Host welcome to bloomberg daybreak australia. We are counting down to asias major market opens. The top stories this hour. Asia sat for a lower open after wall street fades at the close. The dow jones retreating from the 40,000 level. Host jamie dimon sounding on alarm when it comes to lingering Inflationary Forces telling us the chances for a hard landing are higher than markets thank. Host and a busy friday in china with highlevel talks on the property sector. A third sale of special bonds and april Economic Data that may show a modest improvement. Host we do have south korean jobs crossing the bloomberg. We see the Unemployment Rate for april sticking to two point 8 . The expectations from economists were two point 8 and it is unchanged from the previous month. We were expecting potentially more of a softness. Up to 2. 9 percent. We did see level force participation increasing. But the jobless rate levels around this level are below the postpandemic average of 3. 3 . Bloomberg econo
I am Katie Greifeld in new york. Welcome to Bloomberg Markets. It is a down day in markets right now. Take a look at the s p 500, down about. 4 . Even more so if you take a look at big tech. April was the worst month of 2024 and 30 minutes into the trading session, it does not look too high. I put bitcoin up just for fun because digital gold is not doing so hot right now. We are below 60,000 but we do want to get to some breaking data crossing the terminal right now. Mike mckee has all the details. Mike we have some numbers making the fed bank, what is going on here . Contraction territory. The forecast was down from 50. 3, so a much bigger drop than anticipated. This is not good news for the fed. We are seeing a resurgence in inflation, in the manufacturing area. The employment number goes to 48. 6, slightly higher from 47 point four, but it is still below contraction. We do see another decline in job openings. So, at this point, we are seeing fewer job openings and fewer people quitt
Judiciary subcommittee on privacy, technology and the law is about 2 hours and 20 minutes. The hearing of our subcommittee on privacy, technology, and the law will come to order. I want to welcome our witnesses, the audience who are here, and say a particular thanks to senator schumer who has been very supportive and interested in what we are doing here and also to chairman durbin whose support has been invaluable in encouraging us to go forward here. I have been grateful to my partner in this effort, senator hawley and i produced a framework basically, a blueprint for a path forward to achieve legislation. Our interest is in legislation. This hearing along with the two previous ones has to be seen as a means to that end. We are very result oriented. I know you are from your testimony. I have been enormously encouraged and emboldened by the response so far, just in the past few days and my conversations with leaders in the industry like mr. Smith, there is a deep appetite, hunger for r
Buckeye broadband support cspan as a Public Service along with these other Television Providers giving you a front row seat to democracy. Microsoft president brad smith testified on ways to regulate Artificial Intelligence which he joined other witnesses to discuss transparency laws and the idea of labeling products like images and videos as being made by ai. This hearing before the Senate Judiciary subcommittee on privacy, technology and the law is about 2 hours and 20 minutes. The hearing of our subcommittee on privacy, technology, and the law will come to order. I want to welcome our witnesses, the audience who are here, and say a particular thanks to senator schumer who has been very supportive and interested in what we are doing here and also to chairman durbin whose support has been invaluable in encouraging us to go forward here. I have been grateful to my partner in this effort, senator hawley and i produced a framework basically, a blueprint for a path forward to achieve legis
Buckeye broadband support cspan as a Public Service along with these other Television Providers giving you a front row seat to democracy. Microsoft president brad smith testified on ways to regulate Artificial Intelligence which he joined other witnesses to discuss transparency laws and the idea of labeling products like images and videos as being made by ai. This hearing before the Senate Judiciary subcommittee on privacy, technology and the law is about 2 hours and 20 minutes. The hearing of our subcommittee on privacy, technology, and the law will come to order. I want to welcome our witnesses, the audience who are here, and say a particular thanks to senator schumer who has been very supportive and interested in what we are doing here and also to chairman durbin whose support has been invaluable in encouraging us to go forward here. I have been grateful to my partner in this effort, senator hawley and i produced a framework basically, a blueprint for a path forward to achieve legis