednesday, weekly jobless claims Thursday and the government's index of leading economic indicators comes out on Friday. Earnings reports continue to roll in this week, watch for Airbnb Applied Materials, Biogen, Cisco Systems, Coca-Cola, dear DoorDash, DraftKings, Hyatt hotels, Kraft Heinz, Marriott International Shopify and Zillow group among the many others that are going to report. After advertising its efforts to produce environmentally friendly fuels from algae for over a decade, ExxonMobil is now quietly walking away from its most heavily publicized climate solution, Bloomberg's Karen Moscow has more. Exxon slashed its support for Vera dosa BioTech company based in the Hoya California that operated as the oil giants key technical partner since it began its LG push in 2009, with Exxon funding drying up and difficulty finding other backers. The BioTech firm laid off 60% of its staff in December, according to virus executives, Exxon confirmed that it's pulling back on funding for algae in favor of other technologies. Karen Moscow Bloomberg radio. Gas prices are down a penny, triple-A puts today's national average at three 41 a gallon. Now a week ago, it was three 47. Texas remains the nation's low price leader at three bucks a gallon while drivers in Hawaii are shelling out the most in $4 and 89 cents on average. Global news, 24 hours a
Bloomberg Radio New York
"zillow group" Discussed on Bloomberg Radio New York
"Ever. Why not? It's too far. It's fine. It's really fun. After crypto crashed last year, so did FTX and the head of ad sales at Fox Sports says the crypto companies that were interested in a Super Bowl rematch backed out. Tracy John. Bloomberg radio. And I'm Susanna Palmer in the Bloomberg newsroom. In Germany, Chancellor Olaf shoals social Democrats lost the Berlin election today to the conservative Christian Democrats, and that's the first time in almost 25 years, all the way back since 1999 that that has happened. According to an exit poll cited by public broadcaster ARD, the CDU or Christian Democratic Party was the strongest with 27 and a half percent of the vote up from 18% in 2021, support for the social Democrats that shows this party dropped to 18 and a half percent down from 21% and that's its worst ever result. The coming week has a lot for investors to digest to kick things off the Federal Reserve bank of New York is set to release both one and 5 year inflation expectations tomorrow. The consumer price index comes out the following day with analysts predicting the prices of goods and services likely rose last month, a development that would point to Federal Reserve policy makers needing to do more to lower inflation. At JPMorgan asset management, chief global strategist to David Kelly does not see inflation sticking around. I think we're going to end up back in the middle of the last decade with the inflationary going down below 2% in 2024. And in the middle of this decade, the Federal Reserve is going to be muttering about how they can get inflation back up to 2%. This economy is not an inflation prone economy, and if we just wait listening to it to work its way through, I think we'll be back in a very slow growth inflation environment. Retail sales are due Wednesday, weekly jobless claims Thursday and the government's index of leading economic indicators comes out on Friday. Earnings reports continue to roll in this week, watch for Airbnb Applied Materials, Biogen, Cisco Systems, Coca-Cola, dear DoorDash DraftKings, Hyatt hotels, Kraft Heinz, Marriott International Shopify and Zillow group among the many others that are going to report. After advertising its efforts to produce environmentally friendly fuels from algae for over a decade, ExxonMobil is now quietly walking away from its most heavily publicized climate solution, Bloomberg's Karen Moscow has more. Exxon slashed its support for Vera dosa, BioTech company based in la Jolla, California, that operated as the oil giants key technical partner since it began its algae push in 2009, with Exxon funding drying up and difficulty finding other backers. The BioTech firm laid off 60% of its staff in December, according to virus executives, Exxon confirmed that it's pulling back on funding for algae in favor of other technologies. Karen Moscow Bloomberg radio. Gas prices are down a penny triple-A puts today's national average at three 41 a gallon. Now a week ago, it was three 47. Texas remains the nation's low price leader at three bucks a gallon while drivers in Hawaii are shelling out the most in $4 and 89 cents on average. Global news, 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. I'm Suzanne Palmer. This is Bloomberg. Bloomberg radio on demand and in your podcast feed. On the latest sound on podcasts, the SEC cracks down on crypto trading platforms with a $30 million settlement with kraken for what they called staking. I asked former SEC chair Harvey Pitt if the SEC is moving fast enough to crack down on crypto. The right question may be. Are they moving too fast? But there's certainly moving quite rapidly and they are creating a very dangerous character cryptocurrency firms. Y too fast. Well, the difficulty is that we're dealing with a trend and with activity that are not well defined. And what the SEC is doing is they're bringing enforcement actions as their way of telling people what the rules may be, but the right way to regulate this would be to put out information that allows people to understand what the rules of the road are. How they can comply. And then if they don't comply in force law, that's not happening. So the SEC is failing and not communicating with the crypto universe is your point. I think so. Commissioner peers put out a statement which said the SEC's known about staking transactions for example for quite a long time
Bloomberg Radio New York
"zillow group" Discussed on Bloomberg Radio New York
"Been looking for a fully remote job, experts say it's Slim Pickens. For most of 2022, the share of postings that advertised remote work declined. Nick bunker is the North American economic research director for indeed. Share peaked somewhere at the end of 2021, beginning of 2022. It has come down, whereas now it's about 8.3% of all job postings, indeed, as of December 31st, which is down from a little under 10% where it was about a year prior. He says it's because the areas that tend to advertise remote work the most, like software development, have seen the greatest pullback in hiring. This is mostly a story of hiring cooling in sectors most likely to have remote jobs rather than individual employers or individual sectors retreating from remote work. Bunker adds that the selection may be slimmer, but looking on the bright side, there are still more remote jobs now than there were before the pandemic. Bloomberg radio. And I'm Susanna Palmer in the Bloomberg newsroom. A Turkish business group said the economic losses in the powerful quakes that jolted the region on February 6th could reach $84 billion. That exceeds calculations from other economists by far. Of the total cost 70.1 billion will be housing losses while 10.4 billion will be loss of national income the group said, which also pointed out infrastructure damages in roads, electricity, natural gas, oil pipelines, communications, hospitals, and schools. The coming week has a lot for investors to digest to kick things off the Federal Reserve bank of New York is set to release both one and 5 year inflation expectations tomorrow. The consumer price index comes out the following day with analysts predicting the prices of goods and services likely rose last month a development that would point to Federal Reserve policy makers needing to do more to lower inflation. At JPMorgan, asset