information of the political biassed of guy named timothy thibault on fuzzy newspaper reports. he started an investigation on trump, on evidence of criminality and hunter biden, he stopped that investigation. if you go back and look at timothy thibault s social media, you know he s highly partisan guy. todd: jackie ibanez has more. jackie: good morning, the fbi agent accused of running interference in the investigation of hunter biden laptop is resigning. he called it a career a month after accusation of political bias in the handling of the hunter biden probe. timothy thibault was accused of slow walking the investigation in 2022. in july 18th letter to director of the fbi chuck grassley cited two whistleblowers who claim high-ranking officials including timothy thibault were not following guidelines to open a proper investigation. grassley and ron johnson demanding answers after ceo of facebook zuckerberg. the fbi got possession of hunter biden s laptop, they said you
Allowed Legal Marijuana to flourish a number of pot stocks losing their buzz big time. What now for this budding multibillion dollar business power lunch starts right now your love is lifting me higher than ive ever been lifted before well, the weather on wall street may be frightful, but inside the exchanges it is nothing short of delightful. Welcome, everybody, to power lunch. Im Tyler Mathisen another historic day for your money. The hits keep look at this chart, will you . Look at that oneyear gains, 25, almost 26 25,000 now on the dow for the first time ever. Want to know what it was back on the, the day of the crash in october of 1987 . It was about 1,700 think of the gains, the money made since then. Financials, goldman, jpmorgan, American Express, powering the dows tripledigit gains at this hour not just by the way the dow. Nasdaq and s p 500 also new record intraday highs today. Small caps, they came along for the ride russell 2000, intraday, alltime high retailers zumiez help
Against terrorism. The Trump Administration is proposing to open almost all u. S. Coastal waters to oil drilling, including those off of california and florida. The proposal released today by the interior department proposes 47 possible auctions of drilling rights. They are in more than 90 of the u. S. Outer continental shelf. The department of justice has issued a memo rescinding an obama era policy that helped states legalize Recreational Marijuana use. In states where marijuana is legal, attorney general Jeff Sessions has directed federal prosecutors to use their own discretion in enforcing federal law. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Bloomberg technology is next. Emily i am emily chang and this is Bloomberg Technology. Coming up, fall out from the intel chip saga, how a design flaw could impact almost every computer, smartphone, and server out there. We will tell you what you need to know.
10year at 2. 44. Our roadmap begins with Unemployment Holding steady at the 17year low. Futures point to new records of the open apples chip response confirming its products are vulnerable to that security flaw and the Corporate Tax response, bonuses on the way at jetblue and billion plus q4 earnings hit over at Morgan Stanley december nonfarm payroll growth missed forecast, we still saw 2. 1 million jobs added in 17. Average hourly opens up 2. 5 from a year ago labor force, unchanged, a lot of discussion of the amazon effect, whats happening to retail. I think so, i was disappointed obviously you want more jobs and more people to be hired to get a little increase in wage. But this is whats happening i spoke to Planet Fitness yesterday, Interesting Company i i. Theres a lot more people who work at the sears and kmart than there are Planet Fitness and thats the old and new economy canting amazon and sears being wrecked by ham zon. In retail, warehousing up 30k, couriers, up 19k. Isnt it
Today. The single most important piece of information that they release. The dow gained 29 points and the nasdaq fell. The market is down right shocking the bank stocks have been rallying for days since the economy is red hot hot enough that the fed might have to raise rates repeatedly the hope of fast paced rate hikes have been driving the financials higher and i have told you that the financials are the most important leaders of the sector out there not tech, not health care. Not even industrials but the fibs as we call them is to help the Banking System with a big job loss in retail, no doubt thanks to amazon and online brethren the industrials and the transports caught fire the former because maybe the fed wants to strangle the rapid rate hikes but a lot of the transports are connected to the ecommerce throw in the big pushes from the Analyst Community from amazon and apple, two of the market generals and you get new winners all plumped up to feed the beast. So can the beast contin