Toll Brothers CEO Yearley on Luxury Home Demand
May 22 (Bloomberg) -- Douglas Yearley, chief executive officer of Toll Brothers Inc., talks about fiscal second-quarter results and the growth outlook for the company. Toll Brothers, the largest U.S. luxury-home builder, rose in New York trading after reporting the most orders since 2006 and profit that beat estimates. Yearley speaks with Betty Liu and Adam Johnson on Bloomberg Television’s “Street Smart.” Barry Knapp, the head of U.S. equity strategy at Barclays Plc, also speaks. (Source: Bloomberg)
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18:00 - A few years ago, a big VC fund might have had about $500 million to play with. Today, "big" means well over $1 billion. VCs raised $12 billion in the first quarter of 2016, which the industry’s trade group says marked a 10-year high. Bloomberg Businessweek's Max Chafkin has more on "Bloomberg Markets." (Source: Bloomberg)