Tiktok. Thatow we are hearing thiller. And of 49 fortnite, apple says it is terminated ebix developer account. Developer account. A lot going on. The fed, the prime and a strut japan stepping down. Earnings. The ending of the Republican National convention. Walk us through what has impacted the day. So much and all of it ended in record high for the nasdaq and s p 500, investors encouraged by the fed latest policy shift, the idea that perhaps it is reinflationary in nature, stocks respond in kind. Apple, this is interesting, over the last two days apple is underperforming, down the last two days 1 , closing a little as were mentioning now, terminating the epic caliber account in the midst of the developer account went epic refuses to pay the 30 fee. That apple is standing up for that along with alphabet shows they are forcing developers to comply with roles. It will be interest rules. Im not sure how this would impact the bottom line for apple but it must not be all that much. You ment
Tonight to gain support in a state he barely lost in 2016. Well bring you any breaking comment from the president on china trade and Everything Else, if and when he stops and talks to reporters on the white house south lawn. Millions in the dark in california. Power outages extending for a second day. The reason behind what seems like a drastic measure. Maybe if there is a better solution. A new red flag for Social Security. The new numbers that have critics sounding the alarm. Melissa fox Business Team coverage. Edward lawrence at the office of the u. S. Trade representative in washington. Gerri willis on the floor of the new york stock exchange. Lets kick it off with edward. Reporter melissa, im looking over my shoulder any minute that door will open. Treasury secretary Steve Mnuchin has come out of there already. Appears the talks are wrapping up for the day. There is a lot of movement, the Chinese Trade Team will be leaving here. This is this round of facetoface talks, both in mara
Since april and the first time in 47 sessions where it broke the streak of days where the s p hadnt dropped by 1 first time we have seen a loss like this in a while nasdaq was down 2. 2 that was the worst day since february if you look at treasury yeields, we saw action. The 10year treasury pushing higher the 10year is 4. 41 2year at 4. 19 . Andrew, we talked about the market blowing off the downgrade from fitch in the morning. Yields under pressure which is the opposite through the course of the day, yields did pick up a bit i know you have comments from Warren Buffett in a moment i dont know if this is a number of earnings which were better than expected, but some were weaker you have the report. That brought the expectation to bring more pressure on the fed to raise rates that, to me, is a much better rationale than the fitch report. As you know, my view is not that it is silly. It is important to say aloud the world is a relative place. If you downgrade the United States, you have
Of the fullscale war. It is interesting that putin, who met with whom on the same day at the cosmodrome, did not comment on their meeting in front of the cameras. We will talk later in the issue. And now about the attack on sevastopol, at night there were reports of powerful explosions and a fire at our Ship Repair Plant, the Russian Ministry of defense said that the city was hit by winged missiles they claim that 7 out of 10 were shot down by missiles, but the missiles that were not shot down damaged two ships that were under repair, and as the Russian Ministry of defense claims, there were three naval drones and they were allegedly destroyed by a patrol ship of the Ukrainian Armed forces. They hinted that the axed crimea was hit from planes by western missiles by the british storm shadu or french scalp here is a quote while the occupiers are being stormed thanks the pilots of the air forces of the armed forces of ukraine for their excellent combat work, so wrote the commander of the
Experience with i. T. Was that it was boondoggle after boondoggle and a tremendous waste of taxpayers money spent on incompetent private contractors who never seem to be able to get things right. And im wondering if you could comment and perhaps its better now, and what impact this has on the current sense of trust among Public Officials regarding their sure. So i would say the failures are just as bad or worse in terms of government contracting, i. T. , healthcare. Gov and the electronic records archive, expensive yearlong projects that largely failed, with healthcare. Gov until it was rescued, big, massive failures. Whats changing is there are a number of people that have identified tractable, fixable problems with the contracting and the i. T. Contracting system, and so if you look at the u. S. Digital service or at 18f, these are new governmentled groups of people that are trying to change the way the government buys technology and to change the way the government builds technology