management, chief global strategist to David Kelly does not see inflation sticking around. I think we're going to end up back in the middle of the last decade with the inflation rate going down below 2% in 2024. And in the middle of this decade, the Federal Reserve is going to be muttering about how they can get inflation back up to 2%. This economy is not an inflation prone economy, and if we just wait listening to work its way through, I think we'll be back in a very slow growth low inflation environment. Retail sales are due Wednesday, weekly jobless claims Thursday and the government's index of leading economic indicators comes out on Friday. Earnings reports continue to roll in this week, watch for Airbnb Applied Materials, Biogen, Cisco Systems, Coca-Cola, dear DoorDash DraftKings, Hyatt hotels, Kraft Heinz, Marriott International Shopify and Zillow group among the many others that are going to report. After advertising its efforts to produce environmentally friendly fuels from algae for over a decade, ExxonMobil is now quietly walking away from its most heavily publicized climate solution, Bloomberg's Karen Moscow has more. Exxon slashed its support for Vera dos a BioTech company based in the Hoya California that operated as the oil giants key technical partner since it began its algae push in 2009, with Exxon funding drying up and difficulty finding other backers. The BioTech firm laid off 60% of its staff in December, according to virus executives. Exxon confirmed that it's pulling back on funding for algae in favor of other technologies. Karen Moscow Bloomberg radio. Gas prices are down a penny, triple-A puts today's national average at three 41 a
Bloomberg Radio New York
"zillow group" Discussed on Bloomberg Radio New York
"You see me walking down the street and I start to cry Dion Warwick is among the music icons remembering legendary songwriter Burt Bacharach who passed away Wednesday at his LA home. The composer won 6 Grammy Awards at three Oscars and his four decade long career co writing with Hal David several classic hits like walk on by. Raindrops keep falling on my head and I'll never fall in love again. Covered by Elvis Costello among many other artists, Warwick, who had several hits with Bacharach said it was like losing a family member. Burt Bacharach was 94. I'm Scott Carr. And I'm Suzanne Palmer in the Bloomberg newsroom. Former president of Brazil, jair Bolsonaro, said Saturday he intends to return to Brazil in the following weeks. The comment during an event at an evangelical church in Florida was the first time that Bolsonaro had made a statement in public about returning home. The far right politician has been in the U.S. since arriving in Orlando, Florida on December 31st. That was the eve of the inauguration of his leftist rival, Louis Inacio Lula da Silva, as Brazil's current president. The Securities and Exchange Commission is investigating the Mormon churches past efforts to keep its giant investment portfolio secret a practice that ended after a former employee revealed in 2019 the church had amassed $100 billion worth of holdings. The SEC's investigation has focused on whether The Church of Jesus Christ of Latter day Saints also known as LDS, complied with disclosure requirements for large money managers. The spokesman for The Church of Jesus Christ of Latter day Saints declined to say anything about an SEC investigation. Wall Street is looking ahead this week for the release of the closely watched consumer price index and what it says about inflation. Emily Roland is coach, chief investment strategist at JH investments. It is going to be really critical and it feels like there's been a big shift in the mood music and we've had a higher bond yields. We've had oil prices rising and most importantly, the dollar strengthening, well, the week's economic data will be front and center for investors, there will also be plenty of earnings reports to sift through, watch for Airbnb, Applied Materials, Biogen, Cisco Systems, Coca-Cola, dear, DoorDash, and Zillow group among many, many others. The next big thing in nuclear power could be tiny as we hear from Bloomberg's Amy Morris. Little nuclear reactors, smaller and cheaper than the massive nuclear power plants with giant concrete cooling towers. These new devices generate small, but meaningful amounts of electricity, enough to power a small college campus or a hospital or a military complex. Universities are eager to try it out, but the union of concerned scientists says that micro reactors could generate more uranium waste and there's no place to put it. Amy Morris Bloomberg radio. Super Bowl ads are filled with cars and beer brands, but this year one campaign is focusing on religion. It's painting a positive picture of the Christian faith at a time when church attendance is falling. And that's been going down more rapidly in the last 20, 30 years or so. That's Alison gray. She heads the center for Catholic studies at saint Mary's university. She says the ads target young people who are the largest group fleeing the faith. The group he gets us in spending about $20 million on the commercials. It's funded by a group that includes the founder of hobby lobby. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. I'm Susanna Palmer. This is Bloomberg. This is Bloomberg business of sports. Everybody is in the soccer. So it's not a case of like building the game in 94. To me, the mets have one of the most aggressive owners in all of pro sports. Women's sports has become much more high profile. There's been a lot of focus on it. TV networks have made a killing off college football and they will continue to do that. You have a very motivated owner which the Padres do, which the Phillies do, which the Yankees do, you spend. I think sports may be driving some of these streaming services as they go forward. There's a shelf life to be internationally. You have to figure out what the pivot is going to be. Bloomberg, business of sports. From Bloomberg radio. This is the Bloomberg business of sports show where we explore the big money issues in the world of sports. I'm scarlet fu. And I'm Damien Sasha. Michael Barr is off this week. No doubt getting ready for the
Bloomberg Radio New York
"zillow group" Discussed on Bloomberg Radio New York
"Street. I'm Charlie pellet with today's company headlines, Microsoft declined after the company warned that revenue growth in its cloud computing business will decelerate in coming months and corporate software sales will slow, fueling concern about demand for the products that have driven its momentum in recent years. Now, early going, we did have Microsoft down, we saw a brief move higher, but Microsoft back in the red right now down by about one tenth of 1%. The big story after the close of trading today gonna be Tesla, we've got you covered on that. We'll have complete reaction as the numbers drop, the Tesla is expected to give us an update on how it's electric vehicles are doing also how recent price cuts will impact profitability and how many cars the company plans to make in 2023 ahead of that report, Tesla shares are trading higher up now by just about 9 tenths of 1%. Shares of the digital real estate company real estate company Redfin sank today is the outlook for the housing market weakens. We do have Redfin shares down now by about 5.7% rival Zillow group is moving lower as well down by 3.9% and another real estate broker compass is up by four and a half percent. Shares of a Redfin fell after Needham analysts, Bernie mcternan, cut his housing market forecast for 2023, and also lord estimates for Redfin and its peers. Boeing, after earnings, up now by 6 tenths of 1%. Those are the company's stories we're following. I'm Charlie palette.
