Day. You can see the hang seng was down by 2 the kospi in south korea, where the closest to these concerns is located, is down by 1. 7 in europe there are also concerns playing out there the dax down by 0. 4 all the other averages down by 1 or greater. Biggest declines in spain, the market there down by 1. 4 . If you check out crude oil prices, the iea releasing a new report saying that Global Oil Demand will grow more quickly than expected this year. Thats not helping prices which are still down by 37 cents. Here are the big stories were watching shares of snap are sliding after the social Media Company reported a bigger than expected loss snap lost 16 cents a share last quarter. Revenue coming in at a lighter than expected 1 181 million the company added fewer daily active users than anticipated. Ceo evan spiegel addressed concerns on the Conference Call. We have always been last to market, competing against giant companies, weve been able to grow our business in markets that are hig
Weigh in for what has to be the most hyped boxing match, mayweather and mcgregor. Hundreds of millions of dollars on the line so were on that its all about making money. Also tonight were on this breaking news come in from the wall street journal. The journals reporting that the special Council Robert mueller is examining possible role that Michael Flynn may have played in seeking Hillary Clintons emails from hackers. Thats a story thats just breaking in the last hour or so, so well have more on that coming up. First though out to vegas Hillary Vaughn is on that story at the tmobile arena and this is the big hour such as were building up together big fight tomorrow night, mcgregor and mayweather should start at any moment the weigh in, right . Rick any moment now, connell and the excitement is building in the arena all these people got free tickets to come in and get a chance to see the fighters before they faceoff tomorrow night, so a lot of cheering, a lot of singing and the momentum
Julie the worst week since early february. It keeps accelerating as we had through the session. The nasdaq has consistently been fearing the worst, down 1 right now because we have a drag from large cap tech stock that has been declining. We saw a rebound in european stock and commodities. That is not happening in the u. S. Markets. Take a look at the s p over the course of the day. Stocks opened, they were not down nearly as much. If you take a look at the bloomberg to see the groups on the move, energy chairs and gains we see in oil prices. Tech and Consumer Staples are dragging the most. Particularly tech. Apple is leading the losses within technology after a court ruling in beijing that said the company violated a chinese phone patent. Apple says it has appealed the decision but there are still sparks of concerns. And microsoft have also been declining today. Oliver this has been the week of the vixx. It is interesting, you see the divergence between the u. S. And europe. Up hereei
The voice and data recorders from the egypt airplane that crash into the mediterranean are extensively damaged and will need repairs before they can be analyzed. Thats according to the associated press. Searchers recovered the second black box today in the quake of the florida massacres, they hoist republicans that the government be allowed to prevent anyone on a terrorist watch list from buying a gun. Republicans disagree. They said a court should have to sign off on nobuy order. From bloomberg World Headquarters in new york, im mark crumpton. Ramy this is bloomberg west. Apple facing the threat of a sale freeze. How serious are the allegations . Were break them down. Bill gates sits down exclusively and hear his views on the linked in deal. And hollywood dips its toes in Virtual Reality and why the gaming industry is still sitting on the sidelines. Apple hit with a patent dispute in china. The beijing intellectual Property Office has found that the iphone 6 and 6 plus are too similar
Merchandise developed over 40 years. We are 30 minutes into the training day in the u. S. Lets head to the market as with julie hyman. Wish they wouldve written in the margarita discussion during the break. Lets take a look at stocks. Seeing a selloff in the u. S. Despite the rebound elsewhere, especially in european stocks. In the u. S. , it is not happening. The nasdaq is down. 5 . Lets took at the lets take a look at the bloomberg. We have commodity stocks higher. On the lower end, Consumer Staples are selling off, particularly soda stocks are getting hit after philadelphia instituted a soda tax. Technology and health care lower. Technology, there was a ruling in beijing against apple same the company in france on a patent of the chinese phone maker saying the company infringed on a patent of the chinese phone maker. It just applies in the city of beijing, not elsewhere in china, but could set a precedent for other cities and regions. Are also and alphabet taking a hit today. We are