Warning against seating Telecom Infrastructure to china. We get reaction to that. And tesla turned our heads this week. Look back at some of the biggest stories in tech. To our top story, u. S. Equities headed into the Holiday Weekend on a positive note after the release of steady figures for retail cells and with investors continuing to weigh contrasting data from china on the spread of the coronavirus. The s p 500 closed at record high after swinging between small gains and losses in fridays session. To discuss todays Market Performance and technology we are joined by laura kane of ubs. To kick us off, i want to take a look i am showing from my terminal. As you know, the trade of 2019 was u. S. Versus the rest of the world. I was speaking with david kelly, the global cio of jp morgan Asset Management who was trying to make the case for over waiting International Equities. Are you still trying to overweight International Equities or do you think it is u. S. Versus the rest of the worl
Arrivedtwitter ahead of trade talks, raising the presence among the american people. Shery later in Bloomberg Technology global link, ibm closely 34 billion purchase of red hat, sealing the worlds secondlargest tech deal ever. Will this help ibm catch up in Cloud Services . We will discuss. First, a quick check of how the markets closed in the u. S. The s p 500 pushing higher. In the last hour or so of trading after fluctuating between gains and losses. We have fang stocks meeting the gains. We saw some declines when it came to the consumer staples. Not to mention material stocks that led the gains. We have the dow unchanged at the toent, falling slightly down 26,783. Investors still bracing for powells testimony to the house tomorrow and the senate on thursday. Lots of Central Bank News this week. Fed minutes on wednesday, ecb minutes on thursday, and Inflation Numbers on thursday. For the time being, we are seeing u. S. Futures unchanged. Investors being cautious at the moment. Lets
While. I think the fed can get down to their 2 target. They havent lost confidence or gained conference at just confidence. It will be interesting to see if they are successful getting inflation down to 2 . We are not through this inflationary challenge. This is bloomberg surveillance with jonathan ferro, Lisa Abramowicz and annmarie hordern. Jonathan the third era bloomberg surveillance begins right now. Because up before im cut off, lets get you to the weekend. Were almost there. Futures are positive bite. 1 . If the happiest ive seen lisa all week. Lets go to the calendar, tuesday bank of japan decision, wednesday the Federal Reserve. How does what weve learned this year inform what will happen next week . Should we start for japan looking at Wage Negotiations that are looking good . Lisa it might be a huge market catalyst because Wage Negotiations came in hotter than expected. You are seeing an open door for the bank of japan. It sets up the fed well because we are talking at high
Entrepreneurs defining the next phase of pop culture. We will discuss the latest experiences and potential impact of ai. Caroline including what has been top of mind, the war between israelhamas. Nominated a minister of Homeland Security that didnt serve the mandatory military term required in israel. He nominated a second minister of defense who barely was a soldier. Fired a minister who was a general. Had to bring him back because of public pressure. He refused to meet with key military figures and tried to change the Supreme Court because he had to keep himself out of jail. This led to a vulnerability that is unprecedented. This would be like 30,000 americans dying in 9 11. Thats what happened in israel. Its time we get rid of this man. Ed ari emanuel. My goodness, in terms of an individual name, what a way to start. I thought there was one rule in hollywood. You dont go in public and talk about your competitors. Ari did that. Hes never been shy. He does not follow that rule. He wen
Energy and Resources Committee is about two hours. Over the past few years, since six have been working to understand the challenges around ai and various issues. Argonne National Laboratory in illinois, Lawrence Livermore, Lawrence Berkeley in california. Those are the most, new mexico. And oak ridge, tennessee. The labs work in bringing together both fundamental science and National Security missions. This hearing will examine their findings. This hearing will also discuss the 1. 8 billion exit scale Computing Program that the committee authorized. If we want to invest in ai in a costeffective way, we must build on existing programs and avoid wasting resources and duplication. Most people think about the department of energy for his work advancing Energy Technologies like nuclear reactors, energy efficiencies, Carbon Capture and hydrogen. Doe does more than just energy. The Department Also is the largest supporter of physical, Scientific Research in the federal government. Conducting