We will be active in payments services, congresswoman, and enable all of these people who dont have access modern Payment Systems to move their money around and have access to World Economy and will be in the payments business, as far as colibra wallet. Let in ask you another question on governance. In your open statement you said it would nothing be overpowered by facebook because you would only have one vote. So, in the world of banking, because in my mind its still banking, were dealing with a lot of banks who merged so lets sea with your one vote you would buy stripe or you would buy spotify. Would that now just give you the one vote or guff you more control . Because we know these things merge and get bought out all the time. So if you bought to the things would that give you more power. It would not, congresswoman, because in the way that the governance is currently structured no one entity can have more than one voice or one percent of the vote. So let me go to someone asked bit
Shows like Stranger Things. Elon musk claims his new technology can redirect mind, announcing his latest startup has successfully implanting wires into brains and enabling a monkey to control the computer. The next goal, human trials. We begin with the hearings on capitol hill. Facebook, amazon, apple, google all appearing in washington to answer lawmaker questions on antitrust, social media, and cryptocurrency. The first to be raked over the coals, facebook, as the Senate Banking Committee Fired searing questions at the cocreator of the social networks cryptocurrency project. We will take the time to get this right. Wouldnt it be easier and safer if people could securely receive money transfers through their smartphones, just like they do for so many other things . Thats what libra was about. Emily virginia democratic senator mark warner grilled the libra chief on tuesday. We caught up with him after the hearing. I think Blockchain Technology, even the possibly of cryptocurrencies, ha
Maxine waters. Mind games. Technology can read a rats mind. Goal, human. First to our top story. Netflix tumbling after the streaming giant reported a loss of u. S. Customers for the Second Quarter. Earnings renewing prospects. Netflix says it lost 130,000 customers in the United States as a result of higher prices and a weaker slate of shows. It is signed up 2. 7 million subscribers globally, also missing projections. Joining us now to discuss the underwhelming results, michael and bloombergs luca, who of course covers the company. Michael, this is the first time the company has lost subscribers since 2011 when they split the dvd and streaming business. What is your top reaction . Luca becauseborrow he tweeted he is tired of talking about this. Increases derived. I think they are probably bumping up against a ceiling of what they can charge and continue to grow. I personally believe they will keep 80 of their domestic subscribers, as high as a 20 monthly charge. But their last 10 mill
End up taking away some services i want to know when we start suing European Companies to get back what they steal from our companies. Every time you get a 5 billion charge against an american tech company, lets sue them back which ones . Take s. A. P. Thats the only one they got they basically legislate innovation out of their business in europe. Well dig deeper into this. Its something the markets are focused on you think election cycles end . I think well go through an intense 18 months. Get a week off. Do we get a week . This cycle it will be about bashing tech it wont be about bashing healthca healthcare youre a good outsider looking in you have great oil and gas stuff. Good miners. You will blackberry for a while. That seemed okay you had a little tech. You admire what were able to do down here. Im a huge investor down here i know. I think the biggest trade opportunity in the next five months will be taking u. S. Dollars, converting them to canadian you would have to beloony t do
Look at what to some other action was taking place in the markets. What were you watching, abigail . Abigail im going to talk about the risk assets but on a longerterm basis this comes from bank of America America lynch. He joined us for charting features. What we are looking at and yellow is the s p 500 going back to january, 2018. In blue, highyield bond index. In white, that investmentgrade bond index. We see as the s p 500 was putting an alltime high and a strong january, those bond indexes were sliding. As the s p 500 climbed into its september alltime high, they were climbing a little bit but pretty tepid. Out of the Fourth Quarter bottoming, a huge rally for stocks, investmentgrade bonds and highyield bonds. Believe a steve to new alltime high is ahead for the s p 500. Emma of course, the big move in markets today came in the oil markets. Both wti and brent crudes rising about 4. 5 . Should be able to show you a chart that shows as the highs of brent crude, the biggest intraday