Skip to main content

tv   Bloomberg Best  Bloomberg  August 25, 2017 8:00pm-9:00pm EDT

8:00 pm
>> coming up on "bloomberg best ," the stories that shaped the week in business around the world. president trump gives investors plenty to think about. i don't think this is going to have a big effect on financial markets. julie: and perhaps to worry about. >> believe me, we need to close down our government to build that while. >> there are investors i've spoken to who don't like the way the term is going. julie: warren buffett sees a big deal fall apart. carl icahn deals a big blow to his rival bill ackman.
8:01 pm
>> it's not the best return on a position. ireland wonders what britain is looking for in briggs it talks. -- brexit talks. central bankers take center stage at jackson hole. >> i think you have to be careful getting too focused on a point estimate as opposed to the broader trends. >> i think we should be removing accommodation. julie: plus, a roundup of the week's most intriguing earnings reports. >> we have to be patient. julie: it is all straight ahead on "bloomberg best." ♪ ♪ hello and welcome. i'm julie hyman. ," your "bloomberg best
8:02 pm
weekly roundup of all business news and analysis from bloomberg television around the world. let's start with a day by day look at the major headlines. a major dealn with by a pair of european energy companies. another sign of m&a activity in the energy sector, france's maersk's oil unit. was the right suitor for that company, we were told. >> we looked at the various options, anything from ipo and other possibilities for selling the business to other parties, and it came down to the fact k wasthe offer from maers most attractive from a value point of view and in terms of developing the business. >> total's view this morning in
8:03 pm
a conference call emphasized the fact that they were acquiring very good operational expertise. this is something you don't just get like that, unless you buy it. they were both interested in iran and africa. it looks like a very good deal in that respect for total. >> president trump announcing an open-ended commitment to afghanistan that will put more american troops into the nation's longest lasting as it takes tong destroy the terrorist haven and bring about a clinical settlement with the taliban. >> our commitment is not unlimited, and our support is not a blank check. >> he will add about 4000 troops 8600e already 806 -- troops on the ground in afghanistan. this is something he advocated
8:04 pm
against on the campaign trail, but he ultimately decided to move against his instincts. >> i don't think this is going to have a big effect on financial markets. this is a very small lift of troops. it is not trillions of dollars as we were spending some years ago. i think it was a good speech, and it's a good decision. >> we've gone back to the 1930's, according to ray dalio. iggerics will play a b role in affecting our lives than at any time since 1937. earlier this month, he his investors by 10% of assets in gold. >> there's no doubt that coming into this year, there was a lot of expectation we were going to see some sort of tax reform, maybe regulatory reform, and fiscal spend, and that would be
8:05 pm
an impulse to the u.s. and global economy. all of that seems to have faded, but the market has shaken it all off. president trump was back in campaign mode last night with a fiery speech to thousands of supporters in phoenix in which he took on everything from nafta to the media to the two bank senators from arizona, but what got the market's attention was his threat to shut down the government over the building of the wall. a lot of people thought it was going to be hard enough to keep the government going without the president weighing in. there was a debate over whether you could have something clean or laden. he is saying, let's loaded up with a border wall funding. >> the president is throwing a wrench into the process. republicans are coming back to washington with a lot on their plate, including releasing a budget and raising the debt ceiling, and the president is
8:06 pm
saying, in order to keep the government open, he has to have funding for the wall. that is goinging to be incredibly difficult for republicans to do, and the president made it much harder. >> as far as markets are concerned, they fully understand that the president's legislative agenda has stalled. that is already priced in. i think there is also rising existential risk to the u.s. presidency, and many investors i have spoken with are worried that president trump will not see out his term. going to be a bumpy ride. i think market volatility will inevitably increase. julie: after threatening a government shutdown, president donald trump, blaming the debt ceiling mess on gop leaders in congress. this morning, the president tweeted --
8:07 pm
it, so now we have a big deal with dems holding them up (as usual) on debt ceiling approval. >> this is complicated politics, but there are two bank stories to watch. what is the president's desire on the debt ceiling? the second is, what is going on with the internecine fighting in party,ublican particularly the fights the president has been picking with republican leadership? there was also the tweet in which he said the only problem he had with mitch mcconnell was, after hearing repeal and replace for seven years, he failed. >> janet yellen, just about to speak in jackson hole, and let's get the details from michael mckee. >> take your fingers off the trading button. you won't be trading -- trading or selling on this one.
