Koreas foreign minister says hess country has the right to shoot down strategic u. S. Bombers even if theyre not in north korean air spas. Stocks dropped sharply. The major indexes did recover some of those. The Dow Jones Industrial averag dropped 53 points to 22,296. The nasdaq was off 56, and the s p 500 was down five. Well, north korea got a lot of investor attention, so did something else. Bob pisani explains. Tensions are on the rise once again after a war of words between President Donald Trump and north Korean Leader kim jongun escalated today. North koreas foreign minister said trump has effectively declared war on the rogue nation, and that north korea now, quote, has every right to take countermeasures, including the right to shoot down u. S. Bombers even if theyre not in north korean airspace. Weve had hear similar exchange of threats now, the markets have mostly shrugged them off up until now. The gold was up. Bond yields dipped to lows, lifting real estate, defensive nails
Shares in fiat hit the skids after the u. S. Department of Justice Reportedly prepares to sue the carmaker over its excess emissions. Burberry shares are in fashion with investors in early trade as the Company Reported better than expected underlying profit as a new ceo gets set to wear the pants. Sent to where the pen good morning once again, its thursday. Glad youre with us. Lets get straight to the markets, see what the fallout from the white house drama continues to be. The stoxx 600 is still off by 0. 5 . The dax seeing its biggest loss since before the trump election. The dax down 1. 4 , the cac off 1. 8 . The worst day in more than eight weeks. As you can see, were extending that selling pressure on the markets. Lets look at the sectors one by one. You can see autos are under pressure, off by 1. 4 . This is mainly because of Fiat Chrysler given the u. S. Investigation and the pressure on the carmaker. Well get much more from nancy hungerford. Utilities, Household Goods are the f
Will not pardon joe arpaio. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. Im emma chandra. This is bloomberg. Bloomberg technology, is next. Emily im emily chang and this is bloomberg technology. Coming up, bloomberg gets this scoop on apples highly anticipated 10th anniversary handset. Plus, mark cuban slips on bitcoin after calling the Digital Currency a bubble. The outspoken skeptic is now a believer. Our Digital Currency is becoming a mainstream investment . Facebook is losing teenage friends. A new report says more of them are logging onto instagram and snapchat instead. Is thehe large largest social Media Network losing its cool . Last week, we showed you the news smartphone from android cofounder andy rubin called essential. Tomorrow, it is samsungs turn in the spotlight. They are expected to announce the new galaxy note eight with a display that covers the whole device and an improved camera. You may recall that the pr
Will not pardon joe arpaio. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. Im emma chandra. This is bloomberg. Bloomberg technology, is next. Emily im emily chang and this is bloomberg technology. Coming up, bloomberg gets this scoop on apples highly anticipated 10th anniversary handset. Plus, mark cuban slips on bitcoin after calling the Digital Currency a bubble. The outspoken skeptic is now a believer. Our Digital Currency is becoming a mainstream investment . Facebook is losing teenage friends. A new report says more of them are logging onto instagram and snapchat instead. Is thehe large largest social Media Network losing its cool . Last week, we showed you the news smartphone from android cofounder andy rubin called essential. Tomorrow, it is samsungs turn in the spotlight. They are expected to announce the new galaxy note eight with a display that covers the whole device and an improved camera. You may recall that the pr
Could new sales stats boost Investor Confidence . Bitcoin surges, investor interest is growing stronger. Are we in a cryptocurrencies bubble . When will it pop . First to our lead. It is a redefining moment for the samsung note line as the company unveiled the samsung note eight. Isis their largest phone howevg confident in their new phone. We have that story. Manhattan dtown i am in midtown manhattan for the unveiling of the samsung note eight. It is the latest version since the galaxy note seven was recalled after reports of catching on fire and exploding. Lets take a look at it. the note eight has an improved camera with two lenses on the back of the device. It also supports faster networking for browsing the web and content. Samsung killed off the smartphone after customers reported issues with earlier modelsphones catching fire. The whole fiasco cost the company an estimated 6 billion. We will not know if they have gottththere lopeople have tested it. That is not the only issue