Q were relatively flat up slightly, up about 2. 5 points in europe we saw the active trading taking place all of this ahead of the fed meeting starting today the cac is the biggest gainer of the three major averages its up by q . You see gains of a half percent across the board and then if you want to seee1 whats happening in the treasur market here in the United States o0. 042 theres no way bad news is good Morgan Stanley is soenearish yesterday was the mostx boring day i watched ine the markets seeing the bug here and there at thee1 gym or whatever. I would look up. I have to check. E 46 i have to check. Up 46. Is it dog days yet it may be market breaking news. Facebook officially unveiling its cryptocurrency currency plans. Julia boorstin has more on that. Facebook announcing its new Digital Currency called libra. It will make it easy to send money around the world the currency is set to launch the first half of next year. It will be run by a nonprofit in switzerland up like
He knows how to build hype. Commodity crush. Gold futures hitting their lowest levels since april 2010. Live at the nymex on what is driving this precious metal lower. Its the stronger dollar of course. Google on a tear. Have you seen this yet between the two classes of stock, nearly 20 million shares changed hands today. Growth in Youtube Business is top of mind after last nights earnings report. Weve got the cofounder of a Media Company that specializes in youtube talent. We had to brush up on our youtube talent to prepare. You should see the amount of money these people are making as talent on youtube. And the amount of clicks they get. The new york fed says the strong dollar could lead to a hit for gdp. Jan hatzius gives us his take on that the economy and latest forecast for the fed. Lets start with tesla and elon musk with his latest announcement. Phil lebeau has the ludicrous details for us. I know you want to go in the ludicrous mode when you get a chance to. These are all prod
Series planet of the apps to talk about this move lower today for snap and in general back down to the ipo price. A lot to talk about with jeremy liew. And bitcoin investments. Hes hot on bitcoin right now. A lot of that coming up in a bit. Plus, alibaba is hold be an avent to attract u. S. Entrepreneurs. The vice chair of the company joe tsa i will join us for an exclusive interview with david faber to talk about that strategy the latest now out of washington and theres been plenty of House Speaker ryan, are you saw that speaking to cnbc last hour about tax reform heres what he told Brian Sullivan when he asked him if he would support a push for a 15 Corporate Tax rate. I would love it if we could get the numbers to make it work. Do you think you can . Im all for it, something thats actually possible were going to spend all summer long drafting and getting what we call scores, getting the numbers to work. We being the house tax writers, the senate tax writers and the white house and t
Met with the head of the naacp today. Thats after sessions suggested the Justice Department would limit federal investigations of troubled police departments. The naacp say sessions policy signals a troubling decline. Decline in the countrys commitment to civil rights. Vice president mike pence used his personal email as governor. Says theana star account last year was compromised by hackers. An aide said he almost did not deal with classified information. Global news 24 hours a day. I am alisa parenti. This is bloomberg. Bloomberg technology is next. Caroline i am caroline hyde. This is Bloomberg Technology live from new york. Coming up no risk, no reward. Vc bolted to the top tier after being the first to bet on snap. We speak with the managing director. It is her job to make sure they play by the rules. Does the e. U. Have it in for apple, facebook, and google . You will hear our exclusive interview with the eu competition commissioner margrethe vestager. Autodesks first report card
First to our lead. Snap wrapped up its first day of trading thursday. Shares closed up 44 from its listing price. It reached a high of just over 24. 28. Fore closing at the maker of the disappearing photo app ended a long tech ipo drought. We caught up with our Bloomberg Technology reporter alex barinka and sarah frier, who covers snap. If you think about the range, typical ipo, 20 to 30 . This one will have more buzz baked in. If you look at twitter, it was, what . 70plus percent on day one . Facebook less than 1 . When i look at trading and how the stock was around that 25 mark all day, it was stable. We saw it selloff towards the end of the day, but it seemed like a decent way to go out. No one is complaining about the ipo for investors. It has almost tripled its ipo value, facebook down 31 after one year. Twitter, down 10 , now down 65 . Talk us through the managing of expectation. The roadshow was not all smooth. Many questioning the user growth. Absolutely. This is a company tryi