Now. And welcome to power lunch. Im milissa lee. Holding steady this hour, dow managed to hit another record high right at the open before pulling back here. Apple one of the biggest drags in the session this after the company acknowledged cellular connectivity problem with its new watch annadarko, a massive buy back and fifth straight day of gains and near session highs on pace for a fifth positive day in six we begin here with a developing story. President trump announcing new sanctions on north korea eamon javers has the latest. Hi milissa. Alongside south koreas president moon at an event in new york city. The president saying, first, the United States had put new sanctions on north korea and also that the chinese president had told chinese central bank, told banks in china not to do business with north korean entities indicating the chinese are getting serious about exactly what he wants them to do in terms of north korean trade what the president had to say thanking chinese presi
Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. Im a alisa parenti. This is bloomberg. Emily im emily chang, and this is Bloomberg Technology. Netflixs record thirdquarter, and this third quarter, investors focusing on subscribers. Plus china sets the stage to reset its political agenda with the tech sector under the microscope. We but the censorship and regulation laws and perspective ahead of a 90s congress of the Chinese Communist party. S become aoviepas victim of its own success . The ceo begs to differ. First, netflix reported a blockbuster third quarter, the company blowing past the company blowing past domestic and International Subscriber growth targets and beating revenue, surpassing expected subscriber encouraging sign for investors since netflix recently announced its first price hike since 2015. Joining us to discuss our bloomberg reporter lucas shaw and forrester principal analyst jim nail. What is your headline ta
Thousands of california residents have been given the all clear to return home as fire crews gained ground. Firefighters say although the dangers from the most destructive blazes in californias history is far from over, calmer winds are helping make progress. 40 have died and dozens are missing. Louisvilles Athletic Association has fired rick pitino three weeks up to the School Technology its mens Basketball Program is being investigated as part of a federal corruption probe. Todays move ins his 16 years with the program. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Emily im emily chang, and this is Bloomberg Technology. Coming out netflixs record thirdquarter, shares jumped to a new high. Why investors are looking beyond the spending strategy and focusing on subscribers. Plus, china sets the stage to reset its political agenda with the tech sector under the microscope. We will put beijings censorship and r
The vicechairman and i made a decision in agreement with our committee today to take three actions in response to general flynns lawyers response back to the committee on our request for documents and his decision to take the fifth on document production. We would like to cover those three things with you briefly. One, we have sent a letter to general flynns lawyer today questioning, one, whether you can take the fifth as it relates to document production. And also adjusting another part of their response, which was our questions lack specificity. We have been very specific in the documents that we have requested from general flynn. I will let the vice chair of just the rest. Sen. Warner we issued two subpoenas to the two Michael Flynn businesses we are aware of. Both located in virginia. With a specific list of documents because while we disagree with general flynns lawyers interpretation of taking the fifth, it is even more clear that a business does not have a right to take the fift
The vicechairman and i made a decision in agreement with our committee today to take three actions in response to general flynns lawyers response back to the committee on our request for documents and his decision to take the fifth on document production. We would like to cover those three things with you briefly. One, we have sent a letter to general flynns lawyer today questioning, one, whether you can take the fifth as it relates to document production. And also adjusting another part of their response, which was our questions lack specificity. We have been very specific in the documents that we have requested from general flynn. I will let the vice chair of just the rest. Sen. Warner we issued two subpoenas to the two Michael Flynn businesses we are aware of. Both located in virginia. With a specific list of documents because while we disagree with general flynns lawyers interpretation of taking the fifth, it is even more clear that a business does not have a right to take the fift