for nightly business report, seema modi, ami. >>> not just cruise ships riding the wave of the strong eceomy. corporate jet business is as well. finally taking off after a decade of tryingo clear out the problems left by the great recession of 10 years ago. industry leaders recently met i orlando set a course for the future. and phil lebeau was there. >> reporter: they are bi high-priced and very much in demand. corporate jets from small ones sell for a if you million dollars to the big boys going for tens of millions. they are once again hot sellers. >> clearly the global economy is strong right now particularly the u.s. and business aviation tends to follow the economy. so this is a particurly good time that we are seeing for the aviation industry. >> after biness jetales lost altitude a decade ago, the slow.r has been mainly because a glut of used planes held down demand for new ones. that's no longer the case. the new prader 6 jet is atrackingew interest. >> we have sales for the new six hundred and five hundred and seeing the momentum for the existing skpers and new customers com

seema mody is there live with the latest good morning >> good morning.he cruise industry is expecting a strong upturn in 2019. 17 ships are expected to come online next year the problem is there's not enough space, enough capacity at the ports to accommodate that new demand royal caribbean ais launching terminal "a," it's the first time a cruise liner has built and operated its own terminal here in port miami it's an ek pan siexpansive effo0 jobs, and royal expects bookings to increase from 750,000 to 1.8 million per year over time royal expects to lease out this terminal to some competitors like norwegian and carnival analysts say that will create a new source of opportunity for the cruise line operator but there are a number of headwinds out there. we spoke to the ceo, not only geopolitical but u.s./china tensions as well >> i'm a free trade advocate anything that creates tensions about free trade i view as economically a bad thing >> the other challenge is timing the launch of this terminal comes amid renewed fears over the state of the consumer, the

only.02% of a gain seema mody is on the floor and bertha coombs at the nasdaq. ema, let's start with you. >> we are losing steam here as we head into the close only up 48 points, but in terms of what has worked throughout the day it's the sectors like energy and technology which led the selloff earlier this week and are leaving the market modest rebound big oil names are all on the rise led by chevron up about 1.7% and the performance of stocks in november illustrate a much more defensive posture as we've been discussion. the latest hedge fund report from goldman sachs shows the tech and consumer discretionary into sectors like healthcare is actually gaining momentum. healthcare, utilities, reits are underperforming today, done well this month in terms of the s&p 500, that paints sort of a different picture. it's names like starbucks, foot locker and travel names and norwegian cruise line which are leaving the s&p 500 for the month. >> seema, thank you. >> let's send it up down to bertha coombs for an update from the nasdaq. >> we're off the highs but still holdi

seema modi has the details. >> as more baby boomers rere, the cruise industry is expecting a strong upturn in 2019 with a record 17 ships set to debut next year. the problem is there is not enough capacity at the ports to accoodate the new ships. royal caribbean is taking matters int its own hands, launching a state of the art terminal, making it t first cruise line to build and launch a termil in port miami. >> this was a $250 million expenditure. but it is -- it will pay back fairly nicely in terms of guest erms of what, in it does for the community, and also our operating costs on a per passenger basis ends up being less. a slightsary to us is the improvement to the bottom line. >> royal broke ground on erminal a last year. the buildmployed 2,000 construction workers. port miami estimates it will have a m$500lion annual economic impact on the state of florida. >> we continue to have increases every year. so we hd a rec year of over 500illion cruise passengers come to port miami, the crust capital of the world. we expect tha to grow another 2 million. by adding facilities and ships. we h

a day after the midterm, you will see the focus quickly turns into back earnings >> seema mody.rick santelli in chicago >> so much to talk about look at the one week of two-yr and we are pushing ahead as we stretch the envelope back to 2008 of the comp of the two-year note year closes i know we had an election yesterday. that i thibrings a bit of a cycn the dollar index look at the one week of tens, be cognizant of the fact that we have a new guy on the block. we have a fresh opening. we'll have one of 30s today. there is a basis there when luyou look at the one week chart, it is taking into consideration. the 10-yr did not break out of its one week range it did something really important yesterday, before the electoral results are out. let's open the chart up to september 1st. it had 353 now, we have a double top. the treasury complex, you have to pay attention to double tops as it backed away a little bit and realize there is going to be implementations and because of new information whether it is about december or 2019 or any change the policy people will be paying definite a

