Doing cartwheels behind the scenes at how well the market has taken the Balance Sheet Reduction Plan and announcement. To be likewants this watching paint dry for us. This will be very boring. It is all preannounced. It was all very transparent. There was no surprise in the announcement yesterday. And so, i think we will be watching quantitative tightening in slow motion. I think she is trying to do as little as possible. She introduced tightening in monetary policy, and she was trying to do as little as possible with the dots to keep them as unchanged as they could be in the next 12 months so beyond that they can make the policy changes. The crisis is over. We still have policy levers largely at their emergency crisis determined settings. So lets return on a methodical basis the policy levers to normal so we have the ability to control our economies. Jonathan joining me around the table today is greg peters, Senior Investment officer at pgim, priya misra at td securities, and Colin Ro
Even though i have a day job of running a private equity firm. [rubenstein reading onscreen text] you built one of the Great Technology companies of the world, and one of the Great Companies of the world. Now youre building and operating one of the great foundations in the world. How do you compare the challenge of building microsoft to the challenge of now running the bill and Melinda Gates foundation . I think they have more in common than people might expect. You know, the idea that you find what an innovation is gonna be, really stick to it, build a team behind that, have some setbacks and successes, that, you know, kind of a theory of change. Now, my microsoft work was when i was very young. I started when i was 17 and that was my primary focus until i was 53, when i made the transition. And for early part of that, i was kind of maniacal. I wasnt married, no kids, i didnt believe in weekends. Until i was about 30, i didnt believe in vacations at all. So it was incredibly fulfillin
Talks about the first thing he changed when he took over, it all has to do with the culture. We begin this morning with a look at todays eye opener, your world in 90 seconds. Imagine this scene is being replayed across puerto rico and the need is so desperate. Puerto rico may rise again but theyre going to need a ton of help. Puerto rico pleas for help. That power in communication situation in the u. S. Territory is dire. President trump continues to defend and attack his nfl players refusing to stand for the National Anthem. The National Football league want to take a knee, they should take a kneel at night every night and thank god in heaven donald trump is president of the United States. The ceo out is out. Announcing his retirement after the data breach that exposed nearly half of all americans. The gops latest attempt to pass the Health Care Bill appears to be dead, at least for now. Any rational human being would vote against this monston tri. Weve not declared war on north korea
Visit by trump on sunday. 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 is next. Emily im emily chang, and this is Bloomberg Technology. Coming up, toshiba seals the deal. An agreement to sell its chip unit to a bainled consortium looks set to close. Despitehares took off, being priced at the high end of the projected range. My wideranging interview with the ceo of microsoft on his new book and building upon the legacy of Steve Ballmer and bill gates. Largesto our lede, the tech deal of the year is one step closer to being finalized. Finalized an agreement to sell its chip unit to a group led by bain capital. The deal is worth nearly 18 billion. Toshiba needs to raise cash to pay for billions in losses in its u. S. Nuclear business or wrist risk being delisted from the stock exchange. Even after months of contentious negotiations, the deal could still be in jeopardy t
To the Treasury Department to cover all of the expenses. House majority whip Steve Scalise reported to congress today, his first day at work since he was shot at a congressional baseball practice more than three months ago. The louisiana representative was welcomed back to the house with a standing ovation. A big three of former u. S. President s showed up at the Opening Ceremony of the president s cup, the first time three u. S. President s have attended the matches together since the golf event teed off in 1994. The pga preparing for a visit by trump on sunday. 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 is next. Emily im emily chang, and this is bloomberg technology. Coming up, toshiba seals the deal. An 18 billion agreement to sell its chip unit to a bainled consortium looks set to close. Rokus shares took off, despite being priced at the high end of the projecte