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 year s eve celebration. it cap s 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: i m 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 g
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 medium-term 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 fed s 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 beyon
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
, gainingets of today for the first thing and three, on track for the second weekly gain, best run since early november. 136, highest level since june of 2016. day after the breakfast best run since december. sterling falling the first three day of this week followed by continued signs of division over brexit, disappoint economic dating and the forecast 135. rcb markets the most bearish, forecasting $1.20. vote, junethe brexit 23 of 2016, sterling finished the day at 1.4877 and the next day at 136.79. we are at 136.87. let s talk about gold. longest run of gains and more than a decade, will jan benefiting from the weaker dollar attention to north korea and the middle east with gold futures headed for the fifth consecutive weekly gain and the longest rally permit twice 16, gold is at the highest level since september of last year and let s talk about russia investors had have been piling $122 million into the russia over the last five trading sessions, the longest stretch of
auction,0 year following a disappointing 10 year auction that occurred yesterday, showing the weakest demand in five months. not much moving on the 30 year yield, as a result of that auction. let s see what is going on with stocks. we see the big selloff we have been talking about, with the s&p 500 index kind of bouncing around. here is the major averages. we are seeing the lows of the session here for the majors. a spike in the vix. volume has also picked up drop the day. we are seeing more tepid selling . volume accelerated as well. we have now a race to the gains for the year today for all of the major averages. that is something to keep in mind. a more than 8%ng pullback in the s&p 500 index. it was a record high for the index. the selloff that occurred has now surpassed 8%. if you were looking at how the day has played out for the s&p , the intraday for the index, you can see a picture here. a drop ofinitially the open, but it was fairly modest. it is different from yest