8:08 pm
this is the boring janet yellen, her speech, a recitation of the financial crisis and how things have improved. she does admit there is room for improvement in the volcker rule, and other tweaks could be made to the dodd-frank legislation, but in general, this is a speech about federal reserve regulation and government success in regulating the financial system. it not at all was about the economy. >> mario draghi took this opportunity not to signal what the ecb does or does not do next. he took this more as an occasion to talk about what the big challenges are globally. he is especially concerned about openness. he is concerned about protectionism. makeconcerned about how to multilateral cooperation sustainable, fair, equitable. when it comes to the currency, you can take away that either
8:09 pm
mario draghi is not concerned about the euro because he did not explicitly single it out, but on the other hand, you could say, mario draghi is going to wait for the next ecb meeting, or mario draghi doesn't want to fire up the european bull. you know how currency markets are. julie: still ahead as we review the week on "bloomberg best," ireland's prime minister weighs in on brexit. loaurewo bank noble -- the weeks's top business headlines. samsung reveals its latest galaxy note smartphone, hoping to a race memories -- erase memories of its last phone. this is bloomberg. ♪
8:10 pm
8:11 pm
8:12 pm
julie: this is "bloomberg best." i am julie hyman. let's continue our global tour of the week's top business stories. billionaires carl icahn and bill ackman continued to battle over the future of herbalife. >> herbalife, it may be the stock that high -- has the highest ratio of mentions to publicly traded cap in the last decade, and it is back in the news today in an announcement that it will buy back its stock in a reverse auction and that the major shareholder carl icahn has agreed to limit it his -- limit his holdings to 50%. is this a carl icahn victory? >> it is. despite his fight with bill ackman and the stocks, as you remember, bill ackman took a short position -- >> where was the stock trading?
8:13 pm
>> it was about 50% below where it is trading now. it is not the best return on a short position. >> what does all of this and-and-forth between icahn the company and the fact that this private equity deal did not happen -- what does that tell you about herbalife right now? >> the fact that there is some interest is positive, by a private equity firm, and i believe they will go back to their peak of sales at $5 billion. i think they will continue to grow at their historically rate of 8% and grow a significant level from there. >> a new player in the energy battle between paul sayer and warren buffett. he is offering to buy texas powered to stupider encore for $9.45 billion. to buy texas power generator
8:14 pm
for $9.45 billion. >> as you recall, elliott management owns the bulk of their unsecured debt and did not agree with the terms of the buffet bid and opposed it. bid.ffett bid and opposed it looks like they are going to on theut $.45 to $.50 dollar as opposed to $.18 from buffett. >> the bar for the iphone is high. thestors are awaiting release, and the spotlight is on the features of the phone as it coincides with the 10th anniversary of the iphone. is the superduper version of the iphone, is it going to be a
8:15 pm
demonstration of this apple philosophy -- let's not be first, but let's be best? >> you got it. the oled, inductive charging, slimmer bezels, a slimmer form factor, these are ideas that have been tried before. al phonehe essenti launch last week. that is exactly what apple is going to do with this souped-up aversion. they are going to have a 3-d sensor, the crown jewel of this iphone 8 pro. instead of using your fingerprint to log in, you will be able to scan your face, and they will know it is you holding the phone and looking at the phone. it will know to stay unlocked or to unlock the phone or approve payments when it is you using the device. >> samsung launched that new
8:16 pm
galaxy note 8, stepping up the fight with apple, the largest samsung phone yet, quite possibly its most important. >> it is the latest phone after the last phone was scrapped starting onts of it fire. are of the main differences that it has a very large screen, very large display. it is the biggest phone yet. another added plus is the stylus, which is skinnier and more pressure-resistant than before. on top of that, they also have a dual-camera lens. it seems like there is a lot of excitement about these goingements, but we are to have to wait and see if they bounced back from the problems of last year. >> british prime minister theresa may wants to take back the house of lords. her government is willing to
8:17 pm
