This is bloomberg technology. Coming up, the doj is hitting at t hard. Details on the lawsuit that could block at ts 85 billion takeover of time warner. Er speeds up its driverless push, striking a deal with volvo. Details ahead. Plus, more dealmaking in the chip industry. What the 6 billion acquisition means in its continuing consolidation. Lets start with the lead. The u. S. Justice department is suing to block at ts 85. 4 billion takeover of time warner. This is a major blow to the carrier to create a media and telecommunications empire. At ts chief counsel said he is confident the court will reject the claims and the company is withng a press conference the ceo is expected to speak. We will bring you the headlines, but first ed hammond just listened in on the doj call and joins with the ceo is expected to speak. Also with us is cory johnson and bob odonnell with technalysis research. Us. Ed, you have been listening in on the call. What is the Justice Departments rationale . Ed they
2017 has extraordinary brought it into eight very exclusive club. That is the Fifth Company worth and access of 500 billion, alongside apple, googles parent alphabet, microsoft and face book. It also means it has beaten alibaba to the milestone. News, 24 hours a day, powered by more than 2700 journalists in more than 120 countries, this is bloomberg. Lets take a look at the markets closed, aboutust 4 10 of a percentage down. Japan, we are seeing gains all across the region. Emily this is bloomberg technology. Coming up, the doj is hitting at t hard. Details on the lawsuit that could block at ts 85 billion takeover of time warner. Uber speeds up its driverless push, striking a deal with volvo. Details ahead. Plus, more dealmaking in the chip industry. What marvells 6 billion acquisition of this Company Means in its continuing consolidation. Lets start with the lead. Our developing story the u. S. , Justice Department is suing to block at ts 85. 4 billion takeover of time warner. This is
Likely be appropriate in the near term. The fed is also worried about asset price inflation. And remember, the fed always slow and loathed to call anything a bubble says quote several participants expressed concern about a potential buildup of financial imbalances. They worry that sharp reversal of asset prices could have damaging effects on the economy. And on tax reform quote it was noted that the expansion in businessfixed investment could be given additional impetuous if legislation involving tax reductions was enacted. A few participants judge that the prospects for significant tax cuts had risen recently. Back to you, trish. Trish all right. Thank you so much, adam. Joining me right now, bulls eye brief author adam johnson. All right. So the fed is still on track for its third rate hike in december. No surprise there. The markets taking it in stride. Were not seeing a huge reaction. I have a question, though. Yeah. Trish if were in the Interest Rate rising environment. Yep. Trish
Half of america. Social security numbers, birth dates, home addresses, phone numbers, even credit card numbers all in the hands of criminals. Ive heard from working families in massachusetts and all across the country since then. The equifax is a nightmare. At best it is a giant hassle. Time on hold with credit reporting agencies, fees for this service and that service, confusion about whats been stolen and what to do about it. At worst, it could be ruinous, a lifetime of responsible spending and borrowing wiped out by Identity Theft and fraud. People are outraged and rightly so. Bad enough that equifax was so sloppy that they let hackers into their system, but the companys response has been even worse. First, equifax hid the information about the breach for 40 days 40 days. Equifax gave criminals a 40day head start to use the information they had stolen while the rest of us were left in the dark. And then, when equifax fine lily decided to disclose the breach, they didnt call or send
You. New this morning, police are looking for someone that shot and injured a man in denver. Dpd said someone opened fire near east 20th avenue. The victim was rushed to the hospital. We are supposed to get an update on this story in the next half hour to an hour. Stay with us on that. If you know anything about this incident, please call denver police. 7 01. We had such a nice day reminded me of summerlike temperatures. Change for us. We were only two degrees shy from tying the record high. The record is 84. We were 82, but close. The firefighter danger is much lower across colorado today but it is smoky out there in custer county. It will be hazy generally around the pueblo area. Be cooler. 75 will be the high. This is still above normal for this time of year. Mainly sunny, winds will be light. Highs in the upper 60s and low 70s. We had a very weak front that pushed through northeastern colorado this morning. That is the reason for the cooldown. The temperatures are in the 40s and 30