Indicated by the supreme court, let us move on. In nairobi tossed Water Cannons and fired tear gas at stonethrowing protesters today. They are protesting todays rerun, saying it is not credible. Many polling stations in opposition areas did not open today because of security concerns. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im mark crumpton. This is bloomberg. Abigail live from bloomberg , were 30dquarters minutes from the close of trade and stocks are declining as the dow is learning with a new record high. The question is, whatd you miss . , microsoft and intel all report. President trump speaking last hour at the white house about the Opioid Epidemic in america. He called it a National Public Health Emergency. We look at the impact its having on the labor market. Ingles be to nigel travis about his companys results in where his thoughts are on wages as we look ahead to next weeks jobs report. Scarlet opioid abuse is
30s and in control of a billion dollar business, it has been quite the ride for nadiem makarim. Gojek has grown to become indonesias leading mobile on demand platform. The ridesharing app now controls 95 of the Online Food Delivery market. Gojek employs 300,000 riders, dominates the same day logistics market, all achieved in just two short years. Haslinda nadiem makarim, welcome to high flyers. Good to have you with us today. Nadiem thank you for having me. Haslinda gojek is a play on an indonesian word which is a motorbike rider. How did it come about . It has to do with harvard . Nadiem yes, when i was in business school, we had an independent study project. I had this idea that i always wanted to do, and so i did it first as a school project. In between the summer, i decided whatever, lets just try building a call center because we did not have money to build a app. We built a call center, recruited a few drivers, and i think thats how it all begin. I recruited the first 20 drivers
I think theres a lot of noise in the summer. The economy is in very good safe. We have a robust economy with growth of 3 plus at least for the last two quarters, despite these rather disappointing unemployment numbers. I think we are past the crisis. Getting a lot of distortions out there, but the underlying economy is strong. Whats worrisome is the decline in unemployment happened for the wrong reasons. We saw pretty big drop in participation rates. This could be noise related to the hurricane. The job number is noisy. Down to 4. 1 unemployment. When you look at the u six number, down 1. 5 for the year, we are bringing a lot of people back into the workforce. Wages are accelerating. Well think wages are going to move beyond levels that economy tremendously high because of automation technology. But it is real wage acceleration. So it just allows them we think theyre going to go in december, two to three times next year, probably three times. Jonathan joining me is Matt Hornbach and pr
To see what mnuchin and the economic director hold a briefing at the white house. Look at twitter earnings. ,t looks like a pretty big be coming in at 11 percent. Monthly active users also coming in slightly better than estimates, coming in at 328 million, beating the estimates better than the fourth quarter. Also, revenue dropped the estimates as well. Looks like a good quarter for twitter. Youve that revenue, earnings up, monthly active users up as well. We will cover that throughout the next three hours. David you can get money for it and this might be a case where they figure out how to do that. And maybe video because they really have the video. Lets see. Today President Trump is going to release his plan for what he has called the big tax reform and reduction. Weve gotten hints about where he is headed. We are joined by our chief washington correspondent kevin cirilli. What we know so far is he is going to call for a 15 Corporate Tax rate tax break. We dont know the specific deta
Generation opportunity to do something really big. President trump has made tax and we have aity republican congressman wants to get it done. This is something that honestly i hope the democrats would support too because it is good for the american people. Would be new tax rates 10 , 25 and 35 . The conservative House Freedom caucus is backing the latest Health Care Proposal as the white house tries to revive efforts to repeal the Affordable Care law. In a statement, the 40 or so howd lot hardline members to hold the blocks the earlier bill announced their support for by w plan crafted the group said that while the new proposal is not a full repeal of the 2010 Affordable Care law, they are prepared to support it. Saudi arabia and russia will meet within the next two weeks to discuss extending those Oil Production cuts designed to firm up prices. The current cutbacks by opec and russia and in june. So far they have not achieved the target of reducing stockpiles below the five year histo