And coming up, chuck robins talking earnings. Thats moments away. Our top story in s. An egyptair flight. This appeared from radar over the mediterranean. They had 66 passengers and crew onboard. Weve been watching this story and she joins thus morning. Good morning. We just heard from the minister of Civil Aviation in egypt. He said he is launching a joint investigation with french authorities trying to find out what happened to egyptair flight 804. The big question Going Forward is what exactly happened once this plane left the radar. What we understand is that happened around 2 30 a. M. They were 20 minutes from landing. This was in the southern mediterranean. The Greek Defense minister saying that the plane was making sharp swerving moves before it was lost from the radar. Now what we heard a few moments ago from the egyptian authorities is the reports coming out of greece were as yet unconfirmed and they said theyre going to refuse to provide this plane anything but missing until
From their homes. Day,l news, 24 hours a hourbyhour 2400 journalists in more than 150 news bureaus around the world. Emily im emily chang and this is bloomberg west. Exploring aandora sale. We will discuss potential buyers of the radio streaming service. Plus, cisco up 10 . I will speak with Ceo Chuck Robbins about what is working for the company. And twitters shares take another letdown. Can the company pull its stock out of the gutter, despite no new users in the latest quarter . I will speak with ceo adam bain. Emily first to our lead, another day of turbulence in the market. The dow taking over 400 points, eventually settling just 250 points down. A half e hour and final hour and a half of trading, it dropped more than 10 . Our editor at large cory johnson joins us now from the newsroom with the breakdown. Is this worse than the markets today . The markets cory the markets are certainly ugly, but it is Technology Stocks that are suffering the most. Nasdaq is over 15 in decline this
The nikkei 225 was also sharply down. Tanker tracker oil movement says low prices will not rise this month. Gold has an explosive start to 2016. The highest gold prices in years. Heading for its biggest weekly gain in more than four years. Fear is in control. Those of the headlines from bloomberg news. Hong kong currently closed for lunch but here is how it was trading. Down. All this ahead of china resuming trade after a weeklong holiday. Some losses in korea. We will discuss potential buyers of the radio streaming service. Plus, cisco up 10 . I will speak with Ceo Chuck Robbins about what is working for the company. And twitters shares take another letdown. Can the company pull its stock out of the gutter, despite no new users in the latest quarter . I will speak with ceo adam bain. Emily first to our lead, another day of turbulence in the market. The dow taking over 400 points, eventually settling just 250 points down. In the file hour and a half final hour and a half of trading, it
Oil is nearly unchanged. We begin with janet general on the hymn, day one of congressional testimony. The market awaits any change in Interest Rate policy. Disney and time warner both report earnings but fail to catch a bid. Yes, earnings were beat. Most stocks sharply lower. Well fill you in. Trumpsanders taking the state t. Race moves on to South Carolina and nevada. But first up, were less than an hour away from generals spy annual testimony on the economy and Monetary Policy. This morning, shell appear before the House Financial Services committee. Tomorrow, of course, the Senate Banking committee. In her prepared remarks, she says financial conditions have recently become less supportive of growth and a lower path of fed funds rate would be appropriate if the economy were to disappoint. But she adds, she still sees moderate growth ahead 245 would allow the fed to pursue gradual rate increases. We will bring you live coverage at 10 00 a. M. Eastern. She talks about slack in the lab
Months and sees 2. 9 growth this year. The Organization Says emerging economies are a source of uncertainty, and their performance has implications for the rough field. How china reaches the objective that they have in mind has a lot of implications from their supply chain partners, for commodity prices, and for advanced economies. At thelets take a look markets. Hong kong and china are currently closed, and here is how they were trading in the morning session. This is the picture in sydney, tokyo, and india as we wait for indigo to come online, its ipo at 12 30. I will be back in half hour. Time now for bloomberg west. Cory i am cory johnson in new york for my work wife emily chang. This is bloomberg west. The owner of match. Com is here. Match. Com has filed for an ipo. A proposed chip industry merger comes under fire. Elliott management wants to break up. One plus one is indeed more than two, maybe more than 2 billion. But first to our lead, yes, looking for love from investors. Ten