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Welcome, steve speaking of inflation, julys cpi report showing an increase, less than expected dow up 455 points before just now turning negative s p now down 7 points. Nasdaq down 21 by the way, these losses come after that weak 30year bond option talked about top of last hour sent the tenyear yield back above 10 pressure from that direction and positive earning movers. Holding up the dow now, mixed result plagued by streaming woes restructuring costs and 7. 5 surscriber loss nearly shares up 4. 5 planning to crack down on password sharing like netflix. Alibaba up 4 . Chinese tech giant beating top and bottom line. And lululemon massive hike to guidance keeping up with the growing theme this week, another big deal Luxury Company tapestry announcing requiring versace and jimmy choo for about 3. 5 billion. More on that later in the show. Start with a key read on the economy and the health of the consumer todays cpi coming in just a ....
Credible. Global news 24 hours a day. Powered by more than 2,700 journalists and analysts in more than 120 countries. Im mark crumpton. This is bloomberg. Bloomberg technology is next. I am cory johnson in for emily chang and this is Bloomberg Technology. A closearkets come to finally and thank god u. S. Stocks gaining on the day. The big tech names were the leaders on the downside and on the upside. We will take a look. Libor scandals. A look at bloomberg settles. The highstakes lawsuit against waymo. With amazon. The giant stepping up plans to create its own delivery business, leaving ups and fedex behind. What a day on wall street. Stocks finishing higher ultimately. Down in the last hour. More than 1 across the board. Tech Companies Leading some of the gains. Anyones guests for what can happen. Friday with so much volatility, it is turning out more than 1000 poin ....
The chief of staff, john kelly, has not offered to resign after an abc news report said he wakeed to step down in the of the rob porter scandal. Reportedly fought to keep him on the job despite the accusations reportedly fought tp of spousal abuse. Porter resigned this week. A person familiar with the matter said in a meeting of subordinates on friday, kelly encouraged them to spread the word. Global news 24 hours a day powered by our 2700 journalists and analysts in more than 120 countries. Crumpton in new york. Bloomberg technology is next. I am cory johnson in for emily chang and this is bloomberg technology. Coming up, a volatile week in Global Equity markets come to a close. Finally and thank god u. S. Stocks gaining on the day. The big tech names were the leaders on the downside and on the upside. We will take a look. Plus, uber settles. And amazon is stepping up its o create deliver tw its own delivery business, leaving ups ....
While preparing his home for the storm. The death of now eight patients at a nursing home in hollywood, florida, are being investigated. 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. Cory im cory johnson in for emily chang, and this is bloomberg technology. Coming up, waymo gets the green light. It will proceed to trial over claims that uber stole trade secrets. A bloomberg and exclusive. Special counsel Robert Muellers investigation into russian collusion has social media firmly under the microscope. Why prosecutors are zeroing in on hackers. Another bloomberg exclusive. A transition from unicorn to publicly traded company to stock market dog. The meal companys strategy for fending off growing competition. A u. S. Appeals court has cleared the way for waymos lawsuit against uber to proceed to trial in october. They claim uber stole ....