Weather pattern could mean for commodity prices. And the end of the dreaded annual performance review. Why it is now falling out of favor at so many more u. S. Companies. First, though, lets check in and welcome sarah eisen. Hi, sarah . Hi, tailer. Well begin the show with the housing market, Home Building rising to the highest level since 2007, a key measure of future construction plunged. Diana joinings us live from washington with all the numbers and back numbers. This is stocked full of contradictions. Single Housing Starts took a nice move up, nearly 13 for the month. Multifamily down 17 . Look at the big picture from whens we came. Single family construction is 25 below the 30year average. Multifamily is trying to make up for a decade of underbuilding. The Single Family construction surge in july much needed, yes. And it plays into the home depot numbers that were so stellar. Even when people buy new, they fix it up to their own liking. Some say the retailer needs to play to prof
Honor guard, all five branches of the u. S. Military in position here to welcome the japanese Prime Minister, who were expecting to drive down this driveway here at the white house in just a few moments. The Prime Minister was at the u. S. Chamber of commerce earlier this morning talking about the bilateral relationship and also the importance of trade and emphasizing the fact that he doesnt think it needs to be a zero sum gain. He thinks trade can be a winwin. But he also had a comment here about production of steel by a certain country. See what country hes talking about. Translator look at steel. Overproduction in a certain country has not seized. And as a consequence, increase in export results in a depressed price for steel worldwide. Reporter and carl, we know that the president spoke to the president of china, xi jinping last night. They had a lengthy conversation, we are told in the readout. And so, clearly, there is a very diplomatic dance here going on between these three cou
One of the most fabled fortunes has died. At 101, he was the world oldest billionaire. He was the oldest and last surviving grandson of john rockefeller, the nations first billionaire. Global news 24 hours a day. From bloomberg world headquarters, i am mark crumpton. Caroline i am caroline hyde. This is Bloomberg Technology. As its blow for uber president heads to the exit. The latest on the embattled company. Apple makes a bet on the next big thing. Could augmented reality replace the iphone . Public debut, not one analyst has a buy rating on the firm until now. We will ask the analyst why he is bullish on the company. But first to our lead, uber as confirmed jeff jones is leaving the company after less than a year. Ofs follows reports allegations from Sexual Harassment to the c. E. O. Travis kalanick. The company is a world in a lawsuit with waymo. Waymo claiming uber is using stolen secrets attained by one of ubers former executives. Joining us to discuss is brad stone and Eric Newc
One was anticipating. You know the Central Banks are good about telling the markets what theyre going to do in advance and when that doesnt happen you see swings like this. The Swiss National bank coming out with its news saying it was going to delock the swiss franc from the euro. Since 2011 they had been tying the currency cap in 2011. Swiss national bairng was saying you had to have 1. 2 swiss francs to the euro. They let that go unexpectedly. Moved 30 . Basically 120 euro. 120 swiss francs to the euro. Yeah down. 86. Right. Its complicated stuff and theres a lot to get your head around but this is a massive move. Weve never seen a currency swing like this before. It was also the u. S. Dollar we saw the swing against because the dollar was high against the swiss frank because it was tied to the euro. When they let that go it was a massive snap. So it had been that they were benefitting by being tied to a weak euro but it wanted to go much higher and obviously i want it wanted to go
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