accept it" british relationship with the european court of justice. a position paper says the u.k. is open to referring decisions to the court. >> is it a red line that has been scrapped or diluted? >> it is a red line that has gotten a little bit more wiggly. was red line, of course, one that was of huge symbolic importance to the brexiteers. theresa may who said in october 2 great applause that brexit m eant leaving the jurisdiction of the ecj, what she is saying now is that it is direct jurisdiction of ecj. as one of the ministers said, they would keep half and i on eu case law. law. eye on eu case >> the practice is under threat from two regulations that come
8:18 pm
into effect january 3. >> under new rules in europe, broker-dealers, big wall street banks would not be able to bundle their free research with other services. if they did, they would come across new rules in the u.s., other rules that they need to register as asset managers. it could be costly. it could open them up to legal risk. they had been pushing the sec to come up with rules so that they can between or get some type of get out of jail fofree card. what we have learned is that the sec seems to be picking up the pace to come up with something, but the clock is really ticking. >> paris or frankfurt? that is the question buzzing around at bank of america. executives are said to be divided over where their european trading hub should be after brexit.
8:19 pm
>> inside bank of america, there are all these to liberations going on about, where should we go after brexit? cities on thee list. there's paris, frankfurt, and dublin is in the mix. there's a possibility for bank of america to go ahead and choose multiple locations. some of our reporting was showing that they may end up having equities in frankfurt and split off fixed income in paris. you could see parts of fixed income being split between paris and other cities, as well. president donald trump has been promising to ease financial regulations. proposals under consideration could raise profits 20% at the six largest the banks and add profits.on in gross
8:20 pm
among the banks that could benefit most, j.p. morgan chase and morgan stanley. reduction from these leverage constraints, as well. >> these are the rules that banks complained about as they were being implemented. they were being dragged into things. they always said, no, this is going to hurt us, and of coarse, the years. slowly, they have been creeping up. there are small things, but they add up. they can buy more treasuries. they can buy more municipal bonds. then they make more money because they don't have to hold cash. the liquidity doesn't have to be as much. these are small tweaks, but when you add them up, it is good money. >> amazon will start cutting prices at whole foods on monday, $13.7 billionts
8:21 pm
deal is set to close. slip onery stocks did the news. it seems investors think that amazon is going to come in with whole foods and reshape the grocery space. >> we knew they were going to do this. what we didn't know is how fast they were going to do this. this is monday. we were calling around to whole foods stores. store managers were saying, i don't know what you are talking about. [laughter] >> maybe they weren't allowed to tell you. >> perhaps there is a little pr gambit. amazon is in a sector they've never been in before, an $800 billion grocery sector. changing prices, that usually takes days, weeks for a traditional grocer. amazon is saying, no, we are amazon. we will do that monday. the price of chicken and eggs
8:22 pm
jayilling or samsung heir y. lee has been sentenced to five years after being found guilty of embezzlement and bribery. >> he's been found guilty of embezzlement and bribery, and four other executives were found guilty. case, thek at this court found him guilty of currying favors, giving money and bribes in order to consolidate his power in samsung. we heard just a few minutes ago from the spokesperson and current president who said he hoped the samsung ruling would end government-business collusion. ♪
8:23 pm
8:24 pm
8:25 pm
julie: welcome back to ."loomberg best i'm julie hyman. as prime minister theresa may tries to negotiate brexit, it has been slow going. the economic path forward is none too clear. spokeish prime minister with bloomberg about the process. >> do you get the sense that the eu is pleased with the progress it has seen so far? >> no. be right to say on behalf of the european government we are not satisfied with the progress so far, . however, we will continue the talks. we will allow those talks to continue. we hope more progress can be made. the progress has not
8:26 pm
been sufficient. irish citizens will be able to access each other's countries. an area i feel very strongly thet is the trade border on island of ireland. >> let's say that the u.k. does not get the kind of trade deal it wants with the eu. >> where we are confused and puzzled is very much the premise of your question. what trade agreement does the united kingdom want? at the moment, they have the best trade deal possible, which is the customs union and access to the single european market.
