The security of every one of who you has iphones. All of your privacy. What were doing is were dropping in a huge tech panel to debate the issue of individual privacy versus National Security. And the battle between donald trump and senator ted cruz just turned up a notch. It is heating up down south, as the fight over an ad has both campaigns fired up two days before votes are cast. All the while, senator marco rubio gets a hail mary from one of the palmetto states political elite in the last few minutes. Our Political Panel breaks it down. Plus charlie gasparino, low oil equals higher Airline Tickets . How does that work . And who wants to put Benjamin Franklin out to pasture. Were less than an hour from the closing bell. Lets start the countdown. Okay. Less than a thousand points to go. Make that 600 before the Dow Jones Industrial average moves higher by perhaps 17,000, going up above. That the dow up 229 points today, if you do another thousand points it will have narrowed 2016 lo
Eligibility, for federal benefits. Justice alito the only federal none, those two statutory references. Gen. Verrilli as i said, that is the tale on the dog. If i can go to the merit. Repeatedly, you have heard it referred to statutory observation, that is flat wrong. There is a district case and he can read the opinion in that case, which we referred to, is describing as extra statutory paid the other key point that statutory. The other key point mother theory about the scope of you can get Work Authorization is that either congress has to say to get Work Authorization. Decideneed to get dhs to whether people in this category can get Work Authorization. Forget about deferred action, there are millions of people to now,ork authorization under existing law, who could not get it if that were the proper interpretation. Millions of people are in these proceedings, for cancellation of removal. Hundreds of thousands of people have parole and another of those people qualify. That is why in 19
I want to begin our conversation by dispensing with the myths were going to talk about liquidity. Is there liquidity problem in the Corporate Bond market . From the perspective dealers, liquidity is different because there are fewer dealers. And their ability erik you were talking about banks. Steve they have less of an for if i had 100 million charter bonds, they might have bid for half of them were all of them for five years ago. Now, they are building bidding for what. They can trade property. The Balance Sheets are smaller. Theyve shrunk the Balance Sheets, so what does that mean for liquidity . That there ismean more liquidity. Thats what you hear. But the reality is different. If you look at the number of and buyers, there are many more and buyers today the weather was for five years ago. And they have a lot more money. If the distribution mechanism. On may not be able to get the wire, it may take an hour or three hours or a day to move 100 million in a liquid mean. But for 80 of
Hong kong office said the c. E. O. Is missing. The company has not been able to contact the c. E. O. Since last wednesday. Shares have recovered slightly after the 12 plunge on monday. Lets look at the markets for you. Hong kong and china currently losed for lunch. We saw a broader sell off in the region today but over there singapore, tokyo, and to be looking fractionally lower we are seeing the stocks tum falling on tumbling commodity prices. Back in half an hour. Time now for bloomberg west. Im emily chang. This is bloomberg west. Coming up, taking a page out of playbook, in talks to buy a stake in one of asias most venerable newspapers. Plus high Speed Internet access means no day of rest for holiday shoppers. Walmart moves the start of cyber monday to sunday. And the two companies that once made up hewlettpackard set to report their first stand alone results tomorrow. Well preview the numbers for th Hp Enterprise and hp inc. First to our lead. Alibabas founder in talks to buy a st
Happening. Stocks are moving higher at this hour. It feels like investors are shaking off fears about the debt standoff between europe and greece, but folks, the action is really in oil. Prices plunging again after the International Energy agency warned of more selloffs in the near term. We begin with fears in the bond market. Were talking about, yep, puerto rico, and its debt crisis sending its bonds to record lows. Why does it matter to investors here . Many hedge funds and big Bond Investors have exposure to puerto rico. Kate kelly has more on the fallout. Big legal news the last few days on puerto rico which has been struggling with over 70 billion in debt as well as highend employment and other Economic Issues for some time now. On friday a federal judge blocked the islands efforts to restructure certain debt through a new law known as the recovery act that was passed last summer. The law was intended to help agencies like for example, the purity wroe ricco electric Power Authorit