[inaudible] that we are having this conversation today and we will try to get back to you is the tenyear anniversary of the debut of the iphone. With that in mind, we are pleased to be welcoming back andrew mcafee. We hosted them for their second book and now they are back tonight with a followup of sorts and that book is the machine platform crowd the Digital Future which we have for sale following the conversation. With a further introduction, the Research Scientist and director on the Digital Economy at mit and both of them on how it is changing business economics. Joining them on stage tonight is a reporter where she covers the start of economies from the magazine where she wrote about business economics for the funny box column. We have copies of the book for sale following the conversation and they will stick around and autograph them for you and without further ado. [applause] thank you all for coming, start by telling us a little bit about your book. The book is available for s
Best day in more than a year, the stock surging to levels not seen since february of 2015, helping the dow to close at a record high, after the retail giant announced a 20 billion buyback. Online sales, according to analysts, will explode in the next year. With walmart trading about 20 times earnings, amazon trades at 250. The question here is, should investors start valuing it like a growing tech company in other words, what is walmart really worth guy . I cant speak to what the valuation should be. Thats what the street is struggling with. They did say online sales will increase by 40 next year. You think about that, i mean, thats for like a startup type company. Thats not for a Mature Company like walmart thats a significant number. You mentioned 20 billion stock buyback. I think thats roughly 7. 5 of their market cap not insignificant. I think thats what people are struggling with. What is the right valuation . I dont know the answer. What i do know and our good friend carter worth
Mark the 500th anniversary of the reformation. news, 24 hours a day, powered powered by more than 2600 journalists and analysts in more than 120 countries around the world. Bloomberg technology is next. Im emily chang in this Bloomberg Technology. Stoxx close that another record high with tech jiving another impact for the as of the. Very where live in london with the latest. Amazon opens its first men have been bookstore, why the ecommerce giant to be late to the brickandmortar injury first, to our lead. U. S. Stocks are reaching fresh records. The s p 500 is pushing its longest rally since february. It is closing at have a percent. The tech sector continues to be one of the strongest performers. Take a look at the bloomberg, you will see the white line which represents tech. It is well above the s p 500 since trump took office. Sector, we the tech talked to demand that is the founder of the Real Estate Company and it is great to have you back. Silicon valley was largely mp but now we
Mark the 500th anniversary of the reformation. news, 24 hours a day, powered powered by more than 2600 journalists and analysts in more than 120 countries around the world. Bloomberg technology is next. Im emily chang in this Bloomberg Technology. Stoxx close that another record high with tech jiving another impact for the as of the. Very where live in london with the latest. Amazon opens its first men have been bookstore, why the ecommerce giant to be late to the brickandmortar injury first, to our lead. U. S. Stocks are reaching fresh records. The s p 500 is pushing its longest rally since february. It is closing at have a percent. The tech sector continues to be one of the strongest performers. Take a look at the bloomberg, you will see the white line which represents tech. It is well above the s p 500 since trump took office. Sector, we the tech talked to demand that is the founder of the Real Estate Company and it is great to have you back. Silicon valley was largely mp but now we
York times leaked photos of the Manchester Bombing scene. President trump and u. K. Prime minister theresa may meeting again this hour at the g7 conference, we are going to bring you the headlines as we get them in. Mark zuckerberg got political at the harvard speech. Hes talking free money from the government. Weve got a big show. Varney company starts right now. Charles we begin on a devastating note where a bus of Coptic Christians. Ashley at last count, 23 People Killed and wounding 25 others, a bus 140 miles south of cairo, they were headed to a monastery and attacked by eight to ten individuals dressed in army fatigues. Isis, no one has claimed responsibility, but isis has been targeting Coptic Christians several times in recent months. There was a terrible bombing or bombings at two churches in april that killed 46 people. An indication how Coptic Christians are targeted in egypt. Charles so far no hash tags from the media. Looks like a lower market. Here is market watcher jeff