8:27 pm
what they seem to be suggesting all along or for the last 14 months is that they want all the advantages of being in the eu but none of the costs. that is not a realistic position. we are waiting to see what they would like to see. one thing that strikes me being , the canadian-european trade agreement will come into force. when britain leaves the european union, it is not only leaving the european union. it is not yet clear to us, what are these better deals that the british government really wants from europe and other countries? i think some more clarity in that area would be really >> coming up on "bloomberg best", more of the weeks most compelling conversations. a couple of economist talked to the ecb and the future of the eq we. and we talked to the president of jackson hole.
8:28 pm
>> we are a little bit closer to the neutral rate and people might think. >> this is bloomberg. ♪
8:29 pm
8:30 pm
♪ you're watching bloomberg best, i'm julie hyman. the ecb president mario draghi was a busy man this week afforded delivering his best before delivering his speech at jackson hole, he addressed the economic sciences before an audience that included 17 nobel prize winners. two of them spoke with bloomberg television about draghi's remarks. >> obviously they have a problem, in the sense that quantitative easing was an experiment in our modern times. quantitative tightening will also be an experiment in our modern times and, that means that they have to decide what rate and how to reduce the large
8:31 pm
balance sheet that they currently have. secondly, how that interplay's with increasing rates. i think at the current time the markets tend to be saying in a sense, let us wait and see and watch them evolve, that process of reducing the balance sheet and increasing rates. my view is that the threat of inflation tends to be muted and that gives them more degrees of freedom to experiment, and to see how to reduce the balance sheet size. or not do it precipitously with the greatest threat associated with inflation hanging over our heads. >> after mario draghi's speech, it seemed like the trade went through -- they wanted to buy european equities. it was a trend that played out in the u.s. over the last few months. is it the smartest way to go in into friday's speech?
8:32 pm
>> not really, in my opinion. i think that basically after the trump election, united states, there was a great believe in the changes in policy for capital investment. and taxgulation changes rules, infrastructure spending, which is actually a growth in protest -- impetus for the market. maybe then, a steady increase in rates, and obviously, we have seen over the last. -- over the last period of time, rates have started to fall off and the view is that the united states might be in a weaker position than is europe. signaling tends to be strength in euro and yen and a weakness in the dollar at the same time, looking like there could be an increase in rates within the euro to a greater
8:33 pm
extent than in the u.s.. it is really more so, that it will be a headwind for equities but not necessarily for -- not necessarily a huge downdraft at this particular time. have been a lot of conversations in the u.s. in particular about passing the baton for monetary policy and we have seen that handoff fumble a bit here in the last few months. how do you ensure it happens most efficaciously? >> i think it is very difficult. it is a little hard to understand why the reaction of politicians and even the public, to a crisis tends to be fiscal contraction and concern about deficits. when in fact, appropriate response, -- the appropriate response would be fiscal expansion when our inflation rate is too low. we really need to have a
8:34 pm
willingness on the part of policymakers and even central bankers to talk about the extent to which their ability to control inflation depends on cooperation from fiscal authorities. >> what did you make of the comments that president draghi made this morning about the way that central banks communicate and how they intend to do it? how much of the deficit do you feel as to the way the central banks communicate their thinking? >> i think it is true. they have, they tried to communicate their willingness to keep interest rates low for a long, and that one of the ways -- one of the ways that unconventional monetary policy had some effect was by demonstrating that they really had a commitment to expansion. theirelped to back up assertions about long periods of low interest rates. i think that communication did
8:35 pm
work, and did have some good effects. but the main event for central bankers this week was undoubtedly the jackson hole economic symposium. bloomberg reporter kim was there and he set for interviews with two top federal reserve officials. >> so when i think about inflation him up mike think about our mandate which is price stability. relative to an economy that is growing at 2% and adding jobs, i think you are in a pretty good place and we still have very accommodative monetary policies. it tells me that we should begin to gradually remove that accommodation. as long as the outlook supports that we are moving in the right direction, and i think we are. >> so that suggest that you are in favor of yet another rate move this year? >> that was my last forecast and each year we put those together, a new opportunity to look at the
