This is bloomberg technology. Coming up, the doj is hitting at t hard. Details on the lawsuit that could block at ts 85 billion takeover of time warner. Er speeds up its driverless push, striking a deal with volvo. Details ahead. Plus, more dealmaking in the chip industry. What the 6 billion acquisition means in its continuing consolidation. Lets start with the lead. The u. S. Justice department is suing to block at ts 85. 4 billion takeover of time warner. This is a major blow to the carrier to create a media and telecommunications empire. At ts chief counsel said he is confident the court will reject the claims and the company is withng a press conference the ceo is expected to speak. We will bring you the headlines, but first ed hammond just listened in on the doj call and joins with the ceo is expected to speak. Also with us is cory johnson and bob odonnell with technalysis research. Us. Ed, you have been listening in on the call. What is the Justice Departments rationale . Ed they
State sponsor of terrorism. That at T Press Conference is still happening. We are listening for breaking news out of that. In the meantime, we had that bounceback, but lots of people are saying, the correction in the markets might not be over yet. If you look at this chart, it just shows you come indicated by the white line, that the leading indicator continues to show pretty robust growth in the u. S. , 3 plus gdp growth in the United States, which is a reason why, even though there are some bulls out there getting worried about the stretched valuations, when they look at the indicators, they are saying, it still seems like it is a go for the markets. You might call them reluctant bowls. Yvonne yeah, global synchronized growth is what we continue to hear from a lot of our guests. You can certainly see that in europe, as well. Despite the Political Uncertainty surrounding germany and chancellor merkel, the dax is shrugging off that risk. Are still looking for some type of catalyst of w
Ballooning pile of debt. Go straight in a breaking news and data out of singapore releasing their gdp numbers. Lets go to haslinda allman. Numbers. Sean the strongest quarter in about three years. Gdp coming in a 5. 2 . At a 5 estimate. 2. 9 the quarter before. Quarter and quarter we have 8. 8 before manufacturing going game busters up 18 . The government has revised gdp andthe year between three three point 5 between one to 1. 5 to three and a half percent. This is like the optimism express. Remember, he said gross for the year may exceed 3 . That is coming through. Some economists have already raise their own estimates for the year. Looking at about 3. 2 , its previous estimate was 2. 8 . As you know, singapore, highly intertwined with a global economy. It is benefiting from the recovery in global trade. Byufacturing is lifted demands. Trade rose 12 year on year, building on the 9 increase for the last quarter. Other industries, like services, are also showing improvement. Just singa
Support that. The white house has ruled out talks with north korea over its Nuclear Arsenal after secretary of state Rex Tillerson said washington and pyongyang had opened channels of communication. White house spokeswoman Sarah Sanders said now is not the time to talk. The Supreme Court kicked off its new year with Justice Neil Gorsuch onboard for his first full term. The nine justices are taking up cases, forhprofile which they were shorthanded following the death of antonin scalia. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti. This is bloomberg. Bloomberg technology is next. Emily i am emily chang and this is Bloomberg Technology. Coming up, oracle opens up , adding new features to take on amazon in the cloud. We will discuss the potential competitive advantage with the c. E. O. Plus, damage control continues with a new status update pledging more clean up on facebook. The social network is adding over 1