Want to use momentum from their tax bill victory to take on welfare. Paul ryan says 2018 is a chance as a chance to reshape the safety net for the poor and disabled. He also wants to change food stamps and medicaid programs. In Southern California firefighters doused hotspots. ,winds increased that could whip up embers and flareups. A huge fire still smoldering northwest of los angeles. Officials say the blazes 60 contained and now the second largest in california history. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti, this is bloomberg. Bloomberg technology with emily chang is next. Emily i am emily chang and this is bloomberg technology. Coming up, we take a look at a big year in consumer tech, from google to amazon to apple. What worked, what did not and what is worth your money . Plus, we discussed facebooks role on the platform for political propaganda. Is the social network overstepping by helping usero
Records for the three last week. We settle back once again. The gains we have seen were not dramatic ones. It has been slow and incremental progress. Volatility continues to be very low as well. Take a look at the bloomberg. We have vix and yellow and a correlation between stocks in the s p 500. This is something that has been a part of the conversation about low volatility that we were not seeing much correlation between stocks. That was one of the things that was tied in with volatility being low. Correlation appears to have bottomed, at least for the short term, and is going back up to stock movements are a little more tightly correlated we will see if that is indeed a precursor to the vix rebounding at all. In terms of what is moving, to some extent we have strength and financials. Not a future amount, but enough to offset some of the losses we are seeing in drugmakers, for example. Jpmorgan, citigroup, and bank of america are trading higher, along with a bump up in rights, after a
Records for the three last week. We settle back once again. The gains we have seen were not dramatic ones. It has been slow and incremental progress. Volatility continues to be very low as well. Take a look at the bloomberg. We have vix and yellow and a correlation between stocks in the s p 500. This is something that has been a part of the conversation about low volatility that we were not seeing much correlation between stocks. That was one of the things that was tied in with volatility being low. Correlation appears to have bottomed, at least for the short term, and is going back up to stock movements are a little more tightly correlated we will see if that is indeed a precursor to the vix rebounding at all. In terms of what is moving, to some extent we have strength and financials. Not a future amount, but enough to offset some of the losses we are seeing in drugmakers, for example. Jpmorgan, citigroup, and bank of america are trading higher, along with a bump up in rights, after a
Records for the three last week. We settle back once again. The gains we have seen were not dramatic ones. It has been slow and incremental progress. Volatility continues to be very low as well. Take a look at the bloomberg. We have vix and yellow and a correlation between stocks in the s p 500. This is something that has been a part of the conversation about low volatility that we were not seeing much correlation between stocks. That was one of the things that was tied in with volatility being low. Correlation appears to have bottomed, at least for the short term, and is going back up to stock movements are a little more tightly correlated we will see if that is indeed a precursor to the vix rebounding at all. In terms of what is moving, to some extent we have strength and financials. Not a future amount, but enough to offset some of the losses we are seeing in drugmakers, for example. Jpmorgan, citigroup, and bank of america are trading higher, along with a bump up in rights, after a
, ruraloing the poor voters with a promise of tax cuts. Haveout 30 minutes, we china. Closing the gain for the Lunar New Year holiday. Also, coming on stream at the bottom of the hour. Kuala lumpur and taipei have started their session. Attempted start for asia and mixedx picture a picture across the region. We have what is going on from the economic data. On. A look at what is going we got a trade balance number this morning. We have shares rising for a second day in sydney. Givening up here Inflation Numbers that we saw this morning. We had glencore Trading Halted this morning pending of fullyear output report. Look. Take a high. An at a threeday most sincea rose the two any 12 2012. Lets take a look at the aussie as well. A bit of chart resistance going towards the 77 area. Not much reaction in the bond curve. P thispull of this u chart to show you the trade balance. You can see this in green on the far right of the screen. That is the surplus that we saw. Have of 25 economists proj