convicted of 34 felony counts in his new york hush money case, eight republican senators vowed to oppose all biden nominees and all democratic legislation as retribution. today six republican senators led by trump vice presidential short lister jd vance put oppose all nominees into writing. anyone who endorsed trump s guilt, anyone who supported organizations that celebrated the indictment of donald trump, and anyone who supported manhattan s district attorney alvin bragg orn supported law fare or censorship in other ways, which is just vague enough to include basically anyone president biden s nominated. now, these republican senators say their blockade will last until election day, and in practical terms that means the u.s. government will not be able to appoint representatives to thingsep like the u.n. general assembly or the world health organization or even to the not particularly seeming places like the international civil aviation organization and the public buildings
Democrats are upset that the report was not accompanied by fresh sanctions for russias alleged meddling to the president ial election. Liste on the all a card are not subject to penalties. After coming under extreme criticism, pope francis decided an investigator to investigate victims of covering up for the countrys most notorious pedophile priests. The general secretary of the conference announced that multis archbishop will travel to chill who has denied charges of the abuse. Frances defended the archbishop. Nassar run capitol hill today on legislation that requires governing bodies and amateur athletics to probably report abuse claims to law enforcement. This is not for lawmakers make changes and sent it back to the senate for approval. I want to thank the very brave Young Athletes who have come forward and spoken about their personal experiences of sexual abuse. Thank you for shining a spotlight on this horrendous crime. Mark the legislation extends the statute of limitations for
Stock, futures is down sharply healthcare stocks are under pressure this morning and amazon entering the health business, pa partnering with berkshire, finding ways to cut the cost of healthcare mcdonalds reporting a major spending boost for thousands of new stores and digital upgrades. Dow and the s p 500 remains on pace for a 10 consecutive months of gain i think it is true. You come in and when you see stocks, when you read the release and the mcdonalds release in the lets just say in the cave and not look at these you would say wow. These are great numbers. The markets set up to go down you have this team up that we talk about all morning with jai jaime dimon. It is generic, yeah, it is been up a lot and i want to take profits ahead of the president whos going to take credits for a good mark. Ye market you come in and let them take credit we got thursday is National Earnings day so there is a lot of reasons to take profits and not a lot of reasons to say you know what, once to the
Doctors and clinics last week symptoms, the highest level since the swine flu pandemic in 2009. In new york, i am mark crumpton. Bloomberg technology is next. Emily this is bloomberg technology. Roaring intoter 2018, markets are in for their worst week in two years. We will bring down break down the catalysts, including apples entry into a bear market. The cryptocurrency conundrum. Is bitcoin and bubble territory . Will attract the highest and lows as prices change across the board. Opening arguments beginning for monday as uber goes to war. The trade secrets shaking up silicon valley. A massive selloff in stocks. The average is sinking and fridays session in fridays session. Into this year, u. S. Stocks close at its worst week in two years due to rising investor concerns aboutweak corporate earnings. I want to bring in abigail doolittle. What is happening . What is the force behind todays selloff . Was an extraordinary day for u. S. Stocks. Down about 1 . After fluctuating a little bi
Ever. Really big deal. Welcome to bloomberg daybreak. Happy monday after the super bowl. Alix did you watch . Bed. i have to go to i thought it was one of the best, most exciting games. Alix what was the best part . David the end of first half when they hiked it back. In therew it to foles touchdown. Alix what happened to tom brady . David he will come back. He is a great player. Game. As not his best he played really well. 505 passing game. Alix in the market we are looking at a selloff continuing. Dow jones futures are up 223 points. S p futures tried to climb to positive territory and now we back we are down yields unchanged but 2. 84 is where we are on the 10year yield. Cruise gets hit again, down. 6 . Broadcom is raising its operative to qualcomm. Supporting a market that just keeps getting hammered. David there just wasnt enough money and they managed to get it. Well talk more about that. It is time for the morning brief. Jerome powell takes the old draghi meetsmario right now it