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that happening? david: all of that next on bloomberg best. david: hello, i am david gura. welcome to bloomberg best. a weekly look at bloomberg elevation and analysis from around the world. let s start with a day by day review of the top headlines. on monday, the markets started like the week before, with a big selloff. stephanie: an unbelievable day. at one point, you had the nasdaq off by 3%. but into the close, stocks made contributed to a rally. the s&p only off 26 points. the dow only up 177 points. and ugly day, but it could have been worse. what you attribute the selloff to, what is going on? there is more anxiety about the financial sector. even a few weeks ago, it is a relatively new development. the focus is mainly on european banks, but a few things have been driving markets lower. last week, most of the economic data, even the u.s., was on the soft side. it is reinforcing concerns about the health of the global economy, even the health of the u ....
sir michael, thank you so much for joining us. sir michael: it is a pleasure. emily: you wrote this book with another sir, sir alex ferguson, the legendary former manager of manchester united. he is one of the revered names in football, or as we call it, soccer. what drew you to this project as a journalist turned tech investor? sir michael: i always followed united. not as a raving fan. but as a young boy, i started to follow them and i followed them through the years. but then, working in silicon valley, working hard to help build sequoia, i was very curious about organizations that had succeeded for a very long time, and performed at an extremely high level. and particularly those organizations that had been run by one individual. and there just are not that many of them. emily: you both, in your careers, have been tasked with taking undervalued assets and making them profitable. sir michael: he grew up in scotland, and i grew up in wales. both of us sort of have an ....
in business show. in silicon valley, they are in their own world. they are scaring the hell out of some people. shery: plus the singapore airshow. it is all ahead on bloomberg best. shery: hello. i m shery ahn. welcome to bloomberg best, a weekly look at the most important news and interviews from bloomberg television around the world. let s begin with a day by day review of the week passed k s headlines. new concerns of the yuan. what did he say, what was significant? the message in and of itself was not new. we are not engaged in the current evaluation evaluation. the fact that he said it at all the key message is we are not going to push the currency down. we do expect volatility along the way. there is essential message coming from china that is not about devaluation. that is what a lot of asset managers this morning said. the fact that he said anything was a sign of support. the senior economist in singapore is saying the report we got on the trad ....
Transcripts For BLOOMBERG Studio 1 20160206 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
Transcripts For BLOOMBERG Studio 1 20160206 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.