Want to use momentum from their tax bill victory to take on welfare. Paul ryan says 2018 is a chance as a chance to reshape the safety net for the poor and disabled. He also wants to change food stamps and medicaid programs. In Southern California firefighters doused hotspots. ,winds increased that could whip up embers and flareups. A huge fire still smoldering northwest of los angeles. Officials say the blazes 60 contained and now the second largest in california history. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti, this is bloomberg. Bloomberg technology with emily chang is next. Emily i am emily chang and this is bloomberg technology. Coming up, we take a look at a big year in consumer tech, from google to amazon to apple. What worked, what did not and what is worth your money . Plus, we discussed facebooks role on the platform for political propaganda. Is the social network overstepping by helping usero
York times reporter. Welcome to everybody. We have a lot to get to this morning. A strong rally in the market but shares of am in the green after getting upgraded to outperform. It comes as the stock officially exits bear market territory. Meantime, now that the government has hacked that iphone without apples help the company is trying to figure out exactly how to fix the flaw and what comes next. A report says apple could consider forcing the fbi to reveal how it did it as part of an on going case in new york. A lot to work with here but lets start with apple stock. We were watching it to exit bear market territory yesterday. Theres the Morgan Stanley note about iphones a couple of weeks ago. What do you think did it . People might have come to their senses. What was it doing below 95 anyway. Its not like that much has changed. They came out with the iphone se is that going to change the overall trajectory of the iphone. Were not sure what the Gross Margins will be on that. People ha
Rich edson, we have flown him all the way to chattanooga, tennessee. I dow the fine folks there will understand a word that you say, rich. Rich they are picking up on the accent. Looking at this movement that pushed against the effort to organize workers here at the volkswagen plant, the uaw was granted somewhat unusual access. Almost a partnership with volkswagen. There was an expedited election. They are saying that this is a big failure. This all continues. It has been the first bite. One employee says he does not want this town to become detroit. Who is growing. Who is moving forward. Look at detroit. Look at city blocks of empty houses. What is the common denominator . The uaw. One possible other chapter this past election. It could be a point of contention. The uaw said there is influence from outside. Theyre basically saying that volkswagen would decide to build another plant here if they rejected the uaw. The nlrb could decide to hold another election if they determined there w
President obama said in a cbs interview that russia must move its troops that on the ukrainian border. The president also warned russia not to revert at to cold war practices. Inwe have no interest circling russia. We have no interest in ukraine beyond a leading the ukrainian people make their own decisions about their own lives. And it is true that we reject the notion that there is a along theinfluence russian border that then justifies russia invading other countries. At this afternoon, the Un Security Council is planning to hold a secret meeting to discuss the crisis. Russia has rejected a yuan resolution affirming the territorial integrity of ukraine. Mood among a strong the vast majority of russians that the United States is very happy to facilitate russia declined, Energy Diversification away from russia and even Shock Therapy which i do not necessarily agree with. But that is their perception. And they are sitting on red line which they take much seriously than we do, on ukrain