Bloomberg Radio New York
"zillow group" Discussed on Bloomberg Radio New York
"On with Joe Matthew. So a working weekend, it will be for the Senate as the path to Democrats climate and tax bill. Gets a little bit longer has senator kyrsten sinema pushes for changes now. We'll talk about what's going on behind the scenes coming up with Jim Kessler of third way. Spent time as the legislative policy director for senator Schumer, he's been there first the markets, we get an update after hours now. Charlie, I thank you very much. And here's what's going on, Joe Matthew, earnings, plenty of them after the bell. Let's begin with Lyft ride share volumes were on track to exceed pre COVID levels as it reported the highest earnings in its history a sign that investment to stem a shortage of drivers is paying off. After our lift shares, they're driving higher now by about 8%. Zillow group shares down by 7.8% after the company's third quarter outlook came in below expectations as a slowing American housing market looks poised to reduce demand for real estate advertising and Expedia Group reported second quarter revenue the top ten assessments shares jumping about 6% in extended trading. Stocks wavered ahead of tomorrow morning's jobs report the S&P fell three points little change down just about one tenth of 1% the Dow down 85 down three tenths NASDAQ up 52, a gain of four tenths of 1%. Ten year yield 2.69% spot gold at 1791 the ounce was Texas intermediate crew down 2.3%, 88 54 barrels. I'm Charlie palato Matthew, this is a Bloomberg business flash. Charlie, thank you. You have to wonder what senator Chuck Schumer is thinking right now. As he looks ahead to this weekend waiting for the parliamentarian to rule in a relatively short window of time
KOMO
"zillow group" Discussed on KOMO
"Index is plenty in anywhere from three to 5% a tumble of more than a thousand points in the case of the Dow Jones industrials After the closed Zillow group handily beat expectations for quarterly earnings and revenue the Seattle based online real estate company put out a disappointing forecast whoever and that has shares sharply lower in extended trading Boeing made it official this afternoon it will move its global headquarters from Chicago to Arlington Virginia The aerospace giant whose roots are in the Seattle area said moving to Northern Virginia near Washington D.C. makes sense given its proximity to its customers and stakeholders and its access to world class engineering and technical talent That's your money now I'm Jim chesko northwest news radio It was a night of severe weather tornadoes tearing through parts of Oklahoma and Texas ABC's morea Villarreal has more from Seminole Oklahoma Violent twisters sprawling across the state's overnight One ripping through the city of Seminole and taking out much of its power Officials reporting significant damage to structures objects barely identifiable inside these demolished trailers This school torn to pieces roofs pulled off homes trees uprooted debris stretching across the streets There's a large path of damage Their power lines down there are reports of gas leaks things like that So there's a lot of things that we have to look over and check for Another tornado in Maude hitting a nearby farm A similar scene in northeast Texas 6 tornadoes reported in the state powerful winds pulling dirt and debris into this funnel cloud near Cromwell.
KOMO
"zillow group" Discussed on KOMO
"Ukrainian fighters set to make a final stand as up to 200 civilians shelter there And across the country Ukrainian officials accuse Russia of missile terrorism At least 25 civilians were injured in a missile attack by Russians on Crimea tours given the east of the country today according to local officials and ina Deepa also in the east officials releasing video showing an explosion near a bus stop killing at least ten people And new footage of a children's amusement park in Hakeem struck by a missile on Tuesday We filmed the aftermath We're at the scene of one of the bombings inside our key This is gorky park This was a children's playground You can see the Ferris wheel over there There was a beer garden a photo booth even a child's playground luckily there was no one playing her at the time But Ukrainian forces pushing back reclaiming villages outside of harkey pushing Russian troops back ever closer to their own border Well Russia says it's conducting more military exercises in Belarus to the north The president of that company is claiming that he's trying to bring about peace but no evidence of that I think it's fair to say we're firmly in the second phase of this conflict with Ukraine brains to counter that expected Russian attack People are drinking more than ever in this pandemic at its costing lives That's the latest from a new study which shows deaths from alcohol use topped expectations for a second year in a row Medical reporter Liz bonus shares the alarming numbers This study found a 22% increase from pre COVID projections in pandemic drinking addiction deaths Those who work in treatment say they are still seeing the carryover If I have a broken like you'd see that if I was sick you can see there's outward things The problem with alcohol use disorder however according to Aaron lane who is now 5 years sober is that you don't often see the outward signs until the drinking is at a dangerous level He's now an outreach coordinator at Ohio's to coach rehabilitation He says along with other substance use disorders See more than car accidents COVID cancer This is the number one way people are essentially losing their life There's something to be said for that CDC data published as a research letter in jama network open says based on projections that's true when they looked at the last decade they say in 2021 the alcohol use disorder deaths were 22% higher than projected when looking at multiple causes of death And almost 29% higher in cases when it was listed as the only cause While just about every age group saw alcohol use disorder go up in the past two years of the pandemic the youngest adults those ages 25 to 44 had the greatest increase The authors of this study say it's likely due to everything from the breakdown in traditional treatment models to the isolation that led many of us to start drinking alone This had a huge impact on people And if we can change the numbers in the opposite direction at least make a dent in it then maybe we can trend that in the other way Specialists say there are also seen carryover for alcohol use disorder complications on the rise this year including liver problems and mental health concerns High medical reporting list bonus Your stock charts dot com money update on northwest news radio A massive sell off by stocks today the major index is plummeting anywhere from three to 5% a tumble of more than a thousand points in the case of the Dow Jones industrials After the closed Zillow group handily beat expectations for quarterly earnings and revenue the Seattle based online real estate company put out a disappointing forecast however and that has shares sharply lower in extended trading Boeing made it official this afternoon it will move its global headquarters from Chicago to Arlington Virginia The aerospace giant whose roots are in the Seattle area said moving to Northern Virginia near Washington D.C. makes sense given its proximity to its customers had stakeholders and its access to world class engineering and technical talent That's your money now I'm Jim chesko northwest news radio Civilians still trapped at a steel mill in Ukraine These are your world headlines from ABC News Renewed showing at the besieged doz of stahl steel plant the last bastion in Mary opal where Ukrainian civilians and fighters have been