Venture. Shares of snapch. N. A. P. Are bigr after recent quarter dau below estimates as company says its redesigning the app to make it more user friendly here is the conference call. Were currently redesigning our pricks to make it easier to use. Theres a strong likelihood the redesign will be disruptive to our business in the shortterm we dont know how the behavior will change when we use updated application. Were willing to take that risk for what we believe are substantial longterm benefits to our business. You have ten cent Chinese Company behind we chat taking a 10 stake in snap. Dick, youve been on before, said extremely nice things about evan as product guy. How do you character eyes this adjustment hes trying to make after already gorg public. Ill tell you, a couple of things jumped out at me from the call yesterday one, look, over 170 million daily active users is a lot of daily active users with that volume, i know its small in comparison to the numbers out of facebook, but
Government run health care on the march. Media reaction to this. Trump was on the ballot and he lost. Okay, the president is making headlines of his own in asia, hes issued a strong warning to north korea. Dont underestimate us he says because that would be a fatal miscalculation. The president is now in china, a red carpet welcome and public ceremonies, privately meeting with xi jinping. No retreat for the market this morning even though theres a report that the senate will consider delaying the tax cut for businesses. Modest declines for stocks, thats it. Yes, lets not forget, please, it is one year since donald trump won that stunning election victory. In 12 months the market is at 5. 4 trillion to the value of oil stocks and the dow has hit 58 records. The New York Times paul, remember, dead wrong, Varney Company going to got it righe oneyear Anniversary Show is about to begin. Stuart june 16, 2016 donald trump staged president ial announcement descending after escalator in trump t
Appreciate all of the support from everyone. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Bloomberg technology is next. Emily im emily chang. This is Bloomberg Technology. Coming up, a bloomberg scoop. Apple dives deeper into ar and could have been augmented reality headset in stores by 2019. How the new device will stack up against competition. Plus, a startup going headtohead with amazon. The ceo, bashed in lemon bastian lehmann, joins us. The l. A. Clippers owner and former microsoft ceo joins us for a wideranging interview. Venture intends to hold the government accountable for achieving tax goals. Bloomberg is reporting that apple is said to be developing an augmented reality headset that could be in stores by 2019. A couple things will set this apart from existing available ar devices. It will contain its own display, so you wont have to insert your smartphone into the rig. It will
Eastern. And well have it for you on the cspan networks. By the way, you can read the rest of that story at politico. Com. We also have this from the hill. Lawmakers rallied against former ceos of yahoo and equifax over Cyber Security breaches that occurred on their watch and floated potential policy solutions to crack down on the hacks impacting hundreds of millions of americans. Frustrated members of the Senate Commerce committee pressed former yahoo ceo, Marissa Mayer and former equifax ceo, Richard Smith and his current ceo, paulina de riggers barrows on how their company allowed so much breaches and pushed for answers. Lawmakers rallied against the massive Cyber Security breaches on their watch and floated those policy solutions. They also said we have not been able to identify the intrusion that led to that breach. And that quote from the former yahoo ceo. Read the entire story at thehill. Com. Incidentally, that hearing took place earlier today. We do plan to show it to you late
Coming up. Maybe a little bit of a slipperiness on that morning commute. Bill, thank you. Now to ktvus Cristina Rendon in the coffey park neighborhood in santa rosa and christine, People Living in the burn areas are preparing for the worst. Reporter they are. We actually moved. We are in the sutton grove area here in the northern part of santa rosa but this is an area that is very hilly. Ill step out of the way so you can see it has the potential for runoff and you cant tell by looking at this puddle but the storm drain there is protected by a barrier. Thats why were starting to see some puddling here. But its things like that officials want people to realize as we head into the winter season, they say that vegetation thats burned off is at risk for flash flooding due to runoff and this flash Flooding Risk may last up to five years because it can really take that long for vegetation to regrow. Also, debris and ash can be picked up in floodwaters. Thats why city and county crews have be