This point the nikkei ended flat. Hang seng was off just over 1 shanghai composite down as well. And in europe youre going to see at this point it looks like things are also in the red there. The ftse is the biggest decliner down by just over 1 you can see the dax down by 0. 75 if you want to check out crude oil prices, at this point youll see crude oil is up 36 cents 49. 92 facebook it is making a big bet on video. The social media site launching what its calling watch. Redesigned version of its video platform its going to be rolling out to facebook users over the next couple of weeks. It will include a mix of original content as well as live sports recommendations of what to watch will be personalized based on your interests and what your friends are talking about. This is facebooks latest push for tv ad dollars. Mark zuckerberg said video will be the largest driver over the next two to three years. A big push some people wont get it if youre on facebook now and go to look for it tod
One of the most fabled fortunes has died. At 101, he was the world oldest billionaire. He was the oldest and last surviving grandson of john rockefeller, the nations first billionaire. Global news 24 hours a day. From bloomberg world headquarters, i am mark crumpton. Caroline i am caroline hyde. This is Bloomberg Technology. As its blow for uber president heads to the exit. The latest on the embattled company. Apple makes a bet on the next big thing. Could augmented reality replace the iphone . Public debut, not one analyst has a buy rating on the firm until now. We will ask the analyst why he is bullish on the company. But first to our lead, uber as confirmed jeff jones is leaving the company after less than a year. Ofs follows reports allegations from Sexual Harassment to the c. E. O. Travis kalanick. The company is a world in a lawsuit with waymo. Waymo claiming uber is using stolen secrets attained by one of ubers former executives. Joining us to discuss is brad stone and Eric Newc
Suisse afterfor a takeover after apple terminates its chip supply deal, helping shares in the uk firm recover some of yesterdays steep losses. Asos falls out of fashion with investors despite raising its fullyear sales guidance. Good morning, everybody. Thank you very much for joining us. Glad to be in your company over the course of the next hour. We have a packed show. Loads coming up. Have an fx guest just making his way into the studio, i see. Get your questions through nice and early so i can use them on the show. Doesnt help when they come in after the show is over. Find us on twitte twitter, louisabojesen, or streetsignseurope cnbc. Com. Well talk about whats taking place with regard to south africa, venezuela interesting as well. Heating up there. Well hear more about the latest on the french elections. We have this second televised debate taking place this evening. European equity markets relatively mixed. The ftse hanging on to slight gains, 7. 318. The xetra dax, cac, ftse m
Spp a s p. Are the brexit fears behind us, we ask . Lavin th lebenthal what do you say . Be frank. As summer goes on more headlines, more scares of other countries leaving the european union. The uncertainty the market hates. Taking down a Major Institution like the eu. Were in the clear for now, but i do think this is going to be a choppy summer. Having said that, range bound between 1900 and 2100 for the foreseeable future on the s p 500. Easy to be enthralled by the green arrows. Bond market, tenyear treasury yield pinned to 1. 46 . Not seeing commensurate move in the safe havens of bonds and stocks . Markets gone nowhere 18 months. Look where we are now and the fact theres the fact that got us there versus before june 23rd. You have to come to the conclusion the Global Economy is worse off. That the circumstances are worse off, and that monetary stimulus, which had gotten us to where we are, which is flat, is ineffective in terms of how much more it can contribute, and if they go m
Welcome to countdown. We are encroaching on ¥100 to the dollar but we are keeping a close eye on where this next leg in the dollar goes. Is this a yen strength story or is it a dollar weakness story . I would contend this is now more eight dollar weakness story. The fed is fading. The dollar is down for a third day, the lowest since brexit. The last time they posted a trade below 100, that was post brexit. That thehown 80 odd yen will touch 100 in the coming months. It looks quite sneakily as if it might get through today. Mulls theams possibility that 2 inflation targets are no longer really that relevant and they are not welding not working. The flows in dollaryen over the past hour have been significant. They are hitting record levels in model funds and they are filling in the asian session. Keep an eye on those. Lets look at the risk radar. Little bit lower as well. You have the dollar index down for the third day in a row, the lowest since brexit. Atan equity, which you have 140.