Good morning, carl has the morning off. We want to focus on the state of mna in tech. There has been swings and others that were formally the prey have skyrocketed to valuation thats now give them currency to join the hunters. Between tiktoks impending sale, were seeing now in the second half of the year there is plenty of action still to come. Listen to what bob peck told us yesterday on that front. If you go back to march, it was about two billion. So really it ground to a halt. You saw in june, and it has been a tale of two cities a big acceleration and 3 q over 2q so you have seen a ramping here. People are getting more of a feel on valuation, liquidity concerns, their portfolios, s a strategic rationale and more mna continuing to take place through the rest of the year tiktok is the most talked about target President Trump saying he will not extend the deadline. Oracle is on the hunt to buy it, they didnt talk about it at all on last nights earnings call. We have more on what all
Retail certificate going to zero not every biotech will keep growing every day. Thats the way it feels on a gay when oil imploded. The stock market got slammed because of it. Dow losing 592 points. S p sinking 1. 79 , why, of course its got a lot of tech and biotech. I dont blame a soul for being confused here. Buy, buy, buy a. Sell, sell, sell. The situation is, confusing were in Uncharted Waters now. It doesnt lend itself to easy explanation. We have to take them one at a time because some of these are so extreme they almost feel like science fiction. Like the price of oil falling to negative 37 and change today. Yeah, thats right you heard me, negative 37, minus sign lets start with oil as that meltdown was terrifying to watch. At dawn crude was a buck and a half, little below 20, seemed okay by the time the stock market opened it was down to 11, negative whoever owned the oil last had to pay someone else to take it off their hands. Next thing you know it was negative 10, negative 2
Josh is back at headquarters tracking the call from there but first, the big story of the day. After nine years in prison, the parole board voting today that o. J. Simpson will be released in october. Just kidding just kidding heres the real big story for us today. Its amazons world and were just living in it. The e commerce giant making a deal can sea rrrs to sell alexa appliances in a blink of an eye, the deal wiping out 12 billion in market cap. Home depot, whirlpool, best buy all sinking about 4 , while lowes was down about 6 istargets . I thought home depot was one. Weve had this conversation. I said its amazon proof until today, i thought they were and quite frankly, when they report, i think theyll prove to be somewhat amazon proof, but obviously, it didnt happen today. One of f the other things we said mastercard and visa, i know steve talked about this, but these are two names that have been steadfast not so much amazon proof, but something that sort of goes hand in hand. Symb
In chicago according to a report in politico. It will likely include a thank you to illinois for launching his lyrical career. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Caroline i am caroline hyde, this is Bloomberg Technology. A tumultuous year with another misstep, but this time it has company. How a social media giant is struggling. Plus, the commercial space race that could be set to lift off under donald trump. How peter thiel could be the x factor two deep space exploration. Wo tech titans sound off. First, our lead. Twitter is struggling with its video advertisement. This is the latest misstep to in videoth advertisements. It raises questions about the lucrative business of online advertisements. Is our guest host, brad stone. Is it another hit to twitter . Out andt us start address what i call the twitter paradox. The year has been horrible, the stock is way down, and yet somehow it has never be
In chicago according to a report in politico. It will likely include a thank you to illinois for launching his lyrical career. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Caroline i am caroline hyde, this is Bloomberg Technology. A tumultuous year with another misstep, but this time it has company. How a social media giant is struggling. Plus, the commercial space race that could be set to lift off under donald trump. How peter thiel could be the x factor two deep space exploration. Wo tech titans sound off. First, our lead. Twitter is struggling with its video advertisement. This is the latest misstep to in videoth advertisements. It raises questions about the lucrative business of online advertisements. Is our guest host, brad stone. Is it another hit to twitter . Out andt us start address what i call the twitter paradox. The year has been horrible, the stock is way down, and yet somehow it has never be