Credible. Global news 24 hours a day. Powered by more than 2,700 journalists and analysts in more than 120 countries. Im mark crumpton. This is bloomberg. Bloomberg technology is next. I am cory johnson in for emily chang and this is Bloomberg Technology. A closearkets come to finally and thank god u. S. Stocks gaining on the day. The big tech names were the leaders on the downside and on the upside. We will take a look. Libor scandals. A look at bloomberg settles. The highstakes lawsuit against waymo. With amazon. The giant stepping up plans to create its own delivery business, leaving ups and fedex behind. What a day on wall street. Stocks finishing higher ultimately. Down in the last hour. More than 1 across the board. Tech Companies Leading some of the gains. Anyones guests for what can happen. Friday with so much volatility, it is turning out more than 1000 points today. Amazing to watch. A massive decline earlier this week. This is the biggest weekly losses of the year and going
Been given that he is on probation and given his prior arrest, Santa Clara Police say at 8 45 last night the 24year old was trying to park his car when he crashed into a parked car. He damaged that car as he was opening the door and left. When Police Showed up a few hours later, they suspected he has been drinking. He returned to the scene. He was cooperative and he took a field sobriety test and they arrested him. When he was released from jail this morning, he denied the dui allegation. Simple as this. Justice will be served and the truth will come out. There is no dui. Im sorry for any body i let down. Im sorry for, you know, the way the whole thing happened. It is time like, you know, i need to speak and want everybody to understand this was not a dui, the situation could have been handled differently but as far as anything is concerned, it will work out how it is supposed to work out. Hours later, the 49ers released him and his arraignment is scheduled for october 9th and thats if
When i was laying out on that ballfield, the first thing i did was start to pray, and ill tell you it gave me and unbelievable sense of calm knowing that at that point it was in gods hands, but i prayed for very specific things, and ill tell you, pretty much every one of those prayers were answered, and it was pretty challenging prayers i was putting in gods hands, but he really did deliver for me and my family, and it gives you that renewed faith that the power of prayer is something you just cant underestimate. [ applse ] so im definitely a living example that miracles really do happen the first place i want to go to thank true angels along the way starts with the United States Capitol Police [ applause ] when i was elected majority whip, as you know, the elected leadership has a security detail, and if anybody ever wondered why were assigned security detail, i surely found out that day and let me tell you, i want to specifically mention crystal griner and david bailey. [ applause ]
Would show that companies dont always use the asset when theyre repatriated to invest in manufacturing, jobs, things you gees are talking about they Share Buybacks and financial engineering. How do you guarantee that wont happen this time so, look, we heard that numerous times if thats our worstcase scenario that companies repatriate their money and use it for share pbuybacks and dividends, what happens . They buy back shares, issue dividends, pay the repatriation tax, we get another 20 tax on Capital Gains or dividends and the people who get that money back do what they reinvest it back in the economy in new investment and new capital. Were putting very enticing rules into the system that will entice people to invest capital for the next five years. Were giving people a fiveyear writeoff that they can instantly expense. So, look, if that happens, thats fine, we know that money will get invested right back into the economy and drive jobs, drive economic growth, drive wages and drive pr
As Iraqi Forces Advance on kir kuk. Road m as we kick off a busy week for earnings. Plus a win for workers, the white house pitching the tax cut plan countering democratic criticism and seeing middle class americans would see incomes rise. Eye on subs, netflix after the bell and is expected to hit another record today stocks are looking to hit record highs, dow and s p 500 coming off five straight weeks of gains. Yellen saying the ongoing strength will warrant a gradual increase in rates. Meantime oil prices are higher this fighting between iraqi and Kurdish Fighting escalating and wti up almost a buck. 600,000 barrels in play and you also have to believe the area being destabilized has made it at least for a couple of days you get over 50. Ive got to tell you, ive got at least a dozen Oil Companies i monday ter that will be in there selling again today. They have to sell because they are exceeding their cash flow. So when you see 52, you need to see a breakout to like 56 to realize th