Franchise. We have a rate increase, maybe two more. Ramy and brexit, the date of decision draws near. It will be a shock if we were to leave. There is consensus on that. There is the freedom to find new markets in the world and take back control. Ramy it is all straight ahead on bloomberg best. Ramy hello and welcome i am it ramy inocencio. This is bloomberg best, the most important review of analysis and interviews from around the world. Lets look at the headlines, we start in the middle east. Bloomberg has been reporting on saudi arabias plan to diverse if i is economy and actually reduce its dependence on oil. Diversify its economy and ask a its dependence on oil. Jonathan all eyes on saudi arabia, the economic shakeup has been led by the deputy crown to go mohammed, trying away from the decade of crude reliance. Take us through this blueprint. What do we know so far . We are talking about the biggest economic shakeup since the kingdom was founded in 1932. They will list the company
Republican president ial candidate, ted cruz has named Carly Fiorini as his running mate. She dropped out of the race earlier this year. She told a rally in indianapolis that cruises president ial bid is not over. For the third meeting in a row, the Federal Reserve has opted not to raise Interest Rates of they remain positive about the under fittings of u. S. Growth and our last worried about risk. Global news, 24 hours a date powered by our 24 hour generalist in more than 150 news bureaus around the world. Bloomberg west is next. Emily facebook hitting investors sweet spot with another glowing earnings report. Surging revenue and steady user growth. Mark zuckerberg has more to come. Paypal giving the markets a strong showing. Leading revenue and profits. How long can the company fend off the competition. Yahoo scores a narrow victory against activist investors. The company may have averted a boardroom showdown but is it speeding down the fast lane to a sale . Facebook shares surging a
We have a rate increase, i fully expect will have another and maybe two more. Ramy and brexit, the date of decision draws near. Experts forecast the fallout. It will be a shock if we were to leave. I think there is consensus on that. There is the freedom to find new markets in the world and take back control. Ramy it is all straight ahead on bloomberg best. Ramy hello and welcome. I am ramy inocencio. This is bloomberg best, the weekly review of most important Business News analysis and , interviews from around the world. Lets look at the headlines. And we start in the middle east. Bloomberg has been reporting on saudi arabias plan to diversify its economy and actually reduce its dependence on oil. They officially reduced thats released a blueprint for its future. Mark all eyes on saudi arabia, officials unveiling a blueprint for diversifying the economy. The economic shakeup has been led by the deputy crown Prince Mohammed bin salman, trying to away from the decades long a lot relianc
Misses. Heres a stat. Today aloerngs microsoft and google lost a combined 30 billion in market capitalization. Apple is also lower right now by the way. Still in a bear market territory. Apple reports earnings on tuesday. Well have much more on that in a second. But first, lets dig in on alphabets mess. We have a senior internetab analyst joining us. It seems like the sentiment on the street is well lower targets but keep ratings. Were standing by alphabet. That is certainty not the attitude of investors in todays session. What is your take on the stocks move . Not surprised to see it down. Obviously, the revenues were a disappointment. They came in 2 below street estimates. You did see increasing season alt in the business. So q4 is very strong. However, q1, we typically do expect season alt. It was a little weeker than we expected this time. It is possible as google matures that its going to be fluctuate more with the seasonality of ecommerce. Were still positive longer term. It did
And maybe two more. Ramy and brexit, the date of decision draws near. Experts forecast the fallout. It will be a shock if we were to leave. I think there is consensus on that. There is the freedom to find new markets in the world and take back control. Ramy it is all straight ahead on bloomberg best. Ramy hello and welcome. I am ramy inocencio. This is bloomberg best, the weekly review of most important Business News, analysis and interviews from around the world. Lets look at the headlines. And we start in the middle east. Bloomberg has been reporting on saudi arabias plan to diversify its economy and actually reduce its dependence on oil. They officially reduced thats released a blueprint for its future. Mark all eyes on saudi arabia, officials unveiling a blueprint for diversifying the economy. The economic shakeup has been led by the deputy crown Prince Mohammed bin salman, trying to away from the decadeslong reliance on crude. Take us through this blueprint. What do we know so far