Thank you everyone and welcome to tonight program. We are very pleased to have joining us this evening zeynep tufecki. She is a contributing opinion writer at the New York Times as well as an assistant professor in the school of information and Library Science at the university of north carolina. And shes also the author of twitter and tear gas which is for sale after tonight program. And for those of you who are not familiar with World Affairs, we are an organization that seeks to explore problems and expand opportunities at the intersection of international policy, philanthropy, and commerce were solutions to our problems lie. We are recording ten nights event with both cspan as well as for radio. So please do take a moment to silence your cell phones, and would like to thank the audio engineer who is joining us this evening. You will notice we have a blue question cards on your seats so pleased to make use of them thought the program and writer programs that and i will bring them up
And commerce where solutions to hard problems lie. We are recording tonights event both by cspan and for radio, so take a moment to silence your cell phones and we would like to thank jane. Your question cards on your seats, so please make use of them and write your questions down and given we will be talking about social media and tonights program we invite you to get involved in our online conversation using the World Affairs alive, if youd like to engage in online discussion. I would now like to introduce our moderator this evening who is an adjunct professor at the school of information at uc berkeley where he teaches a course on digital activism. Hes also the founder and editor in chief of China Digital times. We are delighted to have him here this evening and if you could all join me in welcoming him who introduced tonights speaker. [applause]. Good evening. Pleasure. I will try my best. Zeynep tufekci, a contributing up in your and writer of the new york times. What i am most am
Been. Ban. A federal judge will consider the request at a hearing in honolulu. Global news 24 hours a day, powered by more than 2600 journalists around the world. Im mark crumpton. Bloomberg technology, is next. Cory im cory johnson. This is bloomberg technology. Coming up, we go live to las vegas, nevada for the ibm internet conference. We talk about everything from the cloud to ibms partnership with wanda. Marc benioff says the window for acquisition is posing. Firstll ubers board Travis Kalanick to resign . First, lets turn to the market selloff for u. S. Equities. It biggest slide since october. Lets bring in stocks reporter abigail doolittle. A big fella today. Cap down a big selloff today. Tech down 1. 5 . Reporter indeed. It was a pretty bad selloff for major averages today. A dayw down the most from standpoint, the worst selloff since the beginning of september. Some are saying this is a reversal of the reflation trade. Now is the worst sector for the major averages, including
Thus far for the three major averages. For the dow, it is since midoctober. Of 109 break that streak sessions without a 1 loss in the s p 500. We have had this lackluster trading action in terms of volatility and movement in volume. It was the lowest Trading Volume of the year yesterday. Volatility taking up and stocks are ticking down. We are seeing a broadbased selloff as well. Only utilities and Consumer Staples are higher. Financials steeply declining today, down 2. 6 . Materials come industrials, tech, discretionary and Energy Falling today. I want to focus on the financials in particular. The flattening of the yield curve is starting to take its toll on the financials large and small. Heres the financials xls down 2. 7 . Down 2. 7 . Evidence of the Regional Bank downdraft. They had been out performer since the election. Re, it look at the k is down 5 . Bank of the ozarks milosevic premier bank ozarks, Pacific Premier bancorp down sharply because they dont have the diversified inc
Thus far for the three major averages. For the dow, it is since midoctober. Of 109 break that streak sessions without a 1 loss in the s p 500. We have had this lackluster trading action in terms of volatility and movement in volume. It was the lowest Trading Volume of the year yesterday. Volatility taking up and stocks are ticking down. We are seeing a broadbased selloff as well. Only utilities and Consumer Staples are higher. Financials steeply declining today, down 2. 6 . Materials come industrials, tech, discretionary and Energy Falling today. I want to focus on the financials in particular. The flattening of the yield curve is starting to take its toll on the financials large and small. Heres the financials xls down 2. 7 . Down 2. 7 . Evidence of the Regional Bank downdraft. They had been out performer since the election. Re, it look at the k is down 5 . Bank of the ozarks milosevic premier bank ozarks, Pacific Premier bancorp down sharply because they dont have the diversified inc