Things for congress to tackle, why is the president kicking this to them . There was an informal deadline of september 5 where state attorneys general threatened to sue the federal government over this program. The judge restricting the sues as setting the deadline. He technically did not have to act but decided to get it over with. Julie we got a headline that sessions will announce plans to end a daca. Marty that is hardly news. Julie we have been talking about it. What kind of details sorry, kevin, what kind of details do we know additionally at this point about what sessions will say . Kevin what he will do is essentially has the buck to lawmakers and they are set to return this evening and through the day from their august recess. He will give them about six months to come up with a congressional solution to this to give them the opportunity to reinstate. Also potentially reignite some of the same political battle lines amongst republicans. House Speaker Paul Ryan has not commente
History to the fbi. It includes information the air force did not report about the texas church shooter. The pentagon is now reviewing the telley case kelley case. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Bloomberg technology is next. Im cory johnson from new york. This is bloomberg technology. Coming up shares of snap are in freefall in afterhours trading after a crummy earnings report. Plus, alphabets soup driving int chauffeuring people minivans without human backup drivers. We have a Progress Report from the ceo. Congress continues to make the case for Holding Big Tech more accountable. We will talk about the efforts to hold Internet Companies legally liable for the content on their platforms. But first, to the lead. Snap with disappointing results. The analysts are always wrong anyway, but the users numbers are really bad. Daily average users, 170 million. Less than the 180 million analyst estimate
And republican gillespie for governor. In new jersey, republican Lieutenant Governor is challenging a former democrat to replace the outgoing governor, chris christie. In new york, bill de blasio is up against a republican hallenger. Malliotakis. The pentagon has been aware for at least two decades about failures to give criminal history to the fbi. It includes information the air force did not report about the Texas Church Shooter Devan Patrick kelley. Devin patrick kelley. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Bloomberg technology is next. Cory im cory johnson from new york. This is bloomberg technology. Coming up shares of snap are in freefall in afterhours trading after a crummy earnings report. Well break it down. Plus, alphabets soup driving unit close to chauffeuring people in minivans without human backup drivers. We have a Progress Report from the ceo. Congress continues to make the case for
Funding. And twitter Ceos Jack Dorsey purchasing more stock. Are investors buying it . As we said some big earnings from the likes of apple and facebook. We have the fed meeting two days. We have the jobs number. The french Elections Come up this weekend, jim. Everybody is looking at seasonality trying to figure out what may means for stocks. What are your thoughts . Well, for years i always felt that you do not want to be in tech because were about to go into the summer slowdown for europe. Actually, europe is much stronger this year and i no longer feel like theres a sell in may problem with tech. We know that sell in may doesnt work. Its 5050. But there was a basis for it and the basis for it was most companies in europe just shut down for july and august. So you have to anticipate that. Thats not going to happen. Instead, it might be the other way. I think europe leads us right here. Meanwhile, guys, obviously, big week in congress. David, i know youre going to tackle some of the i
Need to look out for is volatility in the market. Your markets and this is what we are seeing overall. Global stocks seem to be more study certainly than they were yesterday. Rising. X stocks and europe edging higher. That means theyre having their worst week since november. The brazilian real well talk about all day, 3. 37. The vix down. A little bit of a swing upwards yesterday. Lets get to first word news. Sebastian the u. S. Treasury secretary says breaking up the banks would be a huge mistake. Steven mnuchin says the u. S. Administration does not support splitting commercial and investment banking. Elizabeth warren accused him of a bizarre policy shift. Temer has defined calls to step down, saying an investigation will clear him of a coverup. Media claimed that he approved hush money for the former House Speaker. Realurmoil has seen the tumble. U. K. Political parties have criticized theresa mays approach to brexit ahead of next months election. Jeremy corbyn refused to take her b