Husband members right now propelled house members propelled by the or urgency of developments both here and in the middle east are trying to vote in a speaker. Right now the house has taken a recess after the first vote in the last hour for republican representative jim jordan of ohio fell short of the 217 minimum needed to win his bid for speaker. Democrat Hakeem Jeffries has the most votes but still short of the minimum at 212. The importance of this vote cannot be understated. Until a speaker is elected, congress cannot respond to emergencies or crises is. And the high stakeses in the middle east definitely constitute a major crises in which the u. S. Is playing an a increasing role. Tonight President Joe Biden will depart the white house to head to israel, jordan and egypt. This as incoming hamas rockets fired directly at cities to the north including tel aviv continue to rain down. 4re67b days after eleven days after the surprise attacks in southern israel in which 1300 israelis w
In the meantime, lets talk about the price of bitcoin. It has been volatile. Shot up yesterday in a big way and pulled back after blackrock denied the report, becky. Coin telegraph saying u. S. Regulators approved the application for the spot etf. Everybody cheered and went crazy. Coin telegraph later retracted the story and conducting an internal investigation into the inaccurate report. Blackrock reported the application is still under review. Crypto markets have been waiting news for spot coin etfs which are expected to drive investment in the sector if approved. If because we still dont know. Just because blackrock and fidelity are asking for it, doesnt mean the s. E. C. Has to give it. Do i think there is momentum . Sure. It doesnt lead to the situation. The company that put out the story is now conducting an internal investigation which makes you wonder if they suspect somebody was doing this and making trades based on the story. It wasnt how it happened. Was somebody feeding the
Im Katie Greifeld in new york. Welcome to Bloomberg Markets. It is a down day in the markets right now on this thursday. The s p 500 currently off by about 1. 5 , and the story only gets worse if you take a look at big tech, with the nasdaq currently off by about 1. 7 . We know a lot of that is coming from meta reporting earnings last night. The stock is down double digits right now. That is what we are seeing in the stock market in addition to the Economic Data which we will get to in just a bit. You look at how it is filtering through the bond market. You have 10 year treasury yields higher by eight basis points. Firmly above 4. 7 for the First Time Since late last year. That is after u. S. Economic growth. We learned that it slid to a nearly twoyear low last quarter while inflation jumps. Optimism for a soft landing. Michael mckee joins us with the details. Walk us through how painful that dynamic might be for the fed. Slow growth, hot inflation. Michael the problem is that it is no
Fire on the plane. The carryon burst into flames. And Lisa Marie Presleys shocking claim. Now saying nearly all of her 100 million inheritance is gone. Where did it all go . And good morning, america. We hope you had a good weekend. They needed good news at Marjory Stoneman douglas high. They got it over the weekend. That is the hockey team for the high school. They won the state championship on sunday. Amazing after all theyve gone through. So much excitement there. They were the underdogs in the tournament. They came back to win it all. And one of the students said now were going to bring the trophy back to the Best High School in america. A lot of the guys a lot of the players dyed their hair blond in honor of a classmate they lost. We begin with the dangerous weather stretching from texas to the ohio valley. At least 12 tornadoes touching don in four states including kentucky. Marcus moore starts us off in paducah, kentucky where the governor has declared a state of emergency there
For a living . Guest well, i run all of lsus Cyber Research and their applied research portfolio. Host and what does that entail . Guest for the most part, we do work for a variety of clients and helping them protect their networks from cyber vulnerabilities or cyber attack. We do a lot of risk assessment, we do vulnerability and Penetration Testing for clients, and more and more now were actually working with the Insurance Companies to go out and actually see who dun it, what the extent of the damage, how pervasive was the attack, were the mitigation strategies effective to get rid of the attack, and what details were actually compromised. Host why Louisiana State . Why does Louisiana State have a Cyber Research department . Guest well, you may or may not be familiar with the Cyber Innovation Center up in northern louisiana which was state of the art back in the day when it was built. So we have a presence there. I would argue its probably not as a mature as id like to see it, but its