Ahead of an ipo. Red herring disclosed slowing User Engagement and rights treatment. I think anything at 20 billion, you have to justify the violation. I think they danced around the issue of user growth, alluding to issues of the android. Monetization they touched on lightly, but as the story progresses, you will need to see more metrics. Cory we were joined for more. We were outside the Mandarin Oriental today trying to grab investors to hear their case. To their point, when asked what was your big takeaway still on your mind, user group was a lot of what the investors said to us. I heard instagram being called out by investors who point to the stories feature instagram introduced that mimics snapchat. Others brought up the new whatsapp feature rollout. Yes, snap is pointing to internal issues, like needing to build out on the android platform in noncore markets, but investors question the competition factor, and it will be on their mind when they are running comps. Cory the monetiza
Afternoon after missing the earnings target. Expecting more than 780 million. The environment in a 2017 is said to remain challenging. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Lets take a look at the markets. Trading this afternoon. Inare seeing a premuch flat china. Shanghai shares are down one quarter of 1 . This is bloomberg. Cory i am cory johnson, and this is the best of Bloomberg Technology, where we bring you the top interviews from the week in tech. Coming up, snap hits the streets with its ipo roadshow and faces a slew of investor concerns. The problem with snapchats growth ahead. Plus, tesla pops the hood, reporting fourthquarter loss of midst stalling vehicle sales. Beatingbritish Company Intel and the semiconductor market. Our exclusive interview with arm holdings ceo. Snap kicked off its roadshow ahead of an ipo. They have a lot of work to do. Red herring disclosed slowing and investornt rights treatment. Jo
Go down. Thats what happened today with the dow sinking 139 points. S p backsliding. Nasdaq declining. Didnt matter what the companies had to say because the averages didnt comply with any bullishness. They wanted to go lower. You know, when you hear things like that and youre not in the business, not used to buying and selling stocks as progressifesst must seem curious, a pathetic alibi. After all, who is the market . Is and how does it want to go down . Wheres the commandment that y says stocks have to go lower . Who decides that today, people who own stocks are by and large going to lose money and why of all things does the market not want to go higher . Didnt the ceo of the biggest bank say things are fabulous . Didnt wells fargo after all of that scandal still show some growth . A sign that perhaps perhaps is putting the rough patch behind . Didnt citigroup have its best quarter in years . Wasnt pnc better . Clean triumphs on every line item. The word perfect comes to mind. Yes, t
That in mind as we give you a look here at futures. We are looking for an up open at the open. European markets have been open and well give you a quick look there in terms of performance. You can see mixed bag with germanys dak down ever so slightly. Theres the 10year 2. 37, the story since the election. Theres a look at crude and brent as well. Lets get to our road map this morning. Black friday is upon us, but is it actually worth going shopping today . Were going to get you up to speed. And speaking of retail, well talk to the ceo of target, that companys plan to accommodate shoppers in store and online during the busiest time of the year. And president elect donald trump couldnt quite resist tweeting on thanksgiving day. His plans to keep that carrier airconditioning plant in the United States. That is the latest on his Transition Team all coming up. Ceos of major retail chains weighing in already on black friday. Heres what macys Terry Lundgren said earlier on squawk box. On a va
Vote to leave the european but after a tum, start, it turned out to be the best. The Dow Jones Industrial average up 19 points to close at 17,949. Nasdaq ad about 20 and the s p 500 taon four, but closed above the 2100 level. P rg its biggest percentage gain in about eight months. So, we now know how the first half ended and the sthaf started. The question for investors now is whats next . Bob pisani takes a look at the issues stocks face that could be Market Movers in the second half of the year. Its the start of second half of the year and after an already rough first half, the big question is where do we go from here in . N alternative to the tension stocks and the bears who believe valuations and earnings estimates remain too high and that t the year. There are all terrontives always have been. Of course, theres always gold. Gold hit a twoyear high today and thats giving a major boost to gold etfs like gld. As for earnings, while they will not collapse, estimates for an increase in