Vacated by mick mulvaney. A Police Officer is in critical a stabbing atr Bishop International airport. Police say the officer was stabbed in the neck. One suspect is in custody. In france, the high profile exits from president Emmanuel Macron continue to pile up. The Justice Minister is the latest to resign following funds. Ions of misuse of , the mostnister prominent woman, also stepped out. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. This is bloomberg. Live from bloombergs headquarters in new york, scarlet fu its on assignment. We have 30 minutes from the close of trading here in the u. S. Markets dragged below to 45. Bracing for turbulence. How a shakeup in the worlds gest Oil Producers hearings on the Russian Investigation continue. We caught up with representative eric swallow of virginia coming up. And bloombergs editorinchief sat down with mexicos finance minister. A look at his thoughts on the peso and the threat of a d
She said today that mr. Trump is trading National Parks like contestants on a game show. U. S. Insurers want the government to pay billions to stabilize the markets created by the informal care law. They say the government have to keep funding costsharing payments that reduce insurance expenses for low income earners. The demands, as the gop controlled congress wishes to dismantle obamacare. In a letter to congressional leaders, the national cessation of Insurance Commissioners says that 15 million each year through 2019 will help. The Trump Administration announced sanctions on 13 senior venezuelan officials today in an attempt to deter the nations president , maduro, from proceeding with a plan to install a new legislative body that would rewrite the constitution. Has strong inp the swift economic actions if the president goes through the election. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloo
Many of them sure seemed to have developed some pep in their step today. A day where the dow gained 26 points, ninth Straight Record high s p advanced 1. 6 , first record close since july 26. And the nasdaq climbed 0. 51 [ applause ] for the past couple of weeks, the dow jones average has captivated people throughout the country as it lunged through 22,000 level like it was childs play at the same time, the Growth Technology stocks, like f. A. N. G. , have been under pressure, with lot theorizing its game forever author these allegedly overvalued companies of course, the tech bears are not all that original. Boo the narrative for this decline is always the same when the has dnasdaq peaked in h of 2000, lots of money flowed out of tech. All of the same old school stocks that people revert to when the tide goes out and the hyper Growth Stocks are revealed to be frothy and expensive but i love historical analogies as much as the next guy, im always trying to find patterns but history does
And the nasdaq pole volting 9. 5 , it was the fang stocks that led the charge higher. Yeah, facebook Amazon Google and now alpha bet. Weve got a marvel there is still one more rotation going on. This time back into the nasdaq. What gives . How did these stocks suddenly get their groove back . First as we put out last week tech never really goes out of style. If its really good it just simmers and waits and then pounces. This is an ageold pattern yi urged to you buy these tech stocks while they were down rather than abandoning them. How is it that this doesnt always seem to work. For one thing these fang stocks truly have no flies in them. They have a good story to tell. When we have a major move into the industrials and they are stretched as they have been these uber tech stocks dont seem as expensive as the rest of the market. Take facebook. We know we need to analyze this stock based on what we call the out years. By some estimates facebook is trading at a slight premium to the avera
Impugning the character of a senator. He says he spoke with President Trump today. One says turkey demand that sound the relationship between the two countries during the obama administration. Both sides agreed to act together. It will be the First Official overseas trip. Global news 24 hours a day powered by 126 journalists and analysts in more than 120 countries. Is bloomberg. Scarlet live from bloomberg World Headquarters in new york, i am scarlet fu. Joe 30 minutes here in the u. S. Extendingreasuries their gains. Joe the question is what did you miss . It passes through the bill. In the u. S. , an Appeals Court says it will not issue a ruling on the president s band today. Stock activity has been muted but could a march turning point be in the cards . Our guest peter will join us momentarily and he is navigating the political landscape. Twitter will report fourthquarter profits tomorrow. Under pressure to jumpstart Revenue Growth and also make a profit. Improvedrowth has not since