let's get to seema mody. >> good morning. transports are down.mes after the major index's loss ongoing trade on ncertainty. the latest commentary in that summit deep divisions between washington and beijing that did not stop the chinese stock market from rallying to a one-month high stocks in china and emerging markets have vastly out the s&p 500. one factor is helping the emerging market is lower oil prices it led to a significant drop and shares over the past week. chevron and exxonmobil on the topic of technology the market is losing some of its tech here for facebook check out how these techs are trading relative to their analyst price target facebook is trading around 38% as we know, analysts many times got their targets wrong. on the technical side of things, watching shares of netflix getting close to its depth cross. that's when it is 50-day moving average crosses below 200. on the front, earnings on deck from target, best buy and lowe's later this week. expect retail to be a bigger part of the discussion here at the new york stock exchan

. >> stoclet's get to seema mody. >> we are seeing strengths in technology and some analysts on wallybe the time to get in the pull back in amazon shares make its valuation more compelling u.s. online spends this holiday shopping season. earnings is still a big story, deere is getting caught in the cross fire rising steel cost, agricultural prices, cutting cost and raising prices on that note, it is worth noting since the start of the earning season and mid october, earnings estimate for the fourth quarter have come down 3%. analysts are still expecting growth but slowing profit growth for the fourth quarter and for the first quarter of 2019. the economy, some new numbers there on the housing front, home refinancing request to an 18-year low. single families start which comprises the largest share of the market 1.8% of october. we have home builder and sentiment cooling as well and about 15% of all economic economy. these concerns have translated into the market. we have been home builder stocks and i-share home construction of etfs is down we are looking at the vix below 23 right ar

. >>> and european markets just closed seema mody has today's action. >> hey, guys let's look at european closing mostly lower on-going brexit uncertainty, lower oil prices those two factors are not helping today's trade. volatile session for the british pounld theresa may said that should end before the election of 2022. may is going to meet with the european commission president. if a draft can be concluded, a special european council is expected to be held as soon as sunday it is worth pointing out the broader downward decline in the pound this month is one reason the ftse 100 is fairing better than european stock 600 in the month of november. you see that the ftse houses a lot of the export driven companies, so they benefit from a weaker currency. some reprieve in italy where the italian banking index rallied following reports of france and germany could be set to layout plans for a limited joint eurozone budget. looking at ubi and others moving in today's trade they're down sharply from recent highs back this summer stock of the day, renault shares down that stock hitting the lowest

the dow down 435 let's get back to hq and seema mody for the closing in europe >> there are global concernsurther drama out of italy oil prices weighing on european stocks latest rebound on crude is putting pressure on the ftse 100 which is an energy sensitive index, down six-tenths%. even with the rebound in oil prices today, the european energy sector is the worst performing sector in the past quarter, led by losses in british petroleum. onto italy, the latest headlines suggest italian government is not planning to back down from the 2.4 deficit target ahead of the deadline for resubmission. setting up for another showdown with eu officials in brussels. theresa may is facing criticism on her brexit approach, raising concerns of a no deal plan that's resulted in a drop in the uk pound, down 1% against the u.s. dollar. spoking of currency. europe oh trading at the lowest level since june of 2017 as political head winds from italy to brexit weigh on investor sentiment. one stock in focus, british american tobacco shares falling on news that the fda is reportedly pursuing a ban on menthol cig

>> seema mody, thank you >>> there hasn't been any panic. if anything, declines seem to be orderly.e santoli is taking a look at that it's been a rolling bear market. we've seen sector after sector. >> melissa, it hasn't seemed like one of those moments where everything is down a lot just because people are fleeing the market where it seems like a sell me out of any price type response difficult to quantify these things i think we can fairly say anxiety has been rising. investors have become more concerned as the market has had this second 10% drop from this year from an all-time high but you look at the volatility indexes. they're elevated but not at the year's highs you can look at things like options data, lot more protective, downside options being bought than not. but it's not necessarily showing you the kind of capitulative pressure you normally see. yesterday you got close on some metrics. almost 90% of all volume was down you did see a little bit more intense iity to that selling an you saw some stocks that had been previously safe harbors losing a lot of ground for really o

