Want to use momentum from their tax bill victory to take on welfare. Paul ryan says 2018 is a chance as a chance to reshape the safety net for the poor and disabled. He also wants to change food stamps and medicaid programs. In Southern California firefighters doused hotspots. ,winds increased that could whip up embers and flareups. A huge fire still smoldering northwest of los angeles. Officials say the blazes 60 contained and now the second largest in california history. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti, this is bloomberg. Bloomberg technology with emily chang is next. Emily i am emily chang and this is bloomberg technology. Coming up, we take a look at a big year in consumer tech, from google to amazon to apple. What worked, what did not and what is worth your money . Plus, we discussed facebooks role on the platform for political propaganda. Is the social network overstepping by helping usero
This is Bloomberg Markets asia. Lets have a look at whats been going on. There has been a steeping of the yield curve going on, more flattening taking place. What we have is perhaps an economic slowdown in prospect. Lets have a look at this chart. It goes back to 1986 and it tracks whats going on in the white line into the two to 10 year yield spread. That is indicated by this axis here. Just over 60 basis points between the two of them. The green line is where gdp is. This is inverted. You can the lowest number of growth here, 4 contraction. What happens next is that the yield curve perhaps sees more flattening. We see growth has been improving of late. What happens in the future . We have a strong correlation between the two of them. One of the head scratchers in terms of what we been looking at this year. We had off to christmas break and volatility has been settling going lower, that if we can hold on to the moment in what we are seeing for this rally, we are going to see the asiap
Plagued the telephone you coast for two weeks. Final mandatory evacuation orders have been called off. At its peak it drove about 100,000 people on their homes. Global news 24 hours a day, powered by more than 2700 journalist and analysts in 120 countries. Im Alisa Parenti. This is bloomberg. And more of Bloomberg Technology is straight ahead. Emily im emily chang and this is Bloomberg Technology. Bitcoin bears the bubble theory. Our deep dive into the four day selloff. Plus, validating an apple arben myth. A real story between older and smaller iphones and he lawsuits turning to pile up. The battle between two chipmakers. A hostile take over. Bitcoin investors may be having a reality check. Cryptocurrency l two below 13,000 on friday. Bitcoin has lost those 240 this close but it is lost to 40 this month. They sent all buying and selling was temporary disabled after having delays in processing wire transfers and verifying new customers. These issues it reignite the question, are we in
Renominate anyone he wants installed. Steve bannon and Corey Lewandowski have been asked to testify before the house intelligence committee. The panel is investigating russian interference and the 2016 election. Neither one has responded. And the worst appears to be over for a Massive Wildfire that plagued the Southern California coast for two weeks. Mandatory evacuation orders have been called off. At its peak, it drove about 100,000 people on their homes. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. I am a alisa parenti. This is bloomberg. And more of Bloomberg Technology is straight ahead. Emily im emily chang and this is Bloomberg Technology. Coming up, bitcoin bears the bubble theory. Prices come crashing down. Our deep dive into the four day selloff. Plus, validating and apple urban myth, the real story between older and smaller iphones and he the lawsuits starting to pile up. The battle between two c
Police in brazil say the search is on for 99 inmates who escaped during a prison riot. Nine inmates are dead, 14 are injured. Global news 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. , isbloomberg technology next. Im emily chang. This is bloomberg technology. Could the Biggest Company on the planet go on a buying spree. We look at apples billions of dollars of cash on hand and possible ma and a targets here it plus, bitcoins hangover. Can the currency regain its peak . We will talk about the likely ,uzz around the the first there were about 2. 7 billion dollars of mergers last year, the lowest tally in four years. Will 2018 see a new rush of merger mania . Anotherill buy yet major brickandmortar business in 2018 on top of its recent purchase of whole foods and he says that is target. The timing on this is difficult. We think it is 2018, but seeing the combination of value is easy. This is not just a revenue grab, but a demographic grab. Om d