holed up for weeks Ukraine's president zelensky appealing to the UN chief to help save those who are still trapped and are now running low on supplies The World Health Organization estimating that about 15 million people have died as a result of COVID in the last two years That's more than double the official death toll of 6 million The findings revealed nearly every country under reported the number of deaths linked to COVID India was the worst offender with nearly 5 million deaths that went unreported And the shirt worn by soccer star Diego Maradona the day he scored two of his most famous goals some of the most famous goals in soccer history selling for more than $8.9 million setting a new record for a sports memorabilia item at auction I'm an as delicate Terra at the ABC News foreign desk in Paris Northwest news radio traffic from the dubin law group traffic center Seeing a lot of traffic due to the Mariners game tonight in Seattle on the I 90 eastbound off to fourth avenue south There is a collision blocking that ramp and there is a major backup that route In Seattle the ballad bridge has reopened a traffic but now the Fremont bridge is temporarily close to traffic so expect delays there in rent in still seeing that accident causing some slow traffic beginning at south 6th street on northbound rainier avenue south at Southwest sunset boulevard and in Sumner you can expect road closures on both lanes of east valley highway east mainly between puyallup street and forest canyon road and this is from an accident involving a rolled semi and it's expected to stay closed throughout the rest of the evening Our next northwest traffic at 7 34 The northwest news radio forecast from the 1530 mortgage dot com weather center tonight showers lows in the low 40s tomorrow rain likely mid 50s for highs showers on Saturday mid 50s Sunday mostly cloudy and increasing chance of showers highs mid 50s Monday through Thursday next week mostly cloudy a.
Bloomberg Radio New York
"zillow group" Discussed on Bloomberg Radio New York
"From Bloomberg world headquarters I'm Charlie peddled lots of earnings after the bell we begin with Zillow group shares up now by about 7% Zillow posted better than expected results for the fourth quarter as the hot housing market helped speed the company's bid to wind down its home flipping business Expedia shares up more than 4% in post market trading after the online travel agency reported adjusted fourth quarter earnings that beat expectations Urban Outfitters saying fourth quarter comparable retail segment sales were up by 14% A brutal day for the bulls today with the Dow the S&P and NASDAQ all declining stocks sank treasury old spike higher after the hottest inflation reading in four decades prompted a Federal Reserve official to call for accelerating rate hikes S&P down 83 a drop of 1.8% tau industrials down 526 were dropped by one of the half percent NASDAQ down 304 drop of 2.1% that has stacked 100 index down 2.3% equities to close near session lows Ten year yield 2.05% two O 5% on the ten year highest since 2019 spot goal down $6 now 1826 the ounce down four tenths was Texas enemy accrued up 5 tenths of 1% 90 O 6 of arrow Recapping a sell off today with the S&P falling 83 points down 1.8% I'm Charlie pellet that is a Bloomberg business flash All right Charlie appreciate that update I want to talk a little bit about Sonos The stock up about four and a half percent in today's session This after the latest quarterly update we were breaking it down yesterday after the close adjusted EPS revenue beating estimates the company is showing it had an ability to overcome those supply constraints growing holiday sales so investors definitely liking what they had to say Well let's talk to Patrick Spence CEO of Sonos all about it He joins us on the phone from Santa Barbara California just about 80 miles north of where we are here in Los Angeles Patrick how are you Good Tim how are you We're doing really well Thanks hey last time we spoke to you About a quarter ago You were confident but I think it's fair to describe you as a little nervous about the holiday quarter and making sure that you had enough supply to meet demand for the holiday shopping season Here we are a few months later Did you have enough supply to meet demand We did not We successfully navigated probably the most challenging supply chain conditions I've ever seen in my career and we got more to our customers than we had planned and exceeded expectations but there was so much demand that we couldn't fill and we've continued in January and February to continue to try and fulfill that demand for our customers and you nailed it I mean we're going into the quarter We knew it was going to be a top one We had provided that color to everybody and I am so proud of the team's effort because we really navigated well considering all of the challenges that we had And we did better than expectations So feel good about that but also feel good about putting that quarter behind us Right Yeah I think a lot of people feel good about putting 20 21 behind us Is it really behind us Patrick Is it really behind us Are there signs that you're seeing that it's getting better Yeah Oh absolutely Carol So I definitely feel like it was the low point Again for us And as we there's a variety of different components and every situation is a little different in terms of every company you'll hear from I saw Pakistan today as well kind of giving a similar perspective which is we're by no means out of the Woods but that for us felt like the tightest period And we stayed very close with we both have the demand signals from our customers obviously with a big direct to consumer business and all of our great channel partners But we as well see our products lighting up every single day So we have a really good handle on consumer demand That remains very strong for our customer base And then on the flip side we're working very closely with our supply chain partners to make sure that we can deliver on this So and it's not like we will have everything sorted out in this quarter but it definitely gets better through the year and that's why we felt confident in raising the midpoint of our guidance How do you quantify the opportunity lost in the most recent quarter to people going to the website or going to a store and seeing that Sonos wasn't in stock And instead of buying that Sonos speaker for somebody for a gift they went and bought something else for that person versus somebody buying for themselves maybe waiting a few weeks and saying okay I can buy this for myself in January or February How do you quantify that So a couple of things one is we're such a considered purchase rate and that really goes to our model our existing customers are our number one generator of new customers And so they're telling their friends and family how much they love it and they understand that there's nothing quite like it And then for more of a tactical mechanics perspective we've watched very closely the orders from our direct to consumer business and people have been willing to wait Tim like they've been willing to wait 8 to ten weeks for product at times and we watch it whether people cancel or not and going through that And we also look at and we triangulate that with third party market share reports to understand how we're doing and since this has been a lot of industry wide Supply chain challenges I feel like we're coming out of this And we've navigated it better than anyone in our industry That's for sure And we're in a strong position and we'll continue to work hard at delivering to all those customers that have been waiting and trying to get back in a situation where I have to wait that long Patrick how big is the backlog.
