President trump says the resignation of highprofile democratic lobbyist tony podesta is bigger news than the manafort indictment. Podesta is stepping down from his powerhouse firm after coming under investigation. Another highprofile elected republican official plans to bow out after his current term. Texas house representative jeb says he will not take the election next year. Because called serving the u. S. Congress the greatest privilege of his life. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Emily im emily chang, and this is bloomberg technology. Coming up, capitol hill mea culpa. Facebook and twitter and google testimonies in washington. Lawyers from each tech giant answer questions on what one senator calls the National Security question of the 21st century. Plus, apple and qualcomms legal battle takes another nasty turn. We consider the beef from both sides and the implications for future iphones a
Polluting companies. The separatist leader has been summoned to court on suspicion of sedition, which could see him jailed for 30 years. Hes currently in brussels saying he wants to plead catalonias case to e. U. Leaders. He said he would only return to spain madrid guarantees him a fair trial. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. ,ake a look now at the markets trading just getting underway in hong kong and china. The markets generally starting the month on a positive note, and a look at tokyo, sydney, and singapore. This is bloomberg. Im emily chang in this is bloomberg technology. A deep dive on facebook, google, and twitter, testimony in washington. Each tech giant answer questions on what general called the National Security question of the 21st century. Plus apple and qualcomms legal battle takes another nasty turn. We consider the beef from both sides and the implications for future iphones
Prosecutors will need three weeks of trial to present their case against x Trump Campaign officials, Paul Manafort and rick gates. They have pleaded not guilty to charges they violated federal monday Money Laundering and lobbying laws. They were placed on house arrest and released on multimillion dollar bonds. Areecutors in south africa trying to convince a court to double the prison sentence for oscar pistorius. Told the court that it overemphasized the olympians the disability. He was sentenced to six years in prison for the 2013 murder of his girlfriend. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Julia live from bloombergs World Headquarters in new york, i am julia chatterley. Scarlet i am scarlet fu. Joe i am joe weisenthal. Heading for the longest weekly gain since 2013. What you miss . The labor market is back from the hurricane effect. Michael feroli for the analysis. Congress came
4 buiillion in wealth managemen. Our markets business on the debt side, even relative to the last First Quarter last year, were up more than 10 . In equities, substantial improvement over the Fourth Quarter of last year. The only business which is slightly down is our Transaction Banking business. But thats a function of the fact that we have exited a number of countries and also exited a number of highrisk clients. Let us especially talk about clients. You are saying in that letter to employees that clients are coming back. Are clients reassured about the stability of deutsche . When you look at the performance q1 number, we are north of 14 . Thats a very Strong Capital position from which were coming. The funding position of the bank has substantially improved. We now are able to talk to our clients based on a completely different starting point. And we see that reflected. Many people came back when they heard about the settlement with the department of justice. And there was kind of
The economy are most at risk if there is a trade war. And companies warning last months global cyber attack is actually having an impact on their financials weve got the details on which companies are being hit. Meanwhile, can a superhero save the Summer Box Office season in the new superman movie is out today well tell you whats riding on that film and an analyst who says exposure to movies is a risk for some media companies. Well tell you which ones. Spiderman versus wonder woman and the fight for the box office. So far so far wonder woman go the is dominating bigtime this summer and our not surprised . No, about time we had a female superhero start with stocks moving higher on the back of todays jobs number. The junes job report may have come in much stronger than expected but the Federal Reserve is expressing some concerns about wage growth right now. Ylan mui, another super woman. The fed flagged the problem in the Monetary Policy report to congress which was released ahead of yel