Deal as President Trump says he is scheduled calls with president shi xi jinping the highest this session was 334 on the dow coming up, gregg lemmkau live and exclusive. Lots to talk about with him on the market merges, ipos and the outlook for the rest of 2019 joining us for the first full hour of the show, keith bliss. Crazy week, now only down one percent. Talk us through the roller coaster five days of trade, the key levels that we have and havent touched. Sure. So overreaction. My theme has been overreaction and you certainly saw that in the monday night going into tuesday trade, a lot of what you have in the market today is a lot of program and algor rhythmic trading as opposed to humans die jesting the information. So you saw that overreaction we actually touched another oversold level that we had picked up from august 5th. So we were already oversold. That just went further down and the yield curve, the 210 inversion was only a basis pointer too and the amount of selloff was ce
Biggest international office. All of that is ahead. But to our lead, redd itors are rebelling, calling for ellen paos resignation. A vast majority of the Reddit Community believes that she has overstepped boundaries and will run reddit into the ground. The number of signatures skyrocketed over the weekend after pao fired talented director Victoria Taylor. Hundreds of moderators shutdown message boards. Pao went to read it and said we screwed up. Pao has been trying to cut down on harassment on the site, but reddiotors complain they are curtailing their freedom of speech. We have our guests here peter, you signed the petition. I have to start with you. Why did you sign it . Why was the tory a tailor so valuable to reddit, and still no explanation for why she was fired. Victoria taylor so valuable to read it . Peter as to why Victoria Taylor was so valuable to read it, she was the gobetween between volunteer moderators who are the lifeblood of the community she was in between those volun
All of that ahead on bloomberg west. But to our lead, redditors are rebelling. More than 180,000 people have signed a petition calling for ceo ellen paos resignation. According to change. Org a vast majority of the Reddit Community believes that she has overstepped boundaries and will run reddit into the ground. The petition was posted four weeks ago the number of but the number of signatures skyrocketed over the weekend after pao fired talented director Victoria Taylor. Moderators protested by shutting down hundreds of message boards. Pao went to read it and said we screwed up. Pao has been trying to cut down on harassment on the site, but redditors complain they are curtailing their freedom of speech. We have bob book. He led business developing at reddit competitors. Peter signed this petition. Why did you sign it . Why was Victoria Taylor so valuable to read it . Still no explanation as to why she was fired. Peter as to why Victoria Taylor was so viable to read it, it was not what
Taking a look at stocks today, maybe people are reacting to earnings. Olivia we have seen betterthanexpected corporate earnings. A couple of pharma companies, ford, ofrd course. A little disappointment on the top line, but Financial Engineering boosting the bottom line. Things have called down a little calm to down a little bit. We see some movement in the british pound, gaining against the euro, the biggest move in about two weeks after british gdp gaming out came out, showing the economy grew 0. 7 in the Second Quarter. It is the 10th straight quarter of actual growth for the british economy. Markets are pricing in a rate hike in england in about may. Beat mark carney may have janet yellen to the punch. Olivia they think they want to do it until next may. Our funds are pricing them in for september. But the story was that carney could be the first to raise rates. How times have changed. Top headlines home prices in 20 big cities rose at a slower pace in may. Was upeshiller index 4. 9
There was enough in these numbers to suggest that this might be sustained through then. The economy is not going at a speed consistent with zero rates. Chinese shares declined well markets were little changed ahead of the christmas holiday. Former president george bush has been hospitalized at a hes in at a houston hospital after shortness of breath. He was admitted as a precaution after being taken by and feelings. He is the oldest living president. A Police Officer shot and killed an unarmed black man in berkeley, right next to ferguson, the epicenter of the protests this summer. The man was shot after pointing at handgun at an officer at a gas station. Sony pictures will release the interview in about 300 theaters tomorrow. So far, none of the major theater chains have agreed to show the film after threats of violence could we will have more on this story in just a few minutes. It is down to the last minute and holiday packages. Everything went well after missing deadlines last year