Tencents blowout earnings. Sales jumped more than 60 in 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 private startup deals ever. The service has approved softbanks offer to buy a 1 billion stake. Softbank and other firms will be allowed to invest up to 1 billion in uber, and can buy out up to 9 million in shares. I caught up with cory johnson and Bloomberg Technologys 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, dragon year and a , number of other potential buyers. But the thing we have been negotiating over for the last many weeks now if those governance reforms and also sort of the process by which softbank would buy the shares. Emily so, talk to us ab
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 softbanks offer to buy a 1 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. He made some compromises and benchmark made some compr
2. 48 our roadmap begins with futures on the rise as the tax bill passes the senate set to pass the house again. Well get the latest on what the highly controversial plan means for business and individuals. Fedex shares are up on strong earnings and ceo laying out how he believes the new tax plan will benefit his country. Bitcoin in bear market territory. Well look whats driving the wild xring swings and one crypto is out. One step away from the president s desk, the senate pass the gop bill along party lines after amending it because of a procedural snag legislation goes back to the house for a revote slated to take place in a few hours. The president will hold a News Conference afterward gary cohn, the chief white house economic adviser spoke to mike allen a few moments ago. This is what he said about taxes and how the stock market is spend responding. I think theres more momentum in the stock market. What do those two baskets tell you that tax cuts are not priced in the stock market
Democrats said no. The house will have to vote on the deal again. Its a formality. Biggest tax shakeup in generation. The winners, in my opinion, business, lowtaxed states. Wall street journal says it is a return of the politics of growth. Democrats hate it, senator schumer says its a disgrace, absolute disgrace. Elizabeth warren calls it a tax heist and Bernie Sanders says it plays to the billionaire class, but it is a win for President Trump, maybe thats what the left just cant stand and the president tweeting that he wants to hold a News Conference this afternoon. Today december 20th, 2017 historic, Merry Christmas, everyone. Varney company is about to begin. With further amendment, the tax cuts and jobs act is passed. Stuart bit more applause confetti, why not . We added that. Not that much applause and cheers from exhausted senate last night that. Was the scene on capitol hill when the bill passed the senate. For technical reasons the house has to vote again, as we said, thats a f
16. It is not letting up with the cycloned bomb getting ready to hit the east coast with snow and high winds. More than 2000 flights have already been canceled. This is bloomberg. Im Alisa Parenti. Bloomberg technology is next. And thism emily chang, is bloomberg technology. Tesla struggles to manufacture for the masses, pushing back a crucial Production Target. Plus, blackberry Ceo John Chen joins us to talk about the companys partnership with baidu and its push into self driving cars. Hasssaging app used in iran been blocked as a wave of antigovernment protests sweeps through the country. How social media is shaping the sentiment. Tesla has pushed back a Production Target for its allimportant model 3 yet again, after shipping fewer cars than expected last quarter, shedding more light on elon musks production hell. They expect to hit 5000 cars per week to the second quarter, delaying the goal by three months. Tesla trailed analysts estimates of just over 2900 units. Max, why are these