Technology. We will hear about their new center in san francisco. And e3 goes wild for fallout 4. One of the brains behind it joins us on bloomberg west. Alibaba is turning up the heat on netflix, amazon prime and hbo go, entering the video streaming market. Jack ma is building his own version in china and it will have its own original content and programs bought overseas. Alibaba has been on the hunt for new Revenue Streams and has been trying to tap into their online video market, but will he be able to compete with more established streaming competitors inside china . Joining me to discuss it, we have the wedbush managing director and the bda china chairman and from new york, jeff from polaris advisors. I would like to lay out the landscape in china as it is now because alibaba would be a very small player in this market. It something . 10 has already been doing. Guest both 10 cent and baidu have been doing these forever. Alibaba is kind of late to the party, but it is growing at su
Korean air space north Korean Foreign minister responding to two things one is b1b bombers to the east of north korea saturday as a show of force in response to the tensions and this tweet from the president over the weekend, donald trump tweeting out just heard foreign minister of north korea speak at u. N if he echoes thoughts of little rocket man they wont be around much longer. Its not clear what the president meant by they wont be around much longer the foreign minister today in new york, brian, saying when north korea responds to the u. S. Show of force that will answer the question of who it is exactly who wont be around much longer a war of words here, if nothing else, at the white house. Eamon, thank you very much rick santelli, lets take a look at tenyear did we see a move in the bond market, rick absolutely, sully, whether youre looking at twoyear hopefully youre looking at charts, tenyear not only our interest rates. Since the german elections, bunds. Even the equity market
Nasdaq climb. 22 . But as much as i love it when stocks go higher i recognize the mark can only go up as much as the earnings let it. Next week we get a parade of numbers that will challenge that numbers fate. Monday, we hear from a company that has captivated the analyst this week, netflix all week weve seen analyst tripping all over each other to raise their price targets in how netflix is signing people up worldwide while at the same time increasing its prices. I typically dont like it when stocks run in advance of earnings like this one few companies can ever live up to the elevated expectations, the hype netflix isnt any company. Its a company that pioneered the company for watching the programs you like without spending all the money on cable. Its a business that can scale like no other. It even have me watching things with titles. So, my prediction is when netflix reports after the close the stock will go up instantly by a huge amount or go up over time after a dip i think the c
Changing global media landscape see zist changing global media landscape see 21st century fox sold to walt disney . Will also have the latest market movements. Another record breaking day on wall street. In europea record breaking day on wall street. In europe a mixed picture. Will be getting the inside track on the Construction Industry and the boss he says the sector need more women. Well be talking breakfast. Tiffany s has got a brand new offering which will set you back 29 for a coffee and a croissant. We are asking you today, how much have you ever spent on a coffee and croissant . Dont hold back, use the hashtag. A warm welcome to you. President trump and his chinese counterpart xi jinping have said they would Work Together to improve trade relations on his visit to beijing. In a departure from his recent rhetoric, the us president said he does not blame china for the trade deficit between the two countries. The two leaders signed industrial cooperation deals worth more than 250
Our road map begins with the retail surprise. Best buy, sears, Williams Sonoma, all with earnings beat. Shares of best buy are surging. And Mickey Drexler is explaining how the j crew market missed the tech revolution. The s p is on track for another fresh record close. Opec agrees on the cut extension and oil is down. A lot of news on the retail front. Best buy is up, helped by an unexpected increase in u. S. Comps. Williams sonoma is out with better than expected guidance and earnings beat and then sears coming in above forecast. Although sales continue to slump. Its not often, jim, an 11. 9 decline in comp is actually above expectations. Yeah. Look, sears is a big short squeeze whenever it goes up and people realize well, wait a second. Even when they keep selling Closing Stores the existing stores have bad numbers. These are terminal numbers. I mean, i wont tell you that maybe you can close all of the stores and see the stock go up. But i have never i mean, there has never been a r