Assembly general tomorrow. Throughout the week we will bring you interviews with newsmakers throughout new york with the Bloomberg Global business forum. Lets start with President Trumps visit to the United Nations. Lets start with kevin cirilli. What does the president need to do here . During campaigning, he said the United Nations was no friend to the United States. President trump is going to have to walk a political tightrope as he criticized the United Nations during the campaign and tried to rally support in the International Community to address north korea. North korea will be sitting in the front row. This comes at a time when nikki haley has sought to work with the chinese and russians in building a coalition to pressure north korea to dismantle nuclear ambitions. David is there anything specific he is asking for on sanctions . Kevin i think in terms of where this goes, it is in the energy sector. Further isolating north korea from International Trade partners, china being t
Citi reiterating its bullish call and aluminum getting a nice pop, at the highest level in five years. David we will be bringing you live coverage of the blue ball Bloomberg Global business form. We have a panel between Christine Lagarde, the Prime Minister of canada and the netherlands, and larry fink of black rock. That begins at 8 30 a. M. This morning right here in new york. Lets get an update on what is making news outside the Business World. Hurricane maria made landfall in puerto rico. The category four storm had top wind of 155 Miles Per Hour when it came ashore on the southeastern coast of the island. Ago, when arrigo suffered a billion dollars in damage from Hurricane Irma. Puerto rico suffered a billion dollars in damage from Hurricane Irma. Mexican Officials Say at least 270 people were 217 people were killed in an earthquake that collapsed buildings and left millions without power. Hundreds may be trapped in the rubble. Investors are waiting to see what Federal Reserve pol
Pretty amazing considering everything we got going on, not a lot happening for the major averages. Mixed trading action, similar to yesterday. The nasdaq off of its lows. If it finishes down today, it will be the first today slide in the week. Two day slide in a week. Lets take a look at the big earnings movers and the reason why the nasdaq is down a bit more than the s p 500. We are looking at tesla, facebook and semantic symantic. Tesla down sharply, down 5 on the model three update. Elon musk says they will be making 5000 cars per week in march. That is pushing that out three months, causing questions from investors. Plunging 9. 5 . They cut the fullyear view. They need to move more toward the cloud. Heres one winner, alibaba up 1. 7 . Thes beat by 6 Chinese Consumer is very strong. Lets see how alibaba is performing relative to the u. S. Internet companies. On the bottom, we have all the saying stocks, up between 25 and 50 . Alibaba up there in white, up more than 100 , tencent rig
Solid ground. Vonnie lets get back to the storm and controversy over trumps abrupt firing of james comey. Mike pence just telling reporters the firing was the right decision at the right time. We also follow swift reaction from both sides of the aisle. Absolutely laughable. Fails to pass any smell test. Both parties, at different times, have called for the mr. Comey. F this is not watergate. No one is happy with this performance. I think it is time to take a new direction at the fbi. The timing raises some questions. Because of the interference by the russians in our election. The idea that you take the person with every other spots ability, including the budget of the department, and somehow it all falls apart, that is not how organizations work. I do not believe the system has been compromised, but i believe at different times at different reasons, people ask for a new fbi director. Now they will get one. There needs to be a special, independent prosecutor who can be insulated and pr
Dollar flat, tenyear 224 and moderate action in crude. Budget priorities the white house out with its 2018 budget plan today which targets big cuts to medicaid, food stamps and disability. Plus u. S. Markets are shrugging off global terror concerns. Futures are aiming for a fourth consecutive day of gains. Isis claiming responsibility for the deadly concert bombing in manchester, uk. The worst terror attack in the uk since the london bombing in 2005. The white house set to unveil the president s budget for 2018 which aims to eliminate the deficit in ten years, the budget includes 3. 6 trillion in spending cuts over a decade, including medicaid, food stamps, welfare, Student Loans and disability benefits. The plan does call for an increase in military spending, most notably, jim, calls for 3 real gdp from 2021 all the way through 2027. Yes, i dont know what to say. You read the new york times, notice i didnt call it the f l failifai failing new york times. This is ridiculous. In a news