they are the own a stake in groupon. ac, whose ceo is on the board of groupon.e a lot of companies that could be circling around this company. emily: what about amazon, tom? is this something they would want? >> amazon is a special case. if you look at their historical by strategy, build first and second. sometime ago they had amazon daily deals, and they still have daily deals, but it is more about getting merchandise at a discount, so i don't know for amazon there is a lot of incremental value to the extent that i don't know amazon wants to do more in the local merchant arena. to me, the companies that make the most since are a google or wouldok, companies that leverage those relationships with local merchants of groupon, then overlay or so incrementally more advertising to them, so i don't see amazon as the suitor groupon. emily: it is interesting to think about the history of groupon, a company that google almost bought for $6 billion. now the market cap is $2.6 billion. it was thought it could be a $25 billion company. >> their ceo now came out of amazon. i

gone on some like groupon trips.ight, yeah. i went whale watching with a reporter from gq. and that was a blast. >> seth: first time you had obviously gone whale watching? >> first time ever going whale watching. i really wanted to makes sure that i saw whales. i wanted to get my -- all of the money's worth. you know? >> seth: sure. >> yeah, yeah, it was only like $60 for two tickets. so i wanted the whole -- >> seth: so, what's the right amount of whales for $60? >> i feel like at least three to four whales. >> seth: okay, got you. [ laughter ] >> 'cause here's the thing, you would think like, in the pictures the whales they jump out like -- in the advertisements, you see all the whale body. but this was -- whales don't give you that whole body. [ laughter ] they, you know -- they're kind of meek. you know? they're meek creatures. they let you see the blowhole, or just a little bit of the tail, or just show you the hump. that's it. they just turn you on like -- ooh! and then they leave. like -- they're like real wom

groupon says the patents in question are invalid.workers face stagnant wage growth, surging bonus payment for ceos has pushed their way to record highs. a survey found executive bonus payments climbed 18% last year. own 10% on average of every company on the asx 200. they say they will recommend voting against excessive awards. the world's most dangerous nation is planning bonuses for police officers despite claims that it wants to only make people feel safe. venezuela is below afghanistan and south sudan. the president announced a bonus u.s.e equivalent of three dollars. global news 24 hours a day on air and on tictoc on twitter powered by more than 2700 journalists and analysts in over 120 countries. i am jessica summers. this is bloomberg. time to see how the asian markets are shaping up so far this morning. we have our update with sophie kamaruddin. aboutautious commentary trade and earnings. japanese equity investors are coming back from a long weekend slightly in the used to see the a third ofat 0.7 -- 1%. theso want to highlig

shares of groupon are surging in premarket trading.the weekend that the company has been looking for a potential buyer for the past month. groupon was valued at about $16 billion when it went public in 2011. now valued at just about $2.5 billion. westin: president trump followed up on his chinese tariffs on $36 billion worth of goods last friday by saying over the weekend that he may end up putting tariffs on all chinese goods, all 500 billion. a chart shows bilateral trade. the blue line is u.s. importing things from china. the redline across the middle is 250 billion which is about half the total of imports from china. joining us now in washington is isaac boltansky, director policy research, david sowerby is still with us. i've put this chart up to trade is. how big the the president says we may go the whole 500 billion. isaac: i don't think that is realistic. we are in a moment where the president is demonstrating his long-term and long-held view that relative strength and leverage are important in any negotiation. so what we have

groupon's run as an independent company may be coming to an end.he pioneer of daily deals is seeking a buyer with management contacting several public companies in the last month to drum up interest groupon was worth more than $16 billion in 2011. it's now valued at $2.4 billion. alibaba and iac could be potential buyers. >>> carpenter, u.s. chief economist at ubs a lot of my money is you know, very -- i need to hear a lot of your comments try to figure out what to do. >> you like ubs, santoli >> i think you're fine there >> i don't -- i'm not allowed it figure out anything myself i'm putting my faith in you. it's a big -- you got broad shoulders. >> you have said i'm your favorite economist in the past. >> that's not a high bar steven parker head of the equity solutions. above steg lis and krugman i'm going to start with you. i don't want to be too hard on seth in a moment let me just summarize what i think you're saying. >> political concerns are there. but don't get overwhelmed by those. the earnings that we're going to see reported in the next

