A showdown between the warriors and the cavaliers. The warriors won the series last year and are defending their title. Global news 24 hours a day, powered by our 2400 journalists in more than 150 news bureaus around the world. From the Bloomberg News room, i am mark crumpton. Bloomberg west is next. Cory im cory johnson, in for emily chang. Right sharing startups are duking it out globally. Uber announced a 3. 5 billion injection from the Saudi Sovereign Wealth Fund. We will catch up with lyfts chief business officer. Hest moneys tells us why betting big on tech renewables. Fox takes a beating, shares down the most in four months despite a strong sales number last quarter. What happened . The company ceo joins us to discuss. Billion of new money has been invested in the right sharing industry since the start of 2016. This week we learned the Saudi Sovereign Wealth Fund is writing 3. 5 billion,or and there is more to come. Ubers biggest rival in china says it is closer to making an eve
Second amendment people to unify and not inciting gun owners. Is on trial,ident accused of breaking the budget law. Met withpresident Vladimir Putin in st. Petersburg , nine months after russia imposed sanctions on turkey for shooting down a russian fighter plane. He hopes turkey will restore Constitutional Order in the wake of the failed coup attempt. Theresa may faces a long list of daunting demands from the 27 when the eu members time comes to negotiate britains eu relationship. Bloomberg west is next. Emily i am emily chang and this is bloomberg west. The lay of the land over at disney. The medias german joins the road ahead. Clouds may be clearing oversold her city and elon musk surprises at the other end of the Earnings Call. How we explained teslas acquisition of his cousin solar company. Yelps Second Quarter comes highly recommended. We will watch their dust walk through the latest Earnings Report card. Elon musk joining the solar city Earnings Call as tesla prepares to buy up
Shell Companies Moving money to farflung places. Julie hyman have the latest Economic Data. Accelerating for the first time in five months, coming in at 54 and a half. 54. 3 was the prior reading. Predictingave been 54. 2. This Services Industry accounts for about 90 of the u. S. Economy. Were talking about a very important figure here. Economists say were looking at moderate expansion. But the s p and the nasdaq down six cents of 1 . Followed by about a quarter of 1 . Perhaps overwhelming this Economic Data is the general global concern that appears to be manifesting itself this morning. Were definitely seeing a risk off environment. That is perhaps most evident in the japanese yen. We are seeing a rally in the yen, the dollar falling over the past recessions three sessions. The dollar is at the highs it has been in a yearandahalf. Versus all ofing its trading partners. Change in todays major currencies versus the japanese yen, basically read on the screen. All of these are fallen ver
In of the mines exploded 2010. The blast killed 29 people. Blankenship was convicted of conspiracy. Turnout for tuesdays primary in the wisconsin president ial primary exceeded expectations. Unofficially, turnout was nearly 47. 4 . At that easily topped the 40 percent protected by a election officials. Voters came out in the biggest numbers since at least 1972. The World Health Organization says diabetes is on the rise, excessive weight, obesity, aging, and population growth seeing a fourfold increase in worldwide cases over the last quartercentury. Global news powered by our 2400 journalists around the world. Emily this is bloomberg west. What is so valuable about youth content and what is verizons broader plan . We will bring you the details. What will the world of App Analytics hold . Over 40 tangled web of overseas subsidiaries. Just bring you up today on a developing story. Jamie dimon out with his annual letter to shareholders saying the potential outcomes are large and potential
We need to get a snapshot of todays action with julie hyman. Julie we havent had big pullbacks recently. There has not been that Much Movement either way in u. S. Averages. The fact that we are seeing a pullback that is good getting there are these concerns about growth. The strategist over at Goldman Sachs says today that the recovery we have seen in the United States in the stock market is likely to falter before gets a second wind. There arere was two big issues. A slowdown in the buyback activity. He thinks the other reason is going to be the drop in profits for the s p 500. Take a look at the bloomberg. We are seeing the s p 500 strategists are still pessimistic. The median forecast is 2150. And im going to send it back to you. Belowthe dollar falling ¥110 for the First Time Since october of 2014. That means the yen is at its strongest level in a year and a half. It just illustrates the risk off trade we have been seeing. Negative Interest Rate policy continues to give jim at jap