Published. Meantime, facebook is making a big change to its ad business, announcing it will allow people to opt out of seeing political ads on facebook and instagram. Users will be able to mute electoral ads and ads on social issues as well. For more, i want to bring in purses and strategies founding partner, who was before that president obamas Reelection Campaign digital director. Teddy, good to have you back on the show. Facebook may the controversial decision to not factcheck political ads, not factcheck speech from politicians. What is your take on this now middle ground, saying you can turn off political ads if you dont want to see them . Teddy thanks for having me. I think the truth is it is not much of a middle ground. What its doing is putting the onus on the user to do the work. They are saying we wont provide any Fact Checking or any standards whatsoever on our platform, but you the user can click on a few buttons and hopped out if you make that decision. The thing i think t
Parents will keep the children home. Welcome to bloomberg surveillance. A lot going on in the markets. We have several markets closed because of the german holiday. In atnufacturing coming 39. 4, touch below estimates. We were expecting 39. 5. The impact on the euro is pretty minimal. The focus is whats going on between the u. S. And china the focus on the rally. Investors are shrugging off this political unrest in the u. S. Followingng at dollar with treasury. U. S. Is planning and expanded to 17 in the autumn. He says he also would like to invite leaders from russia and south korea. Inclusion of russia is likely to be the most controversial. It was suspended what was then the g8 when it annexed crimea. South africa emerges from its lockdown. Proposing a range of measures including hedge fund and financing for structure spending. They say there are limits to what Central Banks can do for the economy. Because theyve been useessful, then we can central bank to solve our problems. Do u.
And here are your top headlines. Angela merkel and president Emmanuel Macron back a 500 billion Euro Recovery Fund for the European Union. The deal needs the support of all 27 eu members, but the two countries of the biggest payers. President trump called the World Health Organization a puppet of china and promise to pull u. S. Funding. Stocks and futures shake off tensions and push higher. After eights potential vaccine for coronavirus. It is raising 1. 3 billion to fund the development. Just under one hour from the start of cash equity trading in europe. We kick off this program with a relatively dire number, european car sales are down 78 in april as demand evaporates. You expect that if you cannot leave the house. Stock futures are barely higher now. Just above unchanged. Dax and ftse futures up about 0. 1 . We have breaking news from the u. K. In terms of the regime that will apply from january 1. Earlier this place year, but we are in this transition phase until the end of decemb
Protected tries to of an old law that has protected facebook. The coronavirus takes a toll with tech leading losses. Earlier, apple cut its revenue guidance for the march quarter with the outbreak continuing to impact the iphone maker supply and demand. Impactful,navirus is but not permanently impactful. In other words, it is a temporary blip. On the demand side longer term for apple, i dont see any issues so that gives me a lot of confidence we will see a nice rebound when this is over. 20 of revenue, a huge part of the supply chain. If the virus isnt contained, this will be a problem and longer term, china and the u. S. Are likely to be at loggerheads. I think the virus could be a problem longer market thing. Is no better ceo to handle the current challenges then tim cook and while it is currently concerning, having him at the helm is very reassuring. It is quite hard to shift production in a number of weeks. Emily we got more reaction from the Senior Research analyst at cowan who jo
Around the world from hong kong to brussels, berlin, new york, and washington. Our bloombergs voices are on the ground with the top stories. We begin in asia. The death toll from the exceedsrus exudes 2000 in china. Walk me through of what were hearing from the government in terms of supporting the economy. The 75,000to get to new cases of shared of this virus new cases out there this virus. This may have been a lot worse a lot worse. There is a 70yearold man in hong kong who succumbed to his illness at the hospital. He had underlying issues. But lets talk about the cruise ships. We have one in cambodia and we whichhe diamond princess have the most localized cases outside of japan. People are being led off that boat and being evacuated. If you test negative, it can reappear. It can remain dormant. What are we doing here . What is happening . Theyre suggesting a 14 day quarantine when you leave the boat. We were talking about how the Chinese Market was of thirdbiggest Aviation Market in