Not surprised. Erik in the midst of political turbulence, business and financial leaders seek out solid ground. We need to maintain optional option analogy. Erik and positives in new policies for u. S. Automakers. This is something we can do to be more effective and more efficient, and in the end, i believe it will have a greater impact on the environment and we will be more efficient. Erik it is all straight ahead on bloomberg best. Erik hello and welcome. I am erik schatzker. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Many of this weeks most important events have been on the calendar for months, notably centralbank policy meetings, but on monday, political surprises were the order of the day. We have some breaking news because the Congressional Budget Office has released its scoring, its assessment of the house gop alternative to obamacare. Some of the big headlines, the bill wou
Host and joining us this week on the communicators is steve bene, general counsel for pandora media. Mr. Bene, how did pandora get started . Guest well, first, thanks for having me. This is a tremendous honor, to be included on the show. How did pandora get started . Back in 2000 our founder, tim westergren, had the idea because he had been a composer for film. And when he went and talked to directors that he was supposed to compose film scores for, they would always tell him they wanted something that sounded like this meets that, or, you know, some kind of sound that they had in mind that they would reference off an existing musician or a band, and he would go back and try to create Something Like that. And when he decided that he didnt want to be a music, film composer anymore, he instead thought, wow, wont it be interesting if you were able to walk into a record store, and when you knew you had an artist or a band that you liked, but you didnt know a lot of new artists that were br
Counsel for pandora media. How did pandora get started . Guest first, thanks for having me. This is a tremendous honor to be on the show. How did pandora get started . Back in 2000, our founder Tim Westergren had the edge here because he had been a composer for film and when he went and talked to directors that he was supposed to conform some sort, it sounded like this is some kind of sound they had in mind off an existing musician or band. He would try to create Something Like that. When he decided he didnt want to be a film composer anymore, he instead thought it would be interesting if you are able to walk into a record store when you had a band or artist you like that you didnt a lot of artists that were breaking or anything like that. If you were working to a kiosk in that store and punched in the name of the band you like and put on the headphones and the kiosk could tell you samples of songs because youve indicated he thought a particular band or artist was a favorite. That was
About brexitrelated stuff, but one interesting thing, because less solar city, investors giving that a thumbs down. Solar city only ending 3 . Looking at tesla, down 10 . Pretty negative reactions so far. Alix pretty ugly for tesla. In terms of what i want to focus etf herea look at the in the u. S. That tracks u. K. Stocks three this is a five day chart three we have actually seen a rally up 6 , despite the fact we are heading into this vote. With the volatility, the five year high, shows a swing. Vix index in a lot of crises we have had over the last eight years, the chinese devaluation of the one they are passing the volatility we see now. Volatility heading into this u. K. Boat. Joe is it complacently about the results . Alix i do not know, it is fascinating, though. And lets take a look at u. K. Yield, they have been rising a little bit, the same story as equities. This is a oneyear chart, a bit of an increase in yields is a sign of optimism, because it means people are coming out
Opens in percentage terms. S p would open down about 3. 5 . Dow futures down by 2. 7 . The nasdaq down 3. 4 . Counterfactual here from the fear mongers. I think the sun will come up tomorrow. The european markets are having a rougher go of things this morning. Ftsi down, the dax over a 6. 5 . The cac in france down 7. 9 . Italy stocks down close to 10 and in spain the ibex is over 10 . Concern about weaker potential economies what would happen if after brexit the rest of the European Union starts to fall apart lets start working on. We have grexit as a word. Italianexit. Spanexit. Portugo. We need to start working on the signs. I think its already gone someone told me. Some that ugly looking thing. Lets look at the currency markets that is where much of the havoc had played out again. The pound had gone into this on the assumption that this vote would go and the uk would actually remain. As a result we saw the pound almost at 150 yesterday. Right now down by over 6. 5 to 139 but went a