Follow the best interviews. There is no bubble on technology. Based on what i have seen recently, i am not going to be advocating it. Ramy and boiling down the brexit debate. It is all straight ahead on bloomberg best. Ramy hello, and welcome. I am ramy inocencio. This is bloomberg best, a weekly review of the most important analysis and interviews from around the world. As the week began, repercussions from the revelations of the socalled Panama Papers continued. Monday saw David Cameron under fire. Mark Prime Minister David Cameron is facing lawmakers after a week of scrutiny of his financial affairs. He was forced to acknowledge profits from offshore investments, but he told parliament he is not suggesting all mps should publish their tax returns. David cameron we already have robust rules of members in interest and the declaration. That is the model we should continue to follow. Svenja it is not fun for the Prime Minister. He did quite a job answering mp questions today, he will no
There is no bubble on technology. Based on what i have seen recently, i am not going to be advocating it. Ramy and boiling down the brexit debate. It is all straight ahead on bloomberg best. Ramy hello, and welcome. I am ramy inocencio. This is bloomberg best, a weekly review of the most important analysis and interviews from around the world. As the week began, repercussions from the revelations of the socalled Panama Papers continued. Monday saw David Cameron under fire. Mark Prime Minister David Cameron is facing lawmakers after a week of scrutiny of his financial affairs. He was forced to acknowledge profits from offshore investments, but he told parliament he is not suggesting all mps should publish their tax returns. David cameron we already have robust rules of members in interest and the declaration. That is the model we should continue to follow. Svenja it is not fun for the Prime Minister. He did quite a job answering mp questions today, he will not take this. Mark other ques
Below 45 a barrel. A design of 4. 13 . Energy the least well werg sector. Also its a quadruple expiration day. That will put more pressure as art cashin has mentioned. Utilities are holding in decently, one sector not getting crushed as investors do hunt for yield and safety. Is now the time to jump into the beaten down sector . Its down 10 this year. We will hear from both sides coming snup thats one we keep looking to when the market goes lower utilities somehow hang in there as a defensive play of some kind. Plus could apples bottom line get a boost next quarter because of a calendar shift . One wall street firm thinks so. We have details on that story plus much more regarding apple coming snup lets get more on this sell off with our man on the floor at the stock exchange. Bob pisani, happy friday. Thank you. A long one but quadruple witching. Slower Global Growth, look at the Global Industry names, ingersollrand, flur, couple minutes, the big truer manufacturer, everything is down
But first lets get you up to speed on other stories. Joe was talking about apple. It has been a rough ten weeks for the most valuable u. S. Company. Shares tumbling more than 6 yesterday shedding 35 billion of market value. Among the reasons cited by analysts, a forecast by an Influential Research firm suggesting that the iphone and ipad maker is continuing to give up ground it rival the android gadgets. There were also unconfirmed reports that at least one major stock Clearing House was raising margin requirements. And then theres the fiscal cliff. Analysts citing fears about a hike in Capital Gains tax in 2013. Rick santelli has been talking about this, though, the things that were up in 2012, those are the things being sold now, whether that be gold or any number of assets that rose appreciably over the course of the last year. Well be talking about the future of apple and the outlook for its stock a little later this morning with Jonathan Geller of the boy genius report. Good old b
Then i could email you testimonies was that we need to pursue policies somewhat reminiscent of what we see in the 4 growth chapter now. We were talking about what next steps should be, and there wasnt a democratic senator in that hearing who was willing to defend the stimulus on the record. And i was, i was being, you know, pretty combative in my testimony, and nobody argued with me. And the point is that the economy is still terrible. I think 2 is actually optimistic for what were growing right now. And everybody wants to do something to fix it, and thats a great opportunity for a president thats willing to try something new. Thank you. And i just wanted to emphasize that weve been talking a lot about fiscal policy here, about spending and taxing. And entitlement policy. But this book also gets deeply into energy, into immigration, entrepreneurship and a lot of other areas where we think policies f they change if they change, can promote growth. So i thank you all for coming. Thank yo