Welcome to power lunch. Stocks are lower at this hour and dow and the s p 500 slightly higher telecomes are the best financials fedex more than 300 and wild trading day for bitcoin plunged 10 earlier and sinking again now. A lot of news. Hackings, bankruptcies and selling from a major player. Well dive deeper into it. Blackberry the company topping expectations and 2018 revenue and stitchfix, however, tanking. The Apparel Company increasing its Customer Base but its bottom line was impacted by higher costs. And chipotle taking a drop the stock is lowered by more than 2. 5 . Brian . Michelle, thank you. We begin today with the latest out of washington, d. C. The tax bill passing, again. All the angles of that bill covered. Abram at the president where the president is expected to hold a tax bill event at 3 00 p. M and kayla is on the next big story. Thats a funding bill to keep the government open. Lets start with elan. Brian, it is Done Congress has now passed the most sweeping rewrite
Numbers coming out on the Holiday Shopping season. Look at those numbers today kohls now up 6 , performing well all session, the retailers. Not under armour, though the ceo reportedly telling its team 2017 sucked with the stock down 50 this year, although its up 1 today well tell you which one of planks adventures is reportedly doing well. And for some people, thats the problem, that the other ventures doing better bitcoin rebounding from fridays selloff we have a debate on whether its still worth investing in the crypto craze oh, joy. I cant wait for that. But we start with the move on apple today, again weighing on the dow and getting hit on reports that the iphone x sales are slowing. The Company Reportedly telling suppliers sales will be 30 Million Units versus the 50 Million Units previously forecast. Joining us right now, our friend russ gesht gerbeert kawasaki and matt wolf from Disruptive Technology advisers happy new year, guys welcome back. Thank you. Happy new year. Ross, i
Rippling spotify revealing plans for new listening options, for radio and podcast. Yvonne it is a showdown in the podcasting world. Also a showdown in washington. We are going to be getting the vote. Essentially we heard earlier today that the senate does not have enough votes to pass a continuing resolution. Looks like we are closer to a Government Shutdown. I want to pull up this chart, which raises another issue. It i separates, but related to this continuing resolution vote. Issue, which is the debt ceiling. That deadline is coming up. It is a bit of a moving target. Expectations are we are going to hit that debt ceiling and need to lift it in march. That is being reflected in treasury markets, where traders tbillsing shortterm due in march. Yvonne its interesting you up, because there is difference between a shutdown anticrisis. We are only talking about there is a difference between a shutdown and a crisis. It could be limited depending how long a shutdown lasts. Some nerves in t
The country out unless there is a commitment to debt relief. Welcome to the pulse live from bloombergs European Headquarters in london. Manus coming up, we are speaking live with a ceo. That is at 10 10. Make sure you stay tuned for that. Francine bnp paribas has published its biggest quarterly profit in more than three years. Manus the beat comes after frances largest bank announced they are considering changes to the securities union. The overhaul which could bring the deepest cost cuts since the financial crisis is a response to tougher capital rules. As a consequence of this, the cib teams are working on a plan to crystallize all these accelerations. First is to further improve efficiencies and returns. At the other hand and at the same time, to continue to invest in order to capture further market share. Thats what we are doing. That takes time. Francine the cfo there speaking to Caroline Connan. She joins us from paris. What can you tell us . Caroline he did confirm that hes stil
Journal there close to raising rates next month. Chinas push to join the elite as a currency takes a hit. More work is needed on the yuan. Welcome to countdown. This is Bloomberg Live from london. 6 00 a. M. Numbers are coming through from moments ago. Lets get to carolyn conan. She is in paris. Yes. It is the highest quarterly earning in eight years since the financial crisis. Societe generale benefited from three things. They had a good performance and equity ending. It jumped 61 . They also had a gain of 312 Million Euros. Recovery of the economy in europe, especially in france. They had 45 Million Euros in russia. This is smaller than it was in the First Quarter you also told me in the Second Quarter. We spoke exclusively on second order earning. We have a strong set of results. Good performances across the board. Also good monitoring of costs. A really strong performance. And very happy. Couldnt talk generally about the economy, france and europe. Would you say the economy is stil