More on that in a moment. But we begin tonight with a company that is an american icon, albeit today a tarnished one, General Electric. Today the company missed earnings forecasts by a lot, a stark reminder of the work that lays ahead for the new ceo. He summed up the quarter by sayi, our results are unacceptable, to say the least. Early today, wall street agreed. But after falling sharply, the stock made an about face, an abrupt one, embarking on its biggest comeback since 2009 and finishing up 1 . Morgan brennan takes a look at the quarter and what may be ahead for ge. Reporter for General Electric, its all about restructuring. Still, the oldest stock in the dows new Ceo John Flannery says everything is up for review as he begins to make sweeping changes at the struggling company. Ive spent really 90 days exhaustive review of the whole company, so the businesses, our culture, corporate spending, everything at the company has been up for examination, every stone turned, no sacred cows
Friday. Paul manafort and his longtime business associate rick gates will remain on house arrest, at least through the weekend. A trip kicks off on judge declined a request from manaforts lawyer to remove gps monitoring. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Im emily chang. This is Bloomberg Technology. Apple beats estimates for the fourth quarter, just as the most advanced iphone ever begins selling in Stores Worldwide. Details of my conversation with tim cook as the clock winds down to the official start of the iphone x era. Alibaba shatters Second Quarter forecasts on its earnings day and plans to go full steam ahead the rest of the year. How chinas ecommerce kings expansion into new businesses helped nearly double revenue. My wideranging conversation with former twitter ceo dick costolo. His take on holding big tex accountable for the big tech accountable for fake news on their platforms. First
You should be taking apple for even pushing it up about 17 points. They are driving the market higher hoping to get their little grubby hands. Ready willing and eager. There is one feature in it that can be fooled the Murray Brothers they are identical. They are can have exclusive face up over that much talk about technology. The apple facial recognition which can be tricked. They focus on Global Security issues. Will it move closer to reality and what about that growing nuclear arsenal. We will see if they will be one step closer to nuclear war are one step further away. By the time the president returns to the u. S. And Tax Foundation president. Answers this question. Will the gop tax plan kill the homebuilders. Left to get to on this very busy friday. We are less than an hour to the closing bell. Lets start the countdown. This happening in just about the last hour. Shares surging right now. Following a report that broad calm that also said it was going to be back to asia from the Un
Its debts with many saying its not a case of if but rather when the Government Debt currently amounts to one hundred fifty billion dollars and as well as one of the Worlds Largest exporters of oil the plummeting prices and mismanagement have crippled the country. Banknote that symbolizes the magnitude of venezuelas economic crisis earlier this month the countrys president unveiled the one hundred thousand dollars bill its worth about two dollars only a year ago the one hundred dollars bill was the countrys largest but inflation has skyrocketed the only thing growing in venezuela these days some jest is the number of zeros on the banknotes Everything Else like food and medical supplies continues to shrink lack of hard currency has left the government unable to pay for imports. The countrys debt has become unsustainable president Nicolas Maduro is hoping to convince foreign creditors of his proposals for restructuring it. Out of him but only for the investors of the world the holders of
Its debt with many saying its not a case of if but rather when the Government Debt currently amounts to one hundred fifty billion dollars and as well as one of the Worlds Largest exporters of oil but plummeting prices and mismanagement have crippled the country. Thank you note that symbolizes the magnitude of venezuelas economic crisis really early this month the countrys president unveiled the one hundred thousand dollars bill its worth about two dollars only a year ago the one hundred dollars bill was the countrys largest but inflation has skyrocketed the only thing growing in venezuela these days some jest is the number of zeros on the banknotes Everything Else like food and medical supplies continues to shrink lack of hard currency has left the government unable to pay for imports. The countrys debt has become unsustainable president Nicolas Maduro is hoping to convince foreign creditors of his proposals for restructuring it. Out of him but only for the investors of the world the h