John considering ge does business in every country on the planet. Jeff people see globalization from 30,000 feet dont know how globalization works. John and immelt even talked about his own future. Have you thought about life after ge . John all that and all that and more coming up in my conversation with jeff immelt. Trumps ban on people from some muslim countries being able to visit your head office. What is your reaction to it . Jeff i sent something out to all of our employees because we have a lot of people who live outside of the United States and they are afraid of what is going on. We speak out to say, gosh, we understand that safety is really important. But we also want to be able to be but we also want to be able to work with the people of ge, and still travel in and out of the United States. And we dont want to lose our contact us with customers around the world that want to buy products, not just from ge but boeing, caterpillar, u. S. Manufacturers. Again, we set our peace
Global trade debate. And exclusive interview. An exclusive interview. People who see globalization from 30,000 feet dont know a thing about how globalization works. Alix the drumbeats stayed loud and strong with a slew of quarterly reports. We never rule out any instruments, and our toolbox is rich. The revenue is the story and this is driven by new product introductions. You will see that our strategy is starting to pay off. Alix it is all straight ahead on bloomberg best. Alix hello and welcome. I am alix steel. This is bloomberg best. Your weekly review of the most important Business News, analysis and interviews around the world. This was a critical week for global monetary policy. The decision coming from the fed and the bank of england. On monday, u. S. Immigration policy dominated discussion. President trumps immigration clampdown continues to spark a global backlash. Allies from the u. K. To germany condemned the move, and Major International Companies Said it threatens to stra
John considering ge does business in every country on the planet. Jeff people see globalization from 30,000 feet dont know how globalization works. John and immelt even talked about his own future. Have you thought about life after ge . John all that and all that and more coming up in my conversation with jeff immelt. Trumps ban on people from some muslim countries being able to visit your head office. What is your reaction to it . Jeff i sent something out to all of our employees because we have a lot of people who live outside of the United States and they are afraid of what is going on. We speak out to say, gosh, we understand that safety is really important. But we also want to be able to be but we also want to be able to work with the people of ge, and still travel in and out of the United States. And we dont want to lose our contact us with customers around the world that want to buy products, not just from ge but boeing, caterpillar, u. S. Manufacturers. Again, we set our peace
Sharing how americas biggest money manufacturer returned. First to our lead. This week, longawaited ipo. 3 million dollars. 4 billion in the ipo. Worth 25 billion for those familiar. Snapchat is the First Social Media Company to go public since three years ago. Is company ipo prospectus giving a first look. Ipoaught up with the reporter. And the managing director. Was looking at a revenue of 464 million last year and a net loss. You can see theyre just how much cash the company is burning through. I bring that up because we have seen the revenue numbers but we did not have it a sense for how much they are having to spend to get there. They will have to take into it account, can i balance the amount they are spending with the opportunities being pitched to me when i am trying to get to 25 billion evaluation. Looking at the Business Model in general, there are losses at the moment but the evaluation we do you see . What i started looking at the risk factors. There are a lot of familiar t
Giant. Plus, courtroom grilling the Trump Administration defending its use of executive power and the travel ban before a federal Appeals Court. Social medias in focus. Facebook and twitter getting some upgrades ahead of earnings tomorrow. First up though, a bunch of earnings to get to, time warner a beat on both the top and bottom line. Alaska air also beating the street announcing an increase in the Quarterly Dividend ahead of the meeting with airline ceos at the white house tomorrow. Big report focused on is disney, revenue falls short of consensus, rising costs as we said, declining viewership at espn weighing on the results. Here is bob iger last night talking to our Julia Boorstin. I think theres way too much pessimism about espn because espn is still in demand from three constituents you want to be in demand the most from, one, distributors, two, consumers, and three, advertisers. And the reason its in demand is the brand is still strong, the product is still good. Weve invested