. >> seema mody, thank you. >>> let's get to sue herera for a news update. >> good morning, morgan.ood morning, everyone here is what's happening at this hour north korea destroyed guard posts in the demilitarized zone today, comes after the two koreas agreed to destroy those near the heavily fortified border. >>> dramatic footage trying to save people from the woolsey fire the pilot struggled to find a safe place to land, and losing fuel had to work quickly to save several people and two dogs, all of whom were trapped meantime, the camp fire is still burning in northern california officials hope heavy rain this week could help quench it. then the worry is that rain would trigger mud slides >>> a new report finds the best time to buy a home is the day after christmas. analysis shows buyers that closed december 26th got the biggest discount below full market value. >>> speaking of christmas, it is beginning to look and sound like christmas, especially in new york city. saks fifth avenue unveiled the holiday windows. ten story highlight show and first ever digital display followed the

since leaving the company here on cnbc >>> meantime, european markets are closing in a few moments seema mody us with today's action >> hey, morgan fresh comments on trade are sending european stocks lower. france, italy and spain down the euro falling to a session low against the dollar on reports that president trump could impose tariffs on eu auto imports as early as next week. trading at 1.12 against the u.s. dollar stocks on the move, european auto sector finishing the day off about 3%, 2.5% big german automakers, volkswagon, bmw, daimler all trading down on prospect of further auto tariffs, down 1 to 3% the brexit dispute hasn't gone away british pound is under pressure today, uk prime minister theresa may calls on business leaders to help sell the brexit deal to the british public the pound trading at 1.27. this comes as president trump called the prime minister's brexit deal, quote, a great deal for britain, but did warn that pact could threaten a trade deal between the united states and the uk remember, parliament is slated to vote on the plan december 11. tomorrow, bank of england s

. >> seema mody from our crypto desk. >>> he's known as the oracle of bitcoin, let's bring in civics a shark on shark tank south africa, vinny lingham. >> thank you, great to be here. >> where do you think bitcoin goes from here. >> i think it stays in the range for a while. i don't think we break through the support level of 3,000 just yet. i think there's a lot of buying in the short term around that mark but if we don't get out of the crypto bear market cycle in the next three to six months that 3,000 level could go. >> so vinny i've been tangentially immersed in the sort of bitcoin/twitter universe and it's a rabid bunch are you considered a bear? are you considered an enemy of the crypto community for saying boy bitcoin could be range bound >> i have a checkered past because i was going involved in crypto and bitcoin in 2013 and i've always been for for a long part i was a bull and last year i wrote a blog post warning of the risks of another bubble to crypto and to bitcoin in particular as we just exited one from 2014 and i a've always been consistent about fundamentals need to

speakers have mentioned global growth concerns so where exactly in the world are we seeing a slowdown seema mody that story for us. >> as we await jerome powell to speak, it's worth noting that global growth estimates have already come down a significant amounti amount the global economy is expected to grow at 3.7% this year and next year, down 0.2 percentage points growth in the u.s. is expected to slow to 2.5% next year and in china growth will likely fall from 6.6% to 6.2%. emerging markets are expected to slow down significantly. the imf downward revisions were notable in argentina, brazil, mexico, iran as well as turkey don't forget about europe where growth is expected to cool down as well due in part to political dynamics at play the imf anticipating 2.8% in 2018 down to 2.3% in 2019. this as the uk government unveiled a sobering assessment of prime minister theresa may's brexit deal today, projecting the agreement would shave nearly four percentage points off uk gdp over the next 15 years. take a look at european stocks ending mixed today global markets clearly awaiting jerome powell in

