First. From the middle east to europe as leader of the free world, President Trump reaffirmed historic alliances and forged new relationships and called on the wider world to confront the threat of terrorism in new and renewed ways. And by the action the president will announce today the American People and the wider world will see once again our president is choosing to put american jobs and American Consumers first. Our president is choosing to put American Energy and american industry first. And by his action today, President Donald Trump is choosing to put the forgotten men and women of America First. So with gratitude for his and admiration for his unwavering commitment to the American People, it is now my high honor and distinct privilege to introduce to all of you the president of the United States of america, President Donald Trump. [applause] President Trump thank you very much. Thank you. I would like to begin by addressing the terrorist attack in manila. Were closely monitor
Losing streak since june has been snapped. Groupll see every single on the 500 index has gained today. Osp to see what m is going on in stocks. You can see the gainers. I will change it over to names. Wells fargo, j. P. Morgan, Berkshire Hathaway all big gainers today. Financials leading the way. As far as the losers, big names. Allergan, biogen, amgen. Im pulling out pharmaceutical and health care names on the losing side. Joe in the Government Bond market, we see a selloff in South African bonds. That is one country lets look at the u. S. First. Lower yields across the board. We see a particularly sharp drop on the 10 year yield. The fact that the u. S. Twoyear dropping less than the 10 year indicating a flattening. Friday after the fed comments, we saw yields up. Today a reversal. Lets look at a onemonth chart of South African bonds. That is interesting. Growing anxiety about the finance ministry and power situation has seen a sharp jump in the last week. Chandra im looking at curre
From the bloomberg newsroom. Emily im emily chang. This is bloomberg west. In theps the ante encryption debate, telling the fbi to back off. Who wins in the standoff . Beats estimates again, closing in on at t and verizon. How do they do it . Deeper intoigs grocery delivery. We will see how long startups can compete in this business. First, to the lead, a watershed moment in a debate to in Silicon Valley and washington. Apple is rejecting a court order to investigate the iphone of one of the shooters in the San Bernardino terrorist attacks. Tim cook framed it as a chilling attack on civil liberties. He wrote we are challenging the demand with the deepest respect for american democracy and they love of our country. That this demand would undermine the very freedoms and liberty are government is meant to protect. Echoed by thewas most famous defender of civilian privacy, Edward Snowden, who said the f ei is creating a world where citizens rely on apple to defend the rights. Told reporter
Economy. The aussie dollar weekend after a week unemployment date in january. 8000 jobs lost. The forecast had been for a gain. Was the worstbs since 2013. The government is struggling to support growth. Those of the headlines from Bloomberg News powered like 2400 journalists in 150 bureaus around the world. We have breaking news from malaysia. Ourth quarter growth is up gdp rising 4. 5 on year. A rise of 4. 1 following a gain of 4. 7 in the previous quarter. Lets look at the market and how they are reacting. Emily im emily chang. This is bloomberg west. Coming up apple ups the ante in , the encryption debate, telling the fbi to back off. They rejected a judges order to break into the iphone of one of the San Bernardino shooters. Who wins in the standoff . Tmobile beats estimates again, closing in on at t and verizon. How do they do it . We will find out. And google digs deeper into grocery delivery. We will see how long startups can compete in this business. Emily first, to the lead,
We had some importing use. Market movement, a lot of volatility. Tom a lot of volatility. We will cover that with paul donovan. Excusepresident me, the president and the chair will meet today at 3 00 p. M. What chair yellen will discuss with the president , but they are meeting. Francine i dont know if this happens very often. They may talk longer term. Tom maybe they will look at Washington Capitals prospects. I dont know. The stanley cup is upon us. Francine there you go. Lets get to the bloomberg first word news. Heres Caroline Hyde. Caroline the international furor over the penama bakers the Panama Papers anders its second week. Over the weekend, cameron addressed concerned Party Activists that acknowledged shortcomings in his handling of the matter. President argentine is promising to put his assets in a blind trust after he was linked to two Companies Listed in panama. Foreign ministers from the group of seven industrialized nations are meeting in japan, calling for a renewed pus