. >>> as we head to break, look at shares of groupon. the company was looking for a buyer. "squawk alley" after the break. eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like any of these types of plans, they could save you in out-of-pocket medical costs. call unitedhealthcare insurance company today to request a free... ...[decision guide.] with these types of plans... you'll be able to visit any doctor or hospital that accepts medicare patients. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. apply for a medicare supplement insurance plan any time you want. so don't wait. call unitedhealthcare now to request your free [decision guide.] >>> let's get a check on the markets. we're nicely higher. four major index

groupon says it is invalid.dangerous nation is planning bonuses for police officers. that is despite claims that only one in six ordinary people feel safe. venezuela is below afghanistan and south sudan. president nicolas maduro announced bonuses of 10 million blvd for each officer. that sounds impressive that actually it works out of the equivalent of three u.s. dollars. global news, 24 hours a day, on air and at tic toc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm jessica summers. this is bloomberg. paul: i give it much. let's get an update on the markets. new zealand had been trading this tuesday for over 30 minutes now. is currently up 1/10 of 1%. those currencies strengthened against the u.s. dollar to we are seeing them pull back a little. sydney futures off a 2/10 of 1%. more broadly, we saw the japanese yen also beginning against the u.s. dollar. the british pound, not a great deal of change. the u.s. tenure stabilizing we have good retail numbers out of the u

ed: to end on another company you are involved in is groupon's and there's been speculation on them.he sale? joey: i think groupon has a bright future no matter what happens. , think they have capable teams a good product, and a real sustainable business with a good loyal customer base. i think whatever happens, it will. ed: joey, thank you so much for joining us. scarlett, back to you in new york. scarlet: thank you ed hammond. our bloomberg deals reporter joining us from sun valley. up next, we stay in idaho, but had to the rocky mountain summit. from new york, this is bloomberg. ♪ . . scarlet: the rocky mountains mountain economic summit is in full swing in victor, idaho. michael mckee is there with a key voice and finance. mike? >> they you very much, scarlet. you notice how bloomberg is present in idaho these days. i'm here with palm a collie, the --mer -- paul kelly it's nice of you to join us here. you work retired from actively managing money, but you keep an eye on everything going on. jay powell the u.s. economy is in a "really good place." do you agree or disagree? >> it i

groupon's jumping 8.75% as investors like seeing a forsale sign out there.he most actively traded stock today. less than five hours before president trump reveals his second supreme court justice nominee during his term. of course, neil gorsuch successfully navigated the shark-infested d.c. waters, but who will be next? cato supreme court review editor-in-chief chumming the legal seas for candidates and how they may vote on the biggest business cases facing the court. we'll get that to you when we come right back. ♪ ♪ (♪) i'm a four-year-old ring bearer with a bad habit of swallowing stuff. still won't eat my broccoli, though. and if you don't have the right overage, you could be paying for that pricey love band yourself. so get an allstate agent, and be better protected from mayhem. like me. can a ring bearer get a snack around here? copd makes it hard to breathe. so to breathe better, i go with anoro. ♪ go your own way copd tries to say, "go this way." i say, "i'll go my own way, with anoro." ♪ go your own way once-daily anoro contains two medicines called

. >> i view groupon as an internet company.t's the segue to a faber report. >> no. >> look, i don't want to be good about that that was horrible. >> it was. >> and the 10 cent team. what are the chinese react how did they retaliate they bring a lot of deals. >> i think we should go to -- should you dot 10 cent deal? >> what is wrong with 10 cent music? >> shouldn't we have a national debate whether the chinese can continue to list their stuff if you look at the so-called call in the morning. a lot of them are chinese stocks. >> our host would be -- there would be serious issues if they were not having chinese issues listing here. >> how about if the president tweets "i'm fed up with the ipos." >> why would he do that? >> he does a lot of things i can't figure out. >> true statement. >>> 10 cent music, by the way, just keep in mind spotify owns 10%. >> buy spotify. >> when you listen to spotify, you do, as everyone does in my family aren't you shocked that artificially they figured out what you want. not unlike netflix. >> want

