We were down 5 from the peak on spx. Where we are is about where we were on valentines day. Of course, you do remember valentines day. That was prepandemic. All we have really done is pulled back to the prepandemic. Weve got to put some perspective on this as we saw the dow down 800, 900 yesterday. Jonathan im not sure why i am the target of room bring valentines day of remembering valentines day. Its you im worried about. Tom that would be true. Jonathan because you often dont remember it. Tom that would be true. Rosesgh i do remember a scenario with jon years ago. Lisa you are trying to bring me into this . [laughter] for those in engineering and history, this is a hugely emotional deal. The difference from san jose to santa clara, it is like four, maybe five miles. But xilinx is one of the storied names coming out of fairchild years and years ago. To see this merger today, 35 billion large, it really says something about the combination of all of the history in the bay area. Jonatha
Tweeted. Is it the art of the deal . Time will tell if this man, the commanderinchief, is bluffing. We had seen investors rotate value stocks. We had seen a widening of the yield curve. Airlines, what for job losses and people hurting . Off, askets selling noted. In the last few days, it felt like a reflationary narrative had emerged. That loseyimpressed and mnuchin are still working on a deal. All of that is still possible. Perhaps a deal after the election. But at least part of the stimulus story had the legs kicked out with that trump debate. Romaine this is a market that moves on narrative. Thatmarket was the idea the economy was improving, fiscal stimulus was coming, and the outcome of the election would probably print some sense of stability. Set to talk all about reflation, steeping yield curves, stimulus, blue waves, and then you had to rip up everything to come on the show. Trump tweet. Bout the last timeof that happened. Clearly, traders were pinning their hopes on losey and
The long going standoff and says the only way to solve the crisis is for the u. S. And south korea to stop joint military exercises, which it called a rehearsal for war. President trump is losing another white house aide. Insiders say it could be the most damaging. Keith schiller is leaving. He was director of oval office regulations. He was once mr. Trumps bodyguard and closest confidant. Senate colleagues welcomed back john mccain in washington. The six term arizona senator had been receiving chemotherapy for cancer in phoenix. He is the chair of the Armed Services committee. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti. This is bloomberg. Bloomberg technology is next. Emily i am emily chang and this is bloomberg technology. The American Dream in limbo, nearly one Million People who arrived in the u. S. As children face deportation after the Trump Administration pulled the curtain down on daca. Our deep
[inaudible conversations] spiritous subcommittee would come to order on how will simplify the broken tax code before we get started with Opening Statements about 80 yield to the chairman brady for the distinguished witness before us today. They give for your leadership of tax policy that such an important time in americas history and for hearings like this to have the conversation with a more progrowth tax system. Thanks to the witnesses of a special welcome to our friend former leader of this committee and a longtime mentor to me personally. Thanks for being here to share your insight. I would like to take a moment for the legacy at the ways and Means Committee actually serving on the committee 20 years chairman of the 1995. And the strong voice of 1986 lower rates for americans with complexity with those tax figures and to bring the same passion and determination that the tax code works for the American People and not against them. And to do those same taxes year after year to know i
That the plans are wrong. The plans could make it harder four troops and theirfamily to could make it harder four troops and their family to sue the government if something goes wrong in carpet. And steam power, for the first time in almost half a century, a timetabled steam Train Service returns to the english railways. Good morning, its tuesday 14th february. Welcome to bbc Newsroom Live. Donald Trumps National Security Adviser, Michael Flynn, has resigned over his contacts with russia. Telephone intercept is show that Michael Flynn, mr Trumps National Security Adviser, had discussed us sanctions with the russian envoy before mr trump took office. Its illegal for private citizens to conduct us diplomacy, and the phone calls happened late last year before mr flynn was appointed to the administration. Before being appointed, he was known for his close ties with the senior russian officials. Here he is sat with President Putin at a dinner in 2015. Hes also been accused of misleading the