36 effective overall in preventing flu illness severe no to send the patient to the doctors office. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Parenti and this is bloomberg. Chang and thisy is Bloomberg Technology. Coming up, peter till Silicon Valley retreat. On he is pulling the plug the bank and setting up shop in l. A. And googles new plan to eliminate popups. And then the new punishment for repeat offenders. And the ceo of the biggest supplier of Semiconductor Hardware expects the industry to keep booming. We will get perspective from Applied Materials Gary Dickerson later this hour. Billionaire peter thiel is calling it quits in san francisco. He is relocating his personal funds and their 50 member staff to los angeles. According to the wall street journal, the tech worlds bestknown conservative and trump supporter has discussed resigning from the facebook board. Peter thiel set off a firestorm when he supported don
David time for our daybreak first take. We discussed the top three stories of the morning. First up, equities on the rebound. Second, the outflows from the bond funds. Rd, dreamers did not third, dreamers. They did not get to an agreement in the senate. Michael mckee, we want to start with u. S. Stocks. We are back where we started the year, despite the turmoil. U. S. Stocks are where they started the year. Much. An stocks, not so they have lagged behind. Are we in the midst of a rate hike tantrum. We had seen a thin reaction. There are two points here. Performance in five years, that is silly. We went down, we went up. If you are looking at this, you the to see, not so much absolute level, but what kinds of things are being bought and what is being sold. Other assets are highly risky. Did come in and clean out the safelyso you can more move up. Make the case that equities can still rise. What happened the last couple of weeks, was it a tantrum or did weeks the constructive moves . Has
Announced a plea deal with the u. S. Authorities, is in fact someone who worked to rapidly workeda, as it directly with russia as a russian actor, or who considered himself an american. We will bring you those details this get them, but bombshell indictment. Republicans seething on the fact that they feel there was nothing in here to to directly assess whether President Trump nor his campaign was aware of the involvement of russia meddling, but the indictment be on the politics of this, President Trump has been briefed on the indictments and we are awaiting some kind of statement from the white house. Fors said to be in florida the Holiday Weekend. That is the politics. On the policy front, from a broader, historical perspective, this is building on the governments case against russia for their meddling in very clear terms. This is something that began at the end of the Obama Administration and that the u. S. Intelligence community has seized upon in the early year of President Trumps
Busy morning the president delivering his first state of the Union Address, applauding the work his administration has done on the economy, on jobs, on health care, and taxes. We enacted the biggest tax cuts and reforms in american history. Massive tax cuts doubled the Child Tax Credit we slashed the business tax rate Small Businesses have also received a massive tax cut roughly 3 million workers have already gotten tax cut bonuses the president mentioned taxes 15 times in the address, most since obamas 2012 address where it was mentioned 31 times. For more on all this, joined by microsoft ceo steve ballmer, founder of usa facts and owner of the la clippers good to have you good morning to you. My pleasure thanks, carl, good to be here. So much discussion this morning about shackles being taken off business, whether through taxes or regulation, incentives to invest, thats why we are seeing the stock market for the past month where are you, what business and economy are doing and how st
You have had to follow bill gates and steve ballmer. Did you feel you were ready for the job following those legends . The best advice i got helped me a lot. It was dont try to be like us. To say i am succeeding these people. I remember even during the interview process, the board was conducting and they asked me do you want to be the ceo. I said only if you want me to be. In peopleck i got was wanted to see you like, i want to be ceo. I said thats not me. Up 120 . Ock is to annualo shareholder meetings, you get a standing ovation . Have people asking me to come home and fix my computer. You are a native of india. What part . I was born in hydra andbad. Your parents told you you were going to be Prime Minister or something important . What did they want you to be . They wanted me to stop playing creek it and take my studies more seriously. And when did you realize you would not be a professional cricketer player . Pretty soon. Realized i might play firstclass ticket in india, but i was