Anna welcome to countdown. Im anna edwards. Ryan im ryan chilcote. Anna at 6 00 lets have a look at the tech sector. Lets start with apple, because i have a chart here that shows the afterhours move we saw this was even after the Company Reported a record thirdquarter profit number. Revenues were disappointing. Ryan this threatens to remove again that apple saw that huge rally of almost 10 . It could be one of the biggest losses ever. Anna more generally, this was the biggest tech rally since october. Will that change in the session today . We have lots to talk about. Apple was just one of a few tech giants that reported in yesterdays session. That came afterhours. Lets get Caroline Hyde and paul sweeney. Great pleasure to have you. Lets continue the conversation with apple and what it is. Caroline its phenomenal when you put it in perspective we could see 66 billion dollars worth of its market cap erased. In perspective, that is more than bmws entire market cap. It is a record thirdqu
Lets do a quick check of the markets. Minutes. Or almost 28 said here,bout the the dollar rallies, that is the only winner today as everyone sells off, including the topix. Here in the middle east, it is just under two hours away from the opening of the emirates market. Lets look a look at what they did yesterday. Dhabi, saudi arabia down a slightly off the back of the fed. Highest u. S. Dollar and potentially lower oil prices. Lets check in on the first word headlines from around the world. Shares in Chinese Tech Company meitu made a trading a 630expected to raise million. They plan to sell 574 million shares at 8. 5 hong kong apiece. s founder and chairman told bloomberg the company has aspirations and social media. Our focus now is to get more exposure and let people know about our brand. A tool forake meitu them, and then a social media app. The yahoo found extended trade after knocking another Security Breach. An unidentified thirdparty stole data from one billion users. Initial i
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 sell to microsoft. Lets not forget. More than 40 billion severa
Million at the start of this month as the overall effective ads and politics is called into question. Are one hour from the close of trade for the day on this shortened weekend stocks are coming back from their lows of the session from earlier this morning. Lets go to the markets where julie hyman has the latest. Julie you have practiced that. Betty vanna white, here i come. We are indeed coming back from the lows of the session. If you look at the one weak performance of the major averages, we see declined snapping their recent streak, the dow down as it goes back toward unchanged today. Been characterized by this change in direction and characterized by lower volume. Group andlume by a you can see all 10 industry belowithading utilities volume down the most. This week has also seen the slowest trading day of the year. We have been watching the sectors with the financials being the biggest weight on negative analyst commentary and that as weng into see airlines and general and General
Have had in the attacks. Global news 24 hours a day powered by 2400 and more than 150 news bureaus around the world. Bloomberg west is next. Im emily chang, and this is bloomberg west. Intel reveals a major restructuring, cutting as many as 12,000 jobs as the pc market heads for a fifth year of declines. We will take you to the details. Yahoo topping estimates as the preliminary bids come in for a company selloff. We will tell you what Marissa Mayer has set about putting yahoo on the block. From the courts to capitol hill, we speak to the congressman theing the charge striking balance between privacy and national security. Intel announces a major restructuring. The biggest chipmaker will cut 12,000 jobs or 11 of its workforce. Shares were halted ahead of the report and now down to percent in extended trading. Intel announcing stacy smith will move to a new role as head of manufacturing and sales. The Company Reported sales of just under 14 billion. Comes with the pc market on track to