First we start off with a battle for the ages netflix soaring to an all time high after an Earnings Report. Facebook and amazon trading at an all time high very different story for bank stocks Goldman Sachs and bank of america following the foot steps of their peers and dropping. The question is do you buy this dip in the bank stocks or stick with the winners which is tech stocks i think you have to where your looking yeartodate or one year performance . That tells a bigger story that were looking at right now if you look at tech, obviously the runaway leader if you look at financials versus tech on a year ago basis financials are up 32 . I dont think anybody knows they beat tech on a year ago basis because of the pop coming out of the election so its not as if they really lagged fms, that is. So i do believe you buy tech now. As the underperformer to the financials because netflix reported up 10 . Its a tough trade. What steve is talking about yearonyear basis its up we have a lot of
Burgess of texas talks about efforts to repeal and replace the Affordable Care act. Hosted by the American Enterprise institute, this is two hours. Okay. Okay. I want to thank everyone for attending this event today. Im joe antos, the wilson had h. Taylor scholar for Health Care Retirement policy at the American Enterprise institute. On behalf of aei, the Brookings Institution and the Pacific Business group on health, i want to welcome everyone here and everyone watching remotely including those who are watching cspan to todays conference. Were going to discuss High Quality Health Care that is available for patients, employers and taxpayers. This is a critical topic for government poll he icymaker spo. The recent election highlighted the disagreements among many people in this country about what is the best way for government to proceed in this area. And obviously changes are coming. The expansion of Health Insurance coverage under the aca has come at a steep price and the Incoming Adm
Business news live from singapore. Donald trump and Vladimir Putin speak. Are we about to see big changes in us russian Business Negotiations . And fashion. What leads some asian parents to spend thousands good morning, asia. Hello, world. Welcome to Asia Business report. Its a monday. Us president Donald Trumps Immigration Policy has nominated the headlines this weekend. But he also had a Phone Conversation with the russian president , Vladimir Putin, aimed at clawing the frosty relationship. Thrawing. They did not discuss lifting sanctions, apparently. Earlier, i spoke with someone to see if the sanctions have had a major impact on russia. International trade has dropped down from 25 . That is like 136 billion, quite damaging. As a result of the sanctions, has this drawn russia into the arms of other trading nations like china and countries here in asia, for example . With china, it is actually a very big front for international trade. 0ver 90 Billion Us Dollars in trade and import.
Entering anstry is era of mega consolidation. A quick look at what is going on market wise. A mixed back in the asian pacific. Shanghai moving to the downside. Tokyo, lets take a look at that. Closinga just about half a percent up. Cory this is bloomberg technology. A disturbance in the force at disney. We will break down the First Quarter earnings. Twitter crackdown on hate and harassment. And meeting the makers. We are live from the toys 17 makers conference and we have Tim Armstrong and susan lyne. First, disney shares dipping after hours. The company reporting its firstquarter shares fell short of estimates. Revenues shrank 3 yearoveryear. They saw 3 billion of profit decline. Espn had a lower viewership. It dragged down the result of the cable operations. Theme stocks were a bright spot and were 13 higher than one year ago. Joining us is paul sweeney, our intelligence director. I just got off of bloomberg radio, and the take was the numbers werent terrible but not superstrong. Pau
My friends and White House Council know that i have this view. It is thats what bush did. It is intended. It is intended to well i think that thats not sufficient particul particularly its not much of constraint. I think theres a Real Advantage in having legal advice come from the attorney general i spent three months in the white house before going to the justice department. I athink its a very difficult decision to make. And but the department of justice has an on going institutional responsibility and i think to have the office, to put the best lawyer, i would put or cliff, i wouldnt put them as head of llc. This is a bit to be no disrespect from the individual. I think the institutional arrangements that make that into play. I felt good. I had a white house player. So im every other day i went to the white house and went from office to office and said what are you doing that youre not telling me about that i need to know. But i think thats where you need to center the authority, th