Skip to main content

tv   Bloomberg West  Bloomberg  January 21, 2016 6:00pm-7:01pm EST

6:00 pm
coordinated attacks at each front restaurants. three people are dead, and the death toll could rise. officials say gunmen stormed the area after detonating a car bomb. u.s., federal officials say a record number of airline passengers were caught last year trying to take guns on planes. the tsa says more than 2600 firearms were found in carry-on bags in 2015, a 20% increase. at least three people have died in weather-related crashes in north carolina and tennessee. cities across the northeast are bracing for a major snowstorm expected to begin tomorrow. american airlines is canceling its flights to the northeast ahead of the storm. all major airlines have issued waivers for travel ahead of the weekend. southwest could cancel as many as 400 flights. at a british judge has concluded that vladimir putin probably approved the operation that
6:01 pm
killed in a kgb agent. two russian agents reportedly poisoned the former agent by putting radioactive plutonium in his tea in 2006 will stop -- in 2006. ♪ emily: i'm emily chang and this is "bloomberg west." dials up therizon earnings report as speculation of a possible deal with yahoo! continues to swirl. update on david versus goliath. we sit down with the ceo of box to find out how he is battling amazon. and upstart sierra nevada corporation wins a major contract from nasa to complete
6:02 pm
-- to compete with elon musk. first, to her lead. verizon out with first-quarter earnings this morning, adding 1.5 million new monthly subscribers, and earnings per share coming in a few cents ahead of consensus. stoxx shop -- stocks saw a nice bounce after the results. we are joined right jonathan chaplin and paul sweeney of bloomberg intelligence in new york. jonathan, i will start with you. can verizon keep up with these price wars coming from t-mobile and sprint? don't think so. i think if you pass through the results they reported today and ignore revenue that they generate on the sale of handsets , that they don't make any margin on, the results are actually a little bit lackluster. they are not really great revenue anymore. i think this year, 2016, wireless revenue may actually declined modestly. it is a tough market for them. they are competing against --
6:03 pm
this used to be a two carrier market with them and at&t in complete control. when t-mobile recovered their merger a couple of years ago, it became a three carrier market. now sprint is trying to turn it into a four carrier market. i think soon, comcast will arrive and make it a five carrier market. for an incumbent lifer eisen, it is a tough environment. -- like verizon, it is a tough environment. emily: i am one of those people who recently switched from verizon to t-mobile. paul, would you agree with what brian is saying? reporter: i could. as jonathan mentioned, comcast is aching about its wireless plans, which will make -- thinking about its wireless plans, which will make the market more competitive. i think that is why verizon is gete looking at yahoo! to into a richer wireless offering for its consumers. that is certainly something silicon valley is paying
6:04 pm
attention to. emily: let's talk about that, because rumors are swirling between a potential tie up of verizon and yahoo!. the cfo on a call today had this to say. take a listen. n it is intriguing -- >> it is intriguing, but there is not much to respond to. we will continue to look at options and opportunities, externally and internally. if they make sense for the shareholder, then we will execute on those opportunities. emily: jonathan, should verizon by yahoo!? guest: i don't think so. i think they have much better uses for capital than lying yahoo!. they have a deficit of spectrum in their core wireless business, and that's where they should be focusing their resources. that is where all their value is located. i can see the logic in acquiring yahoo!, given that they really intove in this move internet content and platforms.
