Said to leapfrog apple and become the worlds most valuable company. It is their first Earnings Report under the new structure. Headlines,ok at the powered by over 2400 journalists in 150 bureaus around the world. A quick look at the market. We have hong kong and china close to the lunch break. This is how they were trading a mixed bag. This is a picture for singapore, tokyo, and mumbai. Its time now for bloomberg west. Emily im emily chang, and this is bloomberg west. Coming up, leapfrogging apple is the worlds most powerful company, topping investments and letting investors take their first peek. Will our data centers of the future be lining the ocean floor . We will talk to microsoft about the first server pod underwater. Now to our lead. Alphabet surging in afterhours trading, up as much as 9. 4 , surpassing apple as the worlds most valuable company in extended trading. After the company top there estimates, fourthquarter revenue passed on to partners and rose 19 to 17. 3 billion. U
The after hour session, passing apple now to become the worlds most valuable company. Is this perhaps signaling that stocks may have gone a little bit oversold at this point . Guy . I think alphabet is about alphabet and karen had great insight into this last week. I think across the desk weve had different degrees of bullishness. This takes it to an alltime high. Personally at 22 times forward earnings. I dont think its that expensi expensive. It has room to meet and grow in terms of multiples. Paid clicks were up 21 . The street was looking for twothirds of that, and they were able to maintain effectively the operating margins that they said they were going to get. I think thats encouraging. Can the stock pull back down to 775, 70 . I think so yes. Do we know what the other core businesses have done and the other bets have done . Karen, what did you learn from that . It was hard to guess exactly, but tim and i were talking before the show, 2 billion to 4 billion issues have ranged fr
Regionally. Investors look to a News Conference this morning from. Ario draghi the European Central bank kept its Interest Rates unchanged and traders and investors are waiting to see if draghi signals a willingness for more quantitative easing. We are one day away from that august labor report. Lets get you started with the five things you need to know this morning. Matt miller is here, watching the markets. I think we ought to begin with the ecb. I mentioned the ecb held steady as expected. Draghi has the opportunity to make news this morning. He will be asked about quantitative easing. Asked about the inflation outlook, about china and global markets. Lets find out from ons nichols what the world expects. Hans i was in frank for yesterday at a big banking conference. Everyone is wondering what is going to happen in terms of quantitative easing. Is mario draghi going to hint it could be longer . September 2016, that is when it is expected to end. When we get these predictions for the
Bloomberg west. We start with the markets. Investors losing confidence in beijings ability to prop up markets. Facebook, google, amazon also moving into the red. Miller. , matt matt they take away is after a week like we had the big take away is, after a week like we had two weeks ago, there is almost no recovery. Monday was this terrifies and this terrifying drop in the dow. He did not stop the entire month from being the worst august the dow has it did not stop the entire month from being the worst august the dow has posted since 2010. The nasdaq had its worst month since 2012. It was awful because of that week where we lost 6 in almost every single index. Take a look at some of the big losers. Media Companies Really reigned as far as the point losers. Disney kicked it off with the poor earnings report, showing espn did not have the kind of scriber growth or earnings kind of subscriber growth or expected. Hat they viacom was the biggest loser as far as Media Companies for august, dow
From our studios in new york city, this is charlie rose. Neil young is here. Many consider him one of the most influential singersongwriters in american history. His iconic career has spanned more than five decades. He is famous for his distinctive voice, artful lyrics and uncompromising vision. Hes releasing his 35th studio album this month called storytone. Heres a look at his first single whos going to stand up . End fossil fuels draw the line before we build one more pipeline end fracking now lets save the water and build a life for our sons and daughters whos going to stand up and save the earth . Whos going to say she had enough . Whos going to take on the big machine . Whos going to stand up and save the earth . This all starts with you and me neil young has just published his second memoir called super deluxe. He covers everything from his love of cars and painting to his crusade for mother earth. I am pleased to have him back at this table. How are we doing on your crusade for