Out there. Jonathan the president said he is not concerned about the negative reaction for markets. Is that a change in stance from the white house . Kudlow know, as i understand that he is just responding to the media response. A day or two in the stock market doesnt make a trend. Jonathan last week was really confusing. Outrolled out you ruled fx intervention , and then the president said he hadnt ruled it out. Kudlow he said having a strong dollar, theres a reason its so good. Having a strong dollar is having a strong dollar. Having a strong currency shows what an amazing country. I stand by those remarks. I thank him for making them. We havent ruled out any currency intervention. , and theem here president has said many times, it is not that our dollar is strong and reliable and dependable. We love that. Money is coming here from all over the world. We are the hottest economy. Where the only real major country with solid growth and investment returns. The problem here is the presid
Im katie greifeld, in new york. Welcome to bloomberg markets. Looking at markets so far this monday, there is a lot of green behind me. The s p 500 is up. 9 . Taking a look at tech, it gets even better. The nasdaq 100 is up 1. 3 at a lot of that is thanks to what we are seeing in alphabet, currently up 6 on the heels of a Bloomberg News scoop that apple and alphabet are considering a deal to allow the gemini ai to power new iphone features, sources telling bloomberg that the tech giants are actively negotiating a plan to let apple license the models into the new ios capabilities as soon as this year. Alex webb joins us with the details. Why does apple need google for this . Alex the assumption is that at this stage apple is quite awake behind google in this space, technologically. Google is one of the market leaders, up there with the load the likes of openai. Apple is really fighting to catch up and have moved a lot of people from their car project into ai and it seems as though if th
Get out of the committee, but Affordable Housing advocates say they arent giving up the fight. They are now considering a statewide ballot initiative. In san jose, devin fehely, kpix5. Thanks. Kpix5s da lin continues our coverage from alameda where one familys resident just skyrocketed from 1,500 a month to 3,500. Reporter allen, this is the condo right here. Surprisingly the tenant says hes actually okay with the 2,000 rent increase. He just asked the owner to spread out that increase over three years, which the owner says no and now the city of alameda is stepping in. Its a modest three bedroom condo on Bay Farm Island in alameda. Nick pevar, his wife and son have lived in the condo for seven years. Its insane. Reporter nick doesnt want to show his face but said his family is devastated by the 2,000 rent increase. My plans are destroyed. The financial situation is destroyed. Reporter his previous rent was 1,500 a month. The landlord increased it to 3,500 in december. I had to cancel
Move in the last few. Emerging market stocks are up. 14 basis10 year is up points. Thats a big move. David coming up, its personal income and spending data. At 10 00, we get data for the month of september. At 11 00, we have a full week of fed speak. That. Ill be talking about we turn to emma chandra. Emma President Trump is promoting his tax code to the National Association of manufacturers in washington and the 6ased outlines of trillion plan. You can watch the president remarks at 11 25 a. M. Eastern. Federal immigration Officials Say 500 people arrested during a sweep the targeted sanctuary cities. Almost two thirds of those arrested have criminal records in the United States. Theresa may is in estonia. This is ahead of the meeting, she spoke about frexit negotiations. They have made their lives in the u. K. I want them to stay. Weve been negotiating for that. We want their rights guaranteed as well. Is interested in the defense of your. The bank of england told bbc radio if the ec
The winds will slacken a bit on sunday but a cold weekend. So the cold air in place. We get through sunday as the cold air is locked in. Through the day area of low pressure moves north. Its become significant east coast snowstorm. Will it be a snowstorm for washington or philadelphia or all of us, a mix . All snow . We are working on that. We will have a full discussion update for you but put it on the calendar. Late monday night and again on tuesday. Some wintry weather. Looks like its certain around the area. Alison i guess its about time. Thank you very much. Well, if you go to the tidal basin, of course, you will see the trees. Jonathan some are starting to show. If you head down there its beautiful. It seems like a week away from the peak on this stuff. But will they survive the cold snap . Alison Richard Reeve is on the tidal basin. Rich, here, every degree matters, right . Richard absolutely. 27 degrees you could lose 10 of your blossoms. 24 degrees and you might lose as much a