Various governors about how and when to reopen the economy. Jobless claims we are expecting would bring the total over the last four weeks to 22 . Economists say that 20 employment at the peak is a realistic scenario for the united states. Sarah ponczek, talk to us about the rally today and how big a parnas tech have to play . Sarah tech really has played a very large part in the rally. You mentioned the s p up 3 . Your techheavy nasdaq, up 4. 3 . Google, microsoft, all of them at more than 4 . Yesterday, we saw the s p fall 1 while the techheavy nasdaq rose 1 . That is a discrepancy we have not seen in the history of the benchmarks. Aureen moore, tech is seen as safe haven play. You can look at these discrepancies to see how important not just tech but really these large mega cap names have been playing in the rally. Equal weighted version of the nasdaq. Amazon, microsoft, still down 7 on the year. Cap, where they really do rule the game, now less than half a percentage point away fro
Emission said they will break up the tech company. Get ready for things to get messy if he tries to be u. S. Stocks suffering another the selloff in treasuries. Surging as mountain signs of an economic slowdown still fears a recession. The s p 500 has big tech driving the losses. , amazon allsoft closing deep in the red. It has gripped the index since President Trump rekindled the trade war with china at the start of august. The s p 500 has gone 1 for 11 straight sessions and is now down 6 from a july record. We are joined by our Bloomberg Cross asset reporter in new york. A lot of bond buying today. What does that mean for tech . Longerf you look at dated bond yields with 30 year sawing to a record low, we a yield curve inversion between the two year treasury yield to a 10 year treasury yields for the First Time Since 2007. We were no longer in negative territory. We should mention that. That means for tech going if you think about the high data areas of the market, tech is largely pu
Committee democrats late into colleagues for forcing the bill through. The committee voted along party lines to advance the bill and gop leaders are hoping to take up later this week. A suspected libyan a militant was found not guilty of the most serious charges of the benghazi attack. He was convicted of terrorism charges but acquitted of murder. The attack killed a u. S. Ambassador and three other americans. Two more americans died in a mortar attack at a nearby cia complex. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti, this is bloomberg and Bloomberg Technology is next. Emily i am emily chang and this is Bloomberg Technology. Softbank is hammering out details to grab a massive stake in uber and seeking a discount to invest in the startup. Plus, our exclusive conversation with with meg whitman, as she prepares to leave the company. Friday ofout a wide topics, including her political ambitions. 10itcoin a
President. First to our lead, uber losses widened in the third quarter. The Ride Hailing Service lost almost 1. 5 billion in the period. This all caps on light when goober reported its financials to shareholders tuesday night as part of a formal bid from a softbankled consortium looking to buy a large block of stock. Softbank to get a nice discount. Theres a 30 discount to its last private valuation, coming in at 69 billion. We caught up with someone intimately familiar with ubers inner workings, lane castleman, managing partner at greenbrier and the former head of Uber Communications in the americas, and Eric Newcomer also joined us on the set. Eric this is the opening salvo from softbank and its consortium of investors saying, we will pay 33 a share, which translates into that 40 billion valuation and see if we can get , enough people to bite at that to meet the 14 of outstanding shares we want to acquire. Emily and what is the likelihood of that . Eric you know, there is a lot of ap