His First Official trip overseas. Global news 24 hours a day, powered by 2600 journalists in 120 countries. Im Alisa Parenti. This is bloomberg. Bloomberg technology is next. Carolyn im Caroline Hyde. This is Bloomberg Technology. The manchester terror attack brings the battle over encryption front and center. A snapchat snapshot. Why muddy waters founder says snap may be a short. Billion bets 4 on invidia. The chip makers successful entry into the automotive market. First, lets get some fresh news straight out of washington. The Congressional Budget Office is just out to claire revised plan to repeal and replace part of the Affordable Care act. It reportedly reduce the federal deficit over the next 10 years and that is 32, billion less than an earlier version of the legislation. Lets head to the white house with the reporter. Shannon, remind us how this particular legislation, the undoing of obamacare was different from the original. On people may remember we did have a Congressional
Who has a rare genetic disease, shall now be transferred to a hospice and taken off life support. Live at the white house at this hour, President Trump and Vice President pence are honoring the Capitol Police at the alexandria, Virginia Police were involved in the terrible incident on june 14 when congressional members practicing for a softball game where shot at in alexandria. One of the most critically republican louisiana scalise who was released from the hospital yesterday. The president s remarks praised the bravery of those who helped bring down the gunman. Powered by more than 2700 journalists and analysts in over 120 countries, im mark crumpton, this is bloomberg. Scalise who was released from the hospital yesterday. From new york. Joe we are 30 minutes from the close of trading in the u. S. Julia u. S. Stocks sliding as volatility fights. Joe whatd you miss . Scarlet House Speaker paul ryan talks about imports and talks about moving forward on tax reform. Nevertheless, get rea
It was 2157 at the beginning of the week. It has gained 11 points this week. Anna lets get some more details. Nejra cehic joins us. Nejra good morning. Asian markets seem to have not got the memo of caution we saw in the u. S. Session. If we look at the msci asiapacific index, trading higher, the topix recovering the slide on a weaker yen. 111. 46. The house vote on the Republican Health care bill delayed today but this does have bigger implications not just on policy but on the trump trade as well. We could ask if the market is getting ahead of itself with the optimism today. The nikkei up 0. 9 . Gains in china 20. Gains in china too. Speaking of the dollar, snapping sixlongest losing streak in years. If we look at dollaryen, 111. 45, the yen weakening for the first time in nine days. The bloomberg other index is still heading for a weekly decline. We have seen quite a bit of dollar weakness since the beginning of the year. Just to dig a little deeper, it has been in a trading range r
Clintons for speeches. David very interesting. Melissa steve forbes here with his take. Forget coddling college students. Freedom of speech is alive and well at one american university. Well take you there. David lets take you back to the markets. The dow ending down but it was down triple digits. Dow up and down. Bluechips up and down. Seeing a 237point swing. Phil flynn, price futures Fox News Contributor has details from the cme. And we have adam shapiro on the floor of the new york stock exchange. Adam, all this whiplash happening of course all related to what janet yellen was saying this morning . Reporter yes, janet yellen when she speaks, markets listen. We had, what a 23point swing at the high. We were at lows of session 113 points down. We came off the lows. When you consider some of the numbers, Charlie Brady back at base crunched it for us, s p 500 has gone 35 days without a swing of 1 move that is the longest stretch that happened in more than two years. Investors clearly l
Pop off of Janet Yellens speech. Stanley fischer putting cold water on that talking about september. This is the we are with less than our left in the trading session. The dow down by point four of 1 . Seeing a 200 point spread. 18,450. Ed around the we are the opposite of that. Down. 4 of 1 and the nasdaq. 2 of 1 . With all this it is happening because of that september rate hike getting more on the table, looking at fed fund futures, it has risen by 10 points. The odds of that have been on the the yield twoyear and the 10 year. This is where we stand right now. Five aces winds up 8. 84 . Six basis points for the 10 year. It is having a Ripple Effect on the bloomberg dollar index. The dollar is rising right now against a basket of currencies. Up almost 1 , a really big changer. 1181 against a basket of currencies. This is the biggest gain the july 5. And on the the rising 1. 25 . Bonnie what were the individual moving quitewere apart from the symposium. First off apple right now is. 8