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Global news 24 hours a day, powered by more than 2600 journalists and analysts, in more than 120 countries. Im mark crumpton. Isom bloomberg west, next. Emily im emily chang. This is bloomberg west. Coming up, could brexit cast a shadow over business in the cloud . We sit down with the ceo of box, and how hes preparing for a european split. Plus, one of the Countries Companies pioneering analytics to see how Smart Software is driving up satisfaction. This week, bloomberg is taking a deep dive into the world of pharma. Developing a solution to peanut allergies. First, u. S. Stocks rallying, paring losses post brexit as the market shows signs of regaining footing. Tech stocks were among the winners. Lets bring in remy innocence you in new york, standing by. Basically, stocks rising for a second day in a row, after two days of losses post exit. The nasdaq was the biggest ga ....
Ritholz. Very excited to have you here today. Im pretty excited about all of the interesting crosscurrents going on in the market. On the one hand, you have a group of very local bears talking about every pullback as it this is it, this is the top. And then on the other hand, there are some fairly relentless bowls who are just quiet relentless bulls who are just quietly eyeing stocks wer continuously. We will talk about that, but lets get to the newsfeed. Bank of america posted a First Quarter loss, a mere 6 billion in costs linked to mortgage disputes. Resolving issues over home loans and foreclosures have cost be of billion have cost bank of america more than 50 billion big ones. Shares have fallen three percent so far this morning. Ann shares of yahoo are trading higher today. Ceo Marissa Mayer can thank jerry yang. I say, alibaba is preparing to go public and it reported a ....
I want to think bmw for being here. We are in negotiations to get us into our fleet so we can utilize. Unless we do it with the latest technology, people will not appreciate the mayor driving a bmw. [laughter] but we are doing it for the right reasons. I want to showcase that as we lead this country into a thought process, a challenge that our major cities, our urban settings can have solutions to our parking problems, have sustainable mobility as part of our alternatives in the vehicles and carsharing as a principle for us to join our automobile makers as well as our Vehicle Owners and rentals as we challenge the public to say there are better choices coming forward with our partners in the industry. Thank you, bmw. I know that ian and his team are here to announce this thing but i wanted to thank our environmental divisions, our car enthusiasts, our technology. We are the I ....