Conversation with tim cook from 2015 in our ongoing inquiry what makes apple apple. Heres the situation, on your smartphone, your iphone today, there is lyle health information, financial information, there are intimate conversations with your family or coworkers, there is probably business secrets from the work that youre doing, and there is also tracks of what youve searched on, lots of information about what youre looking at and writing, and maybe youre a journalist and maybe even your sources, right . And all of this stuff is incredibly personal and we believe incredibly private and you should have the ability to protect it. Rose Travis Kalanick, brian chesky and tim cook, when we continue. Funding for charlie rose is provided by the following . Rose Travis Kalanick is here. He is the cofounder and c. E. O. Of uber technologies, the ride Service Launched in 2010, present in 65 countries now. Wire Service Manager called transportation and logistics unicorn many private investors con
Good morning. You are watching the pulse. I am guy johnson. China stocks falling the most since 2008. The shanghai composite was down 7. 7 . Regulators crackdown on investors buying stocks with borrowed funds. David tweed is in hong kong. 63 higher in six months. A little bit of a bang at some point. It is a pretty eye watering number. The pace of games really concerning the chinese authorities, which is why they had to crack down on margin trading. 63 billion dollars, we can get an idea of what that means. That was the amount of money on margin loans in june last year. By december 174 billion. You can get some scope of the money that was being put into the equity markets. Largely Retail Investors. This is a Market Driven by Retail Investors, 80 is retail. This is what the chinese authorities are concerned about. They have brought in some measures the three largest brokerages have been told they cannot open up new margin trading accounts on behalf of the clients for three months. Other
Euro zone, where they stake their claim to rapid expansion on the continent. Hello. Welcome to countdown. I am mark barton. And i am an edwards. And i am manus cranny. 6 30 here in london, a guest will join us. And we have a chinese theme. It has been a torrid day, the shanghai composite falling by more than 6 today, and the reason is the suspension of three firms. They are controlling margin investing due to a concern that a recent stern show search in stock prices could have a negative effect. Cutting back on the brokerages is their money. That is right. They are trying to curb people from buying into this rally this ultra bull rally, and it was up 60 last year until todays fall. We are talking 290 billion dollars of market cap has just been wiped out in just one day not a great day in the shanghai composite. It is the steepest drop, the most in five years again after the three biggest brokerages were stopped from adding more margin trading accounts, and they were suspended for three
The largest takeover in the history of technology. The choir has not been identified but the top list who can afford to buy the company is a small list, oracle microsoft, ibm. But who once the behemoth sale . We will talk to brent. The board has to make a decision and their decision is to evaluate that decision an offer on the table so that is why they engaged the experts to look at offer. The business that shows tremendous topline growth and also a business that has zilch forprofits zilch over the last five years of cash flow and if you look at what we know, you look at growing the business they do it by expensive acquisitions and spending a boat load of marketing and thats why theres no markets or historical cash flow. They will want topline growth at the expense of a lot of earnings and a lot of money. You have covered sales for a long time and you share my skepticism. I think its going to be tough to pull this off. This is the largest deal every tech. We also know that mark has don
We have less than an hour until the close of trading. Lets go to the breaking news desk where scarlet fu is looking at the action on the street. Scarlet the action was concentrated in the moment morning. There is some drama that has given way to a quiet afternoon. A sharp drop, and a recovery. We reached session highs about 90 minutes ago. We have since been drifting lower. The morning did feature disappointing economic data. An unexpected drop in Consumer Confidence for one, and another month of contraction in the richmond manufacturing. All of this is as the fed began a twoday meeting that concludes tomorrow. Right around the time the data came out, there was report that irans military seized a u. S. Cargo trip. The pentagon denied the report saying the ship fired upon was flying a Marshall Islands flag. Treasuries did fall with yields currently at session highs. You can see right there, the 10year at 1. 89 . The dollar weaker as well as we head into the final hour of trading. Matt t