Area. He is the third u. S. Servicemen were to be killed in iraq since forces returned there in 2014. Global news around the world from the Bloomberg News room, i am ramy inocencio. Bloomberg west is next. Emily ramy this is bloomberg west. Coming up, we tell you why the latest funding for the chinese Ride Hailing Service could mean bad news for uber. And, it is official, fireeye promotes a familiar face from within. The new with his ceo on a day when shares plunge 19 . And, does donald trump have any friends in Silicon Valley . We find out whether the gop frontrunner has built a wall between himself and potential bay area supporters. The biggest competitor to cooper in china is close to raising 2 billion in its recent round of funding. They close the round in the next few weeks, with a valuation of about 25 billion. That would make it the fourth most valuable start up in the xiaomi, anduber, airbnb. Here to discuss this is David Kirkpatrick. Guys, welcome. First off, i want to ask you
Brought to the up and rising stars on wall street and the legends out there. Kate kelly is here covering all the big movers out of the events today. Kate, we have a long list of movers to cover. Thats right. Maybe ill just start with carson block from muddy waters. He presented a short on bank of the ozarks. They were down 14 in the opening minute or two of the presentation. He thinks hes worried about the unfunded loans within the real estate portfolio among many other things. So that was a really interesting case. Creton polleymer. That is a chemical company. That is a pong position presented by david rosen. And that popped about 8 or 9 on his thesis. Way also heard a remarkable presentation from larry robins of Glenview Capital. He had a really rough 2015. Reportedly has had a rough start to the year, too. Hes known for his prowess at picking Health Care Stocks. If you like the fundamentals but not the stock price, hang in there. I have no actionable ideas today is what he said. Yea
What a strong, bizarre comeback. Many stocks were swept up in the big jump in oil. A monster 2. 60 move off the 3 basis but something profoundly positiveveappened today. The stocks of the companies that were most on the ropes in the oil patch like chesapeake, freeport and other dead man drilling stocks actually read the rally and that reassured buyers who flocked to many of the beaten down sectors in this market. Let me tell you why. For ages oil has been dragging down the whole market because of a false sense that demand for crude is declining. Machines that sell stocks when oil goes lower may make them money. I dont want to argue facts. The fact is the demand for oil is going up, not down. There is a consequence to oil going down, when when its a supply glut not demand softness. We get very concerned. Worried, frightened about oil from the wells isnt great enough to cover the debt load. Hence, bankruptcy on the horizon. This is a big but. If crude could stay between 35 and 40, a few
Nasdaq declineds just. 28 . What a strong, bizarre comeback. Many stocks were swept up in the big jump in oil. A monster 2. 60 move off the 3 basis but something profoundly positive happened today. The stocks of the companies that were most on the ropes in the oil patch like chesapeake, freeport and other dead man drilling stocks actually read the rally and that reassured buyers who flocked to many of the beaten down sectors in this market. Let me tell you why. For ages oil has been dragging down the whole market because of a false sense that demand for crude is declining. Machines that sell stocks when oil goes lower may make them money. It doesnt make them right. I dont want to argue facts. The fact is the demand for oil is going up, not down. There is a consequence to oil going down, when when its a we get very concerned. Worried, frightened about Oil Companies where the cash flow from the wells isnt great enough to cover the debt load. Hence, bankruptcy on the horizon. This is a bi
What a strong, bizarre comeback. Many stocks were swept up in the big jump in oil. A monster 2. 60 move off the 3 basis but something profoundly positive happened today. The stocks of the companies that were most on the ropes in the oil patch like chesapeake, freeport and other dead man drilling stocks actually read the rally and that reassured buyers who flocked to many of the beaten down sectors in this market. Let me tell you why. For ages oil has been dragging down the whole market because of a false sense that demand for crude is declining. Machines that sell stocks when oil goes lower may make them money. It doesnt make them right. I dont want to argue facts. The fact is the demand for oil is going up, not down. There is a consequence to oil going down, when when its a supply glut not demand softness. We get very concerned. Worried, frightened about Oil Companies where the cash flow enough to cover the debt load. Hence, bankruptcy on the horizon. This is a big but. If crude could