Day. You can see the hang seng was down by 2 the kospi in south korea, where the closest to these concerns is located, is down by 1. 7 in europe there are also concerns playing out there the dax down by 0. 4 all the other averages down by 1 or greater. Biggest declines in spain, the market there down by 1. 4 . If you check out crude oil prices, the iea releasing a new report saying that Global Oil Demand will grow more quickly than expected this year. Thats not helping prices which are still down by 37 cents. Here are the big stories were watching shares of snap are sliding after the social Media Company reported a bigger than expected loss snap lost 16 cents a share last quarter. Revenue coming in at a lighter than expected 1 181 million the company added fewer daily active users than anticipated. Ceo evan spiegel addressed concerns on the Conference Call. We have always been last to market, competing against giant companies, weve been able to grow our business in markets that are hig
The housing market. Chinas new loans may have hit a record in generate. Sources say initial Government Data shows new lending with near or above the previous monthly record of 364 billion. The credit storage highlights the challenge policymakers face in reducing leverage and deflating access bubbles. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. You are watching bloomberg. Lets get a check of the markets. Afternoon trading getting underway in hong kong and china. The hang seng index unchanged. Cory im cory johnson in for caroline hyde. Who is in for emily chang, i am still cory johnson, this is bloomberg technology. 97 Tech Companies take a stand as San Francisco becomes ground zero in president trumps travel ban. Plus, we will chat cap into Virtual Reality. A detailed look on who will be banking off of Virtual Reality. Uber is researching floating taxis. We will talk to the man who literally wrote the book on ubers flying car
There. So much more to talk about, but i hope to check in with you over time. I hope so, too. David, appreciate your time. Bob bakish, ceo of viacom. Carl, back to you for the start of squawk alley. Good stuff, david. Thank you so much, david faber. Its 8 00 a. M. At twitter headquarters in san francisco, 11 00 a. M. On wall street, and squawk alley is live. Good thursday morning. Welcome to squawk alley. Jon fortt, sara eisen and myself at post 9. Dows up 101. Record highs for the dow, the s p and the nasdaq, as yields and retailers are climbing. Weve got this meeting between the president and key Airline Executives in washington, d. C. For that well go to phil lebeau. Hi, phil. Reporter hi, guys. I want to bring in gary kelly, ceo of Southwest Airlines. Thank you for joining us after coming out of a meeting with the president. Give us a summary of what you talked about. This meeting went on longer than you expected. It went on it was a very good meeting. We talked to the president an
Good morning. Welcome to squawk alley. Im jon fortt with post nine, sara eisen and wilfred frost. Worldwide alley we can call it this morning. Like it. Squawk exchange. Lucky wilf another hour with me. Meantime top story stocks tumbling here you might have caught early in the premarket action this morning after Trumps Health care fail. So whats next for the markets as it weighs its next step in washington . Joining us now to discuss it, terry haines, evercores isi political analyst. And joining us ceo of labenthal holdings. Welcome back. Thank you. Lets start with the narrative in the markets that the first test of the trump agenda doesnt bode too well for the next pro growth policies like tax reform and infrastructure. Is that right . How are you telling your clients to trade it . Well, what were telling clients is the story is still to be written. I think this is a stumble and not something thats irreversible politically. But congress and trump have about four to six weeks to execute
To the campaign trail for our top story. Five days to go until the president ial election. New National Polls show Hillary Clinton once again pulling ahead of donald trump as both candidates set their sights on swing states in the homestretch. John harwood is live in lima, ohio weather the latest. I want to step back for a minute from this strongly republican county, al lep county where lima is located, to look at the national picture. Donald trump has fallen two points behind in the Washington Post poll. If you look at the nbc news battleground map you can see Hillary Clinton is either solidly or slightly leaning in enough states to get her over the 270 electoral votes she needs to be elected president. Now, donald trump tends to do better when he follows the direction of his Campaign Staff and stays on script. In fact, donald trump yesterday was musing out loud about that. We are going to win the great state of florida, and we are going to win the white house. Were going to win it. I