Today, and then he said he did not think they needed to do 50 basis points. That is one of the key questions wall street has had. How far do they go if they go on july 31 . Suggestions from jay powell suggest the center of the fed has not changed. They will closely monitor the data and act as appropriate, which is exactly what he said at his News Conference a week ago after the fed meeting. He said the economy is in pretty good shape, describes in the same way that he did with strong consumer spending, weak business spending, concerns about trade. Nothing new from powell in his remarks that would change the calculation. However, he will be taking questions from people at the council on Foreign Relations, so we may look for some elucidation there. Vonnie repeating again that the fed is weighing whether uncertainties call for using. Call for using. Call for easing. I was struck by what kathleen asked, bond buying in europe, and also japan. He made comparisons in some ways to both economi
Patriot Missile System from radiant. But as a we have from raytheon. Wonder how much trouble i will be in if i keep using the pound. Equity markets being patient ahead of the federal reserve. All the major averages unchanged. Flat forll it, mostly the day as we await the 2 00 p. M. Decision. It is all about the bond market. Take a look at the threemonth 10 year, 20 Straight Days of inversion. But because we have a list of yields on the long and, instead of 20 basis points, we are now only about 12 basis points on the threemonth 10 year. You had trump treating to mario draghi about not weakening the to mario draghi about not weakening the euro. Guy we will wait to see what f the central bank low signal, will it be a willingness to cut rates, maybe not today, maybe the next few days . Mas,ing us is charles du chief economist at ts lombard. What do things are chance is the fed comes out in signals that the market is right, we need to lower significantly and get on board with this idea. A
Larry . And weighing in on the cryptocurrency. First, to our topsoil. A direct listing on thursday. Yet waiting to see what the Reference Price will be. The they find themselves in beyond meat camp with a sizzling debut or will it be more like a sizzle like uber and lyft . Product growth. It grew from half a million almost 6 million. New column out. Lets start with you. , youformer head of growth have a beloved product, but Revenue Growth is slowing down. Cannot be we accelerated . Accelerated . E slacker is really coming into the workforce. Emily you think that it could start to grow faster than it has . I cannot make predictions on how they will do, but i am excited about mistakes. Anywhere have heard from 16 to 20 billion. How does that compare . These young and fastgrowing companies are beating at what seems to historically rich valuation compared to their revenue. You mentioned the column that i wrote about this new stratosphere of multiples of revenue. Think we have seen it befor
Than 120 countries. Im jessica summers. This is bloomberg. Bloomberg technology is next. Emily im emily chang, and this is . Bloomberg technology. Is bloomberg technology. Titans hope to find common ground, despite the growing divide between washington and silicon valley. Plus, Sheryl Sandberg opens up in a bloomberg exclusive. The facebook coo gives us her take on Small Business, big branding, and cashing in off advertising. And blue apron prepares to go public under the shadow of the amazon whole foods deal. We are looking at how last weeks megamerger news could rattle plans and an industry food fight that is starting to get messy. First, tech executives are currently at the white house for the first meeting of the American Technology council. Among the attendees, apples ceo tim cook, microsoft ceo satya the della, and amazon ceo ceo and amazon ceo jeff bezos. We began by analyzing and auditing our current infrastructure. It turns out that federal agencies collectively operate 6100 d
Tech. We talked to the founder of code for america who was in the room for the first meeting of the American Technology council. But first, to our lead. Travis kalanick is officially out as ubers ceo, resigning from the company he cofounded. Kalanicks resignation comes a week after the board announced he would take a leave of absence following months of scandal and employee exits. However, the pressure did not come from the board. Instead, in a rare move, investors pushed kalanick to step aside. It these investors poured more. Han 15 billion into uber Caroline Hyde broke down the news with our bloomberg tech reporter Eric Newcomer and a partner at the lead edge and investor into uber. Kalanick hoped it would satisfy critics and give him time to recharge after the death of his mother, and sort of, somewhat take responsibility for the findings of the holder inquiry. But then it clearly was not enough. Bill and some other major investors in uber sort of let led this campaign to tell travi