Charles schwab is expected to buy ameritrade jim as you noted on twitter, the unprecedented influence of robinhood. Yeah, look, when youre out here, you realize there are players. David talks about them a lot, including softbank, theyre fun organizations with no real growth path for earnings a fabulous growth path for revenues this robinhood has been an incredibly well funded sensation particularly among the younger demographic. Its very hard to fight a company that will you play for free and thats exactly what disrupted this industry was Venture Capital money. Think about it, its been a stable oligothic for a while. Why not surrender to schwab . This makes so much sense now schwab will be the largest asset gatherer, incredible machine. I this i schwabs store, we dont know the ratio, this deal done makes schwab go up a lot more than its up right now. David, lets talk about this deem we got some paypal news as well. Mna is getting a bit spicier as we get to year end yes this would be a
Euro area Economic Confidence rose for the second straight months in may, beating estimates. The highest level in four months. Boosted bywas strengthening Consumer Sentiment and improvements in the retail and construction sector. Greeces gdp contracted by 4. 5 since the prettiest quarter. Economic data for the country shows that quarterly exports fell since the previous quarter. Economic data showed markets are closed in the u. S. And the u. K. Today for the and spring bank respectively. The dax is still higher, up. 3 . The cac 40 is pretty much unchanged. There are some stocks were watching driven by m a news. Bayer is gaining after the sunday times reported they may put forward a new improved offer for monsanto as early as this week. Stocks one of the best reporting. Lets switch of the board and see what is happening in fx markets. It is a delicate a day of Dollar Strength, poise for the biggest monthly jump since september 12 14 on Janet Yellens comments. At the bond look markets be
Examination. The white house will lay out a vision of greater freedoms in a speech in havana. Global news 24 hours a day powered by our journalists in 150 news bureaus around the world. Im mark crumpton. Bloomberg news is next. Cory im emily emily im emily chang. This is bloomberg west. I speak with brian chesky about his vision and the companys plan for an ipo. Google pulling back on the robotics business selling the Robot Company boston dynamics after they bought it two years ago. What does it mean . Is it finally take off time for Virtual Reality . Today we check out sony hardware. First, to our lead. Google putting its boston dynamics unit up for sale. You see a twolegged robot maintaining its balance. Pushing the be envelope but a different story was playing out behind the scenes. According to two people, executives at google decided boston dynamics will not produce a marketable product in the next two years or generate revenue. For more we are joined by brad stone and jack clark.
Importance. You would rule out the possibility of using Nuclear Weapons against isis . I am never going to rule anything out. Nejra it is all straight ahead on bloomberg best. Nejra hello and welcome. I am nejra cehic. This is bloomberg best. Its a weekly review of the most important business news, analysis, and interviews from Bloomberg Television around the world. In retrospect, this week has been dominated by tuesdays tragic terror attacks in brussels. On monday, attention was focused on Silicon Valley and a major Product Announcement from apple. Unveiling a new iphone at an event in cupertino with a smaller screen and a smaller price tag, starting at 399 for the cheapest new iphone ever. What are your big takeaways . I think its just interesting. I was making an analogy with the golden state warriors. Rather than go big or go home, the old traditional basketball adage, they found that small ball works well for them and they won a world championship. You can see apple tried the same
Nasdaq are down, you can see the nasdaq is down the least. I want to point out that at least for the dow, we are seeing the longest winning streak since october. It is generally speaking on track for its fifth week of gains. Lets take a look at what is happening on the impact on the year to date for s p. S p is in positive territory, up 1 10 of a percent and you saw yesterday that we did see the s p was put in positive territory for the year, but it did paul back, not able to hold onto did pull back, not able to hold onto those gains. Hop into my bloomberg right now. Lets look at these green and red boxes, they basically are the months over each of the past several years. I want to point here to this box right here. This is this month, march, 2016, and we are up so far on the month to date. I want to tell you that the last time we were as good as this was back in 2010 when we saw march, by about 5. 8 , 5. 9 there. It is not just the u. S. Market, it is not just developed markets, it is