Facebook said it will add 3,000 new employees to monitor videos to watch for the most awful content. Murder and suicide and pornography and shut the videos down before they hit your feed. We were struck by two things. One, is 3,000 additional eyes enough . Millions of video flow into facebook. And what a job. How can anybody do that . Henry chang spent hours looking at video like that of founder of open access epo, which may or may not be the outsourcing Company Facebook is using to screen the videos joined by John Schwartz of usa today. You couldnt tell me if you were. Youre under nda. Absolutely. Are you the company . [ laughter ] no comment. I want to play poker with you later. 3,000 just speaking generally about this with facebook adding 3,000 people to watch these. Is that enough . Absolutely not. I mean, just some figures out there facebook has videos, photos, and just photos alone of over 3 million a day. And on just per feed basis, over 4. 5 billion piece of information. Absolu
On thetop of the bottom line profit hit by a fine from the European Union that Conference Call is kick off now. Gene munster is manning the red phone. Josh lipton is out in San Francisco. He spoke with alphabets ceo, so, josh, we kick off with you. Melissa, digging into this report briefly here, a couple numbers stand out, one is revenue from Google Properties 18. 4 billion, thats search, youtube. Talking to Aaron Kessler of raymond james, obviously as he points out, thats the highest marg margin businesses for the company up 20 pk he also pointed out reasons for concern in the report. Traffic acquisition costs, what the company is paying their partners for mobile traffic. Obviously when thats rising, can pressure overall margins a couple other key lines here that stand out, other revenues remember, that includes cloud, play, hardware, that clocked in at 3. 1 billion. And other bets revenues. Everything from selfdriving cars to nest Smart Thermostats operating loss of 772 million final
We are finally in the green so how are we holding up . Julie we are not making up the losses we experienced in europe or the u. S. Over the last couple of days and stocks are coming off their highs to some extent but its a healthy rebound today. The nasdaq is leading the gains. We saw strong selling volume over the last couple of days and volume is still elevated in todays session but not as much as its been. This is volume by group. Trading by them is about 25 above the average. There is a big gain and buy them of the financials are you also the industrials. We have been watching bond yields. We have been seeing the reversal there as we saw a big drop in yields yesterday. Mostly they are coming back up today with the exception of the japanese 10 year yield. Selling within the u. S. And u. K. Market is not the same magnitude. We had a big sea change in the fed funds futures and the expectations for a rate rise this year. The expectation for a rise coming up in december and you see the
Ers weighing on the index today. Yen paring some gains as well. I think we are still off from the session lows and doing a little bit better. The macro concerns and focus, china being one of them. Reducing that risk, but that was the big thing that triggered a lot of the scariness in the mood among investors when it loaded by the most in six weeks. When it comes to the currency, we are seeing that is taking , fuji,on exporters subaru, toyota. Tdk also falling 3 . Looking ayen, things little less strong. We are paring some of the strength we saw this morning. Gold we also saw falling a little bit, pretty much flat. If you look at the year to date of where cold has been, the bullion called a superhero. It could rally as much as 1400 an ounce if this risk aversion intensifies. It has been the best performer among commodities this year. Two minutes past 11 in tokyo. ,onda announcing a shakeup quality concerns persisting eightyear year after the carmaker replaced its chief executive. The cu
Importance. You would rule out the possibility of using Nuclear Weapons against isis . I am never going to rule anything out. Nejra it is all straight ahead on bloomberg best. Nejra hello and welcome. I am nejra cehic. This is bloomberg best. Its a weekly review of the most important business news, analysis, and interviews from Bloomberg Television around the world. In retrospect, this week has been dominated by tuesdays tragic terror attacks in brussels. On monday, attention was focused on Silicon Valley and a major Product Announcement from apple. Unveiling a new iphone at an event in cupertino with a smaller screen and a smaller price tag, starting at 399 for the cheapest new iphone ever. What are your big takeaways . I think its just interesting. I was making an analogy with the golden state warriors. Rather than go big or go home, the old traditional basketball adage, they found that small ball works well for them and they won a world championship. You can see apple tried the same