Wednesday, August 15
Why Symphony chat service has not turned into a “Bloomberg killer” (Talking Biz News)
Touted as a big Bloomberg competitor in the press when it launched, Symphony is looking to other markets to support its reported $1 billion valuation, according to a report this week by Business Insider.
Analysts and traders say that traders are reluctant to give up their Bloomberg terminals and Symphony users say not enough buy-side clients are on the platform to create a so-called “network effect.” Simply put, the salespeople are there but the customers aren’t. Multiple sources across the industry said Symphony was being used as a kind of modern intranet, posting company newsletters or even lunch menus.
U.S. Election Update: Groundbreaking Night for Women and Diversity, While a Trump Critic Falls (New York Times)
Mayor from the UK: Whatever Brexit Brings, Mayors Still Have to Deliver (London Evening Standard – West Midlands Mayor)
Michael Bloomberg, former Mayor of New York City, is an example of someone who made a successful transition (from business into politics): he brought the vision, rigour and pragmatism of his business career to city hall.
Saudi Vision: How Saudi’s Stake in Tesla Could Help Musk Go Private (Bloomberg QuickTake)
Trump and Omarosa Have Always Been Kindred Spirits: My Conversations With Him About Her Star Power (Bloomberg Opinion – Tim O’Brien)
From Bloomberg San Francisco Players Technology Summit: Amazon, Twitter Say Global Reach Will Help Lure More Sports (Bloomberg)
Watch Golden State Warrriors’ Kevin Durant talk technology and Andre Iguodala talk investment strategies with Bloomberg’s Emily Chang.
Hot Summer: Heatwave Reveals Lost UK Archaeological Sites, Including Ancient Farms and Burial Mounds (The Guardian) Check out the aerial photos here.
Headlines from around the world.
Bloomberg: Turkey Moves to Ward Off Financial Crisis as U.S. Spat Worsens
Bloomberg: Italian Populists Blame EU After Italian Bridge Disaster Kills At Least 35
Korea Times: Putin Hopes for Early Summit with Kim Jong-un: Pyongyang Media
China Daily: China Seeks WTO Settlement Over US Safeguard Measures
Bloomberg: Modi to Provide Health Insurance to Half a Billion Indians as Elections Draw Near
Best of late night.
On the release of Omarosa Manigault Newman’s new book about her work for the Trump campaign and administration:
“Omarosa’s new book is out today, you can find it in most bookstores, in the section called “I can’t believe this is US History”.”
— Jimmy Fallon
“Omarosa’s book has been criticized everywhere, people are saying it’s petty, full of out-right fabrications. So, if you love reading Trump’s tweets, you’re going to love reading this book!”
— James Corden
On President Trump tweeting that Omarosa was “a dog”:
“Everyone in the White House feels like a dog, because one year with Trump feels like seven.”
— Jimmy Fallon
“Meanwhile, in other news: NASA has launched it’s first ever mission to study the sun up close. Over the course of the next seven years a probe will orbit the sun to study it’s outer atmosphere. That’s how bad things are on Earth right now. NASA’s like “hey what’s the sun up to?””
— James Corden