i think that groupon will do well no matter what situation they are in. >> in addition jeff bezos isn could buy a media company. another potential deal makerr t companies including charter communications. >>> right now many of the moguls are out biking or hiking, but many are also behind closed doors having deal talks. >> i love the rivuove the arrivf the backpacks. >> summer camp for billionaires. so who else are you watching we showed the shot of jeff bezos. everyone is wondering if any of the big new fang stocks could be suitors for old media companies at some point or is that just going to continue to be speculation for a while? >> i think that this is really the year where more than ever people are wondering if apple and amazon would be in the market to buy a media company. when you are looking at what they are doing amazon is the one everyone is really talking about. look at the scale of prime video offering. although they have done a good job acquiring content, developing content they seem to be serious especially as they do things like bid for nfl rights. so they seem to be s

. >> the biggest sale on group sll on may be groupon. that's where we begintonight's market focus. the e commerce platform has been in contact wh a number of public companies to gauge interest in a possible sale. alibabi and iac are among the pontial suitors. acadia pharmaceutical was pressured after an report questioned the safety of that company's only drug. the report from the southern indevelop gative reporting foundation, also questioned the company's saless, practind alleged that acadia used regulatory loopholeso get the treatment improved. as a result, the shares fell nearly 7% to 16.63. helener products company of troy, said a rise in e commerce sales helped overall results top estimates. the company behind dr. scholls and vicks, saidt expects earnings for the year to beat analyst's targets. the shares rose to 114.85 and a hi 52 week high. >>> snap may be teaming up with amazon, snap is developing a feature on its app that would allow users to take a picture of an object and be directed to an ap don listing to make a purchase. resnap s rose nearly 1% today. shares of amazon

recode says that alibaba, which took a 6% stake in groupon back in 2016 may be a possible suitor groupons rallied on the news, but the stock is still down this year and has lost almost half its value over the past five years. hey, ty, what's coming up? >> let me tell you we have a lot going on in the u.k. right now there's the brexit stuff, the world cup, there's wimbledon there is also a golf tournament that will tee off next week over there. the open championship. doesn't get any bigger than that somebody will walk away with that trophy, the claret jug. mike is going to join us to talk golf, basketball, and any sports we want to tackle. that's coming up when it comes to travel, i sweat the details. late checkout... ...down-alternative pillows... ...and of course, price. tripadvisor helps you book a... ...hotel without breaking a sweat. because we now instantly... ...search over 200 booking sites ...to find you the lowest price... ...on the hotel you want. don't sweat your booking. tripadvisor. the latest reviews. the lowest prices. with a $500,000 life insurance policy. how much do you

barry dillard, o chairmanf iac is reportedly lking at buying groupon and greg mathay is here.eff bezos when asked if hemp was buying a y for amazon and there's speculation that a giant such as amazon or apple will make a move into media. >> i think when amazon, apple and netflix can bring so much capital to bear to iest in content, netflix investingio bi of dollars a year in content, ittes necessitates so consolidation in some areas of thet industry and i expou will see a lot more of it. >> and it's not just t public media and tech giant here. the uber ceo is here, along with uber's softbank. he's interested in cybersecuri and a.i. companies and there are several of those companies speaking behind closed doors heret the conference. for "nightly business report," i'm juliaootin in sun valley, idaho. >> comcast increased its over for sky to $34 billion. that trump's fox's earlier offer of $32.5 billion forhose assets. >> still ahead, so where were you ten years ago today? ♪ ♪ >>> a decade ago a key event happened in pasadena, california. on this day in 2008 the fed seized mortga

