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a showdown between the warriors and the cavaliers. the warriors won the series last year and are defending their title. global news 24 hours a day, powered by our 2400 journalists in more than 150 news bureaus around the world. from the bloomberg news room, i am mark crumpton. bloomberg west is next. cory: i m cory johnson, in for emily chang. right sharing startups are duking it out globally. uber announced a $3.5 billion injection from the saudi sovereign wealth fund. we will catch up with lyft s chief business officer. he st moneys tells us why betting big on tech renewables. fox takes a beating, shares down the most in four months despite a strong sales number last quarter. what happened? the company ceo joins us to discuss. billion of new money has been invested in the right sharing industry since the start of 2016. this week we learned the saudi sovereign wealth fund is writing $3.5 billion,or and there is more to come. uber s biggest rival in china says it is ....
been reluctant to normally support mr. trump. turkey has recalled its ambassador to germany. he vote increases tensions between turkey and germany at a time when ankara is playing a key role in slowing the flow of migrants to europe. the nba finals begin tonight. a showdown between the warriors and the cavaliers. the warriors won the series last year and are defending their title. global news 24 hours a day, powered by our 2400 journalists in more than 150 news bureaus around the world. from the bloomberg news room, i am mark crumpton. bloomberg west is next. cory: i m cory johnson, in for emily chang. right sharing startups are duking it out globally. uber announced a $3.5 billion injection from the saudi sovereign wealth fund. we will catch up with lyft s chief business officer. ernest moneys tells us why he s betting big on tech renewables. fox takes a beating, shares down the most in four months despite a strong sales number last quarter. what happened? the compan ....
with the matter. matt: headlines coming out from imf chief christine lagarde, giving a speech at the new york fed. she is saying that small nations are at risk the of you banking regulations. big banks have curtailed riskier often ints that are small countries. they are pulling out their operations, leaving small countries with a lack of credit. she will be giving us headlines throughout the next hour. then we will hear from christine lagarde. scarlet: because later on, bloomberg s exclusive interview p.m. ame lagarde at 1 1:00 p.m. today. let s get to the markets now. we are halfway through the u.s. trading day. on whats been checking the markets are doing. what can you tell us with the indexes all higher? i want to mention, going back to fiat chrysler, and the news that the doj is potentially looking into the company for securities fraud. you mentioned the stock it has now taken a leg lower. down by about 2%. we will keep monitoring. it may have taken a few moments ....
saying that it didn t expect the fed to tighten. you could see it, it rallied in the brief one-week period where it seemed like maybe they d tighten and raise expectations to 40%. after that crummy unemployment number gold rallied again saying they re not. today is interesting to me because it s rallying along with the safe havens. i don t think it s telling us this is any global panic. what it is telling us it not ohm fits in with the weak dollar trade it also fits in with the safe haven trade. i ve been on this all year and pretty harrowing times for a while but i like it now. this is jim says jack a kind of risk-off trade not an inflation protection trade. there ain t no inflation out there. how do you see gold? what is it telling you? tyler, there say big, red flag with what s going on in gold and people need to heed that warning. it s telling you there s been a loss of confidence in central banks. it really started a few months ago and it s been creeping and on ....
to that vote. they have turn into small losses for the industrials. down ten points. nasdaq holding ton a very slim gain of about 4 at 4847 and the nasdaq is higher by 1.6%. let s kick it off with the first of those bs and that is the brexit vote countdown. we are just 12 hours, 59 minutes, 11 seconds away from the vote opening up in the uk. the polls do seem to show rather even split for stay or go. perhaps the market and the wisdom of crowds is selling more of a stay story. the uk stock market having a great run lately. we pointed it out yesterday. we re up again today. four days in a row of gains for the uk. the banks doing especially well. barclay s, for example, up 10% over the past week. some of the other ones, lloyd banking group, prudential have also done very well. let s look at the british pound. it s been on fire lately. in fact, a few days ago the pound had one of the best days in a decade. as you might imagine, we re going to have lots more coverage of th ....