Taking precautions by drawing down water levels ahead of the storm. Global news 24 hours a day powered by more than 2600 journalists and analysts, in more than 120 countries. This is bloomberg. I am emily chang and this is bloomberg technology. The president arrives in north dakota. The latest stop on his roadshow created cap from cell mainstream and Silicon Valley on how to rewrite the tax code and will the democrats get aboard he will discuss. The divide deepens between the others faded more than 100 Business Leaders signed of 4000 on behalf immigrants whose dreams are now on hold. You hear from one of those. Facebook russian revelations, the social media giant found links to fake accounts in the runup to the president ial election. First, to our lead. President trump text roadshow is in full swing. He just wrapped up a stage in north dakota reaching across the aisle to raise democratic law makers. Easeax burden plan will the burden on individuals. As well as ended a plan to have com
50 states have filed a lawsuit challenging the president s plan to end daca. He was approached right bob ferguson. The program will end in six months, that will give congress a window to provide a solution. Officials planning to shut down to Nuclear Power plants that may be and the path of hurricane irma. The storm could make landfall late on sunday. The army corps of engineers taking precautions by drawing down water levels ahead of the storm. Global news 24 hours a day powered by more than 2600 journalists and analysts, in more than 120 countries. This is bloomberg. I am emily chang and this is bloomberg technology. The president arrives in north dakota. The latest stop on his roadshow created cap from cell mainstream and Silicon Valley on how to rewrite the tax code and will the democrats get aboard he will discuss. The divide deepens between the president and others faded more than 100 Business Leaders signed a letter on behalf of 4000 immigrants whose dreams are now on hold. You h
Given that a large portion of Bitcoin Trading is in china, what does this mean for other crypto currencies . I posed the question to the founder and ceo of change bank, a crypto currency start upholding an initial Coin Offering this saturday. I think everything new, if you are a government or a bank, is uncertainty. And you are afraid of that. People were afraid of airbnb and uber when they started, but nowadays you book your house with a airbnb, you book your taxi with uber. I think crypto currency as well, in a few years everybody will be using this. That is what app change bank is trying to bring to people, so they can pay with debit cards and use services with crypto currencies. This is more of a medium to long term plan, but in the near term you are planning and ico. Could this affect demand and your business . Yes. If i was a chinese company, that would be the case, but actually, with change bank, our ico was very successful. We actually broke records, we sold 10 million in an 2a
Record. All three major averages were at record yesterday but they are sort of drifting today as attention is turning to individual stocks and their earnings reports. I want to take a look at this march towards 23,000, even if we do not quite maintain that level. We have the lines at the various 1000 point intervals for the dow. It is the sixth time we have moved 1000 points over the past 12 months and the fifth time since the election. It has been at pretty regular intervals. We have seen the dow stall out several times once it has climbed to those big round numbers. We have some significant dow movers, Unitedhealth Group rising after the nations Largest Health insurer came out with a medical loss ratio that was lower than estimated as its customers spend less. Johnson johnson out with earnings as well. Off topselling drug fended competition even though there have been accusations that they are using unfair tactics to block patients from getting alternative products. The drug unit gen
Santelli. Just as a note to viewers, we are monitoring fbi director comey testifying in front of the Senate Judiciary committee. Hes already made some emotional comments defending his decision to make public that investigation before the election last fall. Any further comments into russias role into the election, the trump campaign, the clinton campaign, well bring them to you. In the meantime, its 8 00 a. M. At at apple headquarters and 11 00 a. M. On wall street. L squawk alley is live. Good wednesday morning. Welcome to squawk alley. Post 9 this morning. Jon is on assignment. Jo guys, good morning to you both. Watching tech stocks closely here today. Worst day for the nasdaq in several weeks. Shares of apple are slipping after reports after the close last night. Continued weakness in china. Our josh lipton is watching all of those details. Good morning, josh. Good morning, carl. Iphone shipments might have disappointed wall street but apple ceo tim cook telling me in an interview t