Quintanilla with Morgan Brennan and john fortt on the New York Stock Exchange the social network looking to emphasize posts from friends and family Mark Zuckerberg writes, i expect some time on facebook and measures will go down. As facebook deprioritizes news, the former president obama was on the First Episode of lettermans new show on netflix, where he addressed the issue of news on social media listen to that whatever your biases were, thats where you were being sent, and that gets more and more reenforced over time thats whats happening with facebook pages where more and more people are getting their news from. At a certain point, you live in a bubble and thats part of why our politics is so polarized i think it was a solvable problem, but i think its one that we have to spend a lot of time thinking about. Two conversations here this morning, one is about the ad revenue impact and the share price, obviously, were going to coff cover that but longer term its a question whether or n
The riskoff sentiment also rattled the crypto world bitcoin falls to 6,000. But the ceo of bp tells cnbc that the rough years are over for his country, shrugging off the recent market volatility as they post betterthanexpected fourth quart earnings. We have gotten through years of difficulty. This market turmoil, we are only back to where we were on the 1st of january were very longterm good morning a bit of a bloodbath in europe the ftse down about 1. 65 . The dax almost down 2 the cac down 1. 25 and the ftse mib down 1. 25 . Lets look at the sectors across europe its not a pretty picture for any of them. We can see basic resources down 0. 25 . Financial services down 2 down. Industrials down almost 2 not a lot of good news for investors in europe. After a long stretch of complacency, volatility is finally back lets look at the vix. Note that it posted its biggest oneday jump in almost two years. It was interesting to note just the evolution of the selling on wall street overnight. It
Failing to complete safety recalls. The carmaker will now be monitored. Welcome, good morning. Im caroline hyde. He has some breaking news from ubs the bank is publishing secondquarter results early. Lets get out to ryan, at the breaking news desk. Ryan 1. 21 billion is the net income, 53 from what they did last year. Thats better than what analysts were expecting. They expected something closer to 900 million, and the reason is private Wealth Management. Sergio armani issued triumphant earnings today, saying he was very pleased with how things were going. They cut costs and obviously revenue is coming in well. Capital rates shows the company staying above target 14. 4 . These numbers came out earnings came out over the weekend in the swiss newspaper and it left a lot of people confused. Ubs this morning said it also misled people and that is why they moved their earnings up. It is kicking off a very busy week for the bank. Caroline thank you very much. More breaking news lets kick it
Lauren japanese stock inching higher, of course, markets in china and south korea closed for holiday. Cheryl it is friday which means happy hour. We will tell you where to get a onedollar margarita. Fbn am starts right now. Lauren yaw made it to friday, 5 01 a. M. In new york. Thank you for joining us, im lauren simonetti. Cheryl good morning, im cheryl casone. It is friday. Many americans would like a margarita at some point today. Lauren amazing. 5 00 a. M. But 5 00 p. M. Somewhere. Stephen paddock may have been eyeing other cities. Cheryl jeff flock is on the ground in las vegas, jeff, good morning. Jeff good morning to you, we already knew that Stephen Paddock had gone to tremendous links to plan and map out the tragedy that he inflicted from las vegas from the hotel behind me but now we are learning that went to even greater lengths having apparently cased out a festival in chicago, the lalapalusa music book festival, booking hotels there, hotel that is overlooked the festival as
Index is up a fraction. In asia overnight, japan and hong kong higher as you see there, the other markets still closed for a holiday, new details this morning about the man behind the deadliest mass shooting in history, Stephen Paddocks girlfriend divulge jing concerns about possible mental issues with Stephen Paddock as investigators reveal veg was was not the only city he considered for attacks. The latest of investigations as first victims lay to rest. Lawmakers are questioning the need for socalled bump stock, the devices are soldout, new questions surrounding the regulations coming up. Did apple give uber permission to watch your screen. The troublesome report this morning on the access that the Ridesharing Service may have been granted to your phone. Plus, cam newton apologizing. During this whole process ive already lost sponsors and countless fans, i realized that the joke is really on me and ive learned a valuable lesson from this. Maria wow, the star quarterback after sexist