Winter white house, maralago. Documents were due to be released today in 1992, but 114 of nearly 500 files from the Prime Ministers Office that year are being held back. 12 of those relate to european policies. Global news 24 hours a day. This is bloomberg. Bloomberg World Headquarters in new york, i am julie hyman. Joe and i am joe weisenthal. Scarlet fu and julia chatterley are off today. But the question is whatd you miss . Trump suggestst that the post office should charge more to deliver amazon packages. And we have the chart that you cannot miss about next years big moves in the market. California has legalized marijuana january 1, but citizens in two of the biggest cities may have a bummer. When the senate gets back to work january 3, Democrat Doug Jones of alabama will be sworn in. Things will shift into full gear when the house returns on january 8. Both chambers will have to tackle another Government Shutdown deadline and President Trump will give the state of the Union Addre
Bronx in about three minutes, but by that time, the fire had spread throughout. They were able to rescue a dozen people. Several more were critically injured and are said to be fighting for their lives. Police promising a bigger security detail than ever before in times square for the upcoming new years eve celebration. It caps a year that saw a number of deadly attacks including a vehicle assault at the same spot where revelers will bring in 2018. An army of snipers and back in spending officers will be deployed along with metal the textures and bombs trained to find explosives. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Bloomberg technology is up next. Cory im cory johnson in for emily chang, and this is Bloomberg Technology. After massive gains, can big tech continue its run . And President Trump resizes and President Trump once again criticizes amazon on twitter. Should the tech giant be worried. And
Xpectations. Still, a majority of the committee were clearly in favor of the rate hike that the fed went ahead within december, and the majority of the committee are still expressing some confidence that inflation in the mediumterm is going to move back to 2 . But there is a sense that confidence in that is slipping a bit. That matches up with the feds forecast, the dots that we saw last month. The median for rate hike projections asked year is three, but their worst next year is three, but there were Six Committee members below that meeting. Ledave a more hawkish group by people like Loretta Mester in cleveland, and they are more concerned about a severe undershoot of unemployment in 2018, possibly leading to a bump in inflation. And here is another interesting quote i found in the minutes. Participants discussed several couldthat, if realized, result in a steeper path of increases in the target rate. They mentioned those risks include the economy expanding well beyond its maximum sus
Them. Cohen told bloomberg tv that the federal government have to figure out some way to select their revenue the matter what states try to do. I understand with their child to do for their cities and their states and their taxpayers. We have the federal government still have to collect revenue. We have to evaluate what decisions they make in terms of what it does for overall collections at the federal level in the federal tax system. David we want to welcome now Kevin Cirilli and Marty Schenker could cap and ask the unfair question what is he talking about . Kevin it is kind of a surprise. I thought it was a great interview earlier today by our colleagues because i think as this gets implemented, the republicans, particular those in states that are impacted by the state local Tax Deduction issue, states like new jersey and new york, there are republicans and there and have a lot of concerns about this. Privately to the sources of talked to on capitol hill leading up to the tax vote, t
Higher, apparently because of reports the Chinese Government was buying less of them for its Foreign Exchange reserves. This comes just when the u. S. Treasury was going to have to be borrowing more to pay for this tax cuts. To take us through the possible ramifications, we welcome alex wayne in washington. Welcome. What do we know about this . Alex china indicated to us that they have less of an appetite for u. S. Treasuries. That could be bad for the u. S. In a couple of ways. Slightly already raised yields on u. S. Debt. 2 the Congress Just passed a huge tax measure is going to add 1 trillion and a half dollars to the debt over the next 10 years. If we have to finance that at higher prices, thats bad for the deficit and the debt. It also could have spillover effects like Mortgage Rates rising, for example. What happens if people start seeing mortgages maybe approach 5 , a level we have not seen in many years . Shery but china is very much deeply invested in u. S. Treasuries. Would i