Iranian nuclear deal. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im Alisa Parenti. This is bloomberg. Bloomberg technology is next. Emily im emily chang, and this is Bloomberg Technology. Coming up, our conversation with u. S. Transportation secretary elaine chao. Her approach to regulating autonomous cars. Our conversations with the ceos of arm holdings and turner. A member of congress is calling out apples ceo over the companys response to batterygate. Senators john senator john thune speaks out. First, u. S. Stocks fell for the first time this year. The s p 500 index, snapping a sixday rally, that was the longest since october. Abigail doolittle is in new york. What brought this on . Abigail with the record highs we have seen for the major averages this year, last year, the averages since 2016. After the big gains, investors stepping back a little bit, especially before earnings season kicks in. That said, we saw some
A part of every deal. Border patrol and immigration agents raided nearly 100 7eleven convenience stores. Interviewedd workers as part of an ongoing investigation. In moscow, Russian Foreign minister Sergey Lavrov met with his iranian counterpart to discuss the situation. The situation in syria, where both president s support bashar alassad. He also pledged support for the Iranian Nuclear deal. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Bloomberg technology is next. Emily im emily chang, and this is bloomberg technology. Coming up, our conversation with u. S. Transportation secretary elaine chao. Her approach to regulating autonomous cars. Plus, we bring you more big names from the consumers electronic show. Our conversations with the ceos of arm holdings and turner. A member of congress is calling out apples ceo over the companys response to batterygate. Senator john thune speaks out. F
Activity, a lot of speculation that has been going on. In the past few moments as we have been talking about, there was a report from cbc that disney and 21st century fox held talks for disney to take over some of foxs various networks. Not a fox news or business channel, but the Cable Networks like fx, for example the two sides. No longer in talks. We definitely saw some stock reaction. Disney spiking and coming back down, bouncing around as people try to figure out what to make of all of this. 21st century fox was actually trading at a 52week low, it had touched that around midday. It obviously turned a layup and is now trading higher at about 6 . Its not just the two individual stocks where we are seeing the reaction, we are seeing it among this Ripple Effect. There is a lot of turmoil within the cable industry, people cutting cords, the rise and surge of streaming services. Perhaps there will be some kind of consolidation. The other player we have to show strengthenedould a combine
Decemb december k putting together two companies that in terms of programming are similar. Its not like were going from one network that does reality or that type of programming to sports or lots of scripted work or whatnot this is putting those two things together the question is are you better off putting those two together or in this new age of media trying to go into scripted gore into a premium thing scripted. Scripted. But this has been bandied about. For a long time they were two sort of theyre not like outliers that deserve to get together. If it was going to happen, would put these together for scale thats where the synergistic value is some analysts would question this how much more power does a discovery scripps together have in terms of carriage agreement Going Forward . How much value proposition, if you want this channel you have to take this channel that was more scripps problem than a discovery problem zaslav yesterday admitted we are managing through the new times, dau
A policy that on average would hold the inflation rate below 2 . That is not our policy. We want to see the inflation rate get back to 2 as rapidly as we can. But there are lags in the impact of Monetary Policy on the economy and if we waited until inflation was back to 2 and that would probably mean that unemployment had declined well below our estimates of the natural rate and only then did we start to begin to you know, the word tighten Monetary Policy i dont think is really right because we have an immensely accommodate testify Monetary Policy in place. So let me say just to begin to diminish the extraordinary degree of accommodation for Monetary Policy we would be overshoot we would likely overshoot substantially our 2 objective and we might be faced with then having to tighten policy in a way that could be disruptive to the real economy and i dont i dont think thats a desirable way to conduct policy. Gina, bloomberg news. You mentioned earlier that there is always going to be som