Showing theres around £2 billion less to spend than previously thought. And thats previously thought. And thats after britain was confirmed to have slipped into a recession at the end of last year. Well, speaking to gb news earlier this morning, said his morning, jeremy hunt said his budget deliver better value budget will deliver better value for taxpayers. It is wrong to say that we should be putting more money into the Public Sector, fewer Civil Servants to be more productive , correct. Be more productive, correct. You want fewer people to do more. I think weve got to stop always looking at the inputs and always looking at the inputs and always saying that the way to get public to get Better Public Services is to spend more and actually ask if we could be more efficient. We could be more efficient. Those who preach hate could be blocked from entering britain. Thats under plans being considered by the government. Reports suggested government. Reports suggested that current powers co
Peace process. The president s announcement could have serious ripple effects on the world even the pope is weighing in recognition of jerusalem is the news from the president of the United States. This marks a departer from democratic demonstrations of the past here they continued to keep the embassy in tel aviv not moving into the touchy question of what the status of jerusalem ought to be the administration will not move to jerusalem immediately they said the process will be kicked off by the president of the United States. It could take some period of time, possibly years before an embassy is built in jerusalem and the site located and security put in place and the Embassy Opens and begins functioning in jerusalem the president is expected to recognize that it is the capital and that is expected to touch off reaction among palestinians who very much view East Jerusalem as the capital of a palestinian state. We will see what the president has to say here at the white house in a coup
People, we will deport people, we will find a way around it. Of the the u. K. Is out european union, it will end the automatic right of people for the 27 nation bloc to live and work there. The Trump Administration has imposed a new round of sanctions on north korea over its weapons program. New penalties target the oil industry in north korea and shipping company and also people and entities in russia and china accused of supporting north korea. Global news 24 hours a day, powered by more than 2700 journalist and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Nuven in new york and 5 00 p. M. In london and 1 00 a. M. In hong kong. I am vonnie quinn. Shery and i am shery ahn. Welcome to bloomberg markets. Vonnie from bloomberg world had coders in new york world , herearters in new york other top stories, a group of republican senators leading a charge to permanently ban your marks. We will spend states to speak to mike lee. Are we in for a big letdown, we wi
Slightly higher. At the low, down more than 100 points. All on pace for the worst day of the year. That is only true for the tech heavy nasdaq. Really weighing on the nasdaq, the Philadelphia Semiconductor index down 2. 4 . Still on pace for his worst day since december 4 of last year. Lets dig into one stock weighing them all down. Apple down 1. 6 . Its worst day of the year. This appears to have to do it to death and analysts. Jpmorgan is cutting the estimate, Sales Estimates for 2018. That is based on deteriorating iphone demand. We also have bernstein saying the iphone estimates for the march quarter, the street is looking at it right now, and it may be too high. It is interesting to see when the Company Reports what does come up. Broadcom trading lower in 70. Lets look at some of the homebuilders. We have some weakness here. D. R. Horton, all lower after existing home sales for the month of december missed the survey a little bit. Daca have to do it tax reform. Investors not likin
That is prosperous, open to the world, but capable of recognizing and standing alongside those who have been forgotten and left behind by global initiatives. Mark he also conceded that the main challenge is to help prove that globalization is more fair to middle and working class families. Puerto rico, bracing for a wave of home foreclosures. Hundreds of thousands were granted a threemonth stay following hurricane maria. The majority of those expire this month. Officials say that many residents cannot hate what they oh. More than 30 of the island still does not have power. Global news, 24 hours a day, powered by 2700 journalists and analysts in over 120 countries. Im mark crumpton, this is bloomberg. Julie live from new york, im julie hyman. Scarlet im scarlet fu. Joe and im joe weisenthal. Julie assets are posting is the biggest decline in the major averages. Joe but the question is, whatd you miss . Scarlet Steve Mnuchins endorsement of a weaker dollar to boost exports set the curren