Are seriously injured in more than a dozen fast spreading wildfires in a north California Wine country. A fire official says at least 1500 structures are destroyed. And turkeys president says the washingtonspute that is having is very saddening. The dispute started after turkey arrested a national that worked in a u. S. Consulate. And senator feinstein is throwing her hat into the ring toin, the democrat taking social media to say she is running for a fifth term. Global news 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries around the world. This is bloomberg. Cory im cory johnson, in for emily chang. This is Bloomberg Technology. Coming up, russias google connection and googles russia connection. The Big Tech Company saying they took money from the kremlins sponsored hackers during last years president ial election. Well discuss googles role in fake news. Plus, tech and taxes. Apple ceo tim cook meets with macron in. Emmanuel paris as they waive sweep
This is a sign the story implies of mounting counterparty concerns. Now, remember, they have thousand of counterparties out here, so this is a small group. But there you see Deutsche Bank down about 6 . Its had an immediate effect on our market here, perhaps an oversized effect. If you look at the s p 500 because as the story came out, we were tooling along just about in the unchanged level, you can see that it, too, dropped rather noticeably. Theres the dow industrials. Put up the bank index, the kbe and here in the United States, which is a basket of all the large banks here in the United States and that immediately dropped. Take a look at the bank here. This gives you indication of whatever, if any probably have nothing to do with jpmorgan for example. Even its to the downside. Signs this is a bit likely on the excessive side. Hardly likely theres an impact on jpmorgan at all. Rest of the market, there was a general decline overall. Even Consumer Discretionary stocks. No impact from
There are lingering concerns about alibabas ability to up international revenue. Chairman jack ma Just Announced a hiring freeze. There are concerns about their relationship with the Chinese Government, which said they are saying alibaba is not doing enough to crack down fraud on the site. I spoke with the new ceo, daniel zhang, a former accountant, who went from cfo to coo and now ceo. I asked him what he plans to do differently and when alibabas Management Team will stabilize. Daniel we changed the leadership in our fields. We believe that today is the right time for us to bring the young generation to the leadership. As you know, alibaba this is a long journey. We need the young generation to participate in the leadership and lead the company to the next part of journey. Emily how will you bring more talent into the leadership and management roles . Daniel today if you look at our key Business Units and all the leaders are out of 1970s. Were also trying to bring more and more 1980s,
About alibabas ability to up international revenue. Chairman jack ma Just Announced a hiring freeze. There are concerns about their relationship with the Chinese Government, which said they are saying alibaba is not doing enough to crack down fraud on the site. I spoke with the new Ceo Daniel Zhang, a former accountant, who went from cfo to coo and now ceo. I asked him what he plans to do differently and when alibabas Management Team will stabilize. Daniel we changed the leadership in our fields. We believe that today is the right time for us to bring the young generation to the leadership. As you know, alibaba this is a long journey. We need the young generation to participate in the leadership and lead the company to the next part of journey. Emily how will you bring more talent into the leadership and management roles . Daniel today if you look at our key Business Units and all the leaders are out of 1970s. Were also trying to bring more and more 1980s, 1985, 1990 young generations
Up 45 , and the company turned a 464 million profit. There are lingering concerns about alibabas ability to up international revenue. Chairman jack ma Just Announced a hiring freeze. There are concerns with their relationship with the Chinese Government, which said they are saying they are not doing enough to crack down fraud on the site. I spoke with the new ceo, daniel zhang, a former accountant, who went from c. F. O. To c. O. O. And now ceo. I asked him what he plans to do differently and when alibabas Management Team will stabilize. Daniel we changed the leadership in our fields. We believe that today is the right time for us to bring the young generation to the leadership. As you know, alibaba this is a long journey. We need the young generation to participate in the leadership and lead the company to the next part of journey. Emily how will you bring more talent into the leadership and management roles . Daniel today if you look at our key Business Units and all the leaders are