Chinas hna group is offering the countrys most expensive shortterm dollar bond as it struggles with soaring finance costs and maturing debt, withholding a 363 day bond at 9 . Global news 24 hours a day, followed by more than 2700 journalists and analysts. This is bloomberg. Lets take a look at the markets, trading getting underway in hong kong and china. Chinese stocks ever treated. The shanghai, up ice extents of 1 . Up by 6 10ghai comp of 1 . This is bloomberg. Emily i am emily chang, and this is bloomberg technology. Coming up, facebooks third come thirdquarter numbers shred expectations with the fallout from the tech industry. Bloomberg has the numbers and Mark Zuckerbergs warning about profitability. Tesla also reported thirdquarter results with disappointing numbers. We will review the production setbacks for the highly anticipated model three. A Bigger Picture emerges with the sophistication of expertise behind russias influence campaign. We will show you use some of the ads is
Friday. Paul manafort and his longtime business associate rick gates will remain on house arrest, at least through the weekend. A trip kicks off on judge declined a request from manaforts lawyer to remove gps monitoring. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Im emily chang. This is Bloomberg Technology. Apple beats estimates for the fourth quarter, just as the most advanced iphone ever begins selling in Stores Worldwide. Details of my conversation with tim cook as the clock winds down to the official start of the iphone x era. Alibaba shatters Second Quarter forecasts on its earnings day and plans to go full steam ahead the rest of the year. How chinas ecommerce kings expansion into new businesses helped nearly double revenue. My wideranging conversation with former twitter ceo dick costolo. His take on holding big tex accountable for the big tech accountable for fake news on their platforms. First
For the first time in ten years. It begins with tax day on capitol hill after an unexpected delay yesterday, House Republicans set to officially roll out their tax reform plan this morning plus, dead serious about russia facebooks ceo, Mark Zuckerberg, promising increased efforts to police content on the social media platform and trouble for tesla, the automaker missing a model 3 production goal, reporting its largest ever quarterly loss. Right now, House Republicans and ways and Means Committee chairman kevin brady meeting on capitol hill as they get ready to reveal their tax plan. It calls for a corporate rate cut to 20. The repatriation would be 5 cash, 12 other assets, 30 of passthrough income subject to a lower rate there would be four tax brackets for individuals, the top rate remaining at 39. 6 and a phaseout of the estate tax. The journal saying that corporate will be permanent, with no phaseout although this has literally changed four or five times in the past day or two. I th
Down to 67 basis points today. Road map begins with the year of trump. One year since donald trump historic run, is there still room to run for the stock market rally that followed . A snap lifeline tencent posts a 10 stake. A snapchat redesign. A president ial warning to north korea, do not try us we will go live to beijing, the latest stop in the president s tour of asia it was the year ago today that donald trump was elected president , market history has been made with stocks constantly hitting record highs since the trump election, the nasdaq is up 30 and s p a 21 gain guys, if you look at first years of incoming president s, its third behind kennedy who had 26 his first year and bush 41 had 23 were going to look all morning long at the impact on m and a and how the tweet moved individual names. Its worth talking about. Lets get one thing straight, the rest of the world has been good too i dont want people to say if they hadnt been in america i do think theres an atmosphere that c
Venture. Shares of snapch. N. A. P. Are bigr after recent quarter dau below estimates as company says its redesigning the app to make it more user friendly here is the conference call. Were currently redesigning our pricks to make it easier to use. Theres a strong likelihood the redesign will be disruptive to our business in the shortterm we dont know how the behavior will change when we use updated application. Were willing to take that risk for what we believe are substantial longterm benefits to our business. You have ten cent Chinese Company behind we chat taking a 10 stake in snap. Dick, youve been on before, said extremely nice things about evan as product guy. How do you character eyes this adjustment hes trying to make after already gorg public. Ill tell you, a couple of things jumped out at me from the call yesterday one, look, over 170 million daily active users is a lot of daily active users with that volume, i know its small in comparison to the numbers out of facebook, but