8:36 pm
data. i will be looking at the data in the next few weeks as we get ready for the september meeting and see whether it makes sense. based on what i have seen today, i think there is still an opportunity to do that. >> so by the end of the year? not necessarily by the end of september? >> i do not consider a right past a commitment, i do not make the meetings. >> to what extent is inflation a lagging indicator, something that fed officials have argued for a long time? is it lower than it has been in the past, what has happened to inflation? >> i don't know if i have a good answer for you there, many people are studying that very issue. the i look at inflation, price of goods, that has been falling. maybe that is due to technology. there are a number of actors -- factors which i think have been pressing down. two thirds of the economy, those rates have been saying at 2% and
8:37 pm
higher. in the context of the economy we have today, i think you have to be careful getting too focused on point estimates as opposed to the broader trends that you see and the expeditions out there? >> -- expectations out there? >> i have been a strong advocate that we raised the trends that the interest rate this year. my own judgment is that we are making progress on reaching full employment, gdp should grow an extra 2% this year. ourre obviously not meeting inflation target, but the bigger thing i would say is, we are a little bit closer to the neutral rate and people might think. 10 years ago i might have said that the neutral rate, the rate at which we need to not be -- we need to be restrictive, would be at 5%. today we are closer to the 2% or 3% range. when he to be a, dated the not quite as accommodative as people
8:38 pm
would think. i think there are structures in the economy creating a meeting effect on inflation so i think we should be removing accommodation and it should be done gradually and patiently. i think we look forward to do it gradually and patiently which is all i have been advocating. i want to be patient and see how these forces unfold regarding inflation and i think we can afford to be patient. and does not mean we might not raise it one more time this year but a need to see more data that we are making progress on our inflation mandate. >> if inflation stays above where it is, does that will out the summer for you? >> i still believe that the cyclical forces, as we are moving -- removing slack from the labor force more people employed, we are creating some wage pressure. great somely to price pressure as well, not the way we have seen historically. i do not think it will be as binary as inflation is moving, i think inflationary pressures are
8:39 pm
moving gradually and the fed can afford to remove accommodation gradually and patiently. >> if you leave the rates where they are, will that actually help bring inflation up? >> i think the key judgment you make when you're talking about this is whether we are accommodative? and i think we clearly are. 2s, and is in the mid- we are still accommodative. i think that is where we are, and i think that the performance of the economy is consistent with that view? ♪>
8:40 pm
8:41 pm
♪ julie: this is bloomberg best, i'm julie hyman. earnings season is winding down but investors to have plenty of quarterly results this week
8:42 pm
including from the commodity sector. some important news was shared. company reporting a miss on underlying profit, coming in at 6.7 billion dollars, a dividend of $.83 per share. the headline grabber though, was its company plan to shell its share units. what is your preferred strategy to make a clean exit? strategyw our prepared is to make a small number of trade sales. we are keeping other options so that we can proceed with a reasonable amount of pace but for now, we think a trade phil would work west. >> how quickly are you planning to complete an exit? >> it is too hard to say, we have to be patient, we know what our businesses are worth. we will continue to add to their value through our technology and modus investment. on the other -- some modest investment. we do not want to lack urgency
8:43 pm
which is what we have other options in the weeks if trade sales are two complicated and difficult in execute in -- difficult to execute. >> it is the world's fourth biggest iron ore exporter and it has put profit more than double their. prices -- they are trying to slash costs. tons had 174 million products shipped. fortescuee record for , one million tons over last year, because we have been focused on creating growth valley for our customers and the company. ,osts are down a further 7% following our focus on productivity and efficiency to make sure that we have long time, sustainable costs across the business. we paid down a $2.7 billion worth of debt with the cash
8:44 pm
