Dealnews, kicking it off with one of the slew of deals, oracle and tiktok. The u. S. Government will undertake a security review of the potential partnership. Treasury secretary Steven Mnuchin said that earlier today and added the deal tiktok would create Tiktok Global and finalists. Joining us now, shelly banjo. Outre waiting for more news of oracle. It still needs approval from the u. S. And beijing. What are the odds this thing actually gets through . Shelley we are far from done. I would say we are just beginning to figure out what will happen. Now the ball is in the Trump Administrations court. Has a set ofktok microsoft, your proposal is not going to fly with us. Were going to go with oracle which provides much more control to keep a lot more control of the companies can previously discussed under a microsoft deal, which would have been outright sale. Trott has been pushing for an outright sale, and many members of the administration had been pushing for an outright sale for many
Bloomberg television. We welcome all of you. Lisa abramowicz and i in new york and mr. Ferro in london. Jobs report tomorrow. We are going to do a spacex launch supposedly in 45 minutes. You know what i need from you . I missed you so much. I need a tots update. They are dealing at tottenham, no question about it come with what is going on. Have they finally lifted themselves into the final four . The big clubs, but weve experiment within the United Kingdom is having the fans back, just a few, and trying to work out what capacity we can push that story. Maybe as the League Starts again in the next couple of weeks, hopefully we can build on it through the season. Tom i will say this, and im not kidding, nobody has done it better thans the premier league. The jobs report is a grim number. Jonathan and it speaks to the economic pain. Perspective really matters, and that is what i got to weeks off. You saw more layoffs coming from cardirlines, some Credit Companies putting limits on Consum
By 9. 1 and the pain is very much in the tech sector. The nasdaq is down even more. Stoxx 600 down by 6 10 of 1 . 1834,rodollar is at 100 stabilizing at this point. The euro has been down and pushing back. The lira is that a fresh record low against the dollar. Just off a fresh record low. Alix a lot of activity in the u. S. Is a steep selloff in tech. Scarlet fu, walk us through the nuts and bolts. Scarlett we are off the worst levels of the session before the nasdaq its the biggest drop since june 11. No specific catalyst. The jobless claims report was not encouraging, but this is a long time coming. People saying equities were not extended, especially those in the growth sectors and specifically mecca cap names. Looking at the different indexes within the nasdaq 100, 80 9 of the members are lower. Are down. M within the s p 500, 62 . Then you get to the dow average. 57 of the members are lower and within the valley, only half the members are down. They give you the sense of the rota
And the stocks index down after broadcom said it was having a tough time with china trade problems. Up almost another 1 , 1355. 10. Guy today all about broadcom, all about the chips. European stocks are lower. It is the chip stocks. These are down. It is definitely a trade story, as you say. It is about wally about huawei and about what the president is going to do next. Bynt crude popping higher 0. 5 . We did see a russian rate cut today, as anticipated, and they are pointing at more. What is interesting is that the russian ruble went up. Vonnie President Trump says iran responsible for the recent tanker attack. His comments are coming after u. S. Officials released a video they say shows the Islamic Republic was involved in an attack on an oil tanker in the gulf of oman. Also triggering a rush to safety come up with global bond yields heading aware. For more on what all of this could mean for the feds upcoming meeting, we are joined by cameron crise, bloomberg macro strategist. Obvio
You can watch his speech on Bloomberg Television at 9 00 new york time. I am emma chandra. This is bloomberg. Bloomberg technology next. Emily i am emily chang and this is Bloomberg Technology. The growing disconnect between Silicon Valley and washington. Our deep dive into the lobbying landscape as tech looks to bridge the gap. A new game but a familiar face emerges as the front runner in the search for ubers c. E. O. Could take the wheel at the ridehailing giant. A onceinalifetime event that unfolded right before our eyes. We have all the details from the first total Solar Eclipse to cross the u. S. In 99 years. Rift between the Tech Industry and political establishment since President Trump took office. Tech leaders and the white house have butted heads on several fronts from immigration to Climate Change and most recently the policy around hate speech and hate groups after the events in charlottesville, virginia. Washington has grown more critical over tech firms on their size, pra