Bloomberg Radio New York
"zillow group" Discussed on Bloomberg Radio New York
"Bloomberg world Hank waters I'm Charlie Pelosi day of records on Wall Street lots of after the bell earnings news Let's begin there We've got Zillow group pulling the plug on its tech powered home flipping operation after deciding that its pricing algorithms weren't accurate enough to build a staple business Zillow down now by about two and a half percent during the regular session Zillow plunge 10.2% Lyft reported third quarter revenue 73% higher than last year boosted by demand for ride hailing services amid improving COVID-19 conditions lift after ours up by about 3% Activision Blizzard that's the video game publisher facing lawsuits for sexual discrimination and harassment forecast adjusted earnings and revenue for the fourth quarter that missed analyst estimates Stock market had its fourth consecutive record today with the S&P up 17 of four tenths of 1% This just a day ahead of the Federal Reserve's policy decision S&P up four tenths of 1% to Val rally 138 points also to record up four tenths as tank up 53 up by three tenths of 1% Ten 30 seconds ten year yield 1.54% spot cold down three tenths of 1% 1788 the arms West Texas intermediate crew little change down 6 tenths of 1% 83 52 a barrel So again recapping stocks finish the Tuesday session at a record up 17 points on the S&P of four tenths of 1% I'm Charlie peloton bet is a Bloomberg business flash All right Charlie thank.
Bloomberg Radio New York
"zillow group" Discussed on Bloomberg Radio New York
"Ahead of the crypto's first ETF expected to go live on the NYSE Tuesday we're going to look into that rally and what risks could lie ahead next And as we had to break reminder tech earnings kick off this week we're gonna get reports from Netflix Tuesday then it's Tesla and IBM Wednesday an Intel on Thursday Investors will be keen to hear how forecast from these companies In fact they're investing strategies This is Bloomberg We're doubling down on everything in technology right That's such an exciting time What an exciting time to be in our business I would say that if you're thinking of buying tech if you're thinking of buying some of these frothy growth names first ask yourself what's my exit strategy Growth stocks have had an incredible run It's just they've been the winners They've been the drivers of this bull market I think we start to see some cracks emerge that there's just there's probably better places to put your money going forward The markets in focus every business day the Bloomberg markets podcast with Paul Sweeney and Matt Miller Are there some sectors that you want to have more or less exposure to We've got a vaccinate the whole world analysis of the day's Wall Street action What's the thought on apple here from Bloomberg intelligence Bloomberg opinion and influential newsmakers The bond market was the boss Bloomberg markets with all Sweeney and Matt Miller Subscribe to day at Bloomberg radio dot com The Bloomberg business app or iTunes Before and after the pandemic Is it driven by politics or by science There may be how we keep track of our lives from here on out What do you think the political effects of that impatience will be And through it all there's been Bloomberg We begin on Capitol Hill the most accurate business world and healthcare news before and after The fundamentals do not justify this price action Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Bloomberg the world is listening Would you say it's more important to gather information fast or to have it first or to be the most accurate They can really move the needle when it comes to programs It's the level of support you get from companies for this What if you don't have to choose It also has a nose for importance for the labor market How do they get ahead of different administrations We see this move towards digital currencies Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Bloomberg the world is listening We used to take our freedom of movement for granted not anymore It's not just that people work for the airlines and it's natural to feel grateful for the things that kept you going Does America have a chance to lose our advantage Can we get to her community fast enough so that will be in good shape But really we were just doing our jobs Oxford University is starting a study on patients who've recovered from COVID Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Bloomberg the world is listening Chairs have online real estate marketplace Zillow fell more than 9% Monday The company saying it would stop buying new homes and work to clear a backlog of properties It already has Zillow acquired more than 3800 homes in the second quarter the Seattle based company has seen its stock price tumble 27% this year after it nearly tripled in 2020 amid the pandemic fueled housing market boom Meantime Bitcoin and crypto stocks soared to start the week This as investors await the launch of pro shares Bitcoin futures ETF expected to debut on the NYSE Tuesday Joining us now TikTok Klein cofounder of the graph a web three platform aimed at making blockchain data more easily accessible Teigen Thank you so much For joining us So look our investors right to be this excited about a Bitcoin ETF Yeah I mean it's great to see you Bitcoin getting so much well deserved attention This comes after the El Salvador news that the country is accepting Bitcoin is legal tender The increasing number of wallets holding Bitcoin has increased to over 35 million today and then fidelity recently reported that 33% of U.S. institutional investors are actually invested in digital assets today within the graph we've seen an increase in the number of interweb Bitcoin that exists on other chains like Ethereum and this kind of speaks to how Bitcoin is getting involved in decentralized finance as well as a multi blockchain future And now Bitcoin is up Yeah To be clear though this isn't an exchange traded fund backed by actual Bitcoin It is backed by futures tied to the cryptocurrency So does the hype actually match the expectations Yeah I think that's a great question and I think it's really important that you're educating the listeners on the fact that this is not Bitcoin backed ETF It is a features ETF not a spot based ETF And so I do think it is a step in the right direction but a thought based ETF would be much more preferred and I know grayscale is currently trying to push a spot based ETF through So hopefully the SEC approves that as well How do investors wait whether an ETF is a better bet than say a platform like coinbase which is a publicly traded company Yeah it's a great question So with Bitcoin with this ETF that's been approved by the SEC you if you want to bet on the price of Bitcoin in the future that's a great way to do it But if you want to hold the underlying Bitcoin asset the best way to do that is through a platform like you mentioned like coinbase or cracking What is this signal about future regulation Obviously we're waiting for the shoe to drop essentially but we don't know exactly what that's going to look like Yeah absolutely I think this is a step in the right direction for not just Bitcoin but crypto assets in general and I do hope that SEC does look to approve a spot based ETF in the future And what is your take on the market dynamics Obviously we've seen a lot of volatility a spike in Bitcoin in more recent days things seem to be back on the rise but still a lot of uncertainty hanging in the balance Yeah I mean we've seen Bitcoin recover from an outright ban in China yet again We saw a very strong bounce off of 30,000 which is tremendously bullish And now we have this news that the SEC has pushed this through So I think it's a really exciting time for the Bitcoin and blockchain ecosystem All right tegan Klein cofounder of the graph tegan thank you so much for joining us lots to keep watching Meantime the largest assembler of iPhones Foxconn has unveiled its first electric car This is a milestone that could boost the Taiwanese electronics manufacturers credentials as a serious bidder for apple's secretive car project These models are concept vehicles that Foxconn plans to build for automotive customers rather than sell under its own brand The company agreed in late September to spend $280 million on an auto plant in Ohio from embattled startup Lordstown Coming up home security is.
