Thailands first new monarch in seven decades. He will be known as global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. This is what we are seeing in the afternoon session in asia. A lot of gains getting given back amidst concerns of u. S. Payroll members as the italian referendum adds more risks on the horizon this weekend. This is bloomberg. Emily i am emily chang and this is bloomberg technology, coming up, dark clouds over start of land. Well speak to ryan hoover and mexicossive with richest man lays out his views on donald trump. Mexico and the biggest threat to his telecom empire. After lagging in that navigation, apple gets serious about taking on google maps and in list backup from above and lists backup from above. Angellist is buying products and shop. Ate a one stop they use that to raise money from investors and product hunt is a popular site from entrepreneurs. It had already counted angellist s ceo a
Is out, but john, mike, and me, post nine for the hour as the dows trying to repair early damage down about 30 points right now. The big story though, some of the redstone coming out on the battle for viacom. Sources tell us the deal is in place bringing to an end nine months of legal battles. Sumer in and his daughter are coming out on top. The settlement posted three lawsuits under way without putting to test the mental competency which has been called into question. The sources tell us viacoms ceo will step down immediately and coo tom dually will become interim through the end of september. He is not exactly losing. Hell receive a 72 million severance package, and thats on top of 491 million hes brought home in compensation from his past decade at viacom. Now he is among the most highly paid ceos despite the fact that viacom vastly underperformed the s p 500 and sumer in red media giant cbs. He has until he steps down as executive chairman on september 13th to prevent his proposal
Im scott mcgrew. When it comes to american independence good news. Lots of natural gas. Bad news, natural gas is not the kind of gas you need for your car, not without significant modification to the car, but what if you could modify the natural gas . A San Franciscobased startup sald siluria is turning natural gas into gasoline because natural gas is so inexpensive the company says it can manufacture gasoline for 1 a gallon. Investors love the idea. The company has raised 100 million in funding. Ed deneen is ceo of siluria. Has 35 years of experience in the petro business joined by david baker of the San Francisco chronicle and hanna kuchlor of the financial times. Considering i got a c in chemistry, is this chemistry or alchemy, something nobody else has done before or somebody that really knows Petro Chemicals knows what hes doing . Well, the chemistry is actually old. Its been around 40 years or so and the industry worked on it 10, 20 years, you know, so 20 years ago and was not su