Treasury imposed restrictions that made it difficult to access funding. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. Im Alisa Parenti. This is bloomberg, and Bloomberg Technology is next. Emily im emily chang and this is Bloomberg Technology. Coming up, amazon arrives at your front door after a 1 billion deal to buy a smart home tech company. The ecommerce giants larger delivery strategy. Widget for the sky and raising the stakes for disney and fox. The allout bidding war erupting between the three big media players. Activity for fitbit hits alltime low. Shares tank post earnings. But first to our lead. Amazon has agreed to buy a californiabased Smartphone Company that makes video cameras, doorbells, and other tech. It is valued at about 1 billion and pushes amazon further in the smart home market. J. P. Morgan chase advising on this deal. Joining us now with more details is alex. It was not long ago that ring was booted off
Good friday morning welcome to squawk alley. John fort is on assignment today. Dow up is 67, just off the highs of the session the s p 500 tech sector is up 17 year to date despite a big selloff yesterday with a volatile and first half of the year what does that mean for this second half . More on tech stocks, lets bring in mark mahaney and jeff ritzer, managing partner at ggb capital. Im looking at the week to date action amd down six google down five netflix five facebook two is this turning into more than a two or three day phenomenon . Thats hard to know i dont think. So i look at these stocks and i look at them differently the highest quality names that we look at are off, 4 , 5 off all time highs i dont view that as a major change google, we have new news there the eu decisions and the fine and what is likely to be more of those going forward. I can see why that stock pulled in more. Netflix always has that kind of stretch valuation. Do you have to go out a number of years and di
Decemb december k putting together two companies that in terms of programming are similar. Its not like were going from one network that does reality or that type of programming to sports or lots of scripted work or whatnot this is putting those two things together the question is are you better off putting those two together or in this new age of media trying to go into scripted gore into a premium thing scripted. Scripted. But this has been bandied about. For a long time they were two sort of theyre not like outliers that deserve to get together. If it was going to happen, would put these together for scale thats where the synergistic value is some analysts would question this how much more power does a discovery scripps together have in terms of carriage agreement Going Forward . How much value proposition, if you want this channel you have to take this channel that was more scripps problem than a discovery problem zaslav yesterday admitted we are managing through the new times, dau
Us oh wait. Covers the Banking Industry well was here. That works too. Well get to that in a little bit. We begin in washington with the rhetoric about a Government Shutdown how much time do we have at this point . Well Government Shutdown by the end of the september if they dont pass spending bills. We got a slightly different take between last night and today between the president of the United States and the speaker of the house. Listen to the president last night at a rally in phoenix talking about the possibility of a Government Shutdown if he doesnt get funding for a border wall build that wall now the obstructionist democrats would like us not to do it, but believe me, we have to close down our government, were building that wall little bit of a different take well see where the rest of the Republican Party falls on the issue of the Government Shutdown over boarding spending there are a lot of republicans on capitol hill who would like to see something done on the issue of the b
Good wednesday morning. Welcome to squawk alley. Im Carl Quintanilla with jon fortt. Joining us is seema mody. Good to have you back. Busy, busy day, markets have gone into the red. We continue to monitor janet yellin testifying on capitol hill. In fact, on that front, lets get back to Steve Liesman on capitol hill. Steve . Its a scintillating issue here on the issue of Bank Regulation and dodd frapg, trying to be a little sarcastic, but she was asked about Monetary Policy and said theres no timetable for raising rates. She expects the Unemployment Rate to fall further and that most of her colleagues do expect a single rate hike this year. She was grilled on this issue of politics at the fed. Scott garrett talked about something that i have not heard before, and were trying to run down this issue. Im going to repeat it, brainerd and the clinton campaign. But anyway, she said theres yellin responded, there is no politics in the decisionmaking at the Federal Reserve. A lot of this coming