It is cutting some Senior Executives temporarily, from january until march. Are it, let us take a look at the markets. Hong kong and china are currently closed for lunch. It has been a volatile session. This after u. S. Rebounded and markets climbed, the much across the board. As you can see, some volatility. This is the picture in mumbai. I am back in half an hour, time now for bloomberg west. Emily im emily chang and this is bloomberg west. Coming up, star wars leaves the competition far, far behind in the box office. Privacy please tim cook pushes back on critics who want access to encrypted information. And flying into red tape. If you are thinking of buying a drone for christmas, take note the drone registration site is up and running. Star wars the force awakens shattered records in its opening weekend. There are stories about what happened. Its true. All of it. Emily the movie rang up 529 million, more than disney anticipated. Disney ceo bob iger sat down with an exclusive inter
Waiting for the company to turn around. The bank of china has raised 17 billion. The move coming ahead of the planned ipo. Wise, aarket composite adjusting Inflation Numbers up by one third of 1 . His is the picture there we go. A volatile number. Sentiment. T changing the nikkei is off by 1 . An hour. In half time for bloomberg west. Emily i am emily chang and you are watching bloomberg west. Cisco hopes a push in the cloud will move for bigger profits. And what would you invest in if you are one of the Richest Companies on earth. I set down with a man who runs a venture and of the company. First to our lead. A decision that could define the legacy of the troubled internet startup. Yahoo is bailing on plans to sell its stake in alibaba and will look at the plausible sales of its web business. Yes, the stuff that makes yahoo yahoo . Joining me now is cory johnson. We have an investor in yahoo and alibaba, and a managing partner at a venture firm. Also, the former ceo of the Huffington
A Consortium Including 4a is change since 27 the last close. Home pricessydney fell the most in five years. Lets check the markets. Hong kong has close for the christmas break. Closing the shortened day, one half a percent higher. Shanghai will open after the lunch break, down 1. 4 . This is how they looked in the morning. This is a picture in singapore. Looking likeel this. Time now for bloomberg west. Emily i am emily chang. This is bloomberg west. Pirate or Freedom Fighter . A new ruling says kim dotcom can be extradited to the United States. Beatles fans finally get their wish, the music debuts on spotify and other services. The worlds most popular drone maker tries to stay ahead of the pack with its first retail dealership. And a legal setback for a largerthanlife internet entrepreneur. A court ruled that kim dotcom can be extradited to the states to face charges. Following the ruling, he spoke to reporters outside the courthouse. This is not the last word on the matter. We will f
The shanghai composite is up close to 1 right now. See more ofnuing to a rally in hong kong here, despite very cold weather here in hong kong. We are getting trade numbers, early from this morning. The trade balance is back to black. Dont be fold. Fooledexports and just dont be fooled. We saw exports falling. What a loss. Exports have really grown. Helped in yen december. Most are saying this trade balance has narrowed annually, compared to the record we have seen. It has fallen about 80 . Again, people are saying Commodity Prices are slumping more than expected, which is why we are saying this narrow. In the past, year to date, if you continue to see it here, i have strength of 1 , a reversal to call for the weaker yen. Doj to move. The we have heard from harry corona that that might actually happened. I want to end on gold. That is the new safe haven. It is going to stay up 3. 7 today. We are going to break that 1100 mark. People are looking at this once again. Oil is front and cente
Shares of ebay soared today after a report the company is considering spinning off its paypal unit. First, to our lead story. Salesforce is no stranger to spending, buying Companies Like exact target, striking a partnership with microsoft, and spending on new office space like the Salesforce Tower in San Francisco. In the second quarter, the Software Company reported sales of one point 3 billion, up 38 . Some of those moves are adding to the top line. Salesforce is also planning a major Product Announcement at its dream force conference in october. Shares up slightly. Joining me is our editor at large, cory johnson. What do you make of the results . A huge jump in revenue, but a loss. The 5 billion company that grew 38 and generated north of 200 million in free cash flow. They do spend a ton of money. Cory, would you complain . You complain about anything when you get the chance. [laughter] thats not true. Salesforce has vast fortunes in acquisition here. It has heard gross margins. Gr