jinping are expected to meet to discuss all things trade how can you trade that high stakes sitdown seema modye on the trade on trade >> exactly this g20 meeting is being closely watched by investors the meeting between president trump and chinese president xi will command investor attention. expectations have been brought down by comments from president trump and larry kudlow, but everbright security sees those comments as posturing and expects a deal to be carved out by the two leaders the shanghai has dramatically underperformed the s&p 500 in 2018, down about 20% since trade tensions escalated in the second quarter. they say an agreement could push stocks up there 4% to 5% hsbc says it is difficult to see a deal being struck that would put all traden it shuns to rest. a postponement could at least provide more time for negotiation, though experts there do not expect clarity to emerge for many more months. bleakly advisory group says any thought that that 25% tariff will be imposed on january will likely put a lid on u.s. stocks as well. >> you know great deals tend to be made over dinner,

seema mody joins us now. >> it's important to note that the stock rally we're seeing today started overseasn asia and europe bouncing backs, halting a slide that sent tech stocks to its lowest level in nearly two years the broader european stock 600 index still down about 1% on the week sectorswise, energy is a big part of the story today. crude prices of course helping that stabilization royal dutch shell, you're looking at total, bp, all moving to the upside in today's trade by a good amounting, 1% or 2%. financials also near the top performers, up nearly 2% amid support from the european banks. they are all jumping on reports that the deputy prime minister could be open to compromises on the country's budget this comes after they rejected italy's draft budgetary plans. oecd came out with their new outlook growth forecast and brought italy's growth estimate down to 1% for this year, 0.9% next year due to a weaker jobs ratio. >>> this is the first global automaker to obtain a license in china and the timing is notable. this comes amid fears of a broader slowdown, pull back from the chinese

the end of daylight savings time in the u.s., european markets are set to close at 11:30 we get seema modyk with today's action >> we are back look at the european stocks, under renewed pressure on monday, closing mixed. they had the best week since december of 2016, jumping 3.5% you can see today a different story, technology among the worst performing groups overall. down more than 1% in today's trade. italian banks are again under pressure, despite positive results and the latest stress test conducted by european banking authority, some of the big names down in today's trade. and switching to turkey, new data shows the inflation rate jumped more than 25% last month. the highest level in more than a decade what's interesting is the lira is gaining ground against the u.s. dollar on expectation that the turkish central bank will respond again by raising rates >>> finally, the trump administration new sanctions on iran, snapping back into place today. three major european importers of iranian oil are spared from immediate penalties, italy, greece, turkey a lot of analysts say it gives oil b

. >>> european markets just closed let's get to seema mody for today's action. >> john, european marketsg to gain ground as investors await outcome of the u.s. elections later this evening. in terms of sectors, basic resources among the worst performing groups amid a sharp drop in oil prices in the last hour, down more than 1%. the midterms are adding to a list of political risk factors faced by european investors, chief among them, concerns around italy's budget. one of the top officials is saying that the eu could impose sanctions against italy as a last resort if the country's budget plan does not change. meantime, the italian bond deals continue to rise again, now 3.4% highest level since march of 2014 another concern for investors, earnings growth. according to analysts, 187 european companies in the stock 600 reported of those, 48.7% reported results that exceed analyst expectations, not as strong as the historical average of 50%. that's given some investors pause. finally, in the russian economy, the oil giant rosneft jumping after seeing profits jump 250%, thanks in large part du

last quarter did see a big jump in chinese sales tyler, back to you. >> seema mody. two of the most important members of the fed speaking this week, vice chair richard clarita weighing in today on where rates are or where they should be, but the big one is tomorrow, fed chair powell will speak about the economy, might acknowledge a bit of a slow down who knows. there is only one word that the markets want to hear from him right now and that would be -- well, look at that >> look at him >> is that a red pause -- is that a pause button? >> will investors get the pause? steve liesman taking a closer look >> did we make your relationship with the fed easier or harder with that? >> it's not important, it's whether or not it's good television. >> yeah. here is the question, will powell push the pause button markets are hoping he does in that speech before the economic club of new york tomorrow. i'm saying they could be disappointed maybe get there, not quite all the way. first of all, the speech is billed as, quote, the fed's framework for monitoring financial stability. s

