Concord and its around 42, and widely scattered showers embedded in that. Some will pick up and well have afternoon heating and thunderstorms are possible as well. 6 00 in the morning and sal tells us. Its getting more crowded, however. Were not out of bounds like we were earlier this week today. Were having a decent commute at the bay bridge which is one of the busiest commutes. Traffic at the bay bridge will be okay. A 24 minute drive from the carquinez bridge to here and the carpool lanes are doing well. This is a typical commute. I want to go to the east bay and look at some of these commutes here, its getting crowded approaching 880 heading south. Its been a nice drive in san jose. Northbound 101 the only traffic im seeing at the road sensors, im approaching a couple of things here. Minor accidents northbound 101 at the airport. 6 02, lets go to the desk. Governor brown will deliver the final state of the state address at 10 00 this morning. This will be the 16th safety of the sta
First, to our lead. We had a slew of big tech earnings this week, and getting the attention was apple. I traveled to their new headquarters in california on thursday to sit down with tim cook after earnings were released. We went through some of the main takeaways. It sounds solid to me. When you look at a device like this, it is incredibly sophisticated. It is at a higher price point. When you consider the replacement cycles for consumers are slowing, i think it is a very strong number. While people like to talk about the high price point might deter consumers from upgrading, you have to keep in mind it is a total cost of service. The hardware isnt the biggest chunk of the service. Emily we also talked about the performance of the iphone x in china. There has been concern that the price was too high. I asked cook about that, he told me, in china, the top five selling smartphones, everyone is the iphone. This same situation in the u. S. , japan, the top six out of seven smartphones or
Us put this into some perspective, our Senior Market commentator mark santolli. You have the two day shakeout that is not yet undone last weeks rally you kind of gone up so far in a Straight Line and everybody acknowledged that the market itself is very extended to the upside sentiment is way too bullish you needed some kind of a rest i think youve had convenient headlines to come in there and grasp on to, whether it is apple on iphone demand they say okay maybe its time wlachlt is interesting is a lot of people pointing to this month end idea of rotating from stocks into bonds bonds dont have a very strong bid right now. Yields are not going up much anymore. But theyre just sitting there so i dont know if its just that or if its just kind of time for a reset and a rest of sentiment. Does it make you worry about february it makes you acknowledge that february is smimdzometimes a gi back month i think that brings it pretty much front of mind right now i think if you look back to august,
At 1130 there will be voting whether to limit debate on the 2018 defense spending bill. Public funding runs out at midnight. Later the senate is expected to take up a six week extension. Live now to the floor of the senate. The presiding officer the senate will come to order. The chaplain dr. Barry black will lead the senate in prayer. The chaplain let us pray. Eternal spirit, our lamp and light, we praise your holy name. Lord, you are our strength and shield, enabling us to be surefooted even when standing on mountain heights. Stay with our lawmakers, support them with your mighty hand, and keep their feet from slipping. Enable our senators to one day stand before your presence with great joy. Show them your greatness until the things of earth grow strangely dim in the light of your glory and grace. We pray in your majestic name. Amen. The presiding officer please join me in reciting the pledge of allegiance to the flag. I pledge allegiance to the flag of the United States of america,
That sent an alert for an incoming missile, global news 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. Im Alisa Parenti and this is bloomberg. Emily im emily chang and this is bloomberg technology. Coming up, apple under pressure. Reports of leaked iphone x sales and a new u. S. Department of justice probe. The new alliance take aims at health care. Jpmorgan and join forces. Onebook cross the lines running cryptocurrency promotions on its platform here it the selloff continues for u. S. Stocks with most declines since august. A u. S. Rate decision, the president s address to congress in the state of the union, lets bring in cory johnson in new york. Walk us through the highlights today. Y there are a lot of the factors that lead to a market selloff. It is such that the baby in the bathwater all go together, but there are interesting developments in the world of tech and i think most important, one of the reasons for people to sell stocks was t