Wisdom turned bearish. All morning. We keep hearing the same thing from the socalled experts why wont this darn market stay down wheres all this money coming from dont people realize the earnings will be down this year versus last . Thats a negative litany i hear everywhere i go, even colorado even with that u. S. Air force academy. People still betting on recession. They think this is merely a fed mandated bubble and the buyers are going to get crushed and that i am way too positive the but every day something happens that contradicts the bari bearish narrative. I get it its hard. I admit it the pessimists are looking at all the wrong things i have to let you know where theyre going wrong so you dont make the same mistake. Ill walk you through individual stocks that i got wrong. Okay exhibit a. Hpa. They reported an okay number just okay. And its beloved ceo stepped down for Family Health reasons bad. And lore Enrique Loris took his place. Before the plan was announced, the stock of h
Dayal news 24 hours a powered by our 2400 journalists in more than 150 news bureaus around the world. From bloombergs newsroom in new york, im Mark Crumpton. Bloomberg west is next. Cory im cory johnson in for emily chang. Half billion dollar injection into the Saudi Sovereign Wealth Fund the biggest injection ever. But this does this change the Ride Hailing Company for real. And we will take you through mary meekers predictions for internet trends 2016. Mark zuckerberg holds a live q a from space. We will tell you how to nasa achieved stratospheric success in social media. Turned to the middle east for its biggest investment ever, the Company Announcing a 3. 5 ilion dollar raise as part of their most recent funding round, keeping the valuation at 62. 5 billion. The Saudi Wealth Fund managing director will take a seat on the board as part of the deal. Is shocking. Are these guys on a permanent fundraising scheme here . They just keep raising money and keep raising money. Guest it certa
Think, gravitateing to interest groups, so a show that might be you know, an average show for us on one of the Branded Networks becomes a top show in a nonlinear network because those who want alien programming find it, search it, find it, and watching it versus the way that we schedule our networks is very different. I think, you know were a brand we believe in brands first and foremost. Were marketers, which people underestimate our power in marketing, and we are going to go to the platforms that we can create new branded experiences for our consumers, and so were going to have, you know, our wonderful linear business and we believe in this ecosystem and we believe in the business, and we have a great relationship with our partners in that respect, and theres also an opportunity for us to embrace creatives in a digital experience as well and do nontraditional things that maybe would not work on linear. I dont know that theres, you know, what works over here works over there necessari
Also directionally correct. It is time to look forward, not backward. This is not the time to dwell on the reasons why the federal Communications Commission and department of justice reached the conclusion that this proposed transaction would not be in the publics interest. But it is important to understand the Tipping Point from cable to broadband came while this transaction was under review. We recognized that the skri had changed and we saw concrete evidence of the new competition and Business Models made possible by high Speed Internet access. Try in other words, we recognized broadband had to be at the center of our analysis. And the video was in essence an application that flows over networks and that could be supplied both by the owners of facilities and by competitors that use broadband pathways to compete against the owners of those broadband pathways. This shift has implications far beyond this transaction for the industry at large. When i appeared before you in the Second Qu