6:05 pm
they've got an ad tech platform from yahoo!, a little bit from aol, and a little bit of content and 100 million subscribers, and they think they can create value from those three sets of assets. they gain a lot more on the content side of it with yahoo!. if they could leverage that over at tech over there platform and 100 million subscribers, that would be the value that they see. but i don't see it. i think they should be buying spectrum, not yahoo!. deal goes to show that they are willing to make these kinds of larger deals, and we asked aol's ceo tim armstrong about the possibility of a yahoo! tie up. take a listen to what he had to say. >> we have been very successful focusing on aol. i am not sure what strategy -- i know. strategy, that our
6:06 pm
and combination of what everybody else is doing in the industry, we are one of the only companies that partners with everyone in the industry, so if you go to silicon valley and companies like apple or google, macro soft, facebook -- microsoft, facebook, twitter, we are partners with all those companies. we have a long-term strategy of our own, and we have a long-term partnership strategy. i think from a competitive standpoint, we are not so much in direct competition, but cooperation with those companies. emily: cory johnson trying to pin armstrong down at ces. paul, what do you think? you think aol and yahoo! make sense, or should verizon not waste its time or money there? i speak to a lot of the yahoo! investors, and they would love for anybody to take them out of their misery. stocks are down over the last 12 months. their financing plans for alibaba had kind of fallen by
6:07 pm
the wayside. uncertaintyot of for yahoo! shareholders. i think to the extent that verizon has an interest in their mobile video business, their ad tech business, which is one of the primary reasons they bought aol, you can make a similar argument for yahoo!. as jonathan mentioned, a bigger audience and richard content -- richer content. i think people are scratching their head, they don't see any improvement in the core business. i think the honeymoon is over for marissa mayer. , theith the asian access monetization is uncertain. -- assets, the monetization is uncertain. guest: i totally see why a yahoo! shareholder would be delighted to be taken up by anybody at a premium, particularly with a nice, stable aock like verizon, but from verizon shareholder perspective,
6:08 pm
it does not look like a great to deploy capital right now. not the way i look at it. emily: jonathan, how do you see the carrier wars playing? there are spectre moors, talk about consolidation. how many carriers are there five years from now? verizon has built the best wireless business on the planet. the way tim armstrong describes his business, they focused on one thing for a number of years and had a tremendous amount of success. that should be verizon's mantra as well. they focused on building a network for the last 15 years and had phenomenal success. they have a dominant share in the market for a reason. now they are in the position where they have to figure out how to defend not share in a business that is worth $3 billion. i think that is where they should be -- $300 billion. i think that is where they should be focusing. the business they are trying to get into his competitive. in wireless, they have lots of
6:09 pm
comparative structural and images. in ad tech, they have none, and they are not gaining any from the assets they are buying. there are better assets out there that aol and yahoo! do. emily: like what? guest: facebook and google. that is who verizon is going up against. it is not clear to me that verizon brings the secret sword to this combination that suddenly will create a lot more businesses they are moving into them those assets they have had individually in the past. pathnk there is a clear forward for verizon, and that is fixing their spectrum deficit, clearing up their assets in wireless, and figuring out how to relieve that industry. emily: all right. thank you both. we are watching, apple pushing back against a tax investigation. ceo tim cook met with the
6:10 pm
european commission's antitrust chief on thursday to make apple's case. are lookingrs into apple's tax practices in ireland, and if they find that ireland cut apple a special deal, the company could be forced to pay taxes. cook defended the allegations on twitter, saying, quote, we are announcing a center for aspiring ios developers in italy. techfor a look at how played in the broader stock rally today, raymond dennis and seo has the rally from new york -- raymond has the rally from new york. session highs from the global turnaround that we all saw yesterday. crude jumped 5%, and that pushed the s&p's energy sector to be the top sector, but technology was the number two sector, up about two .5%. but it was not all green. netflix fell 5%.
6:11 pm
that's after behrens said its share price could dive to 40 bucks. it said that the video stream company is burning cash and its high valuation is unwarranted. say theyigital holders support the acquisition of sandisk, according to deal reporter, but many investors do not seem to be supported. -- supportive. go acquisitions will likely through without any major antitrust concessions. emily, back to you. facebookming up, taking off super bowl season with a new sports product. we will take a closer look at the end game and what it means for twitter. and nielsen gets social. it will now analyze facebook postings for chatter about your favorite tv show. what will this new metric mean for advertisers? more bloomberg west next. ♪
6:12 pm
6:13 pm
6:14 pm
