Carol and we hit the red carpet to celebrate the bloomberg 50. It is our annual list of those whose 2019 accomplishments stick out. Jason but first, the biggest ipo, saudi aramco. Shares surged to a market value of at their peak. 2 trillion carol a culmination of a fouryear effort from the kingdom. Talking about this, with a lot of questions. One thing to point out. Now it is publicly traded and it it is an ipo, a publicly held company, but only a small percentage, 1. 5 is out there in the public in terms of the company. Reporter the ipo has not turned out the way they expected it to happen. If you remember back to 2016 when they initially announced plans for the ipo, the plan was to sell as much as 5 of the company. What we really have to look at is what is the purpose of the ipo . It is seen as a means of diversifying saudi arabia away from its Oil Dependent economy, to raise money from International Investors and to deploy that on projects outside of the core energy industry. Valuat
I wanted to start with comcast. It is another story in the features section. What i loved about it is that it is kind of an old, stodgy Media Company that is transforming to the next generation. Joel this is a fun one. The son of the ceo, Tucker Roberts, is the guy leading the companys foray into esports. They are doing it in philadelphia, where the company has its roots, and they have even built a singleuse stadium for esports which is a crazy way you can really double down and try and make a big bet. But the question is, will it work . David another question has to be g. E. Betting on a new ceo. Market cap has been falling, what is the update on g. E. . Joel this is the most iconic american company, and it has hit every rung on the way down when last year it even fell out of the dow. The ceo came out of retirement to try to save the company. And it is really a question of, can he do it . It is the ultimate ceo test. The jury is still out. That is what we dug into. Taylor another stor
President trumps quote, andifferent about the law, she said quote, everybody in the country should be totally appalled about the president s remarks to abc news that he would take information from an opponent about a foreign power. Yesterday, the president gave us once again evidence that he does not know right from wrong. It is a very sad thing. Very sad that he does not know right from wrong. I believe that he has been involved in a criminal coverup, i have said that before, and our investigation is demonstrating that. The Mueller Report shows obstruction of justice in at least 10 perhaps 11 places. Leaderenate minority Chuck Schumer also weighed in calling the president s comments disgraceful. The u. S. Is urging chineseamericans from top Cancer Research positions. The fbi and the National Institutes of health are targeting Ethnic Chinese scientists, some of which are american citizens. All of this stems from an administration drive. Bloomberg businessweek looked at the case of a sc
Abigail we have gains for the andr averages, the s p 500 the nasdaq higher. Weekly gain for the s p 500 and the nasdaq, the best weekly gain since december of last year. The bullishness we saw last year in the s p 500 in 20 feet teen into 2018. Extending there is one small divergence or difference, that is the russell 2000, down ever so slightly. But on the week it is higher. There is a bit of the tax theme to the russell 2000. It has been a bit of a proxy for tax report, and one company is saying it will be hit by the tax cuts or tax reform, Deutsche Bank. A 1. 8 billion tax cut, the shares down 5. 9 . The real culprit behind this weakness is Deutsche Bank saying its fourthquarter trading revenue action activity down 22 . That is weighing on jpmorgan and Goldman Sachs, both of these big theirderive much of revenue from trading activity. We will continue to watch headlines around that. Speaking of passes, we will check in with some of those taxes, check in with some of these high Tax C
Carol we are here with megan murphy and lets a start with politics. I cant wait to see how the magazine handles the world of politics in this year. You start here in our home front. Mike pompeo has had a good year. Megan mike pompeo is the director of the cia and those names have been mentioned as a potential successor to rex tillerson. Our secretary of state has not had a good year and we will talk about his departure has cooled, there is a widespread feeling that his relationship with the president is not longterm. So mike pompeo has emerged as a personal favorite from the president. This means a lot to the president , who you get access to. His circle is very small and mike pompeo has become one of them. Julia how has he managed to cultivate that relationship with the president . One story that comes out is the daily briefings. How normal is it for the cia director to meet the president on a daily basis . Megan its more than that. How do they break down the information . A lot of pi