I dont consider myself a journalist. No one else would consider myself a journalist. I began to take on the life of being an interviewer even though day job and was running a private equity firm. Define leadership . It that makes somebody tick the c. E. O. Of uber for how long now . Dara two years. David you enjoy it . Dara i love it. David when you came in the was not a public company. Youve taken it public . Dara yes. Avid youve received a lot of publicity about the ipo. Obviously, you know that. He company now has a higher market capitalization, roughly 72 billion, Something Like that market capitalization than any company in american capitalism history except for in this short a time after its ipo. So many people criticizing you for having added cap . Illion market dara i think there are many critics out there especially for companies. Thats a fact of life. I do think whats different some of the Technology Companies of our generation that the socalledlic, stayed , is that weve at i
Of that. Marriott and hilton is down on a downgrade. The 10 year yield is backup to 2. 06 before the powell testimony tomorrow and plenty of fed speakers today and later in the week. Guy absolutely a firm focus on the fed. European stocks are down again. Stoxx 600 down by 1 . Cable is breaking lower again today. The reason for that the politics, probably more importantly core retail data out of the u. K. Today ahead of gdp tomorrow. Looks like the u. K. Economy hit a brick wall in the second quarter. The market is pricing and more rate cuts from the bank of england. By anothernk down 2. 32 . It was a little worse earlier on. It rallied a little bit, but down hard since that plan was announced. Vonnie fed chair Jerome Powell delivering the opening remarks on the recent Bank Stress Tests at the boston fed conference earlier today. His remarks come a day before his today testimony to congress, with investors expecting powell to pave the way for a socalled insurance cut. Here to discuss no
Sonali welcome to bloomberg markets. Lets look at the markets quickly. We have a lot of red on the screen. We have the s p 500 now down about one half of 1 . The nasdaq 100 is seeing bigger can kleins. The russell 2000 even more than that. Its now down about 1. 5 on the day, quickening its losses and thats on the back of higher yields. The twoyear yield just flying higher. Its above 4. 67 on the day. Thats a three basis point move. You have to remember how far weve come. We will dive into the Economic Data we had this morning that is driving the yields higher. Michael mckee joins us now to bring us up mike mike to date. This is a nerd indicator. Business inventories are just out at the moment. Its not a really good number. 0. 0 after a 0. 3 increase the month before. That is down from 0. 4 . It suggests the u. S. Is not building inventories as much as people might have thought. There was a feeling that because gdp has shown inventories declining for the last months that we would see fa
Topping the tape on a chinese tech name, and two left beats, the reason foot locker dropped 30 today. Im melissa lee live from studio b on the desk tonight. Tim seymour. Markets meantime, managing gains across the board as investors look to recoup yesterdays losses, though all three indices did close well off the days highs. Fed chair Jerome Powell reiterating that the central bank is not ready to cut rates just yet. Well get more on that in a few minutes. We start off with a last minute lifeline for new York Community bank corps. Shares were down as much as 42 today before the regional lender announced it had secured a billion dollar investment, led by the firm of stephen mnuchin. Shares managed to close a day higher, 7 1 2 . That is less than 25 cents higher. For the latest details, leslie picker who joins us on set. What a roller coaster day told. It was a fascinating turn of events for this company. New York Community bank corps, ink a deal. Those investors buying common and conver
women com welcome to our vi the united states and around the world. we begin with the race to find survivors in turkey and syria more than 24 hours after an earthquake that has killed more than 5,000 in the two countries. the 7.8 magnitude quake and its powerful aftershocks collapsing more than 5,000 buildings. aftershocks are still creating treacherous conditions for rescuers who are trying to reach victims trapped. a massive international rescue effort now under way. and salma abdelaziz is live for us in istanbul. unfortunately the death toll is expected to rise. reporter: it is expected to ric rise. and you have rolling pictures right few on turkish television 24 hours of the search and rescue operations as families listing member after member that is missing. it is those families that turkish authorities are desperate to bring answers to. this is the critical window right now, this is the 24 to 48 hours after the earthquake where there is still a glimmer of hope that th