Into the market. And there he was. The man known as the god father says the market is setting the stage for a vigorous rally. Ralph acampora will explain why. Goldman sachs has been the big winner since the election. The banks ties to what is being described as one of the largest financial flaws in history could be a red flag for investors. We have details on the important story coming up. And a survey says economists are skeptical of president elect trumps growth plan. Billionaire carl icahn appeared on Halftime Report earlier today. Hope you saw that great interview. He is concerned that the money going into the market right now is coming from people who just dont study the market. There is a lack of stock for sale. Yet on the buy side from what i consider a lot of investors that really dont study the market. They are giving it to people, giving it to a buyer of etf. They tell you the goal is to buy through a black box. There is nobody deciding is this a good stock. Can you decide if
Our road map this morning begins with the market moving on comments from trump on pharma, defense, automakers, what the News Conference meant for investors. Plus, trumps ally in the valley, peter thiel on the president elect with comments on apple and the stock market as well. Speaking of apple, new report the company is planning a significant move into original content. We will fill you in. First up though, futures moving lower a day after the nasdaq hit that record high. It was a rough day for biotech after shot heard around the pharma world delivered by the president elect at his News Conference yesterday. Our drug industry has been disastrous. Theyre leaving left and right. They supply our drugs, but they dont make them here. Theyre getting away with murder. Pharma, pharma has a lot of lobbyis lobbyists, a lot of lobbyists and a lot of power. Theres very little bidding on drugs. Were the largest buyer of drugs in the world and yet we dont bid properly. Were going to start bidding a
At emmanuel ame church. Hes representing himself in the trial. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im Christine Harvey. This is bloomberg and Bloomberg Technology is next. Emily im emily chang and mrs. Bloomberg technology. There may be dark clouds over start a plant, but two of techs top startup sites are joining forces. Our exclusive with carlos slim, mexicos richest man lays out his views on donald trump, mexico, and the biggest threat to his telecom empire. After lagging a navigation, apple get serious about taking on google maps and enlists that cups. We will explain. First, to our lead. Two of the coolest kids in Silicon Valley startup scene are set to get together. Website that a young Tech Startups used to raise money from investors, and product hunt is a popular site for entrepreneurs. Product already counted angel lists ceo among bigname investors. The terms of the deal were not disclosed. Joining us is fo
At emmanuel ame church. Hes representing himself in the trial. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im Christine Harvey. This is bloomberg and Bloomberg Technology is next. Emily im emily chang and mrs. Bloomberg technology. There may be dark clouds over start a plant, but two of techs top startup sites are joining forces. Our exclusive with carlos slim, mexicos richest man lays out his views on donald trump, mexico, and the biggest threat to his telecom empire. After lagging a navigation, apple get serious about taking on google maps and enlists that cups. We will explain. First, to our lead. Two of the coolest kids in Silicon Valley startup scene are set to get together. Website that a young Tech Startups used to raise money from investors, and product hunt is a popular site for entrepreneurs. Product already counted angel lists ceo among bigname investors. The terms of the deal were not disclosed. Joining us is fo
Thailands first new monarch in seven decades. He will be known as global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. This is what we are seeing in the afternoon session in asia. A lot of gains getting given back amidst concerns of u. S. Payroll members as the italian referendum adds more risks on the horizon this weekend. This is bloomberg. Emily i am emily chang and this is bloomberg technology, coming up, dark clouds over start of land. Well speak to ryan hoover and mexicossive with richest man lays out his views on donald trump. Mexico and the biggest threat to his telecom empire. After lagging in that navigation, apple gets serious about taking on google maps and in list backup from above and lists backup from above. Angellist is buying products and shop. Ate a one stop they use that to raise money from investors and product hunt is a popular site from entrepreneurs. It had already counted angellist s ceo a