Many people. Tencent is one of the most active investors in the world. More than 450 investments under the companys umbrella and that is more than the number in softbanks universe and includes names like tesla, snap and epic. Thirdly, american businesses operating in china, like mcdonalds and starbucks, they rely on the wechat app for their operations so being cut off could jeopardize their business there. There are so many questions still outstanding but its really hard to understate the importance the daily role of wechat for chinese internet users. Its called a superapp people use it for everything from messaging and booking a doctors appointment and we dont have an equivalent here. Tik tok is popular in the u. S. Its looking at a sale to microsoft so it could get around that ban there is no such option for wechat, carl weve tried to explain to investors just how important it is on the other side of the world. Lets bring in global head of Technology Investment strategy at deutsche.
That a suspect described only as an asian man in his 20s was wounded and taken to the hospital. Police say he was armed with what turned out to be a fake gun that he was waving in the air. At last word, he is expected to survive. Hayward police opened fire on a suspect on busy mission boulevard near valley vista at about 9 00 tuesday morning. A witness told ktvu he was armed with a gun. For several hours, Hayward Police shutdown mission boulevard between tennyson and industrial and investigators diagrammed the scene and look for evidence. Eyewitness told ktvu he was driving south on mission when he saw a man dressed in black and White Clothing and armed with a very large handgun. He said the man pretended to fire the weapon at passing motorists. What i saw was a gentleman pointing at a car in front of me and pretended to shoot it. He then pointed a gun directly at me. I was probably 35 feet away and pretended to do the same thing. I looked write down the barrel of the gun pick reporter
Grasso is back welcome, steve. Thanks for having me. Technology making a move higher thanks in part to the semis. First you have that semi upgrade from Goldman Sachs thats put a flame underneath the whole space. Theyre leading and also have the f. A. N. G. Stocks reporting. Thats what is driving the market action. Does it tell you something about the cyclical leaning. It tells you it gives you the impetus of, hey, what got us there . What is going to be the mainstay people like to keep riding the horse thats delivered the returns and that horse has been tech. Horses are scary. Lets drill down on the big stories were watching a meeting with chip executives will take place. Phil lebeau, a credit warning or boeing and bob pisani are looking at the other moves and seema mody looking at the impact on oil and iran. Ylan, lets start with you. Its expected to get under way in a half hour several of the executives are already here my colleague Kayla Tausche and i have confirmed some companies a
We have set up a highfrequency trading bull and bear to battle it all out. As the president spends the day focusing on School Safety following last weeks shooting at Parkland High School in florida, blake burman grills the president s economic adviser about the administrations myth on that promised 4 growth. Blake will join us and youre going to see how it all went down. Amazon accused of corporate welfare for Holding Contest to get the best deal from communities across the nation in search for a Second Headquarters. Hillary vaughn live on the billionaire brothers who have actually taken corporate welfares themselves and why theyre accusing amazon now. And did you see this . Kylie crushes a stock with a single tweet. Kylie jenner puts out a tweet about aump and try to take it back because it was negative. The stocks the kardashianjenner tweet sent stocks snapping into a nose die. Less than an hour to the closing bell, investors are not happy about that. Lets start the countdown. Liz br
Where thee at a Forum Library will be unveiled. They will donate 2 million to summer job efforts. Im Alisa Parenti, and this is bloomberg. Emily im emily chang and this is bloomberg technology. Coming up, face the 2 million monthly active users, but couldnt add slow down be looming . We hear from the coo Sheryl Sandberg on their earnings report. Plus, tesla bulls can breathe easy for another quarter as the company confirmed its anticipated model three massmarket is on track to begin production on time. And our extended interview with ,ilicon valley veteran chamath taking on everything from President Trump, to advise for travised goober ceo kalanick. First, facebook shares are down after a quarter that missed earnings. The Biggest Tech Companies keep getting bigger, though, and facebook is no exception. They are at 1. 9 4 billion users, and at this rate, they could hit head 2 billion total users by next quarter. Another contributor is mobile advertising. Thanks in part to instagram. The