it take to get formula on store shelves? good morning. and welcome to way too early. on this tuesday, may 17th. i m jonathan lemire. we start in buffalo, where president biden is expected to renew calls for national gun reform legislation during his visit there today. according to a white house official, the president will ask congress to take action against quote weapons of war, and curb access to guns for people with serious mental illness. this trip comes as information continues to surface about the alleged shooter in saturday s attack. a review of hundreds of pages of internet posts, nbc news reports the 18-year-old suspect was planning the attack for months and intended to continue the violence at other locations had he not been arrested. two possible plot, a black church in buffalo and an elementary school in the city. the author of the posts wrote that they were targeting the school because of its predominantly black student body which they found by looking up tes
Coming up after the bell, netflix and tesla. Netflix is going to reveal quarterly numbers, and ahead of it, it is trading down. We just hit session lows for netflix, pop down to the bottom, the stock stands at 345 and change, down 2. 7 . For the month necessary flint has netflix has not been pretty, down about 12. 5. Quickly checking on tesla, down 4. 8 ahead of earnings there. But keep in mind both are expected to report numbs that are higher numbers that are higher yearoveryear. All right, were looking at definitive riskoff sentiment as we kick off the final hour of trade. The bulls are many retreat at the moment. Weve got the Dow Jones Industrials down 257 points, s p losing 50, the nasdaq down 194 points or 1. 5 . But just as tocks wither, brent crude this is the International Oil bench of mark gushing above 91 a barrel as the israelhamas war reaches a new boiling point. Just 24 hours after a missile hit a hospital in gaza killing hundreds, both the u. S. And Israeli Intelligence a
Reduce what it does through bankruptcy. Greece has declared a national day of mourning after floods killed at least 15 people on wednesday. The flooding came after a severe overnight storm brought driving rain to the greek capital. Roads turned into money rivers muddy rivers that carried away vehicles and tossed them into piles on roadsides. More torrential rain is expected tomorrow. 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. Bloomberg technology is next. Emily im emily chang, and this is bloomberg technology. Stocks slide, equity falls. Tech stocks at record levels. Is there a massive pullback to come . Can blackberry make a comeback with software . We will hear from the ceo in an exclusive interview. Tencents blowout quarter. Sales jump more than 60 in the last quarter. We will discuss the companys secret to continued success in asia and its u. S. Ambitions. First, to our lead. Cauti
The last quarter, we will discuss the secret to the companies continued success in asia, and u. S. Ambitions fortencent. Wilbur has set the stage for one of the biggest writing services softbank and other firms will be allowed to invest up to 1 billion in uber, and can buy out the 9 billion in shares 9 million in shares. I caught up with cory johnson and eric newcomer. Basically everything except the price, which is key. Who the sellers are, we dont know that for sure and therefore we dont know the total amount that is up to be bought. We have sort of a slate of governance reforms and we have softbank and a number of other potential buyers. The thing we have been negotiating over for the last many weeks now is those governance reforms and the process by which softbank would buy the shares. Emily talk to us about some of the governance reforms. There was some contentions. Steve made some compromises, benchmarks made some compromises. Tell us about those. Eric travis wanted benchmark to
The last quarter. We will discuss the secret to the companies continued success in asia, and its u. S. Ambitions. Uber has set the stage for one of the biggest deals ever. The service has approved buy a 1s offer to billion stake. Softbank and other firms will be allowed to invest up to 1 billion in uber, and can buy out the 9 million in shares. I caught up with cory johnson and eric newcomer. We have basically everything except the price, which is key. And who the sellers are, we dont know that for sure. Therefore, we dont know the total amount that is up to be bought. But we have sort of a slate of governance reforms, and we have softbank and a number of other potential buyers. But the thing we have been negotiating for the last many weeks now if those governance reforms, and the process by which softbank would buy the shares. Emily so, talk to us about some of the governance reforms. There were some contentions over Travis Kalanicks role. They made some compromises and benchmarks mad