Wal-Mart Restructures China, Facebook Targets Teens

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Oct. 17 (Bloomberg) -- In today’s “Countdown Blitz,” Bloomberg Olivia Sterns examines the day’s biggest business stories ahead of the bell. She speaks on Bloomberg Television’s “In The Loop.”

You are watching "in the loop." we are about eight minutes from the opening bell.

It is time for your countdown blitz.

Let's start with walmart.

Walmart is restructuring in china.

They're overhauling operations on the mainland and closing more than 20 underperforming stores.

Customer traffic in china fell more than 8% in the second quarter.

Cocoa prices are at a high.

Raw sugar is now a nine-month high.

Facebook is loosening the reins on teens.

They plan to start letting teens share their content publicly.

New rules that will make it easier for them to share things, but probably will upset parents.

They have to keep up with the competition.

Google plus, twitter, linkedin let teens share across the platforms.

A lot of teens gets onto things like snap chat.

Facebook wants to keep teens.

They have to sign them up young to make sure they stay.

That is a good point.

If the kids aren't using it, that is a bad sign for business.

Got to get them young.

We are minutes away from the

This text has been automatically generated. It may not be 100% accurate.

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