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In two hours, lets head to the market desk where shery ahn has the latest. Pressureeing downward across the board, seeing the s p 500 halting four weeks of gains to lose. 4 . Much ofjones falling as the last nine days of gains, and the nasdaq down. 2 ahead of Central Bank Decisions later this week, including the fed and more corporate earnings results. Take a look at the imap function on the bloomberg. You can see that most sectors are in the negative, and who is leading the declines . Energy shares leading the declines, down 2 for the sector. We are seeing oil at the lowest in more th two months. Factoralso seeing one that is up today retailers. Thats on news that lvmh is selling. Karen for 650 million. They are seeing nordstrom, gap, urban outfitters, all the retailers gaining momentum. Wheels are heard from analysts saying that gap is seeing more favorable conditions, up more than 3 . Wynn resorts moving today after j. ....
To me, it has been a blend of , where i get my quality time with them and watch them grow and learn in my background, artificial intelligence, basically how people learn. To watch her own children learn, it is incredible but also, i love to work and have a big and have that to bond with them over. It is important to me to keep going. With able to come up planted working style that incorporates them but still allows me to prioritize, it is important. Emily nice to hear you have some word all the way down to 3. 5 years old. Andk you for joining us thank you all for listening on the radio. Jonathan, i will end it to you. Jonathan thank you. To bring in the Technology Executive editor here at bloomberg. She talked about a change in the world at yahoo did yahoo change the world, to the world change in yahoo didnt . Isnt that the real story over the tenure . Absolutely. , theave to look back company had a lot of opportunities to s ....
Great reporting by alex sherman over the last few days for this. The verizon sale will not include yahoo cashiers in alibaba, and verizon will be integrated with aol. Alex sherman is joining us now. You scooped this on friday. Talk us through what happened in the last 72 hours because there were still stumbling brocks tumbling blocks on friday. Alex verizon was always a favorite and we have been talking about that since january. Verizon upped its bid. In the last round of bids, verizon was still only bidding between 3. 75 billion and 4 billion. That was not the high bid. Yahoo had more or less put pressure on verizon saying if you want to buy this thing, you have been the presumptive buyer the whole time, you have to step up and increase the bid. We realize you do not want the nonessential into little property that is not part of the deal, but you still have to bump it up a little bit. Verizon figured when push comes to shove, at the very end here, that is when we will make our move. B ....
Terranova, jim lebenthal, josh brown and Pete Najarian. How worried should people be this week for a sector thats made a nice comeback . Not worried at all. The sector is rallying into this dnc and a big difference between word and deed. Very easy to put things in a platform, harder to actually enact them. And history suggests that these things typically dont play out based on the worst case scenario. Most important thing here, scott, technically speaking, look at xpi, equal weight biotech index. A much better measure of the broad sector than the ibb. That is on the verge of a breakout. 60 resistance and a pattern of higher lows. Exactly what you want to see. Sellers are less aggressive. Buyers more aggressive, and once this thing gets going, typically set up for a nice run for a little time. I would not be worried about headlines this week. Theyre just headlines. Theyre not actual policies. Pete, word alone, though, to sort of ref ....
Some bids today for sure. I dont expect an announcement today or, frankly, anytime too soon. Frankly, the whole process has been a bit of kabuki theater, in my opinion, and i think if im sitting there and looking at bids, ill analyze those. Probably go back and forth if im bankers and the company, to those bidders. It also sounded to me, some bidders might have needed a little more time. I expect some bids today, analyze that. Maybe a week, two weeks, beginning of august. The only wild card, i think, could be if somebody lobs in a, you know, over the top bid and says, were going to give you 48 hours to react, but i dont expect that. How high do you think the winning bid will ultimately be . Suntrust bob peck, who you know well is talking about perhaps 6 billion. Is that likely . I think bobs done probably the best work from an analysts standpoint on this whole escapade. This notes have been, i think, right on. I expect the company to trade in the, maybe, 3. 5 billion to 4. 5 billion ra ....