Christmas. Thousands are fleeing ongoing wildfires in southern california. Have burned hundreds of homes. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im jessica summers. This is bloomberg. Bloomberg technology is next. Emily im emily chang, and this is bloomberg technology. Broadcom posts numbers that beat across the board as it tries to pull off the biggest takeover in tech history. Amazon and alphabet butt heads over reciprocity with customers caught in the crossfire. A bloomberg exclusive, coinbases ceo offers his take on bitcoin, which just roared by 13,000. It has nearly tripled its user base. Lede, broadcom reports fourthquarter results forecasts, offering an optimistic outlook for the current quarter, indicating its smartphone customers are optimistic about them and about demand. Lets bring in our bloomberg editor at large, cory johnson. You have been pouring through the numbers. You said it was an interesting quart
The latest allegations of Sexual Misconduct. Oregon democrat ron wyden [no audio] the senates gop majority voted today to begin talks on reconciling the two tax bills. Lawmakers are headed to conference to work out differences and emerge with a final bill that could be passed by the senate and house and then signed by President Trump by christmas. Thousands are fleeing ongoing wildfires in southern california. Flames have charred 50,000 acres of land and burned hundreds of homes. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im jessica summers. This is bloomberg. Bloomberg technology is next. Emily im emily chang, and this is bloomberg technology. Broadcom posts numbers that beat across the board as it tries to pull off the biggest takeover in tech history. Amazon and alphabet butt heads over reciprocity with customers caught in the crossfire. A bloomberg exclusive, coinbases ceo offers his take on bitcoin, which just roared
Spike this week. How the platform has tripled its User Base Since it picked up the cryptocurrency. As big tech races to control your living room, we hear from the brain behind amazons alexa. First, to our lead. Passedenate republicans their version, we explore the ways the proposed legislation could affect the tech industry. Take a listen. It was a round of applause for gop senators as they passed their version of a tax bill. Trump administration closer to its first piece of signature legislation. If they sent it to my desk, i promise all of the people in this room, i promise you i will sign it. I promise. I will not veto that bill. Tech companies have spent to make sure their interests are heard. Big tex stands to benefit in a few week ways. It would slash the corporate rate from 35 to 20 . According to goldman sachs, the tech sector already benefits from a 24 effective rate. Hordes of cashhe stockpiled overseas. Big tech stands to benefit from this legislation that allows them to def
We meet one of the most recognized names in swiss banking, the vicechairman of blackrock, the worlds biggest money manager, which handles more than 5 trillion in assets. After the financial crisis, what have we learned . Philipp we learned that we had too much leverage in the system without any doubt. When you have too much leverage, bad things happen. Not only do they happen, but when they happen, things tend to be amplified. So that is the key take away from it all. We have also learned that this notion of letting the market be totally free, that governments really should get out of the way, that wasnt a good idea. I think what stands out is banks needed much more capital than they had at the time. We had capital levels that were excessively low. I mean in some cases, these banks were leveraged nearly 100 times. And that, to me, has always been the key takeaway. In some ways, i wish we had focused more on the capital issue, and less on all of the other things that have made it into t
Whitney houston . Sitting, looking at my daughter. Tonight their time together and their family now grieving once again. But first, the nightline five. When you travel we help you make all kind of connections. Connections you almost miss. And ones you never thought you would make. We help connect where you are to you would go. This is why we travel. And why we continue to create new technology to connect you to the people and places that matter. Number one in just 60 seconds. Check this out. With xfinity home we get 24 7 professional monitoring and video monitoring we can watch on our own tv. Thats way better than our old security system. [metal clanking] [chip crunching] [baby crying] dont be old fashioned. Xfinity customers, add xfinity home for 29. 95 a month for 12 months. Plus get a Free Security camera. Call 1800 xfinity or go online today. Good evening. Thank you for joining us. If you havent booked your Summer Vacation yet, no worries. The guy you are about to meet says last Mi