flows we have been generating. as you mentioned, we have more than doubled net profit after tax to $2.1 billion. that has followed on with a dividend of $.25, a final dividend of the year. >> antofagasta in the mining sector, numbers coming in at 1.808 billion dollars,. corporate production is up, and the outlook is positive. -- we arepe positive very positive on the market and i think the strength of the company, on the back of the first half talks to a good outlook in terms of performance. we had a very good high quality set of results in the first half of the year and production is up 7%, sales up 14%, costs down 2%. this has enabled us to capture a increasing copper price which we
8:45 pm
had in the first half of the year. >> are the prices sustainable and the you see deficits in 2018 and 2019? the think the outlook and emerging markets, especially in china is much more favorable. we are seeing sustained growth and copper demand leading to a liberalization and the move extra in is doing to the consumer economy is much more intensive in copper when it comes to electronics. we are also seeing a very significant change or disruption technology wise with electric vehicles in the space of clean energy and clean transport. which is amazing. south32 reported earnings which jumped eightfold, the underlying rough it rising to $1.15 billion in 12 month. how much of it was because of the recovery we have seen in commodity prices? >> a very large part of it can be attributed to that, betty. pretty great results from south32.
8:46 pm
we were expecting a little more in the profits come up closer to 1.18 billion but that is not had. again, it was -- it was not bad. it is all due to the rising commodity prices, manganese for example, seltzer -- south32 is its large -- south32 is the world's largest producer of manganese. >> in china, economic development has been stronger than expected and this has led to dramatic shift in the next 12 months. >> salesforce reporting that are than expected second quarter earnings. they raised their revenue forecast for the fiscal year but shares are falling in extended trading, down about 2% right now. competition from companies like oracle and microsoft is rising. >> overall a very good quarter, you will see that overall all divisions did very well, even
8:47 pm
the club sales. -- billinghave billy guidance for next quarter, and this quarter, it came to around 27 or 28% and i think next quarter it is not as strong. but if you look at a company like salesforce, there's a lot more seasonality in business, like any large software company. the fourth quarter has larger clients and i think you will see a shift in revenue, which is what you are seeing here. >> the chinese delivery giant zto reported earnings that missed estimates. lowere forecasts are even than its predictions, what do you do about getting yourself we and off of one company, and i am talking about alibaba? 70% of your volume is from that company. how do you diversify from that? >> that is a good question. we have been a very long-term and very strategic partner with alibaba.
8:48 pm
our exposure to alibaba platform has been declining over time. and year it was about 75% now it has declined to about 71 or 72% this year. we think we share a common goal with alibaba which is to help to improve the service quality that we provide to the many merchants and consumers at the alibaba platform. business attract more through the alibaba platform and also attract more consumers to and on the alibaba platform. >> the shares in wpp has plunged this morning, after the company cut its for your revenue forecast to slash market spending particularly in the consumer goods sector. ,> the concerns about wpp earnings going down, a confirmation of the pressures
8:49 pm
such as cutting back on spending on its biggest clients. that has hurt the company. >> the market has been hurt andntly because of brexit, the u.k. is one of your strongest performing regions in the last quarter. how are you weathering that. >> well, i think that has something to do with more on the micro level. we had a strong market share, a lot of good people, doing a very good job. the other thing is that may be, this is just i had offices, with the uncertainty around fixed capital investment, there is a lot of pressure. there are signs indicating that it is under pressure and the the contexttion, in of this uncertain environment, as we may or may not go through a transition. march, thatter could be putting more pressure on it and people could be taken the other route -- could be taking the other route of investment in marketing. >> bringing fresh produce from
8:50 pm
rural farms to urban tables can be a challenge. has also crated opportunity in the growing industry of urban farming. -- isme green has built building greenhouses on rooftops in major cities using technology to make it possible to grow food year-round. the cofounder and ceo tells us his story in our latest edition big." ll to >> we operate high-tech greenhouse capabilities for fresh questionable production. ofas working in the field sustainability and environmental engineering and i became fascinated with the technology that was available to be able to grow crops using a small fraction of the resources compared to conventional farming. at the same time i started to recognize the growing trend in the marketplace for consumers wanting more local and regionally sourced foods. that is really when the lightbulb moment went on.
