Impact the broader crypto market. From trump, to owe walmart, to zuckerberg. No one is safe from doctored videos that are so good that you cant tell they are fake. One company says it can. First to our stop story. Big Tech Companies were back in washington monday, but not to discuss crypto currency or antitrust, trumps top advisor and treasury secretary called a meeting to talk about the impact of the trade war with china. One stood out. The administrations fight against that and whether the ban should stan. Representatives from microsoft, intel, qualcomm and more. To discuss in d. C. , we have jenny. What is the latest we know about this meeting . Who was there and what was discussed . What we know is that the meeting was called basically to hear a view from the business perspective of this whole debate. Do hear a lot about the fight from the hawks in the administration and on the hill who are in favor of a total decoupling of supply chains. This is the companies opportunity to make t
S p up by a point. Nasdaq down by about 4 points. Overnight in asia, the nikkei up 0. 2 the hang seng up by a quarter percent. The shanghai up by a half percent. This is all ahead of those talks expected to resume next week between china and the United States when it comes to trade. This morning on the continent, in europe we will see equities for the major averages, the dax is flat. The cac is up by 0. 6 . The ftse is up by a quarter percent. In the treasury market, you can see at this point the tenyear is yielding 2. 031 well be getting a lot of earnings, big earnings movers in just a minute. First a developing story, the embattled governor of puerto rico will be stepping down on august 2nd the announcement coming late yesterday. He had been under pressure from protester force ne he had been under pressure from protester force ne for proteste nearly two weeks after chat messages were released crowds of demonstrators erupted into cheers after that announcement were looking at some ima
Mario draghi made it clear the European Central bank has one way to go and that is lower when it comes to rates. Earnings reports continue to roll out fast and furious. We have been successful with pricing. The revenue pressure is not sustaining in the industry. It is the teflon company. From Central Banks to brexit, the weeks top interviews. There is a certain small probability this could be dangerous. What is happening to the u. K. Economy is not entirely driven by brexit. Juliette it is all straight ahead on bloomberg best. Hello and welcome. Im juliette saly. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. On monday, optimism grows on signals the u. S. And china might be preparing to restart trade talks. Facetoface negotiations between top chinese and u. S. Trade negotiators could be restarting soon after a number of goodwill g
Talks on again, but the path to a deal remains elusive. Joe officials have been cautioning not to expect a whole lot. Juliette police and protesters clash again in hong kong. U. S. Authorities plan an antitrust as growth in the eurozone shows signs of further shrinking, the ecb makes a key decision on stimulus. Mario draghi made it clear the European Central bank has one way to go, and that is lower when it comes to rates. Juliette earnings reports continue to roll out fast and furious. Frank we have been successful with pricing. Sergio the revenue pressure is not sustaining in the industry. It is the teflon company. From Central Banks to brexit, the weeks top interviews. There is a certain small probability this could be dangerous. What is happening to the u. K. Economy is not entirely driven by brexit. Juliette it is all straight ahead on bloomberg best. Hello and welcome. Im juliette saly. This is bloomberg best, your weekly review of the most important Business News, analysis, and
Thirdquarter Profit Guidance also a miss. Up in smoke. Jules defense of its marketing policy goes proof. The company is grilled by lawmakers in washington who say more teens are getting hooked. First to our top story, a tale of two earnings as amazon and alphabet report secondquarter results. Shares of the Parent Company jumping while amazon is heading in a different direction. Alphabet reported revenue that beat the highest estimates, calling concerns of slowing growth at the heart of the largest digital ad company. Grew by the cloud unit 37 , but not enough to top estimates. Discuss to you cover alphabet and amazon, so what is happening here . Bad q1,bet was such a that it was easy to step back from the disaster they had. They put a great number up. 25 billion. L this is one of the cheapest largecap tech names we cover. It was the worst sentiment going cover. Ny techmeme we it is definitely the least givenarent company, so the q1 blitz, this is a rebound. I am not sure investors will