How did they get hit so hard when Nothing Happened . The absurdity can seem prepostero preposterous. Market wide sale off makes it seem its the best stupid and worst corrupt and drives you away from the asset class. I wish there was a hidden logic, but the truth is your inclinations are right and the action often is every bit as stupid as it appears. There is no way to think of it other than negatively. Tonight, i want to tell you about all the ways stocks can be impacted by forces that have nothing to do with the companies themselves. So you have some grounding, grounding about what might really be driving you crazy. The absurdity of your stocks going down when nothing happens at the underlying companies. So were going to pull apart all the reasons your stocks do go down through in fault of their own. That way youll have a more certain handle on how to take advantage of the big market wide declines because when you know what youre doing, you can make a decline work for you, not agains
American express reports earnings after the bell, but critics say perks are not what they used to be and it is weighing on the dao component. We have a debate on it. How much the credit card craze is happening amongst millennials. Intense, yes. Thats ahead. We begin with ibms fall after reporting its 20th consecutive quarter of year on year revenue decline. The company cfo discussed that when we spoke to him after those results. That 20 quarter headline is probably not the framing that were thinking about. Were thinking about how do we continue to move the business and our clients to get to growth. Now, the portfolio, the portfolio will grow. I am confident that the ibm company will grow again, but it is taking you know, were taking time. Our baub pisani over by the trading post with more. It is weighing on the market today, bob . Great. Good to see you. Theres a new risk to the market and thats earnings risk. We havent had it before. Let me show you ibm. They normally do four million
Administration will take on the Climate Change. And the dollar rises against the yen. The man who commands American Forces in the pacific says the u. S. Remains committed to allies in the region. To scrap or restore nap is the question. People want to have examples of japans unique architecture. Prosecutors in south korea are urging President Park geunhye to agree to be questioned about the scandal thats dogged her over the past few weeks. They say they can wait until friday. Theyre expected to indict her longtime friend who is the centerf the scandal on saturday. Translator it is imperative that we question the president and person. The prosecutors want to ask park about her confidant choi soonsil. They believed choi attempted to commit fraud. Park has admitted giving her access to some policy documents on state affairs. The president s lawyers asked prosecutors to delay the questioning. Translator i need to take considerable time to study the issues and prepare the defense. In princi
Trump. He and Hillary Clinton were also reportedly targeted by russian spies. Mobile news, 24 hours a day hourbyhour 2400 journalists in more than 150 news boroughs around the world. Is next. West emily this is bloomberg west live from the 2016 Bloomberg Technology conference in San Francisco, bringing together entrepreneurs, investors and Corporate Leaders around the globe with minds behind the Game Changing products, processes that will drive the next wave of innovation across the tech industry. ,e heard from a Global Founder drew houston, the twitter share in just a few of the voices of the day, but we will also be bringing you the must watch nextts throughout the hour. Stay tuned for much more coming up on this edition of bloomberg west. First, from its founding google has been at the heart of dysfunction in the tech industry. One of the way they help to continue to drive change is through gb. They have made a range of Consumer Tech advances like uber. They are developing a portfol
Volkswagen hopes to clear the air, since the cheating scandal emerged in september. A very warm welcome to the program. This is countdown. Live from london, i am anna edwards. Manus and i am manus cranny live in dubai. You have a chart. Anna when we need the keep an eye on of course. This is the implied probability of the betting market of brexit. , 25. 68 . Down at 26 last week we went as high as over 40 on this particular measure of whether it was likely or not we would see a brexit. Of course last night, manus was dominated, the heated exchanges at wembley arena, maurice a holding pop concerts, but that was the faceoff between the remain and leave campaigners. It seems that we have some big moves on monday, slightly smaller than yesterday. Now just pausing for thoughts, manus seems to be the way we describe this morning. Manus we are, indeed. The riska look at radar. I think it is fascinating. We have done a little bit of that isour pound index, what you want to look at. What you ha