The top court of the European Union began hearing a case that began with revelations that a u. S. Spy agency the National Security agency was compelling facebook and Similar Companies to turn over private data from users in the e. U. The 11 specific questions that spun out of that case are now before the court and center on the rules that govern Tech Companies sharing data from users around the world socalled standard contractual causes or c cs if the e. C. J. Finds that as he sees fail to protect the privacy rights guaranteed by e. U. Laws Companies Like facebook and its peers could be forced to sequester that lucrative trove of european consumer data and rewrite their rules for sharing what is arguably their most valuable resource a decision from the court is expected before the end of this year. Catching up with africa 54 of 55 leaders attending the recent African Union summit in nigeria has signed an agreement to create the african continental free. Trade area the proposal under di
These are your markets, the stocks europe 600 is down 0. 3 . Of course, what that means for easing against the backdrop of threats to Global Growth. Ignore this, it is the wrong number. If you look at oil, its up a touch, but definitely not at 9. 74. Will get an update shortly. There you go, american crude at 58 and . 85. Coming up that we speak to the Democratic National Committee Chair howard dean as the democratic debate takes place tonight in miami. Ahead of that government lets get straight to bloomberg first word news. Special Counsel Robert Mueller agreed to testify on capitol hill, setting up a dramatic confrontation over the trump presidency. In his report, he said he could not conclude whether Donald Trumps campaign conspired with russia the also said he could not exonerate the president from obstruction of justice. , that is whatorce President Trump threatened iran with if they attack the u. S. Tensions continue to flare with the president warning republic of quote obliterat
For our audience worldwide, this is bloomberg surveillance. Alongside tom keene and Lisa Abramowicz, im jonathan ferro. The s p is positive by 0. 2 . It felt like we were on the brink of a full Ground Invasion all we can. Tom im using the Live Services of all the different news sites and it just migrates forward, waiting. Waiting for what . You could see the politicians. I think the most interesting, jacking near to keep their options open. Jonathan we intended to follow this war through the weekend. Rockets fired at tel aviv and some in israel as well. Back channel talks between the United States and iran. Lisa there is a feeling of a frantic diplomatic relation, the idea of iran, who does not have any formal relation with the u. S. Having back channel talks, also having back channel talks in some capacity with israel. Nobody wants this to percolate out of control. And yet the pressure keeps building and no one can come to any resolution at a time where there are hostages, strikes and
Claims at a fiveweek high bon employee bonuses of 1,000 at some places. Now on to the next total in washington the shutdown as the deadline approaches well go live to d. C. For the state of play. And the apple conspiracy theorists were right the company does slow down your old iphones and consumers are upset. Details on that, coming up first up, though, as the tax reform bill awaits the president presiden president s signature, Many Companies announcing bonuses, pay hikes and Capital Spending sn initiatives. At t will invest an additional 1 billion in the United States. Our own parent, comcast, says it will give 1,000 bonuses to more than 100,000 workers and spend more than 50 billion over the next five years in infrastructure boeing, 300 million in workforce training and facility enhancements for its employees both wells fargo and fifth third raising their minimum wages to 15. Fifth third also handing out bonuses to 15,000 workers. Kudlow a few moments ago on twitter said hes never se
In weighing on the dax and automakers like volkswagen, daimler, and via bmw. Against theeaker yen. Dollaryen down 3 10 of 1 and the vix up by 5 , but really we are looking at potential record closes below 10. That would be a very long winning losing below 10 streak for the vix. Brent monitoring as well happening 1 on the highs of the. Ession the opec secretarygeneral says many things are looking at changes to be ahead of the curve and nigeria has no ambition to exceed to the want 8 Million Barrels of oil a day. Jonathan in the market is it easier to monitor exports than production . Alix it is actually not in that it is difficult to understand which numbers to use from exported. Production at least seems to be a relatively cohesive number. Jonathan 48. 62 this morning. Up by 1. 14 percentage. Alix david westin is monitoring all things in washington, d. C. With a special guest. David we welcome our Bloomberg Radio listeners for an important interview we are going to have with Daniel Tar