Announced he would step down. Bloomberg and Bloomberg Technology is next. This is Bloomberg Technology. Coming up, u. S. Tax reform clears the house. We will discuss what comes next and what it means for tax caps. Plus, inside googles fake news fight. Behind the spike in tech ipos in asia. But first, to our lead. Lawmakers have passed their version of the u. S. Tax code. Ratesshes Corporate Tax while adding over 1 trillion to the deficit over the next decade. The senate is preparing its own version of the bill, one would one that would delay the Corporate Tax cut for a year. Joining me now, we have our Bloomberg Tax reporter and in new york david kirkpatrick. Losers . The winners and in this bill, corporations will see their rate fell from 35 down to 20 . Businesses also see a corporate their tax rate cut, but it is a little bit more confusing. Companies that are really excited about this as this moves towards a territorial system which Means Companies are not tax as much on their prof
The s p also down. 1 . All oil at session highs, energies leading the gains. The nasdaq is down. 4 . At the lowest level in more than a week. Take a look at some of the currency trades happening. Major markets are still shot, so we are seeing some position adjustments. Not much moves in the dollar, after two weeks of decline. Some growing optimism about the strength of the u. S. Economy after that tax bill. The japanese yen strengthening a little bit but around that sixweek low against the dollar. The boj cap its loose Monetary Policy stance last week. When it comes to treasury yields, 2. 46. The 2 10 spread is now there are for a fourth straight session. That is a look at the market. President donald trump signing the gop tax overhaul bill last week. Congress also signing a budget deal to avoid a shutdown before going on its holiday recess. So what is next on the agenda, what could it mean for the markets . Joining us to discuss from los kumar strategies and founder, komal srikumar. T
Welcome to squawk alley. Carl and jon both have this morning off. Joining us is rekicricos he ha itting manager and author of the fore nice to have everybody here. And lets do our top story this morning. It is shares of apple and a number of its suppliers are under pressure on reports of slowing demand josh lipton, what is the problem if there really is one reporter apple investors have been counting on a waiver of iphone fans all around the world upgrading to the new iphone x, but this morning new questions about the real popularity of that device. So there are reports citing taiwans Economic Daily that apple in the First Quarter is going to cut its Sales Forecast for the 10 to just 30 Million Units. Ch and that is down from the initial plan of 50 Million Units. Apple doesnt remember Quarterly Sales targets for the x which officially went on sale back in early november apple suppliers down this morning on the report. Finisar just awarded 390 million to analysts have baeen not so bulli
What happened in your christmas household . It was wonderful. At with my sister. And best gifts . You know, the usual what is the best gift that we could get, you know sf what is t best we could do at this point is that appropriate for Morning Television i got socks socks are good. I got some very thoughtful sweatpants i got some sweatpants how thoughtful could sweat pants be they were very comfortable. Did you get new yoga wear lululemon, yeah see, i knew that i was going to get you that, but i knew someone else would. We cant just all keep repeating. Okay. Anyway, im Andrew Ross Sorkin joe kernen is here, melissa lee is here. Becky happily has the day off. A quick look at futures. We have the dow looking like it would open down. A few days where we talk about things opening or at least looking like they will open in the red. Right now dow would be down about 32 points. Nasdaq off about 7 1 2 s p 500 off or rather up margma marginally bitcoin is rising, recovering from a selloff last
From the missing plane it will be the first confirmation that mh370 crashed into the indian ocean in 2014. The air kraf was travel from kuala lumpur to beijing. Consensus calls for gdp to have increased at a 2. 7 annual rate. Also important today, the government plans to be releasing three years worth of revisions from the bureau of economic analysis. You might remember Steve Liesman first reported in april that q1 gdp was statistically softer than the other three quarters for the past 30 years. They said it was developing methods to try to address this problem. Well see if they have. From the economy to earnings among the companys quarterly result results. Procter gambles ceo will be joining us. I didnt Say Something about that. Earlier, just now . I thought at the top the show you might have said p g earnings. I would know if i said that. I thought you might have said that. Now youre starting to hear things. Maybe its from yesterday. We did talk about john mueller being on the progra