Good monday morning, welcome to squawk alley joining us this morning, Roger Mcnamee, elevations partner cofounder. A lot to get to with roger today. Speaking of which, the dow kicks off the week in the green, but while were in the midst of this record run, some are questioning if a top is near we want to pose that question to you, roger, because youve been kind of skeptical about this runup for a while now i wonder if you think youre hypersensitive to signs of a top. Well, you know, its funny, carl my sensitivity is based on just looking at the situation, you know, politically and how all of that relates to markets. To my mind whats going on right now is very simple, you know, we have a massive tax cut thats running its way through congress, and i think the market is making a really good judgment that in all probability some portion of that tax cut is going to go through and thats going to reward investors in a big way. Now, does that make the top . It could easily do so. This could be
Play a larger role in the republican party. And he said the 2016 race was never specifically discussed and it was only a casual chat. So, as you head off to work, consider this, the ceo likely earns more than sgoift times than you do. Then consider that the ceos on your screen right now, earn over 1,000 times the median salary of their employees. And they used to make 20 times more than the average worker. And police say theyre searching for a motive after another attack insad ide a Movie Theater and the suspect was stopped before anyone was injured. And here is the latest from antioch, tennessee. Reporter as the chaos started to unfold, two Police Officers were working a Traffic Accident just outside the Movie Theater. Wub one of the officers engage the suspect, he saw a gun and a trigger about to be pulled. He disengaged. Reporter it happened during the showing of the film mad max fury road and he used pepper spray on at least two people in the theater and attacked this man with a ha
Has opened hearings that could lead to the impeachment of the irs leader. They will look at targeting of conservative groups. Latimer putin is promising that russia will take steps to retain strategic parity. Rizals new finance minister brazils new finance minister promises to reform the countrys pension system. Brazil is in its worst recession since the 1930s. Im mark crumpton. Bloomberg west is next. Brad im brad stone and for emily chang. This is bloomberg west. Coming up, apple drops a billion dollar, investing in one of ubers rivals. What this means for apples Current Mission and its relationship with the Chinese Government. And hypersonic pods a step closer to becoming reality . We have the details. Tesla shifts reduction into production into ludicrous mode as ceo elon musk promises to deliver half a million cars by 2018. Can he get there . We will discuss. But first to our lead apple dropping 1 billion on ubers rival in china and its a big deal for several reasons. This is one o
Finance minister thomas is to reform the countrys pension system. Brazil is in its worst recession since the 1930s. Im mark crumpton. Bloomberg west is next. Brad im brad stone and for emily chang. This is bloomberg west. Coming up, apple drops a billion dollar, investing in one of ubers rivals. What this means for apples Current Mission and its relationship with the Chinese Government. Pods a stepic closer to becoming reality . We have the details. Tesla shifts reduction into ludicrous mode as ceo elon musk promises to deliver half a million cars by 2018. Can he get there . We will discuss. But first to our lead apple dropping 1 billion on ubers rival in china and its a big deal for several reasons. This is one of apples biggest deals ever, second only to its acquisition of beats in 2014. It also came in just teed of president of the company met tim cook only about a month ago. And it could be a public show of goodwill to the Chinese Government. We will discuss what edge this didi in
Search and rescue operations by an eu mission and they proposed to share the burden of dealing with incoming refugees. Finally give the idea of a new sense of urgency, a new sense of political will from the European Union side to tackle the issue of migration and the trafficking and smuggling of people across the mediterranean. But there are differences of opinion over the scale and range of the proposed measures. Italian authorities are continuing their search for survivors and bodies from saturdays deadly ship wreck in the mediterranean. A boat containing 700 people capsized off the coast of italy. Prosecutors say some rescued were from somalia, nigeria and jips. The boat left egypt and stopped at a port on route to italy. Troops from the United States and ukraine have joined in a joint training exercise. Ukrainian president Petro Poroshenko says that his country epartnership with the United States has entered a new phase. U. S. Defendant Department Spokesperson steve warn denied the