Vision fund. Oh, snap. Bullish bets payoff. Four more users per day than percted far more users day than expected but can growth keep up . Department of justice is set to open a broad antitrust review into big tech. They are looking specifically into whether u. S. Tech companies hurto big that they competition. Joining us to discuss, tom got gurman, and, mark ben rhody in washington. Ben we dont know a whole lot. We are looking at here is a sort of complement to a task force that the federal trade commission announced. Doj share antitrust oversight. What is especially interesting that theye believed had split up the companies, the doj would only be looking at google and apple. Now it looks like they could be looking at something more highlevel. They could be doing criminal referrals to other parts of the agency. These companies could be facing scrutiny from both agencies. Emily the doj had taken oversight over alphabet and apple. The ftc was going to be looking at facebook and amazon.
Talks on again, but the path to a deal remains elusive. Joe officials have been cautioning not to expect a whole lot. Juliette police and protesters clash again in hong kong. U. S. Authorities plan an antitrust as growth in the eurozone shows signs of further shrinking, the ecb makes a key decision on stimulus. Mario draghi made it clear the European Central bank has one way to go, and that is lower when it comes to rates. Juliette earnings reports continue to roll out fast and furious. Frank we have been successful with pricing. Sergio the revenue pressure is not sustaining in the industry. It is the teflon company. From Central Banks to brexit, the weeks top interviews. There is a certain small probability this could be dangerous. What is happening to the u. K. Economy is not entirely driven by brexit. Juliette it is all straight ahead on bloomberg best. Hello and welcome. Im juliette saly. This is bloomberg best, your weekly review of the most important Business News, analysis, and
More bumps in the road for nissan. Planned job losses after profits fell 99 . Shery lets get you started with a quick check on how markets closed in thursdays session in the u. S. The dow falling to the lowest level in two weeks. Tesla and for taking a hit on weak results and earnings. The nasdaq falling the most in a month. Has stellar earnings, but because of the ftc probe, Market Sentiment was not too positive stock. We have the s p 500 losing. 5 . Investors did not like the president of the ecb. Was not as dovish as they expected and that weight on sentiment as well. U. S. Futures at the moment unchanged. Lets see how things are shaping up in asia. Sophie we are setting up for a riskoff session. Kiwi shares resuming losses. Cost they could come under pressure. Earnings in focus. In southings data korea sliding further in july. In sydney, the asx 200 may snap a gain. Switching the board to check in on bonds that rally in aussie debt how much upside may be left as we are getting more
Snap, bullish bets pay off as the social Media Company far more users coming back on a daily basis, but can the growth keep happening . The u. S. Department of justice is poised to open a broad antitrust review into big tech, putting off of it, and facebook in the spotlight. Regulators are looking at whether Tech Companies are so big they stifle competition. This ratchets up pressure on tech giants facing scrutiny from europe to capitol hill. Joining us to discuss are a bloomberg tech executive editor, our bloomberg tech reporter who covers apple, and ben brody who covers techs corporate influence for bloomberg in washington. What do we know . Well, not a whole lot. I think what we are looking at complement toof the task force the federal trade commission announced. The ftc and the doj share antitrust oversight. I think we are looking at a complementary task horse. Is especially interesting as we had believed that doj and ftc had split up the companies. At doj would only be looking goo