Report. Under the microscope the ride hailing app uber will reveal the conclusions of a self imposed investigation in to its work practices. A day of reckoning for spains Prime Minister Mariano Rajoy faces a No Confidence Vote in parliament over corruption allegations. Hello. It is another day and this is another edition of World Business report, with me, sally bundock. It is good to have you with us. It is a packed programme as usual. And we are starting with what looks like a bumpy ride for the taxi hailing company, uber. The us giant is expected to announce the recommendations from an extensive probe into its Corporate Culture and practices. The investigation was carried out by former us Attorney General eric holder who is understood to have suggested a series of measures to bring about far reaching change at the firm. Uber commissioned the probe back in february after a blogpost by a former engineer. In it, susan fowler said shed suffered from persistent Sexual Harassment at the co
Thats the highest since june. Road map begins with twitter shares in the green after the Company Plans to cut 9 of its Global Workforce, better than expected results in the Third Quarter. Plus, qualcomms buying nxp, its the Largest Semiconductor deal in history. Steve mollenkopf will join us late ner a cnbc exclusive. And tesla shares moving higher after reporting a surprise profit setting a new record for quarterly revenue. But first up, twitter announcing plans to cut 9 of Global Workforce as part of restructuring. The company also posting better than expected Third Quarter results, monthly active users up 4 million from the previous quarter. Mobile representing 90 now of total ad revenue, which rose 6 from a year ago. And they go into the Fourth Quarter, jim, which they said on the call is the strongest for ad spends. When you sit down and take a look at the numbers very closely, it is still a mix. I can tell you that the Fourth Quarter guidance is a miss. U. S. Is only growing at 1
Best interviews, and big names discussing big challenges. Institutional investors are trying to deal with volatility using etfs, and etfs and dts are actually sharpening volatility. You dont take people out of their walks of life and say, i am going to turn you into a political operative. The window of opportunity is closing. We need the resources so we can protect american women. Anna how chinas economic acceleration is driving a new car culture. This market is growing at 40 or 50 a year. Anna it is all straight ahead on bloomberg best. Anna hello and welcome. Im anna edwards. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets begin with a day by day look at the top headlines. With markets closed on monday in the u. S. And the u. K. , the biggest news to start the week came from asia. The singapore listed commodity Trader Noble Group is making headlines again today with the resignati
Were lowinger taxes. Taxes are going way down. Were going to allow trillions of dollars to pour into the country that are right now outside of this country where people and companies what. To bring it in and well get rid of the tremendous numbers of rules, regulations. Donald trump reaching 12,037 delegates, the number needed to clinch the nomination. The likelihood of a Trump Presidency is as real has its ever been. The stocks, the sectors that will do well under trump, which will not . This is a question everybody across america is asking that tonight. Its a 50 50 shot. This is an absolute coin flip he could be the next president for better or worse. We talked about this, the potential for him to be president saying how the market would collapse. My push back would be the knee jerk reaction would be i agree. You talk about funds which exactly is what he talked about, trillions of the dollars coming back put into infrastructure would be bullish. So i think the knee jerk would be lower
Of the president ial election in november. The party is divided, but main stream republicans opposing trump. His campaign frequently runs into controversy including a ban of muslims coming into the United States. Trump calls for building a wall along the southern u. S. Boarder to shut out illegal immigrants. Turkey is widening its crackdown on people it says are linked to the men it blames for staging a government coup. Teachers and Police Officers have been either suspended or dismissed. Two dozen tv and radio stations. Investigators have detained over 8,600 people, including military officers for questioning. The death toll from the coup attempt stands at 240, including 173 civilians. The blame of movement led by u. S. State fethullah gulen, attempting the coup. Gulen has wide support in turkey. The Prime Minister said that turkey has made an official request to the u. S. For the extradition of gulen. Gulen has denied the coup attempt, and has denied any role in it. The white house s