Awaiting janet yellen at 2 00. Plus, trump versus the house gop or not, two days until the inauguration and the president elect now suggesting that the border tax could be back. Trouble at target, Retail Stocks moving lower after target cuts its outlook on weak holiday sales. But stocks are looking to rebound one day after the dow and nasdaq each posted their lowest closes of the new year. Wall street digesting Bank Earnings today, citi beats on bottom line but misses on revenue, goldman exceeds consensus estimates. Stay tuned for exclusives with Goldman Lloyd blankfein and j. P. Morgan jamie dimon. Thats coming up later today on squawk on the street. Jim, you tweeted earlier today nothing is good enough mode on the fins. Yeah, look, these stocks ran a great deal and i thought the goldman quarter was exceptional. My travel strus owns this next one, if you adjust revenue for citi for international because they have a Huge International business, if you adjust for the dollar turns out th
Lawmakers have begun debating whether to approve the government plans for leaving the eu. Davies says any rejection of the timetable would destroy public trust in politicians. The Supreme Court could order Prime Minister may to seek parliamentary approval for her plan. Global news 24 hours a day, powered by 2600 journalists and analysts in more than 120 countries around the world. You are watching bloomberg. Lets get a check of the Market Action right now. We are seeing hong kong with afternoon trading, down. 7 . Playing catch up to the Global Equities sell of, despite the fact that other benchmarks in asia are seeing a rebound. Caroline i am Caroline Hyde and this is bloomberg technology. Apple sales are at an alltime high. We will crunch the best ever revenue quarter for the tech giant. The ceo breaks down the most ambitious move yet in a bloomberg exclusive interview. Tech rebellion against the travel ban. We will break down a potential thecon valley plan with pipeline to challenge
How Angel Investors and venture capitalists may exit in the new year. First up, a focus on hedge funds. The s p 500 year to date have aances happening shift from stocks. One of the biggest beneficiaries of money money moving from bonds to venture driven funds that have wall stocks in them, right . Institutional managers think that the bond rally that we have seen is coming to an end, so they are reallocating potentially more money to event driven strategies like polson. The numbers really tell the story here. If you look at the first nine months of the year, equity and event driven strategies gained about what a billion dollars in in that was a school where its relative file you funds in about 21 billion. That is a really big conference from 2002 when you saw a huge amount of money going in, and and a loss about money coming out of the equity funds to the tune of 70 billion. That point to a real turnaround here in the way that investors are thinking about how to allocate. When you thin
Youre watching worldwide exchange, bringing you Business News from around the globe. As we get into the trading session here in europe, you can see behind me decliners outpacing advancers by about a 41 ratio, with stocks shedding about a third of a percent. Well get to more of that shortly. First take a look at the forces individually to get a sense of where were seeing the selling pressure and it is pretty much consistent. Theres the ibex 35 down. 7 of a percent. The ftse down about a third of a percent. Not many green spots to find. Yesterday we saw that rally in peripheral debt. Today were actually seeing firmer prices across the board, so whether the u. S. Down there or italy and spain here in the periphery, 4. 7 , 6 , remarkable there, level for spain even today as the countrys banks are being more fully examined in light of the National Examination plans. The dollar yen pulling back about half a percent to 8167. Lets get to Deirdre Bolton from singapore. Hi, deirdre. Hi, kelly, h
A judge says David Einhorns hedge fund may succeed in its legal attack against apple. And youve been hacked. Major financial institutions, fast food joints, tech giants, and now car companies. Corporate america facing a flurry of attacks. Its wednesday, february 20, 2013. New fiveyear high yesterday. Squawk box begins right now. Good morning, everybody. And welcome to squawk box here on cnbc. Im becky quick along with joe kernen and andrew ross sorkin. Our guest host is Business Insider ceo henry blogett. From corporate hacking attacks to questions about dells corporate buyout, this is a great day to have him on set. Welcome. Coming up next hour, a squawk ceo summit. Were tackling a question on everyones mind how do we get the economy to grow from here . No one knows better than the leaders of corporate america. Joining on set this morning, 32 adviser ceo robert wolfe. Well have hanes celestial ceo irwin simon. And the kraft Group President , Jonathan Kraft. On the lighter side of thin