Bloomberg Radio New York
"zillow group" Discussed on Bloomberg Radio New York
"Selection scheduled to start Monday in the murder trial of Greg and Travis mcmichael the father and son who prosecutors say armed themselves then pursued Arbery after spotting him running in their neighborhood just outside of Brunswick Also standing trial is William roddy Bryan a neighbor who took video of Travis mcmichael shooting Arbery at close range with a shotgun in Omaha Saturday morning at 11 year old boy and two other miners were arrested after a car chase with a stolen vehicle Nebraska state patrol responded to reports of a stolen Jeep and Lincoln traveling to Omaha They say a handgun was thrown out of the window as the Jeep reached speeds of a 110 miles an hour along I 80 The 11 year old driver was cited for possession of a stolen firearm flight to avoid arrest and unlawful taking of over $5000 A former marine from Nebraska setting off on a 140 mile walk in support of Afghan refugees bob Koenig started his walk early Saturday morning in elkhorn He's headed northeast to harlington The Rock for refugees raising money for an Afghan interpreter that served alongside Kane again his family who fled a 140 miles to escape the Taliban this summer Microsoft cofounder Bill Gates and his ex-wife walked their oldest daughter down the aisle Saturday in a lavish wedding ceremony in upstate New York Jennifer Gates married equestrian Nile Nasser in front of family and friends on her 124 acre nearly $16 million horse farm The wedding just mumps after Bill and Melinda called it quits after 27 years of marriage I'm Scott Carr And I'm Susanna Palmer in the Bloomberg newsroom Zillow group is taking a break from buying U.S. homes after the online real estate giants pivot into House flipping hit a snag More from Bloomberg's Denise Pellegrini Zillow acquired more than 3800 homes in the second quarter but it's going to stop pursuing new home purchases for now As it works through what it calls a backlog of properties already in its pipeline Zillow is best known for publishing real estate listings online.
The CMO Podcast
"zillow group" Discussed on The CMO Podcast
"Old school old school all school. One of my first ads prego pasta sauce. And we were trying to figure out competition between us and ragu and we did these like nutty scientists ads and that will always have a place in my heart because that was one of the first where you can be on brand tone and manner still be competitive and not grow necessarily share for them as well. Because you're talking about it to buy like really hitting a key insight about that. That i don't know if you have a super warm place iheart for that work. I love the people. The sites personality was fantastic. Like that was fun. A place in the her and it was fine. It was fine. It was fine. So how do you keep such a positive level of energy. Amy i know i just you know you have to keep moving forward and your attitude on how you want to move forward so sets up your day and your interactions and your experiences at if you have downlands but what if you go into things expecting the or being excited about stuff and not not naive not silly goofy but just like wow. This is life and life happens in life happens while you're looking for life so just enjoy. The kids enjoy outside eat. Great food gone italy. You just have to keep doing even as the world as illness and or fires and figuring out. I think how we can do our part trying to help. My last question is who would you like to hear in the cmo podcast. You interview Switch places Likes on the cmo podcast. I haven't answered. I just every everybody is so uniquely different like as long as you keep doing people from different industries that have defined marketing different ways and how we're innovating as a group and organization. I like it's not just the same. It's not like it's just you learn something new from each person's experience so that's our goal. Keep that last word you anything for me before we sign off. No thanks for your intellectual curiosity your approachability. You're like keeping now marketing marketing conversation. Ever-expanding must be great to know you super wide level of all the brands. You worked on on a campbell's fan the starbucks fan and zillow fancisco thank thank. You thank you so much thank you. That was my conversation with amy johnson. Three takeaways from this one for your business in your life. The first one is no when it's right to evolve or change your brand purpose or mission as zillow calls it. A brand purpose should not be something that is in and out for a year. They often last for years sometimes decades. But you must be in touch with your customers and your purpose to know when it's time to change evolve zillow's all that time if volved their mission right before kobe and it has served them well second takeaway as a leader. Look for every opportunity to link story an example. A case to your purpose coming to life. Howard schultz does that beautifully at starbucks. Amy told us all about that in this interview. And the third take away the importance and the power of leader. Taking a listening tour when you're promoted when you're in a new job or maybe just every once in a while talk to people inside your department outside your department inside your company outside your company and when you do that well it helps you form an agenda that can change a company and accelerate growth and one bonus takeaway number four. Try a flat white. That's the favorite espresso. Drink of amy. She worked fifteen years starbucks. That's a recommendation. That's it for this. Episode of the cmo podcast. If you found this helpful and entertaining. I would be so grateful. If you could share our show with your friends and i would be super if you subscribe. So you can be updated as we published new episodes. And if you really want to help the us a five star rating and a positive review when apple podcasts or wherever you listen. The cmo. Podcast is a gallery media group original production. The views and opinions expressed by podcast speakers and guests are solely their own and do not reflect the opinions of deloitte or its personnel nor does deloitte advocate or endorse any individuals or entities featured on the episodes..
