China is stepping up support for its economy by wrapping up spending and considering new measures for back lending. Beijing will make more money available to local governments and minimal amounts banks must set aside to cover bad loans may be reduced. Lets take a look at the market. Hong kong and china are closed for lunch. But they fell in the morning session. After two days of gains, the japanese stocks as well as singapore are all down. I will be back in half an hour. Emily this is bloomberg west. Last years Growth Stocks are this years biggest losers. A dramatic revaluation. Groupon shares get a huge boost on news that alibaba has taken a big stake. Major investors weeding out largecap technology out of their portfolios. The major revaluation of Technology Stocks underway in 2016. We will focus on three companies in particular, netflix amazon and activision blizzard. There was a time when the only thing they had in common was the description as Growth Stocks. Today the businesses b
Appropriate. Former United Nations secretarygeneral interest which pope francis is in mexico where he delivered a massive stadium rally on behalf of fighting the drug trafficking. That is bloomberg news. Emily this is bloomberg west. Last years worth stocks are this years biggest losers. A dramatic revaluation. Groupon shares get a huge boost on news that alibaba has taken a big steak. Ake. Major investors meeting out largecap technology out of their portfolios. The major revaluation of Technology Stocks underway in 2016. We will focus on three companies in particular, netflix amazon and activision blizzard. When the onlyme thing they had in common was the description as growth stocks. Businesses bleed together. They all can pediatrician content for us streaming video. Into 2016. From 2015 all the stocks have been slammed in 2016. More than 20 declines. What do we read into this . David, should we be thinking of this as a sector wide story . I just came from giving a speech. One of the
Higher hurdle on such germany to give its support to anchor his bid for eu membership but hes getting a very cool response from the german chancellor and burleigh turkeys membership talks had been repeatedly delaying overt new concerns over the countrys human rights record. Gemini is also worried about the crackdown on protests and a corruption investigation involving the ones government everyones first port of call was a Foreign Policy think tank in berlin. He delivered a speech where he argued the European Union needs turkey more than the other way around. He sidestepped a dramatic fall in the value of the turkeys leroy. And brushed off alleged corruption in his government and called an investigation into graft a judicial coup. It caught on yet. Cic see conan night structures of the indian against democracy and stability of the mass attack has been boarded on it due to a steadfast pasta. It will witness a diet that nice next stop was the chancellor rhee where are the one dollars and
Century. Iraqi Prime Minister Nuri Al Maliki rejected calls to create a more inclusive government. Hes facing criticism that he instigated the sunni insurgency by favoring the majority xia. So hes being urged to form a National Salvation government as a way to stop islamist militants. U. S. President barack obama last week challenged him to present a unified front among iraqs three main groups. And some Political Parties are urging him to step down to establish a National Salvation government. Maliki says he represents a coup against a constitution. U. S. Secretary of state john kerry is to meet with Foreign Ministers this week to discuss iraqs crisis. He will talk with ministers from the uae and israel and saudi arabias king abdullah. Government forces in iraq are countering attacks by sunni militants. Insurgents hit a military air base wednesday north of baghdad. Theyre fighting Government Forces around baiji, the site of the countrys largest oil refinery. Sunni residents in Northern
Again its not just the cold rain and snow are on the way to the bay area. Im here in the Weather Center with our chief meteorologist jacqueline bennet. The snow levels are at 2,000 ft. We are already seen snow or around portions of the bay area. The snow levels is at 3,000 ft. And where seen rain in portions of the north bay. Also in the delta. The blue on your screen is representing the snow and the pink is rain and snow mixed. We are seen rain in brazils bird and heavy iran over highway 1 on one. Also were seeing light showers over richmond. Right now on satellite and radar were picking of showers and head of the main front. This is over the california border. You can see there is a lot a snow associated with this. Were gonna tie this up on future cast 4. Theres still no sign of san jose pilot dale smith and four members of his family. Its believed their plane went down in central idaho last sunday. The search was suspended because of bad weather in the rugged river of no return wild