But first, to our lead. Snap spiked after a blowaway fourthquarter earnings report, with revenues topping estimates for the First Time Since the company went public almost a year ago. The earnings were buoyed by momentum in the ad business and user growth. Snap said fourthquarter sales jumped 72 to 785 million. Its daily active users are up 18 from one year ago. We broke it down with a market analyst and a bloomberg reporter sarah frier, who covers snap. What did snap get right this quarter . Well, they have been transitioning their advertising business to make it more automatic, more programmatic, selling ads automatically, which means they can have a bigger base of advertisers. The price of ads has gone down, but the volume in the amount of time people look at these ads is going up, so snap has been able to really make this work for them this quarter for the first time. Deborah, what is jumping out to you . We know they have been doing a lot, the whole redesign, perhaps we are seeing
The disney tv business is in retreat and the studio awaits a comeback, and a new shutdown showdown as President Trump says and get on, if it helps break the deadlock over Immigration Reform. Yvonne day two of the World Capital symposium in the conversation has changed in the last 24 hours as the market meltdown is questioning whether this is some type of correction or if we are even close to a bear market come but we went to the worst a of the dow on record to the best day in 2016. How real is the rebound . Volatility seems to be still here to stay. Betty that is right. What is interesting is that last month, only a few weeks ago, the great, all of economic rights, talking about global secret nice growth and the upswing, and in the market said no, not so soon. Delivered a reality check to anyone who seemed optimistic about what lies ahead. Were firmly bulls in place in u. S. Stocks and we saw the rebound, even though it was a volatile session. I want to get to romain bostick. We starte
The divorce will not happen. Ado about be much nothing. Welcome to daybreak asia, i am haidi lun. Betty and i am betty lou. I love how people have game to that out. People putting bets on as to whether brexit could reverse. In the meantime, a lot of bets on what we will hear tomorrow from the fed. That is the market staying relatively calm or at least not moving much before the fed news conference. The dow up 40 points. Still has the slight bullish tent. Level, above that 2500 1 10 of 1 . The same for the nasdaq. A slightly higher open in asia. Haidi mostly calm, volatility slumping. We keep talking about these indices pushing into the record highs. We saw that again with the s p. Bound,s of being range this is the tightest range for the s p we have seen in decades. Not a lot of motivation, strong motivation ahead of the fed, the boj. Kiwis head tohe the polls this weekend. We saw the kiwi dollar one of the strongest to gainers among the slumping greenback overnight. 25 . Stralia up th
He was also pretrade byte Robert De Niro in raging bull. He was 95 years old. News 24 hours a day powered by 2700 journalists and analysts in more than 120 countries. This is bloomberg. This is Bloomberg Technology and im cory johnson. We bring you highlights from the Bloomberg Global business foreign. Form. We start off with emily chang and jack ma. They talk about President Trump, competition with amazon, but they started with technology leveling the Playing Field for Small Business. Shiftingk the world is from Big Companies to small companies. I am passionate about entrepreneurships. S. I think that is the solution for the century, cleaning jobs, innovation. If you are not innovative enough, you dont have a chance, so this is my passion, and i believe this is the future. You heard President Trump speak at the United Nations. What is your relationship like . He is a unique president. We had a good discussion last time talking about chinau. S. Trade relationship and things. The relati
President trump said he made his decision on iran but refuses to say what the decision is. Speak thison due to hour, hopefully to clarify. Betty welcome back, yvonne. We missed you, a lot has happened in the last several weeks. Today with the fed, that has been the big news. Now we know this qt we have been talking about will Begin Next Week next month. Lets look at how the markets traded in reaction to this. In thiss quite a dip announcement and after with a news conference. We saw markets climb back. The s p closing above the red that, butnasdaq below the dow adding 42 points. I want to bring up a quick , which shows you how uncharted the territory is from markets. Since 2009 we have seen the s p track qe so tightly. Yes, they spread apart in the last year. But it really has been qe that has driven prices. Now where do we go . Yvonne we have seen the success of qe when it comes to equity markets, especially the s p. The big question is, will qt have the opposite effect of qe . Asia,