emily: yvonne man, thank you.real estate listing site auction.com, rebranding itself as tenex, creating a new platform where buyers can purchase a home completely online without ever talking to an agent. the former website has gone through a series of changes and expansions since receiving an investment from google capital in 2014. the company's various real estate platforms have resulted in 200,000 residential and commercial property sales, totaling $35 billion since 2007. joining me to discuss the rebranding is tim morris, ceo of the newly named ten-x, former cfo of yahoo!, and former interim ceo of yahoo! we are going to talk about that. let's talk about ten-x. why the rebranding? tim: it's another step in the evolution of the company, but we are changing, so the name is changing. as you mentioned, the first true online transaction ability for consumers to buy and sell a house with or without an agent. auction functionality, non-auction functionality, value propositions for brokers, functionality for brokers an

the bloomberg news room, i be yvonne man. -- i am yvonne man.a $2 million deal was signed. -- $10 billion deal was signed. this uses the same technology as the coin, to allow real-time speeding up of settlements. is the first to agree to run the system. >> the process between now and next six to 12 months working with afx and others is going to be used to take what are currently prototype concepts you exist, technology that can play with and see, but convert those into something that is production ready in a real-world environment. let's get more from the chief executive, joining us exclusively on the line. tell us how this would work. guest: for us, it is an opportunity to work with our clients, investors, and intermediaries to bring in our bring enormous efficiencies to the market. as was said, it is an opportunity to bring a single source of truth. enormousd move onto amount of time, risk, and costs. the system is currently very fragmented. rishaad: that's the point here, isn't it? who with the counterparties be? about the nice thing australi

yvonne man is taking a look. e, it is incredible facebook has seen backlash against free internet. why? man: most people have said this is threateninget neutrality, at least the president of free access -- at least the principles of free access to equal amount of websites. 1.3 5 million responses coming out over the weekend. it came into the telecom regulatory authorities. 63% of the comments were positive for the plan. another half-million coming in through facebook e-mail. zuckerberg made a personal appeal last month really and one of india's leading newspapers. there were these huge as pushing for this initiative. the broader initiative coming out of its internet.org. they say the program is a bridge out of poverty, to the unconnected billion that we have in india. that allows this initiative, customers to access face as well as the basic tools on the internet -- facebook, as well as the basic tools on the internet. industry groups say this threatens net jollity -- neutrality. all websites should be equally acc

we have yvonne man taking a look into the story for us. : the surge came as we saw venture firms invest in more than 1300 deals in china last year. more than double to $37 billion for the year. breakoutee more companies coming from the mainland in the next couple this venture boom in china is really created by the likes of the second most valuable company and start up right now. can see the $13 billion in the third quarter last year was a blip. we did see a drop in the pace of those investments fall. that was because of the shakeup in internet services. away and area ways really setting up to be a big contender. $37 billion compared to the $16.8 billion invested in the u.s. than. this report does show that the drop in the u.s. and europe was definitely offset i asia and china. -- by asia and china. we are waiting for gdp figures to come out later today expected to show the the biggest slowdown since 1990. does that mean it is coming to a slowdown? yvonne: not quite yet. it is getting tougher to build a profitable business so this could trig

man here. yvonne we have seen the u.s.ome back from this crisis with robust technology innovation, that has made the recovery. of course china is heading down. the weaker yen ultimately safed the value out of china's expansion out because of -- obviously in dollar terms you can see that. china is seeing $439 billion. in particular the race to the top has progressed throughout the year. we can see that this gap has actually widened just a bit from 2015. we have seen it narrow sense 2006. for the first time in almost a decade we can see that china is seeing a tough time closing the gap. we did see u.s. growth expands 2.4% for the second straight year. china, 6.9%, which was the weakest. this is the tale of two economies. we see the old drivers, exports, heavy industry continue to slow. for the first time we see services account for more than half of the economy. that has cushioned the slowdown as well as the port implement. -- employment. economists say the question is not whether china can catch up to the u.s., it is whethe

last year police said turner and another man broke into a home on cassidy avenue the case against that other suspect eighteen year old yvonne langley has been continued until next month the family is homeless and the cat is dead after a condo fire last night. the virginia beach fire department posted his pictures on facebook when they got the deer got to the duplex of sites avenue near oceania. there was smoke and fire coming from the home the flames damaged the house as well as two cars three adults two children three dogs got out that the cat did make it the cause of the fire is under investigation. one after a wreck that put one person in the hospital we want to show you the overturned tractor trailer on route seventeen in al of white county this morning state police tell us a man in a pickup truck tried to change lanes forcing the tractor trailer to swerve and were told the tractor trailer flipped over and hit two cars. the pickup truck driver also swerved and hit two other cars. the pickup truck driver eric blair of smithfield is charged with reckless driving and police say speed may also be a students are recovering a