Attorney general Jeff Sessions says doj officials believe they can ban rapidfire bump stock devices without action from congress. That comes after President Trump ordered the Justice Department to work towards banning those devices, which allows semiautomatic rifles to mimic machine guns. Puerto rico says delays by the Treasury Department in getting Disaster Relief to the island has put the u. S. Territory in a dangerous financial dilemma. The islands governor says the treasury imposed restrictions that made it difficult to access funding. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg, and Bloomberg Technology is next. Emily im emily chang and this is Bloomberg Technology. Coming up, amazon arrives at your front door after a 1 billion deal to buy a smart home tech company ring. How this plays into the ecommerce giants larger delivery strategy. Plus, comcast reaches for sky and raises the st
Across the curve in the u. S. We also have some powerful services in europe, bunds one of the biggest underperformers, yields higher. We also have jpmorgan and we are getting some headlines that i wanted to highlight, net to 55t income of 54 billion. They are also targeting, if you take a look at the pretax income compared with 40 in the last year. David it looks pretty good. And that return on tangible capital, we are all projecting broad numbers. Alix and we see them benefit from tax reform. David and in the meantime, discover communications came out with their earnings, 636thquarter adjusted is over the projected 612. , so it Beat Estimates looks like they are having it good day. Alix yes, indeed. They are also looking for some doj clearance and are looking for that information. David it is now time for the morning brief. Jpmorgans investor day begins with remarks from the ceo, no doubt about the things we just talked about. Also 8 00, macys will release earnings. And then we will g
Boeing just a few minutes ago putting out a statement confirming that there was a fire on a dreamliner saying were aware at the 787 event at Heathrow Airport and have boeing personnel there. Were working to fully understand and address this. Keep in mind. Ethiopian airways was the First Airline to have a retrofitted 787 battery system put in after the faa cleared the retrofit design that was supposed to fix all of the battery problems with the dreamliners. We believe that this plane that caught often fire was the first one to receive a retrofitted battery system. Because it remains to be seen what caused this fire, even if its battery related, shares of boeing not only being hit hard but any supplier linked with boeing has also been hit. Take a look at spr or pcp, precision cast parts or hexal, hxl, all taking a hit within the last hour as boeing shares tumbled down, and were also going to show you shares of general electric. Ge has the engines that are on this 787 dreamliner. Again, w
Almost four years. The Gross Domestic Product for the Second Quarter of this year grew by 4. 1 . But that did not rul roux the re day on wall street. The dow lost 75. The s p was off 19. The nasdaq plunged 115. Deirdre bolton is in new york and has analysis behind the numbers but correspondent peter doocy starts us off from the white house with good Economic News for the country and the president. Good evening, peter. Pete good evening, chris. President trump said tonight the economy, the g. D. P. Grew 4. 1 because of republican efforts to rewrite the tax code and reduce regulations. And he thinks that once new trade deals are finalized todays strong report will just look like a stepping stone. We are on track to hit the highest annual average growth rate in over 13 years. In the shadow of the white house today, the president took credit for good Economic News and insisted that new tariffs will not reverse the trend. I happen to think we are going to do extraordinarily well in our next