Set up a new centrist force. It is a risky move for further weakens the already shaky government created two weeks ago by the centerleft democrats and the populist fivestar movement. He announced his departure with a Facebook Post today. Abc news journalist Cokie Roberts has died with abe has died after a battle with breast cancer. She joined abc news in 1988. She was a congressional reporter and analyst who coanchor the sunday political show, this week with Sam Donaldson from 1996 to 2002. She was diagnosed with cancer in 2002. She kept working nearly until the end. She repute he appeared as recently as he appeared as recently as this past month. Global news, 24 hours a day, on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. Shery live from bloomberg world headquarters, im shery ahn. Amanda live in toronto, im amanda ling. We are joined by our bloomberg and rbn them bloomberg audiences. A
Talk about the bull run continuing. The house voted to ban tiktok or have a divested of what we can expect from the senate. Benchmark is off about. 6 . This is we anticipate volatility because expiration of a whole chunk of derivatives today. The vix taking up a little bit. We are the key get crypto and im taking a look at bitcoin. We close the week where we began overall. We had been getting the heavy highs of 70000 and currently trading at 68,000 so dipping below that 70,000 level. Moving on to individual movers. Adobe is the only one you need to care about. The biggest move having its worst day in decades. Can we dig into the individual numbers but the amount the stock ran up last year, people are worried. If you ask investors which company will make money it was microsoft and adobe and now investors are saying maybe its just microsoft. They expected to see this big surge because of the ai products. Adobe has been putting ai into photoshop and illustrator. But it appears they are mo
Jpmorgan chase, berkshire hathaway, with what theyre calling Health Industry salvo to remind them, maybe all of us together can underpin you twice and maybe underprice you twice, all of those guys, including unitedhealth are taking it on the chin. United health is accounting for a third of the roughly 324 point selloff today. Their presence and teaming up has a lot of folks worried. A lot has to do pretty much with Interest Rates as well. A backup picked up considerable steam amid expectations come tomorrow, that the Federal Reserve will make it official yet again to hike Interest Rates. It will be Janet Yellens last meeting. Again these are sort of a representative of marketbased rates that are 2. 72 . The markets get very leery of this sort of development. The backdrop is still very strong markets going into today, the markets are noise. Volatility index, socalled vix as it is known. It is better than 18month high. Highest it has gone in the bull market cycle. High as 20. Were a long
President trying to state whatever either state or governor needs, i am here. Ill get them whatever they are to have. But this happens at a time when president used a earlier appearance at fort myers to say, he is moving on other fronts as well, least of which is the talks against with prominent democrats this for example on daca. Were working with everyone, republicans, we working with democrat, i spoke with paul ryan, he is onboard. They want to do something, were not talking amnesty, were talking about taking cake of caf people, who were brought here. Very personally we want we have to have a wall, if the wall is going to be obstructed. Well be determine how much we need, then. All right makings of deal there, also some flexibility on daca. On the same day that president was you know explaining again, his position on tax cuts for upper income. They might not materialize, some like Charlie Gasparino could may more. And if you think that does not have charlie upset, you dont know char
Demeaning process, very demeaning on the other side and look as bad as possible. It could be very demeaning but im sure the press would be dignified in this case but that is the word. I really think hes a dignified man and i would like to see him go through a dignified process. I think he deserves that and hopefully it will go quickly. And we folks in the room give yourself, a quick name and a little introduction and wayne, i would say they know you, perhaps they know you better than they know me. I doubt that. Wayne laperriere, National Rifle association. Ceo and president of concerned women for america. Im sharmane yost, with american values. Thank you, mr. President for this nomination. Thank you very much. Im juanita dougan, National Independent Women Business association. Thank you. With the u. S. Chamber about commerce, mr. President. Congratulations on a fantastic nomination. Thank you very much. Er norquist, americans for tax reform. Thank you for the election. Youre doing a go