And mind games. Elon musk flames new technology can read a rats mind. Elon musk announces his latest startup neuro link, successfully implanting wires into brains and enabling a monkey to control a computer. The next goal, human trials. We begin with the hearings on capitol hill. Facebook, amazon, apple, google all appearing in washington to answer lawmakers questions on antitrust, social media, and cryptocurrency. The first to be raked over the coals, facebook, as the Banking Committee fired searing questions at the cocreator of the social Networks Cryptocurrency project. We will take the time to get this right. Wouldnt it be easier and safer if people could securely receive money transfers through their smart phones, just like they do for so many other things today . That is what libra is about. Emily the chief was grilled on tuesday. We caught up with the senator after the hearing. Sen. Warner lets start with the fact that i think Blockchain Technology, even the possibly of cryptocu
Speaks about relations with the u. S. And the nuclear deal. The United States in my view has shot itself in the front. Conversations about the Global Economy at d7 finance meeting. G7 finance meeting. I think we need to be thinking about what happens if there is more than a slowdown. You need countries that have the physical space to come in, stimulate their economies. It is all straight ahead on bloomberg best. Hello and welcome. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. Moneyline monday investors sifted through a slew of data from china. Chinas economy is continuing to slow with sluggish domestic output and trade tensions pulling growth down to the weakest levels since early 1990s. Gdp grew 6. 2 , matching estimates, but below the 6. 4 theme in the previous quarters. It is slowing on a quarterly basis. The take away from to
We choose to go to the moon and these other things not because they are easy, but because they are hard. Emily and we mark the 50th anniversary of the first moon landing. I speak with the captain for moonshot on nasas legacy and why we should not be going to mars. First, to our top story, what else but big tech earnings . Shares of microsoft jumping after strong fourthquarter results thursday. The tech giant has benefited from ongoing strength in the Cloud Computing as your business. And microsoft has extended its lead over amazon, apple, and alphabet for the title of worlds most valuable company. Joining us to discuss, ross gerber, and bloomberg opinions shira ovide. Ross, what is your take . Ross what great numbers. Talk about a Mature Company showing it is still a growth company, and how great the Management Change has been, from ballmer to know della. It has been an amazing shift to the positive for microsoft, and we are seeing it across the board, all their businesses, pretty much
You know, forhe a while stock and bond markets have been focused on three things, trade,r the fed andrate earnings. Today all three issues collided. First, presieant trump rd that the u. S. And china still have a long way to go before the two countries rch a trade deal, and he warned once again that hes ready to slap tariffs on another 325 billion of chinese goods. , seconew report said that retail sales increased more than expected in june, an indication that the consumer is strong. That could change the calculus for the fed and the likelihood of rate cuts this year. Third, earnings reports released so far have shown that Consumer Spending i strong, but business spending is slowing down. New reports like thesean often change a longheld outlook for growth, so we asked Steve Liesman to put together a realtime assessment of the economy. Thats where we start tonight. Reporter well, everyone seems to be expecting the Economic Party to wind down or even end, no one seems to have the told th
This area. Firefighters hope it does not reignite sometime thank you, list sa. A pair of earthquakes rattled the area. They pinpointed the epicenter. The water you see in the background is north of livermore. The first earthquake measured 4. 3. The second one was 3. 5. You can see the big spike that first quake made on our abc 7 si graph when it struck at 1 00 p. M. Today. It was 12 to 13 kim lol tlom. Thats common. Bart briefly slowed trains after the quake stalling passengers about ten minutes. No reports of damage. These children at the school of imagination evacuated following what they had been taught in emergency drills. The school says they quote enjoyed a nice walk on this beautiful sunny day. Abc 7 News Reporter lessee brinkley joins us live from danville with more reaction, leslie . Reporter i talked to a lot of folks down here in the area, nearly everyone has a story to tell. Most people did feel the shaking. For instance in the theater behind me, imagine a darkened theater