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SoftBank and Uber; Carmakers under pressure; GM income



The Japanese company said Wednesday that operating profit increased by 60% in the quarter 2018 to $ 438 billion ($ 4 billion), thanks to gains in the value of its tech fund.

The Saudi backed SoftBank ( SFTBF ) Vision Fund has pumped more than $ 45 billion into technology companies around the world and still has over $ 50 billion in spending.
The investments in Uber and WeWork accounted for a large part of SoftBank's revenue growth. But the company lost money on Nvidia ( NVDA ) whose shares went down towards the end of 2018.

The company said that Vision Founded has relieved its entire stake in Nvidia since its inception of the year. The SoftBank share closed 0.6% higher in Tokyo before the earnings release.

2. Car manufacturers report: Revenue from Toyota and Daimler adds concerns over the strength of the global automotive industry.

Toyota downgraded its full-year funded forecast on Wednesday. The Prius producer said that sales in North America declined in the last three months last year.

Stocks Toyota ( TM ) fell as much as 1
.5% in Tokyo before recovering any basis for closing 0.7%.

In a profit and loss account, Daimler said on Wednesday that operating profit for the fourth quarter fell 22% compared to the previous year. The German car manufacturer also cuts dividends.

The company said that the result in 2018 did not reflect the strong demand for its vehicles.

"2018 was a year of strong headwinds – with the ongoing diesel debate, the transition to the new test method [emissions] method and global trade conflict," said President Daimler Dieter Zetsche in a statement.

Daimler ( DDAIF ) shares were down nearly 2% in Frankfurt after the announcement.

3. More automatic earnings : General Motors is up next time, it reports revenue before the opening clock

It will be the company's first quarterly report since it announced plans to cut 8,000 profitable employees and close five factories in North America. Analysts assume lower earnings for the quarter and year.

GM ( GM ) will trim costs and free up funds so that it can invest in electric and self-propelled cars, Investors will be looking for more details about their plans when the results are released. 9659020] See CNNMoney & # 39; s Markets Now & # 39; at 12:45. ET
4. Global Market Review: US stock futures pointed down.
The European markets opened mainly lower, while the shares in Asia were mixed. Markets in mainland China, Hong Kong and South Korea were closed for holidays.
Dow Jones industrial average stopped 0.7% on Tuesday. S & P 500 closed 0.5% higher and Nasdaq gained 0.7%.
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5. Income and Economics: 21st Century Fox ( FOXA ) Boston Scientific ( BSX ) Eli Lilly LLY ) Humana ( HUM ) New York Times (] ] Spotify ( SPOT ) and ] earnings before opening
Chipotle Mexican Grill ( CMG ) [19659028] GoPro ( GPRO ) iRobot IRBT ) Match Group ( MTCH ) [19659000] Reilly Auto ( ORLY ] and Valvoline ( VVV ) will follow the tour. The commission is expected to announce the results of the probe in the proposal merger of Siemens ( SMAWF ) and Alstom ( AOMFF ) at 5:45 ET.
Stocks in BNP Paribas ( BNPQF ) fell 1.9% in Paris after the bank lowered its views.

The US Energy Information Administration will publish a report on the crude oil inventory at. 10.30 ET. US raw futures dropped 0.9% to trading $ 53.20 per barrel.

6. Coming This Week:
Wednesday – GM ( GM ) Chipotle ( CMG )

Humana ( HUM ) Eli Lilly (] LLY ) The New York Times and Spotify ( SPOT ) report revenue; Cayman Alternative Investment Summit Begins
Thursday – Twitter ( TWTR ) Yum! ] Kellogg ( K ) Philip Morris International ( ) ]

) and Dunkin Brands [19659000] [19659000]) ) ] ] PSX ) report earnings

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