Such as a regulatory rollback. Critics say the report lacked rigorous analytical back in. At a news conference, three women who have accused President Trump of Sexual Misconduct called for a congressional investigation into his actions. Two of the women, jessica leads and rachel crookes, said mr. Trump made sexual contact with them without their consent. The third accuser says mr. Trump behaved inappropriately with contestants in the miss usa pageant. Thetrump has denied allegations since they were first reported ahead of the 2016 president ial election. Movie theaters are coming back to saudi arabia after a 35year absence. That is seen by the latest attempt by crown prince mohammad bin salman to reform the country. Saudis shutdown movie theaters in the 1980s as part of a wave of altra conservatism. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. Julia live from bloombergs World Headquarters in
Doesnt add up about this suddenly hot stock and why he says retail traders are making a horrendous mistake a bitcoin bust, sharp selling in the last hour, the cryptocurrency down 2,000, briefly below 17,000. You see our bug on our screen by coinbase we start with the tax cuts wall street has been waiting for, despite a slight delay, the house has to vote again. The nasdaq 100 the biggest decliner with amazon, facebook, netflix, and google all sinking. Will big tech be the loser when it comes to the seemingly imminent tax bill . Big tech, youve had a big run. Whether its microsoft, amazon, facebook, you name it. It doesnt hurt or help that we had some downgrades and some folks are talking a little more bearish about a name like facebook today its understandable that some of the tech is pulling back you had intel screaming to the upside so is tech going to get slammed because of this . I dont think so they will probably be affected, certainly, but not as affected as those that actually p
The market rally lets get to dom chu to give us a broader picture of what were seeing here. The whoopwhoops are happening all over the place, not just on the floor but across wall street and investing america because we are, again, at record highs for the overall stock market the best start to a year for the s p 500 since 2003 back then, it gained around 6 were at that 4. 5 , maybe close to 5 at this point. Check this out the s p 500 over the past week is up 1. 5 industrials, consumer discretionary, energy, financials, cyclical, economically sensitive the ones who do good in a rising economy. Those sectors are outperforming. Meanwhile, Interest Ratesensitive sectors like real estate, telecom, utilities, Consumer Staples are the market underperformers. As for the best performing stocks in the s p 500 and the worst ones, check this out because we have at least Seagate Technologies showing its going to be the best er performing stock so far on the Dow Jones Industrial average side, no sur
Heading south. Look at this. Interest rates, well, they have come down, way down from where they were this time yesterday, it was high Interest Rates that in part spark the selloff, now they are way down. Lets be clear on this tuesday february 6th, you will see nerve ramming ups and down. Maybe some perspective is required. Number one, nobody is forecast ing a recession. Number two, a pullback is in evitable after such a powerful and unbroken runup. Three, all of the gains from 2017 are intact, its just the gains of 2018 that weve lost at this point. Number four, as of now, stocks are cheaper than they were 24 hours ago but profits are still going up. Now you are going to be hearing a lot of noise from the left, they are eager to Society President trump with anything thats negative. Ignore it. They are grinding an ideological to beat up a president they cant stand, we will tell you exactly whats going on and theyll be some advice too, Varney Company is about to begin. Stuart well, talk
Invest in laborsaving is it not possible that improved wages themselves can help lead to improved product activity, which can create a virtual cycle with wage growth officer time yes, thats exactly what we hope is happening right now. So youre committing to keep your foot off the brake . When i was getting ready for this hearing, i went back and read something that you said in your very first year on the fomc committee. You noted you havent seen anything in the wage data yet to support that it struck me as interesting. It got me to thinking about my frustration, and how its been 2 1 2 years since he hit the supposed definition, yet it keeps dropping and the definition of full employment keeps chasing it it made me wonder, as it relates to what you said earlier, why dont we just use woo wage data to help define it. For a lodge time there was slack in the labor market. Weve reached the point where the risks are really twosided now. If we do get behind and the economy does overheat. If th