Together. The bank of england says it may be time to tighten soon. More like two and through. Scandal forces steve wynn is from the helm of his empire. And, a tsunami of earnings reports. I am pretty confident with the capacity to deliver in our business. We will stay disciplined within the capital framework. We are interested in being the most profitable. It is all ahead on bloomberg best. Ramy hello and welcome. I am Ramy Inocencio. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Investors enter the week on edge after the dow dropped 2 , then on monday the plunge continued. The Dow Jones Industrial average losing 1175 points, a 4. 6 decline, now off 1. 5 for the year. Last week we had the selloff occur in the context of a monotonous rise in treasury yields, whereas today yields have come off a little bit. That suggests for the first time it was about Risk Management and position reduc
But first, to our lead. Snap spiked after a blowaway fourthquarter earnings report, with revenues topping estimates for the First Time Since the company went public almost a year ago. The earnings were buoyed by momentum in the ad business and user growth. Snap said fourthquarter sales jumped 72 to 785 million. Its daily active users are up 18 from one year ago. We broke it down with a market analyst, deborah, and a bloomberg reporter sarah frier, who covers snap. What did snap get right this quarter . Well, they have been transitioning their advertising business to make it more automatic, more programmatic, selling ads automatically, which means they can have a bigger base of advertisers. The price of ads has gone down, but the volume in the amount of time people look at these ads is going up, so snap has been able to really make this work for them this quarter for the first time. Emily deborah, what is jumping out to you . We know they have been doing a lot, the whole redesign, perha
But first, to our lead. Snap spiked after a blowaway fourthquarter earnings report, with revenues topping estimates for the First Time Since the company went public almost a year ago. The earnings were buoyed by momentum in the ad business and user growth. Snap said fourthquarter sales jumped 72 to 785 million. Its daily active users are up 18 from one year ago. We broke it down with a market analyst and a bloomberg reporter sarah frier, who covers snap. What did snap get right this quarter . Well, they have been transitioning their advertising business to make it more automatic, more programmatic, selling ads automatically, which means they can have a bigger base of advertisers. The price of ads has gone down, but the volume in the amount of time people look at these ads is going up, so snap has been able to really make this work for them this quarter for the first time. Deborah, what is jumping out to you . We know they have been doing a lot, the whole redesign, perhaps we are seeing
Alan joyce. From a one headline monthly job report can reverberate, not just through stocks, bonds, currencies in the u. S. , but around the world. Wages accelerating, the rate hikes accelerating not just from bonds 8 but for pure but 4 . It was the move down and stocks that caught everyones attention and makes us wonder how this carries through in asia. Typical big story in the u. S. , but anyone watching markets, i am serious, this u. S. Baton has been passed Asian Traders and they will determine what happens next. Yvonne i think there is still some time between now and the game for us to talk about what is happening. Of mentioned a little bit equities, that could do some damage in asia. Kathleen how about halftime, you can watch Justin Timberlake and us too. A new round of earnings come big focus on bonds will dominate wall street this week. Su keenan is here to wrap it up. Bull story,bond stock bulls rattled by fridays close. Lets check it out, 666, an ominous number. In two weeks.
Finds over the carmakers cheating jay y. Lee is set free from jail shares of the tech giant trade higher and German Coalition talks continue past the sunday deadline as Angela Merkel conservativ conservatives and the spd fail to find Common Ground on the labor policy okay lets bring you up to speed with the eurozone pmi numbers if im just trying to bring them up here. And i think oh, here we are, eurozone generally, final composite pmi number is a strong one on the face of it. 58. 8, 58. 6 was the flash number, so weve exceeded expectations on that one. The december final number was 58. 1 so, this is a very strong number for the head line final composite. Lets break this down. Final services pmi coming in at 58 above the flash figure of 57. 6 the december final figure was 56. 6 the final composite price for pmi, 54. 8. 54. 6 was the flash, the final, 58. 2 so far, so good. The numbers are exceeding what we saw in the prime month and also at first blush. New business pmi, lets give you