Goals aiming to double the amount of female employees globally over the next five years. My diversity seems to be the next why diversity seems to be the next problem big tex can solve. Ibm purchases redhat. Withas once synonymous mainframe computing. The company is playing catchup market leaders and Offering Software and services over the internet. Bloombergs david westin spoke to the leaders of both ibm and red hat earlier. I think, a lot of times people think everything is going to move to one public cloud. That is not what we see clients need, want, or are targeted to. Estate, like a house, i want to modernize it. Im going to put it where i want and im going to manage and secure all. Betweenthem a platform red hat and ibm, that runs on it and manageure it. That is a distinct capability and that is what i mean by the hyper cloud. Others talk it but they may just have a connection between their public cloud and private cloud. Youve got some other competitors out there in the cloud tha
Socks are in the green but they are off their session highs. The dow was up more than 250 points at one point. Now about 80 points lower. The s p hit a in record for the first time in more than seven weeks. Yes, kelly, it has been seven whole weeks. It was kind of fast come to think of it. Markets are reacting as President Trump comments on iran lets get the latest from eamon javers at the white house. Thats right. Earlier in the day, the president had sort f a belligerent sounding response. The president suggesting to reporters that youll soon find out what the u. S. Response would be tweeting out that iran made a big mistake here, but then in the oval office sitting alongside trudeau, the president said this. I find it hard to be it was intentional. If you want to know the truth. It could have been somebody who was loose and stupid that did it. Well be able to report back and youll understand exactly what happened, but it was a very foolish move the president many there suggesting it
The end of the day. The nasdaq earlier this week daysile, closing down two for the first time in 2018. Overall a bullish tone here. Up four basiseld, points. The havens bonds are selling off , completing a risk on picture. A team of strategist said bank of Americamerrill Lynch say the bonds selloff might be a little bit stretched. We are looking at the 10 year yield in relation to the 200 Day Moving Average, and it has gotten well above the 200 Day Moving Average by about 30 basis points. It tends to move back down to the mean then. So in other words, the 10 year yield might fall back down 2. 3 . In that case, bonds would be rallying and it would be a risk off tone. But today, risk on. Lets look at two of the major winners, intel and abby. Afterat its highest level beating estimates. They gained an optimistic outlook for the Current Quarter for the full year, and some relief for investors that the chip design flaw is not waiting into the forecast. , up 12. 9 k at abbvie after beating a
Rival, bill ackman. Not the best return on a short position. Julie irelands Prime Minister wonders exactly what Great Britain is looking for in brexit talks . Where we are confused and puzzled, what does the United Kingdom want with the European Union . Julie central bankers take center stage at jackson hole, and we sit down oneonone with two fed president s. I think you have to be careful on the estimates as opposed to the broader trends. I think we should be removing the accommodation, but it should be Done Gradually. Julie plus, a roundup of the weeks most intriguing earnings report. We had a very high quality set of results. We have to be patient, we know what our businesses are worth. Julie it is all straight ahead on bloomberg best. Julie hello, and welcome. Im julie hyman. This is bloomberg best. Your weekly review of important analysis from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. The week began with the major deal involving
In the world. Im convinced that the story helped me get the job at the post. American history tv all weekend every weekend only on former equifax ceo, richard smith, testified today before the House Financial Services committee. Its the fourth time hes been before lawmakers this week. Theyre looking into the equifax data breach, which exposed private information from nearly 146 Million People. All four hearings are available in our Video Library at cspan. Org. [ banging gavel ] the committee will come to order. Without objection, the chair is authorized to declare a recess of the committee at any time, and all members will have five legislative days within which to submit extraneous material to the chair for inclusion in the record. The hearing is entitled examining the equifax data breach. I now recognize myself for threeandahalf minutes to give an opening statement. September 7th, equifax announced what it called a, quote, Cyber Security incident at its business. That potentially aff