Alisa speaking by his south korean counterpart today, defense secretary jim mattis told reporters we are never out , of Diplomatic Solutions on north korea. That is after President Trump tweeted the u. S. Has been paying extortion money for years, talking is not the answer. People against the fcc plan to roll back obama era Net Neutrality rules have until midnight today eastern time to make their voices heard. That is when the fcc costs Public Comment for them shuts down. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Emily i am emily chang and this is bloomberg technology. Coming up, techs most valuable unicorn hints at an ipo. We will break down the plan for uber after the new boss meets the troops for the first time. Plus, apple goes all in on the touchscreen and the home button becomes a thing of the past as the countdown to the next big iphone event begins. We have the inside track on the biggest design
Reactions from what we saw from pyongyang. You, thest i can give equity market, the stoxx 600 was down earlier. Down by 4 10 of 1 . Assetst sets haven after the testing. North korea is continuing to prepare for a possible intercontinental listed Missile Launch, reddening to raise tensions further. The stock is down. A Good Opportunity to look at the fear gauge. Europes fear index. , now it is up a mere 7 . The 12 gained it was the highest since august 18. Last tuesday when north korea fired the missile over japan, higher index closed 9 after rising an intraday 15 . Trumps fire and fury comment in early august prompted it to rise to 19. 3 on august 11. That was the highest since april. We were nowhere to the levels we were in april before the French Election and the levels we reached before the u. S. Election last november. Those are the brexit levels we saw in june last year. That puts it in perspective. Europes fear gauge. Index, given what is happening with the north korea story. Thi
Pete, our story, they say, we expect trumps tax changes to be b voted on by congress, boosting sentiment and growth in the u. S. And risk appetite. I think thats something a lot of us have been talking about for a while now and while youre waiting, if you look at volatility where it is trading now and you see how low it is and you have an opportunity to protect and ride the bull market, why wouldnt you . Theyve heard the pessimism, all the reasons why not to be in the market. If you look at this earnings season, when you look tat xaat companies and how well they performed, financials, they reported great numbers. Now, the performance has not been there and thats probably because the huge move post election. Doc, they say maybe the market got ahead of itself with this whole notion of reflation because of the president s agenda. But its going to pick up and pick up strong into the second half of the year. Theres not pessimism in the markets. There might be pessimism about other thick thi
Terror im referring to the endless battle that defines the stock market the bitter struggle between growth and value one faction of investors wants to buy something cheap in the hope it will blossom or get a takeover bid but the other faction is willing to pay up, up, up, as long as it can grow rapidly right now, growth is crushing value hence, why the dow declined 57 points, the s p back slid today, and the nasdaq advanced 0. 47 . And this becomes even more pronounced when you look at how the individual sectors are doing. Ive always felt a mix of growth and value is the right thing being diversified is the best way to protect yourself from moments when growth gets too overheated, and the stocks come plummeting back to earth right now, though, that philosophy, that diversified philosophy, has fallen dramatically out of favor. The house of pain these days, the moment you step out of the classic growth so you can buy down and out stocks that seem like they have less risk, youre taking yo
Good wednesday morning welcome to squawk alley. Im Carl Quintanilla along with sarahiz sarah eisen. First up, the president tweeting about jeff bezos thinking that the amazon Washington Post sometime referred to as the guardian of amazon not paying taxes, not new news. He criticized bezos for his purchase of the post during a speech in texas. I have respect for jeff bezos. But he bought the Washington Post to have political influence. And i have to tell you, we have a different country than we used to have. We have a different we owns amazon he owns political influence so that amazon will benefit from it thats not right and believe me, if i become president , oh, do they have problems theyll have such problems jason, we have the president of the United States targeting one of the soontobe richest men in the country and one of the richest men in the world. How important is this to bezos, to the post and to amazon . Listen, donald trump makes an extremely valid point. If it was 2008 amaz