Necessary deemed the delay his chargescause for hate crimes are ongoing. Im courtney collins, this is bloomberg. Caroline this is Bloomberg Technology. Backingp, the u. S. Not off allegations that russia was behind the data breach at the dnc. Details from the senate Cyber Security hearing. Plus, time warnerat t megamerger back on the brink. Why President Trump might get in the way of the deal. And titans from tech hold court at the ces in las vegas. From the future of cable tv to the surging home sharing market. The first two are lead. Security is emerging as a major tech concern for 2017, and it came to attention today at a u. S. Cyber security hearing where russia was front and center. Officials confirmed that russia was behind attacks during the president ial election. Intelligence officials said only russias most senior officials could have authorized the data theft. One day beforet president elect donald trump, who had previously cast doubt on the findings, is to be briefed on the
Strength and technology overall. For the moment, we are not seeing an improvement in stocks based on these numbers. Im going to take a look at the bloomberg, as well. A looks like we are not updating the dow. Ticking very slightly into the green, actually. It is up by about two points. The s p is up off by about 0. 5 points. Still a little changed. Still of 0. 25 on the nasdaq. 0. 25 on the nasdaq. The focus continues to be on retailer. Strengthen some of the Retail Stocks yesterday and today, we are going decidedly in the opposite direction. Consumer discretionary down only 0. 25 . There is strength in media stocks. Real estate is one of the worst performing groups today because some of the mall wreaths are trading lower. Individually, macys and kohls are leading the declines. Kohls is down 17. 5 . As theys down 13 announced plans to cut another 6200 jobs, bringing total cuts to around nearly 10,000. They already talked about plans to shut 100 stores. Saw a decline on a samestore basi
Necessary deemed the delay his chargescause for hate crimes are ongoing. Im courtney collins, this is bloomberg. Caroline this is Bloomberg Technology. Backingp, the u. S. Not off allegations that russia was behind the data breach at the dnc. Details from the senate Cyber Security hearing. Plus, time warnerat t megamerger back on the brink. Why President Trump might get in the way of the deal. And titans from tech hold court at the ces in las vegas. From the future of cable tv to the surging home sharing market. The first two are lead. Security is emerging as a major tech concern for 2017, and it came to attention today at a u. S. Cyber security hearing where russia was front and center. Officials confirmed that russia was behind attacks during the president ial election. Intelligence officials said only russias most senior officials could have authorized the data theft. One day beforet president elect donald trump, who had previously cast doubt on the findings, is to be briefed on the
The message received and understood after a rival came in for some criticism. Weve got this surge when it comes to the chinese currency, the yuan. Forward, the employment report allimportant for the Federal Reserve. All of this to be digested. That drop in treasury yields, about 2. 34. We seen a lot of movement on friday. This is ahead of the jobs report later on tonight. Markets here across the asiapacific. Were looking at a mixed basket. I do want to know that a lot of these markets are session highs or session lows. That, we watch it every day. That,ason im mentioning have a look at the offshore. A big spike down yesterday. Are seeing the weakness push up to about 6. 8 . Hit 100 ight rate yesterday. Closed 60 . Look at where it is. I checked, it was 105 on the overnight deposits. The overnight deposit grid for all here in hong kong. 5500 basis points. Other things and want to mention, the trade deal. 7335, just about flat on that currency. A verythis considered interesting session a
Where in the world you should put your money. European growth looks soggy of the next 18 months. When the fed has taken the football the accelerator or slammed on the brakes, somebody has gone through the windshield. It is all next on bloomberg best. Hello and welcome. This is bloomberg best. Your weekly review of Business News, analysis, and interviews from Bloomberg Television. Lets look at the top headlines. Political turmoil and south africa continue to undermine confidence and that nations economy. President zuma may face a confidence motion. The rand is lower. Some top officials are speaking out against the cabinet reshuffle, saying he did not consult them, and speaking out against the firing of the former finance minister. It seems it is critical as to whether this motion of noconfidence will succeed or not. Do you think he should step down . Yes, i do. They have charged him to have breached the oath of office, and that makes it difficult for him to command respect which would r