The CMO Podcast
"zillow group" Discussed on The CMO Podcast
"That kind of stuff so it doesn't go missing as you were speaking just a few moments ago about unlocking chapter. You're right. i one house in our past came vividly to my mind about a major chapter in our life in house really signified that but But i would say in life experiences. Having of course getting married having children but to me the leaving an empty house that we've lived in. We've moved a lot for a lot of reasons. We've moved up and we lived in a lot of places Lot walking through the empty house before you shut the door and leave. It is one of the most. I think just heart wrenching experiences in my life. Even if we've only been in the house a few years because it was a chapter right. Yeah yeah yes it's interesting. We've been talking to customers about the entire moving experience books talks like you don't see on the video And it's the it's like almost you can't wait and the things up to it and you're so distracted and then it's it's one of my favorite movies young kids inside out you. Do you ever see that. And you have the yellow and blue where it's happy sad and it's almost like a yellow marble by it's the you see a ages you see the scratch on the floor when you're dragging whatever wives and you just never fixed it. You'd see the the area where the dining room table used to be. And it's it's sad it's And a happy. And then you move on then move on where we just created a book coming out And it's a it's drafting off. The abbey did which is journey. And it's a little girl right that only vanishes happy and it's a book on her journey. Actually scott little girl. That didn't want to move and i have to say it's quite lovely but you want to start getting into everyone in the family really is affected so again how does alot conceal help worker. We get the book. We're going to be distributing it. I don't wanna say specific. Okay we are looking at broad channels for it. It's to be downloadable. There's a small company in your city. Who can help you with this. You know small company. We're probably going to be distributed. Murky team is allowing me to state dot quite got it got. It will be first-come-first-serve and there will be a couple of thousand copies. Were we're giving each other goosebumps on this podcast. So deloitte is the exclusive sponsor of the cmo. Podcast a lot of what you read and hear about in marketing focuses on the dynamics of business to consumer relationships and experiences but business to business relationships tend to be more complex with longer purchase cycles or stakeholders and more at stake in every transaction. Deloitte recently published. Closed the expectation gap with your beat a buyers. A paper that analyzes results and implications from recent original research on be to be buying and selling the research gives you some important insights into how leading veto marketers for strengthening those relationships and driving growth through emotional connections and it shows how digital technology is being used to build those connections by including the perspectives of both buyers and sellers. The research demonstrates the gaps that often exist between what beata be companies think their customers want and what customers actually expect to download your free copy of closed the expectation gap with your beat. Abi buyers visit sumo dot deloitte dot com. Let's talk about your role as cmo. You've been been there about three years. I just want you to. You're at starbucks fourteen before this was being a cmo a life goal of yours. No at being in a field where i could communicate to customers after understanding with doing what they want and creating experiences that was on having the atonomy enough to make decisions it right and song was You know i. I don't know a lot of To speak to myself as girl growing up it was like on that going ahead anything. I'll just help people that the self esteem you know hits middle school and all that other stuff did take me professionally personally. Awhile to one be like well wait. I believe that that's awesome To see that. I'm super passionate about it. Why wouldn't i do that. And just reach out to other people in the field and get inspired by what everybody is able to do. I honed in on cmo but see also like any definition. Is you know people like chief. Experience officer chief customer officer chief marketing officer chief digital officer there all. I almost didn't care what it was. I knew once. I got past my own bologna of could i could not do it and leaned into the passion but i love it and then it's figuring out for me it was figuring out i want to communicate things i'm passionate about two otherwise they fall dead and say can you not authentic I wanted to have worked with super smart people I wanted to be able to help the tools to to test it right and move things howard. And i wasn't sure what i wanted per se is digital. Is it experience. In this particular all in this particular company was an amazing pollination for me But i do not love your you talk to so many different people like it's just amazing to me like if you want you know. Sometimes it's everybody owns a customer experience. Everybody but yeah no one does and then he gets stuck in this whole like well. What does your meaning as a business. If you guys can't decide on who's gonna be leading parts of experience. The reality is it's a different scope in every company. Whatever they call chief marketing officer but but one thing that is common. I mean more and more is it has a lot to do with the culture of the company especially now where You know brands are taking points of view and things they care about that are important for their customers in society so i think the marketing role is very close to hr these days And of course it's very close to Customer centrisly what you've been talking about since we started those. I think you will find common in most job. Remits however they say it and purpose of choruses of megatrend and typically that starts off and starts doesn't typically dolphin starts in marketing because they're thinking about the customer or thinking about society are thinking about trends and the thinking about growth and nothing purpose pulls all together. That's why it was funny. I think i found myself when i joined starbucks and i was like wait a minute. I could be creative. I could drive business. There's growth that exists. There's people involved. This is a good thing by no. Yeah the first book. I think it was at starbucks when i read. It was called. Ecology of commerce poll. Aukin i think maybe the author and it talked about his revolutionary at the time and i talked about how if you focus Doing good if you will and make it part of the business of what you do. You actually can make money. I remember by like why is this. Such a shocking bought. Two people like we had to.