emily: facebook shares are up as the company launches its real-time sports platform, aggregating all the game related chatter from your friends with live scores from sporting events on television. sound familiar? the product seems to play right off of twitter's strength, trash talking. here to discuss, sarah frier. live tweeting about things like sports is ok on twitter, but it is really annoying on facebook. is that going to change? reporter: well, on twitter you
6:15 pm
have to figure out who to follow, who the players are, the coaches are, who the espn players are, and on facebook, they are just going to bring it to you from your friends, so that might be an easier formula. you mentioned second screen, for many people this kind of consumption of game news is first screen now. we have so many cord cutters, especially among millennials. actually, you are right, this does jive with what twitter is supposed to be good at, giving you the live updates and games. i know so many people who have to have a twitter feed up while they are watching a game. if it is on facebook, and it is easier, and they have the scores up there, that might be a simpler faster way to get the same thing without having to follow all those people. emily: what's interesting is that they are building this into their main product. it is not a separate app like paper. zuckerberg has been keen on this hasrate app strategy, which
6:16 pm
worked for some things, but not others. what do you make of that? reporter: you mentioned paper, they have -- that sort of bond in the app store. so did slingshot and some of the other things they have created in their creative lab, which seems to be shut down. maybe this is facebook recognizing that if they are making it topic that draws upon data from newsfeeds and friend connections, it might just be a good facebook product. notice that they have trending topics, ways to click and see live news from things on facebook. they have not really been as successful at getting people to use those products because that is just not what people go to facebook for yet, but products like this will train people to understand that people can post things in real-time. one thing that might be annoying is if they did post in real-time about the game, and later of, on your newsfeed, if you see that friend, they have rhythm posts about things that happen 40
6:17 pm
minutes ago that are no longer relevant. they will have to work with that. interesting. it seems they could build the south for entertainment and politics, so that is something we will watch. sarah frier in the newsroom. thanks, sarah. staying with social media, nielsen is getting more social. the company will now measure which tv shows are getting the most buzz on facebook. the new metric will expand on the company's twitter tv ratings to include data from facebook and eventually instagram. joining me now from new york, president of nielsen's social. thank you so much for joining us. explain to me how much you are monitoring this data, muttering thisbuzz, when a lot of information is being shared privately? guest: to date, we have been measuring a consumer phenomenon called social tv. what that means is that today people are not watching television, just watching television, they are watching
6:18 pm
with a second screen. we have developed the nelson -- nielsen twitter tv ratings, the standard measure of twitter activity, twitter's response to television. what we are announcing is that with the social content ratings, we will be expanding that, having a more holistic measurement to include facebook and instagram as well. what we are basically doing is we are creating the methodology to understand that when people are being social about tv, what language are they using? what is all of the different classifiers, keywords? doing that at scale for every program that airs channels. now it is taking that methodology and applying it to other social platforms other than twitter. youy: as i understand it, can tell of somebody is talking about a show, even if they are doing it on your private ace book page, but you are not given
6:19 pm
that person's identity. i wonder, is that a little big brother? guest: i think it is important to understand that consumer privacy is important to nielsen and our data partners, so we have worked with facebook, are working with facebook to craft a give facebook are apply to those conversations that are taking place between friends and family, but not receiving those conversations are self. -- ourselves. ist we receive from facebook an understanding of how anonymously and in aggregate are talking about a given television program. respecting consumer privacy is a big, important task. emily: everybody is coming up with different measurements of video views and engagements, and it is all confusing to advertisers. what are facebook and twitter trying to accomplish with nelson, and how are advertisers
6:20 pm
interpreting this information? guest: the way that we look at the social signal that we are providing to advertisers and to networks is that four advertisers -- for advertisers they are looking at social as a form of television show engagement, so they understand and tv ratings, but there is another dimension, social, how engaged in audience is with shows. they are looking at that and making planning decisions about good fits for their brand, what television programs are most buzzy to earn media and for their brand. that is the type of information that we can sell them. in turn, those advertisers are mixing digital and tv, so they are trying to have the reach of tv, but also on digital and social. emily: interesting stuff.
