Allegations. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im Alisa Parenti. This is bloomberg. Bloomberg technology is next. Emily im emily chang. This is bloomberg technology. A new number two. Coinbases Insider Trading suspicions. Investigation into a sudden spike in bitcoin cash just before it was officially introduced on one of most americas most popular cryptocurrency exchanges. Apple 2018 plans for a custom application that works effectively on the iphone, ifad, ipad, and mac. First, uber has a new number two. The worlds most valuable startup has named Bonnie Hartfords chief operating officer Bonnie Hartford its chief operating officer. She is the second highprofile hire by the over ceo. Move,n interesting considering the other uber news out early wednesday. Top courtan unions has officially ruled that the right Healing Service should be regulated ridehailing service should be regulated as a transport company, not a t
And amazon tops 1000. Stocks up 50 and on course for a 1 trillion sale tag. 1 trillion in sales. Yvonne a trillion dollar company, yvonne. Speaking of trillions, we saw on interesting reaction in the bond markets. Again, another day where yields the house and Senate Finally passed a tax reform package. Theaps all of this by on rumor in salem the news is affecting not only equities, but also the bond markets as well. Yvonne yes. Callsall of the extreme for yield curves to flatten, it seems like we are pushing back on that now. We are seeing a steepening here as we close 2017, betty. Reaction in the equity markets. Kind of a collective shrug. S p trading flat, and closing unchanged. Same with the nasdaq. The dow down about 30 points. Not setting up for a really recession. Of course we are waiting for the boj. Yvonne we saw a bit of a rally that petered out on wall street. Here is how we are. So on to new asia, zealand. A gross load in the third but a healthier picture than what economist
Americans. It is being sold by an unpopular president with unquestionably difficult circumstances ahead for this bill. Gop lawmakers will head home to start the sales their constituents. A lot of talk about the is it good, is it bad, who will it help or hurt . Have we heard anything about when it will be signed into law . Remember the president said he would sign it into law immediately after it passed. The white house now says theres a process in place. So no date has been set just yet. All right. Thank you. Live from washington. Despite the applause there, the tax bill did not do much for the stock market today. The dow lost 28 points. The nasdaq is that s p 500 were essentially flat. So what will the new tax bill mean for you . Well break it down for you coming up in ten minutes. Arrests have been made in corruption with a Home Invasion robbery. The santa clara five suspects. Reporter its the kind of quiet sell eye rural neighborhood where residents say they feel safe. But a residen
The other kids in this country. Ultimately, the republicans have taken what they call a once in a Generation Opportunity on tax reform and squandered it on corporate welfare and tax cuts for the rich. Reporter still, republicans say the tax bill is really a gift to the u. S. Economy. This gets us better wages, bigger paychecks, a simpler tax system. This gets the American Economy competitive. The bill is still being looked over by experts and the consensus is that most americans will see their taxes go down next year. There are provisions having to do with property taxes and state and local taxes which will affect us differently here in california. Also, the individual cuts are set to expire so most americans will likely pay more once those cuts expire in 2025. Is the president expected to sign this before the end of the year . Reporter so thats big question. The white house is saying it will probably happen in january because if he signs it before, it triggers this budget law that req
Pope francis will participate in a funeral mass on thursday at st. Peters basilica for the archbishop of the boston diocese, who resigned under pressure for having failed to protect children from pedophile priests. He died tuesday. Senator al franken has given an official timeline for when he will step down. Franken plans to resign january 2. He had announced earlier this month he would step down in the wake of Sexual Harassment allegations. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Bloomberg technology is next. Emily im emily chang. This is bloomberg technology. A new number two. Coinbases Insider Trading suspicions. Investigation into a sudden spike in bitcoin cash just before it was officially introduced on one of americas most popular cryptocurrency exchanges. And one app to bind them all. Apple 2018 plans for a custom application that works effectively on the iphone, ifad, ipad,