Legendary Silicon Valley venture capitalist tim draper, he was a very early investor in twitter. We have him in a fox business exclusive on exactly what he thinks and how serious he believes this new move by President Trump ostensibly against twitter and other social media names might really mean for Silicon Valley. And we are looking at many different stories at this hour, specifically let the bidding wars begin. Yeah, the Housing Market. How about that. We know that more states are allowing the reopening of so many different businesses, including Real Estate Brokers who had been during the lockdown banned from pretty much facing facetoface potential buyers. Re realogys ceo is here on just how strong he believes the snapback in recovery for the real estate business really truly is going to be. And the coronavirus lockdowns have taken a toll on americans Mental Health. The hottest app in wellness, in the wellness world, is now focused on pretty much helping you get your mind in the rig
Chinese Telecom Giant huawei says there has been a dramatic slowdown in sales growth in the midst of the trade war. He hints at even tougher days ahead. Capital one shares drop after a data breach. They say data on 100 million customers hacked. All of it stored on Amazon Web Services. A former amazon employee has been charged. Shares spiking after hours after reporting thirdquarter results. Revenue topped analyst estimates. Apple saying it remains optimistic about potential sales of new Iphone Models set to hit the market in the fall. For more on Apple Earnings as they are unfolding, we are joined by max from bloomberg businessweek, with me in the studio. Walk me through this. Iphone sales missed estimates, Services Missed estimates, the forecast beat. What about all of these other indicators . Is an interesting report. I would have said there would be no way they would be on top and bottom line. Wearables was a big plus. They also used about 21 billion of cash on the quarter to repurc
Trade remains the number one issue for business. The cleveland fed president gives us her view on investment plans. Breaking news out of south korea. We are getting the surplus number four may coming in. 5. 39 billion. Tradet comes to the goods surplus. This coming after the first deficit in seven years. Bok has said there could be a rebound following those numbers. Good trades, five . 39 billion in may. Run ofan a long surpluses, a key factor for a country maintaining a strong and steady rating. We have seen with exports continuing to decline, seven months of the kleins for south korea. The surplus went into deficit in the month of april. It has recovered. How are we looking . Gold is slipping along with oil. Commodity prices holding. Could be set today. We have futures higher in seoul and tokyo. More export restrictions, targeting koreas export industry. This is starting down the road toward economic warfare. Wax thank you very much every lets get the first word newss. China warning
Membership in the eu. Rival camps are running neck and neck. Israeli Prime Minister Benjamin Netanyahu and u. S. Secretary of state john kerry are scheduled to meet in rome on sunday. From bloomberg world headquarters, im mark crumpton. Westmberg Max Bloomberg is quote is next. Im emily chang and this is bloomberg west. We will examine the potential impacts of a brexit at tech industry. And must lays defense having a hard time selling his 3 billion proposal for a teslasolar city merger of we will break down why some investors are skeptical. The Global Entrepreneur conference kicks off. With john interviews kerry and reid hoffman, we will hear from steve case. But first to our lead. Britain is on the brink of a monumental decision about whether to remain in the European Union. Campaigners issued 11 hour appeals in the socalled Brexit Debate with the mayor of london calling up the fight of our lives. His predecessor calls it the last chance to take back control. Polls waver between a dea