Service body for palestinian refugees, less than half of its expected contribution. Global news 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. Analysts in over 120 countries. Im alisa parenti. This is bloomberg and Bloomberg Technology is next. Emily im emily chang and this is Bloomberg Technology. Bitcoin tumbles, its worst decline since 2015 . We catch up with arianna huffington, what she has to say about current ideal plans and the me to movement. And one of apples is getting slammed for harsh conditions. There hasnt been a a selloff like this in bitcoin in months. Less than a month ago bitcoin was trading at almost 19,000, rival cryptocurrencies are also doing the pain here it to discuss that and cover all of the news in cryptocurrency, we correspondent and also cory johnson. What is boeheim the pressure . Rampant speculation by a handful of traders, an interesting piece that we have been suggesting that a lot of the rise in bitcoin years
Concerns about harsh factory conditions. Yvonne, we know equity markets here in the u. S. Were lower but what has been rising and rising quickly has been s p estimates by analysts. See so many upgrades because of how high the markets have passed the markets have run. I have a chart view that shows this g btv 8902 here is the yellow line here for s p earnings estimates this year. But how they are accelerating and rising given that the bull run, the record bull run we have seen so far, much faster than the s p estimates for 2019 and 2020. It looks behind the curve, perhaps wall street has been to how much tax reform seems to be propelling these markets higher. It is quite rare to actually see these earnings upgrades in the months of january so i guess they are starting to see this windfall when it comes to tax reform. But it was a wall street overnight. First you had down a 26000 and then you had down and you get back to flat and a lot of russians on whether this is a onetime affair or i
The latest trend in fashion. , whichs a trend growing are u. S. Companies bringing their cash back from abroad. We know apple is the big one. They are going to be bringing billions of dollars back, which means theyre going to pay 38 billion in taxes. And that is really, for lawmakers to pass the tax reform, that is the eyes on the prize. They have built up this much money overseas, when are they going to bring it back, and how much is it going to bet go back how much of it is going to go back to the economy. In creating jobs, which is most important to the white house. Those numbers that were highlighted in the press release if you look underneath the hood, theres questions of how much is going to be repatriated back and where it is going to go . A lot of the money is in the denominated dollars. And will other Companies Follow as well . In the meantime, another note on that, apple is spreading the joy, with employees getting bonuses. We also have overall stocks up, and a wild ride that
Rippling spotify revealing plans for new listening options, for radio and podcast. Yvonne it is a showdown in the podcasting world. Also a showdown in washington. We are going to be getting the vote. Essentially we heard earlier today that the senate does not have enough votes to pass a continuing resolution. Looks like we are closer to a Government Shutdown. I want to pull up this chart, which raises another issue. It i separates, but related to this continuing resolution vote. Issue, which is the debt ceiling. That deadline is coming up. It is a bit of a moving target. Expectations are we are going to hit that debt ceiling and need to lift it in march. That is being reflected in treasury markets, where traders tbillsing shortterm due in march. Yvonne its interesting you up, because there is difference between a shutdown anticrisis. We are only talking about there is a difference between a shutdown and a crisis. It could be limited depending how long a shutdown lasts. Some nerves in t
Did quite well. About weve been talking the investors worrying the last few days with yields continuing to march higher in anticipation of higher interest rates, itever the month of january, looked like a pretty good month for the bulls. I want to bring in this chart, as we round out the month. You can see s p stocks the best performance since march of 2016. President trump will take a look at take credit for this. The market is still doing well. If you look at that chart, investors are optimistic about prospects and we might be hitting an inflection point. Markets are rebalancing as well, and what we saw with the bond market overnight was significant of 10 year treasury yield spiking to 2. 97 . That is the line in the sand and it is a worry for many equity bulls out there. Mentioned,vonne just the 30 year yield breaking through a significant level, that 3 yield. And it seemsh us, like Equity Investors are paying attention to the bond market. That level reached and getting to that site