Why ceo bob iger believes it superhero showdown, musical animation, and the force will pack theaters this fall. First to our lead, this week we brought you Bloomberg Technology from the conference in laguna beach where we had conversations with some of the biggest names in tech. Lets kick off with my interview with arianna huffington. We started talking about ubers volatile year and the changing role of travis kalanick. Arianna he is on the board, and he is very active. He obviously built uber into the juggernaut it is now. He passed the baton. He was the one who introduced darrah at the all hands when he took over as ceo. It was a very nice transition of power. He has been amazing. He has been handling all the problems, whether it is what is happening in london with the suspension of ubers license to the deal in process with softbank. He has been a great leader. Confidence and willing to show humility in the appropriate times and very committed to building a thriving culture and compa
Decent amounts. The next system looks better because it is tapping in from moisture coming up from the hawaiian islands. Today, 30s, 40s and 50s on your temps to the north. A lot of clearing. So 30s. Mid40s for some. Walnut creek and blackhawk in there and out by the Concord Pavilion, 45. And also berkeley. Except for lingering clouds and fog, we have a nice day on tap. Not very warm. But the system will give us a big change for us starting tomorrow. More on that in a little bit. 7 01. Sal tells us what. You would say how is the commute and i would give you the ugh sign. It could be worse, i suppose. Weve had a lot of slowing this morning on 80 westbound towards the macarthur maze. Metering lights are on at the bay bridge. Boy, is it crowded. I was talking to mike off the air. Mike mibach, the Award Winning anchor. You may have heard of him. [applause] thank you. Thank you. He said why is it so crowded. We talked about it. Next week people have time off. This week everyone is going in.
I am filling in for Erik Schatzker today. He is off today. You know why . We are breaking economic news. November existing home sales are officially out. Our economics editor, Michael Mckee, it is at his desk cranking away with the headlines. That news and we do not know why. Right now we see existing home sales fell on the month by 4. 3 . The worst performance of the year. A lot of people may attribute this, and it is a good that it is through to the fed that pushed morgan rach up Mortgage Rates up. Two or three months ago when rates were higher, we have also had some bad rather bad weather. The final reason is that this is not the prime selling season. People drop off as you go into the winter and get closer to the holidays. People are buying less homes than they do in the summer. It is not good news for single which are condos, down. Inventories not particularly good news, either, at this point. We will take a quick look here. Inventory falling. Not as much for sale, but not helping
I am serious. Everyone is talking about the changing times on wall street. Goldman sachs looking to sell its New York Stock Exchange Market Making unit. Dutch Investment Firm imc Financial Markets is in talks to buy the business. Goldman bought the operations into thousands as part of a purchase. 5. 4 billion dollars, goldman paid for that trading unit in 2000. Goldman is now selling it for as much as 30 million. Do you get that . Five point 4 billion, 30 million. To be fair, goldman made money off that investment over the last 14 years. Earning over those 14 years, at that price you are looking at a 99. 4 longterm capital loss. This points to a bigger story, this is what the New York Stock Exchange floor looks like today. There are humans, but there are a lot more computers. It was not always this way. This is back in the 1920s. Almost one hundred years ago, that is old school. Fastforward to the 1950s, kind of new school. Today there are more than. 5 million miles of telephone wires
Said he was hopeful that perhaps the mother but these children with someone for safekeeping and that person does not know they are missing and that is why police are pushing this story out there. Thank you. Here is one more good look at Catherine Hoggle and her two children. If you see them please call the police. Breaking news coming in from prince georges county. We want to give you a live look at a bus crash that happened a short time ago. We are told that the bus was full at the time. Seven people were hurt. All of the injuries are minor. We will keep you updated. A developing story from richmond. Treatedren have been for acute respiratory illness. Doctors do not know this is the same virus that is hitting other parts of the country. Sent 10 children and other states to the hospital. The good news is that they are rarely fatal, and can be treated. Construction delays cost drivers time and money this morning. Drivers were caught in the worst back if they had ever seen. To bes were s