Slightly higher. At the low, down more than 100 points. All on pace for the worst day of the year. That is only true for the tech heavy nasdaq. Really weighing on the nasdaq, the Philadelphia Semiconductor index down 2. 4 . Still on pace for his worst day since december 4 of last year. Lets dig into one stock weighing them all down. Apple down 1. 6 . Its worst day of the year. This appears to have to do it to death and analysts. Jpmorgan is cutting the estimate, Sales Estimates for 2018. That is based on deteriorating iphone demand. We also have bernstein saying the iphone estimates for the march quarter, the street is looking at it right now, and it may be too high. It is interesting to see when the Company Reports what does come up. Broadcom trading lower in 70. Lets look at some of the homebuilders. We have some weakness here. D. R. Horton, all lower after existing home sales for the month of december missed the survey a little bit. Daca have to do it tax reform. Investors not likin
Home turf. Betty hello and welcome to daybreak asia. I am betty liu at Bloomberg Global headquarters in new york. Been on thes u. N. Voting on these tougher sanctions against north korea, but not tough enough, right . Of the oil embargo falling far short of that that was talked about were discussed by north korea. Still, this is going to cut north korean exports by about 90 , and that is still going to have some bite on north korea. Haidi absolutely. Looking at these numbers, the sanctions cutting 55 of north korean death, diesel, and heavy fuel. Energy short of that embargo as well as the freeze on his assets that have been sough t. It is a little bit of a compromise because it was widespread expectation that the sanctions would not have gotten the vote of china and russia. Betty ahead of all of this news, which was widely expected, the market had a steady day a seller day. A record for the s p, with leadingls and techs the way. The dow higher by 260 points. The nasdaq also gaining by
Leaving the u. S. We use we do the seven things, it is a new day for American Workers. Their incomes of go up and the number of good paying jobs of go up. And we will do it under a better deal because we want a better deal for the american worker. Sarah good afternoon, everyone. Before we get started, i want to headed over to Stephan Miller to speak to you about the rays act that the president endorse this morning. Take it away, steve. Great to be here today to talk to you about the president s new proposal for Immigration Reform. I will just walk through the basics of it and then we will take some questions and hopefully be able to answer all of them. This is the largest proposed reform to our immigration policy in half a century. The most important question, when it comes to u. S. Immigration system is who gets a green card. A green card is the Golden Ticket of u. S. Immigration. Every year, we issue a million green cards to foreign nationals from all the countries of the world. But
Sarah good afternoon, everyone. Before we get started, i want to headed over to Stephan Miller to speak to you about the rays act that the president endorse this morning. Take it away, steve. Steven great to be here today to talk to you about the president s new proposal for Immigration Reform. I will just walk through the basics of it and then we will take some questions and hopefully be able to answer all of them. This is the largest proposed reform to our immigration policy in half a century. The most important question, when it comes to u. S. Immigration system, is who gets a green card. A green card is the Golden Ticket of u. S. Immigration. Every year, we issue a million green cards to foreign nationals from all the countries of the world. But we do so without regard to whether that applicant has demonstrated the skill that can add to the u. S. Economy, whether they can pay their own way or be reliant on welfare, or whether they will displace or take a job from an american worker
Scott paul, the president of the alliance of American Manufacturing also announced his resignation a short time ago. Former treasury secretary Larry Summers said that is not enough, not enough he goes writing an cand piece no advisor possibly believe he or she is being effective at this point and all should be ashamed for President Trump is currently Holding Meetings in new york and Kevin Cirilli is right outside and we are joined by a former by a bloomberg columnist and an author of a comprehensive hes of Stephen Bannons and a comprehensive piece of Stephen Bannons role in the administration. What is President Trump doing in a data building behind you . Heavy he is facing a security presence where he is inside having a series of meetings. Later this afternoon, he will have an infrastructure meeting i am told it will be an executive action of some store sort instructing folks to look at the permanent process for Infrastructure Projects to provide disciplinary action should there be any