Which left 32 people dead. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Bloomberg technology is next. Im caroline hyde. This is Bloomberg Technology. Shares neardobe record highs as the Software Giants beats rivals in the cloud. Santander narayanan tells us what he is still worried about. Googles android is serious about fighting hackers. We will see how the company has beefed up companys beefed up security efforts fared last year. And an ambitious expansion plan. The challenges it may be up against explained. First, it was a tragic wednesday for london after the u. K. Capital, my hometown, suffered its worst terror attack in more than a decade. We will bring you any breaking news throughout the hour. Now lets focus on the markets if we can. After the worst selloff in months, stocks are mixed in the session, but the nasdaq was the standout. Doolittleg in abigail in new york. Take us thro
Carl. And it was based on trump being able to implement his pro growth agenda. Now, the components of that were a tax cut, dismantling regulation, and infrastructure spending. The Affordable Care act was not a part of that, but it was assumed as a given that he would be able to revise or replace the Affordable Care act. The fact that hes run into some trouble there has jeopardized the tax cut program. Trump campaigned on increasing growth. He said he could get growth from 2 , where its been since the recession ended, to 4 . It now looks like he wont get to 3 . And 3 was what the market was counting on. And so, thats why the market is correcting. Its correcting because maybe trump wont be as successful in implementing legislation as he promised. Now, byron, saying he wont get to 3 60 days in, you dont think its too early to make calls like that . Well, no. Thats 3 for the year, you know. In other words, we arent going to get to 3 unless we have a tax cut and the dismantling of regulatio
Future series, coming to you from cnbc one market in San Francisco. Weve gotten interviews about some of the most exciting tech stories in Silicon Valley coming up just in a few seconds. The dark real world, though, in the interim got in the way of the story. It got ugly fast today. Im talking about how two Great American industrials that we follow here on mad money, pbg and honeywell cut estimates ahead of their quarterly reports. In an across the board selloff, the averages spent most of the day in recovery mode. A wicked session turned relatively benign. With the dow dipping 28 points, s p declining. 3 . The warnings couldnt have come at a worse time, worse time for the industrials at least which have been rallying ahead of the soon to be released quarterly reports. Money flowed into other sectors as soon as the disappointments happened. Notably the bank and retailers once the cyclical smoke cleared. Despite a tepid payroll report, these two groups helped the market make a rebournd.
The dark real world, though, in the interim got in the way of the story. It got ugly fast today. Im talking about how two Great American industrials that we follow here on mad money, pbg and honeywell, cut estimates ahead of their quarterly reports. Those reports are going to be coming out soon. Amazingly, while the whole market initially shuddered in an acrosstheboard selloff, the averages spent most of the day in recovery mode. A wicked session turned relatively benign with the dow ultimately dipping 28 points, s p declining 0. 33 , and the nasdaq losing 0. 27 . These two earnings wni time, worse time for the industrials at least which had been rallying ahead of the soon to be released quarterly reports. But as is often the case, money flowed into other sectors as soon as the disappointments happened, notably the banks and retailers once the cyclical smoke cleared. Despite a tepid nonfarm payroll report, at least according to the prognosticators, these two groups helped the markets m
The interim got in the way of the story. It got ugly fast today. Im talking about how two Great American industrials that we follow here on mad money, pbg and honeywell, cut estimates ahead of their quarterly reports. Those reports are going to be coming out soon. Amazingly, while the whole market initially shuddered in an acrosstheboard selloff, the averages spent most of the day in recovery mode. A wicked session turned relatively benign with the dow ultimately dipping 28 points, s p declining 0. 33 , and the nasdaq losing 0. 27 . These two earnings warnings couldnt havco time, worse time for the industrials at least which had been rallying ahead of the soon to be released quarterly reports. But as is often the case, money flowed into other sectors as soon as the disappointments happened, notably the banks and retailers once the cyclical smoke cleared. Despite a tepid nonfarm payroll report, at least according to the prognosticators, these two groups helped the markets midafternoon r