Carrying hefty price. Are ready to pay, you might not get it for weeks. Hello from sydney, it is just past 9 00 a. M. , this is daybreak australia. What about an hour away from the open of the major markets. Im going to wait a few months for the iphone x. I am in new york. Friday, no waiting for the bulls, we saw tech stocks, roaring back and pushing the market back to record level on the s p and the nasdaq. Lets pull up the markets guide to show you where we ended on friday. Well above the s p 1 . Take a look at the nasdaq, up 2. 2 . We know that the search in amazon shares have made jeff bezos of amazon the richest man in the world. By by bill gates. He kicked him to the curb. Haidi [laughter] extraordinary stories. The earnings, the biggest tech earnings, they continued this weekend. In particular, u. S. Investors. We have the fed leadership announcement from President Trump before he kicks off the 11 day trip to asia. We have all sorts of central banker meetings. The set has taken
The election next year. Because called serving the u. S. Congress the greatest privilege of his life. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Emily im emily chang, and this is bloomberg technology. Coming up, capitol hill mea culpa. I would do. On facebook and twitter and google testimonies in washington. Lawyers from each tech giant answer questions on what one senator calls the National Security question of the 21st century. Legalapple and qualcomms battle takes another nasty turn. We consider the beef from both sides and the implications for future iphones and ipads. What a woman for bitcoin. Reversing course today, plenty to introduce bitcoin future by the end of the year. First to our lead. Facebook, twitter, and google are having their day on capitol hill. Top lawyers from all three appeared before the Senate Judiciary committee to answer how russia manipulated their platforms to influence the 20
President trump has offered tougher screening of immigrants following the attack in new york. Down a bike lane in manhattan a truck injured almost a dozen. A Police Officer was shot and arrested the suspect according to the New York Times he was found near the truck indicating that the suspect was not related to the islamic state. On capitol hill, a House Republican scheduled the release by a day. There are unresolved questions about the Corporate Tax rate cuts and other proposals. Republicans also sell disagreeable about whether to repeal a tax break for local taxes. Resident of catalonia now has to choose between a possible prison term for a life in exile as the Spanish Court has summoned him to appear with charges. He fled to brussels after spain seized control of the government in response. His declaration of independence. A new study says the decision to leave the eu has cut income by over 800 per household that come from the National Institute of economic and social research. The
Andrew levin, whos professor of economics at Dartmouth College and former adviser to former fed chair ben bernanke victoria fernandez from crossmart Global Investments is in houston congratulations. Thank you. Peter costa from empire executions is sheer at pohere a9 with us. Rick santelli is at the cme. Were going to get reaction later from former Federal Reserve governor larry meyer with us and Richard Fisher well get color from them on the new nominee, the impact he will have on the Federal Reserve Going Forward. Steve, lets start with you. As we await the president , to come out of the oval office which could happen any moment here, hes considered the safe pick why . Well, i think because he doesnt want to have a huge change at all in policy. Doesnt he loves the way the markets have been behaving doesnt really want to upset that particular apple cart look, were not sure whos going to be appointed, bill, but i thought we might just talk about the bio of Jerome Powell, how about . The
30 minutes into the training day here in the u. S. As i mentioned, julie, we have the job numbers, but the market is not doing much at the moment. Julie we are very little changed. I wanted to mention some other Economic Data thats not passed us. The idea some reporting its nonmanufacturing index as well today coming in at 68. 150. That is what economists have been predicting with factory orders rising 1. 4 . Durable goods orders up 2 , and if you look at the ex transportation number, that is gain of 0. 7 that is a of 0. 7 . Member 50 is the dividing line between growth and contraction. So it is 60, well above that level. It looks like that expansion is the fastest pace since august of 2005. Ares are short of sort of shrugging off this news. We still have hurricane noise in those numbers. We will get more analysis from diana in a few moments. But if you take a look at equities and across the rate market, and the 10 year yield, we saw a sort we saw a sharp drop, but yields have come bac