Suspended talks with russia on how best to coordinate airstrikes. Day,l news, 24 hours a powered by more than 2600 journalists and analysts in 120 countries. Bloomberg west is next. Emily i am emily chang and this is bloomberg west. Google gambles on smartphones. We will break down their strategy for the 400 billion market and plans to take on apple. And chris dhaka, why he is disappointed in jack dorsey and is hoping twitter gets bought. And i sit down with mark cuban who holds nothing back on donald trump. First to the lead. Google takes its biggest leak yet into the 400 billion smartphone Hardware Market after years of outsourcing Development Google ishone makers, taking the apple approach developing phones from end to end, in house. Take a listen. Phones are the most important device we own. They rarely leave our side. They are most peoples lifeline to the internet and each other. Today, i am excited to introduce you to a new phone made by google. We collect pixel. Pixel. Call it e
Mine and yours, were working hard and paying our fair share, he was contributing nothing to our nation. Mark clinton addressed claims from the Trump Campaign that he was a business genius, saying what kind of genius loses a billion dollars in a single year . The Vice President ial nominees will meet in their only debate tomorrow in farmville, virginia. You can watch the debate starting at 8 30 new york time. Results from sunday the municipal elections in brazil are indications the Workers Party will not be competitive in the 2018 elections. Im mark crumpton. Scarlet im scarlet fu in for emily chang. This is bloomberg west. Stick costello says advertising is not twitters only means of revenue. Is gopro china has dj has been selling drugs to professional for years. The gopros ceo ways in. And what can Companies Gain from digitizing the supply chain . We will discuss it with the former ibm ceo. First to our League Facebook wants a rematch with craigslist. Marketplace allows users to post
Market minute. U. S. Stocks have begun october, the month in the quarter, weather tends to be quite a bit of volatility, with backtoback losses. Moving higher, reflecting some anxiety. I think its a little deceptive because while it doesnt seem like much, the story today was the brett of the selloff. Everything getting hit on. Joe i will show you that matt i will show you the story right now, using my eye. Imap everything is red, with the exception of financials. Once again, second day in a row this week, defenses getting hit the hardest. Utility, telecom, tear he is, all down there. Take a look at the winners on the s p. Are financials, like hartford and northern trust, who did well today, and some ohio banks, keycorp, doing well today. Optimism on an Interest Rate increase, its not just the german banks getting hurt. Joe u. S. Yields rising, stocks and bonds selling off, another one of these days when everything moves in lockstep. A tighter policy thats a few days up in a row. That,
Lets talk whats happening with stocks because you pointed out the dow heat map and the dow heat map is almost all green. Here are the two biggest point contributors to the rally. Nearly 200 points to the upside today. Take a look at this. Post 6, the nyse, imc, Market Makers for boeing shares. Up about 2 . They are adding 26, 27 points to the overall rally in the dow. Now were going to turn around here and go around to the other side and this is post5 for Citadel Securities where Goldman Sachs trades. Goldman sachs up over 2 as well. Thats adding north of 20 points to the overall dow rally so those two stocks are showing real signs of life, and if you take a look at the Macro Markets overall for the sectors in the s p 500, we do see that financials and industrials, boeing and Goldman Sachs, are among the two best performing sectors so far today. Also, one more thing to watch here. Some of the traders have been talking a lot about oil prices. We can see Oil Prices Moving higher right no
Talks. First, to our lead, the square ipo. The Payments Company filing for an initial public offering, looking to raise 200 and 75 million. Se 275 million. That number is a placeholder and will probably change. Jack dorsey is pulling double duty as ceo of square and twitter. He is trying to restructure the social media company. Joining me now is alex barinka, thell as brad stone bloomberg head of global technology. Lets dive into the numbers. Square is making money but its not profitable. Brad growth is slow, which i was surprised to see. The starbucks partnership, wow. Emily can we talk about that . Because that actually cost them money. Brad there is a long history of starbucks being a poor partner to technology. Of course, groupon gave black marks to starbucks as well. Not surprising, jack dorsey has talked about that being a bad deal. Now we have evidence. Emily that is going away. If we cannot rely on starbucks, where is the growth going to come from . An interesting part of the f