Biggest monthly decline in a decade. Weve got the latest from a country already reeling. Absolutely. Better than the real thing . Alibabas jack ma says sometimes counterfeit goods are better than the originals. He outlined his plan for the chinese ecommerce giant. He said theyre basically the same goods made in the same factory. Well, the flip side of that, Signet Jeweler is under fire for diamond swapping. There was a bearish note on the stocks a couple of weeks ago. I think its a great deal of smoke. Some say, its old news and the company has intimated its not going to. So was formaldehyde at Lumber Liquidators until it was new news. Now the ceo is fighting back. In the meantime lets talk about the bridge it fears. Bob pisani measuring the brexit fear. Its brt breathtaking. Yeah, it is. Its a problem on both sides. Sort of a triple roymwhammy. Let me put up the bund here. Its been breathtaking. Remember, the bund yields were 2 going back to the early part of 2014. So its 2 . Thats pu
China is stepping up support for its economy by wrapping up spending and considering new measures for back lending. Beijing will make more money available to local governments and minimal amounts banks must set aside to cover bad loans may be reduced. Lets take a look at the market. Hong kong and china are closed for lunch. But they fell in the morning session. After two days of gains, the japanese stocks as well as singapore are all down. I will be back in half an hour. Emily this is bloomberg west. Last years Growth Stocks are this years biggest losers. A dramatic revaluation. Groupon shares get a huge boost on news that alibaba has taken a big stake. Major investors weeding out largecap technology out of their portfolios. The major revaluation of Technology Stocks underway in 2016. We will focus on three companies in particular, netflix amazon and activision blizzard. There was a time when the only thing they had in common was the description as Growth Stocks. Today the businesses b
Appropriate. Former United Nations secretarygeneral interest which pope francis is in mexico where he delivered a massive stadium rally on behalf of fighting the drug trafficking. That is bloomberg news. Emily this is bloomberg west. Last years worth stocks are this years biggest losers. A dramatic revaluation. Groupon shares get a huge boost on news that alibaba has taken a big steak. Ake. Major investors meeting out largecap technology out of their portfolios. The major revaluation of Technology Stocks underway in 2016. We will focus on three companies in particular, netflix amazon and activision blizzard. When the onlyme thing they had in common was the description as growth stocks. Businesses bleed together. They all can pediatrician content for us streaming video. Into 2016. From 2015 all the stocks have been slammed in 2016. More than 20 declines. What do we read into this . David, should we be thinking of this as a sector wide story . I just came from giving a speech. One of the
Nasdaq, it has been a commodity that rally and that is still the case but outside of commodity related stocks we are not seeing the gains he saw earlier in the session. Up considerably, 1. 9 , off their highs of the session, up 2. 25 at one point, industrials and financials up but everything falling back from where it was earlier in the session. More red on the wheel, health care and Consumer Discretionary stocks are down. Oil is coming down off its highs of the day though still up considerably, 6 off a little bit from the highs this session. That is contributing to some extent to becoming off of the highs for overall in stocks. Likely not the whole story. The yen getting relief off the huge rally. Julie a little relief that changing. Point , the yen came came down to unchanged and now it is very little changed, the fiveday rally we had seen in the yen the bounceback is dissipating to some extent for the u. S. Dollar. Gold prices, it has been having a big week. It is positive on the da
Anymore . You build more inclusive welcoming communities. Can people in the next generation learn and experience 100 times more things than we can . Reporter and zuckerberg has filed papers with the second indicating he will sell off 1 billion worth of stock every year. Philanthropy experts say this is pressuring the rest of Silicon Valley to do more good. Its a signal i think to many who are, um, perhaps, you know, have significant wealth want to make a difference that you can do it in your lifetime. You can do it while youre still working. Reporter and zuckerberg will stay the ceo of facebook and retain majority voting status with the company. Live at facebook headquarters in menlo park. Kiet do, kpix 5. A chaotic pursuit ends with an arrest at a san jose toys r us. This is the stolen suv San Jose Police were chasing. Its riddled with bullet holes. Police say they opened fire when the driver rammed a patrol car. He kept going, but only made it about a block stopping at the Almaden Sq