Ted Cruz Inadvertently Creates Very Effective Bernie Sanders Campaign Ad
Sen. Ted Cruz (R-Texas) is turning out to be a very effective campaigner ― for Sen. Bernie Sanders (I-Vt.), that is.
The Texas Republican may have inadvertently made the case for a Sanders presidency on the latest episode of his podcast, “Verdict with Ted Cruz.”
It happened when the senator attempted to claim without evidence that if Sanders were elected, conservative podcasts such as his own would be censored.
“As bad as [Big Tech is] now, in a Democratic administration, in a Bernie Sanders administration, they would — I am not exaggerating when I say this podcast could very well be off the air,” Cruz said.
Turns out, that could be a selling point based on the cheeky reactions of Twitter users.
Of course, some “killjoys” had to point out just how ludicrous Cruz’s claim was.
NCR Q4 Results Beats Wall Street
NCR Corp. (NCR) Tuesday reported fourth-quarter net income of $349 million or $2.67 per share, compared with last year’s loss of $47 million or $0.39 per share.
Adjusted earnings for the quarter were $0.85 per share, up from $0.84 per share last year. On average, 9 analysts polled by Thomson Reuters estimated earnings of $0.84 per share for the quarter. Analysts’ estimates typically exclude one-time items.
Fourth-quarter revenues grew 5% to $1.89 billion from $1.80 billion last year. Analysts had a consensus revenue estimate of $1.75 billion for the quarter.
“Our fourth quarter results marked a strong finish to the year for NCR where we consistently delivered our revenue and earnings commitments,” said CEO Michael Hayford. “This past year we strengthened our recurring revenue capabilities through our strategic growth platforms, began integrating our payments processing solution and generated year-over-year sales growth in each of our segments.”
Looking forward to full year 2020, the company expects revenues growth of about 0% to 1% and adjusted earnings of $2.75 per share. Analysts currently estimate earnings of $3.07 per share and revenue growth of 0.90%.
NCR closed Tuesday’s trading at $33.75, down $0.49 or 1.43%, on the NYSE. The stock further dropped $1.25 or 3.70% in the after-hours trade.
USDA cuts US soybean stocks view on stronger exports to China
Minnesota soybean farmer on attending signing of US-China trade agreement
Farmer Theresia Gillie on why the trade deal is so important.
CHICAGO, Feb 11 (Reuters) – U.S. soybean supplies will be smaller than previously expected due to rising export demand from China, the government said on Tuesday.
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FARMERS WORRY FLORIDA BILL WILL WORSEN LABOR SCARCITY WOES
In its monthly supply and demand report, the U.S. Agriculture Department (USDA) pegged domestic 2019/20 soybean ending stocks at 425 million bushels, down from its January forecast for 475 million bushels. It left its corn ending stocks view unchanged at 1.892 billion bushels.
Analysts had been expecting soybean ending stocks of 443 million bushels and corn ending stocks of 1.864 billion bushels, based on the average of estimates in a Reuters poll. (Reporting by Mark Weinraub Editing by Chizu Nomiyama)
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Assurant Inc Q4 adjusted earnings Miss Estimates
Assurant Inc (AIZ) reported a profit for its fourth quarter that advanced from last year.
The company’s profit came in at $122.9 million, or $1.98 per share. This compares with $20.3 million, or $0.32 per share, in last year’s fourth quarter.
Excluding items, Assurant Inc reported adjusted earnings of $139.9 million or $2.25 per share for the period.
Analysts had expected the company to earn $2.39 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 12.5% to $2.61 billion from $2.32 billion last year.
Assurant Inc earnings at a glance:
-Earnings (Q4): $139.9 Mln. vs. $48.9 Mln. last year.
-EPS (Q4): $2.25 vs. $0.77 last year.
-Analysts Estimate: $2.39
-Revenue (Q4): $2.61 Bln vs. $2.32 Bln last year.
Akamai stock rises after earnings beat
Akamai Technologies Inc. AKAM, +0.64% shares rose in the extended session Tuesday after the cloud and business services company topped Wall Street estimates. Akamai shares rose 3.2% after hours, following a 0.6% rise in the regular session to close at $96.37. The company reported fourth-quarter net income of $119.1 million, or 73 cents a share, compared with $94 million, or 57 cents a share, in the year-ago period. Adjusted earnings were $1.23 a share. Revenue rose to $772.1 million from $713.4 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $1.13 a share on revenue of $749.3 million.
Three-Year Note Auction Attracts Above Average Demand
Kicking off this week’s announcements of the results of its long-term securities auctions, the Treasury Department revealed Tuesday that its auction of $38 billion worth of three-year notes attracted above average demand.
The three-year note auction drew a high yield of 1.394 percent and a bid-to-cover ratio of 2.56.
The Treasury also sold $38 billion worth of three-year notes last month, drawing a high yield of 1.567 percent and a bid-to-cover ratio of 2.45.
The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.
The ten previous three-year note auctions had an average bid-to-cover ratio of 2.48.
Looking ahead, the Treasury is due to announce the results of its auction of $27 billion worth of ten-year notes on Wednesday and the results of its auction of $19 billion worth of thirty-year bonds on Thursday.