First Lady Michelle obama. The current first lady, melania trump, garnered 1 of the vote. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Cory this is Bloomberg Technology. Successp, big tech, big in 2017. The headwinds in the coming year. We will discuss. Among the top cryptocurrencies of the year, it is breaking out from bitcoin. The ceo, brad garlinghouse. A look back at tech leaders who helped shape 2017. Satya nadella, Sheryl Sandberg, and first, our lede. Bigcap tech holding on historic gains thanks to record profits, a solid user base, and promising user growth. Big gains for the biggest names in technology, but a big tech reckoning could come in 2018. Here to wrap this up, a man who casts his own shadow, james cakmak. Good to see you, as always. Its interesting. I love the way you have covered these companies. You are at a lot of these very big companies, but with a skeptical eye. Some of the tough issues we have seen
About trading in private venues. Two figures joined the race to be deputy fed chair. We have the low down and their cvs. Betty it looks like a second month of disappointing industrial numbers from south month. Up. 2 month on expectations were for a rebound from that is small prior month in october. The expectation was again of 1. 3 . Also a decline of 1. 6 year on year, worse than the no change expected by economists. Ands. Saw huge plunge factory output distorted by the holidays in south korea. The expectation was there might be a rebound from those numbers. It looks like there was, but still not what economists had expected. We know these numbers are choppy, but the chip boom and auto exports, that has been expected to help industrial output numbers, but looks like not quite what economists had hoped for or predicted. Again, a lower than estimated numbers, up to 2 month on month. In the u. S. , we saw markets edging higher at the close. Changing nasdaq barely , the dow adding 30 poin
Further decline. 2018 has to offer both good and bad. Ramy we are getting breaking news on the south korean front again. We have cbi today, inflationary prices coming in line with what estimates were. A nice rebound from the decline we saw in the previous month. It slightly exceeded what economists broadcast. You know we have been talking quite a bit about where inflation is in the market here in the u. S. And japan. Really there is no difference in south korea though they may be in a little better shape. It is perplexing. Because things are low, they are bound to go up. I a magic the Commodity Markets will kick in. The commodity market will kick in. Fact that an expected tightening from the fed and others is a key risk to watch and 2018. Betty certainly we are watching the markets here today in the u. S. Lets quickly pull up where we ended up and u. S. Markets today. 1 5 of 1 . Er by the nasdaq also higher. Pretty much green across the screen. A lot of people are not taking on any hug
Police in brazil say the search is on for 99 inmates who escaped during a prison riot. Nine inmates are dead, 14 are injured. Global news 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. , isbloomberg technology next. Im emily chang. This is bloomberg technology. Could the Biggest Company on the planet go on a buying spree. We look at apples billions of dollars of cash on hand and possible ma and a targets here it plus, bitcoins hangover. Can the currency regain its peak . We will talk about the likely ,uzz around the the first there were about 2. 7 billion dollars of mergers last year, the lowest tally in four years. Will 2018 see a new rush of merger mania . Anotherill buy yet major brickandmortar business in 2018 on top of its recent purchase of whole foods and he says that is target. The timing on this is difficult. We think it is 2018, but seeing the combination of value is easy. This is not just a revenue grab, but a demographic grab. Om d
16. It is not letting up with the cycloned bomb getting ready to hit the east coast with snow and high winds. More than 2000 flights have already been canceled. This is bloomberg. Im Alisa Parenti. Bloomberg technology is next. And thism emily chang, is bloomberg technology. Tesla struggles to manufacture for the masses, pushing back a crucial Production Target. Plus, blackberry Ceo John Chen joins us to talk about the companys partnership with baidu and its push into self driving cars. Hasssaging app used in iran been blocked as a wave of antigovernment protests sweeps through the country. How social media is shaping the sentiment. Tesla has pushed back a Production Target for its allimportant model 3 yet again, after shipping fewer cars than expected last quarter, shedding more light on elon musks production hell. They expect to hit 5000 cars per week to the second quarter, delaying the goal by three months. Tesla trailed analysts estimates of just over 2900 units. Max, why are these