Were going to tell you about the new drug trial results weighing on that company today. Guess how it went. Well, it went well for someone else yeah. Exactly. Box office blues Movie Theater stocks are getting crushed again today. Six superheroes cant even save those shares being very opaque here but well explain coming up in a little bit. First, breaking news, just this afternoon on fed chair janet yellen, our dom chu has more on the story. All right, so guys, Federal Reserve chairman janet yellen will be leaving the fed completely in february and this is what some fed observers say is no real surprise. Fed chair yellens term as chairman expires in february we know this and President Trump has already made his pick to be the next fed head thats current fed governor Jerome Powell, of course, pending confirmation by the senate there had been some speculation around the notion, perhaps, yellen would maintain a presence on the fed board of governors since her term adds a governor of the cen
President in 2020. Okay. Plus, new high tech gadgets for your head, your wrist and even your fingernails. Well take you to the Worlds Largest Consumer Electronics show where the robots are taking over. We begin this morning with a look at todays eye opener. Your world in 90 seconds. What a mess. You have car accidents, massive flooding and 101 completely shut down. Heavy rains force evacuationings in california. First major rain storm of the year. Threatening to unleash mudslides in areas devastated by wildfires. North and south korea facetoface. The first highlevel talks in more than two years began overnight. They have made some agreement. So suddenly it seems positive at this point. The Trump Administration ending whats called temporary protected status for nearly a quarter Million People from el salvador. At the white house today, a Bipartisan Group of lawmakers will meet with President Trump to find a way forward on daca. The president was with a Friendly Group of farmers as he to
Virginia. Military operations key in that part of the country. Front page of the morning journal out of ohio. Lawmakers split on party lines on the president s performance. One more from the front page of ews, with ames n picture of the president. If you want to join our conversation, democrats, republicans, independents. A special line for federal workers. As you are calling in all morning, we have been helped out ta bringing us up to date on the latest. The first headline you read, we could learn more when the senate convenes this morning at noon eastern time. That will be our coverage on cspan2. They will talk about a possible deal through february 8 to open the Government Act up and fund it through february 8. The house came in and now they are in recess. Lawmakers remain in washington during the Government Shutdown. The fingerpointing, as you read in one of the newspapers, is happening on twitter as well. Speaker of the government is needlessly shut down because Senate Democrats n
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
The chief of staff, john kelly, has not offered to resign after an abc news report said he wakeed to step down in the of the rob porter scandal. Reportedly fought to keep him on the job despite the accusations reportedly fought tp of spousal abuse. Porter resigned this week. A person familiar with the matter said in a meeting of subordinates on friday, kelly encouraged them to spread the word. Global news 24 hours a day powered by our 2700 journalists and analysts in more than 120 countries. Crumpton in new york. Bloomberg technology is next. I am cory johnson in for emily chang and this is bloomberg technology. Coming up, a volatile week in Global Equity markets come to a close. 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. Plus, uber settles. And amazon is stepping up its o create deliver tw its own delivery business, leaving ups and fedex behind. First, what a day on wall street. Sto