Madeline albright. Black stones president , tone know james, and well cap it off with dpaer white along with Actor Matt Damon. So we have a lot to do today. Lets talking about breaking news overnight. American fighter jets going into syria and bombing isis targets. The u. S. Did warn american fighters in advance. Five arab partners are involved. The pentagon confirms they went after 20 targets. Fuel depots, weapons spots and traini ining sites. Israel shot down a fighter jet after it entered air space. Oil prices are rising. Joining us now, retires u. S. Army current jack jacob is here. On the set with us, chief washington correspondent john harwood. Colonel, i will start with you. The implications of this coming much kicker than i think some people expected, no . Yes. Its developing relatively quickly. The problem with syria is the entire armed force system has been under pressure that it is totally incorporate nated. It is possible the syrian aircraft lost its way. It doesnt make a l
Youre watching Market Makers here on bloomberg television. Friday in new york city. Im eric schatz sker. Im stephanie ruhle. This bill gross news is huge. No other way to describe it. An earthquake hit the bond market this morning. The bond king himself, bill gross, is leaving pimco, the Money Management powerhouse he cofounded which turned him into a billionaire. Hes moving to january us in Janus Capital to work for his former colleague. Pimco said fundamental differences led to the departure. Gross says he wanted to spend more of his time managing client assets. Bill powers is a former pimco managing director who has built his own property investing bills since leaving the firm four years ago. He joins us from nantucket. Great to have you on the show. Glad you could take time out for us from nantucket. Tell us, what seems to make the most sense to you . The idea that there were these fundamental differences between gross and pimco . Or this notion that gross is putting out there he s
Sales earnings that Beat Estimates part of that is because of parents buying frozen gifts for their kids. Disney is preparing to come on with its first star wars movie this year. Accompanying theme parks are ready to cash in. We have big plans. Our engineers are hard at work drawing them up. Im sure we will be ready to go doublet. It is safe to say, you will see more star wars at disney in the near future. Disney also reported stronger growth in movies. Unexpected good news for sony. The company is trimming estimates for a foot fullyear loss by 26 . Strong holiday sales of the playstation for gaming console. Growing demand for the image sensors used by smartphone makers. Sony is in the middle of a restructuring that will focus on games, my Natural Services and content and getting over the hacking the hacking scandal from last year. A plane crashed into a river moment after takeoff. Dashboard camera as you can see captured the scene moments before the crash. This dramatic video. 23 peop
Melissa steep selloff, owe blight rating the years biggest rally. The dow plunging 300 points before cutting those losses. All major indices down well, more than 1 1 2 . 1 and 3 4 . We have dan shaffer of schaefer asset management. Charlie, this is one of the selloffs, nobody can agree what it is. Im not saying get out of it because i dont believe you should get out of it now. It is artificially inflated by the fed and when you have little sort of hint coming out of the fed they may raise rates. There was something of that nature today, one of the fed governors, someone weighed in, i cant remember which one. One of the hawks. Melissa usual nonsense. The market trades off, off 300 points. I will say this, this shows you why inflating a market based on printing money is really bad for the general public. The average american should not be worried about every single thing that comes out of the fed. Should be worried about, is the economy improving . Is corporate profits up . They should n
We are live on the salt conference in las vegas. I am Erik Schatzker. Stephanie i am Stephanie Ruhle. Day two and we had an extraordinary run already. We will be speaking with the one and only jim cahanos. Leon cooperman at 11 00 and john burbank at 11 30. You better sit down, strapping and dont go anywhere. Erik that is one heck of a lineup. Lets start with a bulletin. Stephanie Erik Schatzker in vegas, a whole other level. Erik top business stories of the morning. Alibaba has a new ceo, daniel zhang, they chief operating officer for the past two years. He helped turn the companys single date shopping day into the biggest revenue. He replaced jonathan who will remain as chairman. He spoke earlier to bloomberg about alibabas strategy. Daniel we manage our business by creating value for longterm customers. By creating values for the disappearance for the participants, so we believe that the investors will like us as long as we continue our belief and continue creating value for customer