Downturn because we could not stand an economic downturn. We would be at each others throats. Scarlet apple ceo to tim cook says we ought to play a wrote role in civic leadership. The corealways been at of changing the world and you cant change the world if you are ignoring the world. Scarlet suddenly everyone has an opinion on bitcoin. It ought to be outlawed. It doesnt serve any useful we are in the and of this resolution. Scarlet its all straight ahead on this special edition of bloomberg best. Scarlet hello and welcome, im scarlet fu on this special edition of louvered best. With a tech at 2017 in the americas by revisiting interviews with newsmakers, policymakers, and leading business makers and finance. Start with the eggnog ration of donald trump, the first president to reach and operation of donald trump, the first president to reach without any logical background. It certainly resonated with many financial industry as well as his cabinet selections, many coming from business a
My chart of the morning has to be with carper copper. ,ou are looking at nineday run the longest winning streak since 2004. What it means for inflation, we will dissect that. David lets find out what is going on outside the business world. Emma some new Jersey Transit riders are facing decades of tax hikes to subsidize a new 12 billion into manhattan. Outgoing new Jersey Governor Chris Christie proposed a surcharge in his state until at least 2038. He canceled the hudson river rail tunnel in 2010, saying he did not want to burden taxpayers. The great lakes is dealing with recordbreaking snowfall. Yuri, pennsylvania was hit particularly hard with 63 inches of snow since christmas day. At least another five to 10 inches are expected. Chinas leading policymakers plan to discuss amending the National Constitution for the third time since 2004. The decision was made today at the meeting headed by the president. The party will convene in january. There are no details where possible changes c
Which means that many taxpayers right now are rushing to make sure they take advantage of any deductions they have today but will lose next week. To take us through how it all will work, we welcome now laura davison. Welcome back to the program. On the individual side, there are reports, and i must say, im in new York Resident and im looking at it how you can pay some of your taxes next year because you lose the deduction next year. Laura what the new law does is that it limits the state local taxes that you can do. To 10,000. If you live in an expensive state like new york where you have a property tax bill and your state income tax bill could exceed 20,000 or 30,000, if you prepay those now in states that are allowing you to do that, you can get that full deduction and tax break. Thats why you saw Governor Cuomo say you can prepay that. Take a bigger deduction. This is really democrats that are leading some of these states and kind of sticking it to congressional republicans, saying
About trading in private venues. Two figures joined the race to be deputy fed chair. We have the low down and their cvs. Betty it looks like a second month of disappointing industrial numbers from south month. Up. 2 month on expectations were for a rebound from that is small prior month in october. The expectation was again of 1. 3 . Also a decline of 1. 6 year on year, worse than the no change expected by economists. Ands. Saw huge plunge factory output distorted by the holidays in south korea. The expectation was there might be a rebound from those numbers. It looks like there was, but still not what economists had expected. We know these numbers are choppy, but the chip boom and auto exports, that has been expected to help industrial output numbers, but looks like not quite what economists had hoped for or predicted. Again, a lower than estimated numbers, up to 2 month on month. In the u. S. , we saw markets edging higher at the close. Changing nasdaq barely , the dow adding 30 poin
Jeremy hunt will stay on after refusing a new role. The education secretary resigned. Global news 24 hours a day powered by more than 2700 journalists and analysts. Im a Alisa Parenti and this is bloomberg. Emily im emily chang and this is Bloomberg Technology. Coming up, gopro takes a dive. We speak with ceo Nicholas Woodman after the Company Slashes jobs. Cryptocurrencies opsware rocky start in 2018. Bitcoin slumping as much as 27 , helping drag and smaller rivals. Dissenting on las vegas for the Consumer Electronics show where driverless and electric cars are dominating the buzz. , our lead. Gopro missed its fourthquarter sales guide and signaling revamped cameras and price increases are not sparking revenue growth. Shares tumbled more than 10 , its worst performance in a year. Gopro ceo Nicholas Woodman spoke to selina wang and denied earlier reports that they hired jpmorgan for a potential sale. Take a listen. Nicholas jpmorgan is in fact our banker, but we have not engaged them t