Twitter shut down 32,000 accounts tied to china, russia and turkey for manipulating the platform. This after joe biden called out facebook for failing to curb misinformation and not taking a stand on political speech, oed i many who watch the by many who watch the social network. The company spends a lot of time outlining Community Standards they are supposed to enforce against all users, and when one particular user comes along who happens to send his posts from 1600 pennsylvania avenue, theres a different standard. In a lot of ways, facebook is too big to fix right now. Facebook has 2. 5 billion users around the world constantly posting in more than 100 languages. That is a system too big to govern. You have one young white man who has one experience in this life who has the control of billions of people, what they see and view. It is wrong. I dont know if he is drunk with power or simply just in a bubble. Us is someone else who has an opinion, roger an author. Ive got to get your te
The stimulus package, but senators still working through some sticking points. It has not passed yet. What is your read . Romaine the market clearly waited on that. Around mid today midday today there was an outline from Bernie Sanders saying he had objections to the bill surrounding unemployment insurance, and he was willing to hold up the bill if these issues were not addressed. That seemed to take some wind out of the rally. We were doing very well up until about then. Day,a little later in the there was some news crossing the wire on apple. Was reported that apple might push back the potential release of the 5g iphone that some any people were anticipating this year. Based on that, we actually saw the nasdaq composite and the nasdaq 100 give up their gains on the day and move into the red, even though the broader market, the s p 500 in particular, remained in the green. But there was concern. Apple was actually up about 5 on the day prior to that, and closed down. 5 . Apple supplie
Mark zuckerberg and Sheryl Sandberg. Thirdparty seller prior thirdparty sellers on amazon are jacking up prices. What they are doing to crackdown on illegal price gouging. But first, thousands of passengers waiting in isolation in a cruise ship off of San Francisco and waiting for the results of coronavirus test. Hastime, the city of boston canceled southwest by southwest. The markets have regrouped. Rally ands it curious left higher after dominating the fear of the spreading of the coronavirus. To give us a better picture, were joined by michael regan. Why the surprise turnaround . Is indicative of what we have seen in that wild springs for the upside and downside. We often see unexplainable moves both higher and lower. It is interesting that tech as did theeek higher s p 500. There is some soulless to take but monday isnd, another day and it is not going to be too surprising to see next week. What is the message that investors are taking away from this . I think there is a lot of ino
We are down by about 5, 6, 7 . European stocks off by 5 , 6 . Dollaryen was treading trending towards 100. Moving to treasury has been tremendous. 45 basis points on the 10year, german bun yield german bunds yield down two basis points. Theseonly down 23 , but are historic moves in the markets. To get another read on how the s p might open up, we want to look at the five biggest stocks within the s p, and they are now down between 5 and 6 . We want to update you on the global exchange. We will bring you all of todays market moving news from all over the world from hong kong to london to rome. All bloomberg voices are on the ground with top stories. We will begin with market action, particularly in oil, brent crude plunging 31 , the biggest drop since the gulf war in 1991. Joining us now is Annmarie Hordern. Annmarie we are seeing a massive selloff, unprecedented in the oil market. We have between shots. At the same time we have demand destruction across asia, in europe and the united s
Warning against seating Telecom Infrastructure to china. We get reaction to that. And tesla turned our heads this week. Look back at some of the biggest stories in tech. To our top story, u. S. Equities headed into the Holiday Weekend on a positive note after the release of steady figures for retail cells and with investors continuing to weigh contrasting data from china on the spread of the coronavirus. The s p 500 closed at record high after swinging between small gains and losses in fridays session. To discuss todays Market Performance and technology we are joined by laura kane of ubs. To kick us off, i want to take a look i am showing from my terminal. As you know, the trade of 2019 was u. S. Versus the rest of the world. I was speaking with david kelly, the global cio of jp morgan Asset Management who was trying to make the case for over waiting International Equities. Are you still trying to overweight International Equities or do you think it is u. S. Versus the rest of the worl