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
We have your markets, your news. Geopolitics. But first, here is Sebastian Salek. Has founddent obama his successor, donald trump, after the republican accused him of hobbling the transition to his administration. Trump told reporters gathered at his maralago resort in florida that we had a very nice conversation. It started with a tweet that alleged inflammatory statements and roadblocks. That brought tensions between the men into the open less than a month before inauguration day. Strain u. S. Israeli ties have reached another low as secretary of state john kerry and Prime Minister Benjamin Netanyahu traded blame over a stalled middle east peace process. In a speech yesterday, kerry a two state solution to the israelipalestinian conflict is increasingly out of reach. President elect trump promised a fresh start. Netanyahu accused john kerry of antiisrael bias. Netanyahu israelis do not need to be lectured about peace by foreign leaders. Israels hand has been extended in peace to its
Have been performing quite well this year. We saw bond yields rise in materials on the rise. Weakness in the more Interest Rate sensitive groups today like utilities and telecoms. Lets look at some of the other asset classes. I want to look at oil prices because the American Petroleum institute reported last night a drawdown of more than 500 5 billion barrels, 5 Million Barrels. We get that data about half an hour from now. This survey is we will only see a drawdown of 1. 7 Million Barrels. We will see what effect it has an oil prices. Oil pushing closer to 50 a barrel. Gold trading at a sevenweek low. Also, the u. S. Dollar. We are not seeing Much Movement on that front today, at least if you look at the index. We have not been seeing a very much going on today. If you look at what is going on with bond yields, we continue to see them higher. Selling in the treasury market pushing yields up. That is not surprising given this renewed view that the fed is going to be potentially more ag
The major averages at the moment. A near flat line. Weve got oil prices now on the rise, we had that janet yellen testimony, we had durable goods orders this morning. Crosscurrents in the markets today. Lets talk about oil. It pushes higher by 3 . Oil having some wild swings over the past week. Algeria itself proposed a cut in production. They may sign onto something later this year. Look at how this has played out in the various groups in the s p 500 today come energy doing the best today, telecoms doing worse. A downgrade to at t at ubs. Industrials are one of the areas in the green. For augustds orders were unchanged. The estimate was for a decline of 1. 5 . Weve seen the industrials, durable goods orders desk durable goods durable Goods Companies rising today. ,ere watching the drillers almost bringing together durable goods and oil. We are seeing them rise as well. Baker hughes and weatherford international. Another company in that semtechals index is death they raised their fully
Those that really have in some ways suffered the most are those that are the families, and thats the kids the wives, the husbands, the parents. Woodruff those are some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Lincoln financial. Youre in charge. And with the ongoing support of these institutions and. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff for the first time in 14 years, no american troops were involved in major Ground Combat on a memorial day. President obama took note of that in his appearance at Arlington National cemetery. He laid a wreath at the tomb of the unknowns, and said the site is more than a final resting place for fallen heroes. Each simple stone marker, arranged in perfect military precision, signifies the cost of our