KOMO
"zillow group" Discussed on KOMO
"Biden says the U. S needs new infrastructure plan with White House today, he said. Infrastructure is not a partisan issue as bridges and roads are not Democrat or Republican. First time unemployment claims are down, according to the Labor Department. Initial claims totaled 793,000 last week. 19,000 fewer than the previous week, though still historically high bankrate dot com senior economic analyst Mark Hamrick breaks it down with Cuomo's Tom Cutler. Okay down is good there higher, though. Then what was forecast Take us behind the numbers here. Yes, Mom. It's a little confusing, but it's down only because the previous week was revised up. Okay, so you know, I think we want to look at the absolute level here and absolute level is still historically elevated, You know, roughly 800,000 new claims and when you lump in the pandemic unemployment Insurance program You assistance program, you're still well above a billion new claims overall, then the Labor Department also does a bit of a lagging running total about the number of people throughout some form of assistance. And that was more than 20 million latest week. So you know this is still Distressing situation. Wow. And of course, we're still kind of inching toward a fiscal cliff. As you call it. The threat of that cut off the of the increased and extended unemployment benefits that says slated for mid March, still waiting for The White House to come up with this stimulus package well and ultimately to have Congress approve whatever is going to approve, but I do think something will pass there. It might not be the steep $1.9 trillion measure that the Biden Camp is pressing for, but I do think once again, the you know, national sport here in the nation's capital is kicking the can, and I think they'll kick this can all the way toward the end of the fiscal year. Which gets us to the end of September meeting. Those who are needing to continue to get benefits will get them. What about the fact that we're seeing the downward trend with Corona virus infections, hospitalizations and deaths, even though there are You know, some very serious reports about the possible variants coming in. Is this giving us some economic hope? Oh, I think it is the hope that we sort of been pinning our existence on Tom, both of the economy and With a pad down MacKinlay here, Dr Fauci, saying today that he thinks it could be effectively open season and positive way in April, in the sense of everybody who wants to get the vaccine ought to be able to get it by them. That's what then helps the economy to open up. And then ultimately, consumers not only have the opportunity with restrictions lifted, but then feel some confidence. In the sense of their safe to go back and resume the activities that they would have previously taken for granted. All right, mark. We also appreciate your insight and analysis that is Mark Hamrick from bankrate dot com. That's Como's Tom Hudler. In Israel there partially reopening schools today as they gradually emerged from into emerged from a national lockdown. They have the world's up to this point. At least most efficient vaccination campaign it makes. Scientists from Tel Aviv University say they're thrilled by some initial study results. Preliminary research here in Israel on the Fizer bio and TEC Vaccine. Indicates it does curb the spread of covert 19 Multi institutional study by the Israel Science Foundation found coronavirus patients who received the first vaccine shot had on average, just 25% of the viral load compared unvaccinated patients. Israeli experts believe this massive reduction in the intensity of the virus makes it less transmittable less dangerous and bodes well for reaching a herd immunity after the second shot. Gordana Miller. ABC NEWS Jerusalem It's 1 15 time for approval. Insurance. BUSINESS Update from Jim Chess Co authored straight narrowly mixed finish for US stocks. The Dow Jones industrial slipped seven points the S and P 500 the rose six and as that game 53, both of those indexes actually setting fresh closing highs. A notable gainer today shares of Zillow Group The online real estate market place shares surged 17% in the wake of Zillow's better than expected quarterly earnings and revenue investors in temper. Seeley just might sleep better tonight. Shares of that mattress maker soared today. 9.5% after the company crushed quarterly earnings estimates. And they should have bright outlook for 2021 sales growth. That's your money now. Money news a 2050 past the hour. We have a coma Traffic update. Straight ahead. You're home. We need a change A room evolution. We.
Afternoon News with Tom Glasgow and Elisa Jaffe
Zillow Group replaces CEO Spencer Rascoff with former CEO Rich Barton
"Business magazine. Spencer Rask off is out as Zillow CEO. He has been replaced by rich Barton who co founded the company in two thousand five and was CEO until two thousand ten Barton has been executive. Chairman since stepping down as CEO, he also founded travel website, expedient Rasco will remain on Zillow's board of directors. The shakeup comes after Zillow reported. Disappointing earnings today as it lost ninety seven point seven million dollars in his just completed fourth quarter more than twenty million dollars more
PepsiCo Shares Climbing Following News of New Chief Executive
"Check the markets now on the latest business headlines Thank you Nathan was an update stocks advancing for a third session as strong results from Berkshire Hathaway lifted financial shares, and higher oil prices boosted energy producers Berkshire class a shares. Up today, by two point three percent PepsiCo shares up nine tenths of one percent in renew is stepping down as CEO handing the reins to a top Lieutenant in the transition that, will draw attention to the dearth of prominent female CEOs in corporate America can shave senior analyst a Bloomberg intelligence to her credit I think we should distinguish herself I think in. The consumer product space is that He made a heavier back on product, innovation and growing internally through organic sales means as opposed to the big acquisition that may or may not work out that many of its peers pursued as, for trade and tariffs Peter hills. Worth is managing partner at hang. Rang investments he was our guest on, daybreak Asia I think that the US may suffer a bit more than expected for example the tariffs that would hit exported out of China a little known fact that's been I think. Published in the mainstream media is that two thirds of. The top twenty five exporters from China Foreign companies including US companies that are everywhere from the s. and p. five. Hundred and daybreak. Asia kicks off twenty nine minutes from now Pandora of Denmark has cut, its financial forecasts adding to the woes of the. World's biggest jewelry maker which has been under a siege from hedge funds betting, against its stock Zillow group plans to. Write mortgages the. Home listings website operator is acquiring mortgage lenders of. America stocks higher SNP, up ten a gain of about four tenths of one percent the. Dow up, thirty nine up two tenths of one percent NASDAQ, up forty seven up six tenths, of one, percent I'm Charlie Pellett that's a Bloomberg business flash Bloomberg best June.