6:21 pm
president of nielsen social, thanks so much. disclosure, today we learned that google has made $31 billion in revenue and 20 $2 billion in profits from its android operating system. the numbers were released in court i lawyer from oracle as part of a lawsuit claiming that google used oracle java software without paying for it to develop android. google is now urging the judge to seal the record, saying that financial information should not be made public. coming up, it is not all economics and fiscal policy at the world economic forum. we will hear from big tech players. plus, the space race is heating up. we introduce you to the newcomer who is trying to steal the spotlight from elon musk when it comes to landing technology. ♪
6:22 pm
6:23 pm
6:24 pm
♪ >> the unicorns are doing great things. they represent the future. you see tremendous innovation on the technology side. i think what we witnessed in the last 10 years will be suppressed by what we see -- surpassed by what we see in the next 10 years. know, we didbably a major acquisition a few years ago. we said we will hold back for a while. that doesn't mean we do smaller acquisitions. little startups we bought along the way are probably going to be a little cheaper because capital will probably be more constrained. >> there is a pressure that we have to visit, and it takes time
6:25 pm
to make that transition from manufacturing the service, and from labor-intensive to innovation driven, but it is happening. i am bullish in the long-term. those were just some of the big names in tech at the world economic forum in dallas. -- davas. tech is one of the big things discussed the, and the internet of things. -- ourter is in reporter is in davos. the interesting things i heard on the ground is a statement from doug macmillan of walmart, talking about how he thinks the internet of things and connectivity will be a key tool in combating climate change. i think you are seeing business in general realizing that conductivity and the internet of us to are going to allow
6:26 pm
measure more, therefore no what the effect is, know where we are using carbon, for example, and make proper decisions going forward to have a more predicted -- a more productive and affluent society. that is a big theme here at davos that is much more on the minds of those and industry than i think we have ever seen. the internet things is not a small transition, it is actually the next phase of internet for a lot of people here, and they are going to take tremendous advantage of it. emily: tech economy ceo in davos. coming up, a startup is taking on big names like amazon and walmart. that is next. ♪
6:27 pm
6:28 pm
6:29 pm
emily: i am emily chang and this is bloomberg west.
6:30 pm
we have a look at the stories making headlines in asia. >> good morning, emily. china is projecting an air of confidence as the slowdown continues to rattle markets. speaking at the world economic forum, china's vice president said china will continue to make reforms and contribute to the world economy. confidentid he is china's markets would still be a global growth engine. hong kong is flashing warning the asianseen since financial crisis on most 20 years ago. stocks fell below the value of their assets for the first time since 1998 on thursday. this puts hong kong in the same league as some of the most beaten-down markets in the world, such as brazil and egypt. a four-day slump has seen market cap dropped to $47 billion
6:31 pm
compared with a $55 billion interest in alibaba for softbank. ceo touted his 300 year plan. sources tell us sharp is leaning toward a rescue by government-backed innovation network of japan rather than a potentially larger offer by foxconn. climbed asarp stocks much as 25% in tokyo on news of the foxconn offer. a deal with the government-backed bond would allow sharp to keep its withinogy within did -- japan and cooperate more closely with domestic companies.
6:32 pm
how will this fund go about making sharp competitive again? >> i am told they could split the investment between the panel business and remaining operations. this idea,pport saying the proposal would divide the company into the bad sharp lcd panels and leave the rest as the good sharp. there is no real deal at this point because the fund has not made an official offer, but this could be a very real possibility . emily: thank you for that update. global news 24 hours a day inered by 2400 journalists 150 bureaus around the world. from the newsroom, i am emily chang. emily: in this version of our
6:33 pm
weekly venture capital segment, the environment has been for e-commerce startups if your name isn't amazon. of onet up with the ceo company and asked him for his take on the state of fundraising right now. >> things are changing a bit. we grew into all the things we said we were going to do, so luckily it wasn't as challenging for us. but you do see folks pulling new and not looking at deals, especially in the later stages, until things settle down in the market. emily: let's start with goliath and amazon. how do you differentiate yourself? >> you cannot start any company without thinking about amazon, especially not in commerce. it's kind of how we see the land
6:34 pm
of retail and commerce. you definitely have folks like amazon who have done an incredible job of building an awesome transactional experience. if you want a single item, a roll ofook, a single toilet paper, amazon is a great place to shop. across the united states, there are not many tech savvy people who do not have an amazon account. but i think there is another audience or part of the retail sector that goes into stores for their stock up trips. that is the customer we want, not just at the ones that want a single of anything, but either they have a big family, a small to medium-sized business, or even a chain of convenience stores. that is the customer that boxed is serving. emily: but amazon is doing same day delivery, to our delivery in some places.
