julia: i'm julia chatterly. carol: check your labels for mating ethiopia. hat ahead on bloomberg businessweek. ♪ julia: we are back with "bloomberg businessweek" joel webber. on the remarksin section and some significant moves from the chinese president in his ongoing consolidation of power. joel: this is a must read because what has happened is limit forremoved its president. we have a powerful president who has done amazing reforms internally and you are going to be seeing him as the base of this country for years. julia: president xi jinping could be president, if this goes through, -- >> it can become a lifetime position. julia: in terms of democracy and economic reforms, what does this ultimately mean? he has been trying to make all kinds of changes thomas some good and some concerning. doesn't feel like democracy, but it speaks to a lot of the reform he has been able to pull off and his consolidation of power will help him continue to do that. it also provides stability and there is a theme in global politics right now, the strongman motif that has bec

julia: i'm julia chatterly.loomberg markets." ♪ scarlet: we are live and bloomberg world headquarters in new york of the next hour. here are the top stories where covering on the bloomberg and around the world. stocks are falling globally at this hour as the tech sellings sends the nasdaq to its loss. down by 2.3%. facebook stock falls more than 6% as u.s. and european officials demand answers to reports that a political advertising form retains information on millions of facebook users without their consent. uber facing tragedy after a failed crash. the company is forced to halt all testing of self driving vehicles. two markets close in under hours' time. julie: this is not like a recovery or a big bounce off of the lows. we saw kelly --

julia chatterly is on assignment. scarlet: i am scarlet fu. joe: i am joe weisenthal. welcome you to our closing bell coverage every day from 4:00 to 5:00 p.m. scarlet: we begin with our market minutes. technology leading the way. in this case, kind of leading or down.p kind of all over the place really here with the nasdaq off by 0.9%. a mixed bag for the most part. joe: stocks really traveled a long way, i noticed as the. flat on the major indices. the nasdaq cleaning up a little bit against a. -- again today. scarlet: we did not see stocks fell off into the close. it meandered. in a broad range but it meandered here. let's look at a couple of individual names that moved a bit. tesla off by almost 8%. lisa has been pointing that out quite a bit. but the concerns when it comes to tesla, especially with -- looking into a car that went on fire that erected into fire or a slow burn because there is something in technology that makes it burned rather slowly. to seeless, a lot when it comes out with its update on vehicle deliveries and what it does when it has two get more