Make it easier for exporters to sell overseas or last off, if they fell last month over 8 . Earlier on bloomberg surveillance, we heard from blackrocks chief strategist. At the Market Reaction in the bond market and it is a risk off move. The of Interest Rates leading the rally. It is a testament to concern that chinapicture coming after the export data is making a move on the currency. A lot of ramifications. The initial concern is, what is the saying about global growth. Stephen says he thinks chinas currency will currency wars will get worse. The agreement will give the greeks as much 4 billion in loans. 86 billion and euros. Greece has a payment due to the European Central bank on august 20. Stephanie google wants to become the Berkshire Hathaway of the tech world. Google is reorganizing into a Holding Company. The search and advertising units will be separated from new businesses such as self driving cars and help technologies. Each subsidiary will have its own ceo that has a stru
And donald trump in the dustup with megyn kelly. He said his comments were quote, appropriate. Shots fired in ferguson, after police and protesters attending a rally to mark one year after the Fatal Shooting of unarmed teenager Michael Brown. And it was a down week for wall street last week with the dow, the nasdaq, s p 500 all losing about 1 . The s p energy sector, the worst performing sector losing by 4 . Utilities the best performing sector. Were keeping an eye, of course, on oil prices which continue to move lower. Dow about 30 points, nasdaq, techheavy nasdaq up by 17. And we do get the sales ahead of a potential fed rate hike still at this point seems to be september. Taking a look at the cnbc global index. Mixed data were looking at. Trade right now index is seeing a gain just around a quarter. A point, as you can see coming off the highs of the day. Interestingly enough, as you take a look at european markets, greece is in fact a part of the discussion, greece hopes to continu
Hathaway acquiring precision. We knew this. Nfl deal kind of interesting. Yes. Ahead of earning, reports for tomorrow. Al boib. First up Berkshire Hathaway saying it has agreed to acquire precision cast parts. They say the deal has an enterprise value of 37. 02. They say it takes berkshire out of the market when it comes to m a. Well probably be buying a few small things in the next six months. I mean, were in negotiations on a couple but in terms of a deal of similar size, it pretty much takes us out. What well probably do on this one is well probably borrow about 10 billion and use about 23 billion of our cash. Asked about a lot of Different Things. Ibm, hinted hes been buying more. Said kraft unlikely to do a big deal in the next couple of years. I thought there was a lot here. I know the three reasons the market is up. China should have been down a lot. The stock market has disassociated it from the data which is terrible this weekend. Second, when i look at whats happening with ap
First, to the lead. Tesla is raising money, they have expanded their offering to raise 140 million more than they already have. What will they spend it on . Why are investors excited . I am joined by our panelists. I want to start with why are people so excited . The reason they are spending this money, they are spending it for the growth on the model 3, they are seeing this and see this pentup demand for their products. That sends a strong signal to the market level of growth is coming down the road. That is why people are excited about this. Emily the same time, eric, they made it clear that they will not be able to make as many cars as they thought they were going to make this year, isnt that cause for concern . Eric the development of a vehicle can cost a billion dollars and takes many years. It is not just for the current environment that they are worried about this. It is the development of the model three and other future projects. You need capital well ahead of time to finance
4. One of the brains behind it joins us on bloomberg west. Alibaba is turning up the heat on netflix, amazon prime and hbo go, entering the video streaming market. Jack ma is building his own aversion in china and it will have its own original content and programs bought overseas. Alibaba has been on the hunt for new Revenue Streams and has been trying to tap into their online video market, but will he be able to compete with more established streaming competitors inside china . Join me to discuss it, we have the wedbush managing director and the bda china chairman and from new york, jeff from polaris advisors. I would like to lay out the landscape in china as it is now because alibaba would be a very small player in this market. It something . 10 has already been doing. Guest both 10 send and by do have been doing these forever. Alibaba is kind of late to the party, but it is growing at such a fast rate now and the opportunity to use video to sell things is a big part of the plan. Emi