Good afternoon. Welcome to the Heritage Foundation and the Louis Lehrman auditorium. Welcome to those that join us on the website on all of these occasions and for those here in the house we would ask a courtesy check to see that the various mobile devices have been silenced or turned off and for those watching online youre welcome to send comments anytime by emailing the speaker. Leading the conversation this afternoon is David Perkins senior fellow for Economic Policy at the institute for economic freedom. Before joining heritage he served as the general counsel witgeneral counselwith the natis association and seven chief Financial Officer and general counsel of the alliance for retirement prosperity and was a part or at the growth of Public Policy and government relations. Please join me in welcoming david. [applause] thank you for coming. Its my pleasure to introduce to you the commissioner michael buehler. He was appointed to the securities and Exchange Commission by president oba
A stinging attack on londons brexit preparations. How close to the mark are his comments . Well talk about all of those issues. Lets talk about where the markets are now. The nikkei out of the gate this morning, playing catch up by 2. 5 . Keep an eye on that. Really interesting story. Were watching whats happening with whole milk. Were talking about whole milk. The reason im talking about that is it has had an impact on the kiwi this morning. The yen is down by. 2 . The others a little bit higher. Were watching the continuation of the story. Plus oil prices. A quick indication where equities are going to go today. We think well see a positive session. Lets get a first word update. Guy, thank you. Britains Prime Minister needs to be told the uncomfortable truth about the difficultiesor negotiating brexit. Thats according to theresa mays former envoy to european union. He quit as the u. K. s permanent representative to the e. U. Yesterday and urged british officials working in brussels t
Globalization. Business leaders in davos brace for a new world order under trump, with you the boss of wpp tells us its a win some lose some situation. What you gain on the u. S. Roundabouts you lose on the global swings. He is good for the u. S. Economy. Big business is not innocent. The bosses of alphabet, Credit Suisse, wpp telling cnbc that globalization must work for everyone amid a rise in inequality. The plan is to make sure that globalization works for everybody. We start with collaboration in our products but we also think about the importance of collaboration because we have to ensure everyone benefits from technology. Welcome. Youre watching street signs. Were live once again from the World Economic forum in davos in the beautiful swiss alps. Not quite as cold as yesterday, but throughout the day well get a lot of cool stuff for you. Its a jam packed day. A jam packed show for you, but we have it all covered for you. Today we have the speech of the first ever chinese preside
For government to invoke the article 50 notification, something may said she would not do this year. Global news for hours a day powered by more than 2600 journalists and analysts in more than 120 countries. Bloomberg west is next. Emily im emily chang and this is bloomberg west. Paradeh earnings continues. We will break down earnings from intel and other heavy hitters. And all of branch extended any brutal rideshare is this in china. And spotify pumps up the jam. We will break down the news of an upcoming ipo with the bloomberg reporter who broke this story. Intel reporting earnings that slightly beat analyst estimates. Shares dipping in afterhours trading as much as 3 . The Company Reported revenue of 30 teen. 5 ilion dollars. Net profit of 1. 3 billion, down 51 . The key number to watch is the Data Center Business and the challenges intel is seeing there. We will be breaking down all the numbers, but first i want to hear from stacy smith, the intel cfo. Stacy relative to the second
14 million in cash. Stock is jumping on the news. Viacom saga is ending. Philippe dauman out as ceo and kobe bryant can add Venture Capital to his resume. He will join us later this hour. Futures in Oil Moving Lower with Interest Rates and Janet Yellens upcoming jackson hole speech on the minds of investors a long way between here and friday, jim, but enough to keep us busy. There is actually a lot of corporate earnings. We just did nothing that people that jumps out at people. I look at workday, pvs, incredibly strong, and i am concerned that we are going the undercurrent is going to be oil going down because you mentioned iraq and there really wasnt anything fundamental. I watched Oil Last Week and said, give me a break. I mean theres just the glut has increased, the rig count increased. Its up to near 50 in the oil spigot just turns. I think were kind of in no mans land. Remember, there are not a lot of players. Not a lot of players. Yeah. In terms of producers. Well, we also when w