africa's al-hassan goes to wall street giulia the continent's biggest e-commerce operator launches its initial public offering in new york. also on the show busying heights for disney stock after it unveils its new streaming service. and it's game on for a young african takis third turning augmented reality games into a way of addressing persistent problem. is this i'm joined in in berlin thanks for joining us it's the first african start up to list on a major global exchange online retailer jumeirah how to its first trading day today it shows new york to raise one hundred ninety six million dollars selling its shares in the middle of it set marketing range besides raising money the firm is also looking at raising its profile and boosting growth now in june yes potential is huge a market is developing across africa off faster and larger than any than in many other parts of the world when juno was founded in two thousand and twelve it was launched in the continent for biggest countries morocco egypt south africa and nigeria now it's active in fourteen nations for third not the only game

there's #metoo panic on wall street, and julian assange is wiki locked up. so let's catch up on today's headlines. when you think of africa, what's the first thing that comes to mind? it's probably wakanda. ( laughter ) handsome talk show host-- why, thank you. or ruthless dictators. now, wakanda and the talk show host aren't going anywhere-- thank god. but the dictators are on their way out. >> breaking news, in just the last few minutes, word that the president of sudan has stepped down. >> omar al-bashir ousted by the army as part of a popular uprising. the army has dissolved the government, declared a state of emergency for three months. >> after three decades in power, multiple sources telling us president omar al-bashir has resigned. he is under house arrest. >> trevor: this is major news, people. sudan's dick tairpt of 30 years has been kicked out of power. i like how he's saying she's stepping down. no, no, no, my friend. let me put it this way-- when thousands of people with guns come to your palace, you don't get to make it sound like it was your d

wall street time. can catch up on her daily show by listening to our podcast on itunes and bloomberg.com. you can also find us online and our mobile app. in the features section, the accusations of harassment and discrimination that can blow open the closed doors of arbitration on wall street. max abelson and katia porzecanski joins us now. amazing story. i know this is amongst the most read. what happened in august of 2016? katia: lee stowell, the managing director of cantor fitzgerald in their new jersey office, a high-yield bonds saleswoman and has been for 25 years. very successful. she discovered that her mug that her children had given her for mother's day went missing. she went looking for it and she found feces in it. she is now suing the firm over harassment, discrimination retaliation. carol: tell us about her because this is a woman who really worked her way up in the financial industry. it is not so easy for women. max: not always. as wall street reporters, we talk to people, traders, banke

he didn't stand up to wall street. he did the bidding of the large wall street banks.rump's tax plan increased bank profits by nearly $29 billion. donald trump, you didn't stand up to wall street. you let your billionaire friends get away with murder. and that's just some of the lies that trump told the american people. and i can't understand why people voted for trump based on what he said. and the reason for that is that in wisconsin and all over this country, there are a lot of people who are hurting. there is a lot of pain out there. people are working two or three jobs. they're worried about their kids. they can't afford health care. can't afford to send their kids to college. and trump said, the political establishment is not listen to you. well, the truth is that for too long, the political establishment congress did not listen to the needs of working families. unfortunately, trump lied when he said that he would listen to their pain. so our job in this campaign is to reach out to working families who are hurting and to work with them, to finally create a who ar

carter there on wall street for us. now to some other business stories from around the world apple rival samsung also released its latest quarterly earnings posting a sixty per cent slide in profits year on year to five point three billion dollars the south korean tech company claims poor sales and its slow and mid-range smartphone models along with falling demand for primary chips and displays. iran's president hassan rouhani says his country will continue to export oil the spite us sanctions in a speech broadcast on state t.v. he said america was wrong to think it could reduce iran's output to zero pressure from the us is expected to drive iran further into recession and sent inflation towards forty percent. official figures show the eurozone economy expanded by zero point four percent in the first quarter of the year that's twice as much as the previous quarter and unemployment fell to its lowest levels since two thousand and eight it's now hovering around seven point seven percent although that's higher in some coun

now we have to turn to wall street.daq and s&p hit all-time highs monday. 2000 millions of americans, it hardly matters. according to a pew analysis, roughly half of the money in 401(k)s, less than 20%, directly own stocks. and while the economy expanded at more than 3% in the first quarter, the median american husband hold has just $12,000 in their bank accounts and retirement savings. it is just one example of how some believe capitalism is broken. the subject of a new series in "the guardian." dominic rush is joining me now. when my car is broken, i get it fixed. i don't throw it out. are we framing the conversation in the wrong way saying it is capitalism or it is socialism? you talk about the kings of capitalism, highest paid hedge fund manager out there, jamie dimon, who are saying capitalism needs to evolve or die. what does that mean? because it doesn't have to be capitalism or socialism. >> i think you're completely right. at the moment this country seems to be plsplit in two political lines and we're seeing wh

