From the bloomberg newsroom. Emily im emily chang. This is bloomberg west. In theps the ante encryption debate, telling the fbi to back off. Who wins in the standoff . Beats estimates again, closing in on at t and verizon. How do they do it . Deeper intoigs grocery delivery. We will see how long startups can compete in this business. First, to the lead, a watershed moment in a debate to in Silicon Valley and washington. Apple is rejecting a court order to investigate the iphone of one of the shooters in the San Bernardino terrorist attacks. Tim cook framed it as a chilling attack on civil liberties. He wrote we are challenging the demand with the deepest respect for american democracy and they love of our country. That this demand would undermine the very freedoms and liberty are government is meant to protect. Echoed by thewas most famous defender of civilian privacy, Edward Snowden, who said the f ei is creating a world where citizens rely on apple to defend the rights. Told reporter
Economy. The aussie dollar weekend after a week unemployment date in january. 8000 jobs lost. The forecast had been for a gain. Was the worstbs since 2013. The government is struggling to support growth. Those of the headlines from Bloomberg News powered like 2400 journalists in 150 bureaus around the world. We have breaking news from malaysia. Ourth quarter growth is up gdp rising 4. 5 on year. A rise of 4. 1 following a gain of 4. 7 in the previous quarter. Lets look at the market and how they are reacting. Emily im emily chang. This is bloomberg west. Coming up apple ups the ante in , the encryption debate, telling the fbi to back off. They rejected a judges order to break into the iphone of one of the San Bernardino shooters. Who wins in the standoff . Tmobile beats estimates again, closing in on at t and verizon. How do they do it . We will find out. And google digs deeper into grocery delivery. We will see how long startups can compete in this business. Emily first, to the lead,
They are ignoring problems in the big economy. The big thing we are trying to figure out is what a Global Economy looks like with insufficient demand and very accommodative unconventional policies. What is the endgame . We really dont know. Meanwhile, oil stocks were up today. The price of oil slid nearly 3 after yesterdays big rebound. Ibm signs more Cloud Computing deals as it tries to boost revenue. The latest deals are with wpp and thomson reuters. They could add 4 billion to ibms top line. The revenue comes at a crucial time for big blue, which recently ditched its earnings forecast. A federal judge in minnesota refused to toss out a lawsuit filed by banks against target over last years huge seven security breach. They sued target for negligence, saying they failed to protect systems, and the banks had to reimburse people for fraudulent charges. Uber has partnered with America Movil. America mobil, the Wireless Company owned by carlos slim. The right sharing app will be on all Ame
We really dont know. Meanwhile, oil stocks were up today. The price of oil slid nearly 3 after yesterdays big rebound. Ibm signs more Cloud Computing deals as it tries to boost revenue. The latest deals are with wpp and thomson reuters. They could add 4 billion to ibms top line. The revenue comes at a crucial time for big blue, which recently ditched its earnings forecast. A federal judge in minnesota refused to file out to toss out a lawsuit filed by banks against target over last years huge seven security breach. They sued target for negligence, saying they failed to protect systems, and the banks had to reimburse people for fraudulent charges. Uber has partnered with America Movil. The right sharing app will be on all America Movil phones in mexico. Raise moreking to money, a move that could value the company as high as 40 billion. Back in the day, apples ipod was king. Remember this . Ipod, 1000 songs in your pocket. Those days are back again, at least in federal court. Apple is ap
Bitcoin industry . Is it the beginning of the end . New revelations emerge around the nsa. Is reporting the u. S. Agency worked with britains surveillance counterpart to intercept and , evenyahoo webcam images from users who are not suspected of doing any wrong doing. The Program Dated from 2008 to 2010. 1. 8 million users were targeted in a sixmonth period alone. Yahoo is saying they were outraged, not were they aware of nor would we condone this reported activity. Shows like walking dead kee Ping Networks alive. We will talk with Jon Erlichman. First, our lead. Its empire bylt selling ads on its search engine. Theres hardly a business and technology the company is not changing. One of its newest businesses is google cyber, highSpeed Internet in your home that leaves competitors in the dust. Were taking an indepth look at google fiber. The only other place other than kansas city where the service is already online. This town . Ogle pick it already had fiber. The. Comft over from 30 wh