Technology. We will hear about their new center in san francisco. And e3 goes wild for fallout 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 version 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 . Joining 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 cent and baidu have been doing these forever. Alibaba is kind of late to the party, but it is growing at su
Now saying the country is willing to European Union has given the ecb president other tools to use in case of deeper prices. Druggie in the ecb did not go too far when it unveiled the Bond Buying Program in 2012. That happened right after he declared he would do whatever it would take to save the euro. Stephanie boeing has extended its lead over airbus on the second day of the paris air show. Bowling pulled in its biggest deal yet agreed to sell 100 of its 737 max jets to the dutch leasing firm. It is almost 11 billion. Boeing has a most 30 billion in sales so far which doubles airbus; total. Five people were killed when an Apartment Building balcony collapsed. Eight people were injured, and some are in critical condition. The average government says some of the young people are just some of the victims are young people from ireland. In hockey, the Chicago Blackhawks have won the third stanley cup in six years. Chicago beat tampa bay 20, winning the bestofseven series 42. Duncan keith
Bloomberg technology conference, including a company and i will introduce you to the nexus of wardrobe. That is all next. We begin with dick costolo. He spoke to his earlier today. Just days after his announcement that he is out of the top job at twitter. The stock fell to its lowest point after a fresh analyst downgrade. Investors are awaiting any sign. He spoke to Bloomberg Businessweek about what it takes to be a good ceo. Great ceos are a balance of resilience gritty and resilient, but selfaware. You have to have that combination. Just as importantly he has this fluency about the way he thinks about the product and the way he thinks about its potential that almost is remarkable. The doubt the skepticism, is this a real search . Whether jack is being queued up as the next ceo because he wants it, the founder, and knows the product, or whether he wants to go out and cast a white net. The board is doing a legitimate search. Lead independent director meeting that. Will you return to st
Good wednesday morning welcome to squawk alley. Im Carl Quintanilla joining us this morning former ceo with us, a mentor at index ventures good to have you with us were down 85 points some of the selling is intensifying although the losses are not huge, the dow and s p are having their biggest oneday drop in about seven weeks. Worst performing sector is telecom. Thats a small sector, big move on at t, causing after earnings miss last night. A few other earnings movers to speak of, were seeing weakness there. Utilities, financials, industrials, broadbased selloff here when it comes to s p. Tech holding up relatively well. Ge getting hit again. Yes opened below 22. Were going to get to the markets with dick in a moment. First up, dick, social media and regulators, twitter saying it will add labels to political ads including who bought them, how much they are spending, ahead of representatives facebook, alphabet and twitter all testifying on capitol hill next week and follows prodder conc
Our tenyear is at a seven month high as durables crash estimates. Earnings from dow components dragging us lower in the premarket. Chipotle sinking double digits a big miss on results last night. Amazon unveils delivery inside your door with a new Smart Security camera. We will fill you in. One day after another record high for the dow coke and boeing beating with earnings this morning. Jim, theres a lot to get to several companies with a socalled triple play meaning they beat on the top and bottom line and raised guides aance. I think that visa doesnt get enough chatter by anyone its been maybe one of the most consistent if not the most consistent company in the Financial Service and tech business once again, it blows things away i was afraid that this would be one of those where it blew it away and people would yawn but it was too good because its double digit we are seeing some quarters i went over 3m ynesterday it was a clinic, it was so good. Some remarkable numbers. We could let