fastest car ever made, hurtling in space. keeping the government chugging as oneas deal described nobody loves. it seems like life has changed and rather than talk about no volatility or low volatility in markets, the only thing both are talking about now is to get used to volatility. andtility is here to stay, i want to show you a chart that reminded me of the great ernie s peng lei ernest hemingway quote. this chart shows you that ed acency that is br the short-term fix, the several to blame of the rapid selling in the session. you can see complacency all the way up until the very and, and then these devastating losses. many warn us about these induced leverage etn s, however, nobody thought would go to zero, as a got to zero yet but they are headed straight there. it lays the question or puts into question where it goes from here. of aard from the likes credit analyst who warned about the shortfall trades prior to the selloff. is now ang me it opportunity to start
cable down 1/10 of 1%. they ll the u.s. dollar. gold, a little bit higher and the vicks still stable. what it wants a meaning for equities, we will tackle that. david: a big day not just because alix is back. itsbank of england with latest monetary policy decision. we will get u.s. weekly jobless claims. at 9:00, republicans promise they will give the details of their tax reform bill. 3:00 this afternoon, president trump will announce his pick for the next fed chairman. jonathan: president trump is jerome be tapping powell. here s what guests worldwide have been saying about the man who could be the next chairman of the federal reserve. experience is in private equity as a salesperson rather than investing. i m not sure what he knows about the inner workings of financial system. i don t agree with bill gross comments this guy not being an economist is a hindrance to his ability to do the job. powell has the equivalent of more than one phd in monetary policy given all th
scheduled to meet with russian president vladimir putin and other world leaders didn t that in the next hour. abigail doolittle is here with the latest trading action. very small moves in the dow and s&p and makes trading action from the dow and s&p 500, perhaps investors on hold in waking the results of the fed meeting. the tech heavy nasdaq up four tents of 1% and on pace for its best day since last wednesday after quite a bit of selling action. we look at what is happening sector wise for the s&p 500. function, tech is the clear winner, of 9/10 of 1% and more red than green. on bottom, energy down about 1.7%. what is helping tech from a performance standpoint, perhaps the most, looking at the chip sector and the philadelphia semiconductor index up nearly 1.5%. macron trading higher. nothing fundamentally new. we are seeing a bit of a rebound rally after last week s almost 5% pullback. when we look at a chart in the bloomberg, something happening technically, this is a on
a vote could be held next week. global news 24 hours a day. i am alisa parenti. this is bloomberg. bloomberg technology is next. emily: i am emily chang and this is bloomberg technology. china fortifies its firewall in the latest move to tighten online censorship. we dig into the new crackdown. tesla s model 3 production goes into overdrive. two-time nba champion and emerging investor i do iguodala making a iguodala is big play for silicon valley. . bloomberg scoop china is cracking down on what it s citizens can find on the web. it has ordered the three major carriers to block individual access to virtual private networks by february 1. it essentially shuts down a major window to the global internet. thousands of websites are currently blocked in china including facebook, twitter, and some google sites including youtube. is normally based in tokyo but joins us from new york today. what do we know? china has been playing this game of cat and mouse with virtual private
three production, and whether the car cuts into the sales of luxury cars. and the square continues its banner year with a better-than-expected quarter. we will speak exclusively to the ceo jack dorsey. apple shares soared to a record high after better than expected revenue forecast. the figures calmed analyst concerns that the new iphone may be delayed. apple doesn t talk about future products, but in a phone call with the ceo tim cook, he says it appears that more users are waiting to upgrade due to reports about the new iphone. he said it feels like the rumors are much louder and more frequent than in the past. we do believe that has created a pause. it is likely larger than previously. we broke down the guidance and earnings with the julie ask. there is a lot to look forward to hear. on the one hand, the market is going to grow about 50%, so there is a lot of upside in that market. there is a lot more to come. a lot of upside like virtual assistance. there is all of the