Technology investors with these kinds of gains after stellar earnings last night . It was unbelievable. Weve got a story on that coming up in just a moment here. You guys had your hands full. It was a rollicking hour, i hear it was. Meantime, a rollicking deal through the health care space. Cvs is pursuing a major deal to buy aetna and former aetna ceo john rowe will join us in a cnbc exclusive to discuss what that bid could mean. What a fascinating story that is cant wait to talk to john about is. Also look at oil today, trading higher, brent is back to 60 a barrel and wti is at an eightmonth high however, chevron is falling. Whats behind the move and whether this is a buying opportunity or not well talk about that coming up in a little bit later. Is pretty sharp moves in oil today. Lets go back to the big rally in tech stocks, thanks to strong earnings from a trio of tech giants. Deirdre bosa is all over amazons results for us. Josh lipton covering alphabet. Jon fortt is covering mic
Banks in Silicon Valley in the spotlight. We are swimming upstream. Market shares are hanging in there. David it is all straight ahead on bloomberg best. David hello and welcome, im david gura. This is bloomberg best, your weekly update of important analysis and interviews from around the world. Lets begin with a look at the top headlines. Of atday, the results snap election in japan delivered a boost to the ruling party. Abesme minister shinzo gamble on an election may have paid off. He comes out of this with a stronger mandate. What does that mean for abenomics . It was a victory based on one crumbling opposition. And a referendum on abenomics. We have on employment below 3 . The stock market this up in areas we have not seen since the 1990s. We will likely see a continuation of abenomics, as well as mr. Abes plans to hike consumption tax, but not until 2019. And also, slow moves to revise the constitution. What are the most significant ramifications of the win . It has to be ugly a
Dollars is too big. We are in a whole different environment. David earnings reports from banks in Silicon Valley in the spotlight. We are swimming upstream. Market shares are hanging in there. David it is all straight ahead on bloomberg best. David hello and welcome, im david gura. This is bloomberg best, your weekly update of important analysis and interviews from around the world. Lets begin with a look at the top headlines. On monday, the results of at snap election in japan delivered a boost to the ruling party. Prime minister shinzo abes gamble on an election may have paid off. He comes out of this with a stronger mandate. What does that mean for abenomics . It was a victory based on one crumbling opposition. And a referendum on abenomics. We have on employment below 3 . The stock market this up in areas we have not seen since the 1990s. We will likely see a continuation of abenomics, as well as mr. Abes plans to hike consumption tax, but not until 2019. And also, slow moves to re
Too big. We are in a whole different environment. David earnings reports from banks in Silicon Valley in the spotlight. We are swimming upstream. Market shares are hanging in there, given what the other banks have done. David it is all straight ahead on bloomberg best. Hello, and welcome. Im david gura. This is bloomberg best, your weekly review of the most important analysis and interviews from around the world. Lets begin with a look at the top headlines. On monday, the results of at snap election in japan delivered a boost to the ruling party. Prime minister shinzo abes gamble on an election may have paid off. A chance to lead japan through to 2021. He comes out of this with a stronger mandate. What does that mean for abenomics . It was a victory based on one crumbling opposition. Two, a referendum on abenomics. We have unemployment below 3 . The stock market this up in areas we have not seen since the 1990s. We will likely see a continuation of abenomics, as well as mr. Abes plans
Buy timewarner a big power lunch begins right now. Welcome to power lunch, im melissa lee. Were just off session lows but stocks have accelerated losses here in the afternoon. Worst day in nearly three months stocks pushing lower following new details of the new Senate Tax Plan including a possible delay in Corporate Tax cuts. For all the details we have, lets head to john harwood in washington john the senates got a problem, their budget reconciliation rule allows them only to reducethis tax bill as we have seen emerge in the house, is going to cost more than that in the shortterm and also raise the deficit in the longterm. Also not allowed under senate rules. So what the senate is trying to do is make adjustments both to get the votes and also to meet the rules, one of those judgm t adjustments is going to be raising the Corporate Tax rate going from 25 to 15 . From what i understand, the senate will not delay immediate expensing, which is likely to be the stimulus part of this bill