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open. a last-minute compromise comes together. the bank of england says it may be time to tighten soon. more like two and through. ramy: scandal forces steve wynn is from the helm of his empire. and companies around the world release 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. ramy: it is all ahead on bloomberg best. 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 yie ....
be time to tighten soon. more like two and through. scandal forces steve wynn 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 reduction. ....
but first, to our lead. snap spiked after a blowaway fourth-quarter 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 fourth-quarter 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, t ....
made have an old fighter print the did not say one and done. companies around the globe unleashing a tsunami of earning reports. confident we are going to stay very disappointed. cooks it is about being the most positive. it is also the head on bloomberg bus. hello and welcome. this is bloomberg bus. mosteekly review of the important business news, interviews from bloomberg television around the world. onestors entered the week edge. after the dow jones dropped. monday the plunge continued. jones was in a 1100 points in one day. it is now down for the year. last week we have the monotonous rise in treasury yields. to the yield comes off a little bit. for the first time it was about risk management. the cta trend followers. it has been for the entire last week. they are looking and say in may be tax reform is not entirely a great story for all companies. it started to dissect after you that is what has them spooked. we have some price discovery right now. off k ....
see. workshop hathaway, warren buffett said he needs a quiet 2017. betty: it has been everything but quiet in the equity markets these days. out, but it to close want to point to you a chart. g #btv 9668, which is what we have seen for huge amounts of price swings in the equity market. if anybody doubted whether or not volatility was here to stay, just look at this chart here it it shows you the difference between the highs and lows on average on the s&p fearing s&p. right, butett is 2018 is a totally different story. you just saw on the right-hand side with how big those differences are in the highs and the lows. you can see that even on friday, the s&p rising by 1.6%. the dow swinging back with these huge gains 350 points. the nasdaq also rising by 2%. it will be interesting to see, with all the news coming up this week, what price action we will get starting monday in the u.s. yvonne: it seems like we bucked that trend selling on friday. the relief are a lot of e ....