Times what it is now. Underfargo under fire and samsung under pleasure and the Transpacific Partnership under a microscope. Tpp is not the answer. Onglobal trade will go whether we participate or not and its up to the United States to lead. Its all straight ahead on bloomberg best. Hello and welcome, this is bloomberg best. Angie the week began with a jolt as the u. S. Government and launch officials investigated weekend bombings in new york and new jersey. An arrest on monday answered some questions and raised others. A man identified as a suspect in planting bombs in manhattan and new jersey was captured today following a shootout with police. The attack is terror back on the front burner for the president ial campaign. Live shots of donald trump in fort myers, florida. The bombings seem to play into his rhetoric on closing down borders and take and kicking muslims out of the country. Do we presume he will use this for the next two or three days and can drop honorees other issues lik
Changes are taking applauplace. Well go there live in a few minutes. The ceo of the lending club is out and the stock is falling very hard in the premarket. We will give you the latest. And donald trump saying the rich will probably pay more taxes if hes president. Will support shift now that hes backing earlier proposals to reduce taxes on all americans . Futures are off the highs of the morning following a down week for the markets, one which saw the nasdaq dip briefly into correction territory. Growth in the mix, a bigger than expected drop in chinese imports and exports last month. Overnight, shanghai fell by almost 2. 8 . Imports down 10. 9 , was a bad miss. Then we had these ongoing concerns about them pulling back on some accommodations. Yeah. Look, china and oil both negative today. This china situation looks like there wasnt a lot of speculation, obviously, buying these commodities. Now, i still believe that the domestic markets better than people think, but was it a blip up .
I am guy johnson. Francine is not here today. She is at the bloomberg summit. She will be back soon. Our top story. Lets talk about tesco. Bleak news again. It was not top 114 billion pounds and shares will be down as much as 14 . Charles, 100 days. Big ofthis come as a surprise they significantly reviewing . He said he was going to review it and we knew it in october. It was a degree to which it is him giving the guidance and that he did not give at the end of the told her. The key point is the commercial policy which we knew tesco had they buyhigh how from supplies and cello. The way they were buying was also in a mess. Is he big question is going to get us back to where we a newfore our are we in normal where the company will be at a lower level . Unlikely that is the Trayvon Martin and that tesco had for many years that years and we many will get more guidance in january. What is done in the short term is say, all of the back margin deals going on and they came in a number of ways
Today. Sparking worries in the broader markets. Some questions whether this is an Early Warning sign of a broader sell off. The nasdaq is coming off its biggest one day losses in nearly a year. The index is on pace for the worst week since october. In the meantime the dow and s p are down 2 in the last three days. As we talk about a sell off lets talk about the hideous elixir. A witchs brew. Or a famous miles davis album. What was that 300 point advance we saw last week after yelen took out patience . How much fundamentals were underneath that move higher . How real was that move higher and what inspired it . What about the recent economic numbers. People are still talking about 3 year in gdp but they seem committed to increased rates so were in an environment where the fed is for all intents and purposes tightening and then i have been making the point you put apple in the dow and youre asking for it. Youre trying to top the market out. Lets look at a six month chart of apple now. Num
In San Francisco, los angeles, and a nationwide High Performance backbone. It is also the managing partner of excellent capital, a private equity firm investing in growth stage companies. Previously, was the cofounder of centera, the leading provider of wireless base stations. Prior to that, he worked at national semiconductor, where he led the development and commercialization of internet networking products. He has been he has a degree in management from stanford, an ms from the university of central florida, and a degree in Electrical Engineering from the Indian Institute technology, bombay. He has authored numerous publications and has over 50 u. S. Patents. Thank you for organizing this panel discussion, and thank you, everybody, for graciously being here today. It is my great honor to introduce an incredibly distinguished panel of industrial luminaries. Let me start with timothy, simon, and jeanette. Tim is a professor at the Stanford Business school where he teaches a very popul