And the release of the fed minutes of the meeting on april 30. Lets go to peter cook with the details. At its late april meeting, the fed offered a pretty upbeat assessment of the u. S. Economy. It cut its Bond Buying Program by another 10 billion. Also signaling that the economy is not yet Strong Enough to consider raising Interest Rates. These minutes further reinforce the notion that the fed is not in a hurry to raise rates because it does not see inflation as a major threat right now. That, becauseoted inflation was expected to remain 2 l below the committees objective and the and implement rate was still above participants estimates of islam the committeeel, did not, at present, face a tradeoff between the them ointment and inflation objectives, and an expansion of aggregate demand would result in further progress. There was a discussion still is spelling out even more details. Some thought it would be helpful to the rfi their reasoning underlying the language indicating that even
40 tos brand value rose 150 9 billion thanks in part to the companys innovations like google glass. Apple sales is number two after three years in the top spot. Apples brand value is down 20 to 148 billion. Drop ins weathering a pc sales. Laptop and desktop shipments were up yearoveryear versus the downturn for the industry as a whole. And its Global Smartphone shipments were up. To rise itsexpected ipo later today. The online retailer that has a Business Model summer to amazon is seeking to raise as much as 1. 7 billion in its u. S. Ipo. Com has not turned in annual profit in contrast to another ecommerce site, alibaba. Welcome to bloomberg west. I want to welcome our special guest host for the hour, the founder and managing partner of capital fund. Great to have you here on the show. Great to be here. I am really excited. What is going on now . Where are you guys putting your money . We have had a couple of interesting things happen. I think it was wellpublicized what happened around