Good monday morning. Welcome to squawk alley. I am carl quintanilla, morgan brennan, a brennan. The first story, more than two dozen attorneys general expected to announce antitrust investigation into alphabet. Ylan mui has more from washington reporter good morning, carl. We expect that formal announcement from the steps of the Supreme Court at 2 00 p. M. It is the largest coordinated effort to take on big tech we have seen so far attorney general of texas, ken paxton, a republican, is leading the charge this will be a bipartisan investigation. We have a statement from massachusetts ag maurahealey she said Online Advertising is everyone this will center on three big questions. Has google engaged in behavior that stifles competition, restricts access, harms customers. Were told the investigation will include demand for google to turn over documents related to the advertising business. Hoping to get more specifics on how states will frame their case at the announcement later today. Goog
Today, a rare one. Key bank is lowering estimates. And looking beyond the pullback, deutsches chief u. S. Equity strategist on what it would take for the market to return to rally mode. First up, topping tape for us. The move in the tenyear, as the market remains squarely focused on these moving bond yields, and they have been moving higher. Weve got the s p 500 losing some early gains, now down 0. 2 . Nasdaq is holding in there, up a third of 1 . Part of it is the relief youre seeing in treasury yields, its now 4. 78 . Is the market stuck until rates top out . Lets bring in cnbc senior markets commentator, mike santoli. It sure seems so. It seems thats the obvious potential trigger out there. And you probably also need yields to back off, in a little bit more of a convincing way. This morning, soft adp number, you had a little bit of a back off in yields cub into the session. And theyve kind of migranted higher once again, just a little bit. Below 4. 6 on the tenyear is going to look
Cost about 200 billion and take 15 years to complete. A report that President Trump had a next her marital affair with a former playboy model extramarital affair with a former playboy model in 2006, according to reports, they used cap the reports out of the news media but the white house says it is fake news. Global news 24 hours a day, powered by more than 2700 journalist and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Vonnie it is noon in new york city and 5 00 p. M. In london and 1 00 a. M. In hong kong. I am vonnie quinn. Andy i am shery ahn welcome to bloomberg markets. Vonnie from bloomberg World Headquarters in new york, here are the top stories were following. Offal equities shrugging elevated volatility as u. S. Stocks headed for the biggest weekly advance since 2013. Going to los angeles for the nba tech summit, former nba player baron davis joins us. Panther ise black underway with it expected to taken a quarter of a billion dollars this weeke
State of the nation address today. Welcome to bloomberg daybreak europe. They probably ensure your house and probably. Operating profit from pimco is in line. I do not think the opportunities of what to buy are they not think the opportunities of what to buy are they not seeing the opportunities of what to buy . Operating profit was 1. 3 one 1. 31 billion. The overall dividend is an uplift for this company. They are on track to deliver 3 year renewal agenda targets. For the Fourth Quarter you are seeing the income be on the numbers beat on the numbers. You had California Wildfires in the worst Hurricane Season in history in the United States. With all of those headwinds, this Company Managed to up the dividends. Promised histhere first repurchase in the first half of 2018. Are they looking at xl . That is the question. This is the picture over the last three months. The market was thinking that this was a tough time for the company and the rest of the industry. Allianz. The ceo of l he
Were creating a jawdropping new world that represents or largest singlethemed land expansion ever. The two 14acre parks in the work, will both feature rides on the force awakens, as well as the flight of the mihm falcon. No disneys updating the popular Jedi Training cad me. These star wars plans not only show disney is make the most of the acquisition of lucasfilms back in 2012, but they also highlight the longterm Growth Opportunity particularly of of the u. S. Parks. He says this will give leverage to raise prices, and says it will add up to a doubledigit Growth Opportunity in the launch year for these new attraction, crockett saying it also helps alleviate investor concerns about the durability of the traditional tv business. Now, plus after spending billions overseas to build a new shanghai park, which is set to open next year, shifting the focus back here to the u. S. Will help disney stayed ahead of university, which has been pouring billions into its new rides including a harry