And the nasdaq tumbled 1. 05 , you need to understand this is a redistribution its not a bet on the future, its a wager that some earnings estimates are going higher while others just stay the same and judging by the intraday reversal, investors are starting to realize that we may be a little too enthusiastic about stocks in general. Even if some do deserve to be higher because of changes that are going to be made to taxes in this country today truly brought a bifurcation in stocks. The action was 100 about tax reform Domestic Companies get a big cut while more internationallyoriented Companies Like most of tech see much less of a benefit sure they can repatriate capital from overseas at a better rate, but the real benefits here are for the purely domestic players. Its Like Congress has waved the magic and with and every cable company, railroad, retailer, restaurant as well as a smattering of industrials that have great u. S. Exposure and that has radically raised earnings for 2018. No
Demonstrators marched again in st. Louis as protests continue over a white officers acquittal in killing a black suspect. Right police intervened late monday, using weapons and arresting more than 80 people. Prosecutors say the officer who shot and killed the man the interior secretary is recommending six of 27 National Monuments under review by the Trump Administration be reduced in size. They recommend two utah monuments be reduced. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. I am emma chandra. This is bloomberg. Emily i am emily chang and this is Bloomberg Technology. Coming up, Margrethe Vestager goes to washington. It is her job to keep big tech in check. The European Commission joins us for a wideranging interview. Slack sends a message to the competition with a funding round led by softbank. He spoke to us about a potential ipo and beefing up ammo in war for the corporate Servicing Services market.
Prince of los cocuyos a miami childhood comes out in the fall of 2014. Youre watching booktv on cspan2s, television for serious readers. [inaudible conversations] next from Bookexpo America Panel Discussion on how technology is affecting publishing content. Bookexpo america is an annual trade show for the Publishing Industry thats features authors events educational panels and information on soontobe published books. This is a little under an hour. [inaudible conversations] thank you all for attending the media is the message. Really appreciate your coming here today and i think youre going to have a great panel that is going to give you some really interesting information about what is going on in our increasingly multimedia world. We are going to start off with. Or Adeena Karasick from Fordham University who is going to be present in a a powerpoint multimedia with vide. Its quite an amazing creation. And adeena is a great expert at putting it together so i will introduce her and we w
Against the dollar. Facebook. Obviously waiting for the announcement in a matter of moments. Wells to it to power lunch. What will they unveil. That begins now. We have, scott, actually two major breaking stories right now. Facebook about to make the aforementioned major announcement. Were inside the headquarters. Thats screen left for you. Screen right, ahman javers on the president s gun control plan. A few moments ago james carney told those in the meeting room the president and Vice President will hold their event tomorrow. Carney saying that the president and the Vice President will be joined by children from across the country who wrote letters in the wake of the shootings at sandy hook. Carney also saying hes not going to reveal details at this point over whats going to be in that legislation. So well have to wait and see what this package ask going to contain but it contains legislation that would need to be passed on capitol hill. Amon with the announcement. Lets go across the
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