Bloomberg television, starting at 9 00 p. M. Eastern. Along the gulf of mexico, the texaslouisiana border is reeling after hurricane laura unleashed a wide swath of destruction, with winds reaching 150 miles an hour after coming ashore. It is now churning over louisiana. It could lead to more than 15 billion in insured losses. One of the top talkers on wall street, meantime, news of wall street joining microsoft to make a joint bid for the social media sensation tiktok. Now aligned with oracle. For more, i want to get to scarlet fu in new york. A lot tied to these remarks from the fed. There was a lot of gyration in jay powells remarks. In the case of equities, the fed moved it higher. The dollar moving higher. Bonds falling. In no rush bank is to raise interest rates. It will let the job market run hotter and inflation run higher, potentially overshooting the 2 target, before taking any kind of action. In the end, we saw financials get a boost. They benefit from a higher yield and a s
If theres anything that kind of went a little right, its that the murder hornets never showed difficult. Even bees deal with coronavirus, they do have to deal with sudden colony collapse. Ironically, they have to deal with hornets. This is video of hornets kidnapping bees. Its fascinating video recorded by a Palo Alto Company called bee hero which has developed sensors to watch for incoming hornets. They have made radar for bees. Now for the record, these are asian giant hornets, not murder hornets. But i dont think the poor bee cares one way or another. Well show you more video later. I promise. Well get to the ceo and cofounder of bee hero. A man forever stuck happily on the bee team. I have so many questions. Lets go with the fact that bees are very important to farms. Farmers actually bring bees in to the farms and the bee keepers release the bees. You dont raise bees, right . Youre not bee keepers. What do you do . Yeah. My cofounder is a bee keeper and thats how i got to know tha
Published. Meantime, facebook is making a big change to its ad business, announcing it will allow people to opt out of seeing political ads on facebook and instagram. Users will be able to mute electoral ads and ads on social issues as well. For more, i want to bring in purses and strategies founding partner, who was before that president obamas Reelection Campaign digital director. Teddy, good to have you back on the show. Facebook may the controversial decision to not factcheck political ads, not factcheck speech from politicians. What is your take on this now middle ground, saying you can turn off political ads if you dont want to see them . Teddy thanks for having me. I think the truth is it is not much of a middle ground. What its doing is putting the onus on the user to do the work. They are saying we wont provide any Fact Checking or any standards whatsoever on our platform, but you the user can click on a few buttons and hopped out if you make that decision. The thing i think t
And even bigger move at the front end of the italian, and the euro as well bouncing. Up by another 1 . Basically is really intensifying its response to the covid19 crisis and the Economic Impact that it is having on the global economy. Christine lagarde delivering that 600 billion and extending the benefits put forward by the governing council over the last few weeks, making them last a little bit longer. Lets listen to what she has to say. We judged that it was necessary to increase the price and i can assure you that there view and theus governing council that action had to be taken. In the face of that inflation outlook, and given our mandated price ability, action had to be taken. How big a day was it for europe . That ecb decision and Angela Merkel, bob diamond, Capital Funding partner and ceo, joining us now. What do you make of what Christine Lagarde has done, what do you make of what Angela Merkel has done . How big of an impact will it have on the european economy . Fromch a s
Good morning, everyone, im scott mcgrew. Back when there used to be conferences occasionally i would be invited to speak at one about how Silicon Valley holds on to its power as Silicon Valley oftentypes by Silicon Valley people who want to build their own Silicon Valley in their own locations. It is difficult to replicate. You can have the people, have the buildings, but what you likely dont have a a lot of access to Venture Capital. 90 of the Venture Capital firms are here in northern california, most in menlo park on sand hill road. The personal relationships developed with Venture Capital are one of the things that fuel the success of Silicon Valley. Doing it in a far flung location is much more difficult, except the virus may be changing that. Later in the show, i will be talking with connie chan of andreason horowitz who says she has no problems doing deals over zoom. Right now i want to speak with amy of anthem Venture Capital, who has been doing just fine doing vc in new york c