a downgrade sends boeing stock into sharp decline and it drags wall street down with it. also on the show fighting in libya drives up the price of oil as investors that worry about supply disruption. and a code of conduct for a brave new world and europe make ai systems ethical. welcome to d.w. business i'm joined on in berlin thanks for joining us a mixed finish to wall street as investors wait on hundreds of corporate earnings reports a jew later this week but one of the day's big losers was boeing its stock dropped by more than four percent over friday's announcement that it would cut production of its seven three seven max aircraft several analysts are predicting lower profits amid continued fallout from the two recent fatal plane crashes are saying reputational damage as well as the max's ability to sell it could eat into market share in the long term. joining us now is our financial correspondent yan's quarter and wall street hello good to see you so we have an unfortunate makes here of a downgrade production cut so the prospect of financial liability for those two

he didn't stand up to wall street, he did the bidding of the wall street banks.is tax plan increased bank profits by $29 billion. you did not stand up to wall street. you let your milk -- billionaire friends get away with murder. those are just some of the lies trump told the american people. i can understand why people voted for trump based on what he said. in reason for that, wisconsin and all over this country, there are a lot of people who are hurting. there is a lot of pain out there. people are working to-three jobs. they cannot afford health care. they cannot afford to send their kids to college. said, the political establishment is not listening to you, i will. for too long, the political establishment did not listen to the needs of working families. unfortunately, trump lied when he said he would listen to their pain. in this campaign is to reach out to working families who are hurting and work with them to finally create a government and economy that works for all of us and not just the 1%. they are tired of being lied to. rich gettingng the richer. tod

bartiromo's" wall street."aria: happy weekend. welcome to the programming that analyzes the week that was and helps position you for the week ahead. i'm maria bartiromo. we have another jam-packed program this weekend. coming up, blackrock's rick reider is with me overseeing $2 trillion in assets under management in fixed income among other areas, in blackrock's firm of almost $6 trillion of assets under management. later on, minneapolis federal reserve president and ceo neel kashkari will be here as well. a big story for the market this is week was the inverted yield curve when short-term interest rates are higher than long-term interest rates. a couple of reasons why. the ten-year yield broke 2.4% this week. concern about global growth as well as trump's nominee for the federal board, steven moore, saying the fed should cut interest rates immediately. he thinks the fed should cut rates saying that the fed is sucking the oxygen out of the economy, and it's created an economically debilitating deflation, deflat

international terror, to have cause wall street and the financial services industry itself, so you,ht or nine years that you're in charge the southern district, you have a massive portfolio of crime fighting in the records suggest that you did a great job of persuading the fact that you are serious about taking out financial climate in reality, he did not achieve a much. that is a broad statement, i do not think any other offers in the united states of america brought more cases of prosecution, more gang, mafia, financial fraud prosecution, more gang, mafia, financialfraud prosecutions. prosecution, more gang, mafia, financial fraud prosecutions. if prosecution, more gang, mafia, financialfraud prosecutions. if you are referring to the issue of the financial crisis and leaders... well, he didn't say that sir. financial crisis and leaders... well, he didn't say that sirlj financial crisis and leaders... well, he didn't say that sir. i need to get specific... specific and rigourous questions are helpful in order to have dialogue, not to you know denigrate you here. there were leaders

wall street and big banks.s worked for j.p.morgan. my friend scott galloway from the nyu school of business and founder a business intelligence firm. bret stephens and meghan murphy back with you. bret, i want to start with you. here's what i see, maxine waters no doubt will go after the ceo end zone today. b but we take the last ten years, what did they do? they made huge mistakes. i will concede all of the people they took advantage of during the subprime crisis. the problem is they didn't actually break a law, so they didn't go to jail because they didn't break a law. the t.a.r.p. money, they paid it all back. shareholders have done well and their lending practices are tighter. so jamie dimon will walk in and say, listen, regulations were good. everything was positive. everything is going well. but the problem is for half the country, it's not. for all of the people who suffered during the financial crisis, their credit scores are destroyed. almost half of the black people in the united states, 44%, their cr

