At the beginning of the season, are champions of englands premier league. Second placed tottenham drew 22 at chelsea. From bloomberg World Headquarters in new york, i am mark crumpton. Emily i am emily chang, and this is bloomberg west. Coming up, our exclusive interview with troy carter, ceo of the factory. We get his thoughts on whether winter is coming to silicon valley. Plus, how the granddaddy of the gaming industry Nolan Bushnell who created atari and centipede. We will ask them how gaming could change education. Could an Australian Academic potentially be the mastermind behind bitcoin . What does this mean for the future of the Digital Currency . Lead investors are continuing their caution towards tech specifically private valuations, pointing to a few bearish signs of a bubble. Have 25 toion still 75 further to fall. Bill gurley recently wrote in a blog that dirty term sheets have allowed some companies to continue raising money at higher valuations, promising bigger payoffs to
The close, ending up over 100 points. Withad all 10 in the s p positive territory. Energy was the laggard. Nonetheless, it was able to flip into positive territory at the end of the session. Amazon and banks were moving higher. This was the best day of gains in two weeks. Joe its a like the momentum had come out of the rally a little bit. A great start to the month. Anyone trying to sell in may were already down on that strategy. Good call. Apple, it was a crazy roller coaster ride today. At one point, still on its longest losing streak since 1998 , we were below the friday lows they made, which technically could have been a bearish indicator but nonetheless climbed into neutral territory by the end. Only the third time in history that its had a selloff like that. It tried to go green at the last second but then when right a second after that. Look at the fiveday chart, that encompassed what happened after the Company Reported earnings over the last week. In those last days apple lost
Lets head to the markets desk were julie hyman has the latest. Julie last week beside saw the biggest decline for major averages since february. It looks like a bounceback today. A lot of Different Things for investors to talk about. Manufacturing data came in weaker than estimated. We are seeing it rationing down of Interest Rate expectations. Major averages around the session. The nasdaq is billy hanging onto gains the nasdaq is barely hanging on to gains. Consumer discretionary in the top spot. Financials are helping matters. Amazon is rising for the second straight day. Ceo jeff bezos getting praise from one buffet. Energies laggard down if you look at oil prices, we are seeing a pullback. Interesting that they are not tracking down stock unlike what we have seen recently. Iran exports rising putting pressure on those low prices. Futures are going higher. When to check on currencies. The euro is trading at its highest since the u. S. Dollar up since last august. The dollar lower ve
Miss the deadline for 422 million in bonds. The first u. S. Cruise ship to cuba in nearly 40 years across the florida straits and pulled in to have an essay. Into havana today. Havana areuise is to expected to bring cuba millions and badly needed for an current thcy. The improbable has happened leicester city, 5000 to one underdogs, are the champions of the premier league. The Football League secured the first title of its 132 year history after it went 22 at chelsea. From bloomberg World Headquarters in new york, im mark crumpton. Emily i am emily chang, and this is bloomberg west. Coming up, our exclusive interview with troy carter, ceo of the factory. We get his thoughts on whether winter is coming to silicon valley. Plus, how the granddaddy of the gaming industry Nolan Bushnell who created atari and centipede. We will ask them how gaming could change education. Could an Australian Academic potentially be the mastermind behind bitcoin . What does this mean for the future of the Digi
Julie not good. We are seen a steep selloff is Global Growth concerns of come. Ack into the market yesterday we had that snap back from last week. That has been shortlived as you can see. All major averages are down about 1 . Piling onto the negative sentiment is jpmorgan saying to underrate equities for this year , thats the first underweight equity allocation since 2007. That is from their strategy tape. Its global. That Central Banks are a risk in this environment. Its a red herring here. Also, take a look at this market. Every group is in the red except a tiny portion of consumer staples. Thats all the groups that are down around 1 . We have steep declines across the board. Just to give you some examples of earnings movers, there are some in the green. Pfizer is coming out with earnings that the estimates. The company was beating estimates. The truck engine maker is beating estimates. When there are winners, there are always losers. Aig was the big one. The company came in below an