His meeting on white house ground raise questions about his income. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Bloomberg aussie Bloomberg Technology is next. Anchor im cory johnson. This is Bloomberg Technology. Tesla gets a boost of cash after the chinese internet giant tencent by the state. Uber in the spotlight again him at this time by their own choice, coming out with their first ever city reports. First to our lead. A cash boost for tesla. Tencent spot a 5 stake in the company. As part of a round of investment the Company Announced they were going to borrow, but could there be a raised stake in the future . And tesla have no operation plans in the future, but that may change depending on how the ties develop. We start with you. What the heck is tencent thinking . Only they wont i what do they want out of a 5 stake . Guest they look for the Fastestgrowing Companies and make an inve
Netherlands, and germany. We are 30 minutes away from the end of the session. Falling in all of these countries now. The stoxx 600 was 1. 3 earlier higher. Going downward. This is the currency column. The pound is gaining for a second day. Initially yesterday, even ahead of the confirmation that trump had won the election, we had a the swiss franc, all rose as much as 2 yesterday but those losses were overturned. Money moving into the dollar which it is doing today. We are seeing all sorts of yields rising. Yield curves in germany and france and italy on the expectation that we will see quickening inflation, possibly in the u. S. More Interest Rates hikes. Commodities, look at gold. Down by three quarters of 1 . A busy day. The biggest 5 , gain since saturday. It is the biggest Engineering Company and reported higher Fourth Quarter Fourth Quarter cash it is announced plans to spin off its health care unit. Companyss chief executive, what he has been doing is shifting the company toward
I have always admired this institution which takes no federal funds. I was reading yesterday, and this i did not know, i didnt know you would ask that, i didnt prepare a statement but my wife showed me a literal group last night founded in 1844, i believe, and one of the first universities in america to admit black women. It is considered conservative but it is a good example of how, the best word i can use, is how twisted our vocabulary has been found. It was a conservative institution and the first to admit africanamericans and of course because that is what it stood for. You were human before you were a race, gender or class. I have this Organization Prager university which i founded 40 years ago and has a million views this year. We are trying to do fiveminute courses with the finest minds in america and the world, really. We are trying to undue the damage our universities are doing to be honest. We have a number of Hillsdale College professors or at folsom who will be on your show
He was host of the Dennis Prager radio show and cofounder of Dennis Prager university, he is the author of several bestsellers, his most recent books hope why the world needs American Values to triumph and the 10 commandments still the best moral code. Arthur Dennis Prager, why did we invite you to be with us . Guest i have a connection with hildale which is not professional or monetary or employment. My connection is of the heart and mind. I have always admired this institution which takes no federal funds. I was reading yesterday, i did not know you would ask that, did not prepare a statement, my wife showed me last night the literature of hillsdale. It was founded in 1844 and one of the first universities in america to admit black women. It is considered conservative. A good example of how twisted our vocabulary has become, too many people that will sound odd a conservative institution, one of the first to admit blacks and women. Conservatives stand for you are a human person before
Into the afternoon. The dow is remained the strongest performer. Rally remains is largely commodity. It you take a look at oil and gold, both trading higher. Theres not a lot of optimism on that. Were seeing crude get a lift. Gold also higher as the dollar turned lower. We seem to be seeing that inverse trade at play today. Take a look at at imax. Financials now in the top pot. Just in the past few moments. Technology also gaining there. Those are groups higher. Healthcare has been the big drag throughout the day. Of course, theres earnings. Dont ferc forget about earnings. Personal heres are some charts weve been looking at going into this earnings season. So called earnings recession. This is a trailing 12 month average change in earnings for the s p 500. This is turned negative. Its forecast earnings for s p 500 companies will fall by 10 in the season for the 1st quarter. Speaking of alcoa, those shares are strong going into that report. Up by more than 4 . We have a seen a lift in