Down five points, ending the about 32 points. But the yen remains strong and it hasnt really changed. And the two and tenyear yeerldz their yields are holding their lows. Today was pretty impressive how close we came. Story was dollar down, literally Everything Else well,m fixed income to, not quite u. S. Stocks. Almost. Thats the story today. Youve got to remember, the dollar down generally kind of would be good for a market that is struggling from earnings that these head winds et cetera. But nevertheless, we missed out on the 21 level. Day that we didnt last very long above 21. The other thing i think is here is, looking at some reversals, in the stock had small caps, which have been outperforming. Now underperforming. Financials that had been doing pretty well the past couple of weeks, now doing very today. Pretty bad stuff. They were caught offguard. A lot of people there that didnt really see this coming. Interest. I think that definitely hurt a lot of people. Financials had been
New model three ahead of tonights unveiling. The line is longer for the tesla 3 than it is for the apple se today. Well tell you how to play the tesla announcement without buying tesla stock. Thats coming up a little bit. I did see pictures of people with tents popped waiting to sign up for teslas. Lets start with the digital disruption facing our nations banks, hours ago the u. S. Controller of the currency sounded the alarm on the risks Financial Technologies pose to banks saying what were trying to encourage is responsible innovation. This coming just as citigroup is out with new research claiming that the Banking Industry could lose up to 30 of its jobs in the next ten years due to the rise of Financial Technology companies. We turned mike santoli on this following the story. What did you find . Both of those things you mentioned, the concern about the rapid growth and unregulated areas and potential loss of jobs is because theres really been this gold rush of Financial Technology
Worst thing to ever happen in Human History and nothing, nothing can possibly be compared to it ever. Well, as i am sure you have heard tom perkin who is the proud owner of the biggest yacht on planet earth and a venture capitalist managed to do it to be absolutely specific in a letter published in the wall street journal, perkins compared the up rest over hightech riches in San Francisco, the attacks on google buses and whatnot to kristallnacht, the night of broken glass. He later said he regretted the reference. Now, normally onings this kind of imbusiness cilic behavior but even his own company could not. Kleiner perkins, of which he is the perkins part wrote tom perkins not been involved in the company in years. We were shocked by his views expressed today in the wall street journal and do not agree. Washington post columnist vivic west spreads the blame, not perkins alone, he writes, but ceos and venture capitalist and even regular employees who have lost touch. With us this morni
Copyrights. The court ruled 63 in favor of he broadcasters. Ice scalia wrote but what is the future of pay tv with this decision . I spoke with John Erlichman who has been following the story from the very start. And joining us is bloomberg contributing editor paul kedrosky. His ted by asking bill take. From the very beginning it was going to end up in the court system. Any type of telecommunication threat, whatsoever, you have two large institutional masses that know how the litigate and lobby and win those types of battles. If you go headstrong into either one of those trying to disrupt, youre going to end up in the courts, absolutely. You have this big investment in uber. Surely you guys have thought about it from the very beginning this is going to run into the commission kind of issues. There is something very ifferent about municipal regulations and federal regulation. In municipal regulation, it is very easy for a mayor, a city council to stand up and say you know what . Those l
But what is the future of pay tv with this decision . I spoke with jon erlichman, who has been following the story from the very start. And joining us is bloomberg contributing editor Paul Kedrosky and bill gurley. I started by asking bill his take on the ruling. I think from the very beginning it was going to end up in the court system. It was designed for that. It really was. The bottome line, whethere youre looking at big media out of hollyword or any type of telecommunication threat, whatsoever, you have two large institutional masses that know how to litigate and lobby and win those types of battles. If you go headstrong into either one of those trying to disrupt, youre going to end up in the courts, absolutely. You have this big investment in uber. Surely you guys have thought about it from the very beginning this is going to run into commission kind of issues. There is something very different about municipal regulations and federal regulations. In municipal regulation, it is ve