Of mind blowing. Check out these numbers, the six biggest tech stocks losing more than 1 trillion in value in three days apple, microsoft, amazon, microsoft, tesla and facebook. This is kind of unbelievable on the way up, we kind of get i wont say we get used to it. Complacent. We dont quite notice it as much after the split, was apple up 40 or something remember when we were arguing about tesla at 500 a share . Look where it went eastbound the s p was up almost 60 since march. You get these crazy moves to the upside we should have been able to watch this after all these years and how quickly the corrections can come to get that move and have a correction in three days maybe we need to even revise the terms for how we talk about it given what the nasdaq has done, that perspective it is nothing it is not that shocking if you are a longterm investor, this is no big deal. If you were looking at this. Those six stocks losing a trillion in value, they are still up several trillions you are
The Fatal Shooting this past spring of breonna taylor. Two police in her hometown of louisville, kentucky were shot after they were called to an area downtown yesterday. Police announced a curfew for the next two nights. The officers injuries were not lifethreatening. Police say they have made nearly 100 arrests in the city. There were also protests in new york, chicago, atlanta, and seattle. Bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories from around the world we are following. Stocks reversing initial declines. Strong housing dated today and speculation of a new round of economic stimulus. We will discuss with tracy ahearn. It is one of the largest deals yet. United it was via United Wholesale mortgage valued at 15 billion. We will speak with mat ishbia
Book about the middle class in the United States. Rudolph discusses foreign interference in campaign 2020 at 9 15 a. M. Host following the Police Killing of a black man, jacob blake, in kenosha, wisconsin, and a week of protest and violence, President Trump went to kenosha yesterday to meet with Law Enforcement and tour the damage. He reiterated his Campaign Theme of law order. Good morning. This is washington journal. We will spend the first hour getting your views on the Campaign Message on law order. Is it working . The lines for those of you supporting former Vice President joe biden is 202 7488000. Supporters of president and mike pence, 202 7488001. Areall others, if you undecided, that line is 202 7488002. 3. Text, 202 748800 on twitter, it is at cspan wj. On facebook, we are facebook. Com cspan. President trump touring that damage as you saw in that video. We will show you his comments during that tour. This is reporting from the kenosha news. Kenosha. Trump in with Law Enforce
The untold true story of americas middleclass. Guest thank you for having me. Host how do you define the middle class . Guest there are so many ways you can define the middle class and some new ways people have over time. Sete it as an aspirational of Economic Security items that americans want to have to make their lives feel safe and secure , and to pass a better life onto their children. I defined middleclass as someone who is able to buy their own home, their own car, send their kids to school come a safer retirement , save for retirement. Stablel people feel more through tough economic times. If you can build enough wealth up to buy those things, i think in america we would call you middleclass. Are strivingle who for that security are aspirational middleclass. Host how far back in our history does the use of the term middleclass go to refer to economic success . Guest we think of the middle class as quintessentially american, but it is relatively new term in terms of popular news
Big mistrust of big tech the u. S. Congress questions that heads of apple Amazon Google and facebook on anti competitive behavior how the internet giants become too powerful and is that a need if the new laws to regulate them this is inside story. Hello welcome to the program on amazon apple google and facebook for companies that have changed the way we live work shop and stay in touch with our friends and family but the american tech giants have long been accused of abusing their power to drive out competition and mishandling user data the u. S. Congress has been investigating their Business Practices for years old wednesday politicians question the firms chief executives as they consider changes to antitrust laws will bring in our guests in a moment but 1st this report in washington d. C. You know as the Ranking Member of fittingly the tech giants appeared virtually to face questions the subcommittee chairman making clear he sees a problem their dominance is killing Small Businesses