the company has been compared to groupon with chinese customers looking for a bargain but what sets itt, from competitors such as ali ba ba, it it apart, from competitors such as ali baba, it uses something that has a billion users and customers call on friends and as a reward they get a bargain. its founder is a wealthy man, one of china's... he has become the 12th richest person in china because of the deal. the markets. a mixed picture in asia, digestive results from the american tech companies. facebook slump putting sentiment into tech stocks around the world and that will drag the nasdaq down in the us. the picture in europe looks more rosy at the start of trading. looking across the atlantic, the big story in the us will be the release of the latest gdp figures. for the three months tojune. the predictions are for growth numbers not seen in years — which has been a key issue for president trump. paul blake has more from new york. right now our country is dying out 196 right now our country is dying out i% gdp. so at 3.3% gdp, i see no reason why we don't go to four, five, and ev

and you know yes groupon so no official confirmation yet but this is a source close to the investigation that's being quoted in british media and based on the information that we have so far do we know what led police to the suspects. well according to that source it was c.c.t.v. footage in the u.k. not only here in london. there are security cameras really everywhere and it's this footage of the security cameras then checked with border traffic so people who travel in and out of the country this is according to the source was led to the identification of the several suspects but we have to take it with a pinch of salt not the government or the police have said anything official. so there is another couple were recently poisoned in the nearby town do police believe that there could be a link between these two cases. well that's always been the working assumption of the investigators and the home secretary. that that was the main line of inquiry and the assumption was that this couple has found left over a syringe maybe or some sort of capsule that they have been in contact with but that

david: groupon is looking for a buyer.the second-largest for tech company at the time. as you can see, shares are trading as if they are operating on groupon. lower thanerating 80%, alibaba presents a 6% stake in the company. bloomberg is the first network design for social media. hourly updates and all of the content there are verified by bloomberg. to get out and pull the handle -- kick it out and follow the handle on your screen. this is bloomberg. ♪ -- twos keep solve things off with the singapore corner. >> on my car, i am calling it a bitcoin bummer. the tough line on chart shows rising treasury yields. the u.s. treasury yield is about that 2.5%. continues going to raising interest rates. have the other optional my chart, the white i'm going down, then, the other option, the coin, which yields nothing. my chart suggests that the coin can continue falling and i call it the bitcoin bummer. of course, it can be found at the jake peavy library -- gtb library. library. david: i'm calling mine fairly single -- simple. not

she was looking up a place to get a phone fixed from groupon.'s not just the face of groupon. she really is a user. >> she really is. she is so immensely talented. >> everyone was so excited to see her here. >> the dancing? >>> hey, also in "pop news" time for a little pop quiz. are you ready? ♪ here's the clue. well, this music is really giving it away. legendary host to a wildly popular sindicated show for over 30 seasons? the answer is, who is alex trebek. but his time behind that podium on the iconic show could be coming to an end. trebek telling harvey levin there is less than a 50/50 chance he'll return when his contract ends in 2020, opting to instead take the life of leisure for $200. >> well done. [ applause ] >> the 78-year-old has been the face of so many game shows over the years but none more recognizable than "jeopardy!" earning five emmys and lifetime achievement award. trebek says he has replacements in mind. >> who? >> do you know the l.a. kings announcer alex faust? >> right, right. >> he likes him and laura coates from cnn leg

groupon is being accused of online coupon business on the back of ibm technology without permission. ibm demanding more than $166 million in damages. the ibm lawyer says that groupon arrived late to e-commerce and failed to purchase licenses to use patented tech. the patents in question are invalid. day.l news 24 hours a this is bloomberg. a look atust taking what we have on the way. netflix taking a massive hit after hours. details are on the way. this is bloomberg. ♪ rishaad: we are back. this is bloomberg markets. during the growing chorus warning that the markets are becoming too complacent in the face of a full-blown trade war. >> at the moment i think that good thatook pretty we will have at least some more rounds of restrictions. along thein not too government will realize there is more to be gained by supporting the multilateral trade system and negotiating the sets of issues that have led them to trade conflict. u.s.u point out that the has done something to contribute to this. what is the likelihood for the u.s.? it doesn't seem likely now so what position with the imf take