6:35 pm
why do we even need to buy in bulk? -- two our delivery in some places. why do we even need to buy in bulk? , youen you do buy in bulk save trips to the store or save boxes coming to your house. you also save a little bit of money as well. some of the feedback we get from our customers is that if you do buy in bulk you are not receiving six different packages on three different days. you are getting one shipment on one predetermined day. ,f you are an office manager you could be breaking down boxes for half your day. for us, getting that one shipment at one time is pretty powerful. emily: are you going after nonprime members? do you think that one time fee is still a barrier to entry for
6:36 pm
some people? i'm not sure about in terms of prime members or not prime members. i do know that you can't think of the opportunity as just going after nonprime members. prime is so ubiquitous. it's going to server great need in a lot of households across the u.s. think about walmart, there is a different audience. even though they park their car in the same parking lot, they self select if this is a stock up trip or more of a transactional trip. --hink for the same reason or the same way if thinking is going to proliferate online. we want the customer that is otherwise going to the other side of the parking lot for the stock up trip. emily: what about jet.com, this company that is
6:37 pm
providing customers with steep discounts. different and what is your customer acquisition strategy? >> i think jet is doing a great job and i have a lot of respect for them. what their strategy is and what they are going after is putting their ships across from amazon and training the guns on each other and seeing who survives. for us, it is the reason why they have needed to raise as much as they have raised. for us, we are going after that stock up customer. boxederage consumer on buys 10 items. we are also going after the consumer that doesn't search for what they want. they kind of know what they want when they come in. they walk the aisles.
6:38 pm
our customers have not used to the search bar. it is really for the customer that is going for the stock up trip and to wander the aisles. boxed.the ceo of coming up, and up-and-coming in the commercial space has new celebrity status things to winning a major contract from nasa. details from the sierra corporations ceo next. ♪
6:39 pm
6:40 pm
6:41 pm
emily: a big step forward for digital asset holdings. the company won a contract to dramatically speed up settlements in the australian stock market. the company is one of about dozen looking to prove that the technology underlying bitcoin can be applied to financial markets. cory johnson sat down with the ceo. >> think of a chain or distributed ledger as a shares replicated source. the information stays the same at all points in time. it uses sophisticated technology to ensure that it's not possible to hack into or falsify the
6:42 pm
record. more importantly, once information is submitted to the record, it can never be edited. if you need to correct something, you can create a correcting or offsetting entry, but you cannot go back and rewrite history. cory: that's is the promise of blockchain. who will use this financially? >> many people. our firstosed financial round of fundraising for them -- from institutional supporters. all of the investors in that round are current or potential future customers of the country. cory: i think it's interesting financial not just
6:43 pm
investors but investors who are going to put this to work. blithe: that's right. our investors very much hope and expect the company will perform well. for their investment to perform well as a consequence. what they are really doing here putting their capital to work to prove out and helped drive global adoption of these new ideas. you could see the potential is being very significant for their businesses, cost avoidance, capital reduction, risk reduction, regulatory compliance. these are big strategic issues for financial services today and that is why the interest has grown so significantly. ory: a year from now, what do you want to look back and say you have proven? >> we are spending the next 12 taking what are currently prototyped concepts and
6:44 pm
converting them to something production ready in a real-world environment. emily: digital assets holding ceo blithe masters with our editor at large cory johnson. catch the full interview at bloomberg.com. the lesser-known newcomer that is shaking up the space race. last week, nasa announced a third company to split a 14 billion dollar package. it is called sierra nevada corporation, and it is co-owned team.usband and wife trying to master landing technology that would allow spacecraft to be reused. their approach is called the dream chaser. the ceo joined me for an tolusive conversation
6:45 pm
explain. chaser is the dream going to take the whole commercial space initiative to the next level. everything today is about capsules, the last 50 something years. whether it is amanda or unmanned version of the space vehicles. unmanned version of the space vehicles. the dream chaser operates a differently than the spacex dragon. it rides on top of a rocket and then lands like a commercial airplane. spacex had another failed attempt over the weekend. what you take away from that? >> reusability is extremely important. i think spacex is on the right track. our vehicle is not a rocket-based technology. secondly, recovering the rocket or the capsule is a lot different from landing an
6:46 pm
airplane, as you know. an airplane is like a commercial airplane. into theach is soft atmosphere. that's a huge discriminator for a lot of scientific experiments where you need the soft entry. and a soft landing. it could very quickly land in an airport where you would imagine a normal airliner would land. emily: how much money do you save by trying to land this way? >> it could quickly reached billions. right now, nasa is only guaranteeing six missions with the cargo. the need for this is much greater than just the cargo missions. emily: ultimately, how do you want the dream chaser to be used, and who else are you talking to? other governments?
