My name is Audrey Stewart and im excited to welcome you to the event with Rebecca Henderson talking about her book reimagining capitalism in a world on fire. She is joined tonight by paul solman. This is part of our Virtual Event series, we are glad to bring luminary offers a to the community during these unprecedented times. Every week we will be hosting events on the broadcast stage in our Event Schedule will appear at harvard. Com and you can find out for our email newsletter. We have a ton of great events coming up, dont miss out. If you enjoy tonights event and once more, next monday, may 11th, robert reich will discuss his new book. We conclude with time for your questions. If he would like to ask the author something, go to be asked the question but not the bottom of the screamer you can submit your question. At the bottom of the screen during the presentation you will see a link to purchase your copy of reimagining capitalism in a world on fire. All sales support Harvard Bookst
Abigail the s p 500 clearly outperforming, up 23 , on pace for its best year since 2013. The Energy Sector is a positive at this point this year but up 6 . Looking at beatendown sectors to get some ketchup potential. Energy is one of them. Some traders are going that way on the day. Renita im taking a look at marble technologies, which is rising to its highest since august, upgraded to outperform from market perform at wells fargo. Gary mobley says he has seen a we exhibition in the Data Center Capital expenditures. To put it in perspective, the stock is up more than 65 so far this year. He says marble is seeing robust demand for components from 5g base stations to nokia and samsung. That the company can generate 600 million in 5g customers. Its they also expect to see this demand for 2019 and 2020. Taylor i am looking at shares of uber. Set theing enough, lyft bar pretty high last week after they had pretty tough top and bottom lines. The pressure is on now really uber as they look to
Not participating. He reports suggesting iphone sales in china have been disappointing, even so every sector today out of the smp is higher, its been a broadbased rally, even as Interest Rates have crept modestly higher. There is your sector heat map, a look at whats going on inside the market. It does take us to our talk of the tape, rally on, or rally soon over. Lets ask hightower stephanie lee, shes here with me in Beverly Hills, also a cnbc contributor, how about that question . Do we rally on, or is this rally seemed to fade . I think we rally on. Seasonally youre in a strong position, theres that, secondly i think the people are coming to grips with inflation has come down, made a lot of progress. Weve got cpi last week, we are a far cry from where we were a year ago, we are almost 12 inflation in ppi and 9 in cpi, and today we got the empire state number, prices paid, that came down. Inflation is still strong, still high, however, were making progress. I think rates have stabili
First. Germanys dax hits a record high as global stocks rally, but guests here in davos warn investors not to be complacent of Financial Risks if everyone is complacent, if nobody sees risk on the horizon, thats when i get most worried and the white house slaps steep tariffs on imports of solar cells and washing machines prompting an outcry from producers in china and skouth korea who accuse the u. S. Of violating wto rules. And sky shares rise after foxs bid is deemed not in the public interest. Fox says it is disappointed but will continue to engage with the regulator. Welcome to street signs. Weve got a long list of guests lined up for you today on todays show, well speak to the chairman of roche. The founder of damek, and well hear from the finance minister over in brazil well have the minister of energy for saudi arabia. The minister of energy of qatar. In a few moments, well head out live to a panel hosted by Andrew Ross Sorkin speaking looking at some big tech issues with a pane
No lapses of decisionmaking surrounding a military operation in yemen that killed navy seal ryan. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im Alisa Parenti, and this is bloomberg. Caroline im Caroline Hyde and this is Bloomberg Technology. Up, thats coming up, airbnbs war chest expands. Plus Julian Assange extending a companies,e complicating an already tense relationship between Silicon Valley and washington. What the street is banking on now. First, to our lead. Airbnb raised more than a billion dollars with the stock of about 100 billion dollars. Bloomberg first reported its plans to increase funding back in december. Airbnb became profitable in the second half of 2016 and expects to continue to be profitable on an ebitda basis this year. Mark, fabulous to have you with us, as ever. Raising and raising and racing in 2016 and they seem to double the overall amount. How much did we know that this billion dollar close w