8:51 pm
we cobbled together some funding and build a 15,000 square food rooftop greenhouse in the greenpoint neighborhood of brooklyn. we started pitching market chains, restaurants, inviting chefs to the facility and within three months we were completely sold out of produce. we realized then that we were onto something. i really compelling partnership opportunity came on with whole foods which has been our largest customer. an idea to design and build a commercial scale greenhouse in the roofs of one of their new supermarkets in brooklyn. sizewas almost double the of the first one and provided our brand with a lot of visibility. lo and behold, within a few short months of opening the second greenhouse facility, we were yet again out. we started looking at chicago -- we were yet again old out -- sold out. we then moved to chicago, and
8:52 pm
the facility there is now our largest to date. about 80,000 square feet, about two acres, the equivalent of about 50 acres of farming. this form of farming known as controlled environment agriculture is a combination of environmental engineering and horticultural science. it was a challenge finding people with a very unique gill said, establishing an in-house establishingll set a in-house training program. we are able to take young graduates from university who focus on science and biology and train them on how to really design facilities and operate them. our company has built for greenhouse facilities across two cities and we have about 150 employees. we have experienced about a 20 x growth rate and in our first year of operations we grew about 500,000 heads of lettuce and leafy greens. last year we had about 20
8:53 pm
million heads of lettuce. in the future we plan to expand to other cities across the united states, expanding in new product and new product development. we would like to be able to provide consumers with the freshest possible products. ♪
8:54 pm
8:55 pm
>> i am looking at a chart of an intraday california solar production. this is the last three days, try to what the moment when the sun was blotted out by the moon. [laughter] i highlighted it, it is cheating. >> there are about 30,000 functions on the bloomberg app and we enjoy showing you our favorite. maybe they will become your favorites. here is one that is useful, quic go which leads you to our quick takes. here is one from this week. ♪>
8:56 pm
8:57 pm
julie: that was just one of the many quick takes's you can find on bloomberg. you can also find them on is well as all of the latest business news and analysis 24 hours a day. that is all for "bloomberg best" this week. thank you for watching, i'm julie hyman. this is bloomberg. ♪
8:58 pm
8:59 pm
got you outnumbered. the dinosaurs' extinction... don't listen to them. not appropriate. now i'm mashing these potatoes with my stick of butter... why don't you sit over here. find your awesome with the xfinity stream app. included with xfinity tv. more to stream to every screen. you're searching for something. whoooo. like the perfect deal... ...on the perfect hotel. so wouldn't it be perfect if... ....there was a single site... ...where you could find the... ...right hotel for you at the best price? there is. because tripadvisor now compares... ...prices from over 200 booking... ...sites save you up to 30%...
9:00 pm
...on the hotel you want. trust this bird's words. tripadvisor. the latest reviews. the lowest prices. >> brilliant ideas powered by hyundai motors. ♪ it is really really exciting. >> she is the first ever black woman to have a solo show at this gallery. the first black woman to be acquired by the tate collection and shockingly the first black woman to become a royal


info Stream Only

Uploaded by TV Archive on