together. the bank of england says it may be time to tighten soon. more like two and through. scandal forces steve wynn is from the helm of his empire. and, a tsunami of earnings reports. i am pretty confident with the capacity to deliver in our business. we will stay disciplined within the capital framework. we are interested in being the most profitable. it is all ahead on bloomberg best. ramy: 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% for the year. 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 suggests for the first time it was about r
but first, to our lead. snap spiked after a blowaway fourth-quarter earnings report, with revenues topping estimates for the first time since the company went public almost a year ago. the earnings were buoyed by momentum in the ad business and user growth. snap said fourth-quarter sales jumped 72% to $785 million. its daily active users are up 18% from one year ago. we broke it down with a market analyst and a bloomberg reporter sarah frier, who covers snap. 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. the price of ads has gone down, but the volume in the amount of time people look at these ads is going up, so snap has been able to really 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, pe
open. a last-minute compromise comes together. the bank of england says it may be time to tighten soon. more like two and through. ramy: scandal forces steve wynn is from the helm of his empire. and companies around the world release a tsunami of earnings reports. i am pretty confident with the capacity to deliver in our business. we will stay disciplined within the capital framework. we are interested in being the most profitable. ramy: 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% for the year. last week we had the selloff occur in the context of a monotonous rise in treasury yields, whereas today yields ha
be time to tighten soon. more like two and through. scandal forces steve wynn from the helm of his empire. and, a tsunami of earnings reports. i am pretty confident with the capacity to deliver in our business. we will stay disciplined within the capital framework. we are interested in being the most profitable. it is all ahead on bloomberg best. ramy: 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% for the year. 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 suggests for the first time it was about risk management and position reduction. perhap
but first, to our lead. snap spiked after a blowaway fourth-quarter earnings report, with revenues topping estimates for the first time since the company went public almost a year ago. the earnings were buoyed by momentum in the ad business and user growth. snap said fourth-quarter sales jumped 72% to $785 million. its daily active users are up 18% from one year ago. we broke it down with a market analyst, deborah, and a bloomberg reporter sarah frier, who covers snap. 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. the price of ads has gone down, but the volume in the amount of time people look at these ads is going up, so snap has been able to really make this work for them this quarter for the first time. emily: deborah, what is jumping out to you? we know they have been doing a lot, the who