and i m courtney reagan in for sara eisen thanks for joining us today. this monday morning after the super bowl, if you re up, you might be a little tired. but may also want to be somewhat elated if jim is watching i hope he s asleep after a big night of celebrations. if he s not, congratulations to him and all eagles fans. let s get to the markets a roller coaster ride last week particularly when we saw the dow sell off 2.5%. the nasdaq and s&p both down 2%. for the week as a whole, the dow was off more than 4% nasdaq down 3.5% and s&p in between those two dow about 127 points, nasdaq 12, s&p, 9, clearly much more muted than that massive selloff we saw on friday. worth pointing out on friday, all 11 sectors were lower for the week energy materials were the worst. health care and tech also pretty bad. and yield has been a crucial factor for markets over the last couple of weeks. the fact that yields have been rising have spooked some investors. they got to 2.85 on friday
seoul.will be live in the bond route continues. the contagion when it comes to equities playing out in the asian session. we had that 600 point drop to the dow. asianf extended in the session. a huge week when it comes to the data. four central-bank meetings. you have australia, central-bank in the philippines and looking at the reserve bank of india. very interesting to get any policy reaction to that fiscal situation of the tell by the latest budget. in the meantime, looking at treasury yields and the features looking at more downside and this is playing out in a negative way in asia. 30 minutes out from the oven in china and hong kong. hang seng looked at the barometer when it comes to the bearish sentiment in this world as part of the world. david, we re watching everything. there are a lot of trades play ing out. david: it is getting worse as we speak. markets open at the moment. on a markets like taiwan flip. we will at teachers on a significant decline. a lot of centr
the doe says it may be time soon. two and through. scandal forces steve went from the home of his empire. and, a synonymy of earnings reports. i am pretty confident with the capacity in our business. we will stay disciplined within the capital framework. we are interested in being the most profitable. on bloomberghead best. hello and welcome. i am ramy inocencio. this is bloomberg best. of the mostreview important business news, analysis, and interviews from bloomberg television around the world. investors enter the week on edge after the dow dropped 2%, then on monday the plunge continued. the dow jones industrial average losing 1175 points, a four .6 percent decline, now off 1.5%. last week we had the selloff occur in the context of a monotonous rise in treasury yields, whereas today yields have come off a little bit. it suggests the first time was about risk management and position reduction. about earnings, and it has been about earnings for the last week
the bank of england says it may be time to tighten. scandal forces steve wynn from the home of his empire. and, a tsunami of earnings reports. i am pretty confident with the capacity in our business. we will stay disciplined within the capital framework. we aren t interested in being the largest but being the most profitable. it is all ahead on bloomberg best. hello, and welcome. i am ramy inocencio. this is bloomberg best, your weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. investors enter the week on edge after the dow dropped 2%, then , on monday, the plunge continued. the dow jones industrial average losing 1175 points, a 4.6% decline, now off 1.5%. last week, we had the selloff occur in the context of a monotonous rise in treasury yields, whereas today yields have come off a little bit. that sort of suggests for the first time this was about risk management and position reduction.
snap spiked after a blow away report,uarter earnings with revenues topping estimates for the first time since the company went public on most a year ago. the earnings were buoyed by momentum in the ad business and user growth. fourth-quarter sales jumped 72% to $785 million. we broke it down with the with alyst market analyst and a bloomberg reporter. what did snap get right this quarter? well, they have been transitioning their advertising business to make it more automatic, more programmatic, selling ads automatically, which means they can have a bigger base of advertisers. down,ice of ads has gone but the volume in the amount of time people look at these ads is going up, so snap has been able to make this work for them this quarter for the first time. deborah, what is jumping out to you? we know they have been doing a lot, the whole redesign, perhaps we are seeing some of the results of that, but what do you think is really driving these results? you know, i thin