we have paul sweeney joining me now from new york and cathie woods.

and paul sweeney of bloomberg intelligence. good to see you.nutes away from the closing bell. coming up on the bloomberg market day, this week we learned -- to be by more than 4000 rental properties. is this shifting trend or a sign of economic weakness? we will discuss that coming up next. ♪ . . alix: we are moments away from the closing bell. this is the bloomberg market day. i'm alix steel. [closing bell ringing] we are looking at the dow falling for a fourth straight day. we are negative on the dow jones industrial average for the year, falling by about five points. you can call it flat, but it was a crazy ride we have seen. flat, the nasdaq, one of the bigger losers there. but the dow is closing around a two-month low. we are in the middle available -- of the longest losing streak since march. the nasdaq falling for a second day. digging in the smp, telecom, tech and the utilities leading the smp lower -- the snp lower.

we have paul sweeney joining me now from new york and kathy woods. paul i want to start with you.hy is uber taking out this line of credit if they don't need the money? paul: it is the first step of going public. we have seen this move in the past from other early-stage companies, tech companies that are really hot on wall street. by going to your banks and singing we want a line of credit which we think most large companies should have it engages shows that a lot of these banks are committed to the company. they look at the commitments made at the credit companies as a precursor, a gauge at how much the companies could depend on these investment banks. yes it is always nice to have a lot of credit in the marketplace before going public but it is also a little bit of a road test. emily: kathy, you think uber could use this money because they have some things they want to buy. what can they do with this? kathy: we know we are bidding for a mapping service that microsoft owns through gnocchi nokia. i remember nokia bought it for $8 billion 10 years ago. now we know it might only go

tom: paul sweeney is with us, and seth masters as well.you have to get on those wonderful cash flows? seth: you have to be careful about where you pick and choose to be. i think the story, ironically is about something we also do which is family wealth planning. we work a lot with ceo's. tom: mr. murdoch, if you are listening this morning, a b bernstein. seth: does that involve letting the family continue to run the company or not? you need to keep a lot of eggs in one basket, and that dramatically increases your risk. paul: i think he will have chase carey there for at least a year as his advisor. the question is, can he step up? he has done a good job before. he has been involved but now is the time to really execute. brendan: challenges that would james has to do is turn in empire into a company. tom:paul: rupert is an empire builder. he is not interested in short-term gains. brendan: let's talk about something that is a much bigger mess than the fox succession planning. it is greece, of course. on twitter we are asking about twitter. t

hall joins us now from los angeles -- paul joins us from los angeles as well as paul sweeney here in . anything less than $100 million would be considered a massive failure, within a? paul: i think so. we really need the film to deliver. we have had three weekends down since memorial weekend. this would be a huge boost to the summer season, which is just about in with last year's season, which ultimately ended up down 15% versus the record year before. our analytics show that moving forward, we will have a lot of big movies. 2," "mission impossible." "jurassic world" is the first movie that could turn this summer around. scarlet: it was a limited release on thursday night? yes.s.: the expectations, as paul suggested, are very strong for this opening weekend. the expectations are of $300 million globally. this is a big movie for the industry, a big movie for comcast, which owns universal studios. scarlet: of course, the 19 a three "jurassic park" made $50 million in its opening weekend, a record for its time. i be comparing this to "star these --asten the for fast and the furious"? do

its latest film, paul sweeney of bloomberg intelligence is all over this story and joins us now.week, dress world made like half $1 billion. but we're only talking about the u.s. here >> we see a lot more sequels coming back from "jurassic world are come -- world." stephanie: these are kids movies. my children do not walk out of a movie ever and say that its stock. it is the fact that they went to the movies, they love going. my question to you, paul, is, is that what this is all about? is the fact that movies are moneymakers and it does not matter if julia roberts, denzel washington, george clooney tried for -- trifecta is about eight-year-olds? >> they tend to target the kids. year to date up about 6%, it has been a big franchise spirit we will have another avengers coming out. star wars is coming. get ready for that. think about that franchises these things they can bring back year after year that drives the box office because they play not only in the u.s., but all over the world. so movies have to play globally, not just in the u.s. matt: by the way "avengers" is marvel owne

paul sweeney is not going anywhere. running our wonderful shop at bloomberg intelligence.n our next hour, this is a timely discussion on hedge funds . they are actually doing pretty well, event driven, but what about the future of hedge funds in a reduced expectations world? greece is on the move. the creditors have spoken. we will have that for you when we return. ♪ tom: the only thing certain in washington -- nancy pelosi will be wearing black and an important trade vote in the senate. there has been maneuvering by her president to outmaneuver her democratic house. let's get to our morning must-read. brendan: "the new york times" gave -- it to barack obama. he must use his trade authority to reach better agreement. because agreements are secret, it is hard to determine who is right. but now the burden of fruits will rest squarely on the shoulders of the president. and bipartisan support for trade agreements the administration needs to reach deals that address concerns raised by many democrats. we have phil mattingly with us in d.c. he has been watching the negotiations o

paul sweeney is here to help us answer the question. i want to bring up some math.ly explain's everything you need to know about yahoo!. you subtract the value of alibaba and yahoo! japan. you and up with negative residual value. is that really the report card on mercer mayer? paul: think it is. we have been focusing on the value of alibaba and the way to maximize shares to alibaba, but the fact is the core business is showing no growth. revenue declined in certain quarters. this is -- internet advertising is going 13% per year. yahoo! is losing sure to competitors like facebook and google and so on. this is the challenge from orissa to turn this around. stephanie: our analysts and investors taking a look at not only have core business but these new strategies she is building? are fearful resting on the joy of the alibaba stake? paul: the stock is down 20% because investors are saying i think i have a decent idea what alibaba's worked for me in the spinoff and what yahoo! japan might be worth to me. what see remaining is the core business. i don't see much growth in