Millions into the streets of chile. All that, for step here is joel weber. We put together a holiday cover for you. Quite a cover there. What a year. We think this is one of the biggest stories of the year. It started with the magazine covered it very early on when there was going to be an ipo. As that coverage developed and went on, there was another story we started to think about which was one of the biggest investors. I do love the cover. Seasons greetings. We did talk about it so much this year, what i love about this is i feel that you guys go into the layers of division funds. Obviously, there are other players. Ismoffett being the guy who really the visionary at softbank. Whocially the vision fund is now in Silicon Valley a hundred Million Dollar vc fund that can do a lot of things. One of the ways it can do that weworknto Something Like , and bankroll wework. That is a Business Model that not might not have been rife for the long haul. They were very aggressive. That is the st
Jason visa c. E. O. Al kelly, no relation, says consumers are still swiping and tapping despite talk of a recession. Carol and then theres this weeks cover story. Google and the generals. The search giant wants to build its military business, its employees they do not. Jason much more of that ahead but we begin with our top stories. A busy week in d. C. With impeachment hearings. Trade talks hitting a series of road bumps. So much more and legislation passed by congress, supporting hong kong protesters. Lets break it down with Ryan Teague Beckwith in d. C. So ryan, help us understand everything that happened there in the nations capital. Ryan yeah. This was a long week. And i think the last news day was june 15, 2015. [laughter] this was a particularly newsy week. The sondland testimony from the ambassador to the e. U. On what day was that even . Thats how long of a week its been. Wednesday. The sondland testimony on wednesday established pretty definitively that there was at least one
The search giant wants to build its military business, its employees they do not. Jason much more of that ahead but we begin with our top stories. A busy week in d. C. With impeachment hearings. Trade talks hitting a series of road bumps. So much more and legislation passed by congress, supporting hong kong protesters. Lets break it down with Ryan Teague Beckwith in d. C. So ryan, help us understand everything that happened there in the nations capital. Ryan yeah. This was a long week. And i think the last news day was june 15, 2015. [laughter] this was a particularly newsy week. The sondland testimony from the ambassador to the e. U. On what day was that even . Thats how long of a week its been. Wednesday. The sondland testimony on wednesday established pretty definitively that there was at least one quid pro quo holding out the white house meeting in exchange for investigations into the bidens. Sondland testified that he was not definitively sure that there was a second quid pro quo
Technology. Julie hyman is with us to explain the markets. Lie we are seeing the biggest drop in maybe a little over a month, but that is because we are not seeing big drops. We are seeing small, incremental moves. Today, it is a matter of riskoff sentiment. Just to put the drop in perspective, we have got an interesting chart on the bloomberg. I do not know if we can call it up here we go. 500, the s phe s p fell at least 2 going back a decade. As you can see, it has become much less frequent. You see the magnitude of drops. We have not even had a drop in 2 , and it has been since last year since we have had a drop of 3 . Sell us have become much less common than any kind of magnitude. Lets go back to the semiconductors. Apple is cutting orders of the. Phone 8 and the iphone 8 the stock is down. 7 . All of the apple suppliers are trading lower. As for the earnings side of the equation, we have got the pressure as well. The staples of producing well, Phillip Morris is the worst within
Have a deal with the dmes holding them up. More on this is timothy obrien, the executive editor of bloomberg gadfly. Never a dominant. Why would he be calling out these guys . They are supposed to be natural allies, he needs these people. He cannot help himself, this is traditional donald trump. During his Business Career and down in his political career, he has never been good at building allies. Often, at his own expense, strategically and personally. We saw this in new york back in the late 1980s, early 1990s, these epic roles with the then mayor of new york city, ed koch. He needed support to get zoning approval and other big projects. Rather than nurture a relationship, he went to war with him. Ultimately, he lost huge Business Opportunities because of that. Now you see with Mitch Mcconnell, who runs the ,epublican party in the senate trump slapping him around on a regular basis rather than cultivating him. Julia why is the question, why can he help themselves, why doesnt he put t