if you're wondering where seema mody is, tune in for her interview later this afternoon glenn fogel willoin her at 3:00 p.m. eastern. a lot more "squawk alley" still ahead. re to help me make smart choices? well, with your finances that is. we had nothing to do with that tie. voya. helping you to and through retirement. >>> volatility is back again this morning the dow has swung almost 300 points but oil still very much the story. crude rising this morning but coming off its worst day in three years and a 12-day losing streak let's bring in ed morris, citi's global head of commodities research ed, good morning. >> good morning. >> so lay out for us how investors should be thinking about this relationship between oil and equities lower oil prices, higher dollar. earlier today a guest was saying that's a great setup for the fed to continue in a gradual way how should we look at it >> i think it's confusing because there's so many things going on i think the major factor in this sell-off has been psychological. it's a bear sentiment that set in the market had been overextended it was very l

travel names, book, marriott and avis all on the move after reporting earnings seema mody has the latestwhat wall street had to say about those results. hi, seema. >> reporter: hey, scott. all right. let's start with booking holdings that stock is up about 6% here in after hours mark maheney is on board and this quarter's results have results that indicate a reacceleration in bookings this year now a different story from marriott shares are dropping after hours as the hotel operators are revenue per available room is growing well below expectations due to weakness in north america, and it does come after its rival hilton a week ago reported a slowdown in the u.s. market citing higher input costs and interest rates behind the decline in deal flow ahead of marriott's report, tighter markets were announced as a headwind for marriott that stock down 5% lastly, a disappointing report from avis, budget car and that stock also down a similar amount by 6%. scott, sending it back to you. >> appreciate it thanks very much let's trade it on the desk who wants it >> marriott, sorry >> go ahead, guy.

bitcoin down more than 30% abthe currency fell to 4,200 the lowest level in a year seema modi with mores right bit skouncoin down today, dropping 65% this year. and more than 75% from the all-time high last year. now, the move south accelerated after a contentious zpout over bitcoin cash's hard fork rk sparking investor concerns adding to a whil wind of the regulatory worries against multiple currency digital platforms. they say the broader selloff and shift away from speculative plays to higher quality assets process is driving the pull-upping. the broader crypto space has crumbled with it many the bitcoin peers fallen in tan fem ethereum and rip willing down it's taken a chunk out of the market cap from the digital currencies from january high according to coin market cap last year bitcoin gained 70% between thifgt and the end of december. meantime, the bitcoin bee tom lee slashed his price target so 15,000 from $25,000. as for technicals some analysts say we could see minor support around 3,500 with the next major level being 3,000. melissa. back to you. >> the seema, thank you. by t

seema modi from the stock exchange at new york. >> brian kelly. >> that's me. >> i said this to vinnie link on civic. the by the waycoin area spheres. tell us how you traded through the decline. >> through the decline we have had more cash in the fund than at any other time. almost 70% cash at this point in time that being said we are getting to a point where it feels more comfortable to get into this you know, i am a believer in this asset class i am a believer over the five, 10, 20-year period that this is a new asset class. but you know, in is subject to massive booms and busts, more than any other asset class out there. so it's important -- i can't stress this enough -- it's important to size this in your portfolio correctly and appropriately. 1 to 5% to me sounds like the right number then you can ride out the bear markets which we have had several of. >> 70% right now of the the portfolio is in cash and not cryptocurrency. >> that can change rapidly i'm looking for a point to get eye. >> in terms of bitcoin they were talking about the bitcoin etf which sounds like it's not coming

seema modi at headquarters with the wahl reaction. >> thanks to a double digit rise in revenue and growthn bilk. shares of box up 5% in extended trade. but it has been a tough year for the cloud storage firm shares down 30% in the past three months analysts at d.a. davidson say sentiment was mixed heading into the print the slang why the stock is up in the after market. the important thing for the stock to work is to see evidence that underlying growth can accelerate wells fargo says box's business is susceptible to adverse changes and global macrotrends and joon-pyo morgan wrote that longer term concerns of box's ability to compete in a highly fragmented market and against companies like microsoft and google with the stronger brand recognition have not gone away >> seema at headquarters who likes the cloud stocks. >> well box -- quickly box is interesting. they had over 40% growth in teals more than 100,000. that was good. add on products over 80% growth. we will talk about valuation and that's ridiculous. every upside move since the ins exception has been sold. but salesforce petes some

