This year have seen unemployment dropped to the lowest levels in the history of their state, and i hate to tell you, but misery happens to be one of them but ms. Lori happens missouri happens to be one of them. [applause] mr. Trump we have created nearly 2 million jobs million jobs. Think of it. We used to lose millions, but now we have created since i won the election. I want to say since you won the election. I did not win the election. You won the election. We will create countless more if we can sustain the 3 growth rate we have achieved the past two quarters, but we will do much better than that. I used to say he could hit 4 , and we could hit 3 , and they were all saying forget it. It was 1. 2 , doing terribly. We were flat, even. In all fairness, the stock market was going this way, and now we are hitting numbers that nobody thought possible, certainly not at this time, and the numbers going up are going to be much better than anybody anticipates. In fact, they are going to say
Said it received a detailed complaint from a colleague. 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 next. Emily i am emily chang. This is the bloomberg technology. The u. S. Tax overhaul could be to blame for the worst drop in months we will explain the tech tumble. Arianna huffingtons take on ubers cultural you turn and Sexual Harassment from washington to the board room. Tech stocks caught in a massive selloff, while the dow hit a new record. Shares tumbled more than 1 . Abigail doolittle joins us now from new york with more. How common is this kind of diversions we are seeing in the u. S. Majors . I dont remember something of this degree in quite some time. By. 4 , the s p 500 down fractionally, but also an alltime high. The tech heavy nasdaq finishing down 1. 3 , the worst day since august, so to have that degree , not surprisingly the fangs going down. All down more than 2 . Th
Costs and passing them on to their customers. Quite a reluctance among firms to do that in the past. Now a little bit more willingness and ability apparently to do that to it janetnecessarily resolve yellens mystery over low inflation but it is a glimmer of hope for people hoping the inflation rate will rise closer to the feds 2 target. All of this is happening in the context of an ever tightening labor market. This is something we are hearing over and over from just about every fed district. Its getting more difficult for companies to fill open positions, find qualified people and thats restraining their ability to grow. One tidbit from this report that i have to share with you is from the dallas fed. Worker shortages were reported throughout the oil and Gas Supply Chain and in construction. Similar reports came from care,cturing, health airlines. Some banks reported labor was becoming a bigger issue than Regulatory Compliance. You guys have heard a lot of in recentg from banks years
A powell boost and metcoin above 11k. And snap snubs social media a blistering ped about facebook and spread of fake news. And amazons growing influence, we have an exclusive interview with andy jassy. Stocks are on track for more record high. Boosted by advancement of the tax reform bill to the senate floor. Financials obviously rallied following comments by fed chair nominee Jerome Powell at his confirmation hearing he did say bank rules are tough enough he also got bitcoin surpassing 11k, after breaking 10k about 24 hours ago, jim. Yeah, i know ill get heat on this but even if you believe in bitcoin, the velocity of the move is a sign that its parabolic and parabolic moves dont last and i know that when i look at that i say to myself, okay, if i owned it, what would i really be doing . The answer is when you have that big a gain you have to take profits. That velocity is crazy that velocity is not right. Whos buying this thing some arguments say its people in venezuela that want to
Power lunch starts right now good day, everybody. Welcome to power lunch. Im Tyler Mathisen as michelle just highlighted, the dow and s p 500 hitting records again. But we are well off those levels at this hour nasdaq basically getting slammed. Down more than 1 . Big selloff in tech. Check out what is leading that nasdaq 100 lower Lamb Research down so auto disk down 15 now applied materials, invidia also in the tank today. In fact, the whole Semi Conductor industry on pace for its worst day in almost a year more on this group coming up forget ten, folks. Lets move on to 11,000. Bitcoin breaking past 11,000 just hours after topping 10,000 for the first time ever. Everybody is talking about bitcoin. Crypto currency up more than 30 in the past week and now up well over 1,000 this year, brian. Its like an auction. Do i hear 12,000 im Brian Sullivan heres what else is happening at this hour. Tyler drilled down on bitcoins record run the nasdaq planning to launch Bitcoin Futures next year.