Debris. E and global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. This is your first word news. Im a Alisa Parenti. This is bloomberg. Emily im emily chang, and this is Bloomberg Technology. Intels Fourth Quarter win despite disclosing problems with its chip line. Plus, robin hood moves its Commission Free trading model into the creek. Into the cryptospace. An armys army by buy in . That is ahead. First to our lead. Until shares gained about 4 after the Company Released betterthanexpected mornings for the best betterthanexpected earnings for the Fourth Quarter of 2017 betterthanexpected earnings for Fourth Quarter 2017. Vulnerability may be helping intel as computer owners retire older systems upgrade. Joining us now is our bloomberg editor at large cory johnson. The stock is up. How surprising is it . Reporter if this company can grow by 20 , which is what you saw in this quarter, it bodes quite well for this business. ,he pc busi
Last hour. For 1. 8rts citizenship million people. Betty once again, the focus is on the u. S. Dollar here in the markets, and be bit to President Trump to come back at that hosts, reiterating a strong policy, and treasure to treasury had robert harris, let us pull up a chart for us history nuts. It just shows you how much the currency has swung according to different policies that the administration has put in place. Take a look since the 90s when we had the strong dollar policy and a place, it has fallen and strengthened. It begs the question, how much do markets really a leave believe the u. S. Administration does have a strong dollar . Yvonne leading up to what we saw, it was interesting because they were talking about how japanese currency was too weak and they want a stronger japanese currency, and then it started to hurt the economy once we saw the dollar we can. You see gyrations going through here, and when you hear the president talk about currencies, people actually listen.
Performing restorations. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Parenti. Sa this is bloomberg. Bloomberg technology is next. Emily im emily chang, and this is bloomberg technology. Coming up, twitters ceo makes his exit. While the top job at sophia. Ceo plans to put ahead. Ehailing giant s, countries ushering in companies ushering in the next tech breakthrough. Twitter Cielo Anthony Noto has resigned to the ceo position at social finance, or so fi. Hes played a leading role at the company and has his work cut out for him at sofi when he takes over in march. He will fill a Leadership Void after fallout from accusations of sexual harassment. For more on how this all went down, we are joined by Bloomberg News tech reporter selina wang. How did this all play out . How big a loss is this for twitter . Reporter they certainly delivers a blow for twitter, especially at the beginnings of their early turnaround strategy. They a
See. Workshop hathaway, Warren Buffett said he needs a quiet 2017. Betty it has been everything but quiet in the equity markets these days. Out, but it to close want to point to you a chart. G btv 9668, which is what we have seen for huge amounts of price swings in the equity market. If anybody doubted whether or not volatility was here to stay, just look at this chart here it it shows you the difference between the highs and lows on average on the s p fearing s p. Right, butett is 2018 is a totally different story. You just saw on the righthand side with how big those differences are in the highs and the lows. You can see that even on friday, the s p rising by 1. 6 . The dow swinging back with these huge gains 350 points. The nasdaq also rising by 2 . It will be interesting to see, with all the news coming up this week, what price action we will get starting monday in the u. S. Yvonne it seems like we bucked that trend selling on friday. The relief are a lot of equity traders. A lot o
And facebook, and china h and a on a looming cash crunch. The level of debt in china. Yvonne some breaking news right now, south korea inflation in january looking soft, we see a 1 year on year estimate monthtomonth numbers edging lower at 4 10 of 1 , it seems the inflation looking to be getting more soft. Inething we do get to see the Fourth Quarter because we start to see the base effect starting to unwind and the stock currency weakness it is certainly playing into that inflation picture and it is essentially confirms the analysis that that be ok should bok. On hold in the meantime, inflation here looks like it may be picking up pace. That that statement mentioned Economic Growth and Economic Conditions might mean further gradual rate increases and too many that meant Interest Rate hikes coming faster than expected. I want to pull up one of our favorite charts it is wirp, and it shows Interest Rate hikes near almost 100 . Rate hike iner march, and certainly there is a sense where we