Taylor not a whole lot going on here. Smaller gains wednesday. Really nothing here on thursday. The s p and nasdaq mostly unchanged. The nasdaq with slight green on the screen led by the pharmaceuticals. Gilead is still continuing to lead the gains there after the takeover of kite last week. Kite does more cancer drugs. That is one piece of good news with some small gain. I want to focus on the big losers we are seeing. Comcast is one name im focusing on. They are continuing to see increased competition. They may see 150,000 in subscriber losses. Shares down the most in two years. They are trying to slow those losses. You have other tv providers like hulu coming in cheaper with fewer channels. Cutters, ithe cord should note. Disney down 4. 5 . They are seeing profit in line with last year, but thats not good enough for investors. Is expected to be released in the 19. Along with the new espn app as well. Released in 2019. We are keeping our eye on irma. It is looking like it may hit flo
52. 74. Creeping up to 53 here are the big stories were watching roku will make its public debut on the nasdaq. Roku priced shares at 14 each thats the top end of the expected range it has a market cap of 1. 3 billion. Rok lush roku wi tra under roku. Roku founder and Ceo Anthony Wood will be on squawk box this morning and rovio, the maker of angry birds video games will price later today. The Senate Intelligence committee calling on facebook, twitter and alphabet to testify at a hearing on russias role in the 2016 election. The hearing is november 1st. Alphabet and facebook have not said if they will attend Mark Zuckerberg hitting back at President Trump who claimed yesterday that the social Media Company was always antitrump. Zuckerberg posting on facebook, trump says facebook is against him. Well, liberals say we helped trump. Both sides are upset about the ideas and content they dont like thats what running a flat form for all ideas looks like zuckerberg said he regrets comments he
Reading of the history of the fed. R more importantly is to look forward to what we presume chairman powell will do. Scarlet that enough it will come at around 3 00 p. M. Eastern time. He is set to make an announcement in the rose garden. Michael what do we really know about jay powell . A lot of people expressing ancerns about him not being economist. He went to princeton and georgetown law. He was a lawyer but went into investment trading and he worked a number of the biggest houses on wall street. Deals and then he went into government and worked for George H W Bush funding the government and supervising financial institutions. A lot of experience before joining the fed. What do we know about what he wants to do . Let us take a look at some of the things we know he has told us. He knows that economy is growing at about 2 , and we are close to full employment. Inflation is going to move up to 2 , according to mr. Powell. Low productivity is the biggest reason we seeing depressed wage
We are seeing how this all fits into the focus with theresa may and whether she can work with the labour party in particular. We will be looking to talk about that with our brexit team here at bloomberg. We also have great guests coming up. David thank you very much. Lets get caught up on the markets. Alix here is where we stacked up. Equities have gone nowhere. Volume in europe is pitiful at the moment. I am looking at cable, not necessarily on theresa mays speech, but the chief economist at the boe will talk about where he comes down on the hawks vers us doves side. Selling on the margin coming down on the board. Crude goes down, 0. 8 . There is a risk of oil below 40 if opec does not shock and on the markets. David it is time now for your morning brief. We will get u. S. Job opening numbers and turnover for the month of may. And we will get the keynote address on normalizing the Central Banks Balance Sheet in new york city. Sell 123ury will billion in u. S. 10 year notes. That is al
Secretary of state. To discuss, we bring in our eam, marty, and Michael Mckee, bloombergs International Economics and policy correspondent. Lets start with you, marty. Its the worstkept secret in d. C. The last couple of days, but the confirmation could be difficult. Walk me through it. There have already been a number of key republicans who have expressed some doubts about the tillerson pick. Marco rubio being on the Foreign Relations committee, john mccain being an influential republican in the mainstream. But ultimately i think theyre probably going to give donald trump latitude on this one, and i would expect him to get confirmed. Jonathan mike, ive been watching the news here in United States, and the obsession by Rex Tillersons supposed relations with the president of russia, mr. Putin. But to quote Bloomberg View just today, a new russia policy needs the exxon c. E. O. s skills, and i can quote him, trump can hardly do worse to get the kind of advice and relies on a different co