President obama vowed to publicly support repealing if republicans have a better plan, they should show their cards. He spoke in an interview. The government could wrap up its case against dylan roof on monday. Federal prosecutors are seeking the death penalty. He says he has no plans to call the witness of his own. Global news 24 hours a day powered by over 2600 journalists and analysts in more than 120 countries. This is bloomberg. I am caroline hyde, bloomberg technology. The dow flirts at 20,000. Putin himself ordered a campaign against the u. S. A campaign into the u. S. Election. Live with fitbit ceo. Wages bringsad on the dow higher. Average Hourly Earnings dropped jumped 3 . That helped push the nasdaq and s p 500 to record highs in friday trading with the sack with the tech sector leading the way. What is leading the charge . It is the i. T. Facebook, amazon, netflix, and google all rallying almost 2 more than 4 this week. We are joined by oliver renick. Overall, it was a stro
Stay at houston methodist hospital. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Up next is Bloomberg Technology. Caroline im caroline hyde, and this is Bloomberg Technology. Tech mobilizes against the travel ban. Cut through the details and theusion and analyze political opposition streaming out of Silicon Valley. Plus the worlds richest man speaks out against the immigration fallout. Ahead. Tes weighs in and snap decides to roll with the 90 over the nasdaq. What could be the biggest tech ipo since facebook . Finds his voice is President Trumps immigration ban fuels outrage across the tech sector. Signed an trump executive order restricting immigrants from seven predominantly muslim countries. Next actionted his may be an even bigger blow. Secretary seanss spicer address the Reform Efforts earlier. Youve artie seen a lot of action on immigration. I think there is an overall need to look
As predicted. The effects of the recent decline in again and President Trumps policy. The doj will continue to buy bonds, global news 24 hours a day powered by more than 2600 journalists and analysts in more. Han 120 countries you are watching bloomberg. China, taiwan, nikkei trading down 1. 3 . Again is gaining another session. This is bloombeg. Caroline Bloomberg Technology bill gates ways and ahead. Digging into what could be the biggest tech ipo since facebook. Silicon valley pundits its voice as the immigration dan feels outrage. Friday President Trump restricted immigrants from seven muslim countries. His next order on immigration may be an even greater blow to the u. S. Tech future. Seanhe works spicer address it later. Earlier. Spouse whether that the visas, there is a needed to look at these programs. You will see both through executive action and legislative measures. A way to address legislation as a whole. Were joined by alex wayne in washington. Consternation from the tech
Some deals are more equal than others, and some never even get done because of factors beyond the control of the dealmakers. These aborted takeovers can make the entire market go up or down because they remind you just how fragile stocks can be like in todays muted session where the dow only finished down 13 points, s p inched up 0. 5 , and nasdaq declined 0. 17 after a very rocky morning. Knowing how to identify a good makes us better investors because it means well be ready to buy stocks on the weakness specifically caused by these kinds of breakdowns or maybe to profit from the strength it can generate as both often have nothing to do with the broken deals themselves. Lets talk about the big story right now, the current state of the nondeal of salesforce. Com buying twitter for the rumored make or break price tag of 29 a share, 9 higher than the stock hurt the whole market as was certainly the case at the sessions opening before it came to its senses. First lets go over the genesis
They were disappointing but not so disappointing as to panic us into selling. I am talking about the earnings reports weve been getting every day that would normally produce a cascade of sales but is producing the opposite this time around. And thats been the theme of this entire earnings season when it comes to the industrials, the banks, and oil stocks, a huge part of the market. That explains a lot of the moves weve been seeing today. Where is this counterintuitive pattern most evident . The Big International companies. The ones that make the heavy equipment and capital goods. Lets talk about a storied industrial, Emerson Electric. It reported one of the most sad sack numbers i can ever recall from what is a Great American powerhouse. Sales down 9 . Earnings share off 15 . Took my breath away. That wasnt enough. The ceo, a bankable fellow, took away any hope for the future of emerson stock when he said, we expect difficult markets to continue through at least the first half of fisca