let's get to seema mody. >> european markets rallying as the midterm elections here in the united statesealed few surprises for european investors. a few warning signs on the economic side of things. eurozone retail sales coming in flat in september. very surprising coming ahead of the holiday shopping season. despite that weak data, we're also looking at shares of mulberry jumping more than 4%. the british luxury goods retailer said business had been hit by declining revenues in the uk that market accounts for 70% of its total sales. the european auto sector under renewed pressure after bmw reported a sharp drop in profits and saw its margins cut in half. analysts say that's due to increased spending on electric cars and costs from new emission rules weighing heavily on profits. that stock is down more than 3.5% this comes in the wake of several profit warnings from other eu automakers, including daimler and suppliers such as michelin and continental so clearly a story that we continue to watch. on the more positive side of things, for turkey, perhaps signs of rehabilitation in turkey l

i think seema mody may have told me >> i saw seema last night, she's doing great stuff. >> there is aible collapse a lot of the inner products. >> so i think apple. today is the day we finish. apple is the leader of the market you see tech is doing better gridlock favors tech but we have to get -- if we get a fed that just says you know what, we have seen some things let's wait and see you will see a rally to end all rally. i want to make people to understand on twitter is the same if they do three fed rate hikes. then you would get that. >> it will be the end of all rally. then you say that's the end. it is the end of all rally >> we'll never see a rally >> i have long-term view i am thinking about december what >> jim, has caterpillar tries to reclaim 130. >> i know. >> there are bullish activities of etfs suggesting that we may get something. >> and boeing talked about it in singapore. >> i think the chinese needs boeing more than boeing needs them the most encouraging thing i have found in this quarter of china was the estee lauder quarter where they saw an uptake in chinese buyin

royal caribbean down 2% today and 11% for the year the company is making a big bet on miami our seema modyth more. >> steve, that's right as more baby boomers retire, the cruise industry is expected to take off a record 17 new ships slated to debut and next year. the problem is there isn't enough capacity at the ports royal caribbean taking matters into its own hands, launching its own terminal the first cruise line to build and operate its own terminal in port miami expects bookings to raise from 750,000 to $1.8 million over the course of the next year but a critical component of this success is international passengers that's why richard fain is watching trade politics very closely. >> i'm a free traded a vat and anything that creates tension. >> another stellar employment report wages wage on s on the rise factory orders are up, too but none of that matters today investors are worried about the uncertainty of the trade war between the u.s. and china president trump making comments moments ago that move the markets. how traders are positioning themselves straight ahead. >>> now the lates

seema modi is on the floor. >> its one of those days where there are a number of factors behind the selloff, elevated trade and technology under notable pressure led by apple and ongoing leadership concerns at facebook. take a look at the biggest percentage losers on the dow with today's losses. apple now in bear market territory ending a bull run that dates back to may of 2016 and its the apple ecosystem that seems to be falling apart. the broader tech sector, chip suppliers, is due to the big drop we're seeing in bitcoin back below $5,000. taking a step back, traders say these moves suggest that we're seeing this broader rotation out of risk on high beta sectors. the stocks that are faring well today are those defensive dividend yielding names, j & j, verizon, coca-cola and mcdonald's. look at the itfs. this momentum unwind is certainly gathering pace. melissa, back to you. >> thank you. >>> tech a major drag on the nasdaq at this hour. beurre that cumus is tracking the big managers there. >> its hard to find any safety at the nasdaq. that is being led by the big tech sector. chip makers

