Good morning and welcome to squawk alley. Carl and jocn have the week off. They will be back though joining us this morning as well, walter isaacson. Nice to have him this morning. And a lot to talk about. More red flags for facebook, twitter and other social flat forms. For example this time for former president barack obama in an interview with prince harry, obama warned against the irresponsible use of social media. Take a listen. The dangers of the internet is that people can have entirely different realities. They can be just cocooned in information that reinforces their current biases the truth is that on the internet, everything is simplified and when you meet people facetoface, it turns out they are complicated. People are comply it ca llic apparently thats what we hear. Twitter and social media and facebook and Everything Else, the question is about regulatory in particular sort of come to mind, not to mention of course the meddling by the rush shacsin the election in 2016 and
First Lady Michelle obama. The current first lady, melania trump, garnered 1 of the vote. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Cory this is Bloomberg Technology. Successp, big tech, big in 2017. The headwinds in the coming year. We will discuss. Among the top cryptocurrencies of the year, it is breaking out from bitcoin. The ceo, brad garlinghouse. A look back at tech leaders who helped shape 2017. Satya nadella, Sheryl Sandberg, and first, our lede. Bigcap tech holding on historic gains thanks to record profits, a solid user base, and promising user growth. Big gains for the biggest names in technology, but a big tech reckoning could come in 2018. Here to wrap this up, a man who casts his own shadow, james cakmak. Good to see you, as always. Its interesting. I love the way you have covered these companies. You are at a lot of these very big companies, but with a skeptical eye. Some of the tough issues we have seen
For the 2018 legislative agenda. In jerusalem, plans are underway for a new train station next to the western wall, and it could be named for President Trump. Israel transportation minister says the move will be a thank you to President Trump for recognizing jerusalem as israels capital. Former president obama and Hillary Clinton remained the most admired men and women among americans. Mr. Obama beat out the current president 17 to 14 . Pope francis rounds out the top three. Hillary clinton is on top of the womens list for the 16th straight year, edging former first Lady Michelle obama. The current first lady, melania trump, garnered 1 of the vote. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Cory this is bloomberg technology. Coming up, big tech, big success in 2017. The headwinds in the coming year. We will discuss. Among the top cryptocurrencies of the year, it is breaking out from bitcoin. The ceo, brad garlinghouse. A
Lowered iphone x shipment projections for the next quarter, citing weak demand late in the holiday season. Iphone sales have declined by 10 Million Units next quarter. Other analysts cite the iphones high price and a lack of groundbreaking innovations. We talked about that to Bloomberg Technologys alex webb. Alex the iphone x was released six weeks after the iphone 8. And so there was a fear that maybe if they got too close to the release date of samsungs next highend smartphone which will probably come in march, there would not be enough demand to sustain the demand they otherwise have to get. Cory competition is another part of this . Alex exactly. Particularly in china, a lot of the local manufacturers are coming out with products now, which have a better price point than what apple is able to offer, but have similar very features. Nobody quite yet has the Face Identification or the sensor that the iphone has. Some of these analysts were writing earlier today, that has not been enou
Favorite firewater. To show you that demand is not necessarily coming from me. Bank of korea out with its Rate Decision as expected by all economists. Charge unchanged. Certainly, Monetary Policy heading towards the tightening trajectory. We will try to get more details. This is the second to last meeting for the current government. Clearly, the bank of korea is very much monitoring the effects of that rate rise in november. Juggling these issues including the Household Debt situation which is pretty severe when it comes to south korea. , inbank of korea on hold the meantime, asian shares following the leader. Fresh record highs when it comes to the asian session. Lets get over to the markets. Sophie is taking a look at the party. Sophie yes, the party is back on. We have data from china. Just have the korean won fluctuating below that 1070 mark which abridged earlier in the session given the rise that we have been seeing in the greenback. The cosby is heading higher today. Take a look