elements of wall street, elements of global policy.elson rockefeller became the vice president while david rockefeller was running chase, which at the time was a major bank. it was a major power player at chase. but david rockefeller during his time as he was rising to become the chairman of chase, was also working more outwardly with other foreign policy initiatives. more closely with the middle east and finding ways for middle east money. money that was made out of oil to be used as currency, as collateral for loans that chase could make to latin america or other developing countries and make money off of that. therefore a very symbiotic relationship and influence chain. they threw him, had this ability to access moneycoming from an external place . and linda to another external placement that way to take themselves into a position where they could control what the government was doing as opposed to having to be a team player. because they had this extra pot of money coming from somewhere else. he was also an advocate of going off th

i was very much involved throughout my career on wall street. when i left and actually wrote this, i think towards the end of that book i wrote that credit derivatives and cdos, which to get real technical on a sunday, collateralized debt obligations. collateralized means i put a bunch of stuff together and i bet against that also in l layman's terms. they were something i said we should watch because they will be at the crux of the next financial crisis. that's partly because i saw where they were going, i saw the sort of junk that was being put inside of them and that still is, and that then they were very small, very small part of the market, and very much in fashion because they could make so much money for banks like goldman sachs or like bear stearns. ultimately they became the crux of the financial implosion years later. >> were you good at your job? >> yes. i was good at my job in that i was a quantitative analyst throughout my career on wall street. i started as a programmer at the chase manhattan bank in the '80s, from having gotten a

. >> she's smarter than any wall street banker. she's tougher than any nfl linebacker. >> donald trump is a two bit con man. >> a liberal firebrand who can take the heat. poke -- >> she's the worst. >> we're unenthusiastic about the possibility of elizabeth warren. >> a lightning rod is not necessarily a bad thing. >> no matter what they throw at us, we persist. >> the question is, just how far will that persistence take her? >> it's not a question of are you ready. it's what the country needs. ♪ >> this is a moment we should dream big. fight hard. and take back our country. >> the senior is that right from massachusetts takes the first step towards a 2020 run to the white house on. by posting a video on her campaign web site. >> today i'm launching a bid for president. >> even though the announcement has been widely expected it general ra generates a buzz around washington and the air waves. >> it is officially begun. you have a democrat in the race for president. senator elizabeth warren from massachusetts. >> you are the first h

you make more on wall street and st a t journalist. if anyone thinks there's a major journalist you are right. it's important for me to preserve what i have and i do that by being careful and then make sure i'm not paying fees and extra things along the way because thosewa adjustments givg getting them count to zero or nothing that was actually making money especially when you compound about and what where your money goes over time banks spend hours determining how to use theit relationship. there's no reason thanks to charge people to access their own mone money but what happensf you can't maintain a minimum balance a you pay a fee. next call, david hot springs arkansas. thete >> caller:. they did come bac would come bat them the information and my other question is simple and dou think she nailed it? >> guest: i reviewedev that book for the daily beast when it came out. one of the things that happened. he was running goldman sachs as it was participated a lot of trusts and basically come the limitations of stock and other securities

. >>> welcome to wall street. pinterest andoom make their trading debuts.h stocks soar, but are vestors in them for the long haul? >> rebound. netail sales posted their biggest g since 2017 and that's lifting the outlook for economic growth. >> behin the eel, the car is fast, it's rare, it's expensive d it's already sold out. >> those stories and much more tonight on "night business report" for this thursday april the 18th. >>> a we do bid you a good evening, everybody, and welcome. sue is off tonigh there was high drama in washington today with the release of the mueller report, but wall street was more focused on a couple of veryhigh-profile ipos. pinterest and zoom, two fast-growing silicon valley start-ups. they made their trading debuts becoming the latest in a wave oe offerings coming to market. hey operate in very different businesses. pinterest allows you to post images on your digitalrd billb while zoom is a videoconferencing company, but both stocks soared in their debut today. pinterest is listed at the new york stock exchange, both on the nasdaq

wall street drifts lower at the close, but still around record highs on strong corporate earnings. also be live to tokyo in a moment to hear about ghosn. we start with facebook. it's continuing to grow — to make more money — and to attract more users despite ongoing concerns about privacy on its platforms. facebook says revenues were just over $15 billion in the three months to march, that's a jump of 26% on this time last year and better than wall street was expecting. it's benefiting from a surge in advertising spending on the platform, and a growth in instagram. but it's warning it could face a hit of up to $5 billion as it settles us investigations into its handling of users‘ data after the cambridge analytica scandal. it's already spent $3 billion in legal expenses this quarter. those privacy concerns clearly aren't putting people off facebook, the number of people using it at least once a month is 2.38 billion, up 8% on this time last year. more than 1.5 billion people log on every day. facebook shares slumped lastjuly when it reported disappointing revenue numbers and warned

