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BLOOMBERG Bloomberg Markets Americas July 13, 2024

Nt took into difficult territory. Can you give me a History Lesson on Travis Kalanick and what he delivered . Mandeep clearly he was a trailblazer and created this market ridesharing. He was probably too aggressive. Was on the cultural side. He did not care much about the reputation of the company that much. In hindsight, that was his mistake. Even though he was focused on expansion, there were certain reputational things that probably hurt him a lot. Even after the lock up, travis was probably the most in terms of selling the stock. Company hadall the a hard time keeping him on the board and involved in the day today aspects of the company and on the other hand he was telling the stocks so aggressively. Hopefully that is what this management hopes for is to change the shareholder base. Right now when you look at the shareholder base, they have softbank as the largest shareh ....

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BLOOMBERG Bloomberg Markets European Close July 13, 2024

Move we had early in the week and post thanksgiving. We are right back to where we were in yields, with the 10 year at 1. 83 percent. The dollar index strengthened poste jobs report. That said, it is still below 98. 2. 75 onachs is up news it may be close to settling with the Justice Department and other agencies on that probe into its dealings with 1mdb, the malaysian state Investment Fund. Nothing has been decided, and it may stretch into january, but low 2 billion would be considered a win for goldman. Guy i am being told the week Inflation Expectations component in the michigan data is the reason why bonds on yields have rolled over. We are back to 30 on the german tenyear. In terms of stoxx, we continue to be relatively strong. The other point is that at this point, it doesnt look at the fed is going to ....

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BLOOMBERG Bloomberg Daybreak Americas July 13, 2024

Do you save this rally or buy into it do you fade this rally or buy into it . Those are the questions throughout the next two hours. For now, it is time for global exchange. We will bring you todays market moving news from all around the world, from shanghai to berlin to london. We begin in shanghai, where president xi jinping address Global Investors for the First Time Since china and the u. S. Resumed trade talks in september. He were a firm set the country would open itself up to trade even further. In order to boost growth at home and create more , chinar Global Growth will give greater importance to import. We will continue to lower tariffs and institutional transaction costs. Alix joining me now is bloombergs china correspondent selina wang in shanghai. President trump wasnt specifically mentioned, but it was al ....

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BLOOMBERG Bloomberg Markets Americas July 14, 2024

1 despite a couple of earnings reports that were really disappointing, including the kraft heinz report. Management they are saying that kraft needs a plan in place. A new ceo, of course. For now, definitely a lot of selling. Symantec is up about 10 on reports that broadcom may be very close to some and a two symantec. Ith in germany, a pop on 10 year yield. Germany may be thinking about the possibility of maybe breaking the black budget, the budget. Z european bids are higher. Eurodollar leading the story. 1. 5 . Crude also up vonnie we are joined by bostick. s romaine we had these rumblings out of germany, and in the u. S. We are looking at china still. Romaine this would be a huge deal in germany, but this is something that was talked , whichall week long would be a complete game changer when we talk about the direction of rates and where they were. Obviously that is really what fed into the market selloff earlier this week. Chinaou also had providing a little bit more comfort, at l ....

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BLOOMBERG Bloomberg Technology July 14, 2024

Announce its second vision fun after its wildly popular first fun. First, our top story, uber out with secondquarter results including a 5. 2 billion loss. Level down to the lowest since may. Here to crunch the numbers and breakdown uber eats an active is Mandeep Singh payment fairly disappointing, what is your biggest take away . I think it was just a revenue miss, and part of that was related to the user subsidies in their ridesharing business, i think they have been using subsidies for a while. They have been seeing pricing pressure because uber eats is a very fragmented market. On the core ridesharing side, i think theyre doing fine. The large numbers large Growth Numbers are catching up. I should add that the adjusted loss was lower than 650 6 million versus 979 Million Dollars that analysts had estimated. Monthly u ....

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