We are going mostly down. Trump has used his executive powers to ban investments in companies that are associated to the Chinese Military. Lets look at some other asset classes. Dollar index unchanged. The euro, which has been under the caution with the dollar. Crude, just dropping below 40 bucks a barrel. We have the surprise stockpile gain in the u. S. Gold price moving up as well. Goldman sachs saying they are bullish on not just gold but also copper. Lets move to what is happening first word news was. We get over to new york and joined karina mitchell. Karina the chances of a new stimulus package in the u. S. Are receiving with the white house saying sources tell us gop leaders will not lead any of the talks. Mitch mcconnell has been more distant from a democrat proposals, reducing the chances of a new deal. The Federal Reserve is again warning fiscal stimulus is required to support the u. S. Economy as potential vaccines may not end the economic fallout from the coronavirus. Chair
Drive global trade. Problem. Ids, a the vast majority of children are not watching. The Smartphone Market taking a huge hit in the trade war. Apples iphone could be seen weaker than expected demand, especially in china, and huawei gave a doomsday estimate for smartphone sales. The company is ready for a drop of up to 60 in International Smartphone shipments. Founder expects to revenues by 30 billion to slash revenues by 30 billion over the next few years. International shipments that go outside of china account for about half of Huawei Smartphone sales, and that is a chunk. He talked about the revenue hit. They dont want to resort to mass layoffs, they dont want to sell off parts of the business, and they dont want to reduce research and Development Spending it people close to the spending. People close to the situation tell me they have been looking for that dropoff in smartphone sales. This is something weve been talking about, talking to partners, customers across europe, saying the
Youtube kids, a problem. The vast majority of children are not watching. The Smartphone Market taking a huge hit in the trade war. Apples iphone could be seeing weaker than expected demand, especially in china, and huawei gave a doomsday estimate for smartphone sales. The company is ready for a drop of up to 60 in International Smartphone shipments. The huawei founder expects to slash revenues by 30 billion over the next few years. International shipments that go outside of china account for about half of Huawei Smartphone sales, and that is a chunk. He talked about the revenue hit. They dont want to resort to mass layoffs, they dont want to sell off parts of the business, and they dont want to reduce research and development spending. People close to the situation tell me they have been looking for that dropoff in smartphone sales. This is something weve been talking about, talking to partners, customers across europe, saying theres a dropoff because people dont know what will happen
Pope francis will participate in a funeral mass on thursday at st. Peters basilica for the archbishop of the boston diocese, who resigned under pressure for having failed to protect children from pedophile priests. He died tuesday. Senator al franken has given an official timeline for when he will step down. Franken plans to resign january 2. He had announced earlier this month he would step down in the wake of Sexual Harassment allegations. 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 is next. Emily im emily chang. This is bloomberg technology. A new number two. Coinbases Insider Trading suspicions. Investigation into a sudden spike in bitcoin cash just before it was officially introduced on one of americas most popular cryptocurrency exchanges. And one app to bind them all. Apple 2018 plans for a custom application that works effectively on the iphone, ifad, ipad,
Another 300,000 more are still damaged. Global news, 24 hours a day, powered by more than 2,700 journalists and analysts in more than 120 countries. I am alisa parenti, and this is bloomberg. Emily i am emily chang and is bloomberg technology. Coming up, tax big earnings on what has been record earnings. Under onech empire publicly traded roof, will explain. And taiwan may be positioning itself to be the next door currency hot in asia holland a crackdown on china and south korea. Our coverage from taiwan, straight ahead. But first our lead. A slew of the tech earnings this week. Facebook, microsoft, qualcomm, and out the back, and apple. It was a common theme in the tech reports this week. Shares and alphabet, amazon and others hit records after reports, and analysts are expecting the same. Ning us now from new york Bloomberg Tax julie for hageman. Kathy, i will start with you. Lets start with the earnings that you are watching. What are you most optimistic about . Taking our cues from