This is bloomberg technology. Coming up, the doj is hitting at t hard. Details on the lawsuit that could block at ts 85 billion takeover of time warner. Er speeds up its driverless push, striking a deal with volvo. Details ahead. Plus, more dealmaking in the chip industry. What the 6 billion acquisition means in its continuing consolidation. Lets start with the lead. The u. S. Justice department is suing to block at ts 85. 4 billion takeover of time warner. This is a major blow to the carrier to create a media and telecommunications empire. At ts chief counsel said he is confident the court will reject the claims and the company is withng a press conference the ceo is expected to speak. We will bring you the headlines, but first ed hammond just listened in on the doj call and joins with the ceo is expected to speak. Also with us is cory johnson and bob odonnell with technalysis research. Us. Ed, you have been listening in on the call. What is the Justice Departments rationale . Ed they
2017 has extraordinary brought it into eight very exclusive club. That is the Fifth Company worth and access of 500 billion, alongside apple, googles parent alphabet, microsoft and face book. It also means it has beaten alibaba to the milestone. News, 24 hours a day, powered by more than 2700 journalists in more than 120 countries, this is bloomberg. Lets take a look at the markets closed, aboutust 4 10 of a percentage down. Japan, we are seeing gains all across the region. Emily this is bloomberg technology. Coming up, the doj is hitting at t hard. Details on the lawsuit that could block at ts 85 billion takeover of time warner. Uber speeds up its driverless push, striking a deal with volvo. Details ahead. Plus, more dealmaking in the chip industry. What marvells 6 billion acquisition of this Company Means in its continuing consolidation. Lets start with the lead. Our developing story the u. S. , Justice Department is suing to block at ts 85. 4 billion takeover of time warner. This is
Anna a very warm welcome. This is bloomberg daybreak europe. Im anna edwards. Manus im manus cranny. We have one of her last interviews as the ceo of easyjet. Thats at 7 00 a. M. Anna later, we speak with david duffy. He will be joining us later on to talk banking. The world is a strange place. The german elections, very boring for a long time. Challenges and janet yellen plans to step down from the fed. You look at the world, you look at north korea. Its been named a state of terrorism. Where do you put your money . Gold did have its worst loss in two months yesterday, down by 1. 2 yesterday. Where do you hide . Open interest takes a spike. Open interest in gold is at the highest since june. That is at the close of business last week. Increasingly, geopolitical events have reported the tactical use of gold in the short term we have heard this before from a variety of people. Lets see where it goes for the rest of the week. Anna we will show you where we are on the msci asia. Despite t
Data check. Stocks them to be advancing. Dollar, treasuries, both slipping. The dollar is edging lower and treasuries are rising as janet yellen said she will step down when her term ends in february. I also wanted to talk to you about the turkish lira, you can see it at the bottom of your screen. It hit a record low against the dollar. We will get plenty more on your market moves. Now, lets get straight to the bloomberg first word news. Sebastian u. S. President donald trump is designating north korea a state sponsor of terrorism. The regime to additional sanctions. North korea joins syria and the sedan on the u. S. Terrorist list. This will impose sanctions on north korea and related persons and supports hour maximum Pressure Campaign to isolate the murderous regime. Sebastian janet yellen has said she will step down from the board of governors wants her successor is sworn into office. It widens the scope for donald trump to shape the Central Bank Leadership for years to come. Jerome
And thessed her tenure tough job that awaits her replacement. The Trump Administration took a big step towards avoiding obama era Net Neutrality regulations. The current sec chairman announced tuesday he plans to hold a to cymer 14 vote on overturning the protections. The regulations are intended to prevent broadband providers from favoring their Business Partners offerings or their own video and other content. The fcc would require that all Internet Service providers be transparent about their Business Practices if they are blocking or throttling content. They have to disclose that, and we make clear that the federal trade commission would have authority to police broadband providers if they are behaving in an anticompetitive way. Through those rules, we would be able to protect consumers Going Forward and protect investment in networks that are necessary to promote digital opportunity. Caught up with a man who led the fcc during the Obama Administration when those , tomctions were in