6:47 pm
are there other people you're having conversations with? >> we are looking for strategic partners and investors to come in and join. realize the potential. there is science, tourism, going up andons, helping satellites that are broken. there are about 20 countries involved in our program, by the way, around the world. we have four different wings ,hat fit into a standard rocket so whether it is a european or a japanese rocket club rocket, we can launch, which makes other countries very interested in working with us. is it fair to describe sierra nevada corporation as a multibillion-dollar business and is space exploration the biggest
6:48 pm
part of the business? fair because our revenues are at that level. space is a significant part of it. it is not the majority of it yet , but i think with this program, there is every chance it will be. what is your strategy for holding your own against billionaires like elon musk and just bezos -- jeff bezos? >> our strategy has been about performance. you don't need a marketing department or a pr department. you just need to perform. you need to deliver. we had a very exciting celebration. and celebrated. people screamed and jumped up and down. the next day we went to work. to strategy is really deliver what we promised, and that is what made sera nevada grow from nothing to this multibillion-dollar level that we are at today.
6:49 pm
are your long-term plans? is it an ipo? >> eventually, it could be. we have kept the company private to this point, but space is a different kind of market. the potential is so large. if you want to realize the yountial on a timely basis, made to bring other financial vehicle's or an ipo to the picture. earlynow, it is a little but as i mentioned earlier, we have an effort underway to bring some financial partners into this effort. emily: sierra nevada corporation 's ceo. seeing in space, they can't it but they believe it's out there. u.s. scientists say they have solid evidence of a planet x, a
6:50 pm
true ninth planet on the fringe of our solar system. calculations, the planet is likely to have a mass 10 times that of earth and it is extremely far away. pluto is 4.6 billion miles from the sun. this planet is 20 billion miles away at a closest point in its orbit. other astronomers point out that "his has been "discovered before and refuted. for some, it seems, seeing as still believing. coming up, are we a step closer to super, super high-speed transport? ♪
6:51 pm
6:52 pm
emily: elon musk's dream of a super high-speed train may be one step closer to reality. one group with an engineering
6:53 pm
breakthrough says it has filed permits to build a full scale passenger system. we have the ceo of hyperloop transportation technologies joining us now from l.a. i spoke to the other company working on this, and i wonder what is your timeline? when did this be completed? >> we have been working for the last two and a half years on finalizing the technology, doing different prototypes. we are going to be able to move people. construction will start this .ear we filed the permits. depending on the county, we are expecting this year to be able to break ground. we are in the process of finalizing the contractors and everybody who will be working on the project, and we expect to open to the public toward the end of 2018, beginning of 2019.
6:54 pm
emily: how are you funding this? are you still pursuing an ipo? different ways of funding a project. we have investors who are interested in investing into the company and we are in the process of closing that ground. we have a very unique story. working on this in exchange for stock options. like theartners inventors of the vacuum pump, and it's about giving the options early on. it's not likely one of our targets, but it will happen. to rob lloyd, your competitor, about their strategy. take a listen to what he told me. >> it could be passenger movement, opportunities between cities, it could be moving freight.
6:55 pm
focused onre identifying the three top opportunities by the end of this in 2017 and 2020 we will begin constructing the first hyperloop systems around the world. >> how are you different from the competition, and who is closer to making this a reality? he told me i could have a ticket on their hyperloop in 2021. 2018, so youe wouldn't need a ticket. you could just come on board with me. we started back in 2013. we were the first company working on this. we see this as more of a movement than a company. ofhave almost two years advantage in front of everybody else. i think it is not really a competition or a race. it's more of a traditional
6:56 pm
high-speed rail, traditional transport method. and so we have everything we need in order to move people. now we need to -- now we need to build. emily: thank you so much for joining us. does it for this edition of "bloomberg west." on friday, don't miss our continuing coverage of the world economic forum in dallas. that's all from san francisco for now. vos.n da that's all from san francisco for now. ♪
6:57 pm
6:58 pm
6:59 pm
the only way to get better is to challenge yourself, and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around.
7:00 pm
announcer: from our studios in new york city, this is charlie rose. begin this evening with wall street, global markets, and the global economy. , the dow jones closed down 240 nine points after sinking as low as 560 five points. the index has already retreated more than nine percent this year. china remains in focus a day after the government announced gdp had fallen 7%. sha m

40 Views

info Stream Only

Uploaded by TV Archive on