Pompeo,ia director mike but tillerson and President Trump deny reports. Emily this is bloomberg technology. Coming up, bitcoins have to the mainstream. U. S. Regulators have cleared the theto allow future specs on company. We will discuss legitimacy of cryptocurrency. Plus, taking stock of uber. Joining us now, poly Chain Capital cost ceo. Ceo. Ly Chain Capitals great to have you here on the show. What a week it was. I imagine it has been crazy for you as well. I imagine it has been a crazy week and here for everyone in the cryptocurrency space. Massive. It gives access to anyone who wants to have access to bitcoin without actually having to hold bitcoins. It also means it opens new Financial Products so people can shorten it and that against the. Rice for a first time i think there is an increasing understanding that this is a massive technology, perhaps larger than anything weve seen since the creation of the internet itself, and its important we create careful, pragmatic regulation
Alleging Sexual Harassment by congressman john conyers says her client is expected to testify next week before the house ethics committee. House democrats have called on the 88yearold conyers to step down. s Attorney Says he will decide whether to resign within days. In a meeting with libyas prime minister, Rex Tillerson dismiss reports the white house plans to have him removed. Is laughable. Official said the plan is to replace him with cia director mike pompeo. Global news 24 hours a day powered by our 2400 journalists in more than 150 news bureaus around the world. This is bloomberg. Emily i am emily chang and this is bloomberg technology. Coming up, bitcoins have to the mainstream. U. S. Regulators have cleared the way to allow future specs on the feature exchange operators. We will discuss legitimacy of cryptocurrency. Plus, taking stock of uber. But will put the companys financials under the microscope after it burns through more than 1 billion in the last quarter. Hister stands
Morning. Every segment of taxpayers, every category of taxpayers get significant believe. 200 a year, but the regulatory believe, the reasons the economy is beginning to pick up. I think this is going to get them going again. Lawmakers make christmas push for the reform coming out this morning. Rising threat launching joint air drills following yet another missile test for north korea late last week. One lawmaker is calling on the government to remove u. S. Military families from the region. In practice this morning on fire expecting a pretty good rally on the heels of the Senate Passage of the tax bill is better than 200 points right now complete reversal from fridays uncertainty. S p 5002 thirds of a percent of the nasdaq up one half of a percent by now. Dft 103 quarters of a percent right now. Cac up 1 of the dax up one and a quarter . Asian markets next at the close does he see shanghai japan lower. Hang seng at the court of a percent of the kospi of better than 1 . Drivers with an
Productivity washington helping drive stocks lower. Bitcoin boom, the cryptocurrency surging past 12,000 for the first time ever. And the buyback trade, home depot announces a 15 billion repurchase plan as congress looks on track to pass Major Corporate tax reform mute you futures moving lower three day losing street for First Time Since august. Data from adp, the private sector added exactly 190,000 jobs that was the estimate in fact. The year to date average now, 209, which is better than last years 181 well see what friday brings. Look, i think were in one of those moments when i used to trade professionally where you would come in and say it wants to go down i was watching will and morgan this morning japan is down. I said to you on cross talk, copper had a bad day you know, theres a belief that maybe tech is slowing down, which i cant find i ask everybody there isnt a big firm where is tech slowing down, cant come up with it. But the market wants to go lower and its okay. If we ha
Christmas. Thousands are fleeing ongoing wildfires in southern california. Have burned hundreds of homes. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im jessica summers. This is bloomberg. Bloomberg technology is next. Emily im emily chang, and this is bloomberg technology. Broadcom posts numbers that beat across the board as it tries to pull off the biggest takeover in tech history. Amazon and alphabet butt heads over reciprocity with customers caught in the crossfire. A bloomberg exclusive, coinbases ceo offers his take on bitcoin, which just roared by 13,000. It has nearly tripled its user base. Lede, broadcom reports fourthquarter results forecasts, offering an optimistic outlook for the current quarter, indicating its smartphone customers are optimistic about them and about demand. Lets bring in our bloomberg editor at large, cory johnson. You have been pouring through the numbers. You said it was an interesting quart