groupon looking for a buyer, a lot of focus there. a mini -- a lot of u.s.h care companies in the spotlight. the administrator of obamacare is freeing -- will spinthat tencent off its music business, then moving to biotech's because this will put the music industry back in the spotlight and let you see streaming. bio jam has brought a big bump to the industry, 19% gain, 20% friday, had to do with promising results from a drug that had disappointing results several months back. there is a number of companies in the same space moving higher. it is a chance a lot of analysts are saying for those involved in biotech to get back into the group. these are on the upswing through the week. and then there are the banks. j.p. morgan chase, we have got wells fargo, citigroup, all of them kicking off inc. reports at the end of the week. -- bank reports at the end of the week. how they manage off it by lessng costs in a charitable trading environment for bonds. yvonne: we will see how supportive the earnings story will be. on the ego front we have a fresh round of data,

groupon jumping this morning, the executive banks contacted public firms to garner interest for the and some people are floating around maria some names alibaba because of that al alibaba 6% stake, so you are seeing groupon off early highs up 8.7%, by the way, we will watch for twitter earnings the earnings will be on july 27th, before the opening bell, back to you. >> thanks so much nicole petallides on the floor we are gearing up for earnings this week your expectations. >> second quarter concerns coming out beginning friday with banks. >> i don't think major effect of trade what that means especially for banks going forward i think going to be strong we talked about it the question is will it be the peak, have we hit, supposed to be 20% growth o for this quarter i see a lot of back-and-forth over, the beginning of the end, we're coming down 20, 20 going to be the -- the big pitfall. >> in in terms of of slowdown. >> yeah. >> some point what are we 10 years recovery. >> we are closing in on it i think the interesting thing to listen to all earnings calls, is the guidance, going fo

and they're reportedly looking at buying groupon.addition to groupon viacom could be one, and liberty global could be a buyer or a seller and it's worth noting all the sports folks who are here, all the various commissioners of leagues and some team owners as well >> what an exciting backdrop there. the ceos of the media industry julia boorstin keep us posted. thank you. joining us to discuss, nice to see you both so robert, comcast i guess is where we should start. what do they do next our parent company, we should also note. >> well, they have a challenge, which is surprise that disney was able to put this together so quickly. i got kaulds frcalls from invesd others asking about questions about fcc requirements and all that and documents showed up and the big thing was the department of justice. i'm guessing it was original expected to take a lot longer. so comcast has a short fuse. it's got to get there by the end of this month. >> craig, do you think they will up their bid or do you think they're going to back down ha halfhearted

. >> groupon, more i've been staying because of the hatch that said, let's go to "the halftime report" >>> hi, welcome to "the halftime report," i'm scott wapner. on top trade this hour, back to the rally as the s&p hits its highest level in three weeks can earning keep that momentum going. here to dedate it, joe terranova, pete najarian and yim crimin jim cramer >> the financials lead the way as wilfred just told you, all right, jim, trade is dominating everything yesterday, we get this big rally. can we get back to reality and focus on what really matters >> well, look. we are in earnings season, earnings season, i used to work with stephanie, earnings season is fraught really, pepsico, saying don't get in, get after. be careful of the banks. i'm mindful of the people who are saying don't be in pepsi or at least be cautious are very good analysts. that's what starts tomorrow morning. maybe is freaks people out, if it's bad, i suggest they have optionali optionality. i think the powerhouse, with the banks. >> you've been making the point basically over the last handful of days, at mi

i don't think so the gulf is too wide >> i also asked diller if iac was interested in buying groupon.t's rumored he said i don't know but he didn't rule it out. we'll have much more from sun valley over the course of the day. we'll have an interrue with liberty international ceo mike freese coming up in closing bell guys, over to you. >> julia, thank you. it's been a lineup julia boors sten in sun valley she has an interview with randall stephenson tomorrow morning as well. >>> so dry always love hearing from barry diller fantastic. >>> moving on to broadcom, this is the tech story of the day broadcom making this $44 and 50% share in cash per bid for ca technology got a lot of analysts shrugging going, what are they doing here? the reason is broadcom is a chip company, all kinds of chip they made this unsuccessful bid for qualcomm that made a lot of sense to a lot of people. aside from qualcomm and the u.s. government trying to become this mega chip player but now ca, very different here is a player where more than half of its revenue in the last fiscal year was in the mainframe busin