wall street community looking for 95 cents, a clear beat.the stock moving higher in the post-market session. a slight miss, analysts looking for 9.61 billion and united posting $9.59 billion. interesting enough we cover how all the airlines are affected by the boeing 737 max aircraft. the fact they all had to ground them until august for the most part. just to know, united has 14 planes that have been grounded. you compare that to american which is 24 planes and southwest at 34. but just to recap beats for profits and a miss for revenue, connell. connell: eninvestors seem to like the profit numbers up 3%. thanks. melissa. melissa: the unequivocal democratic front-runner what fox news's chris stirewalt calling bernie sanders as committee for a responsible budget says his proposed policies could cost $20,000 per taxpayer. joining me is james freeman from "the wall street journal" he is also a fox news contributor. first of all committee for responsible federal budget that is oxymoron. >> we don't see too many of those. melissa: 20,000 per taxp

what was most important, the systemic corruption of the banks and when it comes to prosecuting wall streethe large corporations, they are, that is you and the federal prosecutors, chickened out. he has a bone to pick, i do not know that he has suggested evidence beyond reasonable against any individual. i do not think he has been to law school, i do not think he has ever been a prosecutor, so you can say whatever you want to say in his book. you can only do what the law permits. hold on, let me finish my statement. the people think that you should be able to put someone in prisonjust because you are angry with them, if they committed negligent conduct, than think about what kind of country were living in because that means that lots and lots and lots of people would be subject to going to prison at the hands of a powerful prosecutor. but i come back to what i opened up with, that is the faith of the public in the system. we know that the financial crash involve some of the titans of wall street taking some desperately responsible decisions, which damage the lives of millions and millions o

kamala harris has a ton of support in this community. >> what about wall street for trump.ony scaramucci say to you? >> well, anthony scaramucci is not just the former white house communications director, he's a hedge fund manager himself. he said, basically, there are a lot of people on wall street who like trump, but won't say it out loud, because he's too controversial. they'll vote for him and give him money. >> they just don't want to say it too loud for their clients. >> exactly. exactly. >> wall street, there are more democrats than republicans for now, but a lot of people that aren't very comfortable with either side right now. >> gabe debenedetti, thank you. >>> more on our breaking news, the feds thwarting a terror plot, targeting a police in southern california where a suspect wanted to use explosives. more details on that. stand by for more. >>> and the white house is signaling there could be trouble ahead for yet another fed pick a week after herman cain removed himself from consideration. we'll tell you what's changing, coming up. so people love iphone xr, rig

the "wall street journal" has this story. they are citing people familiar with the matter saying that it gives background on the deal, the buyer could not be identified but carl icahn, who of course has been an activist investor and one of the most successful investors of our time, he had that stake worth more than half a billion dollars at the ipo price, the exact timing and motivation for icahn's move is not clear right now. but sources say he had been unhappy with lyft's plans to use super voting shares to give its two founders near majority voting rights. you know how that works. the founders, it wasn't one shareholder, one vote, the founders even though they held their stakes, had way bigger votes than regular shareholders. we have just put in a call to carl icahn for comment. he is not in the office, we are told. we have passed on the request to just confirm this. we will let you know what he says, if carl icahn gets back to us. right now, lyft is up about 2%. it had been higher. you can see where it dropped off. just b

e final day on wall street and the nasdaq gained 5.as up ten as we get ready for the flood of earnings. that is "nightly business report for tonight. i'm bill griffeth. see you tomorr. ♪ ♪ >> this is "bbc world news america." >> fundingf this presentation is made possible by the freeman fountion, and judy and peter blum-kovler foundation, pursuing solutions for america's neglected needs. >> wow, that is unbelievable. ♪ >> i'm flying! ♪ >> stay curious. ♪

this is maria bartiromo's wall street. maria: happy weekend. welcome to the program that analyzes the week that was and helps position you for the week ahead. i'm maria bartiromo, thanks for joining me. coming up in just a moment, sheila bair is with me to talk about the grilling of the bank ceos this week on capitol hill. and then later on, we are talking about the booming business of cannabis with soul global's brady cobb invested in a number of cannabis producers. but first, big banks kicking off first quarter earnings, jpmorgan chase reporting $2.65 a share, better than expected, and 29.85 billion in revenue. wells fargo also beat expectations, reporting $1.20 a share in earnings on revenue of 21.61 billion. joining me right now to react to that is the bronson group founder and chief fs inment officer david bronson. always good to see you. >> thanks, maria. maria: what did you make of those earnings? what did you take away? >> the jpm numbers were fantastic, and one of the things that's different from wells fargo, it was every silo. it was