let's get to seema mody. >> one day does not make the trend.nd industrial is down about 200 points. blame apple for the weakness shares of apple is down nearly 2% that iphones and laptops could be hit with tariffs. over night, stocks in asia were lower and europe is lower as well for the month of november, it is notable that stock market outside the u.s. have done fairly well in the face of tariffs andthe rate hikes and emerging market is up 3% though the shanghai composite is off by 1% ahead of the g-20 meeting on friday. moving along right now is united technology of the company splitting into three marriott did get added to goldman sachs and take a look at tiffany moving lower ahead of its earnings report. investors want to know how tiffa tiffany/china business is holding up and how it is performing in luxury space like prada. lastly, the fed, very much in focus, he would be receptive of a faster rate hike if the data came in stronger we are looking at gold trading down, the dollar is maintaining its strong note. bitcoin is seeing a bit of g

now let's go to seema mody >> a trade, though names like killray and chron os and cap my can get growthhey have four different level of legal status. tilray says michigan is considering recreational marijuana legalization investors will be watching the fa fate of attorney general jeff sessions after the mid-terms who has been a vocal opponent of legalization. >>> let's go to sue herrera for your cnbc headlines. >> thank you very much here's what's happening at this hour firefighters in the prince city of marseilles says they have found a second body in the collapsed building ruins yesterday. 100 officers and 80 firefighters searched through the night searching for survivors. officials say 70 people still remain missing. >>> the remains of a national guard soldier and utah mayor killed in afghanistan over the weekend arrived in the united states overnight a dignified transfer of 39-year-old brent taylor's remains took place at dover av in delaware. they are expected to return to utah later on this week. >>> a new study out of har vashd suggests eating nuts every day can help keep off tha

let's get out to seema mody. how is oil shaping up?> president trump's tweet saying lower prices should be lower pushed wti crude lower a different picture when wti and brent crude rose 2% on hopes of a potential oil production cut by opec after saudi arabia signaled its concerns over an excess of supply in the market if the global economic slowdown takes hold traders say it's not just trump's tweet. there's a broader market downtoudow downtoudow downturn and a rise in the u.s. dollar back to you. >>> there are more than 20 million veterans in the united states and drexel hamilton is one organization making sure they have somewhere to work after their service. more than half of the workforce is former military joining us to discuss the importance of honoring our veterans is co-president of drexel hamilton. thank you. >> thank you for having me >> thank you for your service. tell us about your company not only are half of your employees veterans, your company is veteran owned >> 100% veteran owned. we're proud of that. it's something wa

seema mody has the details. >> shares of sox up 2% on what was a beat on the bottom line, a loss of 6%loss of seven cents and revenue coming in at $155.9 million, slightly higher than an estimate of 154.6 million. slowdown in billing has been a bigg concern in wall street but billings in line the stock is higher and higher on the week by 7%, but for the year it is down amid the larger tech rollover that we've seen. two big concerns for analysts had been competition specifically from microsoft and google back to you guys. >> seema, thanks so much important for them to seat deferred revenues in line as well mike, another sort of long-term central artery jim growth story in tech doing quite well. >> it is it's still on the smaller side we should remind people that it's still an emerging company in a sense and doing a little bit of a transition, so, is you know, well received, but i wouldn't say it's necessarily in itself a bellwether of the set. >> let's talk about some other software companies tech was a big winner in today's trade. the sector had its best day since late march software n

has been booking holdings, parent company of priceline the stock is up 5% over the last month and seema modyeo glenn fogel. >> pleasure to sit down with you today. >> thanks for having me. >> i want to take you back one year ago when you announced you'd be putting more money towards brand advertising to better target your customer. at that point wall street reacted negatively to that news, but your latest earnings report suggests that that initiative is starting to pay off in terms of profit growth. >> well, i wouldn't draw too much into any one specific data point and certainly people did react perhaps negatively to many different things a year ago and certainly people are happier today but the advertising thing, that's a long term play. we'll continue to do it, and part of the thing is we have to make sure we can measure it well always been really big in performance marketing and we're new in the marketing and it will take years before we have as much expertise as we have right now in performance marketing. >> as you look to gross bookings, you're looking at uber's chinese rival and the so