Celebrities like lynn arctic caprio and Kim Kardashian. Newly Public Companies newly Public Tech Companies roaring out of the gate. Frog closing j with huge gains and ceos join us. President trump is expected to give a press conference any moment at the white house and we will bring you headlines from that event. News tumbling out by the minute with oracles bid for tiktok. Moments ago bloomberg learned the following about the terms of the deal. That oracle would happen all of tiktoks u. S. User data in this scenario and oversee all of tiktoks u. S. Technical operations. Oracle would be able to check source code to prevent backdoors. Tiktoks u. S. Board would be approved by the u. S. Government and oracle would create, they say, 20,000 new jobs through tiktok operations. Joining us to talk about how it has impacted markets, we have bloombergs sarah ponczek. Lets start with the fed decision and how it rippled across the markets today . Sarah we have a lot of moving parts but when it come
The dollar gaining some ground after paring losses after that meeting. Fx sellinging asia off, especially the renminbi after reaching may 2019 highs. There are signs perhaps the currency is being overbought. Expecting boj, boe, and Bank Indonesia today. Those currencies and focus. Watching the bond market as well put it did not get adjustments on qe from the fed. We saw the 10 and 30 yield spike coming off a little now but that did lead to earlier the yield curve steepening and coming off a little. We are watching brent crude as well as wti. Also saw off some of the highs we saw overnight. There is optimism for demand but that is also losing some of those gains right now. Tom lets get you up to speed with some of the first word News Headlines and other stories. President trump says a Coronavirus Vaccine could be just tribute it widely as early as october, contradicting statements by some of his top health officials. The head of the centers for Disease Control and prevention told a Sena
With thousands of intensive care beds still free doctors are warning the system could get to be overwhelmed if there is a 2nd wave of infections. Im get out of as welcome to the program corona Virus Outbreak in the United States is fast approaching a 1000000 confirmed cases the death toll there has now surpassed 50000 thats around a quarter of the global corona death toll so far despite these grim milestone pressure is growing in some states to ease restrictions the governor of georgia has rejected warnings from Infectious Disease experts and is allowing many businesses to reopen including some web social distancing is almost impossible to enforce. On the day the coronavirus death toll in the usa rose above 50000 thomas putting was allowed to reopen his barber shop a barber in atlanta for over 50 years he now has to wear gloves and a mask while he cuts his clients hair. Off one of the voices say for quad news morning oh wall did it 6 brought a good hair theres a bird for how much lobel
John kelly has denied reports of that the white house is planning to remove Rex Tillerson and replace him with cia director mike on pao. Global news 24 hours a day powered by more than 2700 journalists and analysts. This is bloomberg. Emily i am emily chang, and this is bloomberg technology. Coming up, the bitcoin waiting game. The ceo gives his take on the volatility of the worlds most traded cryptocurrency. Shines onspotlight google. How will big tech respond . And a if i front ai at the front lines. How machines have affected social media. Inhnology stocks rebounded thursday trading from the worst drop in more than a year. While the nasdaq is recovering, the dow staged the third triple digit gain in a week. Where are we in the market cycle . Our equity strategist joins us from new york along with our guest host for the hour, david kirkpatrick. Gina, i will start with you. Where are we . You said these stocks could be subject to rotation risks at the end of the year. Is that what we
But it will buy more time for negotiation with democrats on a longerterm funding plan. Donald trump will deliver his first state of the Union Address on january 30th. Paul ryan formally invited him today. He called it an opportunity to lay out the work that needs to be done for the american people. John kelly has denied reports of that the white house is planning to remove Rex Tillerson and replace him with cia director mike on pao. Global news 24 hours a day powered by more than 2700 journalists and analysts, this is bloomberg. Mike on pao. Emily i am emily chang, and this is bloomberg technology. Coming up, the bitcoin waiting game. The ceo gives his take on the volatility of the worlds most traded cryptocurrency. Plus, the spotlight shines on google. How will big tech respond . Ai at the front lines. How machines have affected social media. Technology stocks rebounded in thursday trading from the worst drop in more than a year. While the nasdaq is recovering, the dow staged the thir