And mind games. Elon musk flames new technology can read a rats mind. Elon musk announces his latest startup neuro link, successfully implanting wires into brains and enabling a monkey to control a computer. The next goal, human trials. We begin with the hearings on capitol hill. Facebook, amazon, apple, google all appearing in washington to answer lawmakers questions on antitrust, social media, and cryptocurrency. The first to be raked over the coals, facebook, as the Banking Committee fired searing questions at the cocreator of the social Networks Cryptocurrency project. We will take the time to get this right. Wouldnt it be easier and safer if people could securely receive money transfers through their smart phones, just like they do for so many other things today . That is what libra is about. Emily the chief was grilled on tuesday. We caught up with the senator after the hearing. Sen. Warner lets start with the fact that i think Blockchain Technology, even the possibly of cryptocu
Sachs. Weve got tech giants, and microsoft, plus dough laggard united health. Do you trade or fade these names going into the Earnings Report we thought wed kick off monday strong with a game of trade it or fade it. Monday, right out of the bat. Right out of the gate netflix, guy adami, trade it or fade it . Trade it, see that, you thought i was going to quiver. I think weve been steadfast on this my concern prior to the last couple of days, heres a stock thats gone from 250 to 380 in a straight line. The selloff the last couple of days has me somewhat encouraged. People are taking profits into the quarter. I think its wrong i think their International Net adds will continue to dominate and impress people all the competition talk two or three years away, the Stranger Things which ive never seen, apparently everybody is watching now. I think the franchise is strong. Yes, they have a debt problem. They have a huge mote. I think you buy netflix. You know what, im actually right with you h
The u. S. Team may ahead to beijing for new facetoface negotiations if talks over the phone go well this week. Shery later in Bloomberg Technology global link, we take a look at all the concerns around the facebook crypto push. Why analysts say libra is fanning the flames for critics. First, lets get you started with a first check of how markets closed on monday the u. S. We have equity markets fluctuating between gains and losses, just the finish slightly higher. Investors pretty much focused on secondquarter earnings. We had tech stocks leading the rally with the nasdaq up 2 10 of 1 . Steel stocks gaining ground after white house advisor Peter Navarro talked about an executive order to have Companies Use more domestic steel and iron for federal contracts. Pressure coming from the Energy Sector and financials. A mixed bag of earnings for citigroup which plans to kick off the secondquarter earnings season. Trading revenue dissing estimates. Citigroup leading the estimates. Every member
Speaks about relations with the u. S. And the nuclear deal. The United States in my view has shot itself in the front. Conversations about the Global Economy at d7 finance meeting. G7 finance meeting. I think we need to be thinking about what happens if there is more than a slowdown. You need countries that have the physical space to come in, stimulate their economies. It is all straight ahead on bloomberg best. Hello and welcome. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. Moneyline monday investors sifted through a slew of data from china. Chinas economy is continuing to slow with sluggish domestic output and trade tensions pulling growth down to the weakest levels since early 1990s. Gdp grew 6. 2 , matching estimates, but below the 6. 4 theme in the previous quarters. It is slowing on a quarterly basis. The take away from to
We think investors are contemplating today. Netflixs ability to raise price in lieu of rising competition. You saw evaluated churn in this quarter from price increase, as well as its ongoing need to invest in content. The Company Called out their inability to mute their subscriber estimates based on what was seen to be a weaker content slate. So to ask that shows the need to continue to invest heavily in content. Do you think price hikes from here on out are just going to be too hard to do we dont think theyre too hard to do, but perhaps the magnitude we saw in that quarter wont be as large as we move forward and the time between the next price hike might be a little bit longer. Or maybe, john, as one of your sellside colleagues said earlier in the morning, maybe you dont do a price hike in a contentweak quarter yeah. I mean, that was the thing about it like, if you look at it, netflix has beaten 10 of the last 14 quarters, but missed three of the last four years, and two of those year