Governments relenting to the shut down with a shortterm funding deal. Mitch mcconnell praised the decision yesterday. After three days of an unnecessary lapse in funding, a bipartisan majority has brought the Democratic Leaders extraordinary filibuster to an end and pass the bipartisan deal to reopen the federal government. As i said repeatedly over the past week, shutting down the government isnt irresponsible way to do business. Markets rally on deal. The dow, nasdaq, s p 500 all closing record territories. Half a percent of the dow up 143 points or 26,214. The nasdaq up 1 higher. Now 74 weight. Features a sporting show momentum continue. All the major indices in positive territory. Though investors up 73 points. Nasdaq up another 10 points. In europe across the board take a look at the european indices right now. Dax or three quarters of 1 in germany up 132 points. The others in positive territory. Same story in asia as the best performer they are hong kong hang seng up one and two
Hauling back. We are told the target will not that having9 , and not been lowered since 2012. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Let me get you a quick check of markets. Closing bell in australia. For the markets update, this is bloomberg. Emily im emily chang and this is bloomberg technology. The fight for smartphones the premises. The way and on the upcoming battle between the iphone x and the Samsung Galaxy s9. Believes the trump team and its mastery over analytics won the election. Itsaba put tencent and crosshairs. In its crosshairs. First, to our lead, the battle of the smartphone. Samsung has come up with its response. The company unveiled the newest off the heels of this announcement. Apple is preparing to release a trio of smartphones. Handset comes the same size of the iphone x. Apple is already running production tests with suppliers. An official announcement is expected in the fall. M
Effects when we are running a big deficit . We always should be worried about interest rates. I dont see them spiking right away. People are fearful because we have growth coming back. We want to solve our debt. You cant solve it just by cutting. We have to grow the economy. People should be fearful of where the money is being sent spent today. It was that discretionary spending. Mandatory Social Security and interest only made 25 . That makes up 69 now. It is automatic. Congress doesnt have control over that year or two year. Issue. A demographic 10,000 people a day for the next two years are qualifying. We should protect them for future generations. It is better to do it when you have a growth economy. Anyone who studies this question says we have to deal with entitlements. We are spending all of our money. We just had a president ial election and neither candidate said we needed to take this on. Will . Re a political are the voters willing to say it is ok if i give something up . Sa
Decision to is suspend brady be upheld. The judge recommended two sides settle dispute out of court. Game of thrones will likely continue for three more seasons. Hbo executives planned to run eight seasons. The smash hit had 20 Million Viewers last season and received an astounding 24 emmy nominations. Lets get to the top story, exxon and chevron both releasing their Second Quarter. Here is how tough it has been on the big firms. Exxon expected to report a net income of 1. 12 a share. In the same quarter last year they reported earnings of 2. 05 because of cut in price of oil. 150,000 energy jobs have been cut since the fall according to phil nine, price futures group. He joins me from the cme. This week we had more layoffs and it continues phil. Where are we in the cycle of the downturn . I think it is almost a panic with big Energy Companies. Really, maria, a lot of these layoffs will be accelerated because of what happened in the month of july. Early july there was a little bit of o
This is Aljazeera America, good morning, live from new york city, im randall pinkston. The World Markets seem to be sablessing this morning despite big sell off in asia. Futures here point to a big surge at the open, despite another sell off in shanghai and tokyos nikkei. In china it turned dramatically negative. The country is cutting the Interest Rates to try to stop the bleeding. Trading opened on tuesday across the Asian Pacific and they opened with baited breath wondering how the market would react considering chinas fall was so tract particular on a monday. The markets were shaky, most of them making losses in the early part of trading. They regained some of that ground as the day progressed, and made up in some cases on those losses. Markets that were in profess certainly saw themselves reach the black again, with taiwan, australia, singapore, but the shanghai composite perhaps the market that many global eyes were focused on ended at 7. 63 down on the day, tokyo said market was