Interagency committee that oversees the transactions. Members her from former officials from defense and Commerce Departments. Andy barr of kentucky chairs the House Financial Services subcommittee. This is a little less than 90 minutes. I now recognize myself for five minutes to give an opening statement. The free flow of capital is a bed rock tenant of a United States economy. Insuring that free flow has been a bipartisan goal and im proud to serve as cochair of investment in america caucus along with our colleagues mr. Holding, mr. Himes, and mr. Meeks. It promotes Global Investment in the United States economy and helps educate members about the importance of Foreign Investment. Today, the United States is both the largest Foreign Investors and the recipient of the largest amount of capital investments. That capital has provided a good deal of the energy that kept our enemy vibrant. To provide the fuel of u. S. Businesses and jobs. Today almost 5 of u. S. Workers and jobs are relat
In the wake of the tax bill, mostly passed, the dow and s p 500 are now rising. They had been wavering. The nasdaq falling as we see tech stocks under pressure but financials have been getting a list on perception the tax plan will be especially good for them. We have been watching upward momentum on the s p 500. If you look at the bloomberg, this is the ratio of the s p 500 to its 200 day moving average, trading well above that level. In terms of what percentage, by what percentage it is above the 200 day moving average, you can see by that metric, the s p is not necessarily stretched as folks figure out how much more the rally has to go. We have other related movers today. Fedex, speaking of taxes, this company says their profits will be higher than estimated as we see record holiday shipping. It is also potentially going to get more earnings as a result of tax cuts. Blackberry out with its numbers. Winning new customers from government and private firms. Their revenue coming in ahea
Plagued the telephone you coast for two weeks. Final mandatory evacuation orders have been called off. At its peak it drove about 100,000 people on their homes. Global news 24 hours a day, powered by more than 2700 journalist and analysts in 120 countries. Im Alisa Parenti. This is bloomberg. And more of Bloomberg Technology is straight ahead. Emily im emily chang and this is Bloomberg Technology. Bitcoin bears the bubble theory. Our deep dive into the four day selloff. Plus, validating an apple arben myth. A real story between older and smaller iphones and he lawsuits turning to pile up. The battle between two chipmakers. A hostile take over. Bitcoin investors may be having a reality check. Cryptocurrency l two below 13,000 on friday. Bitcoin has lost those 240 this close but it is lost to 40 this month. They sent all buying and selling was temporary disabled after having delays in processing wire transfers and verifying new customers. These issues it reignite the question, are we in
Renominate anyone he wants installed. Steve bannon and Corey Lewandowski have been asked to testify before the house intelligence committee. The panel is investigating russian interference and the 2016 election. Neither one has responded. And the worst appears to be over for a Massive Wildfire that plagued the Southern California coast for two weeks. Mandatory evacuation orders have been called off. At its peak, it drove about 100,000 people on their homes. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. I am a alisa parenti. This is bloomberg. And more of Bloomberg Technology is straight ahead. Emily im emily chang and this is Bloomberg Technology. Coming up, bitcoin bears the bubble theory. Prices come crashing down. Our deep dive into the four day selloff. Plus, validating and apple urban myth, the real story between older and smaller iphones and he the lawsuits starting to pile up. The battle between two c
Departments. The chair is authorized to have five days to submit materials for inclusion in the record. This hearing is entitled examining the operations of the committee on Foreign Investment in the United States. I now recognize myself for five minutes to give an opening statement. The free flow of capital is a bed rock tenant of a United States economy. Ensuring that free flow worldwide has always been a bipartisan goal and im proud to serve as cochair of the Global Investment in america caucus along with our colleagues mr. Holding, mr. Himes, and mr. Meeks. It promotes Global Investment in the United States economy and helps educate members about the importance of Foreign Direct Investment. Today, the United States is both the largest Foreign Investors and the recipient of the largest amount of capital investments. That capital has provided a good deal of the energy that kept our enemy vibrant. Compensating to some extent for our low National Savings rate to provides the fuel for g