. >>> groupon's run as an independent company may be kpoming to an end. the pioneer of the daily deals is searching for a buyer it's trying to drum up interest. it was worth more than $16 billion when it went public in 2011 it's now valued the $2.4 billion. back to you. >> a big fall from grace for sure, landon thank you for that. >>> we're just getting started on worldwide exchange. a triple digit jump at the opening for the dow. we'll tell you how to best trade this new week. >>> later, who runs the world? what the louvre did that have fans of beyonce anjaz d y booking trips to france. >>> welcome back a quick check on the early market action. so far this morning, futures indicated higher if the dow jones were to open right now we still have four hours to go let's get a quick check on the fixed income market. the ten-year treasury yield at 2.851. a little lower than what we saw for the yield about an hour or so ago but we still have a long way to go and a lot of market action. >> that's correct. let's discuss the market implications we're joined by chie

groupon soaring as it looks for a buyer. let's go to the bloomberg gtb's, where you can find our charts. this one is earnings growth and it is visually displaying the big gain. earnings probably grew 20% in the second quarter after rising 14% in the first quarter. that is a big game, possibly the biggest since 2011 if you cross out the first quarter. that is creating, for the moment, investor optimism. isn't that the case that some tech companies most exposed to a trade war rely on chinese plants to manufacture chips? they may show the greatest gains. su: what the analysts say is that when you have 30% gains in the tech sector, it causes one to put trade concerns on the backseat. the big profits are probably going to overcompensate for any perceived losses here. what you are looking at, this video of tech companies, tech earnings, while general earnings are expected to rise, tech earnings are expected to rise by 31% on average. materials companies are expected to have a 33% gain and energy companies, well over a doubling in

and we saw barry diller whose company is looking to buy groupon.nd liberty media's greg methaye is here meeting with various companies and investments. it is not just media moguls here we have the uber ceo here along with soft bank's ceo we were told yesterday that he's interested in artificial intelligence companies and not worried about the triple war with china the big panel this morning happening right now is with bobby kodak, michael bloomberg and barry diller it will be a busy day. we'll have lots more from sun valley. >> those arrivals never get old, julia. you can tell it's a little chilly there, too. julia borstein up early to bring us guests from sun valley. walter, allen and company is inconsequential, do you think it will make a ripple effect regarding disney and comcast >> sure. i would love to be out there with julia today because that's really, other than the nato summit, an amazing c conglomeration of people to be competitors or coop ray or th--r the -- cooperators you have fox, disney and comcast, all who have leaders out at sun va

--ustice on the coming up on washington journal, groupon hatalsky from the third way talks about thee within the democratic party between moderates and progressives. with president trump threatening to revoke security clearances of several former obama officials national security attorney mark zaid securityto discuss how clearances work, who receives them, and the process of obtaining them. forbes magazine senior editor stbe

. >>> ipm is suing groupon for alleged patent violations.upon says that ibm is trying to use outdated patents to squeeze money from other patents for threatens of litigation >>> general electric beating the street on the top and bottom lines. and the shares up 2% at one point. they're up 5/8 of a percent. microsoft also reporting better than expected results. also raised guidance for the current quarter. >>> wall street continues to pay close attention to the trade talks coming out of washington when joe sat down with the president yesterday at the white house, they talked china and trump's tariff strategy. >> did you ever get to 500 >> i'm red i do go to 500. >> we have the midterms. what if the stock market were to go down? >> if it does, it does i'm not doing this for politics. i'm doing this to do the right thing for our country. we've been ripped off for a long time i asked president xi the question, so we're down 507. recently we're down $507 billion in trade deficits, how did it happen? they told me nobody ever complained >> joining u