more "wall street" when we come right back.'t go anywhere. ♪ >> our cybersecurity or is under attack, so is america doing enough to combat this growing threat? >> it is a significant impa pact to our national security and impact to our way of life. >> the ceo of southern company breaks it all down when maria bartiromo's "wall street" returns. ♪ all money managers might seem the same, but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. ifor another 150 years. the fire going ♪ to inspire confidence through style. ♪ i'm working to make connections of a different kind. ♪ i'm working for beauty that beg

our financial correspondent yen score at the joins us now from wall street hi ends now earlier today trump tweeted about about how difficult a trading partner that you is any thoughts as to what that you can expect from talks going forward. it difficult to put it mildly u.s. president donald trump is actually saying that the european union has been a brutal trading partner but all comes back to bite you whatever that means but we can probably expect some pretty rough trade talks and if you look at the trade balance the u.s. exports the goods in the amount of three hundred twenty billion dollars to europe and on the other side they import goods in the amount of four hundred ninety billion dollars meaning they're running a trade deficit with the in the amount of about one hundred seventy billion dollars and therefore the trump is ministration believes that they have the better cards in their hands as the might depend a bit more on exports to europe than vice versa so we can certainly expect some tough talks that tough talks ahead indeed but on the corporate finance they've got a much a

what i also did and one reason i left was wall street it was important when i was creating analyticsdirecting my team as i know them in the different places i worked to analyze the downside and to make sure that the salesperson was selling a product for which we were doing analytics they were also explaining what the risks were in that product? and what begin happening was as things got more voracious and competitive and more money and more esoteric products this idea of talking to clients about risks for funding risk analytics within the company just like the budget in washington money goes for this that happens in banks as well and it wasn't considered a priority but down considered and i had more and more of a problem just morally on that because it just it is one thing to create something and risk attached to it and if someone understands the risk to be involved but if the risk is ultimately on the public but cannot be explained properly then that is a bigger problem and that is where i started to divide out from wall street and ultimately become a journalist and author. >> host:

more "wall street" when we come right back.'t go anywhere. ♪ >> our cybersecurity or is under attack, so is america doing enough to combat this growing threat? >> it is a significant impa pact to our national security and impact to our way of life. >> the ceo of southern company breaks it all down when maria bartiromo's "wall street" returns. ♪ as the one who is always trapped beneath the duvet i'm begging you... take gas-x. your tossing and turning isn't restlessness, it's gas! gas-x relieves pressure, bloating and discomfort... fast! so we can all sleep easier tonight. ♪ ♪ maria: welcome back. my next guest oversees one of the country's largest energy providers since 2010. tom fanning has been chairman and ceo of the southern company, the second largest utility through its various subsidiaries like georgia power, southern company gas and gulf power, southern services the power needs of more than nine million customers nation wild, and tom fanning, it's wonderful to welcome you -- >> dynamite to be here. maria: thank you so mu

a terrific weekend "wall street" begins right now. maria: happy weekend welcome to the program looking at the week that was i ever read bartiromo with a respected voice on the economy and then later in the program changed silicon valley forever and eric schmidt is here but first us economy smashed estimates in the first quarter 2019 going at a better than expected rate of three.2 percent boosted by higher exports strong investor sentiment and business spending and intellectual property coming despite a government shutdown with the uncertainty over trade in a volatile and in 2018 admit story over a global slowdown. here to talk to me that all of the above kenneth it is a pleasure to see you. first reacting to the gdp numbers out on friday quick. >> i am an optimist on the economy that i did not expect this. we are growing at about two.5 percent. these numbers, and in terry's - - inventories they move a little bit but it obviously shocked people. maria: what stood out to me was spending on it and business spending because cap x has been

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>> it's a company that is used by wall street firms forget about the use by wall street firms the factat it makes money and pinterest does not it's going to sound like a stupid question, but does that matter >> it's a recurring question, and the profitability are not. again, it's the longer term thesis that these anchor tenants are looking at it's not today it's not tomorrow. it's a longer-term investment. >> leslie, when you do your reporting, what have you heard zoom is well known to wall streeters. i wonder if pinterest, being maybe not the most wall street centric type product, does that hurt it or damage it in any way? >> i think that's a really good point that you make there. >> it's not out of the box, you know, profitability for that company, but i think what wall street really wants to see and the questions that they have about some of the other unicorns that are going public is can you get to that level of profitability? zoom has already demonstrated that it can. pinterest's net losses are narrowing over time. some of the other companies, namely lyft and uber, they're seeing