West. And its taking the reality tv world by storm. Bitcoino our lead facing something of an identity crisis. The developers released a Software Upgrade called bitcoin xp over the weekend designed to help bitcoin process more transaction as demand and activity go up. Supporters say without this upgrade, bitcoin will hit a bottleneck sometime next year. Even know there are plenty of a lot of the Bitcoin Community has already installed the upgrade. Our bloomberg reporter has been calling has been following this for us. I want to start with you what is bitcoin xp and why do developers see such a need for it . The whole Conversation Centers on how does bitcoin scale . Supporters would like to see it grow as big a platform as lisa. Happen, some of the technical terms have to change. Big a platform as visa. Some of them agree this technical trying technical changes necessary and this is the result. Emily why are you against this . Have two outlier programmers that dont have a phd there hasnt
That fly zone reportedly being set out because now that mr. Trumps president elect, he will be making visits backandforth between trump tower and the white house. A federal grand jury has indicted former u. S. Congressman aaron schock of illinois on 24 counts including wire fraud. 35yearold republican was under investigation after a spending scandal. Houseigned from the last year. A global news 24 hours a day powered by 2600 journalists and analysts in over 120 countries. This is bloomberg. We are 30 minutes from the close of trading. At life from bloomberg headquarters in new york. Im scarlet fu. It joe im joe weisenthal. Scarlet climbing to a new record, bonds are tumbling. Joe but the question is, what did you miss . Scarlet president obama and donald trump had their first meeting today. President obama says that if trump succeeds, the country succeeds. We will be speaking with the conical phillips chairman and ceo to ask how Trumps Energy plan will affect his industry. And is the r
Obama with relatively low ratings. What does he have to do to turn things around . He has to show energy. He has to show passion or the things he wants to do in the second term. There is a feeling of lethargy. He has had some setbacks. He needs to reading gauge and reenergize. And i think he will do that. The focus, we are told, will be on income inequality, which is very real. The critics say that it is derisive and that obama offers no solutions. Whether he offer solutions or not, you cannot ignore it. There are too many studies about it. Intentionen a lot of attention internationally. I think it would be bad to ignore it. We have to adjust that. We have got conservatives and liberals talking about it. They have different ways of addressing it. But clearly, there is a universal recognition. Could there be a consensus . I think there is always a chance. At that is always the question. How close can he get to finding Common Ground . , let me get the Common Ground in just a moment. Firs