groupon is looking for a buyer. let's go to the bloomberg earnings growth. that is the title of our chart of the day, which can be found under gtv's library of charts. that is on average after writing 14% in the first quarter. look at this. pretty strong in december. we are looking to go higher than that. it will be the second highest since december and the biggest gain since 2011, and that is where the optimism is coming from. yvonne: it is interesting, too, su. we watched some of these tech companies must exposed to a trade war who rely on chinese plans to manufacture. su: you have got a lot of analysts saying there could be 33% gains because they have done so well, and that alone is enough shift away from the trade concerns. let's take a look at some of the headlines that have come across from these analysts. they say the tech sector will earnings growth in the second quarter. we have got energy firms likely to show profits rise by 132%. 33% growth rate in the same time period. let's take a look at some of the stocks that they are talking about. nvidia sp

groupon as a mix of well as gamified things like checking in daily for a reward, these guys have tappedniche market for people that want supervalu. want a talking -- super value. rishaad: how key ha tencents's backing been? david: absolutely vital. it is fair to say without tencent, this company would not exist. a huge amount of traffic. a lot of the revival spread comes thanks entirely to we chat, tencent's environmental messaging platform. if you are a customer, you want to get a discount, you share the link to your friends and family. the more people that click on it, the bigger the discount becomes. if it were not that ability to spread things so quickly through a ubiquitous messaging platform, these guys would not have anything like the traffic that they do. with their backing, $250 million bought of shares being by tencent, that helps as well. haidi: still with us is kenny wen, everbright wealth systems analyst. visited disappointing, the takeoff to the big name tech ipos we are seeing in china? bity: the performance is a out of my surprise. don't forget the industry is highly com

groupon's taking a big share of baseball i don't know whether the weather is a factor.n the end, at the ebay conference call i said, no, this was one of the weakest of the quarter and i can't come up with a reason to buy the stock. i just don't have one. >> wow >> it was not good >> it is down sharply. >> looks like paypal got the better end >> what's paypal's money cap at? >> a note out this morning, morgan stanley saying $105 billion. >> we ought to be thinking about buying financial tech companies. are you kidding me visa mastercard paypal they're like the stars of the show that's like saying you ought to start thinking about looking at the -- >> payments. >> visa's market cap, just because it is so enormous -- $315 billion >> mastercard, too near a record high today we'll get earnings from both companies next week. >> they better be crazy, for this money >> tesla downgraded over at nitum. big topic of discussion. >> look, it is the huge cash burn, slower model, sx sales, cannibalization model. credits, unsustainable cash burn it is just -- it is like captain renault

groupon shales are surging in premarket trading. the company has been looking for potential are -- potential buyer. at $16 billion in 2011 it is now valued at $2.5 billion. the final straw for starbucks, the world's largest coffee chain shot says i-20 20 it will eliminate single use plastic straws. starbucks uses more than one billion plastic straws per year and it will replace them with alternative material ones and lives.ble straw less more than half a century after they got together, the rolling stones are proving their time is still on their side. they signed an unprecedented deal with universal music group. universal continue to distribute catalog and the company will handle brand management and merchandising rights. that's your bloomberg business flash. francine: ecb executive board member says he does not think the trade war will be really euros in recovery. he spoke exclusively with bloomberg on the sidelines of an economic conference in france. >> is really important to gauge the impact on business confidence which so far h

visit tripadvisor.com stuart: groupon, okay, online discount company, got it. to be bought. that helps the stock. its up 5 1/2%. >>> twitter reportedly suspended 70 million fake or suspicious accounts in may or june. the stock is down 8% on that news. >>> switching gears, automation in the work place looks to be the wave of the future. one study says 800 million people, including a third of the workforce in america and germany could be left jobless by 2030. that sound as little exaggerated, does it not? our next guest says the automation helps, doesn't hurt. joining us is robo global president and cio bill studebaker. so your point is, that robots don't takes job, they actually help create jobs. make your case, please, bill. >> that's exactly right, stuart. if robots are stealing our jobs, they're doing bad job of it. you have to only look at unemployment levels here in the u.s., even countries heavily automated like japan, where the unemployment rate is 2.2%. i think there is a lot of scare tactics in place when it comes to automation. i think it will be much