For having the on. Theres five of us that are commissioners of the fcc. We serve staggered terms of every year one member of the commission is up for renomination and confirmation by the senate and the process continues a respective of the outcome of the election. For instance, my term runs through 2023 and i can hold over for a longer time potentially and im going to continue to serve regardless of the outcome of the election. Host and with Michael Orielly not being we nominated by the president , if there were a change in administration, you and commissioner pai would be the republican, correct . Guest yes. Michael orielly has her longtime both on capitol hill and at the fcc and his term expired a year and half ago and we are allowed to stay on until the end of this congress when were in that situation whether it is any one of us commissioners. Commissioner of violence term come to an end and commissioner pai, chairman pai and myself can continue to serve. Host now to the policies. I
Around the world from hong kong to brussels, berlin, new york, and washington. Our bloombergs voices are on the ground with the top stories. We begin in asia. The death toll from the exceedsrus exudes 2000 in china. Walk me through of what were hearing from the government in terms of supporting the economy. The 75,000to get to new cases of shared of this virus new cases out there this virus. This may have been a lot worse a lot worse. There is a 70yearold man in hong kong who succumbed to his illness at the hospital. He had underlying issues. But lets talk about the cruise ships. We have one in cambodia and we whichhe diamond princess have the most localized cases outside of japan. People are being led off that boat and being evacuated. If you test negative, it can reappear. It can remain dormant. What are we doing here . What is happening . Theyre suggesting a 14 day quarantine when you leave the boat. We were talking about how the Chinese Market was of thirdbiggest Aviation Market in
Charles nasdaq and s p are in record territory as many momentum names like nvidia, tesla, they continue to soar because they keep getting upgraded as housing data blows away wall street consensus, adding fuel to my theory well see a housing boom this year. I have the pleasure bringing in two of the best. From kaltbaum capital management, Gary Kaltbaum and rosecliff capitals mike murphy. Gary, start with the momentum names. We know the maga names. Microsoft, apple, google and amazon. Own a bunch. Charles we know there is also tesla, got a new upgrade today over 900 a share. Nvidia, got an upgrade. This new tesla, virgin galactic, this stock is unstoppable. It is amazing you are excited. Charles i am excited. Very important to recognize were in one of these moments we dont see very often. Charles maybe that is why im excited. The eiffel tower look. Basically going straight up, they get piled on. No knows where they stop. I keep hearing tesla was done at 900. It could go to 2000. Virgin g
Moving news from all around the world from frankfurt, to london, taiwan, our bloomberg two iowa, our bloomberg voices are on the ground. Commodities leading the charge for the quarter. Here for more is bloombergs sonali basak. Income net interest coming in above analyst expectations is a great thing for bank of america because it shows the bank is doing what a bank should do. That is loan growing, deposits growing. Investment banking mergers and acquisition fell short than expectations, but we are seeing that across the board. We want to see confidence among corporate clients now that we know consumers are holding steady. Alix what were some of the worries through the quarter . Sonali the expenses were up, but bank of america was a costcutting story. Something we are hearing from all of the banks is the propensity to keep investing because the cycle is getting competitive at this moment. Alix thank you very much. Now i want to go to the latest on trade. President trump is ready to sign
We have a huge lineup this morning. Steven mnuchin will join us. That is at 7 45 a. M. Eastern at 8 00, well get reaction from political strategist hes been out all over the place what is there to talk about . A few things what did we say . President trump is ripping apple . Ive said all along, apple has to get on board. Switching sides no. Im not. It is not apples responsibility to keep us safe the issue is how much theyve been cooperating it does sound like the company has been pretty responsive they dont want to create an encryption key to allow any government to get any phone. They should cooperate in cases like this. I hope they are cooperating behind the scenes. I do want to see them cooperate on some of these but i can under the broader issue. The journals point is that in the meantime, apple shouldnt be seen as a public enemy no. So barr wants cooperation. Right but not just on this issue. He wants to create a larger issue. He wants to establish and create law for life that wou