Investigation into president trump, Russian Hackers went after the company at the heart of it all. Our top story, jp morgan setting records. Tuesday, reporting the best year for any bank in u. S. History. Shares jumped in the fourth quarter, ruled by a rebound in trading. Joining us to discuss, bloombergs sonali bostic. Humans at least stand another chance against the robots that had been threatening so much of the trading business. Sonali even though there are humans involved, remember that jp morgan among other banks are working very hard to make these businesses much more electronic. Almost every part of these banks are being transformed by technology, except the m a rainmakers we really need the relationships to make a difference. At jp talk to anyone morgan, the ceo definitely says that they are just at the early innings in terms of what technology can do for them. Annual with the nearly 12 billion spend on technology. In earlye are only innings of that transformation from technol
Political analyst Gregg Jarrett offers his thoughts on the Mueller Report and the investigation of russian interference in the 2016 election. He is interviewed by matt schlapp, chair of the american conservative union. After words is the program that interviews top nonfiction authors about their latest work. My great honor to be here with Gregg Jarrett, my friend and someone who has made me smarter. Your most recent bestseller, witch hunt the story of the greatest mass delusion in american political history, a fascinating read that tells us all the tale that we have been going through since 2016, this is a followon to your bestseller the russia hoax which was the New York Times number one bestseller and im sure this will be as well. I am already at number 3, great to be with you. When i heard the president use the term witchhunt like he used the term fake news, the fact that the election could be rigged. All of these things, i spent my adult life in washington dc you recoil because the
At new highs. It probably helped that phase one of the u. S. china trade deal has been reached andhat the fed is not likely to touch Interest Rates for the foreseeable future. Today theow rose 100 points for a 28,235, nasdaq up 79. S p added l. Weave more on the markets in just a moment. But we begin tonight with boeg d these reports that the rospace giant will temporarily halt production of the 737 max jetliner starting in january. Its the first halt in its development, something that few sawas coming when the jet grounded last march. That sent the stock lower. Phil lebeau is following the story for us, as always what are the details of the halt and how big of a deal is this for boeing . Its a huge deal, bill. 737 max production starting in january halt, likely lasting5 60 days. I say likely, because boeing is not putting a timeframe in tms of when it planses toe production. That will be determined by whether or not the a lifts the recertifies the plane, lets say, by late january, ear
Climbing the wall of uncertainty, but thats true for pretty much every asset class. A lot of folks talked about 2019 as the year of the rally for everything. If we look at highyield stocks along with gold futures, look at that huge gains. 36 for oil. Highyield treasuries, basically the best year since 2009, 2010, or 2011 depending on the asset class. One question on folks minds at this point what 2020 bring . A lot of strategists bullish on 2020 and what that could bring. If we look at charts on the terminal, we will see the s p five the s p 500 is overbought, well above 70. Some technicians dont mind when its overbought. Back in 2017 into 2018, higher highs until it starts to turn down, those conditions really suggest or could be more bullish momentum to the upside. These kinds of rallies go longer below 70, itst kind of bearish and thats a look at the market trading day from new york. This is bloomberg. This is Bloomberg Businessweek post quote live on Bloomberg Radio and bloomberg t
Isaacson, and were expecting to break this afternoon so they can attend their caucus meetings. Now live here on the floor of the senate on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Black, will open the senate in prayer. The chaplain let us pray. Our father, be with us not only in great moments of experience but also during mundane and common tasks. Through the power of your spirit, may our senators mount up with wings like eagles, running without weariness and walking without fainting. Give them the wisdom to be patient with others, ever lenient to their faults and ever prompt to appreciate their virtues. Lord, rule in the hearts of our lawmakers, keeping them from sin and sustaining their loved ones in all of their tomorrows. Surround us all with the shield of your mercy as you provide us with a future and a hope, and blessings too numerous to be stored. We pray in your sovereign name. Amen. The president pro tempore please join me in reciting