Christmas. Thousands are fleeing ongoing wildfires in southern california. Have burned hundreds of homes. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im jessica summers. This is bloomberg. Bloomberg technology is next. Emily im emily chang, and this is bloomberg technology. Broadcom posts numbers that beat across the board as it tries to pull off the biggest takeover in tech history. Amazon and alphabet butt heads over reciprocity with customers caught in the crossfire. A bloomberg exclusive, coinbases ceo offers his take on bitcoin, which just roared by 13,000. It has nearly tripled its user base. Lede, broadcom reports fourthquarter results forecasts, offering an optimistic outlook for the current quarter, indicating its smartphone customers are optimistic about them and about demand. Lets bring in our bloomberg editor at large, cory johnson. You have been pouring through the numbers. You said it was an interesting quart
The latest allegations of Sexual Misconduct. Oregon democrat ron wyden [no audio] the senates gop majority voted today to begin talks on reconciling the two tax bills. Lawmakers are headed to conference to work out differences and emerge with a final bill that could be passed by the senate and house and then signed by President Trump by christmas. Thousands are fleeing ongoing wildfires in southern california. Flames have charred 50,000 acres of land and burned hundreds of homes. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im jessica summers. This is bloomberg. Bloomberg technology is next. Emily im emily chang, and this is bloomberg technology. Broadcom posts numbers that beat across the board as it tries to pull off the biggest takeover in tech history. Amazon and alphabet butt heads over reciprocity with customers caught in the crossfire. A bloomberg exclusive, coinbases ceo offers his take on bitcoin, which just roared
Good buy into early end and maybe beyond. But lets start with todays rally. Joining our exchange today is jim kahn, sarge gilfoy, and Rick Santelli at the cme. Rick, im going to start with you if i may ahead of the fed meeting tomorrow weve got a bit of a stealth rally in the pound the pound. The dollar over the last week or so including a little bit today how many rate hikes over the next 13 months are priced in you know, i dont know that much of the dollar activity that were seeing today is necessarily predicated on what investors think about 2018 whether its two, three, some are saying four. I really think its more of a function of the u. S. Market kind of bucking the trends of europe, the spreads of our treasuries especially the long end is distancing itself from the yields of the long end of europe and as that occurs, if you were to put that on a chart, the differential at 210 basis points seems to be one of the factors that could be dragging the dollar up a bit. More in a yearend
We thought it was going to be a quiet friday. I would not say there is a lot someise, but there is movement into safe havens. Dollaryen outflows coming through. Ind is up, a move down swissie. Suisse on theedit japanese markets and how they are changing their outlook there on japanese equities. , 4055,look at my chart very straightforward. Credit suisse is saying if you look at the headwinds facing japan, whether uncertain boj policy, a diminished case for a weaker currency, strengthening since the summer, and weve been 1. 10, a flatlining in the markets. You take those two things together and look that the buybacks are tracking lower compared to last year, so it is benchmark right now. We are no longer overweight japanese equities. Unsurprising as we move into the open of markets in china and hong kong come 30 minutes away from that. Singapore, malaysia, taiwan coming online. , sophie take us through those numbers. Sophie the yen easing gains. Markets. D response to management says th
This is daybreak asia in hong kong, just after 7 00 a. M. I am betty liu. Yvonne and i am yvonne man. Club. Joining the msci they also added 53 more stocks to this conclusion. A Long Time Coming for china, a lot of questions. Betty given we were not the ones flags prominently, the stock connect china put in place. That being a key reason why they decided to include these shares. Yvonne they mentioned it was a bringingger, overall, a boost to the hong kong and shanghai markets today. Markets a after oil slumping into the bear market, from the highs we saw in february. Lets see how new zealand is performing this morning, continuing this negative tone. Stocks down 0. 2 . Still a slightly higher dollar story, the kiwi at. 7243 against the dollar. Energy stocks in australia, those are the ones to watch. Under pressure today with wti. Tumbling to the lowest level in nine months overnight. The market getting fatigued on these opecled cut. Futures heading lower in sydney. Nikkei futures ending